Here are the key points covered in the introduction:- The report will discuss manager, management and organisation. - It will assess the roles and responsibilities of managers at different levels within an organisation.- It will examine different management styles and theories. - The impact of external factors on management and organisation will also be considered.- Finally, recommendations will be provided on effective managerial practices and organisational structures.The introduction provides a clear overview of the scope and focus of the report. It previews the main topics that will be discussed without going into detail. This sets appropriate expectations for the content and analysis that will follow
This report analyzes the internal and external environments of Tesco, a large UK-based grocery retailer, through various frameworks. An external PESTEL analysis highlighted key drivers in the industry such as new labeling/regulation laws influenced by social trends toward healthy eating and convenience stores/online shopping. Porter's 5 Forces found high customer bargaining power and competitive rivalry due to standardization between Tesco and competitors. An internal resource assessment utilized Tesco's financial resources and employee training as strengths, while weaknesses included recent product recalls. The report evaluates Tesco's strategic decisions in light of these environmental factors.
Here are the key points covered in the introduction:- The report will discuss manager, management and organisation. - It will assess the roles and responsibilities of managers at different levels within an organisation.- It will examine different management styles and theories. - The impact of external factors on management and organisation will also be considered.- Finally, recommendations will be provided on effective managerial practices and organisational structures.The introduction provides a clear overview of the scope and focus of the report. It previews the main topics that will be discussed without going into detail. This sets appropriate expectations for the content and analysis that will follow
1. System and Operation Management. Critical Evaluation of...
Introduction
The 21st century has brought about several improvements in business strategies and operations.
Most businesses have realized that to be very effective in their given industry the internal operations
of such businesses have to be to the highest level of standardized efficiency (Wang et al 2010).
These busineses have also realized that the effective management of the systems and daily
operations of the organisation would facilitate organisational productivity and result in
maximization of profit. According to lohman et al (2004), it essential that 21st century businesses
strive to get an effective competitive advantage and attain relevant marketshare to make profit. An
effective systems and operations management strategy will ... Show more content on
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It is when the organisation establishes or develops an effective strategy that based on their research,
will effectively work. Essentially it describes how management expects to utilize the existing
resource base created as a result of the production system design
Managing the system
Managing the system involves working with people to encourage participation and improve
organizational performance. Participative management and teamwork are an essential part of
successful operations, as are leadership, training, and culture. In addition, material management and
quality are two key areas of concern.
Material management includes decisions regarding the procurement, control, handling, storage, and
distribution of materials. Material management is becoming more important because, in many
organizations, the costs of purchased materials comprise more than 50 percent of the total
production cost. Questions regarding quantities and timing of material orders need to be addressed
here as well when companies weigh the qualities of various suppliers.
Slack et al (1995) postulates that operations management if effectively implemented and managed
can be a crucial factor for the company development. According to them operations management is
an essential catalyst for an organisation to grow. They believe that operation management is
essential for ;
"making and implementing decisions about the design of a company 's operational, operations
management and
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2.
3. Report
PREPARED FOR
Peter Provan – Creating a Culture of Customer Care
Margaret Scotland – Analysing and Presenting Complex Communication
Class: HNC Administration and Information Technology
Please make the suggested amendments and re–submit.
Tesco Customer Care Strategy Report
Submission Date: 6 November 2014
Ayat Hassan
Contents
Terms of Reference_____________________________________________________3
Procedures_____________________________________________________________3
1.1 Internet
2.2 Class hand outs
2.3 Library
Findings___________________________________________________________3
3.1 Background of Tesco 3
3.2 Tesco's mission statement structure 4
3.3 Tesco's organisational objectives 4
3.3.1 ... Show more content on Helpwriting.net ...
3.2 Class hand outs
Class hands out on customer care were referred to for this report. 3.3 Library
Various books were scanned to enhance the understanding of customer care strategies.
