Table of Contents
2.0 Company overview.
3.0 Leadership styles and theories.
3.1 Leadership styles.
3.2 Leadership styles applied in Tesco.
3.3 Leadership theories.
3.4 Leadership theories applied by Tesco.
4.0 Organizational culture & diversity policies.
4.1 Organisational culture and Tesco’s culture.
4.2 Workplace diversity and management system of it Tesco.
Aditya (2018) noted that leadership indicates the leading system of the followers for achieving the goals. Leadership has great importance and many of the leaders mention the meaning and importance of leadership in the business field. Sheryl Sanberg, COO of Facebook said that leadership is about making others better at the time of presence but feeling bad for others at the time of absence. Elon Musk, founder of PayPal and Tesla also stated that leaders are a very important person who gives think and advice to the followers for attaining the business goals. This paper focuses the leadership styles and approaches. Then, it describes the organizational culture and diversity policies of the business firm. All theatrical concepts of leadership are described on the basis of Tesco.
2.0 Company overview
Tesco is the largest retailer in the domestic and global market. This company is established in the UK and this company has covered 11 countries all over the world. The head office of the company is situated in Welwyn Garden City, Hertfordshire (Tesco, 2020). Normally, this company has several product dimensions including groceries, foods, and clothes with 6,800 shops. This company has more than 450000 staff for running the business operation in several markets. The market growth of this company is very attractive and high by which this company gets the first position in the retailer industry. The revenue was £63.911 billion and the net profit was £1.320 billion in 2019 (Tesco Annual Report, 2019). The leaders and managers of Tesco are highly effective by which they can be made effective plans and implement them in the business area.
3.0 Leadership styles and theories
3.1 Leadership styles
Leadership styles are classified as various types including autocratic, democratic, laissez-faire, transactional and transformational leadership (Sveningsson, 2018).
Sinangili (2018) stated that autocratic leadership indicates the boss-type leadership technique where the followers don’t have any chance to give suggestions to the leaders and leaders do not respect the suggestions of the followers. The boss is only responsible for making decisions to find the best outcomes of the teamwork (Koopman, 2018). This leadership brings de-motivation to the employees in the business firm. However, this style is appropriate when the followers neglect the guidelines of the leaders.
Democratic leadership indicates the participative leadership technique where the followers can give suggestions to the leaders and leaders respect the suggestions of the followers for finding the best outcomes of the teamwork (Koopman, 2018). This leadership brings several motivational outcomes for a business firm. However, this style is not appropriate in all circumstances because it increases the power of the followers.
In the case of liaises-faire leadership, the leaders give more freedom to the followers by which they can take decisions on their choice and implement the decision in the organization (Koopman, 2018). This leadership is suitable when the subordinates are more qualified and able to take the correct decisions from their own knowledge and experience.
In the process of Transactional leadership, the leaders promote compliance by followers through both rewards and punishments (Koopman, 2018). By using the combination of rewards and punishments, the leaders can easily manage the followers.
In the case of Transformational leadership, the leaders motivate employees to innovate and create change in the business model by which the employees can increase their innovative and creative ideas (Koopman, 2018).
3.2 Leadership styles applying in Tesco
There is various leadership style practiced in Tesco Plc for operating its business and managerial activities. Tesco follows different leadership styles for different purposes for accomplishing the goals and objectives of the business. In general, various leadership styles are followed by Tesco Plc such as democratic leadership style, autocratic leadership style, liaises-faire leadership style, transformational leadership style, charismatic leadership style and so on (Tesco, 2020). When Tesco wants to do any special work under the supervision of one man and the area of work is small, Tesco applies an autocratic leadership style for accomplishing that work by one-man supervision. When the Tesco wants to take long term decision for greater area of activities, the Tesco apply democratic leadership style for consulting the upward and downward employees for taking the decision.
Tesco usually takes special decisions by consulting subordinates and sharing with them for taking any vital decision concerning the company goals and objectives. In some cases, Tesco follows a liaises-faire leadership style such as increasing productivity, motivating the manpower and so many. Charismatic leadership was also followed by Tesco when the company needed to take any charismatic decision for acquiring the goals of the company (Tesco, 2020). On the other hand, the transformation leadership model is a special leadership model which is followed by Tesco very much strictly because the transformation leadership style indicates that the company is always sustainable. For this reason, the leadership and managerial activities of the company are always transferrable for the next generation……………………….