How to write a response paper
Essay Writing Topics For Xat Exam
Wednesday, August 26, 2020
A comparison of the environmental effects of using nuclear energy and Essay
An examination of the ecological impacts of utilizing atomic vitality and coal vitality - Essay Example A correlation of the ecological impacts of utilizing atomic vitality and coal vitality Since the year 1974, there has been no new earth shattering for setting up new atomic force plants albeit various atomic reactor units have been built at these plants. Notwithstanding, there has as of late been a restoration of enthusiasm for atomic vitality and this new intrigue has to a great extent been cultivated by the Nuclear Power 2010 Program, which was set up in the year 2000. There has been an expansion in the quantity of atomic reactors being built since 2010 in existing force plants, for example, the one at Watts Bar, Tennessee. Regardless of the resurgence of enthusiasm for atomic vitality, a large portion of the activities, which have been set up for the development of atomic reactors have been as of late dropped. This is principally because of the monetary difficulties that are as of now holding the country just as the negative response that came in the wake of the ongoing atomic mishaps in Japan. Authorities in the atomic business express that they just expect around five new atomic reactors to be working in the following eight years in view of the obstacles, which have made a large portion of their tasks to slow down. Since the start of its utilization, there has been a ton of discussion about the utilization of atomic force in the United States and this has as of late strengthened because of discuss a coming renaissance in the utilization of atomic vitality (Terzo 1). Probably the most fervently discussed issues concerning the utilization of atomic vitality have been matters concerning the open security.
Saturday, August 22, 2020
Learning organization Essay Example for Free
Learning association Essay Marquardt (2002, p. 211) introduced 16 stages important to fabricate a learning association. A more critical glance at our association uncovered that there is still such a long way to go and change. Utilizing Marquardtââ¬â¢s similitude, our association is still in the caterpillar stage, ââ¬Å"earthboundâ⬠and ââ¬Å"nonlearningâ⬠(p. 235). The significant test staying with our in this status can be connected to just two things, disposition of workers and authority style. Tragically, the 16 stages proposed by Marquardt come down to these two things. Representatives have negative view about change. They are not ready to leave their usual ranges of familiarity, face challenges or focus on changing the organization. They come up short on the inspiration to instruct, improve and create themselves expertly. The old, tried method of doing things remains the standard. Be that as it may, the additionally upsetting truth is the absence of exertion from the pioneers. In view of Marquardtââ¬â¢s conversation, the primary exertion for change should originate from the top, from the pioneers. By and by, the administration style in the organization doesn't take into account the requirements of a learning association. The hierarchical culture doesn't engage the empoyees to communicate their imagination or investigate their possibilities. So, our association is 16 stages from change. In light of the rules, to impact change, the pioneers need to perceive their job as the specialists of progress. As per Marquardtââ¬â¢s book, ââ¬Å"The initial step is for administration to invest in changing the organization into a learning organizationâ⬠(p. 210). Before that could occur, pioneers should above all else need to perceive the need to change our caterpillar approaches to that of a butterfly. This progression relates to the making of an authoritative vision. The organization needs a progressively powerful, fascinating, rousing vision to keep the two chiefs and workers invigorated into changing and improving the organization just as making a domain for continious learning.
