Tesco Conquers the World of Retail Industry - Essay Example

TESCO CONQUERS THE WORLD OF RETAIL INDUSTRY FROM HUMBLE BEGINNINGS… JOHN COHEN (1919) Founded TESCO in England as an establishment to sell surplus groceries in a small community. The brand became a social status and people began acknowledging the store and its product around England until the 1960’s towards 1950’s when it already owns at least 800 stores around the country. Apparently, in this particular presentation, the importance of starting out a possible sense of branding for the launching of the new product is certainly a huge part of the preparation for the company’s product introduction in the market during the beginning of the business towards its future. Believably, through primary assessments and major preparations, the organization likely was able find the right procedures available in the industry that are most likely capable of bringing in the most effective approach in marketing the main products offered by the company to the market. Ever since the time when it first began, TESCO held a fine reputation. Through the branding that it had carried along with that particular reputation, the business was able to grow as fast as expected thus making it possible for the business to be known worldwide up until the present years of modern international commerce system. HOW TESCO EMBRACED GLOBAL GROWTH Global growth was one among the most important things that the organization tried to consider .As member of the fastest moving industry in the international commerce, it was indeed a challenge to get along with the flow of competition that they are in. Hence, to be able to meet with the major demands of the industry, TESCO administration tried their best to utilize the best resources available found both in the internal and the external environment of the business so as to be able to handle the emerging competition in the industry that they are involved in. This includes the mandate on the part of the administration to handle the needs of the people within and outside their organization so as to make it possible for the said stakeholders to work well for the organization and vice versa. HANDLING THE NEEDED CHANGES FOR A BIGGER CHAIN OF STORE OPERATIONS …. One of the largest operations that the TESCO business needed to handle was worldwide recognition from the different countries around the globe which poses as one among the most important prospective of the business to be able to expand their market influence. Through this, the implication of the different procedures of expansion had been given way to extend the reaches of the business towards the further ends of the earth. And one way of doing so involved the establishment of several branches within the area of their target market. This resulted to annual increase of profit and sales in the market however accompanying it was a larger expense towards transportation and product shipment. True, dealing with the matter was not easy. However, through strategic management, the issue was effectively given careful attention hence making a great impact on the status of the business right now in the world economy. EMBRACING A NEW E-CULTURE As mentioned earlier, the Internet has mostly invaded the entire human activities, and in this manner, even business transactions became a new approach of the Internet to invite surfers to appreciate the business services available through the cyber space. As an example, a common resource provided by the Internet is a worldwide system for sending and receiving electronic mail, known as E-mail. In fact, E-mail represents a large portion of all Internet traffic and is for many the only Internet resource they use. In this manner of transferring data, many business companies are able to transact with their consumers from other parts of the world simply by posting the details of their company through the net for international viewing. After which, the consumers who are interested in their products or services are able to have options of ordering for services and products offered by the said company and pay for the provisions through wire transfers and other bank to bank transactions. How does this benefit the company? In a vivid description, the company is able to advertise and reach a vast number of consumers around the globe, making it possible for them to accumulate more and more sales revenues from their Internet marketing strategies. Through the animated presentations, the company is also able to make a clear presentation of its missions and visions which makes its reputation more acceptable for the consumers as well. Aside from this; the company is able to ensure its consumers with fine service without actually having to personally deal with them. Thus, this paves way to a more effective consumer communication since all the necessary details they need to know about the company or the product they ought to have is available within a click of the finger. Thus, the company is able to give its consumers a fine service at their own convenience. Knowing this, since the manufacturing company named B&H Incorporated is a computer manufacturing company, it is indeed necessary for them to upgrade to becoming a click and mortar type of business organization. Many consumers needing computer paraphernalia and other products in connection to computers usually check the Internet for necessary information. PREPARING FOR MORE!!! TO prepare for the future, TESCO gears itself with the most innovative procedures of management in collaboration with the effective use of technology thus allowing the entire system to be innovated towards more business success for the coming years. THEORETICAL BASIS OF DEVELOPMENTS ‘ The System of System Methodologies primarily rearrange the procedural approach within the different issues that certain organizations are facing. Most likely, the system that is suggested by the SoSM is chosen basing form the different elements that are contributing to a certain organizational issue. As for example, in some companies the determinants of the situation could be noted as the cultural and individual diversity of the employees leading to separate goals from each other making unity hard to achieve within the said Company. (Yolles, 2005) Hence, by knowing what the issue’s determinants are, the pattern of SoSM could be identified well as to how effective it could be on the Company upon application. The effectiveness of the chosen procedure however depends on the understanding of the primary people involved within the issue of the system that has been chosen to be applied within the organizational reformation. (Leonard, 1999) Meanwhile, VSM or Viable System Model refers to