Analysis Earned Value Analysis - 904 Words

Earned Value Analysis Team structure, effective communication, risk, cost data and projections, performance metrics, and personnel resources are all pertinent mechanisms that have to be considered in order to track and successfully execute a project (CSU-Global, 2015). After a period of meticulous planning, project managers anticipate that their projects will be executed on schedule and within the proposed budget; nevertheless, according to Maheshwari and Credle (2010), there are internal and external factors that can impede a project’s progress. Therefore, once a project is in motion project managers often rely on tools to assist them with staying on course – and to mitigate project risk. One such tool is an Earned Value Analysis (EVA) report that can help quantify a project s progress during the monitoring and controlling stages - at select time intervals. The EVA can also be used to forecast a project’s completion date and present an analysis of variances that may occur due to add itional or misinterpreted requirements (Maheshwari et al., 2010). Regardless of how the project information is formatted there are several key elements that should be included in the EVA to include, but not limited to, financial data described as planned value, actual cost, and earned value, which are accompanied by project variances and forecasting (Project Management Guru, 2012). The bottom line is that an EVA can be used to help determine - and provide interested parties - the overallShow MoreRelatedCost Control of Construction Projects Through Earned Value Analysis1770 Words   |  8 PagesCost Control of Projects: An Introduction to Earned Value Analysis Abstract Earned value analysis is a method of performance measurement. Many project managers manage their project performance by comparing planned to actual results. With this method, one could easily be on time but overspend according to the plan. A better method is earned value because it integrates cost, schedule and scope and can be used to forecast future performance and project completion dates. It is an â€Å"early warning†Read MoreThe Impact Of Earned Value Analysis Of Managing Project Cost Control919 Words   |  4 PagesThe impact of Earned Value analysis in managing project cost control is undeniable. When EVM is implemented on a project, there are significant benefits to the project manager and the customer. Project manager benefits include increased visibility and control to proactively respond to issues that can impact project schedule, cost and objectives. Customer benefits include increase confidence in the PM’s ability to manage the project and track the progre ss of their project. Additionally, EVM providesRead MoreMeasuring Performance, Cost, And Scheduling837 Words   |  4 Pagespart of quantifying earned value. Analyzing a project’s earned value is necessary when reporting to stakeholders. The data must be comprehensive in nature to ensure stakeholders appreciate the assessment of the project in its current status. Measuring performance is critical throughout the duration of the project because project managers and stakeholders can make acute decisions relating to scope creep, crashing a project, or quality in performance or product. Earn value analysis link the project’sRead MoreAriba Implementation at MED X: Managing Earned Value1697 Words   |  7 Pagesï » ¿ Case Study II. ARIBA IMPLEMENTATION AT MED-X: MANAGING EARNED VALUE UNIVERSITY OF CONNECTICUT OPIM 5668 Project Risk and Cost Management (GROUP III) 18 Feb 2015 Executive Summary: MED-X, a Fortune 500 pharmaceutical company with headquarters in Houston, Texas with 54 plants and more than 40,000 employees world-wide, has undertaken a $2 million Ariba e-procurement project implementation. 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It also collects data for charting and analysis in the following CHECK and ACT steps. 3. Comparing actual with planned performance: A business then compares the actual result against the expected result to figure out any differences. 4. Taking action: After comparing result, a businessRead MoreEssay about Proj 592 All Discussions Week 1 - 71455 Words   |  6 PagesEstimates and Assumptions PROJ 592 Week 2 DQ 1 Cost Components PROJ 592 Week 2 DQ 2 Estimating Processes PROJ 592 Week 3 DQ 1 Project Schedules PROJ 592 Week 3 DQ 2 Sensitivity Analysis PROJ 592 Week 4 DQ 1 Resource Allocation and Leveling PROJ 592 Week 4 DQ 2 Advanced Schedule Techniques PROJ 592 Week 5 DQ 1 Earned Value Calculation PROJ 592 Week 5 DQ 2 Project Monitoring and Control EV PROJ 592 Week 6 DQ 1 Forecasting Project Completion Cost PROJ 592 Week 6 DQ 2 Project Control PROJ 592Read MoreCase Study : The Boeing Company1453 Words   |  6 PagesCompany. The company’s vision is divided into three different areas which are: Strategies, Core competencies, and Values. Examples for strategies are, deliver customer value, lead with innovation, leverage global strength. Examples for core competencies are, detailed customer knowledge and focus, technical and functional excellence, lean global enterprise. Examples for values are integrity, quality, safety, trust and respect, and stakeholder success. Daily Tasks and Activities During my internshipRead MoreFinancial Analysis of Bmw1746 Words   |  7 Pages7.0 Ratio Analysis Ratio analysis is the starting point in developing the information desired by the analyst. Ratio analysis provides only a single snapshot, the analysis being for one given point or period in time. In the ratio analysis, it is possible to define the company ratio with a standard one. I different ratio that can be classified as follows: âž ¢ Liquidity ratio âž ¢ Activity ratio âž ¢ Profitability ratio âž ¢ Debt-coverage ratio. 