Strategic planning used by tesco

Strategic planning used by tesco This study is focusing on a Strategic planning of chosen organization. And it is the main function that a company is having in the early of their business years. Every organization has its own strategic plan which is unique to the business they are connecting with. We are taking the Tesco PLC as the chosen organization for this study. So we can find out the plans that are set in the Tesco at the initiative stage. And here also it is important to know the Tescos Board of Directors set their strategic plan to accomplish the best organization and the best performing firm in the industry as well. Tesco Private Limited Company Tesco is the British largest wholesaler retailer by global sales and also in UK domestic market. And also it is considers as the worlds third giant. Tesco firstly established in 1919 by Mr. Jack Cohen. But it is firstly appeared as Tesco brand in 1924. Tescos first supermarket was opened in 1956 and it was the first price reduction super market for Tesco. Then the diversify strategies implemented by the Tesco started. And that was the success for Tesco in their business world. The main outcomes expecting of Tesco corporate strategy are as follows, à ¢Ã¢â€š ¬Ã‚ ¢To be the best retailer in the Domestic market. à ¢Ã¢â€š ¬Ã‚ ¢Take necessary action to uplift the UK market. And use the UK market as the model for international business. à ¢Ã¢â€š ¬Ã‚ ¢To be the best in both foods and non food market in all over the world. à ¢Ã¢â€š ¬Ã‚ ¢To be the strongest in other alternative businesses as well such as Tesco Personal Finance, Telecoms and Tesco.com à ¢Ã¢â€š ¬Ã‚ ¢To be the excellent corporate social responsible firm Understand the External environment affecting the Tesco Importance of the External Factors/ major changes in the Tesco and how those affect to the strategic Direction of the Tesco. Any business or organization does not run in an empty environment. Industries when it comes in a competitive market structure. So the organization or the business must act and react according to the environment inside and outside. So this is what we call the analysis of the environment. We have to understand the possible environment changes happening in the external world. It is depend on the degree of the competition. We have to understand the strength of the competitive alternative in the industry to find out the important of the external factors. Any way we have six main environmental factors happening in the external environment. And those factors are very important to examine and analysis when we try to understand the importance of the external factors. Social, major changes in Social factors can be the attitude changes due to alternative products. This will never happens so easily. Economic, this can be changes due to economic rescission or any other immediate down ward of economic factors. The taxation can be also affected the changes in business structure. Legal, if there is any policy changes happen in the structure of the Tesco it will affect the organizational structure as well. Political, the major changes can be happen in the Tesco political scenario. Any way this is very important to handle because the political authority is very important when it comes to the decision making in business. Ethical, this is important when it comes to the changes in moral and the motivation because the human rights or any other case. Technological, changes in technology will lead to the end of any company. Stakeholders of the Tesco PLC The importance of the business is stakeholders. They are the major partners in running the organization. And also they can be very crucial to make the profit of the organization. They will get the profit or loss both have to take in to consideration by the stakeholders. There are few stakeholders we can identify in the business as follows. Customer This is the most considerable stakeholder for any organization in the world. And without these customers there is no organization who can survive with. The customers are directly contributing to the profit and the turnover of the organization. Tesco has a unique blend of customers who can be different from any other people buying ordinary goods. Tesco is the lowest price holder in any part of the UK. So the customer base also is solid for the Tesco. Employees This stakeholder category is the back born of any organization in the world. Without employee satisfaction the organization is useless of making profit. And also we have to make the strategies to uplift the employees quality of life. And there they have to set the directions by consideration the employees as well. Tesco is dealing with the retail market and the services also related with people. So the employees are the most important factor on this regard. Tesco is having 586 retail shops all around in Great Britain. So the Employees factor is the most valuable factor for the Tesco PLC. Shareholders Tesco is there because of the Shareholders. The top they have achieve in the sector of their industry just because of the shareholders. This is the most important stakeholder group in financial purpose. They have the profit share and also the loss share as well. Competitors Food and no food retail industry is one of the biggest industries having in now days. So the complexity of the industry makes more competitors. We can have few competitors in domestic market like ASDA, Sainsbury, and Waitrose. And also the biggest international competitor for the Tesco is the Wall-Mart. So Tesco has more competitive advantages by the others. The UK Government In every successful and giant organization have some political influence. They