Assignment title: Information
Task 1 Briefly explain: manager, management and organisation. Assess the significance of managers in achieving organisational success for a company of your own choice. task2 Analyse how size and strategy of a company can affect its organisational structure? Support your answer with relevant examples. Scenario: Tesco has said it will close 43 unprofitable stores across the UK, The firm is also shelving plans to open a further 49 new "very large" stores. Additionally, Tesco is closing its staff pension scheme, will make cuts of £250m and reduce overheads by 30%. Shares in Tesco rose by more than 13% on Thursday, as investors welcomed the company's announcements. It comes after two years of troubles at Tesco, which has suffered falling sales, in another development, credit rating agency Moody's downgraded Tesco's rating by one notch to Ba1, equivalent to "junk" status. (BBC, 2015) Questions a) Discuss Tesco's current mission, vision and corporate strategy. 15 marks b) Suggest and explain the process that can help Tesco to formulate its corporate strategy for the year 2015. 20 marks c) What do you understand by the term "organisational culture"? Can Tesco improve its performance by changing its culture? Discuss.