Understanding Different Management Perspectives At TESCO

Answer :

Executive summary:

Management determines the administrative and systematic planning of controlling the existing operations and functions in attaining objectives and foster equity and performance. Management involves the activities within the setting of TESCO and help in achieving cooperation and coordination among employees. The management perspective within the business setting is significant for analyzing TESCO’s owner and manager who undergo huge responsibilities in their daily life. The management perspective is guided by the manager towards giving directions to people and supervising them in performing their given responsibilities better. The paper studies the importance of the management, role of the manager, responsibilities and duties while examining the Johari Window model and Myers Briggs in understanding of individual potentiality and strength. 

Introduction: 

Management is a significant in the business sector that adheres to the management of the operations, performance and production. Management has its own perceptions that follow the notions, ideas, and opinions of business owners where the manager and the entrepreneurs outline important guidelines in directing the production and performance of the organization in effective directions. It is the management perspective stands parallel to the organizational objectives and mission and help in the decision making process emphasizing on the collection of required resources, money, supply and distribution chain, technological requirements (Pang, Lee & DeLone, 2014).   The managers need to have good communication and technical skills besides motivating and encouraging the employees and other members in achieving their goals and foster efficiency. TESCO is the popular multinational grocery and merchandise retailer known for its annual profits. The paper studies the management perspectives in relation to TESCO.

The organization: 

Tesco is the well known British multinational grocery and general merchandise retailer that is head-quartered in Hertfordshire, United Kingdom. TESCO has been manufacturing books, clothing, furniture, toys, petrol, electronics, and software; financial services; internet services. Tesco’s corporate social responsibility and its effective marketing strategies have been able to reduce the organizational, social and cultural barriers in expanding internationally. TESCO initially specialized in the food and drink sector but have been producing clothing, consumer electronics, internet, insurance and financial services (Tesco - Online Groceries, Homeware, Electricals & Clothing, 2017). In addition TESCO has been able to create successful online supermarket that offers the customers across the globe in purchasing wide range of groceries and home retailing. Due to its annual growth and profit it became the third largest retailer and ninth-largest retailer in the world. It has around eight large retails stores in and around Asia and Europe. Therefore, it is the leading grocery market leader in the UK with the market share of around twenty eight percent of market share. Tesco was established in the year 1919 by Jack Cohen. In implementing effective marketing strategies, the business expanded rapidly and by the end of the year of 1939, TESCO reached to establish around hundred retail stores across the globe the country. 

Methodology:

The paper focuses on the descriptive research method that is applied in collecting effective and qualitative data. Firstly several secondary sources have been studied in understanding eth company structure and management principles. Besides, in study several literary review and academic journals and an assessment has been made and in understanding the management policies, marketing, production and performance (Ahern, Leavy & Byrne, 2014). The systematic research has been conducted research in drawing both qualitative and quantitative outcome through interpreting and studying of available survey through secondary data.  With the help of quantitative methods the company will be able to generate effective hypothesis and explain observations. 

Analysis:

Introduction:

It is important to analyze and evaluate one’s own personal requirement and understand ability, capacity and personality in managing organizational and self requirements. It is important to study the Johari Window model and Myers Briggs preferences in understanding of the self and management perspectives. 

Johari Window Model: 

The Johari window is a professional technique that is used by individual in the learning and understanding of relationship among workers, company sometimes both. The techniques were established by American psychologists Joseph Luft (1916–2014) and Harrington Ingham (1916–1995) in the year of 1955 that help in determining self-help groups within the corporate or organizational settings and environment. Luft and Ingham termed Johari Window model as Johari in combining the initial names Joe and Harry (Hamzah et al. 2016). In testing the personality the Johari model gives them a set of adjectives where individual are given the liability in describe the subject. These adjectives that are recorded are inserted into a grid for possible outcomes. Charles Handy, a great philosopher exclaimed that this process under the Johari model can be called as Johari house with four rooms (Tran, 2016). The Room one, the individual is able to see them and analyze what they see and what others see. Room two, determines the aspects where others see but the individual is unaware of. Room three refers to eth private area that is kept hidden by the individual from others. Finally, Room four is the room of suspense and mystery where unconscious or subconscious part of the individual can neither be seen by him or by others. The Johari Window therefore, helps in enhancing and fostering communication model in strengthening understanding between individuals within the organizational setting. 

Figure 1: Johari Window Model

(Source- Tran, 2016)

There are two important tools in reaction to Johari model that involves building trust by disclosing information about oneself to other. The second tool involve the feedbacks and reviews where the individual will be able to come to terms with personal issues and foster better understanding of oneself. Being the key personnel of the TESCO organization, it will be useful in explaining the Joahri model to the employees and members that will help them in understanding the value of self-disclosure in gaining trust and that will; foster others in accepting each other in effective way that will result in team involvement and performance efficiency. Besides, the application and understanding of eth Johari model will enable the members of the organization in solving issues and face challenges and changes together (Berland & Berland, 2017). 

Myers Briggs:

The phrase Myers Briggs is utilized in explaining a personality theory that was developed by Isabel Briggs Myers that had contributions of her mother Katherine Briggs. It helps in providing major differences among individuals and guides them towards facilitating their decision regarding career, relationships, leadership skills, professionalism, innovation and ideas etc. the Myers-Briggs Type Indicator was formulated by Consulting Psychologists Press (CPP).  In relation to the Myers Briggs theory, it is observed that for each pair one style is approved over the other.  In generating the result it is important to combine and compare the letters associated in regards to one’s preference in generating Myers Briggs personality (Chae, 2016). For instance, in having preferences like A, S, E and J results in the personality type of ASEJ.  In dealing with the Myers-Briggs one can deal with the certain preferences that involve people and things that states Extraversion or "E", or ideas and information that states Introversion or "I"; facts and reality referring to as ‘S’ or possibilities and potential referred to as Intuition or "N"; Logic and truth stating Thinking or "T", or values and relationship as Feeling or "F"; besides judgmental being J and perception being P. 

