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Management Principles: TESCO Add in library

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Questions:

Task 1

Briefly explain: manager, management and organisation. Assess the significance of managers in achieving organisational success for a company of your own choice.

Task 2

Analyse how size and strategy of a company can affect its organisational structure? Support your answer with relevant examples.

Task 3

Scenario:

Tesco has said it will close 43 unprofitable stores across the UK, The firm is also shelving plans to open a further 49 new "very large" stores. Additionally, Tesco is closing its staff pension scheme, will make cuts of £250m and reduce overheads by 30%.

Shares in Tesco rose by more than 13% on Thursday, as investors welcomed the company's announcements. It comes after two years of troubles at Tesco, which has suffered falling sales, in another development, credit rating agency Moody's downgraded Tesco's rating by one notch to Ba1, equivalent to "junk" status. (BBC, 2015)

a) Discuss Tesco’s current mission, vision and corporate strategy.

b) Suggest and explain the process that can help Tesco to formulate its corporate strategy for the year 2015.

c) What do you understand by the term “organisational culture”? Can Tesco improve its performance by changing its culture? Discuss.
 
 

Answers:

Introduction

Agnihotri (2014)) outlined that management is basically the art of the perception and also on that basis what any person needs to do and also the seeing which needs to be done through the cheapest and the most possible way. It also necessitates the essentials of all the co ordination of both the resources and also the human efforts which helps the specific organization in doing the achievement of the specific objectives and the goals (Palomares, Martínez and Herrera, 2014). This whole assignment is divided into 3 tasks: in the first task it includes the brief explanation about the topic of manger, management and the organization. It also assesses the significant role of the manger in order to achieve the organizational success (Levenson, 2014). In the second task it does the proper analyze of the affect of the organizational structure with the size and the strategy of the organization (Janicijevic, 2012). In the task it does the critically analyze of the above two tasks on the basis of the mentioned case study.

Task 1

The personnel who is more basically responsible for directing and also to do the planning of all the individual of the specific group, properly monitoring of the works of the team members so that it also can have the capabilities though which it helps to take the counteractive measures which becomes more suitable in respect situations (Levenson, 2014). The manager also possesses some of the capabilities and the powers which include both the hiring and the firing of the peoples (Dauber, Fink and Yolles, 2012). Some of the fundamental roles which the manager needs to follow in respect of the proper guidance of the organization which are mentioned: at first the manager needs to acts as the good leader with the capability of the proper organization of the group or the team and also have the ability to do the proper creation of the effective strategies (Makasi, 2014). The manger needs to also act as an effective mediator between the suppliers and the employees so that the proper basis of the negotiation can occurs with all the available staffs, contractors who are connected with the organization both directly and indirectly (Janicijevic, 2012). The manager also needs to possess some of the capabilities through which it becomes easy to do the proper corroboration of both the mission and the visions of the specific organization to all the employees, stake holders and also the customers (Dauber, Fink and Yolles, 2012). For completing this assignment the organization Tesco is taken into account (Levenson, 2014). Some of the specific roles which the manager needs to cooperate to maintain the proper organization success of the mentioned company are listed below:

 

Operating margin increase

The manager needs to maintain the proper knowledge about the employees of the organization which helps them to give the proper knowledge of the technique to draw the relation between the employees and also the company’s goals and also helps the employees to properly understand and also the setting up of the goals. To do the proper boost up of the productivity of the employees through which it can lead to increase the percentage of the profits and also the operating margins the manager needs to play the crucial role (Makasi, 2014). The manager also needs to maintain the proper engagement of the concerned staffs and the employees in the development of the smart objectives and the goals (Janicijevic, 2012).

Company’s strategies execution

In order to maintain the proper execution of the goal alignment and also allow to maintain the proper visibility of the goals so that it can occurs the quick execution of the developed strategies by doing the proper allocation of the available resources of the various projects. The manger also helps in the elimination of the redundancy of the job and also needs to maintain the respective focus on all the employees through which it becomes easier to achieve the objectives and the goals of the company (Dauber, Fink and Yolles, 2012).

