INTRODUCTION: The summation of activities that a business expects to carry out in order to attain longstanding objectives can be defined as organizational strategy. Combined, these activities forms a business’s strategic plan. Strategic plans are developed by various level of management. Superior organizational strategy are generated by the top level management whereas the middle level management and lower level management of the company implements objectives and strategies to accomplish the complete strategy gradually. Based on the mission of the business the organizational strategies are put into words. To carry out this report we have selected a company named TESCO which is a worldwide grocery and universal products dealer founded in the year 1919. Worldwide in terms of profit it is considered as third leading retailer and in terms of revenue it is regarded to be the ninth leading retailer. Tesco has expand geographically from the time early 1990’s and into sections like electronics, furniture, and internet services etc. Critically evaluate the organizational and cultural environment of TESCO and identify key capabilities and resources. Organizational culture can be defined as the office atmosphere articulated from the communication and relations of the staffs in the workplace. The cultures in organization is defined by strength, life experiences, education, and weakness and so on of the employees. Despite the fact administrators and senior managers perform a great part
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Strategy means the approach, plan and knowledge that is used to move in the direction that will allow the company to satisfy the customer’s wants and needs, and obtain their goal, while reaching and maintaining an economical benefit over the competition (Defining Your Business Strategy, 2016). It can further be defined as a means of evaluating at what success level they are currently sustaining, and what success level they desire to obtain and the means they will need to use to get to their desired level (Bryson p. 11). A practical understanding of the value that strategy brings to an organization, is the course that the company is to take and the positioning that the company has for the future, and very possibly survival in a very competitive
Organizational culture : Organizational culture refers to a system of shared meaning held by members that distinguish the organization from other organizations. In the case study of Chipotle, the highlight of its culture is providing a path for the employees to advance and gain more salaries. It makes the employees the motivation of working hard, which may lead to the operation of the restaurants being more efficient. That makes the differentiation between Chipotle Mexican Grill Restaurant and other fast-casual restaurants. However, the differentiation may not be sustainable because other companies may learn from it.
- Capacity”) “Organizational culture affects all aspects of your business, from punctuality and tone to contract terms and employee benefits.” (“Organizational culture: Definition, importance, and development”) When the organization’s culture is in line with employees, they are more likely to feel more comfortable, supported, and valued. Asking questions like, “How does the company award its most efficient employees?
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.
Organizational culture is the foundation for organizations to strive and maintain success. Its structure of standards, include planning of human resources, management, health and safety, and the like. Organizations depend on these tactics to gain revenue, marketing strategies, and satisfaction of employees, and build relationships. Management should also be involved to create positive work environments, demonstrate great attitudes, and effective communication to its employees. The organizational culture at Walgreens is based on a variety of components within the organization.
Tesco’s Ownership Tesco’s ownership is a PLC which means Public limited company. Because of this Tesco can easily expand and therefore go global, this is because, if they are a PLC then anyone from around the world can buy shares in that company, thus meaning that Tesco has more capital to invest In their company or other branches around the world, this also causes them to be global. Advantage One of the major advantages of Tesco being a public limited company is the fact that they would have a good status; this is because shareholders would want more dividend/yield from their shares and so they would be spreading the word about Tesco, in addition to this, the more shares people buy the more capital Tesco has to invest in their company to expand it and create other branches.
There are different organizations having their own organizational culture. They have unique organizational culture due to their company strategies. Some organizational culture is perennial and some are only for short term planning. However, a strong organizational culture is one of the major factors that makes an organization to be successful. In the essay, I will analyze strong organizational culture that can increase the overall performance of a firm and utilize different theories to support the views.
According to Tesco’s strategic report, the total sales for the year was 69.7bn and profit was 1.4 bn and Tesco Plc.’s net debt was (8.5 bn), these information will be helpful to some of Tesco’s primary stakeholders like the owners and the investors; as owners, they would want to know the position of the company and also will help them determine any future course of action and Investors want to make sure they can earn a reasonable return on their investment before they commit any financial resources to the company. Tesco plc. ’s strategic report also showed the number of employees and the number of shops around the world, which was 517802 and 7812 respectively. Tesco used 6 simple performance indicators instead of the steering wheel method, which they thought was too complex.
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.
The organisational culture is a set of certain assumptions, values, and norms being shared by the members within an organisation. Employees are informed about the importance of an organisation through the values helping in increase of organisational effectiveness. The culture is also known for performing different functions within an organisation. The organisational culture has influence on the organisational behaviour and other aspects of management that are important to understand for management (Bell & Smith, 2010). For this reason, the purpose of the paper is to provide the analysis of organisational culture, management practices, motivation and performance, group dynamics, and conflict management within Tesco.
There are many different definitions of workplace culture. Charles Handy an Irish author/philosopher specialising in Organisational Behaviour and Management famously said that, “Culture is the way we do things around here,” but if someone was on the outside looking in how would you explain that to them. Would you have to be working there a long time yourself before you could see “how things work around here”. Because culture in an organisation is what makes it unique, it’s the personality, the attitudes, and the way we interact and relate to each other these are the things that attract the best and Brightest talent to a company. So, if an organisation has a “strong, positive, clearly defined and well communicated culture with strong core values” (Deloitte) that company is onto a winner.
a) Importance of Organizational Structure and Culture Organisational Structure The structural plan that decides hierarchical arrangement in an organization is the Meaning of organizational structure. It describes the methods of work distribution, orientation and other activities such as management to gain the are carried out in order to achieve goal of organization. Organizational structure mainly divided into three. 1.
Introduction Organizational culture comprised of values, beliefs and ethics which motivate the employees to communicate with people. The main stability and outcomes of people based on organizational culture. The employees are expected to adopt these assumptions and innovation for precise their attitude and behavior according to the best alternative orientation. In every organization there is a positive environmental factors and some negative factors as will for example every employee in a organization not performing well due to some behavioral factors and lack of organizational commitment.
It is the planning before the action. In includes many activities like making decisions, making strategy for organization etc. At this time strategic planning is an important part of strategic management. Strategy describes how the goal achieves by using the available resources or what kind of resources they need to achieve the goals. This strategy is used when the organization wants to set the goals and wants to make the planning to achieve these goals by available resources.