UNIVERSITY OF GREENWICH
COURSEWORK COVERSHEET
Student Name
Reem Said Abdelnur
Student ID number
000813564
Course Code
BUSI 1311
Title of Course
Introduction to Business function
Title of Assessment
Tesco’s UK profits fall for first time in two decades.
Type of Assessment
Case study
Tutor’s Name
Zigiju
Date Assessment Due
7/02/2014
Aim
The aim of this report is to analysis a case study about an organization called Tesco. In this analysis, I will discuss the purpose of the key business function in the organization. Furthermore, I will analyze the power-grid interest of Tesco’s stakeholder. In addition, I will analyze the key issue in the managing stakeholder. Finally, I will show a SWOT analysis
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Operation
As Robin and Coutler (2005) explains, the operation system has a significant role as it delivers product and services, manage productivity and fulfil obligations. According to Philip Clark, the operation department at Tesco has promised to have a better products with a good prices.
Marketing
According to capon (2009) “marketing orientation leads organizations to consider the needs and wants of their actual or potential customers before considering what service and products to offer” (p235). This implies that the marketing manager is responsible to make sure the need of the customers. This is usually done by asking the customers before introducing something new. Clark identifies that “Tesco’s problem come as retailors struggle with structural change caused by growing number of consumers shopping from computer and smartphones.” Therefore in order to improve that, Tesco is working to expand its digital system to fulfill internet orders.
Human resource
According to Robbin and Coulter (2005), the human resource is responsible to make sure if employees have a good working condition, trainings, recruitment processes and decruitment. As Capon (2009) suggested, the “the main strategic focus of HRM is the management of human resources utilized by the organization” (p195). According to retail analyst Himanshu, one of
Operations Management in an organisation is repsonsible for managing and in making decisions concerning the activities that convert inputs into outputs , that is goods and services. This covers both short term actvities as well as longer term activities to meet strategic goals. Inputs can be the raw materaials need to manufacture goods such as furniture or the computers needed to create a service like online shopping site. Operation management’s role is to make decisions to improve how operation activities function, for example, to improve the final quality of the output or to change production methods to be more efficient in terms of cost and in time.
Operations Management plays a key role in achieving the main performance objectives of Tesco. Whether the current operation objective is to improve customer service or to increase profitability, the way in which Tesco utilises its resources will have a significant impact. As a consequence, there have been a number of innovative developments in Operations Management that have sought to make use of Tesco resources in a significantly new manner in order to make a big step change in performance. Tesco is an successful example of operations management, however, through our investagation they also have some demerit in their opertions management need to be improved.
A human resource manager is responsible for employee compensation, recruitment, employee policies, and regulatory compliance. The positions is no longer simply administrative, human resources has become the heart of organizational culture. Human resources help companies make the best of their human capital by hiring intelligently, providing incentives towards retention and creating growth opportunities for the employees. If a company has successful human resource personnel the company stands
Human Resource Management (HR). This is the management of a business’s workforce or people. It is responsible for several things including the selection, training and assessment of employees, making sure that employment and labour laws are complied with and ensuring the leadership of the company overseen properly. In smaller companies the HR department may just be a few trained staff, but in larger organizations there will be a whole department focussed on HR.
The utilities are still low, but the relatively strong force when customers act together. This means that Tesco must effectively understand the "Club Card" to use the current consumer trends and adapt your strategy as needed. input threats and new alternatives mainly to the growth of the Internet, but
The primary function of Human Resource Management is increasing the effectiveness and contribution of employees in the attainment of organization’s goals and objectives. For attaining the goals of the organization, the employees need to work effectively and perform at their best. To get appropriate outcome, the human resource department considers aspects like, equal employment opportunity, affirmative action, human resource planning, recruitment and selection, human resource development, compensation and benefits, safety and health benefits and employee labor relations. The importance of all these functions varies as per the nationality and generation of employees as well. But collectively they are important for retaining employees and getting best output.
Operation management system relates to the concept of how an organization is able to offer their goods and services with satisfying the customer and maintaining quality (Mullins & Gill, 2013). It is a fact that the operation system of any firm is major resources arrangement that is often linked with the production and delivery of its product and services.
Human Resource Management (HRM) is the terminology used to illustrate formal systems devised for the management of people within an organization. It is the method of managing an organization or company that is directly related to the employees of that particular organization. The success of a business often rely heavily on the performance of managing human resource. Maximizing the desires and benefits of an organization and helping a business grow by rewarding employees to help motivate and push them in their performance is one of the main aim of HRM. By doing this, it will have a positive impact on both the company and it’s entire organization.
According to Decenzo and Robbins (1994), “Human Resource Management is a process of procuring, developing and maintaining the performance level of the employees to achieve the organizational goals in an efficient and effective manner”. The HRM practices of recruiting and selecting employees, training them for their job, evaluating their
Human Resource Management is the process of hiring employees for a particular organization so that they can become a harder worker and valuable for a company. Human Resource Management focus on job analyses, orienting and training, managing wages and salaries, and looking for all the employees at all levels of their duties. HR is the most important part for an organization. It helps to improve the company’s conditions. Most of the employees with skills of HR strategic management, they hold the responsibilities of decision making for company’s future workforce needs of an organisation. However, HR compensation expertises improve realistic compensation structures that help to manage the wages competitive with other organisations or in same industries or with their employees with similar skills. There are lots of different ways to defining human resource management practices. Moving further, on HR importance in a company and its best practices for any organisation in the world, it is the most important part of the company. Most of employees use their different skills of HR for a company for best result in future. As HR’s employees who have skills of training and developing new employee they hire hardworking and strong employer- employees for a company’s best relations with everyone. There are most of the companies have their best HR mangers who have their best HR practices that produced the highest impact rating of an
Human resource management plays a critical role in one organization as a key function to maximize people’s performances within the organization’s goals and objectives. It consists of primarily tasks – recruitment, performance appraisal, training and development, and compensation (Baum, 2006). Within each task, HRM focuses on creating system, policies, and procedures to manage, promote and motivate people in order to ensure the business strategy can be achieved through HRM practices as one of the main keys.
It is responsibility of Human resource management that they should design job requirement in linking with organisation objectives, make sure that they advertise an attractive salary package to attractive competent people, and then they should recruit those people who are highly motivated after due consideration of their academic, past experience and their ability to deal with situation. Once employee has been selected and recruited make sure that he should be given proper attention on organisation culture and its objectives and his role in achieving those objectives. It is responsibility of Human resource management to ensure that employee should be up to date with changes in market by providing them training and development. To ensure that there should minimum staff turnover and to forecast to when organisation will be in need for more skilled employees.
In vast terms, an operation has two imperative parts it can play in fortifying the company's general system. One choice is to give forms that give the firm an unmistakable playing point in the commercial centre. Operations will give a promoting edge through particular, extraordinary innovation improvements in courses of action that contenders can't coordinate. Exceeding expectations at one or a greater amount of these operations execution targets can empower an association to seek after a business system taking into account a relating aggressive element.
Human resources management is responsible for employee relations, staffing, training, development, compensation, and benefits (Mariotti & Glackin, 2013). Due to the size of the business proposed (no more than two employees); the owner will handle human resources. Items suggested by Inc. (n.d.) for the owner to be familiar with include:
Human resource management, commonly abbreviated as HRM is a function of an organization which is created to positively optimize employee performance of an employer 's business strategic goals. HRM aims on systems & policies and is mainly associated with the people’s management within the organizations.