1. What is meant by successful organizations?
A successful organization can be seen from different perspectives, including perspective of leaders or managers, employees or shareholders. Successful organizations are: (1) organizations that prove to make a change in society, amongst people, and in their lives, (2) are well-organized, well-run and well-maintained collaborations between people, (3) considered in which organizations meet all the expectations of both buyers and sellers, (4) organizations in which at the very least, recovers its initial investment and/or earns profit, (5) are collaborations which ensure and improve the lives and livelihoods of societies by providing jobs and futures for people, (6) organizations that bring people together, to make new friends, partners and etc., because
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By being able to embrace diversity and inclusion, workforce is more likely to engage fully by bringing out their ideas and opinions and develop loyalty to its organization which can help the organization lessen labor force issues.
An example of a successful business organization that uses diversity and inclusivity to provide better service for its customers is Tesco. It is UK’s leading retailer, serving millions of customers everyday. Tesco provides banking, insurance, telecommunications services and strong online presence. Tesco has employees of about 300,000 people in the UK. Tesco ensures its customers and colleagues that they are at heart of everything the business organization does.
Tesco works in a competitive and fluctuating market, thus, needs to be proactive to face these changes by finding talented, skilled and diversified employees, seeing as UK is a very diverse society. UK consists of people from different backgrounds and cultures. Changes, such as the demographics, are constantly taking place. Tesco ensures that its workforce has a balance of different
Tesco is an organisation which focuses on customer needs and understands that customers needs are ever changing therefore they always adapt to them and shows why they are at the top. This makes customers want to visit more often and as a result boost's Tesco's sales figures. These excellent sales figures would give me a good return on my
Tesco is amongst the largest food retailers in the United Kingdom (U.K) with over 3,400 stores and staff amounting up to 310,000. Tesco operates predominately in Europe and America with their headquarters located in the U.K. Tesco has the greatest market share in the U.K dominating approximately 28% of the overall market at the end of 2017. However, there is a constant battle in the highly competitive U.K supermarket industry with the four major players being Tesco, Sainsbury, ASDA and Morrisons. In recent years, Tesco has had to change their business model as well as their services to stay a market leader and differ-entiate from the competition. To find the main sources of competitive advantage that Tesco has over its competitors an analysis of the structure of the industry should be under-taken (Porter, 1980).
Recognition: It is important for Tesco to recognize their problem. Although, from Tesco’s perspective, there may not be a flaw with the product or service, it is important to know that their customer is unsatisfied and stakeholders. In order to retain customers every issue must be taken seriously. Their customer must never feel that they are being blamed for the problem.
However, my approach to developing collaboration amongst different organizations would be to understand the unique contributions each organization provides in the local market place. Ecclesiastes 4:12 states “And if one can overpower him who is alone, two can resist him. A cord of three strands is not quickly torn apart.” Often times an organization can be myopic in believing that it can be all things to all people. The ultimate goal is to identify the needs of the people and identify 2-3 organizations who can bring their core capabilities to bear to meet the need.
' The main aim for the firm is to stay as the UK 's leading supermarket and provide good quality services and products at a low cost so that they are cheaper than their competitors. Their objectives are to maximise sales which will increase their profits. They want to decrease their prices to make shopping cheaper for the average household. They want to introduce healthier products which will attract more customers and they want to help reduce food waste worldwide and guaranteeing surplus food goes to those in need. Brockenhurst college has many community values *********** Tesco is a public limited company (PLC) which means the public can buy shares in the firm.
This shows that Tesco has branches in over 14 countries and at least two continents, this would vastly increase the revenue made and therefore profit made, however this could also increase the
TRAINING: DEVELOPMENT: Training is the acquisition of knowledge, skills and competencies as a result of teaching. Training is a program organized by the organization to develop knowledge and skills in the employees as per the requirement of the job. Development teaches how to become more productive and effective at work and at the company. Since Tesco aims to expand and diversify, that required the business to select the right people, in the right place, because customers’ needs and wants are different and the culture of each area varies. Tesco need to have flexible employee who are able to adapt the change in order to satisfy the customer.
Tesco is retail organisation working in the UK and has accomplish numerous turning points that made them the greatest retail supermarkets everywhere throughout the world. The organisation is working with various 67,784 stores in a wide range of nations on the world with a turnover of about £62.284 billion as it is recorded in the year 2015. Business pattern of the Tesco incorporates grocery stores, hyper stores, and superstores alongside their substantial assortment of organic and non-organic item in the business sector. The organisation is recorded in the London Stock Exchange. It is a part of FTSE 100 Index.
Without having a good communication, proper information and effective knowledge company can not get the successes in the market. But the Tesco is the big company in the market. They have already had get the successes in the market so they have to maintain that successes and they are making the higher goals that have to be achieved. Tesco also needed a good communication, effective information and effective knowledge.
- Diversity brings a variety of ideas and viewpoints to the organisation especially when creative problem solving is required. - Diversity increases passionate workers and makes work fun and
The organization I work for, Starbucks is highly diversified. In my opinion, Starbucks successfully employs each of the seven diversity components: “authentic leadership commitment, clear organizational communication, inclusive recruitment practices, long-term retention strategies, incorporating diversity into main work of the organization, diversity management metrics, and expansive external relationships” (CanÌas, Sondak 2014). With that being said, Starbucks could improve by incorporating diversity into main work of the organization. One way Starbucks proves their commitment to diversity is authentic by holding a diverse board of directors. Of the seven board members, three are women and one of these women is of an African descent.
Today’s most business primary concern is retaining workforce diversity. Recognizing the importance of diversity in the organization and effectively manage to ensure the organization and its valuable diverse employees are growing hand in hand. Rising of immigrants’ employment opportunity, joint venturing business globally has equally brought an opportunity for shared values, exchange of cultures and intelligence to widen the opportunity for business enterprise and also a platform for employees to reach target goal.
Diversity management can defined as an activity that recruits diverse employees such as women and minorities into the workforce and it’s also can increase the competitive advantage of the organization. (Stone 2013). By applying diversity management, a more productive environment will be created so everyone would have a feeling of they are being valued and their talents are being fully used resulting in their organisational goals are achieved.. (Kandola and Fullerton 1994, p. 56). Equality legislation helps the employers to know better on how to recruit and treat their employee fairly and also helps to promote diversity in the workplace. (Nibusinessinfo n.d).
Introduction Tesco Stores (Malaysia) Sdn Bhd owns and operates hypermarkets in Malaysia. It offers fresh produce, groceries, household items, and apparel and its own food and non-food products. The company was incorporated on 29thNovember 2001, as a strategic alliance between Tesco PLC UK and local conglomerate, Sime Darby Berhad of which the latter holds 30% of the total shares. Tesco opened its first store in Malaysia in February 2002 with the opening of its first hypermarket in Puchong, Selangor. Tesco Malaysia currently operates 49 Tesco and Tesco Extra stores nationwide.