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1
Strategic Management in Sainsbury’s Plc
Contents
Introduction ............................................................................................................................... 2
Company Profile: J Sainsbury Plc ............................................................................................... 2
TASK 1 - Strategic Analysis ......................................................................................................... 2
SWOT Analysis........................................................................................................................ 2
PESTEL Analysis ...................................................................................................................... 4
Porters Five Forces Framework ............................................................................................. 5
TASK 2 - Strategy Formulation ................................................................................................... 6
Ansoff’s matrix ....................................................................................................................... 6
BCG Matrix ............................................................................................................................. 7
TASK 3 - Strategy Implementation ............................................................................................. 9
Conclusion ................................................................................................................................ 11
References ............................................................................................................................... 13
2
Introduction
Strategic management is the process by which organizations manages its resources with
respect to changes in external environment and thereby attain long term sustainable
growth, reports Glover, Ronning and Reynolds (2013). So the strategic direction of any
organization is to achieve its organizational objectives by effectively utilising the
organizational resources. Strategy formulation in a big corporation is carried out in different
levels such as corporate level, business level, operational level, marketing level etc, observes
Gill (2011).
Corporate level strategy deals with the overall corporate strategy of the company while
business level strategy deals with the strategy of a specific business unit. An important
factor to consider while employing strategic management in organizations is the impact
strategic decisions have on business performance and profitability of the organization
(Glover, Ronning and Reynolds, 2013). In this report the strategic management in Sainsbury
Plc is analysed.
Company Profile: J Sainsbury Plc
J Sainsbury Plc is one of the leading retailers in UK. In terms of market share Sainsbury’s is
the second largest retailer in UK second to Tesco. Asda and Morrisons make up the two
remaining spots as the big four retailers of UK (Duncan, 2015). The products and services of
Sainsbury’s range from groceries to smartphone services to financial services. Retail stores
of Sainsbury’s are mainly available in formats such as supermarkets, convenience stores and
superstores. Bells stores, Jackson stores, JB Beaumont, Sainsbury’s online and Sainsbury’s
bank are some of the other concerns of Sainsbury’s group (Johnson, Yip and Hensmans,
2012).
Sainsbury’s serves over 16 million customers/week and has a market share of 17% in UK
retail market. In 2014, Sainsbury posted a net profit of £614 million on revenue of £23.6B.
The main product categories of Sainsbury are grocery, clothing, consumer electronics, fuel
etc. Sainsbury is renowned for providing value for money brands. Nectar cards are the
loyalty scheme of Sainsbury and this card has over 10 million active customers, reports
Johnson, Yip and Hensmans (2012).
TASK 1 - Strategic Analysis
SWOT Analysis
SWOT Analysis is a tool used for analysing the strengths, weaknesses, opportunities and
threats associated with a firm. Strengths and weaknesses are related to the internal
3
environment of the organization while opportunities and threats are associated with
external environment of the organization, reports Friesner (2011).
Strengths
Brand value: Customers have very high value for Sainsbury brand due to the reputation and
history of the organization. Due to this Sainsbury is considered as one of the most trusted
retail brand in UK (Johnson, Yip and Hensmans, 2012).
Effectiveness of marketing: Sainsbury has been credited for employing highly effective
marketing campaigns. Some examples of marketing activities of Sainsbury are Sainsbury
Active Kids program and healthy eating campaign led by celebrity chef Jamie Oliver (Kasim
and Ismail, 2012).
Human Resource: Through equal opportunity program Sainsbury provides equal
opportunities to employees in recruitment, training and promotions. This has helped
Sainsbury in developing a very talented and efficient workforce (Global Analysis Report,
2014).
Product line: Sainsbury has developed a much diversified product line catering to the
specific needs of specific customer segments. These special products developed by
Sainsbury for Chinese and Indian customers are an example of this (Duncan, 2015).
Weaknesses
Low international expansion: Sainsbury has failed to expand their operations into new
international markets. This has negatively influenced the growth prospects of the company
in comparison with main competitors such as Tesco, Asdaetc (Global Analysis Report, 2014).
Low self-service opportunities: Sainsbury do not promote customer self-service in their
stores. As customer demand for self-service tills are increasing, this has become a big
weakness for Sainsbury (Johnson, Yip and Hensmans, 2012).
Opportunities
International growth: The international growth opportunity available for Sainsbury’s is a big
opportunity for the company (Duncan, 2015).
Growth in other areas: Sainsbury has attained high growth in financial services through
Sainsbury’s Bank. This means that the growth opportunities available for Sainsbury in this
segment are high (Johnson, Yip and Hensmans, 2012).
