LSC UoS: Contemporary Management Issues for Tesco Plc - Business

This essay examines the contemporary management issues faced by Tesco Plc in the 21st century, focusing on the impact of digital technologies and the COVID-19 pandemic. It analyzes how Tesco is affected by these factors, including the risks of loss and the challenges to organizational development. The report discusses the roles of leadership within Tesco, highlighting different leadership styles and their effectiveness. It also explores the initiatives Tesco should undertake to ensure its survival and growth in the market, including conducting PEST analysis and adapting to changing consumer behaviors. The essay concludes by emphasizing the importance of these strategies for Tesco's success in the current business environment. Desklib provides access to similar solved assignments and past papers for students.

CONTEMPORARY
MANAGEMENT
ISSUES
IN THE
21st CENTURY

Contents
INTRODUCTION...............................................................................................................................3
MAIN BODY.......................................................................................................................................3
How Tesco Plc affect by the digital technologies or risk of loss...................................................3
How Covid-19 affect the organization development.....................................................................4
Roles of leadership in the organization of Tesco Plc.....................................................................4
The organization should take initiatives for the survival in the market......................................5
CONCLUSION....................................................................................................................................6
REFERENCES....................................................................................................................................7

INTRODUCTION
Contemporary management is unwritten as the controller of methods, resources and
modernizations within an organization, in order to achieve specified objectives within the
limits of existing capabilities, circumstances and restrictions, in accordance with the
economic and social wisdom of economic events. The Tesco Plc had controlled all the
process of the organization which help the organization to achieve the existing goals with
limited resources available in the organization. This report is based on that how the Tesco
organization affected by the Covid 19 pandemic situation and use the theories and model
which improve the organization to run in this condition and discuss the existing policies of
the organization, leadership roles and suggest new initiatives which help to survive in the
organization (Popkova and Gulzat, 2019).
MAIN BODY
How Tesco Plc affect by the digital technologies or risk of loss
Technology is improved by management planning accuracy by giving your supervisors the
data they need to make current decisions. Technology resolutions that assemble data from
internal and external sources, store it in a data warehouse, and provide it to administrators
with access through the network. The Tesco Plc have to adopt the technology which enhances
the production level of the organization but due to Covid 19 period the organization have to
face many problems because of the technology and the customer is not prefer to use the
outside of the product in that Tesco face very huge losses in that particular time period
(Megheirkouni and Mejheirkouni, 2020). There is Porter’s and Forces Model is applying by
the Tesco in the organization to examine the market situation.
Bargaining power of the buyers/customers of Tesco: The customer has high power in the
market because the substitute product of the Tesco easily available in the market. Due to
covid-19 the customer has less preference to go outside and purchase the outside product this
will impact the Tesco organization very badly in the market of UK.
Bargaining power of the suppliers of Tesco: The Tesco Plc have less supplier in the market
for the resource of the organization production and the Tesco have to buy the resources from
the supplier at fixed price which is offered by supplier in the market. In covid-19 the supplier
increases the price of the resources due to high demand in the market (Kamphuis, 2020).

Threats of new entrants of Tesco: The Tesco plc have very low competitor in the market
due to less availability of the capital in the market. The Tesco Plc don’t have competitor in
the market but in covid -19 period people who do small start-up have shut down their
business.
Threats of Substitute Goods and Services of a Tesco: The organization of Tesco have
large number of varieties of the substitute product in the organization but due to covid-19 the
Tesco face the financial stability in the market so for that the Tesco have to do the
retrenchment of the organization operations (Gunasekaran, Subramanian and Ngai, 2019).
Rivalry Competitors of Tesco: The Tesco is the market leader in the market it holds and run
the market and they don’t have pressure of the market. In pandemic situation the market
becomes very down the Tesco set the price of the product according to the market resources
availability in the market.
How Covid-19 affect the organization development
The effect of COVID19 has introduced a powerful combustion platform in many expected
areas with many organizations and individuals who are traced and simply encountered.
Organizations are forced to make your business different, with most employees who need to
work from distance or home, and your organization has to change rapidly, so organizations
can survive (Funk, 2018). This contribution explains some of these effects and how
modification management is used to support new normal management. The Tesco
development is decreased in the market and its growth due to covid-19 which hamper the
market production.
Policies in the text of talent acquisition: The Tesco Plc have to conduct Talent acquisition
deals with strategies, tactics, and processes to identify, recruit, and retain the talent your
organization needs. This includes procurement, recruitment, recruitment, development,
implementation, and evaluation of orientation programs and Labour plans. The organization
have to follow all the policies of the government related to the guidelines which is prepare for
the organization foe the working condition in the covid-19 situations (van Kemenade and
Hardjono, 2018).
Development and change management process: The Tesco Plc have to change the
management process in the organization due to covid-19 guidelines which imposed by the
government for all the organization. The organization run with 40% to 50% work force in the

