Tesco's Performance Management: Tools, Targets and Employee Commitment

This report examines Tesco's performance management strategies, focusing on various aspects such as team performance, performance targets, and employee commitment. It explores the application of the McKinsey 7S model as a performance tool and the importance of setting specific, measurable, achievable, relevant, and time-bound (SMART) targets. The report analyzes different performance ranges, including minimum, moderate, and stretch targets, and discusses the significance of employee involvement in decision-making and rewarding employees. The study highlights the role of leaders in fostering trust and commitment within teams to achieve organizational goals. The analysis is presented from the perspective of a senior manager within Tesco, providing insights into practical application of performance management principles within the retail giant.