Technology: Sainsbury has partnered with Vodafone to launch mobile network services. As a
new service area, mobile network service provides a high growth area for Sainsbury (Global
Analysis Report, 2014).
Threats
4
Emergence of Discounters: Discounters such as Aldi and Lidl have achieved high growth in
UK retail market. The continued growth of these companies is highly threatening to
Sainsbury (Duncan, 2015).
High competition: Competitors such as Tesco and Asda are investing heavily in UK business.
This means that competition in UK retail industry is increasing (Duncan, 2015).
Green consumerism: Customers are increasingly becoming conscious of green products. This
means that Sainsbury needs to introduce green offerings to customers (Global Analysis
Report, 2014).
Foreign acquisition: Some of the main players in UK retail industry such as Asda are acquired
by international companies. Sainsbury needs to be aware of this especially as their brand
image is linked to being an authentic British retailer (Global Analysis Report, 2014).
PESTEL Analysis
Pestel analysis deals with analysis of political, economic, social, technological, ecological and
legal factors influencing the performance of an organization (Gordon, 2012).
Political: The main political factor that influences the performance of Sainsbury is the
political state of UK. UK is in a political turmoil especially due to the independence
referendum threat posed by Scotland over UK (Duncan, 2015). This means that UK is
politically unstable. However, conservative party has regained power in UK which indicates
stability in government. These factors will influence the working of Sainsbury.
Economic: UK is still recovering from recession. The Eurozone crisis also has negatively
influenced the economic state of UK. This means that UK customers have less spending
power due to adverse economic state. This will also influence Sainsbury (Duncan, 2015).
Social: Online shopping behaviour among UK customers is on the rise. Customers are also
using Click and Collect services in large numbers (Wallop, 2013). This means that these
changes in customer buying behaviour will ultimately influence Sainsbury.
Technological: Retailers are becoming more reliant on data analytics and prediction
modelling technologies for forecasting and managing product inventory. Sainsbury has
increased their investment in these technologies (Cameron and Green, 2015). This means
that future developments in data analytical technologies will influence Sainsbury.
Environmental: Environmental issues are main concern for modern business organizations.
As a big retailer Sainsbury needs to comply with environmental standards and carbon
emission standards (Cameron and Green, 2015). Sainsbury has adopted strategies to reduce
carbon footprint in their supply chain.
Legal: Legal factors that influence the operations of Sainsbury are governmental legislations
and policies. Governmental policies in matters such as competition, pricing, supplier
5
relations etc. have negative influence on Sainsbury (Cameron and Green, 2015).
Porters Five Forces Framework
Porters Five Forces Framework is used for analysing the impact different market forces has
on a specific organization (Gordon, 2012).
Threat of new entrants (Low): Threat of new entrants faced by Sainsbury is lowdue to the
high initial investment required in setting up a large scale retail business. For example, no
major new entrant has succeeded in entering UK retail market in the last decade (Cameron
and Green, 2015). This indicates that threat of new entrants is low.
Threat of substitutes (Very high): The threat of substitutes faced by Sainsbury is very high
because many other retailers also provide similar offerings such as those provided by
Sainsbury. Also customers have access to small scale retailers and convenience shops for
purchasing products (Duncan, 2015). These factors indicate that threat of substitutes is very
high for Sainsbury.
Bargaining power of buyers (Very high): As large numbers of substitutes are available,
customers have high bargaining power in retail industry. Buyers also have the bargaining
power to select distribution channels of their choice (Duncan, 2015). Availability of
discounters also provides bargaining power to customers. So customers have high
bargaining power in the case of Sainsbury.
Threat of suppliers (Moderate): Sainsbury has developed long term partnership with
suppliers of the company. This helps Sainsbury in reducing the threat of suppliers. However,
suppliers have high bargaining power in products such as meat, egg and other similar
products (Duncan, 2015). This means that the threat posed by suppliers is moderate in the
case of Sainsbury.
Competitive rivalry (Very high):UK retail industry is one of the most competitive markets at
present. The emergence of Aldi and Lidl has completely opened up the market. Alsi and Lidl
are cannibalizing the market share of all four major retailers which in turn has increased
competition among the top four retailers for dominance in the market. The weak
performance of Tesco in recent years has opened up an opportunity for Sainsbury and Asda
to strengthen their position in UK market (Duncan, 2015). Hence, competitive rivalry in UK
retail market is extremely high.
