Asda and Tesco - Restructuring to reflect multichannel markets Assignment

Asda and Tesco - Restructuring to reflect multichannel markets - Assignment Example Therefore, the study has utilized different leadership theories to explain the required traits and skills for the new managerial positions. The report is based on the study of the current restructuring plans of Asda and Tesco, the two retail giants of the UK. This report has also emphasised on different theories of leadership practices in any business environment, to understand the relevance of these theories in the restructuring plans of Asda and Tesco. Tesco Plc. is one of the leading supermarket chains in the UK. Tesco has its stores in 12 countries worldwide and it generally deals with food, books, clothes, electronic gadgets and furniture. The company is successfully restructuring its multichannel market operations over a period of time. In this process, they are redeploying near about 100 staffs to new job roles. They are also creating several vacancies across the organisation. Their initiative called â€Å"Building tomorrow’s Tesco† is focused on achieving the global multichannel leadership (Channel management, 2014). Asda stores Ltd. is a renowned name in the retail industry of the UK. The organisa tion deals in grocery items, general merchandise, clothes and toys. Following the trend of Tesco, Asda is also focusing on a massive restructuring of its multichannel business operations. They are creating near about 5670 new roles for various departments of its multichannel operations (Harrison, 2014). These restructuring plans are massively changing leadership roles and responsibilities of several employees in these organisations. The importance of different leadership theories on the success of the restructuring plans of these organisations have been described in this report. Leadership in an organisation describes the role where leaders utilize the available resource and capabilities of a team to attain a common goal. The