Tesco company 

 United Kingdom
Table of Contents
LIST OF TABLES AND FIGURES.........................................................................................................2
1. Introduction................................................................................................................................4
2. Challenge/problems the client is facing....................................................................................6
3. Purpose of the report.................................................................................................................7
4. Stakeholder analysis...................................................................................................................8

4.1 Impact of stakeholder research:....................................................................................................................8

4.2 Internal and External stakeholders:..............................................................................................................8

4.3 Stakeholder Map..........................................................................................................................9
5. PESTLE Analysis of Tesco......................................................................................................11

5.1 Political Factors.............................................................................................................................................11

5.2 Economic Factors..........................................................................................................................................11

5.3 Social Factors.................................................................................................................................................11

5.4 Technological Factors...................................................................................................................................11

5.5 Environmental Factors.................................................................................................................................12

5.6 Influential Legislative Issues........................................................................................................................12

6. Evaluation and analysis with secondary data..........................................................................13
7. The origins and development of Tesco, Inc. (BACKGROUND)...........................................15
8. Recommendations:...................................................................................................................20
9. Conclusion:...............................................................................................................................23
10. Reference:.................................................................................................................................24
LIST OF TABLES AND FIGURES
FIGURE 1 Internal and External Stakeholders............................................................................9

Figure 2 Stakeholder influence map........................................................................................10

Figure 3 Competitor Analysis...................................................................................................17

Figure 4 McKinsey7s model.....................................................................................................18

Figure 5 Lewin’s three-stage model of change (management)............................................... 19

 Executive summary
Tesco is a major worldwide retailer and service provider in the retail industry. Wealth and
Personal retailing, commercial retailing, and Global retailing & Markets service over 40 million
customers globally. They have a network that stretches throughout 64 nations and territories,
from Europe to the Middle East to North and South America. Data security was an important
concern when Tesco introduced a hybrid work paradigm in the UK market.
The authors of this study claim that allowing hot desks within Tesco will put customers' data at
risk. It would be difficult to give enough training and support to new staff while working from
home. Tesco employees' productivity, mental health, and well-being are also negatively
impacted. In the Hybrid technique, workers' compensation would be impacted. Tesco's running
expenses would rise if the business offered free office space. TFL and car dealerships would lose
money as a consequence of fewer people commuting. Tesco’s PESTLE analysis has also been
done in this assignment and all factors (political, environmental, technological, and social) have
been covered.
According to a stakeholder impact matrix, Tesco employees, customers, data storage providers,
and cloud storage providers will be examined as the hybrid data security strategy is
implemented in the firm. Tesco might identify and prioritize the interests of its stakeholders by
using a matrix tool. The market and competitive analysis of the data protection industry will be
covered in the study. To get a sense of what the disease might look like in the real world. Two
theoretical frameworks, one focused on data security, will be used to assess the hybrid working
model decision. Lewin's Three Stage Model of Change will be explored in light of a changing
workplace. Tesco retail saw a significant transformation in its working environment as a result
of the global epidemic. The 7S model was designed by McKinsey, and it will be used to evaluate
Tesco's internal change in the work environment in terms of the systems, skills, and working
style that it entails. Two of Tesco's new work standards include using hot desks and taking a
hybrid approach to the design of workstations.
The end of this paper contains several suggestions and concerns. Tesco may adjust its rules and
processes to adopt a mixed working strategy. It is possible to motivate remote employees with
reimbursements and tax effects.
 1. Introduction
Tesco Plc is a global general merchandise retailer (Tesco). Both physical sites and the internet
are used to carry out the business of the corporation. There are many different kinds of shops,
each with its specialties, such as huge, tiny, dotcom-only, and one-stop. Tesco has a wide
variety of food and non-food things, from fresh produce to baby goods to frozen meals to pet
supplies to consumer electronics and electrical goods, to mention a few. Tesco Bank in the UK
provides retail banking, consulting, and insurance services as well. The company has a strong
presence in Europe and the United Kingdom. Tesco's UK headquarters are located in Welwyn
Garden City, which is a suburb of London, Greater London. Tesco is the dominant retailer in the
United Kingdom's retail sector. As a member of the Big 4, which also includes Sainsbury's and
Asda, the supermarket prides itself on providing customers with excellent value and affordable
prices. More than 28.4 percent of the United Kingdom's retail market is occupied by Tesco. To
be successful in the food and non-food sectors, Tesco is significantly reliant on the strength of
its brand name. This increased customer loyalty, as well as increased sales. Tesco's business
plan is to expand via acquisitions of new stores and retail services, as well as to adapt to the
needs of its consumers. It's Tesco's business philosophy to make its consumers pleased when it
comes to servicing them. To compete with its competitors, Tesco employs a range of strategies.
Tactics like quality products, affordable pricing, accessible retail locations, and distribution
networks are essential. There are a few negatives to Tesco's incorporation as a corporation,
including the fact that it must reveal its financial information to the public when if it were a
private limited business, this would not be the case. One to four percent of UK employment is
supported by Tesco; this has a huge influence on the local and regional economy. At an average
seat, Tesco supports 1,500 jobs, which rises to 9,500 in the twenty districts where the company
has its greatest effect. This consultancy research will focus on Tesco's and other financial
institutions' adoption of a hybrid working paradigm (Kelly, 2021).
The writer believes that Tesco's decision to use a hybrid working paradigm would pose a serious
threat to data security in the retail industry. Investments in data storage facilities for both
clients and workers had been made by the firm. The company's cyber-security would be
strengthened as a result of this hybrid working approach (Cherowbrier, 2021). The report's
structure is based on several literature, historical insights, and examples. The emphasis of the
report will be on the work habits of Tesco's staff. The remedy to this data security issue will be
provided to the reader. As for the remainder of the document, it's organized as follows: Section
3 lays out the obstacles Tesco will face. Section 4 explains the report's aim. The selected
stakeholders in Section 5 were examined in more detail later on. Section 6 then assesses and
analyzes the industry, competitors, and theoretical framework that were adopted via secondary
research for this study. Section 7 finishes the study detailing a new working environment for
the corporate sector and discusses the proposal with potential problems.
 2. Challenge/problems the client is facing

