Tesco's Strategic Management: Analysis, Options, and Evaluation

This report provides a comprehensive analysis of Tesco's strategic management, examining the effectiveness of its existing business plan and the relationship between corporate, business, and operational strategies. It explores strategic models and tools for developing strategic options, including an evaluation of these options using feasibility and strategic fit measures. The report also includes a SWOT analysis, highlighting Tesco's strengths, weaknesses, opportunities, and threats, and concludes with a list of references. The aim is to provide insights into how Tesco can improve its profitability and performance through strategic management practices. Desklib offers a platform for students to access this and many other solved assignments.

STRATEGIC
MANAGEMENT

Table of content
◦ Introduction
◦ Introduction of organisation
◦ Analysation of effectiveness of existing plan of the company
◦ Exploration of relationship among corporate, business and operational strategies
◦ Strategic model and tools to develop strategic options for organisation
◦ Evaluation of strategic options for organisation
◦ SWOT analysis
◦ References

INTRODUCTION
Strategic management can be considered as an ongoing
process which is planning, analysing, monitoring and
assessing different necessities of firm and all these helps
firm to meet goals and objectives of firm.
This presentation includes analysation of Tesco which is
a UK based organisation providing different groceries to
its customers.

Introduction of organisation
Tesco is a successful organisation which has leading
position in marketplace in general merchandise as well as
groceries.
It is one of retailing organisation that offer its products
and service in UK and other countries.
According to current position of this organisation, Tesco is
one of top retailing companies in the UK and also offers
products that are of higher quality to its customers.

Analysation of existing plan of the company
Planning is considered as an important part of an organisation which helps by providing
guidance to business. Tesco is focusing on providing higher quality of products to its customers
in order to meet their demand and requirement.
Company also has various policies which provide them success in market. Focus of managers is
also on effective allocation of resources in organisation on different activities which assist them
for maximisation of profitable outcome and also to reduce wastage in organisation..

Relationship among corporate, business and operational
strategies
◦ Corporate strategy of Tesco is consist different objectives and policies of company which
helps them to fulfil different stakeholder’s expectation.
◦ Business strategy of Tesco is to get competitive advantage in market with satisfying needs and
demands of customers in marketplace.
◦ Operational strategy of Tesco is related to development of higher quality of products and
service which will create higher values for its customers

Strategic model and tools to develop strategic options for
organisation
There are different types of strategic options available for an organisation which can be used by
them in order to improve its profitability and performance. Some of measures adopted by firm
to measure performance of company are mentioned below:
◦ Customers
◦ Internal process
◦ Organisational capacity
◦ Financial resources

Evaluation of strategic options for organisation
There are different strategies options available for firm and in order to evaluate these options, firm can
use different measures which are mentioned below:
◦ Feasibility: Feasibility is one of basis for evaluation of strategies option which measure time taken in
order to implement a strategic option in business. For this, managers of Tesco analyse internal and
external environment.
◦ Strategic fit: It is another option for evaluation which helps to measure attractiveness of offering of
firm. Different types of different types of techniques to be adopted by Tesco in order to adopt strategic
options which suits to organisation.

SWOT analysis
Strength Weakness
It has strong position in market and
has it has global reach.
Tesco has lower operational profit as
in order to compete with other
marketing platers in company, firm is
charging lower prices which decrease
its profit.
Opportunity Threat
Tesco can get various marketing
opportunities by expanding its
business in more countries.
There is increasing competitors in
market which create negative impact
over profitability of firm.

References
◦ Agwu, M.E., 2018. Analysis of the impact of strategic management on the business performance of
SMEs in Nigeria. Academy of Strategic Management Journal, 17(1), pp.1-20.
◦ Aithal, P.S. and Aithal, S., 2019. Strategic Management of Universal Technologies for Redefining
Productivity & Performance. International Journal of Applied Engineering and Management Letters
(IJAEML), 3(2), pp.81-95.