Free

Discussion 1 - Management''s Responsibility - Coursework Example

Comments (0) Cite this document
Summary
Tesco is a British retailing giant that operates internationally including Europe and Asia. Fresh & Easy was initiated by Tesco in the US as its American subsidiary. However, in November 2013, Tesco had to shut down…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.7% of users find it useful
Discussion 1 - Managements Responsibility
Read TextPreview

Extract of sample "Discussion 1 - Management''s Responsibility"

Management’s Responsibility Management’s Responsibility I have chosen to write on the Tesco’s failure in the US. Tesco is a British retailing giant that operates internationally including Europe and Asia. Fresh & Easy was initiated by Tesco in the US as its American subsidiary. However, in November 2013, Tesco had to shut down its business in the US and Fresh & Easy was sold to Yucaipa Companies. In addition, hundreds of employees had to be laid off and many of its stores located across the US had to be closed. Although Tesco seemingly performed well in other parts of the world, it failed badly in the US. There are many reasons that are associated with their failure and the management had an important part in its failure as it could be circumvented.
Firstly, the business environment was risky because the timing of its new venture corresponded with the recession of 2007 when consumer spending had reduced drastically. Secondly, Tesco’s management decision to pull out of the market rather than giving time for consumers to recover from the recession. For Tesco, the external, macro-environment proved to be challenging when the firm decided to launch a new venture in the US. So, its decision making was crucially important for the firm to choose its course in the challenging environment. Many also blame the research and its analysis. Tesco’s interpretation of the collected data ignored the cultural context and the options consumers had if there were one-stop stores. However, the recession had greatly reduced their spending capacity of consumers and even though they had the time to shop at multiple stores, they had little money.
Three best practices for the industry could be:
a. Understanding the cultural context and the consumer habits when deciding to operate internationally.
b. Risk taking increases opportunities however appropriate amount of time should be given for the consumer market to increase.
c. The business environment should be assessed to anticipate uncertainties so as to take the appropriate managerial action.
(2) Caty has pointed out some important information regarding the credit industry. I agree with Caty that the management did not have much involvement in the decision for closing the branch. In this case, the orders came from the head office. Usually, the most profitable branches provide little reason for the corporate management to shut it down however this is not the only criteria for closing down a branch. In BankFirst’s case, the branch location was generating enough revenues to sustain it in the long run however the decision to close it down came from the head office located in another state. Perhaps the bank was trying to cut down its branches in that particular state as part of its strategy to focus on reducing market penetration to allow for another growth strategy.
The credit card industry serves an important purpose as credit providers. Technology is one external factor over which the management has little control over although it can innovate. The advent of technologies such as PayPal, Skrill, AlertPay, and so on, have innovated the way financial transactions occur. In order to ensure a profitable share of the customers’ wallet, companies have to regularly innovate and provide the best customer experience including quick service. Failing to provide the customers with the right and timely services may result in closing down a business as a whole or few branches. In short, many factors decide which branches will be closed. The top management may close down branches as part of its strategic tactics. This reduces the penetration of the market and may reduce growth. In any case, the managerial best practices may help direct decision making so that they serve the purpose of the organization’s goals. Caty has made valid points. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discussion 1 - Management''s Responsibility Coursework”, n.d.)
Discussion 1 - Management''s Responsibility Coursework. Retrieved from https://studentshare.org/business/1659763-discussion-1-managements-responsibility
(Discussion 1 - Management''S Responsibility Coursework)
Discussion 1 - Management''S Responsibility Coursework. https://studentshare.org/business/1659763-discussion-1-managements-responsibility.
“Discussion 1 - Management''S Responsibility Coursework”, n.d. https://studentshare.org/business/1659763-discussion-1-managements-responsibility.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Discussion 1 - Management''s Responsibility

Discussion 1

...Running Head: ADDIE MODEL ADDIE Model Submitted by: XXXXXX Number: XXXXXXX XXXXXX XX – XX – Introduction: ADDIE Model is an instructional design which focuses on the development of instructional programs. Here the model focuses on the development from the start to the end. The ADDIE model is based in five main stages, i.e. Analysis, Design, Develop, Implement and Evaluation. It is important to note here that the stages can overlap and can also be interrelated. This paper aims at identifying activities for each stage and discussing why each stage of the model is crucial for the intervention. Activities of the Model: As explained earlier the ADDIE Model is comprised of five main stages (Tzanis, 2002). Here the main activities... of these...
2 Pages(500 words)Essay

Discussion s

... Latino community during the Zoot suits riots Zoot suit riots were a series of riots in 1943 during World War II. It happened in Los Angeles, California. The Mexican Americans and Military servicemen were the main parties’. This paper will analyze how the Latino communities were represented during the zoot suit era and the end result of the riot. According to the main stream press, zoot suits riots occurred due to unexpected population explosion in Los Angeles, by Mexican refugees. This led to racial differences. The Mexican Americans were expected to remain unseen and unheard in public places. The youths were seen as cultural rebels who went against American values and customs (Pagan, 159). The ethnic press on the other hand... Latino...
1 Pages(250 words)Admission/Application Essay

