Strategic Management Essay Example | Topics and Well Written Essays - 2500 words - 3

Strategic Management - Essay Example It is the process through which organizations follow a certain path to achieve desired short term and long term goals and can maintain a desired level of output. A proper strategic planning can help an organization to develop a clear long term vision and would help the management to visualize where the organization would be after five to ten years or may be even more than that. Strategic Planning can be treated as a milestone for each and every organization. Without strategic planning, the organization can actually never identify the present position in the industry and cannot develop a strategic guidance for the future (Henry, 2008, p. 89). This study has been conducted with a motive to develop a strategic plan for Tesco, one of the large retail supermarkets in the U.K. The study looks to focus all the aspects related to the development of a strategic plan of an organization including the assessment of the mission and vision statement, situation analysis and final development of the strategy to gain competitive advantage over the competitors. Here it needs to be mentioned that the although Tesco is a global retailer, but still the study has been conducted with respect to the UK market as it happens to be the home country and largest market of Tesco compared to other markets in the world. Getting Ready Choosing Organization Tesco PLC. Developing Organizational Profile Tesco PLC is a multinational retail grocery retailer and general merchandiser. The company is headquartered in Chest Hunt, UK. It happens to be the largest retailer in the United Kingdom and the third largest retailer in the world after Wal-Mart and Carrefour. The company was originally founded by Jack Cohen in 1919. As on April 2012, Tesco had 6,351 stores all over the world. The company has 2,975 stores in UK market. According to annual financial report of 2012 the total revenue of the company is ?64.539 billion. Specific issues to be addressed Over the past few years the retail business in the UK has seen a lot of changes. One of the key issues to look for while developing the strategic plan would be the effect of the changes external environmental factors and the impact of those on the company’s day to day business activity. The present industry scenario also plays a major role in the development of the business strategy and hence this has to be taken into account. Along with the external environment assessment, the internal environmental factors would also be reviewed as it would help the company to identify the core competencies, strengths as well as the weaknesses (Kolb, 2008, p. 92). Key Information to be collected To understand the impact of the external environmental changes, political, economic, social and technological factors need to be assessed. Also to understand the present market scenario especially market competitiveness, Porters Five Forces will be analysed. It consists of bargaining power of the buyers and suppliers, industry

Short story- A Clean, Well lighted Place Essay Example | Topics and Well Written Essays - 750 words

Short story- A Clean, Well lighted Place - Essay Example The younger waiter is very busy in his life and does not consider anything missing from his life and considers it to be complete. On the other hand, the older waiter believes that his life has emptiness and he actually is able to relate to the old man who is sitting in the cafà ©. It can be analyzed that religion serves to be a ray of light in many people’s lives and it is missing from the lives of the two old men that is the waiter as well as the old customer. This is because they both are seeking for light and consider the illuminated surroundings of the cafà © to be helpful in overcoming the darkness of their lives. The older waiter portrays the emptiness in his life as well as the lives of many in these words:"With all those who do not want to go to bed. With all those who need a light for the night." In these words, he explains to the younger waiter that he wants to keep the cafà © open till late night so that people who have an emptiness in their life and do not seek religion as a refuge can also come and sit here because the darkness of the world and their life haunts them as it does not possess any purpose for them. It also explains that there are many people in this world who seek for a true reason in their life and that religion does not serve that purpose. The deafness of the old man portrays the truth that he has a shortcoming in his life and his in satisfaction with his life despite of the fact that he has money and his attempt to commit suicide give a clear picture that he does not believe in religion. These realities about his life also explain his lack of interest in the life of this world because he does not consider it to possess any purpose. Thus Hemingway has used the old man to convey a message that 80 years of his life along with his experience have taught him the meaning that religion is not actually a true light and path that a person should seek. It is a rather a