7.1 Liquidity ratio: A liquidityRead MoreProject Management: Milestone Analysis1619 Words   |  7 Pagesare some benefits and key drawbacks of a milestone analysis? Milestone analysis is a method of analyzing the progress of a project throughout a projects life cycle ADDIN EN.CITE Flouris2008163(Flouris Lock, 2008)1631636Flouris, T.G.Lock, D.Aviation Project Management2008110 Cherry StreetAshgate9780754673958http://books.google.co.ke/books?id=B28AOHiX7qEC( HYPERLINK l _ENREF_2 o Flouris, 2008 #163 Flouris Lock, 2008). It involves the analysis of project progress and actual costs in comparison

Throughout a lifetime, only so much conflict could be bore...

Throughout a lifetime, only so much conflict could be bore upon oneself. There is always a breaking point, the important aspect is the timing. From my story Wuthering Heights to Beowulf and Canterbury Tales there are conflicts that have been exaggerated and then blown to preposterous proportions. In Sir Gawain and the Green Knight there are conflicts between man and man just like there are in the world we live in today. Conflicts in books or stories could show what is going on in the real world or what an author is thinking and making up.In Wuthering Heights there could be two different conflicts man vs. man, with the conflict between Heathcliff and Edgar, as well as a conflict of man vs. self, with the inner conflict that Catherine faces†¦show more content†¦Heathcliff is the only character who is considered a hero at all, but only to the audience in a romantic hero kind of perspective (Wuthering Heights). In the novel Heathcliff abuses a young woman named Isabella Linton, the selfish snotty sister of Edgar, and she continuously goes back to Heathcliff. To the audience Heathcliff is the young man who everyone wants to see as the romantic hero, allowing them to foresee the pain and violence he causes to Isabella. Only with the deception of Heathcliff Wuthering Heights has a hero, there are no other ways to try and make a hero. Even with one hero the entire story seemed to be wrapped around only three people and only one love. The one love blossomed upon the arrival of Heathcliff into the home of the Earnshaws. Heathcliff was brought into the home by Mr. Earnshaw, who in turn sparked the love of the young children. Upon the death of Mr. Earnshaw, Hindley Earnshaw, the son of Mr. Earnshaw and brother of Catherine, treated Heathcliff more like a servant than a equal. The sparks behind the madness of Hindley was the way Mr. Earnshaw began to adore Heathcliff over Hindley, which made Hindley jealous (Hindley Earnshaw). During all of the past actions, Cathe rine and Heathcliff were obliviant due to the fun they had together at young ages, which began the love they would soon share. When Catherine and Heathcliff were young they did not expand their small circleShow MoreRelatedPsychosexual Development and Human Sexuality1546 Words   |  7 PagesThroughout the history of the human race, and even more so today, our own sexuality has become topic for hot debate. Questions of why people prefer on gender over the other, or why some people take pleasure in activities others consider strange. To understand how and why people display certain sexual tendencies it is important to look at how they developed and the type of history a person has. Despite popular belief, not all gay men have been sexually abused as children. 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Drucker Credits Front Cover Copyright About the Publisher iii Introduction: Tomorrow’s â€Å"Hot† Issues Where, readers may ask, is the discussion of COMPETITIVE STRATEGY, of LEADERSHIP, ofRead MoreDeveloping Management Skills404131 Words   |  1617 PagesManaging Personal Stress 105 Solving Problems Analytically and Creatively 167 PART II 4 5 6 7 INTERPERSONAL SKILLS 232 233 Building Relationships by Communicating Supportively Gaining Power and Influence 279 Motivating Others 323 Managing Conflict 373 PART III GROUP SKILLS 438 8 Empowering and Delegating 439 9 Building Effective Teams and Teamwork 489 10 Leading Positive Change 533 PART IV SPECIFIC COMMUNICATION SKILLS 590 591 Supplement A Making Oral and Written PresentationsRead More65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words   |  190 Pagesawarded over $850,000 in grants to forty organizations that pursue initiatives in education and literacy. 