Context of Business Assignment Example at The Tesco (GC0726)
Table of Contents
- Introduction.
- A brief history of TESCO PLC.
2.1 Rationale of the study.
- Vision, leadership style, and management practices and the various strategies of Tesco PLC.
The vision of TESCO PLC.
Leadership styles and Leadership style of Tesco.
Management theories and Management practice of Tesco PLC
Strategies of Tesco PC.
4.0 Implication of leadership style and management practices and the various strategies of TESCO PLC.
- Recommendation.
- Conclusion.
- References.
1.0 Introduction
The brief discussion of the style of leadership, the practice of management, and the various strategies of the retail industry in the UK are the key objectives of this assignment. Especially; this assignment focuses on the style of leadership, the practice of management, and the various strategies of Tesco PLC. Tesco PLC is one of the largest retail industries in the UK. This assignment firstly represents the brief history of TESCO PLC and the rationale of the study. Then this assignment states the vision of the TESCO PLC, leadership style and management practices, and the various strategies of Tesco PLC in the second part. Then this assignment mentions the implication of leadership style and management practices and the various strategies of Tesco (www.tescoplc.com). Finally, this assignment states recommendations to develop the leadership style and management practices and the various strategies of Tesco.
2.0 A brief history of TESCO PLC
Tesco plc is a British multinational groceries and general merchandise retailer. The headquarter address is Welwyn Garden City, Hertfordshire, England, United Kingdom. The position of Tesco in the world is 3rd as a retail industry. It has 6,569 shops all over the world (www.tescoplc.com). Tesco offers various types of services including credit Card, Tesco Mobile, Tesco Home-phone, Tesco Broadband, etc. It provides services to customers as supermarkets, hypermarkets, and Superstore & convenience shops. The net income of Tesco in 2018 was £1,208 million. It has 460,000 employees who are working in the different shops of Tesco (Tesco Annual Report, 2018).
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2.1 Rationale of the study
The brief discussion of the style of leadership, the practice of management, and the various strategies of the retail industry in the UK are the key objectives of this assignment. Especially; this assignment focuses on the style of leadership, the practice of management, and the various strategies of Tesco PLC. This assignment helps to understand the process of leadership styles and management approaches for accomplishing the goals of the firm. In this competitive age, business firms need to use the best approach of leadership to lead the employees (Binney George, 1992). The implementation of a better leadership style helps the firm to satisfy the employees and achieve the targeted goals of the firm.
The management procedures also play a vital role to influence the goals of the firm. The proper implantation of the functions of management ensures the success of the firm effectively and efficiently. The competitive strategy of the firm also is important for the firm to survive in the competitive market (Cherry, 2012). For identifying these factors, this paper selects Tesco PLC that is the third-largest retail company in the UK. The success of Tesco PLC largely depends on the appropriate use of leadership techniques and management processes as well as various competitive strategies. For this reason, this topic of the assignment has great importance in the modern business era (Luthans, 2015). This assignment also is helpful for Tesco to use the right leadership techniques and management process as well as various competitive strategies for attaining the predetermined goals of the firm…………….
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