When it comes to incorporating eCommerce into Tesco's business plan, things aren't always
smooth sailing. Customers, trust, and loyalty are among the obstacles to overcome in the
execution of a company's strategy. Every business has its own set of challenges when
transitioning to an e-commerce model. Debit cards, credit cards, and online payments are all
allowed by Tesco's system, although it doesn't accept some of the most popular e-commerce or
payment methods like PayPal. A faulty system has prevented some customers from making
purchases from the business so far. Customers lose interest in returning since it's harder to tell
one service from another when they become more automated. Some problems with the
organization's internet services are causing customers to have to wait for a download to begin
for up to 10 minutes, and the computers are slow. Sometimes the company has run out of
items without the knowledge of the management or there has been a delay in supplying the
products.
Tesco Plc, the UK's biggest supermarket retailer, has warned that earnings would be squeezed
this year as a result of rising living expenses for customers. Current economic conditions, as
well as a corresponding decrease in purchasing power, are major sources of concern. Tesco's
consumers are now more vulnerable to financial hardship because of rising unemployment. As
Tesco's new CEO, Ken Murphy is predicting a challenging holiday season for his company.
The hybrid working style would affect employees' pay scales since workers may have difficulty
obtaining promotions they rightfully deserve or may have a portion of their income reduced. If
people commuted less, businesses like Transport for London (TFL) and vehicle dealerships
would suffer financial losses.
After a split-over price raise with the US brand “Heinz” and “Cesar” in 2022, Tesco faces
shortages of Heinz baked beans, ketchup, salad cream and Cesar Pet Food Products.
Deterioration in product and service quality is also a challenge Tesco facing in 2022. Grocers in
the UK are feeling the effects of a rising cost of living and supply chain interruptions as a result
of Russia's invasion of Ukraine.
 3. Purpose of the report
The purpose of this company research is to investigate how Tesco's decision to implement a
hybrid working style in the United Kingdom will influence the performance of the retail
establishment. The purpose of this paper is to offer ways in which Tesco may enhance its
working style and safeguard its data to boost productivity at its operating site and minimize
future market damage.
 4. Stakeholder analysis
4.1 Impact of stakeholder research:
Many people within an organization have the potential to influence or be influenced by the
results or processes of a project. Anyone who is involved in the process, from the project
customer and investors to the suppliers and partners to the government, can have an impact
on the project's outcomes or processes (Roeder, 2013).