Discussion 1

...and ultimately eliminate security breaches. Discussion 3: Tell me what is on your mind about Information Systems and operating systems?  What good articles have you read lately? Tell me what you think about this discussion question. Information systems (IS) are “used to capture, create, store, process or distribute classified information must be properly managed to protect against unauthorized disclosure of classified information, loss of data integrity, and to ensure the availability of the data and system” (Information System Security, n.d., par. 1). Operating systems (OS_, on the other hand, is a program that manages the data and resources of the...
1 Pages(250 words)Essay

Discussion 1

... even earn more than their husbands. Here, women have fewer children that they can easily manage, and this allows them to focus on their careers. To the American women, food is not a problem, and they do not spend much time in accessing it. In such societies, processed food is used, and it requires them to buy it, and present it for consumption. This brings out the difference between the two women; the American woman has time to work and contribute to economic development while the woman in foraging society is tied to finding food for the family. References Andersen, M., & Taylor, H. (2011). Sociology: The essentials. Belmont, CA: Wadsworth Cengage Learning.... Task Role of women in foraging and horticultural based societies Introduction...
1 Pages(250 words)Essay

Discussion 1

...Discussion Made in the U.S.A Ethical Issue There are ethical issues, encountered in the case study “Made in the U.S.A. – Dumped in Brazil, Africa, Iraq . . .” , where the products which were banned in US were being exported at about 10 to 30% of normal wholesale price index with an intention to clear or to dump the banned stocks on overseas markets. Manufacturers which dump the product overseas are either motivated by profits or just try to avoid the financial loss. The companies operate just for financial gain without any humanitarian touch and, as a result, there have been cases that have resulted in deaths due to consumption of banned products. Factors to be considered The people or the institutions doing the dumping...
2 Pages(500 words)Term Paper

Discussion 1

... The Cyber Journeys Review Art has evolved overtime. Through art, people portray their cultural beliefs and practices. However, art, as we see it today had to go through various transformational processes to what it is today. The most common forms of art understudy today include paintings, sculptures, visual arts and drawings. Currently, people study art for earning a living, while others do it as a hobby. The evolution of fine art traces back to millions of years ago. Most of these art forms started as people were looking for ways of expressing themselves. The visual form of art, classified as aesthetical or for communication purposes, to express their ideas, emotions or giving a general overview of the entire world. Personally... The Cyber...
2 Pages(500 words)Assignment

Discussion 1

...Music of the World Submitted to [Faculty Department By of Music of the World Five Dances Difference & Similarity Dance is a very essential part of our lives. Interestingly though we don’t know when and exactly how dance became a part of people’s everyday life. But one thing that is certain is that dance has been there ever since the humans came into the world. There was a mixture of sounds and rhythms all around us from the day we came to this world and those different kind of music have been part of us ever since. Those people who are actually not dance lovers and don’t have much of an interest in it can easily still differentiate between various kinds of rhythms as well as genres. After listening to the Goralski dance suite... of the World ...
2 Pages(500 words)Coursework

Crisis Assessment Intervention and Prevention

...Crisis Intervention vs. other Counseling Therapeutic Interventions The field of Counseling and, Psychology in general istruly broad and dynamic to an extent that it is difficult for some to claim mastery and trial of all concepts related to the field. This view attributes to the realization of crisis as one of areas of focus by psychology. Contrary to the normal and widespread understanding of crises as events that lead to suffering or complication of life, psychologists define crisis as results, effects or aftermaths of tragic events that lead to disequilibrium of life and human experiences (Jackson-Cherry & Erford, 2014). Examples of common tragic events that lead to crisis include and not limited to terrorism, suicides... Intervention vs....
1 Pages(250 words)Essay

Discussion 1

...discussion The reasons that were given by Livingston truly reflect different aspects of the need to study religions. Nevertheless, it would not be a mistake that one is able to come up with other reasons that might be added to this list. For example, religious studies may be extremely useful as it will show the way in which religion as a social institute evolved throughout the ages and reflects the peculiarities of the social environment. Considering the above mentioned reasons, I find the second one, namely to overcome ignorance, to be one of the most compelling. Indeed, the very dawn of religion is marked with the desire of a human being to understand phenomena that are though to be out of one’s comprehension. Another...
1 Pages(250 words)Essay

Ethics and Corporate Social Responsibility

...regarding the cultural differences and approaches in different countries within which they operate. Reference List Borges, B., 2009. Marketing 2.0: Bridging the gap between seller and buyer through social media marketing. Tucson: Wheatmark Inc. Brady, A. K., 2003. How to generate sustainable brand value from responsibility. Journal of Brand Management, 10(4/5), pp. 279-289. Brammer, S. and Millington, A., 2008. Does it pay to be different? An analysis of the relationship between corporate social and financial performance. Strategic Management Journal, 29, pp. 1325–1343. Chen, C.H., 2011. The major components of corporate social responsibility....
11 Pages(2750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Discussion 1 - Management''s Responsibility for FREE!

Contact Us