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But much of the country was beginning toRead MoreMonsanto: Better Living Through Genetic Engineering96204 Words   |  385 Pagescompanies, and one of the entertaining bits of the analysis process is to compare what you have said they should do with what they really have done. So, it is best not to check the Internet to see current strategies until you have completed your analysis. What follows is one analytical system, a fairly tight one that you may want to adapt according to how much time you have and the style of the case. in the Australian ice-cream industry, the demographic analysis may have this comment: ‘A large babyRead More1000 Word Essay85965 Words   |  344 Pagesself-development opportunities for DACs. Provide self-development opportunities for DAC ACES professional and support staff. (AR 621-5 Feb 2004 / 2-2 / PDF 12) What does TABE stand for? 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AIDS Impacts Escalate From Families to the World Free Essays

The world always poses innumerable threats to humankind’s health and well being. Famine, flood, earthquakes, war, terrorism, epidemics and natural disasters riddle our lives with tragedy. One of the most terrifying of these killers remains silent and unseen even though it may lurk beneath the very skin of those individuals you cherish most. We will write a custom essay sample on AIDS: Impacts Escalate From Families to the World or any similar topic only for you Order Now This terrifying phenomenon has traveled throughout the world and has settled into even the most prosperous nations. Medical advancements, educational programs and government policies have not had success in subduing the spread of this biological executioner. For over three decades, the AIDS virus has run rampant across the globe. As time goes on we see more infections and fewer solutions to the ongoing problems this virus leaves in its wake. The AIDS virus has caused a great deal of substantial and devastating impacts worldwide. To better understand those impacts, a review of the virus and its capabilities will reveal just what a powerful infection this microorganism causes. At first, the AIDS virus appears harmless. It does not bring about immediate impending death or even directly harsh and noticeable symptoms. Unlike that of the dreaded avian bird flu virus which killed several people in Asia with in a matter of days, the AIDS virus can afflict a body for over a decade before death ensues. This happens as a result of the immune deficiency that AIDS causes in a body. The virus itself would not bring about mortality, but for the fact that hampers its host’s immune system, leaving the person susceptible to contracting other illnesses and disease. Chronic illnesses can last for years, can reoccur constantly, and finally can destroy the AIDS afflicted individual once their immune system has broken down to the point of no survival. In this respect unlike other infections AIDS slowly kills its host, and during that slow period of transition can render a person completely incapacitated with other illnesses. This aspect of the disease has just as much impact on the world as the impending deaths that follow. The AIDS virus transmits itself through contact with body fluids. This means, blood, semen, saliva and other body fluids have the potential to infect others. Unprotected sexual intercourse has most often received the blame for transmission, or perhaps most often gets popular media coverage. Similarly, AIDS transmission also occurs like wildfire among drug users who contract the virus using contaminated hypodermic needles. Sadly enough, cases in which a mistaken blood transfusion held the virus has also caused infection. AIDS also passes from mother to unborn child. So if the mother incurs the infection prior to giving birth, her child will likely have HIV as well. Unfortunately the threat of contracting AIDS increasingly impacts the world as lack of funding and education lead to misinformed populations. While there exist medical treatments for individuals afflicted with AIDS, the treatments only subdue the symptoms of the virus for a time rather than eradicate the illness completely. The medical world has had considerable trouble controlling the AIDS virus and formulating a vaccine for it because of, â€Å"the ability of a virus to change its genetic structure, which, in turn, changes the very proteins in the envelope that would be targeted by a vaccine. Exactly why some viruses shift so drastically and the AIDS virus seems to be able to change its colors as fast as the classic chameleon of the viral world, the flu virus — is unclear† (Langone 150). As the previous statement explains, the rapidly mutating virus makes it nearly impossible to replicate the correct variables for an effective antibody. This impacts the world leaving the medical field at a loss for answers and people at a loss for cures. More personally, the AIDS virus impacts families around the world. When