Preview

CIM Final Tesco P

Better Essays
Open Document
Open Document
1580 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
CIM Final Tesco P
Student Assignment Covering Form
Course/Unit Information
Course
Pearson (Edexcel) BTEC Level 7Extended Diploma in Strategic Management & Leadership
Unit No.
Unit 6
Unit Name
Creative and Innovative Management
Unit code
F/602/2064
Batch
I11/I21– CIM–1408
Student Information
(To be filled by the student prior submitting the assignment)
Name

Westford Student ID

Edexcel Student ID

Email

Date of Submission

Student Declaration
I, _________________ (Name) hereby confirm that this assignment is my own work and not copied or plagiarized. It has not previously been submitted as part of any assessment for this qualification. All the sources, from which information has been obtained for this assignment, have been referenced as per Harvard Referencing format. I further confirm that I have read and understood the Westford School of Management rules and regulations about plagiarism and copying and agree to be bound by them.
Students Signature : _____________________ (signed)
Student Name :
Date :
Contents
1 Introduction 3
2 Innovative & Creative Idea and Rationale for the Idea 3
3 Communicating the Idea to Stakeholders 3
3.1 Stakeholders of an Organization 3
3.2 Ways of Communicating Idea to the Stakeholders 4
4 Key Goals and Priorities 5
5 Barriers 5
5.1 Competitors 5
5.2 Self-Cannibalism 5
6 Strategy to Overcome Barriers & its Effectiveness 6
7 Conclusion 6
8 Bibliography 7

1 Introduction
This paper introduces the innovative and creative idea with respect to Tesco. This paper is a sequel of the CIM Interim Task whereby the process of creativity and innovative management was being reviewed. This paper however takes a step further and introduces a creative and innovative idea and devises a communication strategy to communicate it to the organization’s stakeholders.
2 Innovative & Creative Idea and Rationale for the Idea

AC 3.1 : Produce an appropriate rationale to persuade stakeholders of an organisation of the benefits of



Bibliography: Daily Mail (2011): The Great Tesco ‘Big Price Drop’ rip-off: Supermarket Pushed Prices UP weeks before its GBP 500m cost-cutting campaign. Available at: http://www.dailymail.co.uk/news/article-2049979/The-great-Tesco-Big-Price-Drop-rip-Supermarket-pushed-prices-UP-weeks-500m-cost-cutting-campaign.html Friedman & Miles (2006): Stakeholders: Theory and Practice. Oxford University Press Handford (2014): Prices London Coffee Shop Chains, 2014. Available at: http://www.londontoolkit.com/blog/eats/coffee-shop-chains-in-london/ Keynote (2012): Coffee & Sandwich Shops: Market Assessment 2012 Available at: http://www.keynote.co.uk.ezp1.bath.ac.uk/market-intelligence/view/product/10512/coffee-%26-sandwich-shops?highlight=coffee+%26+sandwich&utm_source=kn.r Tesco: About Us (2014): Our Businesses. Available at: http://www.tescoplc.com/index.asp?pageid=276 Tesco Plc (2013): Listening and Engaging, Ask more than Tell. Available at: www.tesco.com/csr/downloads/pdf3.pdf

You May Also Find These Documents Helpful

  • Powerful Essays

    Group trading profit of £1.6bn, down (10.5)% – UK down (12.4)% to £1.1bn; International down…

    • 15898 Words
    • 64 Pages
    Powerful Essays
  • Best Essays

    Professional Communication

    • 1816 Words
    • 8 Pages

    Thinking ‘outside the box’ is now, more than ever, being promoted by companies to get the edge over their competitors. Creative thinking develops innovations, modernization and improvements. All of these outcomes are greatly prized in the process of maximising an organisation’s resources to deliver better products and services.…

    • 1816 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Successful organizations have to be delivered new products and services to their customers in order to keep up with the times. Companies are required to display a creative outlook in their value offerings, advertising, packaging and delivering. Management of companies should show initiative and be willing to do new things and face new challenges in novel ways to get creative. Senior management in leading companies needs to determine the value of creativity then in their organization and see how it can be best managed.…

    • 2626 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    This paper provides a written analysis of the Innovation at International Foods (IFG) case study. The paper will provide an analysis of the issues that Josh Novak, the new team manager at IFG is facing with the existing staff. Josh has come for Glow-Foods which was a smaller company that has been purchased by IFG. Josh was retained due to the innovative ideas that produced significant growth at Glow-Foods by reaching the younger market. It has now become his job at IFG to do the same. However, as Josh is becoming more acclimated to the way things are done at IFG, he and his team are being bogged down with processes and procedures that are in place. The team does not believe that will be able to do the job they were hired to do. To be innovative, there must be some freedoms given, they need the proper tools and ability to gain knowledge and stay abreast of the new ideas in the market place. The task at hand is for Josh to keep his team on track, make sure they do are not discouraged and mitigate any risk. Josh has to win the support and trust of the existing teams so that they will respect and consider his team’s ideas.…

