Strategic management Essay Example | Topics and Well Written Essays - 4500 words - 1

Strategic management - Essay ExampleIt does use all its operational activities in a very effective manner. The biggest substantiating advantage that the companionship has is that the counsel in which the company has understood the requirements of the customers in different locations. The way they have been able to achieve the customers satisfaction is an incredible consummation for the company. Tesco is passionate and also successful in building and developing the skills and talent among the employees from their own resources itself. The organizational culture followed in the company has allowed each employee to work in a very efficient manner and also as a single team. All the employees do work towards a common goal and objective. The company has also got a huge competitive advantage in the way it adapts itself to the changing market environment and thus the business process is very malleable in Tesco. The huge capital that the company has in its balance does provide Tesco with grant of stability and also take decisions which have lots of risks involved and with their success the company gets lots of benefits.This model of resource-based view does puts lots of focus on the way the internal capabilities of the organization is been utilised by the company for achieving its goals and for getting competitive advantage in the global competitive market. The internal capabilities of the company shows the way the company can make its strategies that can provide the company with lot of competitive advantage over the competitors. These internal capabilities of the organization do help the company to create value chain for the stakeholders and also for the customers. In Tesco the internal resources are the employees, equipments, cash flow and other resources. The company does make sure that all the internal resources of the company are been utilised in the best possible way and in most efficiently and