men of the family incur the virus, they most likely will unknowingly transmit it to their wives as well. Men, who act as the predominant financial supporters of the household find their health and their ability to provide for their loved ones failing. When the patriarch cannot work and bring home finances the family may find itself sliding into poverty. Especially if healthcare providers learn of the man’s illness and refuses to pay the vastly incremental costs that the malady can accrue over time. So, as the men of families contract and struggle with the affliction, the rest of the family feels the impact and later as we shall see so does the rest of the world. Women feel just as much impact from the AIDS virus and possibly more. If their husbands have unknowingly contracted the virus, chances are that wives will then incur the infection from their spouses. In some cases women in this situation may conceive children which will also have the virus upon birth. Women feel a great impact from the AIDS virus since they act as the primary caregivers of the family. Time spent at home caring for an ailing husband leaves them unable to find financially productive jobs in the community (â€Å"On the Socioeconomic Impact of the HIV/AIDS Epidemic†). Mothers afflicted by the AIDS virus will eventually fade like their husbands, and in doing so leave their unaffected children as orphans. The impact of AIDS in this regard has a devastating impact on the individual families as well as the world. Similarly, as mentioned above, children can feel the most severe impact of AIDS in their lives. As parents weaken and families fall deeper into poverty, children find themselves without care givers and the basic needs for food, shelter and safety go unfulfilled. If the children have contracted AIDS from their parents upon birth, they too face the impending doom as the virus ravages their immune system. Over all the effect on children can be seen as, â€Å"AIDS is decimating entire generations of productive young adults, while leaving behind a huge cohort of children without parents and adequate community support, vulnerable to exploitation and lacking education and livelihood opportunities† (â€Å"On the Socioeconomic Impact of the HIV/AIDS Epidemic†). This impact of AIDS on children has impounding world wide impacts as will later be discussed. Lastly, elders in the family who have not contracted the AIDS virus also feel the impact as the affliction ravages younger family members. Grandparents must often take in their orphaned grandchildren. If the elders have lost their health and capabilities, they often depend on the help and financial support of their children. With AIDS destroying their offspring, it also destroys their caregivers and financial support for health and medical needs as well. In this respect, AIDS impacts both ends of the age spectrum, both the very young and the elderly. All of these familial impacts have been felt by humans worldwide. In relation, we have seen how the AIDS virus tears apart families and impacts all persons of the family. These impacts further compound from individual families, eventually reaching out and affecting entire populations. The mortality rates of AIDS affect areas obviously increase. As both young children and adults die from their AIDS induced illnesses. Also, the average life expectancy of individuals drops drastically in these populations, due to the fact that AIDS transmission most often occurs in children and young adults. As stated by the article, On the Socioeconomic Impact of the HIV/AIDS Epidemic, â€Å"AIDS kills people mostly in the 15-49 year age group.† This age range of incurred infection leads to a drop in years of life as younger people die of the virus well before the normal projection of life expectancy. For example, â€Å"By 2005-2010, average life expectancy at birth in the 11 worst affected countries is projected to decrease to 44 years. instead of rising to 61 years as projected in the absence of the disease† (â€Å"On the Socioeconomic Impact of the HIV/AIDS Epidemic†).   Lastly, due to the fact that AIDS affects persons in their reproductive years, a decrease in child bearing ensues, leading to population decline in afflicted nations around the world. Over all the AIDS virus has caused a great deal of substantial and devastating impacts worldwide. Men, who act as the financial backbone of the families fall ill and can no longer provide for their families needs. The women often spend time caring for their ailing husbands rather than obtaining jobs for needed income. The women and children can also unknowingly incur infection from the men of the family. Children and elders who are not affected find themselves without care givers and financial supporters. All of this adds up to leave nations around the world with increased mortality rates, lower life expectancy rates and fewer birthrates. Also of importance to note are the economic impacts felt around the world as labor force declines the individuals affected can no longer work. Families as well as nations slide into poverty when they cannot produce the food or materials needed due to lack of human resources. How to cite AIDS: Impacts Escalate From Families to the World, Papers