3. Findings 4.4 Background of Tesco
Tesco is the biggest retail chain in the United Kingdom. Tesco was first founded in 1919 when Jack
Cohen started selling surplus groceries from a stall in the East End of London. Along the years, their
business has grown and currently Tesco operates in twelve countries around the world, employs over
530,000 people and serve tens of millions of customers. The brand name Tesco was formed by the
combination of the initials. Between 1955 and 1960 over 500 new stores were opened. Tesco had
become a common name, not only for groceries, but also for fresh food, clothing and other. 4.5
Mission statement
Mission statement is the creation of value for customers to enable them earns their lifetime loyalty.
From the research undertaken it was establishes that Tesco's mission statement is 'We make what
4. matters better, together.'
(http://www.tescoplc.com/index.asp?pageid=10)
In Tesco, there are five main visions that describe the kind of company it wants to be. The first is
Tesco want to be needed and wanted around the world, not only to be the shop of choice for
customers but also the place people want to work, a business that communities welcome and the
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5.
6. Unit 5 Business Accounting
JACK BLACKMORE
BLA14248050
BTEC EXTENDED DIPLOMA IN BUSINESS
UNIT 5: BUSINESS ACCOUNTING
KAREN DIXON
Introduction:
This report will entail whether or not it is a good idea for Erika Knolls to invest in Tesco. As a
financial adviser I shall use ratio analysis to make a recommendation and support my decisions on
whether Tesco will be a good beneficial long term investment.
Ratio analysis will be used to measure the profitability, liquidity and efficiency of the named
business and to analyse the performance of the business using ratio analysis.
I will then evaluate the financial performance and position of a business using ratio analysis.
Ratio analysis:
Ratio analysis measures how well a business is doing, also allow it to compare ... Show more
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In 2013 Tesco's gross profit percentage in sales was at a high of 8.44% however come 2014 it has
dropped by 2.13% leaving it at 6.31% in 2014. This goes the same for the net
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7.
8. A Formal Report About the Marketing Activities at Tesco:
A formal report about the marketing activities at Tesco:
Introduction:
Tesco was founded in 1919 and launched its first store in Edgware, London, UK in 1929, however,
over the decades it has evolved to become the market leader within the UK food retail segment.
Tesco is among the largest food retailers in the world with revenue in excess of £54 billion in 2010
and employing over 470,000 people . They operate approximately 4,331 stores in 14 countries
around the world. The company operates primarily in the USA, Europe and Asia and their Head
Office is based in Hertfordshire, UK. The commercial network portfolio of Tesco comprises : over
960 Express stores which sell approximately 7,000 products including fresh foods at suitable ...
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The adoption of Electronic Point of Sale (EPoS), Electronic Funds Transfer Systems (EFTPoS) and
electronic scanners have greatly improved the efficiency of distribution and stocking activities, with
needs being communicated almost in real time to the supplier.
5. Environmental Factors:
There has been an increased pressure on many companies and managers to acknowledge their
responsibility to society, and act in a way which benefits society overall (. The major societal issue
threatening food retailers has been environmental issues, a key area for companies to act in a
socially responsible way. Hence, by recognizing this trend within the broad ethical stance, Tesco 's
corporate social responsibility is concerned with the ways in which an organization exceeds the
minimum obligations to stakeholders specified through regulation and corporate governance.
The government launch of a new strategy for sustainable consumption and production to cut waste,
reduce consumption of resources and minimise environmental damage. The latest legislation created
a new tax on advertising highly processed and fatty foods. The so–called 'fat tax ' directly affected
the Tesco product ranges that have subsequently been adapted, affecting relationships with both
suppliers and customers
6. Legislative Factors
Various government legislations and policies have a direct impact on
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9.
10. Tesco Financial Statements
The main objective of the paper is to analyse last five years financial statements of two non–
financial companies that are listed in London Stock Exchange (LSE). These companies are Tesco
Plc. (TSCO) and Sainsbury Plc. (SBRY). This paper will discuss the profitability of these two
companies and its impact on investor performance indicators. Moreover, the paper will analyse the
financial statements of these company and will also calculate the financial ratios for these
companies. In the end, the paper will suggest that which company has better performance by
assessing the ratios.