Figure 2: Myers Briggs

(Source-Gilotra et al. 2017)

Extraversion and Introversion determines the direction of individual’s energy.  In directing one’s energy in determining people, materialistic things, situations results in the preference for extraversion. On the other hand, if one try to deal with information, customs, innovation, explanations results in the preference of introversion.

Sensing and Intuition determines and interprets the type of information that one tends to process.If the individual try to deal with facts and effective knowledge then he needs to interpret and analyze what he sees that results in the preference for Sensing. If the individual is trying to foster new possibilities, ideas then the preference is for Intuition (Prasad, 2016).

Thinking and Feeling deals with the decision-making process of the individual on the basis of aims, objective with the help of logical and rational analytic and detached approach, then preference is for Thinking. If the individual decision making utilizing values on the basis of what one thinks to believe is important then the preference is for Feeling (Rashid & Duys, 2015).

Judgment and Perception states the lifestyle that the individual tends to adopt. If one tend to be organized and planned results in the preference of Judging. If the individual needs to maintain flexibility then the preference is for Perception (Chae, 2016).

Personal SWOT

Introduction:

SWOT Analysis referred to as systematic framework that helps in assessing organization's strengths and weaknesses, opportunities and threats.  Besides, the corporate and organizational analysis, personal SWOT analysis help in understanding one’s own  strengths, weakness, opportunities and threats and generate and utilize available resources and opportunities (Vallas & Cummins, 2015). 

Figure 3: Personal SWOT

(Source- von et al. 2015)

Strengths: 

Being the manager it is important to evaluate and assess the existing values, polices, and principles of the TESCO organization therefore, the manager need to have specific administrative and management skills. Strength being creative and innovative as clients and customers has given positive feedback. My strength being the strong communicative and decision making skill that helps in bringing together the employees and members together in performing better.  I have been able to command effectively in regards to the attainment of objectives and goals of the company. I have maintained favorable relationship with the shareholders and investors in seeking funds for meeting the infrastructural and technological requirements. The significant part being the decision-making ability that help in making decision in accordance to employee performance, payment, risks, threats, solutions, strategies etc. I have been able to inspire and motivate my colleagues, clients and employees in working proficiently. 

Weakness: 

One of my major weaknesses is performing the activities quickly that creates hindrance and drawbacks in the work structure. Besides, I try to handle and perform too many jobs that cause stress and pressure. Another major weakness is being nervous in presenting ideas, documents, and presentation to the clients and shareholders in relation to upcoming projects as I have fear of public speaking. 

Opportunities:

I have been attending significant seminars and annual conferences regarding marketing and management that offers guidelines and articulates ideas regarding personal and employee training g and development. I provide opportunity to my employees in performing better by providing them training that analyzes their experience, skills, and talents.  In assessing the recorded report of the skills and performance of the employees, are provided with incentives and promotions that motivate them towards performing better. 

Threats:

Threats generally come in the form of changes and challenges posed by economic rise, technological advancement, competitive threats and internal conflict. Besides it is important in the part of the manager in analyzing the effects caused due to external and internal factors. 

Placed or misplaced:

In accordance to management strategies and perspective formulated will help in determining the strengths and weaknesses of the company TESCO. Thereby, it will be useful in generating possible solutions in attaining the objectives and set of targeted goals. Being the manager, it is important to assess the employee engagement towards the mission and vision of TESCO. It is important to place every strategy of the company at the right time and in effective way that will generate possible outcomes in favor of the organizational benefit and long term as well as short term profits. The management strategies articulated by the manager need to be rightly acknowledges and assessed by the professionals and be accordingly implemented determining the mission and performance quality. 

Self-improvement: 

In improving oneself it is important to assess one’s capabilities, abilities, experiences, strengths and weaknesses. The best way to learn about one’s performance is organizational and employee feedbacks and reviews; through which one can improve himself. Being the key personnel of the company it is best to disclose oneself to others that will help in gaining trust and loyalty from the members (Stephens et al. 2016). It is significant to follow certain self improvement process that include constant learning, decision-making ability, assess the existing uncertainty and conform to the professionals in seeking solutions, set personal standards and evaluate everyday performance, prioritize responsibilities and tasks and keep a track of time and management. Besides, it is important to balance the personal and organizational life apart and bestow education and knowledge among eth employees and guide the members towards attaining personal goals and make them aware if the problem solving methods (Ahern, Leavy & Byrne, 2014). 

Conclusion: 

Effective management needs systematic framework that needs to be guided by efficient leaders or managers who will help in achieving goals. The manager need to have leadership skills that will be formulating strategies and policies and provide a direction to the employees and the members in successfully fulfilling the business and keep motivating and encouraging in making right decisions at the right time. Large enterprise managers like that of TESCO need to develop and train oneself towards  leading and influencing others in  growing the business for both short term and longer term advantages and profits. The perspective of the manager and its management policy need to be strategized in coordinating workforce and performance to accomplish organizational aims with the help of available resources, technologies and funds.

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