4.2 Internal and External stakeholders:

It is necessary to classify a number of the stakeholders since some of them can have a
significant effect on the project inside the company, either in a positive or negative direction.
Internal stakeholders are just as important as external stakeholders in change management.
Internal stakeholders may include, but are not limited to, senior executives, members of project
teams, managers, colleagues, investors, shareholders, and resource managers. The terms
"customers," "government agencies," "contractors," "subcontractors," and "suppliers" all fall
within the category of "external stakeholders" (Turner, 2016).
Tesco's internal and external stakeholders are shown in a visual arrangement below:

Figure 1. Internal and External Stakeholders

4.3 Stakeholder Map
Mendelow Matrix was the one who came up with the idea back in 1991. The matrix is used to
examine power, which is defined as "the ability to influence company strategy or project
resources," as well as interest (how attentive they are in the business or accomplishing a
project). Establishing a hierarchy of stakeholder audiences is an effective way to build a plan for
managing communications that will satisfy all involved parties (Gledhill, 2010).
Following the categorizations that have been determined, the following is a stakeholder map
for Tesco:

Figure 2. Stakeholder Influence Map

According to this idea, stakeholders have the potential to migrate between the four quadrants
if there is a shift in either their power or interest level.
Low Influence and Lack of Interest (Minimum Effort)
Examples of stakeholders are consumers or clients of Tesco, residents, and visitors of the
United Kingdom, and tourists visiting the United Kingdom. People who fall within this
demographic are willing to comply with instructions so long as those instructions are made
plain to them and they have sufficient background knowledge.
Low Power yet High Interest:
The terms "employees," "investors," "public and private sector firms," "start-up
entrepreneurs," "potential new graduates," and "junior workforce" are all examples of types of
stakeholders. With the help of this audience, any errors or omissions that have been made may
be called out. The Chief Executive Officer (CEO) has the responsibility of maintaining
transparency at all times, which places a high premium on the use of effective communication
strategies.
Maintaining Satisfaction High Power and Low Interest:
Chief Executive Officers are obligated to implement effective communication techniques with
the owners of buildings of Tesco. To prevent them from being too attentive and moving into the
key player’s quadrant, you must provide help to them. This may be accomplished by giving
them fewer opportunities to participate in the activity.
Key Players to Keep an Eye On (Extremely Influential and Extremely Fascinating):
Companies that supply data storage and cloud storage are among the most prominent players
in this industry. These high-level executives need to be involved right from the start of the
project for it to be successful. Maintain their participation and keep them linked to the project,
as Tesco will be devoting a significant amount of time and effort to it. The implementation of
efficient communication strategies and the making of significant efforts to guarantee the
satisfaction of Tesco's customers are both required to safeguard the confidentiality of Tesco's
customer data.
 5. PESTLE Analysis of Tesco
Tesco is a UK-based food retailer with operations in 12 countries across the world. It is only
second to Wal-Mart in terms of profits and sales but first in UK. Many people know Tesco as a
retail outlet for groceries as well as non-food goods, but the company also provides a broad
variety of financial and other services. Here are several Tesco PESTLE studies to help you learn
more about this multi-platform global retailer.

5.1 Political Factors

Tesco's success is significantly impacted by national and international politics. Tax rates,
legislation, and the political stability of the nation should all be taken into account. As a result
of the economic uncertainties, UK is urging firms to hire their residents. Tesco's initiatives to
give employment opportunities have resulted in an increase in demand for its products and a
more diversified workforce.

5.2 Economic Factors

For Tesco, they are the most important factors since they have the most impact on expenses,
demand, revenue generation, and price. The company should stay on top of any policy changes,
such as tax adjustments or other factors that might affect the availability of funding. However,
despite the company's countrywide expansion, it still maintains an approximately 30 percent
market share in the UK. One of the most company most important objective diversification has
played a significant influence in the company's development over the years. In order to counter
this, Tesco has shifted the focus of most of its advertising toward its value brands rather than its
higher-end offerings.

5.3 Social Factors

As a consequence of several socioeconomic changes, customers in the United Kingdom seem to
be moving toward bulk purchase and one-stop shopping. Non-food items are now available at
Tesco as a consequence. People's preferences for goods and services are heavily influenced by
the social milieu in which they live. As consumers become more health-conscious and their
eating habits evolve, Tesco is reacting to the rising demand for organic products.

