Theory of Management

Theory of Management

Tesco are experiencing a time of very significant change, in an increasingly competitive market. You are a management consultant, specialising in management theory and practice. You have been hired by the Senior Management Team of Tesco to advise them on how they might refocus the business and reverse its decline. They know the business has many strengths, but has also failed to adapt to a changing market. You are required to provide a report that should cover the following points:

1. Describe one tool that can be used to analyse the organisational environment and evaluate the effectiveness of using such a tool in the context of Tesco, using academic references to support your argument. (10 marks) (approx. 220 words)
2. Complete an analysis of Tesco’s macro business environment using the PESTLE framework, examining how each of the elements of the external business environment might impact the organisation (30 marks) (approx. 660 words)

3. Evaluate the advantages and disadvantages of using a Balanced Scorecard approach to organizational performance (10 marks) (approx. 220 words)

4. Using the Balanced scorecard framework, provide recommendations to the Senior Management Team on appropriate measures in each category to measure the performance of Tesco. Justify your recommendations (20 marks) (approx. 440 words)
5. Using an appropriate change management framework, advise the organisation on how they can ensure the successful implementation of an organisational change project (20 marks) (approx. 440 words)

6. Suitable report format, presentation, structure, referencing and use of English (10 marks)
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