Discussion
Profitability of company and its impact on investor performance indicators
It is stated by Sanchez (2002) that financial returns should be in line with what the investor can get
in the market ... Show more content on Helpwriting.net ...
Past five years of retailing in UK is assumed as decline for the industry as this graph is showing that
from 2009 to 2014, both the companies have experienced profitability in fluctuation. In 2009, both
the companies increased its profitability massively after recession period, which went down slowly
and gradually. Later, in 2010, Tesco faced a good reputation and a new come back after recession
but for Sainsbury, 2010 was not much good but the last months of that year went remarkably good,
which remain consistent till mid of 2011. However, Tesco was with constant fluctuation of increase
and decrease of profitability in market but the last month of 2011 was bad for Tesco when company
got bad reputation because of some food related scandals like scandal of horsemeat etc. This aspect
gave benefit to Sainsbury and for that reason; the company has attained attention of customers of
Tesco as well, which gradually went down till last month of 2014. On the other hand, when Tesco
wrapped up its horsemeat scandal, the company faced the light of profitability, which also went
down in end of
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11.
12. Managing Manager Management And Organisation
1. Introduction
This report is going to discuss about manager, management and organisation. It will assess the
manager, management and organisation. It will assess the significant of manager in achieving
organisation success for a company. It will also analysis how size and strategy can affect
organisation structure. Finally, it will discuss, explain and suggest how the current structure of Tesco
can be changed to improve performance.
2. Manager, Management and Organisation
2.1. Manager
Managers are individual in an organisation that direct and oversee the activities or work of other
people in the organisation (Stephen et al, 2013). According Boddy (2011) A manager is someone
who gets things done with the aid of people and other ... Show more content on Helpwriting.net ...
First line managers are people responsible for supervising day to day activities of non–managerial
employees. They are usually called duty manager, team leader or supervisor (Stephen et al, 2013).
2.2. Management
Management is the activity of getting things done with the aid of people and other resources (Boddy,
2010). Stewart (1967, cited in Boddy, 2010) defines management as the activity of getting things
done with the aid of people and other resources. Management is the process of things done,
effectively and efficiently, with and through other people (Stephen et al, 2013). According to
Stephen (2013) there are four function of management, this include planning, organising, leading
and controlling. All these four are used to achieve the organisation stated purpose.
2.3. Organisation
An organisation is a social arrangement for achieving controlled performance towards goals that
create value (Boddy, 2010). Organisation is a systematic arrangement of people brought to
accomplish a particular goal. The first characteristic of an organisation is goals and this can only be
achieve through people and all organisation have structure that defines and limit its members
(Stephen et al, 2013).
2.4. The importance of manager
The company of my choice is royal mail, leadership style is one of the way the manager of this
organisation uses in achieving organisation success. The democratic leadership assumes that
individual is motivated
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13.
14. Consumer Behavior At Christmas Of Portsmouth : Food
CONSUMER BEHAVIOUR AT CHRISTMAS IN PORTSMOUTH: FOOD
Introduction
British people have many traditional at Christmas such as, exchanging gifts, buying food and drinks.
Christmas dinner is considered as one of the most important events of the year, where all the family
members gather and enjoy spending time together. Nowadays, the Christmas meal is different from
before, where people used to eat turkey as a traditional meal, but now it is changed to chicken. The
objective of this report is to find out about the consumer behaviour of food shopping at Christmas in
Portsmouth and how much money people spend. Moreover, it will discuss the changes of the
traditional food over the years. This report consists of four parts. The literature review is the first
part, which summarizes the relevant academic sources related to this report. Then, the next section
will discuss the methods that were followed to reach the results of this report. The third section will
describe and analyse the data, showing how it affected the research. Finally, the report finishes with
a conclusion that summarizes the data, and a discussion considering the limitations and
recommendations for future research.
1
Literature review
Because there are no data presently available on the theme of consumer behaviour at Christmas in
Portsmouth regarding food, more general research was carried out. Although many researchers
talked about Christmas from a variety of perspectives, limited
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15.