5.4 Technological Factors

In recent years, Tesco has reaped the rewards of technical advancements that have created
several new opportunities. In addition, the advent of home delivery options for internet
purchasing is a significant development. Self-service checkout terminals appeal to customers
because of their simplicity and ease, which lowers labor costs. Tesco has invested heavily in
energy-saving measures in order to accomplish its long-term aim of decreasing its carbon
footprint.

5.5 Environmental Factors

By 2022, Tesco is committed to reducing its carbon footprint 50% as a result of the increasing
demand on businesses to address environmental issues and adopt measures that benefit the
community. To decrease waste in its stores, Tesco is encouraging its customers to feel a sense
of social responsibility.

5.6 Influential Legislative Issues

The government's rules and regulations have a direct impact on Tesco's business. In 2004, for
example, the Food Retailing Commission (FRC) suggested a Code of Practice that would ban a
number of current practices, such as altering prices without notice or demanding payments
from suppliers, to name a few. In order to facilitate these practices, Tesco provides its
customers with fuel savings depending on the amount of money they spend at the
supermarket. In addition, there are a number of promotional schemes that provide savings.
 6. Evaluation and analysis with secondary data
The Basic Concepts of Philosophy
The retail sector is booming in today's scenario especially because consumer needs are growing
and diversifying in today's world. There is a requirement to stay updated in this current market
to achieve strategic results and derive a competitive advantage. The retail market is one of the
most dynamic sectors around the world. This market tends to shift almost daily as per the
whims of various stakeholders who are associated with this sector.
The E-commerce industry has created a huge impact upon different levels of the retail sector.
Thus it can be easily opined by analyzing this scenario that Tesco has to focus more upon
keeping relevant price levels over their websites. These prices should always be quite relevant
as per different other prices that are kept by their various competitors. The e-commerce
industry and brick and mortar shops are thus not enemies for big chains. This E-commerce
websites may pose some threats to small shops. But for big organizations like that of Tesco,
there can be a symbiotic relationship between the two. This is thus very important for this
organization to segregate their various activities through these two zones as per that of a better
customer breach.
Company has to take appropriate measures to secure its data. The safety of the data associated
with your organization is important to the operation of every facet of your firm. As part of a
strategy known as zero trust, it is vital to store and utilize information in a secure manner (Voigt
and Bussche, 2017). The European Union's new data protection law is known as the General
Data Protection Regulation (GDPR). The Data Protection Directive (DPD) of 1995, on which the
present standards in the UK are based, has been replaced by the General Data Protection
Regulation (GDPR). The Data Protection Act of 2018 is being used to implement the General
Data Protection Regulation (GDPR) in the United Kingdom. GDPR defines personal data as any
information that, when coupled with other publicly accessible data, may be used to identify an
individual, either directly or indirectly. People's names and localities, as well as well-known
online identities, are good examples of this kind of data. Examples of personally identifiable
information include IP addresses and cookie IDs (Burgess, 2020).
It was designed to change the way companies and other organizations manage their customers'
and clients' personal information. When individuals break the rules, they put themselves and
their reputations at risk of serious consequences. The following are the seven most important
principles outlined in the General Data Protection Regulation (GDPR) of the United Kingdom,
which aims to regulate how personal data is handled:
 Compliance with the regulations of the law, fairness, and transparency;
 Utilization restrictions;
 Users should not be required to submit any more personal information about
themselves than is essential for an organization to carry out its mission.
 Accuracy;
 A deficit in the amount of available storage
 Inviolability in addition to the utmost discretion
 Accountability.

One of these approaches to accountability that has been adopted into the legislation governing
data protection in recent years. All of the other data protection regulations in the UK, including
the Data Protection Act, adhere to fundamentally similar principles (Suttie, 2021).
There are some challenges that Tesco facing like Ecommerce issue, credit card issues, Shortage
of “Heinz” and “Cesar” due to hike in price, deterioration in products and service quality and
employees fire and rehire scandal affecting the credibility of company and leaving its impacts
on stakeholders as well. The company is using different strategies to overcome these issues.
 7. The origins and development of Tesco, Inc. (BACKGROUND)
In the United Kingdom, Ireland, Asia, and Central and Eastern Europe, Tesco maintains a
network of food shops that comprises more than one thousand supermarkets, convenience
stores, and hypermarkets. These locations may be found in the United Kingdom. Food, on the
other hand, was the core emphasis of the corporation; but, in recent years, it has grown into
other areas, including clothes, consumer electronics, financial services, and the Internet.
The management approach of the organization places a primary emphasis on the loyalty and
value of its customers. The organization's vision and mission statements work to build in-depth
linkages and relationships with its customers, as well as to make an effort to comprehend the
demands of those customers and to institute practices that strengthen the existing relationship.
In addition, the department of human resources at Tesco makes a concerted effort to
guarantee that the company always has personnel that is adequately educated, energized, and
present in the appropriate numbers. The company, even though it is one of the oldest and most
successful retail enterprises in the world, is having a hard time generating profitability due to
the many challenges that it is now facing (Tesco Limited Official Website, 2022).