By analysing the micro and macro environment surrounding Sainsbury, it can be inferred
that UK retail market is in a volatile position with high level of competition. This indicates
that Sainsbury needs to develop strategic management practises to take advantage of the
opportunities available in the market.
6
TASK 2 - Strategy Formulation
Alkhafaji (2011) defines strategy formulation as the process by which an organization the
most appropriate strategy for achieving the predefined objectives of the organization.
Strategy formulation involves different steps such as analysis of the existing strategy,
environmental scanning for identifying the market opportunities and threats.
The existing strategy of Sainsbury can be analysed by reviewing the vision, goals and
objectives of Sainsbury. The vision of Sainsbury is to be the most trusted retailer where
people love to shop and work. The goal of Sainsbury is to make the lives of customers easier
by providing great quality products and services at fair prices at all times (Sainsbury, 2015).
From the vision and goal of Sainsbury, it can be inferred that the strategy of Sainsbury is
about providing high value to customers through quality products and services.
Ansoff’s matrix
Ansoff’s matrix is a tool that can be used for analysing the alternate growth strategies
available for an organization. This matrix proposes four generic growth strategies for
organizations (Basu, 2014).
Figure 1: Ansoff’s matrix
Source: Hussain et al. (2013)
Market development: In market development strategy, organization strives to grow by
targeting their existing products in new markets (Basu, 2014). Market development in
Sainsbury is achieved by introducing new stores in Northern Ireland and other areas in UK.
Sainsbury has also developed online retailing channel which has developed into a strong
7
market for Sainsbury with record sales of over £1bn in 2013 through online channel, reports
Stones (2013).
Diversification: In diversification strategy, the firm develops new products for new market
segments (Basu, 2014). Sainsbury has used diversification strategy very effectively to
develop a range of products and services that are unrelated to the core business of
company i.e. retailing. Some examples of this diversification are Sainsbury’s Bank,
Sainsbury’s Home Heating service, Sainsbury’s online movie streaming service, Sainsbury’s
real estate business etc. As per the report of Retail Week (2014), by diversifying into diverse
businesses Sainsbury has been able to develop revenue streams that are not reliant on core
business of the firm. Sainsbury has also been able to utilise its superior brand image in
entering new product categories.
Market penetration: In market penetration strategy the organization focuses on developing
market share in existing markets of the firm (Basu, 2014). Sainsbury has used this strategy
for increasing its market share in UK market. One of the main market penetration strategy
adopted by Sainsbury is adopting lower-to-mid level pricing strategy in groceries, reports
Chapman (2014). This strategy has enabled Sainsbury in attracting more customers.
Sainsbury has also introduced interactive mobile application and live cooking show to allow
customers to interact with Sainsbury products. This has also helped in attracting more
customers and thereby gaining market share in UK market.
Product development: In product development strategy, the firm develops new products
targeted at existing market (Basu, 2014). The product development strategy was used by
Sainsbury in introducing and developing Sainsbury’s Basics range of products. By developing
own-brand products Sainsbury was able to increase profitability of the firm (Brooks, 2014).
Product development strategy was also used by Sainsbury to introduce new veal range. The
new veal range introduced by Sainsbury included 8 new product types ranging from fillets
and rib chops to roasting joints, observes Glotz (2012). By introducing new veal range ahead
of rivals such as Tesco, Sainsbury was able to attract new customers in existing market.
The above analysis reveals that Sainsbury has utilised all four strategies very effectively over
the year for developing the business of the company. As it was revealed from analysis of
micro and macro environment of Sainsbury that Sainsbury was facing stiff competition from
Asda and Tesco in UK retail market. It was also identified that UK retail market is highly
saturated. This indicates that market penetration strategy is not very effective in this
market. This means that Sainsbury need to focus on developing new markets through
market development and diversification strategies while focussing on existing market
through product development strategy.
BCG Matrix
BCG matrix is a tool formulated by Boston Consulting Group for analysing the various
business units of a firm in terms of the growth potential of the business unit (Joibary and
8
Nagaraja, 2011). In the case of Sainsbury, the main business units are retail stores, online
retailing, Sainsbury’s Bank, Sainsbury’s property, Sainsbury’s Energy, Sainsbury’s
Entertainment and Insight to communication (i2c) (Sainsbury, 2015).
Figure 2: BCG Matrix
Source: Joibary and Nagaraja (2011)
As per this matrix, the business units of an organization can be categorised into four based
on their relative market share and growth potential. They are:
Dogs: A business unit is termed dog when it has low market share and low growth potential.