Contemporary Issues in HR Practice

Question: Has The King Of The Supermarkets Lost Its Crown? Answer: 1. Introduction: By the end of February on 2015, Tesco has projected a loss of 6.4 billion pounds (BBC News, 2015). The report targets to identify and critically analyse the key issues of human resource management (HRM) at Tesco. Tesco has the largest chain in the United Kingdom supermarket sector. The loss suffered by Tesco is the biggest loss ever for the UKs supermarket in the corporate history (BBC News, 2015). Due to several causes, Tesco has faced such disappointed result in their financial performance. The issues may be varied and those may be in customer satisfaction or in employee performance or in strategies used by the company. The reasons for such loss are assessed using the proper human resource models and theories. The business report is thus going to discussed the areas where Tesco lacks with the help of current supermarket leading performers benchmarking performance, Tescos strategic HRM models have been evaluated over here. The business report concludes how the retailer, Tesco can be recommended based on the real cases of the global supermarket. 2. Key Human Resource Issues at Tesco: It can be seen as per the financial report of Tesco since 2010 that, the retailer has faced a lot of problems from the supermarket has faced a great footfall in their property portfolio (Truss, et al., 2012). Without sales, no company can earn revenues and thus have a profit at the end of their financial period. These profits then help the company in growth and expansion. The company has experienced a huge loss in the current year in comparison to the earlier years performance. It can be seen in the following structure of the financial year report of Tesco. HRM is the one of the main resources of Tesco since it helps to accomplish organizational objectives and also offers innovative ideas those may be effective in the business process. The retailer actually trades in the highly competitive market, where consumers have several numbers of options to choose from. Human resource is the key factor of an organisation for making profits and business growth. If manpower has boosted energy to give a strong performance, then only an organisation like Tesco can make their business fruitful (Gulati Soni, 2015). Figure 1: Financial Report of Tesco Since 2010 Source 1: (BBC News, 2015) The relationship between employee and employer, working culture, labour rules, economic and competition, working environment are few factors that are key issues of SHRM or strategic human resource management within Tesco. These factors are not managed by Tesco properly and as a consequence, the retailer has faced such a big downfall in their business recently. Since, the retailer does not use the latest technology, the consumers are less interested in their products which results in a decrease in sales. The competitors took an advantage of the downfalls of the organization and provided the consumers what Tesco was lacking. As an outcome customer base of Tesco has decreased (Samantara Sharma, 2014). Today, the retail market is dominated by the e-commerce retailers mostly. People are more comfortable with the electronic grocery system and they like to buy their commodities over the internet. But, Tesco has not implemented such a big and developed network for its consumers (Xie Allen, 2013). Another issue is that with the dynamically changing consumers needs, market trends have also changed. Business operations and employees training and development programs must be aligned with the changing trends (Brown Grundy, 2012). But, Tesco is not able to cope up with the changing market challenges and thus it has to face such loss. (Entrekin Scott-Ladd, 2013). Another problem in the case of Tescos downfall is that the HR managers do not get enough importance in the decision-making process by the top management department of Tesco. Hence, not all good ideas come up while making major decisions. Creativity is not seen. This also de-motivates the HR managers as it gives them a feeling of ignorance. The confidence of the managers goes down and they are unable to give their 100%. The work they do doesnt give them happiness anymore. Moreover any important feedbacks of the working staffs are ignored as HR managers do not get much importance to the top managerial personnel (Chandra, 2013). 