sometimes have many policies over the firms. So this will make the loss in the organizations especially the organizations have more international relations as well as domestic powerful penetration. Review the Existing Business plans and Strategies of Tesco PLC 2.1 Current Position/ Strengths and Weaknesses The Tesco has many up and down times in their history. We can identify some important factors that will reflect the Tescos historical pathway to the success. And these are the main information that will indicate the todays position of Tescos. Very low population capacity of the Organization The inflation of the food price is so much low Well established and newly opened and fully structured supermarkets all over the country. It is so much hard to get the planning permissions for large Greenfields Three main well strong and powerful Competitors operating in the domestic market There are new store places for all the other well established organizations in the industry So the existing position is as above in the beginning. But the new situation or the position is the other side of the above facts and information. Soothe main strengths now is as follows, High capacity of customer base and the employee base with comparing the others The inflation has grown up the food price and the Tesco gets the advantage of that to grow themselves Fully structured and well established 586 retail stores under the capacity of Tesco They have so many Greenfields other than any other competitor. The Tesco is the No. 1 brand in the UK domestic market. And other competitors may have nothing to say on Tesco and they are sometimes unable to compete with Tesco. The Tesco has a large capacity and the power to handle the market structure some times. Tesco has the large number of stores and the well planned spaces in the food and non food industry in UK We can identify some of the weaknesses in the Tesco as follows, Lack of internal communication Present state is not communicated to the others. Promotion Process incomplete tension may create for the uniform and non uniform workers. Lack of physical fitness for the employees Public education is well needed and the attitudinal change is required. Need diversity training on sensitivity and all must have leadership development and the accountability 2.2 Current business Plans The business plan for the Tesco is very simple and the plan is given by the outcome oriented. So the business plan we can identify the strategic areas. The directional plans subcategories can be taken in to the business plan. The main focus or the objective is to maximise the sales of the Tesco. So to analyse the situation on this regard we have chosen the three main category that the Tesco is used to have in the pats. We can say the three areas that Tesco has followed is given below, Spend more to time and more money to the existing customers and the existing stores. Identify new customers in new channels Newly introduced geographies development But the growth strategies we explain in the above are having some problems and the profitable matters are not supported by the strategies used in the above tactics. So we have to switch the new strategic business plan to penetrate the market deeper. So they have thought the existing customers more and make some strategic business plan according to that. Now they have only focuses on the existing customers, like this, Existing Customers Product Service For the product they have made it two different parts that are segmented private labels and the expanded no-foods, and the services they have switch financial and telecommunication. These are the newly introduced services that Tesco Currently engaged in. Develop Options for Strategic Planning for Tesco PLC 3.1 Strategic Options for Tesco As we all know the Tesco is the worlds 3rd largest retail business organization. So the organization has many strategic options that they have to take in to consideration. Especially the financial side of the company they have to think many strategic options that will suite for the organization. We can identify there are some of the strategic options that Tesco may have and the important thing is that Tesco might have options that they can do anything they want just because they have the reputation and he monetary power. The high capacity of customer base is the biggest advantage they have right at the movement. Any way they may have following options if they want to switch in to any of the following options. Flexibility option we can magnitude the production or the manufacturing in to flexible operations. We can use the existing production and the other stuff in to flexible service and production. This will enhance the net present value of the organization. This can be done by the happening of massive fluctuations in the environmental changes. Growth Option we need to have a self evaluation and monitoring part if we want to find out there are any possibility that we can switch in to the growth option. Tesco need experience some of the stores in the UK although they have more than 1000 stores in the domestic market and the share of 33% of the total market they might need some of their businesses growth. Timing Option although the Tesco has giant improvements in their business they have some implementations to be commence in the time of the growth. So they may use the tactics that they will suddenly go in to some kind of projects that they will get more benefits. So they may use the option of going immediate projects by time to time. 3.2 Future strategic options and the suitable structure for all the stakeholders We can identify these two topics in one angle. The stakeholders are the