Reduce the employee turn over

The manger desires to earn the business values in more numbers with the proper engagement of all the employees (Levenson, 2014). It also needs to clarify the proper alignment of the goals through which they can take the remedial action of the respective situation and also helps to do the proper creation of the ownership of all the employees which helps the manger to earn the company’s success. With the help of doing the proper management the manager needs to influence the employees by initiating some of the special plans which includes the incentive program, reward programs etc (Makasi, 2014).

 

Task 2

In order to change both the strategies and the sizes of the organizational structures it needs to take account some of the measures which are given below:

Decision making evolution

Evolution help to cultivate the respective organizational structure with the availability of both the power of doing the decision making and also the supremacy power which are more concerned with the help of the top level manger (Levenson, 2014). To take part in the effective decision making, the manger needs to plays some of the major roles through which it deals with all the available perspectives and the issues which the employees are facing in doing the top level management (Dauber, Fink and Yolles, 2012).

Customer interaction

In order to implement some of the new level of the innovative features with both the indirect and the direct interaction of all the customers through the top level management helps them to improve the basic quality of the implemented products of the organization by doing the critically analyzing of the version of the risk, complexity and also the structure of the mechanics (Makasi, 2014).

Values of innovation

To improve the innovation of all values of the manager it needs to do the proper look after of the organizational structure, control of the just in time value and the total quality management etc.

 

Task 3

The organization Tesco put their main focus on doing the business and also to maintain the long term goals of the business. To do the proper illustration of the vision statement of the organization Tesco it reflects on the five elements which includes the innovation, full and the modern ideas of the concerned products, it also needs to do the proper inspiration and the earning of the trust, faithfulness of the communities and the customers. It also concerned with the growth of the proper structures of the concerned opportunities and the business (Levenson, 2014).

By properly analyzing of the mission statement of the organization Tesco it mainly deals with all the basic impression by concerning all the businesses purposes of the organization. It also reflects about the basic objectives and the goals for all the stake holders of the organization. Setting of the mission statement of the organization performs as the basic inspiration of any of the overall principles of all the concerned employees and the stake holders in doing the achievement of the goals and the objectives (Makasi, 2014).

In the context of the corporate strategies of the organization Tesco it takes account of some of the basic features which are mentioned below (Palomares, Martínez and Herrera, 2014):

Valuation of the money: Tesco always needs to commit in doing the delivery of the quality basis of the products with the guarantee of the unbearable prices.

Customer service: Tesco always maintain some of the special focuses on the targeted customers to maintain the unique basis of the products and also needs to compact with the offering of the first class services (Dauber, Fink and Yolles, 2012).

Customer loyalty: with the availability of the first quality of the products and also other facilities customer also reward Tesco with their enough loyalty and also the dedication on a specific organization.

Stores: Tesco always needs to maintain the investment in some of the existing stores and also helps them in the doing the development of the flexibility of the new stores which gives the customers with the availability of the enough stores so that the customers can get the better experience for doing the shopping (Makasi, 2014).

Some of the available key products in the basis of which Tesco formulate their own strategies of the corporate values are given below:

External: concerning of the external environment of the organization it includes the various types of the variables like employees, customers, competitors, trade associations, creditors etc.

 

Internal: in the internal environment of the organization it includes both the weakness and the strength of the organizations which takes the control of the short run variables of the top level management of the organization. By taking account all the internal factors of the organization it mainly deals with the proper assessment of the value chain which includes both the strengths and also the weakness of the business on the basis of the linked activities which helps in doing the generation of the values to the customers (Seal, 2012).

Environmental issues and trends: the issues which have that ability to create an impacts on the organizations are concerned with the both the external and the internal factors. Under the external factors it includes threats, outsourcing etc and then under the internal factors services, needs, skills, resources etc. (Levenson, 2014).