Sunday, August 16, 2020
In Memoriam Professor Silbey
In Memoriam Professor Silbey Last Thursday, Bob Silbey, a professor in Course 5 (Chemistry) and former MIT Dean of the School of Science, passed away after battling cancer. My interaction with Prof. Silbey was in Spring 2010, when I took 20.111 (Thermodynamics of Biomolecular Systems), so we werent exactly best buddies. In fact, I think the one time we actually had vocal interaction was when I finally worked up the nerves to ask a question in his class, only to confirm that there is such a thing as a stupid question (the answer was right there on the lecture handout). That being said, he was and is one of my favorite professors Ive had at MIT. He managed to take something that I found inherently boring and not only make hourly lectures of it bearable, but interesting, dare I say fun The man was such a great lecturer that he was one of two people ON THIS PLANET (or at least, in my book) that could get away with using Comic Sans (the other being Prof. Bawendi, who co-taught the class). One of my favorite memories of Prof. Silbey happened during his lecture on Valentines day one of the a cappella groups on campus delivers singing-grams on Valentines day, and as a member of the Logs ran into our lecture hall in the middle of class screaming, We come delivering a message of love!, Prof. Silbey let out a huge, surprised yawp before proceeding to lay on the desk in front of the blackboard to comfortably enjoy the Logs as they serenaded a girl in the class. Now I realize my view may be a little biased, but I did a little researching and found out that Im not the only person who admired Bob Silbey and recognized that he was a great guy. Not only was he a fellow of the National Academy of Sciences and regarded as one of the leaders in theroretical physical chemistry, he also won just about every teaching award that MIT gives (including the Baker Award for Undergraduate Teaching, the nomination and selection of which is determined entirely by undergrads). At any school, teaching is a difficult profession. Youll get people who teach well but whose research doesnt live up to their lectures. Or much worse, youll get people who have pioneered a field, have won a Nobel, and may literally be the smartest person on earth, but cant speak coherently for 50 minutes. Professor Silbey was not any of these people. Any time I feel inclined to gripe about the amount of work I have to do, I remember the opportunities Ive had to learn from people like him at MIT. I consider myself very lucky to be in the company of the Bob Silbeys here. He wasnt my mentor, adviser, friend or relative, though it seems as though he was a great one to many other people. To me, he was simply a great teacher, in every sense of the word. He was also extremely dedicated he did things like work on a study of the status of women faculty in science at MIT in the early 90s, which was one of the first to bring up the gender discrimination in academia. He was a department head, a dean, and on top of that, Id often see him in the audience at our MITSO concerts. Professor Silbey, I didnt know you well, but in the semester that you taught one of my classes, I learned this much you loved your job and you loved sharing your love of science with your students. I learned a lot about thermodynamics, too. (And not only that the second law is hard to teach, as you said, but also kind of hard to understand) At that time, I had no idea what I wanted to do with my life but I at least knew that I wanted to be doing something someday with the same amount of joy that you had in teaching us. Perhaps I this is a grossly-simplified view of you, perhaps I have no grasp on any of the politics you dealt with (or how you really felt about) being a professor, researcher or dean. But I knew you well enough to be thankful to have had a teacher like you that made me excited to be at MIT, to learn. For that, I am eternally grateful.
Sunday, May 24, 2020
Wednesday, May 13, 2020
24 Famous Quotes About Beauty
When you see a vibrant flower or a peacock majestically strutting his colorful plumes, revere the beauty of nature. Beauty is everywhere. Appreciate the beauty around you while beauty is still in its prime. Here are some famous quotes on beauty to inspire you to admire the beauty around you. Famous Quotes on Beauty Joseph Addison: There is nothing that makes its way more directly to the soul than beauty. Leo Tolstoy: It is amazing how complete is the delusion that beauty is goodness. Carol Botwin: Pick a man for his human qualities, his values, his compatibility with you, rather than what he represents in status, power, or good looks. Edmund Burke: Beauty in distress is much the most affecting beauty. Jean Kerr: Im tired of all the nonsense about beauty being only skin-deep. Thats deep enough. What do you wantââ¬âan adorable pancreas? Johann Wolfgang von Goethe: The soul that sees beauty may sometimes walk alone. John Keats: Beauty is truth, truth beauty. ï » ¿John Kenneth Galbraith: There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting. Alexander Pope: Fair tresses mans imperial race ensnare/And beauty draws us with a single hair. Henry David Thoreau: The perception of beauty is a moral test. Oscar Wilde: No object is so beautiful that, under certain conditions, it will not look ugly. Saint Augustine: Since love grows within you, so beauty grows. For love is the beauty of the soul. Friedrich Nietzsche: Womens modesty generally increases with their beauty. Anne Roiphe: A woman whose smile is open and whose expression is glad has a kind of beauty no matter what she wears. Kahlil Gibran: Beauty is not in the face; beauty is a light in the heart. Ralph Waldo Emerson: Never lose an opportunity of seeing anything beautiful, for beauty is Gods handwriting. Ernest Hemingway: The echoes of beauty youve seen transpire, Resound through dying coals of a campfire. D. H. Lawrence: Beauty is an experience, nothing else. It is not a fixed pattern or an arrangement of features. It is something felt, a glow, or a communicated sense of fineness. Hellen Keller: The best and most beautiful things in the world cannot be seen or even touchedââ¬âthey must be felt with the heart. Voltaire: Beauty pleases the eyes only; sweetness of disposition charms the soul. Alexis Carrel: The love of beauty in its multiple forms is the noblest gift of the human cerebrum. Marcus Aurelius Antoninus: Whatever is in any way beautiful hath its source of beauty in itself, and is complete in itself; praise forms no part of it. So it is none the worse nor the better for being praised. Louisa May Alcott: Love is a great beautifier. Lord Byron: She walks in beauty like the night Of cloudless climes and starry skies; And all thats best of dark and bright Meet in her aspect and her eyes: Thus mellowed to that tender light Which heaven to gaudy day denies.