the pattern by which the procedures of solving the impending issues are based upon the capability of the people to live within certain measures of tolerance. The developments of the issue’s solution are primarily directly affected by the fact that the conditions of motivation of the people of a certain organization depends on the condition or state of treatment that they receive from the management. (Leonard, 1999) In some cases, it could be noted that although the sections of the organization are well assisted by the appointed officials in each group, the system of organizational motivation has been disregarded by the organization because of the fact that they opt to attend to other things, which they consider to be of much more importance than organizational motivation. They neglected the fact that although the employees are given the chance to interact with the management, their lack of unified pursuance of a single goal for the organization results to the entire company’s weakness in terms of business transactions and activities. Variables are expected to have different impacts within a group. The usage of the metaphor of meaning in this case supports the needed strength of the solution to help VSM workout. As mentioned earlier, the metaphor of meaning helps in the strengthening procedures of the right motivation of the people within a certain group. Hence, the VSM application of the solution helps in building up an organization that allows the people see the goals of the entire group as one. This particular organization shall be derived from the basic variables that are to be identified through the utilization of VSM procedures. When the organizational goal has already been reestablished and has been primarily outlined clearly for others to comprehend with, the goal of each individual based on their personal needs becomes secondary, and the group goals of the organization becomes the primary concern of each employee. True, the theoretical basis of changes occur every now and then and taking into consideration these basic facts had been proved directly useful for the development of TESCO from the years it began and onwards. Employment Diversity Activity Management Evaluation of Solution Effectiveness From the discussion made above and the model patterns that were displayed, it could be observed that the application of the solution of creating possibilities for the employees to realize their worth to the organizational progress thus encouraging them to work well in unity towards the fulfillment of the organization’s goals could be expected to gain success in the future. The careful application and utilization of the metaphorical theories that have been mentioned herein could help well in helping the management fulfill the task that they are supposed to do in motivating the employees to work as one organization. Gaining a Better View on Applying the SSM Procedure The integration of the SSM application in this particular situation certainly strengthens the already existing procedure of solving the problem. SSM primarily focuses on the cultural aspect of the issue. Since the employees are expected to have come form different cultures, it is simply acceptable to expect that the people within such an organization have their own goals with regards the basis of their particular traditional origin. It is believed that the way a person is brought up sets the personality that he acquires, as he grows older. Probably, the employees are all realizing the fact that they have their own personal needs and demands from the business organization that it overcomes the main goal of the said workers in helping the whole organization battle the odds through their way to success. Obviously, these types of employees have a certain need of being assured that they are lead by the organization to being able to reach their own goals for them to be completely motivated to appeal to the need that they need to address themselves in helping the organization reach its goals as well. The important factor to consider in this stage is that every individual has a need of satisfaction. The strong impact of being personally satisfied as a worker in the performance outcome of the situation suggests that the organization’s provision of the said needs shall lead to a more focused work force. Choosing the Right Strategy For Business Decision Making Strategic choice as noted as probably the most important process of decision making. It is an undeniably fine application of understanding and research that could make it easier for managers to scale both the advantages and disadvantages of certain solutions that are presented to them as part of the process of dealing with the problems of the organization. Through the application of strategic choice approach, the choices of solution are given ample attention and scaling that needs to be given consideration by every management personnel. It is through this that the managers are able to see what particular solutions are rationally logical to actually apply to solve the troubles of the organization. Without careful application of the process though, strategic choice approach could also result to the subjection of the organization to other situations that may cause further problems. Hence, as a primary process of managerial decision making process, strategic choice approach must be well applied through a well-patterned procedure that should be given attention to by the managers as displayed in the diagram below: Yes, avoidance of further problems to develop from a primary finished decision handled by the management may not be that easy to handle. Strategic choice approach in the process of solving problems of an organization may be the most effective application available however considering it for further business enhancement and problem solution activities, however, the application should be well tracked as to its accuracy and efficiency to assure that the problem is well treated with. THE THEORIES PLACED INTO ACTS GIVES BETTER CHANCES OF DEVELOPMENT FOR TESCO Tesco as observed through the presentation is a huge organization that has managed to develop from being a small business entity to becoming an internationally known business that is able to carry out their operations in a manner that is most effective in bringing them the values that they deserve as part of the retail industry. From the history of the organization towards the present situation that it is under as well as the future that awaits it, it could be observed that the use of theoretical guidelines presented gave TESCO the chance to uphold its values while dealing with the international competition it is actually under. References Read More