16. Swot Analysis Of Tesco 's Multi Channel Approach Essay
SWOT ANALYSIS
Strength
MULTLI CHANNEL APPROACH
Tesco follows a multi–channel approach. It was the first retailer to create grocery home shopping in
1997. Its in–store picking model is accompany by a small number of specialized dotcom–only stores
that allow Tesco to respond to high customer demand. Click & Collect service of Tesco is a key part
of its multi–channel offering and enables customers to pick up their shopping according to their
suitability. The company has over 1,750 Click & Collect collection points for general merchandise
and over 260 grocery drive–thrus in the UK(marketline,2016).
SIGNIFICANT PRESENCE IN THE PRIVATE LABEL MARKET
The private label market in the UK is growing at a steady pace. Preference for private labels has
been increasing in the UK as consumers have become price conscious and see the quality difference
between private label and branded products narrowing. Even upper–income shoppers are more
willing to buy generic brand, which has traditionally appealed more to shoppers with limited
budgets. According to the industry estimates, in 2015, the UK registered more than 40% of the
volume and value share in private label market among 20 countries in Europe.(marketline,2016)
Weakness
PRODUCT RECALLS
Tesco made several product recalls recently. In February 2016, the company made various recalls.
For instance, the company recalled some of its bread products due to undeclared sesame seeds in
these products. Horizon Procurement recalled three varieties
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17.
18. Micro-Economic Impacts on Tesco Plc
1.0 Introduction
In this essay we are going to evaluate the micro economic factors on the activities and performance
of Tesco.
Tesco Plc (2011) states, that the retail industry is a highly competitive environment. Tesco competes
with a wide variety of retailers of varying sizes and faces increased competition from UK retailers as
well as international operators in the UK and overseas. Failure to compete with competitors on areas
including price, product range, quality and service could have an adverse effect on the organisations
financial results. Tesco aims to have a broad appeal on price, range and store format in a way that
allows them to compete in different markets. There is a risk that Tesco may not deliver their stated
strategy ... Show more content on Helpwriting.net ...
5.0 Barriers to Entry
Barriers to entry are the means by which Tesco's potential competitors are blocked out. Due to
Tesco's monopolistic characteristics, Tesco will be able to enjoy higher profits in the long run as
rivals have not diluted market share. Three barriers of entry are:
Patents are legal property rights to prevent the entry of rivals. They are generally valid for an
average of 20 years and give Tesco the right to prevent competitors from using patented products.
Tesco can sell licences to competitors for a stated fee.
Using Advertising and Marketing Tesco have developed customer loyalty; their club card has played
a pivotal role in their customer loyalty. Thus making demand less sensitive to price; due to
advertising leading to an outward shift in demand.
Tesco engage in brand proliferation, as it is a firm which sells a vast range of products, this may
portray Tesco differently to consumers. This is common barriers to entry in these types of markets as
it is non–price competitions for household good.
6.0 Porter's Five Forces
In order to evaluate the competitive environment surrounding Tesco, I shall utilise Porter's five
forces model illustrated in figure 2.
Figure 6.0.1: Porter's Five Forces Model (Zanthus, 2011)
6.1 Bargaining Power of Buyers 0 The bargaining power of buyers is fairly high. 1 Products that
have a slight differentiation; more standardised, the switching cost is
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19.
20. Internal And External Environments Of Tesco
1.0 Executive Summary:
This report looks at the internal and external environments of Tesco, a British multinational
grocery–retailer, through applying frameworks to assess strategic decisions taken by Tesco. The
dynamic external environment was examined using a PESTEL analysis which highlighted key
industry drivers for grocery–retail being enforcement of new labelling and regulation laws
influenced by social 'healthy–eating ' trends as well as increasing focus towards convenience stores
instead of hypermarkets due to consumers making larger purchases online. The Porter 's 5 Forces
analysis identified high customer bargaining power due to high standardisation and low
differentiation between products offered by Tesco and competitors, creating low switching–costs
which led to high competitive rivalry.
