They have to compare their position and their responsibility in the job field. HR managers in Tesco help the employees to understand what actually they are contributing to the firm. They instruct their employees to understand the work standard and work accordingly. Tesco HR managers provide different training and learning programs for their employees across the word as they come from various cultures and their work style may differ. (Whitelock, 2003).
The economic aspect of an organisation can be illustrated by the economic environment by investigating the business cycle such as growth, inflation, employment and international trade. The management system of Tesco has great concern about the economic environment as it is very significant to influence the entire process of the cost of the product, demand, profit and price of the product. The economic arrangement creates a great impact on the suitable allocation of the respective resources as per the suitability of the corporation. Tesco is the UK’s largest and most resourceful supermarket chain corporation on a global market. Tesco is an international brand, which can be easily understood by its expansion on the global platform.
Corporate strategy is created based on the vision of the organization. This is the most important level of strategy since it is heavily influenced by the investors in the business activities and acts to guide strategic decision-making throughout the business. Corporate strategy is verbally expressed in the company mission statement. Usually, in every organization the top management is responsible for establishing the corporate
outcome and feedback loops to redirects to strategic and operational issues. In successfully Team based organization the complete focus is not only on teams but also highlights the essential role of the managers. Form a strategic vision: Rapidly growing technology and global competition are making the organizations implement new ways to gain competitive advantage. In this new technological era one company masters a new technology and the other company makes the technology advanced. So there is need to catch the flexible changes in the market to meet the customers’ expectations which is essential in drafting organizational strategy.
Unit 1: The Business Environment Task 1: Describe the types of business, purpose and ownership of two contrasting businesses. Tesco is a profitable British global company and is the third largest retailer in the world measured by profits. Brockenhurst is a non-profitable local organisation located in the New Forest run by the government. Tesco 's is the grocery market leader in the UK where it has a market share of 27.8%. (Tesco 's was founded in 1919 in London and Jack Cohen bought a plot of land in 1934) since then the supermarket has expanded.
These three have helped Tesco to gain more customers as these methods are very common nowadays. Technology has a big role on a business’ success as everything is done by it. Legal factors affect the business positively as there are some rules and regulations to follow by Tesco to run a business. There are some important laws such as the health and safety act 1974, National minimum wage act 1998 and sales of goods act 1979. These laws help the business and the employees to be motivated in their workplace and it helps the business to be run smoothly.
Besides, the organisation is likewise one of the organisations that offers internet shopping services to their purchaser and the reason in the quick moving time, when individuals have restricted time to evaluate their life necessities, Tesco 's potential buyers utilise the organisation 's online administration and recovery their time 1.1. Management Functions within Organisation Handy’s Model of Organisational Culture Figure 1: Handy 's Organisational Culture Model Handy’s organisational model of culture helps the organisation to understand the internal culture within the organisation and understand the flow of power among the employees. It is observed that Tesco is among one of the organisations that deals in the international market however, it would be appropriate for the company to focus on their internal working structure so is to increase their work balance
Functional Strategy 9. Environmental Scanning 10. Business Strategy By Implement Programs and putting a program in place makes a strategy action orientated. It may involve restructuring and changing the company’s internal culture or beginning a new research effort. An advantage of implementing program in connection with the corporation’s goals and objectives is that the corporation can outsource a percentage of manufacturing therefore increase efficiency
Tesco’s way of Human Resource Planning is based around many issues relating to the organisation; such as to increase profits, to improve the service they provide and to become more competitive and grow their market share in the retailing industry. Internal planning factors mean things going on inside the organisation which will impact on the human resource requirements in terms of numbers and skills required. An example of an internal factor would be organisational needs. Organisations are constantly changing and their human resources need to be able to adapt. The demand for products will affect the number of employees needed in certain roles.
The manager then addresses them on the skills required for those particular job positions and the training time period which gives the employee an idea of what their upgrade requires and mentally prepares them. This scheme is what helps Tesco achieve their organization aims and assists the employees to gain character and career objectives. However, just like any other topic of discussion carrying out the human resource practices mentioned also has its drawbacks. If not properly implemented, the human resource department and its practices can be a misuse of time and financial resources. For example, if the training conducted does not help improve employee skills then the time and effort put into the training for both the trainer and employee would be wasted.