The image that follows provides an overview of the numerous steps that have been taken by
financial institutions throughout the globe, as reported by the Financial Times (Walker,
Rennison, and Franklin, 2021):
 Figure 3. Competitors Analysis

Theoretical Frameworks
It was decided to focus on McKinsey's 7S Model of Change (Management). The McKinsey 7S
Model evaluates the internal environment of an organization, including the systems, skills, and
working style that affect the company.
The 7S Model by McKinsey & Co.
Business strategists Robert Waterman Jr. and Tom Peters came up with the McKinsey 7S
Framework in the 1980s and it has been used ever since. Among the seven S model's seven
components are: structure, strategy, systems, skill, style, people, and shared values. Most
often, the model is used to evaluate and analyze changes in a business' internal state. Efficacy
in an organization is predicated on the coordination and reinforcement of these seven
components, which is postulated in the theory. For example, the model identifies what must be
re-aligned to increase performance and how to maintain alignment (and performance) intact
throughout other types of change, such as mergers and acquisitions (Davenport, Bensoussan,
and Fleisher, 2013).

Figure 4. McKinsey 7s model

The Tesco hybrid working style approach is included in the McKinsey 7S Model, which may be
found below. Tesco planned to continue to maintain its competitive edge over its competitors.
The experience that customers have, the engagement of workers, the value that is provided to
shareholders, and the ease of doing business are the four pillars of Tesco's 2022 plan for the
UK. This makes it possible for Tesco to achieve its goal of being simple, safe, and sustainable.
Understanding authority requires a fundamental familiarity with Tesco's organizational
structure. When working remotely for Tesco, it may be challenging to understand the
organizational structure of the company if the company has just engaged new employees. It
would be tough to comprehend and difficult to make sense of.
Culture is the central focus here. Because of the culture of the organization, which is related to
the way people behave, it will be impossible for employees to interact with one another when
the hybrid is used. Tesco employees are the ones who are responsible for carrying out the
company's day-to-day operations. This predicament calls for the involvement of humans.
Lewin’s Three Stage Model of Change (Management)
The Three-Stage Model of Change, established by Kurt Lewin in the early 1950s, is a model of change
management (Management). Lewin's three-stage model is considered by many to be a foundational tool
for managing change in today's society. Transformation (Management) is evaluated using Lewin's Three
Stage Model of Transformation (Management) that are involved in building urgency for a transformation
in behavior, moving toward that objective, and eventually establishing the new conduct as a company-
wide standard (Kotter, Brown, Martin, and Rigby, 2021).
Freezing: Because they gave more clarity and enabled workers to raise questions quicker while still on
the clock at work, in-person meetings and training were popular.