organization it reduces the performance and production level in the market. This will
decrease the development in the market and it will impact in the market very badly.
Roles of leadership in the organization of Tesco Plc
There are different types of leadership styles which can be used in managing Tesco's
organisation and implement this new initiative for the growth of the brand
Democratic leadership is commonly effective leadership style in which every member
decision is considered and made a final decision to evaluate the project direction democratic
leadership style is most effective leadership quality which allows every level of employee
and workers examine the authority thoroughly which they need to use wisely in future
positions they strength use toward give profits in the firm.
As per Tesco company Do board meeting and have a democratic leader which make decision
related options, they often used discussion of each option and leader my take board opinions
and advice into consideration as they strength exposed by decision by making division
(Dardot and Laval, 2019).
Autocratic leadership is an opposite of democratic leadership in this style leaders make
decision without taking any direction from members of team employees are neither
considered nor consulted about the direction in Tesco this strategy is very less frequently
practice and these new dresses style more open and intellectual view towards rest of the team.
Strategic leadership is one of the most commonly used strategy in leadership style between
companies mean operation and its development opportunities the leader decides the burden of
Administrative awareness while confirming that the current occupied condition are continued
with stability and without any pressure let's go uses this strategy to support the employees
and give best direction in every one benefit.
The organization should take initiatives for the survival in the market
The Tesco Plc Development is an effort focused on improving the capabilities of an
organization done coordination of strategies, structures, persons, prizes, indicators, and
management developments. This is a science based interdisciplinary field fixed in mindset,
philosophy, modernization, social sciences, adult education, human resource management,

change management, organizational behaviour, research analysis and design. Organizational
development includes a continuous, organized, long-term procedure to increase the efficiency
of the organization, solve problems, and improve the performance of the organization. This is
also one of the skills recognized talent growth ability model. The PEST analysis has to
conduct by the management of an organization to find out the taste and preference of the
market and customers needs. This helps the Tesco to gain the customer back in market in
Covid-19 situations (HUSNI and DAFIK, 2018).
Political Factor: As trading companies operate around the world, international political
factors have a significant impact on Tesco's development. This includes excise duties, laws
and of-course, the stability of the nation in which it operates. Due to the ongoing economic
uncertainty in the world, many governments are inspiring retailers to create jobs for locals.
As Tesco plays a role in creating employment opportunities, demand for products is
increasing and the workforce is diversifying. The Tesco have to follow the guidelines of the
government which is related to Covid-19 and these guidelines have to implement in the
organization (Sergi, 2019).
Economical Factor: These factors are Tesco's main concern as they are most likely to affect
costs, demand, profits, and prices. Therefore, companies should be aware of policy changes
such as: B. Changes in taxation or other factors that may affect the accessibility of finances. It
is important to note that while the business is growing internationally, the company remains
heavily dependent on the UK market and has a market share of approximately 30% in the UK
market. The Tesco have to maintain the economic factor in the UK, by its production and
earnings.
Social Factor: Trends suggest that UK purchasers are shifting to bulk and one-stop shopping
due to various social changes. As a result, Tesco has increased the number of non-food
products it sells. The types of products and services consumers seek are largely influenced by
their beliefs and attitudes, which are influenced by social conditions. As customers become
aware of health issues and constantly change their attitudes towards food, Tesco adapts to
these changes by meeting the demand for organic products (Lombardi, 2019).
Technological factor: Technological developments have opened up many new opportunities
for Tesco. The two most prominent are the development and adoption of online shopping
with delivery options. Second, self-checkout provides customers with convenience and ease

of use, resulting in reduced labour costs. In addition, Tesco has invested heavily in energy
efficiency projects to meet its long-term goal of reducing carbon dioxide emissions.
CONCLUSION
The above report concludes that how the organization is affected by the 21st century in the
market. In covid-19 situation how the organization has to suffer from lots of problem in the
market and what measure steps are to be taken to precure and minimise the loss. The
organization is taking the initiatives which help Tesco to grow in the market in pandemic
Covid-19 scenario the management have to conduct pest analysis which help the organization
to know the taste and preference of the market and customer needs.

REFERENCES
Books and Journals:
Popkova, E.G. and Gulzat, K., 2019, May. Technological revolution in the 21 st century:
digital society vs. artificial intelligence. In Institute of Scientific Communications
Conference (pp. 339-345). Springer, Cham.
Megheirkouni, M. and Mejheirkouni, A., 2020. Leadership development trends and
challenges in the twenty-first century: rethinking the priorities. Journal of Management
Development.
Gunasekaran, A., Subramanian, N. and Ngai, W.T.E., 2019. Quality management in the 21st
century enterprises: Research pathway towards Industry 4.0. International journal of
production economics, 207, pp.125-129.
van Kemenade, E. and Hardjono, T.W., 2018. Twenty-first century total quality management:
the emergence paradigm. The TQM Journal.
Dardot, P. and Laval, C., 2019. Common: On revolution in the 21st century. Bloomsbury
Publishing.
Sergi, B.S., 2019. Tech, smart cities, and regional development in contemporary Russia.
Bingley, UK: Emerald Publishing Limited.
Lombardi, R., 2019. Knowledge transfer and organizational performance and business
process: past, present and future researches. Business Process Management Journal.
HUSNI, H. and DAFIK, Y.F., 2018. Management of Islamic Higher Education in the 4.0
Industrial Revolution. Educational Review: International Journal, 15(2).
Funk, V.A., 2018. Collections‐based science in the 21st century. Journal of Systematics and
Evolution, 56(3), pp.175-193.
Kamphuis, J.W., 2020. Introduction to coastal engineering and management (Vol. 48). World
Scientific.