    • 1189 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    For this assignment you are expected to choose an innovative organisation and investigate from the perspective of innovation and creativity. You are asked to produce a 2500word Individual case report assignment answering the following questions;…

    • 272 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    M1 Unit 4

    • 1360 Words
    • 6 Pages

    All the submissions to be done through LMS, no email or other format will be accepted.…

    • 1360 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Many of us believe that to be fully creative, we would have to leave our lives as we know them: quit the job, move to another state, and divorce our spouses (Allen, 1988). There are a number of reasons why creative ideas fail to become innovations. Sometimes it is because the idea, which seems brilliant in concept, is flawed in application. More often, the problem is that organizations invest in creative ideas such as brainstorming events, idea management, idea campaigns, but fail to invest in implementing the most creative ideas that come from those initiatives.…

    • 1556 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Tesco

    • 9334 Words
    • 38 Pages

    Tesco has drawn many critics as a result of its “apparent” success. They claim that behind the fascia of the 'under one roof' out-of-town Tesco Extra, or the friendly high street Tesco Metro, lies a ruthless billion pound operation. In recent years, Tesco and its major supermarket rivals have faced criticism for abusing their monopoly positions and contributing to some of the major social and environmental problems plaguing society today. These include exploiting small…

    • 9334 Words
    • 38 Pages
    Powerful Essays
  • Best Essays

    Corporate Strategy of Tesco

    • 4104 Words
    • 17 Pages

    The company that our group has chosen to analyse is Tesco. Tesco was founded in 1919 by Jack Cohen who began his new venture by selling surplus groceries from a stall in the east end of London; One his first day he made £1 profit and £4 of sales (Tescoplc.com [history]). Tesco has come a long way since then and is now one of the largest food retailers in the world, operating around 2,318 stores and employing over 326,000 people. Not only has Tesco managed to monopolise the food sector, they have also diversified into a number of other sectors, some of which being insurance, mobile networks, clothing, and electronics. However, this report shall have a focus of the food sector in the United Kingdom.…

    • 4104 Words
    • 17 Pages
    Best Essays
  • Powerful Essays

    There are people who tend to prejudice against or in favor of a certain thing, individual, or group compared with another. This basically defines biasness and it is usually considered to be an unfair thought. Individuals not only act in a bias way towards people around them but also towards themselves without realizing it. This leads to the issue of biases in self-perception. Self-perception is defined as how an individual’s performance and controlling elements respond in a different way with his ability (Mead, 1934; Ryle, 1949; Skinner, 1957, as cited in Bem, 1967).…

    • 1312 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Starbucks Global Issues

    • 2987 Words
    • 12 Pages

    The purpose of this report is to center around a major organisation – Starbucks Coffee Company and to carry out a depth investigation into its position in global market and issues related to it.…

    • 2987 Words
    • 12 Pages
    Best Essays
  • Better Essays

    Coffeehouses first came popular in the UK in the mid-17th century with the first ones being established in Oxford in 1650. In the mid-1990s Seattle-based coffee shop conglomerate Starbucks successfully entered the UK market, which resulted in other chains making similar moves and, by the end of the 20th century, the coffee shop sector had experienced a boom, with a multitude of chains appearing on the market (Keynote, 2012). Although the majority of the coffee shops offer the same variety and quality of coffee, largely, customers prefer to visit one particular major chain of coffee shop above all others. The coffee shop chains engaging in horizontal product differentiation can explain this.…

    • 1651 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Organizations hire management teams to develop innovative ideas to compete in the marketing arena. Innovation is a topic often compared to creativity and design; however, one must be creative to design innovative products. To have a creative advantage the innovative product must be a design displaying incredible creativity to draw the consumer’s interest and contribute to the organizations success.…

    • 418 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Innovation and creativity have been known to go hand in hand when being applied to an organization with the intention of stepping ahead within an industry. When a business develops a strategic model, its strategy, processes, product, and service will be impacted by innovation and creativity. There are many benefits when using innovation in an organization. Reduced development costs can lead to a better bottom line in the long run. Along with utilizing advancements in technology, an organization can harness the already existing qualities it has in order to gain a better understanding…

    • 1792 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Sainsbury's Success Essay

    • 496 Words
    • 2 Pages

    The battle for market share is always front of mind for the supermarkets. Burr is sceptical of the value of Asda’s claims that its new Price Guarantee is the “final shot” in the price war between the supermarkets. She doesn’t believe it is a “game changer” and says that it hasn’t yet had any effect on the other supermarkets communications.…

    • 496 Words
    • 2 Pages
    Good Essays

Related Topics