Wednesday, May 6, 2020
Zebra Paradise Free Essays
Zebra Paradise Think of your favorite place to be in your house. Where and why is it your favorite? The place I like to spend the most time in is my bedroom. It is where I go to study, watch television, and sleep. We will write a custom essay sample on Zebra Paradise or any similar topic only for you Order Now It is my favorite room because of the cozy atmosphere that I feel every time I step foot through the door. Not only is it a place to relax, but it is so much more. My room is a part of my personality, but most importantly, the place I grew up. In this descriptive essay, I will describe the basic things in my room, such as the color of my walls, bed, nightstand, dresser, and fan. I will depict the details of my closet and a few items that occupy the inside of it and tell about my television, my window, and everything surrounding them. When someone first steps foot into my room, he/she is usually captured by my bright colored walls. They are as pink as cotton candy, while only one wall is a shade darker than the other three. The door of my room is super white with a grey doorknob, which my sister claims to have ââ¬Å"accidentallyâ⬠broken the lock to. My queen size bed is located about four feet from my door, and it takes up most of the area. The frame is made out of black metal. My comforter accents my bed with black, white, and hot pink stripes. Two of my favorite animal prints are patterns that resemble a zebra and a leopard, which happens to be the design of my bedspread. I have silky, black sheets and a total of six pillows. They are soft and fluffy and never fail to provide me with a good nightââ¬â¢s sleep. Right beside my bed, there is a black nightstand with a few of my belongings sitting on top of it, such as my pink alarm clock, a clear lamp, and my black remote. A white fan hangs from my ceiling that adds a very clean and sophisticated look to my room. My garbage can sits beside the door to the left, patiently waiting to collect trash. It is small, black, and filled with countless water bottles. Near my garbage can is my silver dresser where I keep my never-ending collection of shorts and T-shirts. The top of my dresser is cluttered with certain nicknacks that I use throughout the day, such as my wallet, perfume, fingernail polish, a jewelry box, picture frames, and sunglasses. I have three separate outlets scattered throughout my room. There is one beside my dresser, under my window, and behind my bed, which are all cream colored. The wooden floor right beneath my dresser is where I keep my preferred shoes. Paired side by side are my Sperries, neon yellow Nikeââ¬â¢s, pink Shox, and my white cheerleading shoes. The focal point on the next wall is a double white closet. My Vera Bradley lanyard hangs from one knob, and on the other knob is a rosary. A red medal that I recently won for placing second at a powerlifting meet hangs next to it. Directly in front of my closet lies a stylish zebra rug which compliments my bedspread. My closet is not walk-in, so if someone were to open it, he/she would notice my winter clothes and school uniforms organized at the top. My casual and dressy clothing hang on the bottom rack. On the floor beneath my clothes is where my shoes are kept. I attempt to stand them upward on a shoe rack, but most of them do not fit. I own boots, heels, wedges, sandals, tennis shoes, slippers, and flip-flops. The other half of my closet is crowded with jackets, swimwear, photo albums, blankets, and other useless junk that I continue to hoard for no reason. In the corner of another wall sits a black 32â⬠Samsung television, housed on top of a wooden rolling cart that belonged to my grandfather. In the inside compartment of the rolling cart is a pack of index cards, an extra iPhone charger, and an iHome speaker. Behind my television is an enormous sketch pad and a poster that I drew for cheerleading camp during the summer of 2012. It reads, ââ¬Å"Geaux Mustangsâ⬠with a red and black megaphone. My window is located on the same wall as my television. It is a single window with white blinds and a valence that identically matches my bedspread. If someone were to peer out of my window, he/she would immediately notice my dadââ¬â¢s gigantic offshore fishing boat. It is easy to hear rain falling at night or birds chirping in the morning because of the window. One would also view two conjoined cages outside where my sister and I keep our pet rabbits. I hope it is now possible to vividly visualize every inch of my room. The nickname of it is ââ¬Å"zebra paradiseâ⬠because I am obsessed with that type of animal print. Nearly all of my belongings are black and pink with zebra print. It does not matter what my room looks like because the memories that were captured inside of it will last a lifetime. My room is special to me because it is my own personal escape, or paradise. It is very important for everyone to have a place they feel comfortable and safe in. I would not trade in my room for the world. How to cite Zebra Paradise, Essay examples