The concerned cultures and the behaviors of the employees of the organization and also the process through which the employees are attached to the concerned nature and the behavior of the organization are conferred as the organizational culture. Under the organizational cultures it includes the norms, mission, visions, beliefs and the assumption of the organization. Organizational culture also includes some of the seven characteristics which are given below:

Teamwork: companies needs to organize all the work activities in a team so that it becomes easy to build up the natures of the team build up inside the organization which helps to place the high quality values in the characteristics of the organization.

Innovation: to maintain the profits of the organization the companies always needs to maintain the innovative natures so that they can introduce the new types of the products and also needs to keep more focus on the improvement of the performance of the employees.

Emphasis on the outcome: it also needs to maintain the more focuses on the outcomes and the results of the organization which helps to create the values and also the importance of the organization (Janicijevic, 2012).

In doing some of the changes of the organizational cultures of the Tesco it helps in the improvement of the performance of Tesco. Tesco also needs to do the implementation some of the new techniques and the innovative features in the context of the organizational cultures so that they can improve their revenues and the values of the organization by implementing some of the new features and also innovating the existing features on the basis of the requirements of the customers (Clausen, Pohjola, Sapprasert and Verspagen, 2011).

Conclusion

The main beliefs of the management are fundamentally the guidelines based on which the organization can takes their essential decisions and also the specific actions of the manager and the managerial role. To give the proper conclusion of the entire task it describes all about the managerial roles, organizational cultures and also some of the aspects of these mentioned factors on any of the specific organization.

 

References

Agnihotri, A. (2014). Corporate reputation based theory of choice between organic, hybrid and inorganic growth strategies. Corp Comm: An Int Jnl, 19(3), pp.247-259.

Clausen, T., Pohjola, M., Sapprasert, K. and Verspagen, B. (2011). Innovation strategies as a source of persistent innovation. Industrial and Corporate Change, 21(3), pp.553-585.

Janicijevic, N. (2012). Organizational culture and strategy. Ekonomika preduzeca, 60(3-4), pp.127-139.

Levenson, A. (2014). Organization design and talent strategies for emerging markets. Organizational Dynamics, 43(3), pp.205-213.

Seal, C. (2012). Managerial Roles and Implications in Emergent Change. Organization Management Journal, 9(1), pp.3-3.

Baker, E. (2014). Leadership and Management—Guiding Principles, Best Practices, and Core Attributes. Journal of Public Health Management and Practice, 20(3), pp.356-357.

Dauber, D., Fink, G. and Yolles, M. (2012). A Configuration Model of Organizational Culture. SAGE Open, 2(1).

Grey, C. (2014). An organizational culture of secrecy: the case of Bletchley Park. Management & Organizational History, 9(1), pp.107-122.

Vizzoto, A., Pereira, B., Campanher, M. and Ravanello, F. (2014). An Overview on the Studies of Organizational Culture in Journals Indexed in the Business Administration Area (2008-2013). FSRJ, 6(1), pp.132-151.

Prictor, R. (2012). The Strategic Quality Manager: A Handbook for Navigating Quality Management Roles in Health and Aged Care. Australian Journal of Primary Health, 18(1), p.88.

Baker, E. (2014). Leadership and Management—Guiding Principles, Best Practices, and Core Attributes. Journal of Public Health Management and Practice, 20(3), pp.356-357.

Jere, M. (2014). Customer Perceptions of Loyalty Programs in an Emerging Market Context. Mediterranean Journal of Social Sciences.

Makasi, A. (2014). The Impact of Operational Customer Relationship Management on Customer Loyalty. Mediterranean Journal of Social Sciences.

Palomares, I., Martínez, L. and Herrera, F. (2014). MENTOR: A graphical monitoring tool of preferences evolution in large-scale group decision making. Knowledge-Based Systems, 58, pp.66-74. 

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