Organizations need to reduce the number of dogs as they drain investment with adequate
return on investment, reports Joibary and Nagaraja (2011). In the case of Sainsbury’s, both
Sainsbury’s Entertainment and Insight to communication are deemed as dogs because of
the low market share and growth rate of these business units (Fernie, Fernie and Moore,
2015). Also, Sainsbury has invested heavily in these businesses but has availed low returns.
This suggests that Sainsbury needs to disinvest from these businesses to reduce losses.
Cash Cow: Cash cow is the business unit which has low growth potential but has large
market share. The importance of cash cow is that this business unit is responsible for a large
sum of revenue of the firm. Also, cash cow business units do not require large investment,
reports Joibary and Nagaraja (2011). In the case of Sainsbury, the retail store business is the
cash cow because the high relative market share of the business and the large revenue
potential of the business unit. Also due to the saturated nature of retail market growth
opportunities in the market is very low (Brinkman, Navarro and Harper, 2014). This indicates
that retail stores business is the cash cow of Sainsbury.
9
Question mark: Question mark is the business unit which has high growth rate but low
market share. These business units require high investment and if not properly managed
would turn into dogs (Qiang, 2014). Sainsbury’s property, Sainsbury’s Bank and Sainsbury’s
Energy are Question marks because these businesses are growing at high rates but do not
generate adequate level of revenue for the firm (Ramachandran, Karthick and Kumar, 2011).
In order to further develop these businesses Sainsbury needs to invest in these businesses.
This means that Sainsbury needs to closely manage these businesses.
Star:Star is the business unit that has high market share and growth potential. These
business units need large sale investment but produce high revenue for the firm. These
businesses need to be developed further in order to maximise profits (Qiang, 2014). The
online retailing business of Sainsbury is one of the most successful in UK retail industry with
revenue over £1bn in 2013 (Stones, 2013). Online retailing business of Sainsbury is the
second largest in UK in terms of market share, reports Rigby (2012). These factors indicate
that the online retailing business of Sainsbury is the star business unit.
TASK 3 - Strategy Implementation
As per the observation of Baroto, Arvand and Ahmad (2014) strategy implementation refers
to the transformation of strategy selected in to organizational action with an intension to
achieve managerial goals and objectives. The success of strategy implementation, often
called as action stage of strategic management depends up on the organizational structure,
leadership style, resource allocation relationship etc.
Organizational structure
In the view of Furrer (2010) structure of the organization plays pivotal role in facilitating as
well as hindering the firms to achieve organizational goals hence Murthy, Mahalakshmi and
Reddy (2013) classifies the types of organizational structure in to functional (grouped with
respect to purposes), divisional (self contained divisions) and matrix (mixture of functional
and divisional) on the basis of the nature and characteristics of pre determined
organizational objectives. Sainsbury plc, the giant retailer in UK functioning as both online as
well as general merchandiser performs operations over 1200 supermarkets and
convenience stores. The organizational structure of Sainsbury is seemed as functional since
the firm operates several divisions such as IT, marketing, purchasing, distributing etc on the
basis of supervision, task allocation and coordination from the employees.
The application of IT infrastructure in Sainsbury has facilitated the firm to drive sales
through offering delightful customer experience. The investments of the firm in IT has
facilitated Sainsbury to improve the functioning of three key areas such as supply chain
management, self-service checkouts and printing of targeted coupons. Caines (2012)
reported that the installation of IT in the supermarkets offered the choices for customers
and also facilitated to reduce the queue up time of customers up to a great extend.
10
Therefore it can be observed that the strategy of Sainsbury to serve better for enhancing
customer services has been done up to great extend through the flexibility of organization
structure.
The flexibility in the organization structure of Sainsbury assisted the firm to adopt change
immediately with rest to changing environment, reports Verdu and Gras (2009). Furrer
(2010) report that proper communication flow throughout the hierarchy of organization
restraint the probability of occurrence of conflicts among the workforces up to great extent
and enables to transform the workplace of firm more productive and communicative,
thereby reducing employee turnover rates and absenteeism. While analysing the
organizational structure of Sainsbury, clear and concise flow of communication flows
throughout the departments and organization networks, empowering employees with
adequate level of information, value and beliefs for implementing strategic decisions
relevant to meet customer needs and requirements.
