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.
Nobody downloaded yet

Review of Business Case and Environment of Tesco in Regards to Training and Development - Essay Example

Comments (0)
Summary
Review of Business Case and Environment of Tesco in Regards to Training and Development Background of Tesco Starting out in 1929, Tesco has grown to become the largest British retailer and third in the world. Its business operations spans across Europe, USA and Asia…
Download full paper
GRAB THE BEST PAPER
Review of Business Case and Environment of Tesco in Regards to Training and Development
Read TextPreview

Extract of sample
Review of Business Case and Environment of Tesco in Regards to Training and Development

Download file to see previous pages... The net profit before tax of Tesco is approximately three billion British Pounds (The Times 100 Business Case Studies, 2012). Business Environment of Tesco In the opinion of Henry 2008, p.6, business organizations face “a constantly changing external environment and need to ensure that their own internal resources and capabilities are more than sufficient to meet the needs of the external environment”. The SWOT analysis is a suitable framework for identifying strategies to exploit changes in the external environment based on internal strengths of a business organization (Hill & Jones, 2008, p.19). Leigh 2010, p.115, defines the SWOT analysis “as a process by which a group of stake holders (a) identify internal and external inhibitors and enhancers of performance, (b) analyse those factors based on estimates of their contributions to net value and approximations of their controllability, and (c) decide what future action to take with regard to those factors. SWOT Analysis of Tesco Strengths Opportunities Proactive remuneration policy Competitive markets Employee stake in organization Resilient Asian markets Training and development focus Improving American markets Weaknesses Threats Non-standardized application of Recession in European markets HR policies Rising consumer pricing demands Wide range of training needs High employee wage bill (Adapted from Haerifar, 2011, p.12-13). The PESTLE (political, economic, social/cultural, technological, legal and environmental) analysis is suitable way to look at the macro-environment or the “the set of factors that are not specific to an organization or the industry in which it operates, but that nonetheless affect them” (Haberberg & Rieple, 2008, p.105). The main PESTLE element impinging on employees at Tesco is the economic recession and the slow-if-any recovery. Consequently, Tesco is reducing employee resources outside its headquarters in UK and shifting that work to its Headquarters. Thus, employee staff will need to be trained to take in these new responsibilities likely to be shifted back from overseas operations (Mulligan, 2010). Porter’s Five Forces Model helps to identify competitive forces and their activities in the external environment. According to Hill and Jones, 2008, p.42, Porter’s Five Force Model is made up of “the risk of entry by potential competitors, the intensity of rivalry among established companies within the industry, the bargaining power of suppliers, the bargaining power of suppliers and the closeness of substitutes to an Industry’s products”. From the perception of human resource management, it is quite likely that competitor’s may choose to use more economical labour from the Eastern European countries to reduce their wage bill in this period of poor economic growth. Tesco will have to factor this possibility in its HR practices (House of Commons Trade and Industry Committee, 2007, p.53). Training and Development at Tesco The ‘one stop’ shopping experience that Tesco offers its customers means that in addition to a wide range of products, it also offers a wide range of servicers from its outlets to its customers. Hence to cater to this need the work force of Tesco at its outlets needs to be knowledgeable, skilled and flexible (Vance & Paik, 2011, p.219). At Tesco training is provided to its employees that allow them to choose their training towards getting specific retail qualifications to ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The analysis of business environment of TESCO
Being one of the leader the vision of the firm depicts the goal of the company i.e. what exactly Tesco wants to achieve in the long run and to which direction the company is growing its business. The mission is the area to which the company wants to operate their businesses and the target customer for the company to serve.
12 Pages(3000 words)Essay
The Global Business Environment Meeting Challenges
Quality food at affordable prices with its prime agenda, Greggs currently holds a 1 million customer base and operates through 1500 shops around the United Kingdom The shops of Greggs are infiltrated around the streets of UK, local shopping parades and currently concentrated in the retail, airports, universities, bus rail interchanges, industrial arenas as well as in diverse locations explored by the people for living, work and squander their leisure time.
12 Pages(3000 words)Essay
Business case and environment
The company presently has one shop only at Calgary. The company has an HR and admin, marketing and sales, Finance and systems department. There are only two dedicated staffs belonging to the HR department. One of them looks after operations where as the other employee looks after recruitment and selection.
20 Pages(5000 words)Dissertation
What part does ethics play in food marketing
What Part Does Ethics Play In Food Marketing? Ethics can be defined as well-founded standards of prescribing what human beings ought to do in terms of rights, benefits to the society, fairness, obligation and specific virtues. Standards of ethics may include virtues of honesty, loyalty and compassion.
12 Pages(3000 words)Essay
CASE STUDY ASSIGNMENT DORCHESTER HOTEL
As such, this report seeks to evaluate different human resources related issues in the operations of Tesco, a UK based supermarket chain. The report begins by outlining the background and description of the human resources practices at Tesco followed by an analysis of different HR practices in this organisation which include the following: recruitment, retention, training and development as well as performance management.
19 Pages(4750 words)Essay
Tesco Company Pestle Analysis
Cohen inaugurated his first store in 1929 in Edgware’s Burnt Oak in Middlesex. Floated in 1947 for the first time in the London stock Exchange under the name Tesco Stores Limited, a store dealing in self service was opened in the year 1956 in St Albans.
8 Pages(2000 words)Essay
Business environment jewellery, organic food and tesco
At the Equilibrium Point, the number of people that want to buy at that price ='s the number of people that want to sell at that price High conglomerates have the capacity to project themselves in key locus points attracting customers and promote their Jewellery designs through advertisements to acquire the customer interest at the expected level achieving brand loyalty.
6 Pages(1500 words)Essay
Macro-environment challenges of Tesco

The author states that Tesco launched the different programs to ensure customer satisfaction, and loyalty.  It launched their Fruit and Veg Pledge – they offered at least five fresh fruit and vegetable products at half price every week during the whole of the year, extended their range of whole foods to include an even wider choice of pulses.

9 Pages(2250 words)Essay
The Business Environment of Tesco Plc
The phenomenal success of Tesco as a retailer is recognised even in the global arena. The company is named the world's third largest retailer lags behind Wal-mart in terms of global sales while staying ahead of other retail giants like Carrefour, and Home Depot (Tesco Plc 2008).
6 Pages(1500 words)Case Study
Analyze the HR system in Tesco in the following area training, development ,planning , recruitment and selection.(in the UK)
This report analyzes the Human Resource policies at Tesco and discusses and reviews their practices. For better understanding, we shall study the HR
2 Pages(500 words)Essay
Let us find you another Essay on topic Review of Business Case and Environment of Tesco in Regards to Training and Development for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us