Monday, May 4, 2020
Stakeholder conflict and strateigic planning for tesco free essay sample
I am writing this report to talk about the purpose, objectives and responsibilities of organisations. I will also talk about the environment in which organisations operate, the stakeholders of the organisation, their needs and how the organisation deals with their conflicting needs. I will be explaining the importance of corporate strategy, strategic planning and strategic and tactical decision making within organisations, I will look at how they are made, and the purpose behind them. Discussionâ⬠¦ Every business has a purpose for which it exists, some purposes are common to most or all companies, such as making profit, and many purposes can be unique to its specific organisation. The purpose of the business can be found outlined in the organisationââ¬â¢s mission statement which is: ââ¬Å"A sentence describing a companys function, markets and competitive advantages; a short written statement of your business goals and philosophies. â⬠(Entrepreneur, 2014) It can also be found in their vision statement which focuses on the potential inherent in the companys future, or what they intend to be. And the values of the organisation can also help outline their purpose. Also all companies have a clear set of aims and objectives that are designed to reach their goals and fulfill their purpose. All of these help communicate the purpose and the views of the business to its employees to provide some motivation (if they agree with these values and views) and also to their stakeholders. This is important because it can gain the loyalty or support of those stakeholders if they feel that they can relate to the companyââ¬â¢s purpose and values. Different types of organisations have different purposes. One of the largest factors that can have an effect on the purpose of a business is its legal structure and type, for example it can be a private limited company (Ltd. ), or a public limited company (Plc. ). Their main purpose is always to make a profit. However, they should also have other purposes such as providing a good service or product to their target market, or helping their surrounding community in some way. Other organisations such as government organisation, although they still need to make money to survive, their main priority or purpose is to provide a service to the public. The same goes to most charitable organisations and many voluntary organisations. The company I have chosen to focus on in my report is Tesco Plc. Tesco is a Public limited company which means that it sells its shares to the public on the stock market. Tesco operates in both the secondary and tertiary sectors as it has its own brand of food and other things that are sold in their super markets, which they manufacture and process themselves, which fits in the secondary sector. They also deliver and sell goods to customers and provide them with services such as insurance and home deliveries, which classes as the tertiary sector. According to their customer service website, their core purpose is to create value for customers to earn their lifetime loyalty. This is also their mission statement, they achieve this through their taught values; No-one tries harder for customers, and Treat people how we like to be treated. Naturally there is an underlying aim of making profit, but it is clear that customer service is a clear priority at the top level of the company. Tesco also has clear aims and objectives. An aim is a long term goal for an organisation, e. g. To ensure customer satisfaction or to become the market leader in their industry. An objective is a medium term target that acts as a stepping stone to achieve the long term aims of the organisation. Organisations set aims and objectives for a number of reasons; to provide direction and a purpose for the organisation, to form a basis for allocating resources, to be motivational, to monitor performance and to measure success. For those objectives to be effective they need to be SMART, this stands for Specific, Measurable, Achievable, Relevant/Realistic and Time-based. Objectives are set depending on the overall aims of the organisation, an analysis of the business performance (e. g. a SWOT analysis), and on the ownership of the business ââ¬â the public sector businessesââ¬â¢ objectives are likely to focus on providing a service, whereas a business in the private sector is likely to set objectives focusing on profit and growth. A few objectives set by Tesco are: Reduce by 50% the amount of CO2e used in our distribution network to deliver a case of goods by 2012, against a baseline of 2006. Raise â⠬1,250,000 for Make-A-Wish Ireland in 2008 Increase the number of eligible own-brand lines with nutritional or front-of-pack GDA labelling to 80% of the total number of eligible brands, building on the achievement of 100% GDA labelling in Ireland for eligible own-brand products. Tescoââ¬â¢s