Delegation of authority and leadership style
Measuring the degree of delegation of authority and leadership style, which means the
potentiality of personnel to perform tasks under the coordination of workforces and
departments are necessary prior to strategy implementation, as the firm is highly
responsible on internal as well as external stakeholders for the practical implication of the
same (Sengul, Gimeno and Dial, 2012). The observation of Akter (2012) linked the
enhanced growth rate and higher level of engagement of employees contributing up 15% on
the annual growth of store year by year as the due outcomes of decentralized authority of
Sainsbury. The effective coordination among the departments of Sainsbury facilitated the
firm to respond potentially against with the growing challenges emerging from the fierce
competition, and thereby setting up long term strategy for the success of the firm. Sainsbury
has implemented MIS (Management information system) for effective planning, sound
decision making, monitoring operations of bottom-line, coordinating SCM, distribution,
retailers etc for setting-up the management against with increasing complexity.
According to Prince (2012) exploring the leadership style possessed by firm for strategy
implementation is vital. Hence it can be assessed that the participative style\ democratic
style of leadership has facilitated Sainsbury to include the subordinates and workforces in to
decision making process, to make aware of workers about the happenings within the
organization and to make maximum utilization of available resources for better productivity.
Due to decentralization of power and lack of competency in democratic leadership style, the
strategy implementation in Sainsbury may get delayed, reports Bhatti et al. (2012).
Corporate Governance
The board members and other senior managers of Sainsbury’s review the present market
position and shareholder analysis of the company. This provides a detailed understanding of
the anticipation of its stakeholders. Moreover, this review is also significant in case of
11
strategic implementation as the organisation is responsible for considering stakeholders
views while strategic decision-making (Baker, 2010). Strategic frameworks such as KPI’s, KRA
etc; is adopted to analyse the market situation.
Portfolio diversity is also an important aspect of corporate strategy. Moreover, Gupta (2011)
argues that diversity of portfolio demands more investment in R&D. In the retailing sector,
product innovation and its placement is considered as main contributors of competitive
advantage. To direct the customers in long-stretch of food items, Sainsbury’s perform to
carry on the innovation and offer the control of providing quality of goods at affordable
prices following ethical, social and environmental standards (Aroq Ltd, 2011). Sainsbury’s
focuses on implementing distinct portfolio, structures of stores for various UK customer
segments. The supermarket operates 3 different store formats, Main-Mission (normal
stores), Mixed-Missions (Smaller and convenience supermarkets) and Main-Plus
(Hypermarket), reports Duncan (2015). Majority of its stores were situated in South-East
England and London. Opening stores in overseas market was important for Sainsbury’s, but
as per Global Analysis Report (2014) report, Sainsbury failed to expand their chain into new
international markets. The supermarket is now investigating the opportunity in foreign
territories as its performance in UK continues to be robust. This growth strategy would
indeed help the company to increase its growth prospectus in comparison with its major
competitors Tesco, ASDA etc (Hall, 2010).
Sainsbury’s charges fair prices as part of its marketing strategy and contribute value and
quality for money. The technological innovations like Self-Checkouts. Online shopping etc;
also enhanced the customer base and revenue of the company as well. In the view of Taylor
(2012), making technology investments in order to support and enable business goals is a
long standing issue for all companies, especially those in retail sector. The IT makeover
integrated in Sainsbury’s IT systems contributed strategic advantage for the firm. Moreover,
this implies that the company has the ability to plan and use resources to achieve strategic
advantage. Thus the corporate strategy is being frequently reviewed by the authorities in
order to detect the risk factors and to make a decision that targets long-term success.
Conclusion
This report evaluated the strategic management adopted by leading UK retailer Sainsbury’s.
Firstly, the strategic analysis of Sainsbury’s was carried out. This was done with the help
SWOT analysis, Pestle analysis and Porter’s Five Forces analysis. These analyses revealed
that Sainsbury’s faced heavy competition in UK retail market especially from Tesco and
Asda. It was also identified that Sainsbury’s had opportunity in online retailing and business
diversification. Based on the analyses, it was inferred that Sainsbury’s neededto adopt
strategic management practices to take advantage of the opportunities in the market and
thereby attain organizational objectives. Strategic formulation for selecting appropriate
strategies for Sainsbury’s was also carried out in this report. Ansoff’s matrix and BCG matrix
12
analyses were employed for this purpose. Thus it was identified that Sainsbury’s needed to
focus on developing new markets through diversification and market development. It was
also understood that online retailing was the star business unit of Sainsbury and hence
needed large scale investment for maximizing profit from online retailing. The report also
discussed the steps and processes that need to be adopted for proper implementation of
strategy in Sainsbury’s. It was identified that corporate governance principles, delegatory
leadership and flexible organizational structure was necessary for proper strategy
implementation.
13
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