most important of any business as we mention in the above. So we can use the most suitable structures that we can make the strategic options correctly. We can use the values that will give us the strategic option for all the stakeholders including. Market development this is the main strategic option they have on their hands. And this can be very crucial for all the stakeholders as well. The strategy Tesco use for market development is the joint development and the strategic alliance. Tesco is used t make alliances with the Asian international businesses. This will enhance the business strength of Tesco and it will make more profit share for the stakeholders as well. The other market development option they have is to switch in to the Latin American retail market, hey have already somewhat expanded this in to there. Product development this is the most important title to be discussed with the case of Tesco. They have the option of Diversification strategy. They have to use this strategy that they will get the best sales forever. And all the stakeholders will get the benefits and the employees will also have the chance to be innovative and more productive. Develop a Strategic Plan for the Organization Before developing the strategic plan for the organization of Tesco we have to consider the future goals that Tesco has. Any way the Tesco has the vision of be the global best retailer, it is easier for us to get an idea of how they need to be strategize. So there for we can have the following strategic planning steps that will suite for the organization. Review and develop the vision and the mission of the Tesco, We need to rethink the mission of the organization that how we can offer the best service and grab the higher part of the market share. This will indicate that we need to rethink the missions and the values and make the strategies according to those. Business and the environmental analysis We did this part in the above. We need to finds out the newly emerging trends that will affect for our business. And for that we need to create the strategies for overcome those threats. We can have a SWOT analysis of the Tesco and find out the threats and weaknesses that will affect the organizational future and overcome those. Establish strategic Objectives This step will show us the overall picture of the organization heading at. And we can do necessary actions to make the strategies that will suite for the direction of the Tesco. Resource allocation And we can allocate the resources we have according to the set objective strategies. And the allocation will take part of the newly introduced resources as well. We can find the wants and the needs of the stores and the employees to allocate the resources. Execution review This will be doing by the top level and the middle level management. And the monitoring part will need to maximize the production and the Discussion This study is mainly focused on the strategic planning of an organization. We have found and select the organization of Tesco PLC. Tesco is the worlds third biggest retailer in all the time on now days. Firstly we have analysed the organizational external environment and the facts that will affect the organizational changes. We have identified the existing business plans that they have to be the best organization in the world. So according to those plans thy have changed their organization by reviewing the past experiences and the success of the organization can be found in overcoming those obstacles. Then we have to consider the options that will affect to the organization we have found that the options we have is the values that we need to develop. And then we have to study the strategies that Tesco set for developing the marketing and the products. They have to be diversifying their products that they have to be the best of grabbing the market share. And finally we have come to the stage of making a strategic plan that will implement for the Tescos future development. Here we have considered the steps that we need to take according to develop a strategic plan.

Analysis Of Mark Strand?s ?kee :: essays research papers

Although it’s not a lengthy poem, the few words and their layout in â€Å"Keeping Things Whole† certainly possess great significance. This poem is centered on the idea that the narrator’s life is lacking purpose. In exploring the meaning of his existence, he determined that his reason for living was to keep moving so that people’s lives were only temporarily interrupted.   Ã‚  Ã‚  Ã‚  Ã‚  Strand’s technique of splitting up his sentences helps emphasize certain phrases and ideas. When I read poetry I naturally pause for a brief second at the end of each line to allow the words to sink in, therefore taking an extra moment to realize what the author is saying. With each line in this poem only a few words long, there is a higher pause-to-word ratio, which allows for more thought for each idea the first time you read through it. Strand splits up the sentences in places where he is trying to convey more meaning, with the hope that the reader will pause and contemplate what was just read. His stanzas are concluded when he wants more attention placed on his current idea.   Ã‚  Ã‚  Ã‚  Ã‚  The narrator’s viewpoint towards life in this poem is quite different from how most people see it. Where he writes, â€Å"In a field / I am the absence / of field.† (ll. 1-3) instead of acknowledging his existence as something, he regards it as a lack of something. This negativity towards himself is what the entire poem is focused on.   