main aims and objectives are mainly; to maximize sales, to grow and to maintain the status of being the number one retail company in the United Kingdom, to outshine and be better than their competitors and to remain the position of being the market leader, to maximize their profits and to also provide goods and services that are cheap and affordable to customers or the public. For Tesco to be able to achieve those aims and objectives, they need to identify and understand their stakeholders well, and understand what their needs and expectations from Tesco are as customers of their organisation. Tesco has a large number of stakeholders, the obvious ones being their employees, customers and shareholders. However there are also their suppliers, debtors, financial institutions (banks, mortgage lenders etc. ), environmental groups (e. g.green peace), government agencies and trade unions. Tesco has a good stakeholder engagement policy that fits into their corporate responsibility management. For example, they understand that their customer group of stakeholders expect things such as having a good shopping trip, a good neighbor, for Tesco to operate fairly and honestly and to provide a choice of products, including sustainable, healthy and affordable options. Tesco meets their needs by making their stores and staff a friendly environment,à by not overcharging their customers for their products. Tesco also organizes meetings called Customer Question Time (CQT) that gives their customers a chance to ask or raise any issues that may concern them, this helps Tesco understand their customers better and enables them to continuously improve their services to them. Another group of stakeholders for Tesco is their employees, who also have many expectations of the company as their employer. They expect to be paid fair wages, to have fair terms and conditions, to have an interesting and engaging job, to receive guidance from their managers and leaders when needed, to be treated respectfully, to have a safe and healthy working environment and to have opportunities to progress in their careers. Tesco meets these needs by paying fair wages and adding bonuses and pay rises to employees annually, they have routine health and safety checks, they give their staff the training they need and are always giving opportunities for self and career development. Tesco has all their employees participate in an anonymous Viewpoint survey every year to try to improve themselves as an employer and meet their employees need to a higher extent. The shareholders of Tesco are another important stakeholder group that Tesco needs to meet the needs of. Shareholders expect that Tesco be highly profitable and offer them good returns, they expect the company to be honest with them and to keep them well informed of the businessââ¬â¢s activities. Tesco tries to meet their needs to the most of their power by being honest with them and giving them their dividends fairly and in time. They also keep them well informed by sending regular emails with information about Tescoââ¬â¢s recent activities and latest plans. They also give their shareholders a degree of control over the business by allowing them to vote each year on which members of the board they think should stay, based on their judgment of whether or not they are doing their job competently. Another very powerful stakeholder of Tesco is the government. They expect Tesco to be legally compliant, stable, offer family-friendly opportunities, good quality training for its staff and timely payment of all taxes. It is extremely important that Tesco meets the needs of the government and keeps it satisfied, because the government has the power to shut Tesco down or at least make practicing their business extremely difficult. Tesco does pay its taxes timely and complies with the law. It offers equal opportunities for women, men, different ethnicities and races and for the disabled. It also offers sufficient training for its staff to enable them to carry out their jobs efficiently and safely. Different stakeholder groups have different needs and interests in the business, and in many cases there can be a conflict of interest, this is called stakeholder conflict. An example of this is that the customers of Tesco expect it to be easily accessible to them without them having to travel too much, this means that Tesco needs to have many branches of its store. This would also be in the interest of the shareholders of Tesco, because the more branches Tesco opens, the more customers can reach them which means they will likely be making more profit, which will be reflected in the dividends of the shareholders. However, this can be a concern to many communities who may worry about Tesco causing more pollution and waste to their environment, another issue that often arises is that it can affect local businesses by taking away their customers. Also, if Tesco were planning to build a large supermarket, the process of building can take a lot of time and