Organisational strategy and decision making Essay

Organisational strategy and decision making - Essay Example It has also been observed that the company had set certain strategic directions for future, such as enlarging business in growing economies and empowering its competitive positioning among others. In order to mitigate the strategic issues and successfully attain the strategic directions for future, certain recommendations comprising both short and long-term have been provided. These include adopting, as well as utilising, the strategy of cost leadership and making substantial investments, especially in developing the performances of the entire workforce. Table of Contents Abstract 2 Introduction 4 Internal Audit–Strengths and Weaknesses 5 Strengths 5 Weaknesses 5 External Audit – Opportunities and Threats 6 Opportunities 6 Threats 6 Discussion 7 Evaluation 9 Conclusion 11 Recommendations 12 References 14 Introduction Strategies are fundamentally described as the ways that a particular organisation selects to compete with its key business market competitors or to comply with the requirements of the customers. In this similar context, organisational strategies are often defined as a pattern of effective policies, decisions, performances or programmes that support an organisation to accomplish its predetermined business goals and most significantly to attain significant competitive position over the major business market contenders (Rothwell, 1998). It has been apparently observed that the organisational strategies adopted as well as implemented by the organisations affect their decision-making procedures by a significant level. This is owing to the reason that the organisations deeply rely upon formulating effective strategies for the purpose of controlling as well as coordinating the information flow amid different parties such as the employees, stakeholders, investors and the customers (Fairholm, 2009). Tesco PLC is regarded as one of the biggest retailers in the entire globe which performs its business functions in 14 nations. The company employs nearly 5, 00,000 personnel and serves significant portion of customers every week (Tesco, 2013). The visions of the company are to attain utmost value from the customers that it serves and also the communities where it operates its different operational functions. Moreover, the other major vision of the company is to flourish itself as a pioneering as well as a modern company and grow its business in every region throughout the globe (Tesco, 2013). In this discussion, the internal audit of Tesco in the form of strengths as well as weaknesses and the external audit in the form of opportunities along with threats will be taken into concern. Moreover, a comprehensive analysis about the different strategic directions of the company will also be portrayed in the discussion. Internal Audit–Strengths and Weaknesses Strengths One of the major strengths of Tesco is that it is a leading organisation in the business market of the United Kingdom and is known as one of the best retail ch ains across the globe. Moreover, the other strengths of the company are strong brand recognition, increased business reputation and deliverance of superior quality products in accordance with meeting the requirements of the customers. In addition, the execution of e-retailing activities while conducting business is also regarded as the other crucial strength of the company. In this similar context, the company has acquired success due to its formulation