Transformative Leadership at Tesco

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Questions and Answers

What leadership style is primarily discussed in the context of Tesco's improvement under Dave Lewis?

Transactional leadership
Servant leadership
Transformative leadership (correct)
Autocratic leadership

Dave Lewis focused primarily on increasing sales at Tesco during his leadership.

False (B)

What economic factor, alongside leadership changes, may have contributed to Tesco's financial improvement during Dave Lewis' tenure?

Low interest rates

Dave Lewis was able to return Tesco to profit within ______ years.

<p>five</p> Signup and view all the answers

Match the following factors with their potential influence on a business's finances:

<p>Transformative leadership = Improves corporate culture and strategy Low interest rates = Encourages consumer spending Organizational size = Impacts operational efficiency Employee ownership = Enhances workplace independence</p> Signup and view all the answers

Flashcards

Transformative Leadership

A leadership style focused on changing business practices, often through exemplary executive behavior, strong corporate culture, employee empowerment, and independence.

Tesco's Improvement

Tesco's turnaround from losses to profits under Dave Lewis, attributed to strategic changes impacting profit, not necessarily sales.

Dave Lewis's Strategy

Dave Lewis's approach emphasized profitability over sales growth at Tesco, involving cost-cutting, product updates, and streamlining non-core operations to reverse Tesco's decline.

UK Retail Sales

Positive and increasing UK retail sales during Dave Lewis's tenure as CEO at Tesco.

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Low Interest Rates

Low interest rates during the period in question could have influenced consumer spending and potentially contributed to Tesco's improved financial position.

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Organizational Culture

The organizational culture and size of a company play crucial roles when determining the degree of change within the business and can influence its financial performance.

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External Factors

Factors outside a company, like interest rates and sales trends, can have an impact on a business's financial performance.

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Study Notes

Tesco's Transformative Leadership

Transformative leadership aims to improve business operations, often through strong corporate culture, employee empowerment, and executive examples.
Dave Lewis's leadership at Tesco is credited with turning the company profitable in five years through profit-focused strategy changes.
These changes included reducing non-essential activities and improving own-brand products.
While UK retail sales increased during Dave Lewis's tenure, particularly in 2015, low UK interest rates might have also contributed to Tesco's financial improvement.
Low interest rates make borrowing cheaper and often encourage spending.
Other factors like organizational culture and size also impact business change.
Tesco's turnaround, while successful under Dave Lewis, likely involved multiple contributing factors.