3. McKinseys 7S Model: McKinseys 7S model is used to analyse the position in which an organisation is situated for achieving its objectives. McKinsey has suggested the 7-S framework that aspires seven internal factors for making a successful business, in an alignment of those factors. Seven S indicates to: Skills Structure System Staff Shared value Style It is an effective model to improve Tescos performance (Singh, 2013). The model helps to assess likely future changes of Tesco. With the help of this model, all the departments may align to work accordingly. This model helps to recognize the ways using which an organization like Tesco can implement an appropriate strategy. Figure 2: McKinseys 7S model Source 2: (Choi, et al., 2012) Hard elements in this model are structure, strategy and systems. These are easier to identify and these factors can be influenced directly by companys management. These are Tescos reporting lines, information technology systems and formal procedures. The Strategy here tells us about the methods the company uses in order to achieve its goals and objectives. The Structure tells us about the management of the company. It tells us about top to down management and how it works. System shows us how a company finishes it works and how it achieves it goals. In this process, the company has to identify the important works and get over it first. System shows us how smartly the company has operated and taken care of its business. Strategic human resource management has a lot of strategic issues and thus, Tescos performance degrades its scale of performance. Tescos remuneration structure for men and women is different. This has created a bad effect in their employee management system (Baroto, et al., 2014). Most of the people nowadays opt for a better option like buying over the internet rather buying from the physical market. Tesco has a lack insufficient IT infrastructure so that they can dominate in the e-retail market. However, Tesco leads in the UK supermarket. Soft elements are more intangible and influenced by cultural factors within Tescos business operation. These are difficult to elaborate. These are skills, style, staff and shared values. Shared values can be termed as working together of the team members of Tesco to achieve the overall goals and objectives of the organization. From employers to individual employees all are devoted to accomplishing the unique target of Tesco (Galbraith, 2012). This can be called as shared value. But, the fact is there has a lack in smooth communication and relationship among the employers and employees of Tesco. Skill is although an intangible thing but is very important factor to be focused upon. Skill describes what a company can actually do. It shows the capabilities of the organization to do any particular job. Lately the company has not been co-ordinating well with its staff and not giving them appropriate knowledge and information for them to carry their jobs effectively and efficiently. Since, without having proper knowledge about the business operations and service, employees cannot communicate and dealt with the consumers in a proper manner (Cummings Angwin, 2015). Style denotes to the ways of business operations by which Tesco deals with its consumers. Ever organization has its own style of working and achieving its goals. Tesco has its own style. Tesco basically focuses on 4 different parts or areas which can be termed as financial, customers, operations and employee performance. Style may differ in the employees working performance. The sector is more dependent upon the satisfaction of consumers fluctuated needs and demands. But, Tesco is unable to cope up with this type of change management policies (Kemp, et al., 2012). 4. Performance Management: Performance management program is liable for setting organizational goals so that those can be accomplished in order to get the desired outcome in the business sector. Performance management has a huge impact upon alignment of teams goals with individuals interests and finance, people, organizational change and growth (Sharma, 2014). Tesco has a deficiency in this particular matter since the UKs biggest retailer is unable to attract more customers by satisfying their current demands. The organization is unable to evaluate or find out the demands and changes in the running market due to which it is losing its customers. Performance management does not only deal with aforesaid facts but also with standard skill and necessary equipment so that an organization can lead their business operations in the industry (Bourne Bourne, 2012). The standards that have been set by the organization seeing their previous achievements are really high and currently the organization cannot match up to th e level due to which the customer base is disappointed. The customers expect a lot of the top supermarket which they are not getting. Figure 3: HRM element and performance management Source 3: (Bourne Bourne, 2012) Tesco cannot implement an appropriate system to manage the performance of employees and hence Tesco has faced such a big loss recently. If individual personnel in Tesco do not gets sufficient satisfaction regarding their payment structure or other benefits they may not give their best in achieving companys goal accordingly. The retail market is getting changed from the physical market to the electronic market and most of the people opt for that marketing field (Keller, et al., 2011). Tesco needs to think about this changing market trends and hence, they can incorporate new technology in their sales and marketing policy to increase their business. The increase in the business field can also lead to new customer base. Leading the business via internet will give all the people in the world access to the products of the organization. The company has hence easily expand its business and reach new heights. The theory is limited or restricted in the case when the requirements are not clear to an organisation, then how the performance can be managed is not also clear to that particular organisation (Bourne Bourne, 2012). Thus, Tesco first needs to recognise its prerequisites so that the retailer can manage all its present issues. 