This report provides a comprehensive analysis of Tesco's strategic management, examining the processes used to determine its strategy, including initial assessment, environmental scanning, strategy formulation, implementation, and monitoring. It evaluates the critical models and tools employed, such as SWOT, PESTLE, and Porter's generic strategies, and applies these tools to assess Tesco's internal and external environments. The report highlights Tesco's strengths, weaknesses, opportunities, and threats, as well as the impact of political, economic, social, technological, legal, and environmental factors. Furthermore, it explores how Tesco utilizes cost leadership, differentiation, and focus strategies. The report concludes by emphasizing the importance of change management, discussing its impact on costs, risks, and sustainability within the organization, thereby offering a holistic view of Tesco's strategic approach and its adaptability to dynamic market conditions.
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