Figure 5: Lewins Three Stage Model

Many people had been eagerly awaiting the opportunity to work from home for a long period. Because
the plan was flexible, they didn't have to give up their jobs for their children. Survation surveyed 2,000
office workers and 500 CEOs in the UK and found that people want to return to work, but on their terms,
according to the results (OBeirne, 2021). Consequently, the staff has become more comfortable with the
new process.
 8. Recommendations:
In the following paragraphs, we will discuss some of the problems that have been identified
with Tesco's hybrid operating model. Retailers like Tesco may use eCommerce to increase their
client base, improve their communication channels, expand their product lines, reduce the cost
of operating a company, improve customer connections, and provide bespoke offers to
consumers, all without the requirement for a physical location. Such pioneering procedures
have been enthusiastically accepted by customers, resulting in a considerable increase in retail
sales for most enterprises, which are expected to see unprecedented growth.
Companies should improve their internal controls and contact procedures to maintain
efficiency; non-core functions, such as shop cleaning, should be outsourced to allow
management to focus on the company's primary business.
It is not realistic to have a central management structure of more than 1,000 stalls; if it is, then
there is a strong probability of excessive inefficiency in the chain's operations. Managers should
only be accountable for a small number of booths, and the management should adapt its
structure to make this happen. Improved e-delivery and issue solutions at the regional or local
level will result from this change. When it comes to the company's computer and internet
system, it seems to be a thorn in its side; the company's shortcomings are a direct result of
using obsolete or unreliable technology. The corporation has two alternatives when it comes to
the system: either overhaul the whole system and switch to a better one or make
improvements to the existing one. There are several factors to consider while deciding whether
or not to go with one option over another.
To maintain and enhance product quality and services, Tesco must increase the frequency with
which shelves are refilled and use TQM. Tesco must also provide these areas of training and
incentives for its employees. First, Tesco needs an in-house department or team dedicated to
keeping up with the latest trends and cultural quirks in the market. A new market outside of the
United States and Japan is quite important if Tesco wants to do so. Tesco has to rethink its
marketing strategy if they want to see better results. Some of the most effective Tesco
marketing strategies include internet marketing, viral marketing, earned media, co-branding,
and affinity marketing. Strategic marketing tactics will help Tesco attract more customers in the
future.
The disruption of the patterns involved in day-to-day life leads to heightened levels of concern,
stress, and financial hardship. It is very natural to have feelings of anxiety and tension as a
result of the disorder and ambiguity that exists. In June of 2021, business owners of retail
establishments were strongly encouraged to report for duty, but their arrival was met with a
hitch. The mood of the staff was helped along by the provision of a free lunch as well as
performances that were given to them in the afternoon (Morris, 2021). There are a variety of
channels via which managers may provide assistance to their employees and connect with
them. Two of these channels include holding regular online meetings and encouraging workers
to enroll in online classes that will help them improve their skills.
According to the findings of recent research, full-time Google workers who work remotely may
experience a reduction in their salary of up to 25 percent. Mark Zuckerberg, the chief executive
officer of Facebook, has said that workers who "flee to lower-cost places" may have their
remuneration reduced. If young workers are permitted to do their jobs from home in the
United Kingdom, their careers will suffer as a direct result of Rishi Sunak, the Chancellor of the
Exchequer. In the United Kingdom, employers have already implemented a pay-by-location
policy that accounts for 49% of salaries (Jones, 2021). Employees may reevaluate their decision
to relocate for job-related reasons after a pandemic. The pay committees of corporations have
to adjust their policies and practices because this factor will be of the utmost importance in
determining everything. Construct a framework that can be repeated, has clearly defined
parameters, and takes into account a variety of elements, including geographical location,
experience, and skill set. As a direct consequence of this, for the foreseeable future, the options
for both compensation and location will differ depending on the sector and the company.
The firm has lowered the amount of office space it requires by enabling workers to work from
home as a direct effect of the outbreak. The financial institution anticipates "additional savings"
as a result of a hurried "rationalization of its real estate portfolio" (Arons, 2021). Everyone who
is employed by the organization is expected to show up for work at very least once or twice
every week. The Financial Times forecasts that employees will begin returning to their regular
places of employment in June of 2021. On the other hand, this might be significantly influenced
by the location of the office building itself as well as the length of time it takes employees to go
back to work. The business has given its approval for a contract to be made with IWG as a
flexible office firm. This will enable the organization's 95,000 employees to work from sites
"near home" rather than having to commute to cities. All 13,000 office-based workers
employed by Nationwide were offered the opportunity to work from home on a full-time basis
if they so desired. Despite this, the organization has decided to do research this spring into the
feasibility of a hybrid working arrangement since 77 percent of its employees wish to continue
working remotely (Morris, 2021). These kinds of movements might be made by Tesco. You
don't have to keep books and CDs on the shelf if they can be purchased online. Clothing, infant
care, and health and beauty might all benefit from Tesco's new location. There is a lot of
potentials to grow the Florence and Fred brand.
 9. Conclusion:
Tesco has the intention of laying off 35,000 workers, which will bring its overall workforce
reduction to 200,000. They planned to achieve their goal of saving $5.5 billion by lowering the
amount of worldwide commerce and keeping interest rates at extremely low levels. As a direct
result of this circumstance, it is quite improbable that Tesco will be able to renew a major
proportion of its leases during the next three to five years. For the company to realize its goal of
cutting expenditures at its global headquarters by forty percent, the company must take the
following steps. The whole organization, except for its branches, adheres to a rule that
stipulates there must be at least two employees present at each desk.
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