5. Benchmarking Business Operations in the Worlds Supermarket: Walmart recently leads the supermarket retail chain all over the world. The supermarket has made a profit of 10 billion dollars more from the fiscal year of 2014 to 2015 (Hwang Park, 2015). Walmart has started dealing with manufacturers since 1980 and the retailer have given managing inventory job in warehouses to the suppliers. Inventory management of Walmart funnels information from POS or point-of-sale data (Rothaermel, 2012). The worlds largest and biggest retailer uses the centralized database for real-time sales and warehouse inventory. Even the information are shared by the company to its suppliers so that shipping can be smoother and convenient. The retailer does not fully depend upon technology it uses different ways to operate its business systems effectively. Walmart has an expansive network of more than 160 distribution points covering over 130 miles stores the retailer supplies (Wood, 2015). The retailer has developed all the required equipment by its own so that it may not have to face any kind of difficulties farther. Such as, Walmart has instituted cross-docking in the warehouses. It has developed a process that transfers inventory from departing or arriving trucks directly. But, the entire process is done by the retailer with the help of an effective technical applications automatically (Smith Popkin, 2015). As a consequence, the worlds leading supermarket has lessened its inventory costs, transportation costs and products are reached so quickly. Walmart uses its own truck and has engaged own drivers by providing them standard driving competencies. Tesco should follow this benchmarking operation to adopt proper strategies so that the UKs leading retailer can regain its losses by attracting more customers to its business. If Tesco can implement enough and convenient systems with proper structure within its business sector then, only customers will take interest upon the retailers trading and they will persuade to make purchasing. Benchmarking is necessary to be followed by Tesco. 6. Recommendation: Tesco, king of the supermarkets has lost its crown recently by experiencing a large amount of loss in the business. Tesco should follow a benchmark performance within its business operation, system, organizational structure, performance management and strategic human resource management. Otherwise, the king cannot gain its lost position in the competitive retail market in the United Kingdom. Tesco should focus upon its business policy in the field of sales and marketing operations. So that more people make their purchases from the stores of Tesco than the other supermarkets. In this regard, Tesco should focus upon its technical applications and e-retailing since people prefer this option more particularly at this time. Tesco should provide sufficient training and development programs those are aligned with the present market needs and changing trends of the retail market. Otherwise, customers cannot be satisfied as without proper dealings of employees with the customers, a business c annot experience a growth. 7. Conclusion: Due to several causes, Tesco has faced a big loss ever in the corporate history of UK supermarket on 2015. The reasons are related with the strategic human resource management mostly. The relationship between employee and employer, working culture, labour rules, economic, market competition, working environment factors are not managed by Tesco properly and as a consequence, the retailer has faced such a big downfall in their business recently. HR managers do not get enough importance in the decision-making process by the top management department of Tesco. Hence, the outcomes are weak strategies in the business operation. Tesco should focus upon the worlds leading retailer Walmart in order to get back its market position for leading UK retail market. Tesco has to develop more specifically its strategic facts so that it cannot compete easily by any other retailer. The most important thing the retailer has to build are automatized applications. References Bareto, M. B., Armand, N. Ahmad, F. S., 2014. Effective Strategy Implementation. Journal of Advanced Management Science, 2(1). BBC News, 2015. Tesco reports 6.4bn pound loss. 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