Assessing resources and capabilities means utilizing Tesco 's vast financial resources and employee
training leading to greater leverage of knowledge and skill throughout Tesco, creating more effective
synergies of economies of scale and scope providing a more efficient integrated supply chain as a
source of competitive advantage combined with its core competences. Strategic recommendations
included focusing on UK market which comprises most of Tesco 's revenues and to conduct
'disciplined growth ', meaning reducing hypermarkets and increasing Tesco convenience stores to
adapt to the consumer shopping trend. 2.0 Introduction and company history:
In this report, a strategic
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21.
22. Tesco 's An Online Retailing Service
Introduction
Tesco PLC is a multinational corporation that sells food and non–food products to consumers. Being
one of the largest food retailers in the world (Brand Finance, 2014). It now operates over 7,599
stores that include franchises. With over 500,000+ employees worldwide in 12 different counties,
that includes the UK, Czech Republic, Hungary, Ireland, Poland, Slovakia, Turkey and Poland in
Europe, along with India, Malaysia, China, South Korea and Japan in Asia (Tesco, 2014). Tesco was
founded in 1919 by Jack Cohen from a market stall in East End London, launched its first store in
Edgware, London, UK in 1929. Tesco have 5 different names for the company which are Tesco
Extra and Tesco Superstores which are the large supermarkets. ... Show more content on
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However with the recent years there has been talks about Tesco and their financial profits falling
down by 92% (Ruddick, 2014). So the main focus of the report will be that I will analyse the
strength, weaknesses, threats and opportunities of Tesco and come up with a recommendation at the
end for Tesco to improve. Additionally I will be analysing about Tesco Political, Economic, Social,
Technological, Environmental and Legal factors. The end of the report will establish a possible
recommendation to help guide Tesco strategy in the future.
PESTEL Analysis
Political Factors:
When it comes down to Tesco's worldwide presence is that their performance will be influenced by
global political factors which include, tax rate, acts of legislation and the overall political stability of
the countries the company operates in. Due to the ongoing financial instability across the world, the
governments have increasingly encouraged retailers to create more jobs and opportunities for the
local people. From lower paid and locally based jobs to higher skilled, higher based jobs. This is
very important consideration as it creates more employment opportunities. Tesco is ensuring their
workforce is diversified and representative of the population, such key categories include students,
elder citizens and disabled people.
Economic Factors:
Many political changes will result in many changes that can happen in the economy. This is very
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23.
24. The Code Of The Ethical Ethics Of Tesco
Introduction Tesco is a retail industry and it was created in 1919 by Jack Cohen from a market stall
at LONDON'S East End. Over the years our business has increased and we now operate in 12
countries around the world, employ over 530,000 people and serve tens of millions of customers
every week. We always provided the best shopping experience for every customer. Now, we still
continue to provide the right thing and good service for the customers, colleagues and every
community that we serve. Another retail industry is Walmart, also call Wal–Mart Stores, Inc.
Walmart is a one of the world's biggest retailers. In the 1962, Walmart was created by Sam Walton
in Rogers, Ark.. In the retail industry was focused the early growth in rural areas and ... Show more
content on Helpwriting.net ...
Yet, this company is not carrying out the core of conduct and continue to make the unethical
behaviour with their suppliers. For the example, the Tesco company delayed the payment to the
supplier. In this problem, Tesco company will become an unethical business company. For
overcoming this problem, Tesco company should apply the right of the supplier to every supplier.
This is because, every supplier has the right to receive their welfare from the Tesco company. The
most important is this company should respect the suppliers as the corporate with Tesco. Tesco
company needs to treat fairly and sincerity to all the
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25.
26. Analysis Of X Ray Tesco : Financial Analysis
UNIVERSITY OF LEICESTER
DEPARTMENT OF MATHEMATICS
MSc ACTUARIAL SCIENCE
FINANCE AND FINANCIAL REPORTING
X–Ray Tesco PLC – Financial Analysis
Jessica Franco
STUDENT NUMBER: 149041918
May 2015
Executive Summary
The company Tesco PLC is currently the biggest retailer in the UK and it is one of the top five on
the world stage by market share. At the time of writing (April 2015) the business giant faces a costly
scandal for inconsistencies in its financial statements. This report aims to analyse the financial
performance of Tesco during the last five years 2010–2014, compiling detailed yet concise
information on the context of the company, an overview of its financial statements, careful ratio
analysis and finally producing an ... Show more content on Helpwriting.net ...