can cause much noise and disruption. Tesco needs to address all of those issues and try to keep all of those stakeholders happy. To do this they need to decide which stakeholders are their priority and whose needs are more important to fulfill, but still keep the others satisfied as much as they can. I would advise them to use the Stakeholder Quadrant (aka the power interest matrix). This is a tool that allows them to categorize their stakeholder groups into four sections; the ââ¬Ëmeet their needsââ¬â¢ section, stakeholders who fall into this category have a high influence or power over the business but have a low level of interest. Tesco needs to keep these stakeholders well informed in their areas of interest, and engage and consult them on those areas. The government usually falls into this category of stakeholders. Tesco should also try to increase their interest in the business, because a stakeholder who has power can be useful or helpful to the business if they had an interest in the success of that business. This brings me on to the next section; the ââ¬Ëkey playersââ¬â¢. These stakeholders have a high level of power in the business but also a high level of interest. It is crucial to the success of the business to properly address, or have good awareness of the needs of these stakeholders, because they have the power to make the business a success or a failure depending on how happy you keep them. Customers, shareholders and employees fall into this category. Tesco needs to regularly engage and consult these stakeholders and involve them in governance or decision making bodies in the organisation, e. g. allowing the shareholders to vote on the board of directors. The next section is the ââ¬Ëshow considerationââ¬â¢ group. Those are the stakeholders who have a high interest but low power or influence over the business. Tesco needs to make use of these stakeholderââ¬â¢s interest and keep them involved through low risk activities. They should also keep them informed and consult them in their areas of interest because they can act as a goodwill ambassador or a potential supporter. The local community usually falls under this section. The final section is the ââ¬Ëleast importantââ¬â¢ category of stakeholders, and these are the people who have no power, influence or interest in the business. Tesco needs to put minimum efforts into these stakeholders, they may or may not keep them informed through general newsletters or emails. However it may be useful to Tesco to try and shift them into the ââ¬Ëshow considerationââ¬â¢ category by gaining their interest in their business. Businesses who operate in a different industry or in far locations of Tesco, who are not affected by Tesco may fall into this category. Referring back to the stakeholder conflict issue that I have mentioned above, it is clear from the Tesco Stakeholder Quadrant (appendix 1) that the stakeholders that hold the priority in that particular scenario are the customers and the shareholders because they fall into the ââ¬Ëkey playersââ¬â¢ category of the quadrant, whereas the local community and environmental groups fall into the ââ¬Ëshow considerationââ¬â¢ section. This shows me that it is more important to address the needs of the customers and shareholders because they have a greater influence on the organisation. However, because it is still important to consider the needs of the other stakeholders, Tesco can try to satisfy all parties by building their store, making their customers happy and also make more profits, which as well as satisfying their shareholders, will also help the organisation achieve their aims and objectives of maximizing their sales and making more profit, staying the market leader etc. And to satisfy the local community they can communicate to them that they will be offering more jobs in that area and they can also promise to help or support local businesses by signing on with local suppliers. To satisfy the environmental groups Tesco is attempting to minimize their carbon footprint and many of their product use only recyclable packaging. Tesco promotes Environmental awareness and being green. I believe that this kind of approach can keep nearly all of the stakeholders of Tesco satisfied, simply knowing that their needs and expectations are being considered, even through small gestures. This is simply one example of how Tesco deals with stakeholder conflict, but there are many other conflicts that Tesco deals with similarly. Every organisation has responsibilities that it needs to take on. Responsibilities towards their employees, their customers, the local communities, the government and the environment. These are called corporate responsibility. Tesco has a corporate strategy in place that aids them towards fulfilling those responsibilities. Their corporate strategy is shown in a diagram (appendix 2) that shows the goals that they would like to achieve. A strategy is made to clarify the direction and scope of an organisation, it helps that organisation