TASK 1: Explain why Tesco uses the organisation structure it currently has. (Think about the advantages of the structure and how it is designed to help the business achieve the aim/objectives - by the way, what are its aim and objectives?) In what ways is the structure ‘fit for purpose’? Possible aims / objectives might include: Survival - Tesco need to do this so that they can keep the business going, this is important because if they don't then the business will go down hill. It will also help with the competitors because if Tesco are good at survival then they will be able to beat them and do well.
The most heavily skills weighted by the firms will include client management, technical and interpersonal. Smaller firms should have similar criteria because this will help the firm get a great reputation along with a better client list that will help expand business. 4. The advantages of the “up or out” promotion policy includes helping the employees know that the world is competitive, where the employee stand among their current/former peers and it’s something that is already established. The disadvantages of the promotion policy includes inducing more stress for the employees, negative feelings towards the firm when passed over for promotion and the commitment to the firm
A large number of people understand the need to understand and adopt new innovations when they are beneficial but not many understand what happens when such innovations do not succeed. Researchers know that such letdown is important knowledge because it can either add to the next great success or give key potholes to avoid when developing their own products or services. In either case success and failure equally have a beneficial impact on the development of the economic market. Even when innovations do not succeed organizations they would do well to attempt to gather this information in an attempt to incorporate such findings within their own innovative processes. At times such failures can direct to higher levels of development and better understanding at less cost to the researching organizations.
If customers are not happy with a product then they will report it to Tesco and Tesco will have to take action to do something about it. Tesco will aim to make customers happy so they can gain their loyalty as this will increase their profit margins. The reason Customers are so important is because without them Tesco will cease to exist because there will be no people buying their product which means no income which equals to no profit. A business like Tesco revolves around the customers as they are always trying to satisfy the customers demand. Owners Tesco is Public Limited Company (PLC) which means that it’s owned by people who have bought shares in the business, these people are known as shareholders.
It is important to have a universal organizational culture that fits the demands of the businesses environment. Obtaining the proper culture could be a competitive benefit for a business, however utilizing an improper culture within the organization could lead to difficulties in performance, organizational failure, and could be a barrier preventing the business from changing and taking risks (Organizational, n.d.). In order to have a strong culture it needs to be distributed throughout the company’s employees, which is a culture that most members in the company show consensus concerning the values of the organization (Organizational, n.d.). The stronger an organization’s culture, the more possible it is to assume the way employees think and behave. Legal, Ethical & Meeting Issues It is never ok to discriminate in the workplace, however discrimination against people based on their ethnicity, racial or cultural orientation in the United States is
What make a company successful in a long term are its innovation, service, products, and management. All of these do not happen without the help of good employees. From a short term viewpoint layoffs make a company more viable but from a long term viewpoint it can precariously destroy the culture and affect the good people the company needs to run the business in the
Unit 8600 – 308: Understanding Leadership 1) Understanding leadership Models: Leadership Models: Participative: Known best as the democratic leadership model, a participative leader values the input of team members at all levels, but ensures the responsibility of the final decision rests with them. They boost employee morale due to their contributions to the decision-making process making them feel their contribution matters. This style meets challenges when companies need to make a decision in a short period. A negative for this model could be not agreeing with opinions. Though members of the team’s views are heard you may not agree with them, it would be easy to dispute good notions with favouritism.
How the company deals with the issue of volatility will greatly influence their brand image. However, for Vanguard Group, a balanced portfolio approach will greatly improve its brand image among the investors because the approach will reduce volatility (Vanguard, 2011). The approach used in the production of the video in relation to the elaboration likelihood model (ELM) is the central route approach. In the central route approach, an individual is motivated, capable of paying attention, and take a logical and conscious thinking in his or her decision-making. The approach can lead to permanent transformation in an individual’s attitude as he or she elaborates and adopts upon the arguments made by the speaker.
If people don't communicate well, they limit their ability to connect on any meaningful level and finally can create conflict. Positive communication skills like listening, open-ended questions, calm tone of voice or even a body language always help unite people to behave in an appropriate way which leads to a good and effective relationship. The workplace relationships can also become much stronger when people are able to communicate clearly and effectively what they need and obviously if they allow others to do the same. Effective communication helps not only to relate better to each other, but also helps to do more with
UNIT 306 HOW TO CONTRIBUTE TO INNOVATION AND CHANGE WITHIN THE ORGANISATION Innovation in a business environment is not about doing the same thing better, but about doing something different to improve the end result. It helps keep the business competitive, by trying different methods to improve business opportunities. Customer service can be improved by providing a better service, one which benefits both provider and customer. Reduction in waste can be a result of innovation in a business environment by, once again, applying different methods to put this into operation. It is important to review existing ways in a positive way because it can strengthen the business and help build trust with customers and employees.