Ã‚  Ã‚  Ã‚  Ã‚  He uses the idea that when his body enters an area the parts of that area are momentarily interrupted and are forced around him, just waiting to return back to normal once he leaves: â€Å"When I walk / I part the air / and always / the air moves in / to fill the spaces / where my body’s been.† (ll. 8-13) The â€Å"air† in that line symbolizes the existence of other people around him, and the narrator sees himself as a nuisance to those people, always being in the way. He is saying that whenever he enters into a location with a bunch of people, those people see him as a bother and simply as something that they must put up with for a little while. They can’t wait for the narrator to leave so that they don’t have to put up with him anymore and can therefore return to what they were doing. The last stanza explains the narrator’s reason for â€Å"moving,† or in other words living: â€Å"I move / to keep things whole. Analysis Of Mark Strand?s ?kee :: essays research papers Although it’s not a lengthy poem, the few words and their layout in â€Å"Keeping Things Whole† certainly possess great significance. This poem is centered on the idea that the narrator’s life is lacking purpose. In exploring the meaning of his existence, he determined that his reason for living was to keep moving so that people’s lives were only temporarily interrupted.   Ã‚  Ã‚  Ã‚  Ã‚  Strand’s technique of splitting up his sentences helps emphasize certain phrases and ideas. When I read poetry I naturally pause for a brief second at the end of each line to allow the words to sink in, therefore taking an extra moment to realize what the author is saying. With each line in this poem only a few words long, there is a higher pause-to-word ratio, which allows for more thought for each idea the first time you read through it. Strand splits up the sentences in places where he is trying to convey more meaning, with the hope that the reader will pause and contemplate what was just read. His stanzas are concluded when he wants more attention placed on his current idea.   Ã‚  Ã‚  Ã‚  Ã‚  The narrator’s viewpoint towards life in this poem is quite different from how most people see it. Where he writes, â€Å"In a field / I am the absence / of field.† (ll. 1-3) instead of acknowledging his existence as something, he regards it as a lack of something. This negativity towards himself is what the entire poem is focused on.   Ã‚  Ã‚  Ã‚  Ã‚  He uses the idea that when his body enters an area the parts of that area are momentarily interrupted and are forced around him, just waiting to return back to normal once he leaves: â€Å"When I walk / I part the air / and always / the air moves in / to fill the spaces / where my body’s been.† (ll. 8-13) The â€Å"air† in that line symbolizes the existence of other people around him, and the narrator sees himself as a nuisance to those people, always being in the way. He is saying that whenever he enters into a location with a bunch of people, those people see him as a bother and simply as something that they must put up with for a little while. They can’t wait for the narrator to leave so that they don’t have to put up with him anymore and can therefore return to what they were doing. The last stanza explains the narrator’s reason for â€Å"moving,† or in other words living: â€Å"I move / to keep things whole.

Cognitive development and Aging Paper Essay

As people age their bodies go through a lot of changes physically as well as psychologically. As humans age normally they undergo changes in their brain which affect cognitive functioning and development. Each person is different so the age-related changes in the structure of the brain and in its function as well as in cognition and cognitive domains are not uniform across the whole brain, nor are the uniform across individuals. This means that some of the changes that a person goes through due to aging another person may not experience. The two basic cognitive functions that are affected most by a person aging is attention and memory (Glisky, 2007). The thing that a person needs to know is that memory and attention are not unitary functions; there are multiple parts to both functions some of which may not be affected by a person aging while others are affected. According to the Glisky (2007), perception in a person as the person ages declines due to declining sensory capacities whic h can impact the cognitive functions later in a person. Perception is a person’s senses such as touch, sight, taste, and smells which is why some people believe that it is actually a precognition function. According to Anderson (2010), perception is the sensory experience of the world around individuals which involve recognition of environmental stimuli as well as actions in response to the stimuli. What this means is that as a person goes through life they recognize things such as sounds, smells, people, etc. and they react accordingly to these things based on their perceptions of them. When this function starts to decline with a person’s age the person starts to lose the ability to recognize things. Attention is a basic cognitive process but a complex one that has multiple sub-processes for different aspects of attention processes (Glisky, 2007). Attention is involved in almost all of the other cognitive domains in some way or another, up until a person starts to preform automatic or habitual  behaviors. Up until the time a person is completely tasks or behaviors that have become habit, such as knowing how much milk to put into a person’s coffee, then attention is inv olved in nearly all aspects. This means that as a person starts to age and their attention begins to decline there are broad-reaching effects that take place to a person’s ability to function efficiently and adequately in daily life (Glisky, 2007). Of attention divided attention has shown to have a significant decline in performance when linked with a person’s increase of age, especially when the tasks people are being asked to complete become more complex. According to Anderson (2010), as adults age significant impairments become apparent on their attentional tasks especially those requiring the person to divide or switch attention among different tasks or multiple inputs. While older adults tend to be slower on performance tasks then younger adults they are not impaired by distraction being able to maintain concentration for a concentrated period of time. According to Anderson (2010), older adults tend to show impairment on task which requires flexible control of attention, a cognitive function associated with the frontal lobes of the brain. What this means that if a person has to have attention divided among two or more processes or the person needs to switch attention from one thing to another in older adults this fu nction may become more impaired and less easy for the older adults to perform. A task like driving which requires the person to have attention focused on several different things becomes difficult for the adult to perform adequately. Memory is another process of cognitive functioning that may become impaired as a person gets older. According to Glisky (2007), memory is a multidimensional cognitive construct that is believed to be a fundamental source of age-related deficits in a variety of cognitive tasks such as long-term memory LTM, problem-solving, language, and decision making. All of these tasks are listed under working memory which is a limited capacity system that is relatively short-term and is responsible for active manipulation of information being maintained currently in attention. This means that working memory is taking the information that a person has at attention and processing the information into a short limited memory while the person needs it. Tasks such as making decisions, solving problems, and even the process of planning behaviors to achieve goals are all tasks that may be affected by aging as a person finds it’s harder to  actively manipulate and organize information in working m emory. According to Glisky (2007), aging specifically affects episodic memory, or more specifically events or experiences from a person’s past. Memories of past events though the person believes that they are fully intact may actually just be general core information but lacks in details of the event or experience that took place. Additionally, processes like encoding and retrieval of memory, or context of information, demands attentional resources that may be lacking. An older adult might find that they are unable to process information into memory, having a harder time retrieving things from memory, and are unable to process context of memory such as if they read it somewhere or were a part of the actual event. The aging process of a person impacts the person’s cognitive abilities greatly. Age-related changes though not universal among every person may affect a person’s cognitive functioning and domains greatly. Deficits and declines happen during the aging process in individuals which accounts for the slowed or impaired processes in older individuals. Much of the cognitive functioning that has been studied and shows decline is in attention and memory of individuals. The thing that a person needs to know is that memory and attention are not unitary functions; there are multiple parts to both functions some of which may not be affected by a person aging while others are affected. There is still much information that needs to be studied for a better understanding into the cognitive processes as they relate to aging. References Anderson, J. R. (2010). Cognitive psychology and its implications (7th ed.). New York, NY: Worth Publishers Glisky, E. (2007). Brain Aging: Models, Methods, and Mechanisms.. Bethesda, MD: Taylor & Francis Group, LLC.

Developmental Stages And Theories From Birth From Adolescence

Developmental Stages and Theories from Birth to Adolescence Neurological Development According to the Urban Child Institute, the first three years of development are a crucial time for brain development. The human nervous system starts to develop at around day eighteen after conception (Carlson, 2014, p. 55). The brain stem is vital to instinctive functions, such as reflexes, breathing, and heart rate (Urban Child Institute , 2016). These are functions in the body that just happen without thinking about doing anything. The cerebrum is a large portion of the brain, which connects the cerebellum to the brain stem (Urban Child Institute , 2016). This part of the brain is where complex processes like memory and learning take place. The exterior of the cerebrum is the cerebral cortex, this part is not fully developed until adulthood and this is where sophisticated activities, such as planning and decision making are taking place (Urban Child Institute , 2016). The brain is also broken into four smaller pieces called lobes, they are the occipital lobe, parietal lobe, temporal lobe, and frontal lobe. The occipital lobe is in the back of the brain and is in charge of vision. The parietal lobe is related to bodily sensations such as your body temperature, pressure and pain (Urban Child Institute , 2016). The temporal lobe is intricate to hearing, language skills, social understanding, and observations of people’s eyes and faces (Urban Child Institute , 2016). The frontal lobe isShow MoreRelatedMental Illness And Child Development881 Words   |  4 PagesMental Illness and Child Development Mental Illness is a prominent occurrence