use its resources efficiently n a changing business environment, to aid the organisation in meeting the marketââ¬â¢s needs and fulfilling their stakeholdersââ¬â¢ expectations. A clear strategy helps the stakeholders understand the purpose of the company, and what the company is aiming to become. I believe that the corporate strategy wheel that tesco has come up with is very useful in communicating what they want to be to their stakeholders and what they want to give them, for example they have included the community in their wheel, and one of their aims is to become a good neighbor. They have included their people (employees) in the wheel and stated that they want to give them an opportunity to advance in their careers. This not only communicates what they want to do, but it also helps motivate their stakeholders to support them. There are many aspects that need to be considered when making a strategy, such as what you want to achieve through this strategy. A strategy should be based on the aims and objectives that are specified by the business. You should consider how you wish to communicate this strategy to your stakeholders. A corporate strategy is formed of the companyââ¬â¢s mission statement, vision statement, aims and objectives, strategic plans, statement of values and their social responsibility policies, all of which aid in communicating to the stakeholders what the company is about, what it stands for and what it aims to achieve. An example of this is the corporate strategy wheel for Tesco that is included in the appendices. The corporate strategy is then broken down into the business strategy. This involves smaller, more specific strategies on how the business can allocate its resources to achieve the aims and objectives. A business strategy is more about consumer/market dynamics, core technology dynamics, competitor activity and financial constraints. Different types of business strategies include competitive advantage, cost advantage, market dominance, new product development, contraction/diversification, price leadership and many others. An example of a business strategy for Tesco can be a decision to become an international retailer. The business strategy can then be broken down again into functional strategies. These are the simplest form of strategies and they exist within different departments or functions of the business, they are meant to contribute to the strategic objectives. These strategies revolve around the skills of the staff in that function, and the recent performance of the function. An example of a functional strategy can be the IT department in Tesco introducing a new technology to be used and training the employees on how to use them. Tesco has a responsibility towards its employees to be a fair employer, to treat them without discrimination, to allow them equal chances to progress in their careers, to treat them respectfully and to provide help when they need it. Tesco also has a responsibility towards its customers to give them a pleasant shopping trip, clean isles, helpful staff and a safe place to shop. Tescoââ¬â¢s responsibilities donââ¬â¢t stop here, they also have ethical and legal responsibilities. For example the company must understand and adhere to the consumer legislations, employee legislation, equal opportunities and anti-discriminatory legislation, environmental legislation and health and safety legislation. The ethical responsibilities of Tesco include taking care of the environment that they operate within, ensuring that all of their trading operations are fair trade, being aware of and trying to reduce global warming, and charter compliance to ensure that they give back into the economy. Tescoââ¬â¢s seven part strategy (appendix 3) shows how they plan to fulfill those responsibilities. Conclusionâ⬠¦ In conclusion, I believe that having a clear vision and mission is key to Tescoââ¬â¢s success. By effectively communicating their values and their aims, they encourage the support of their stakeholders, including their employees, customers and investors. They deal with stakeholder conflict effectively, so that in the end everyoneââ¬â¢s views and concerns are taken into account and that Tesco still comes out of the conflict winning something whilst making their stakeholders happy. Tesco devises the correct strategies and plans to ensure that it meets its goals, and they gain the loyalty of their people to ensure their commitment to their cause. At the heart of all Tesco does is a commitment to being a responsible retailer. This is demonstrated through its focus on its ââ¬ËThree Big Ambitionsââ¬â¢ and ââ¬ËThe Essentialsââ¬â¢ to show how it is using its scale for good. Every decision taken considers these areas to ensure customers, communities, suppliers and staff are treated fairly and with respect. Tescoââ¬â¢s values underpin all that Tesco does and, in turn, keeps customers satisfied with their shopping experience and loyal to the brand
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