throughout the world and commonly overlooked in the development of children. From psychotic disorders, such as Schizophrenia and Schizoaffective Disorder to emotional dysregulation and mood disorders, such as Major Depression and Anxiety children are prone to such occurrences just as adults. Child development is a very broad subject that encompasses an array of environmental and biological factors contributing to theRead MoreHuman, Social, And Moral Development1669 Words   |  7 PagesThe most effective prevention programs take a lifespan approach and consider developmental knowledge and theories throughout planning, activity selection, and implementation. While prevention and intervention efforts are important during all stages of life, they are especially important during childhood and adolescence, when risk factors may be more easily avoided and protective factors can be established that may last a lifetime (Cohen, ChaÃŒ vez, Chehi mi, 2007). Brain, human, social, and moralRead MoreAdolescent And Their Concept Of Self1584 Words   |  7 PagesAdolescence is a time when one breaks away from the sheltering they have been accustomed to as a child, and there is a great sense of maturing as they prepare for adulthood. It is during this time, between 12 and 18 years of age, when dynamic changes occur. Adolescents not only experience profound physical change during this period – they also undergo a revolution in the way they think. This essay focuses on the adolescent and their concept of self, with a discussion of the predictable and unpredictableRead MoreDevelopmental Psychology : Major Models Of Psychosocial And Cognitive Development1187 Words   |  5 PagesDevelopmental psychology recognizes three main models of psychosocial and cognitive development. The first theory, presented by developmental psychologist and philosopher Jean Piaget, addresses cognitive development. The second theory, presented by p sychologist Lawrence Kohlberg, focuses on the development of morality. The third theory, proposed by developmental psychologist and psychoanalyst Erik Erikson, outlines psychosocial development. All three theories are applicable from birth to death. PiagetRead MorePiaget And Vygotsky s Theories1008 Words   |  5 Pagesfigures in the field of developmental psychology were now Lev Vygotsky and Jean Piaget†. Lourenà §o (2012) reiterated the importance of Piaget and Vygotsky as two influential developmental psychologists and added that â€Å"their contributions to developmental psychology, albeit different, are similarly remarkable and unique†. With examination and gained understanding of both, paired with consideration of differences and similarities, this paper reveals Piaget and Vygotsky’s theories as complementary in natureRead MoreLiterature Review On Adolescent Identity Development1141 Words   |  5 Pagesdeveloped for LGBTQ populations. In this report, I will analyze the works of the Erik Erikson’s psychosocial stages of development, James Marcia’s Identity Status Theory, as well as the products of other researchers, such as William James and James Cote, who took these theories even fu rther (Adelson, 1980). I am particularly interested understanding what needs to be adjusted in developmental theories for unrepresented populations, in this case sexual minorities. The report is outlined by theoretical foundationsRead MoreErik Erikson s Theory Of Development1245 Words   |  5 Pagesover her life, Susan had numerous interesting stories from her life and shared much wisdom. If one analyzes Susan’s lifespan interview using Erikson’s theory, they will realize that she has always been conquering developmental conflict at each life stage. Before analyzing Susan’s life, when one looks closely at Erik Erikson’s theory, there are eight stages of development. Each stage faces a psychological dilemma. The first stage is from birth to the first year, during this interval an infant is evaluatingRead MoreLearning Styles And Sociocultural Influences On Child And Adolescent Development1641 Words   |  7 Pageswill describe child and adolescent behaviours reported in the media and will examine the link to development theories, learning styles and sociocultural influences on child and adolescent development. As a developing secondary school preserve teacher, my focus will be mainly on adolescent behaviours and development. I will be examining an article from a media how these developmental theories analyses and helps us to understand the behaviour of child and adolescents. I will also try to explain aboutRead MoreThe Theory Of Nature Vs. Nurture1523 Words   |  7 Pagesprevalent within developmental theory. Man y theorists have strong opinions on the subject and how it relates to biological development, behavioral development and learning. The nature concept refers to development being driven by heredity, maturation, genes, and inborn intrinsic actions (Lerner, 2002). A theorist who had a strong view that nature was the driving force behind development was Jean-Jacques Rousseau. In contrast, the nurture concept refers to experiences learned from the environment,Read MoreErik Erikson s Psychosocial Theory On Child Development1388 Words   |  6 PagesErik Erikson’s Psychosocial Theory on Child Development Erik Erikson, a well known developmental theorist, developed his theory about stages of human development from birth to death by using Freud s work as a starting point. According to Erikson, personality develops in a series of stages. Erikson found out that children experience conflicts which affect their development. He described the internal conflict which children go through in developmental stages using the term ‘crisis’ and are based on