Evaluation 14
Conclusions and recommendation 15
References 16
Appendix 18
Appendix A: Methods and data 18
Appendix B: Ratio Calculations 19
Introduction
The retail sector in the United Kingdom is essential for the economy, the company Tesco PLC
currently corresponds to the biggest retailer in the UK (1) by revenue and it is one of the top five in
the sector at the world level according to market capitalisation (2). Therefore, it would have been
justifiable to consider Tesco as a safe investment. However, the company is now facing agency
issues (3) which has concerned investors and has caused the company to lose 50% of its market
share price.
This report will analyse the financial performance of Tesco PLC in order to gain an insight of the
company's financial health. To understand this, the CORE method of approach (Context, Overview,
27. Ratios and Evaluation) will be employed.
Firstly, the Context of the company will be examined to see how macroeconomic conditions or
external factors could have affected the performance of the company, for example, the financial
crisis of 2008 or the current low (0%) inflation in the UK. Additionally, the internal financial
perception within the company is studied from the financial annual report.
The second part of this work aims to give an Overview by use of a SWOT analysis of the company
throughout the last five years 2010 – 2014, for this horizontal and trend analysis techniques are
employed referring to key values presented
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28.
29. Swot Analysis of Tesco
Contents
1. Introduction 3
2. History and Procedures 3 2.1 History of Tesco 3 2.2 Procedures 3
3. Findings 4 3.1 S.W.O.T analysis 4 3.1.1 Strengths: 4 3.1.2 Weaknesses: 5 3.1.3 Opportunities: 5
3.1.4 Threats: 5 3.2 Michael Porter's Five Forces Analyses 6 3.2.1 The threat of substitute products 6
3.2.2 The threat of the entry of new competitors & The bargaining power of customers 6 3.2.3 The
intensity of competitive rivalry 8 3.2.4 The bargaining power of suppliers 9
4. Conclusions 9
5. Recommendations 10 5.1 Short Term Recommendations: 10 5.2 Long Term Recommendations:
10
6. References 11
1. Introduction
This introduction part will ... Show more content on Helpwriting.net ...
Since culture and preferences differ from countries to countries, Tesco may invest a lot to adapt to
local consumption concept. For example, before entering China, Tesco may spend a lot to adjust to
peoples' preferences in there, which are absolutely different from that in Britain. Even people in
different provinces have different habits.
Every time Tesco expands there business to a new region, a great deal of money would be paid for
'tuition', which will have impacts on its cash flow and competitive strength.
3.1.3 Opportunities:
When referring to the current external environmental conditions of Tesco, it is the global financial
crisis. However, Tesco regards the crisis as its opportunities.
According to the Economist (May 14, 2009), Tesco makes it a chance to push further into financial
services. Since Tesco already has lots of customers experiencing the stores, their costs of acquiring
customers are low. Also the brand is trusted.
People who have witnessed the way in which retailers cooperate with banks in joint ventures
constantly note how much more focused grocers are on the consumers' demands.
"Retailers think first about the customer, banks about the profit," says an executive. In March Tesco
announced an ambitious expansion of its banking activities.
30. 3.1.4 Threats:
Except for having brought Tesco opportunities, the financial crisis, however, has made its external
environment bad. Here is a piece of news. Evans and Loncraine
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31.
32. Introduction to J. Sainsbury Plc
Company analysis Comparative analysis Financial Ratio Analysis Gearing/Financial Risk
Evaluation of Financial Analysis Introduction
The objective of financial reporting/statements is to provide information about the reporting entity's
financial performance and financial position that is useful to a wide range of users for assessing the
stewardship of the entity's management and for making economic decisions.
This is a report on the operations of J. Sainsbury Plc and Tesco Plc, and will focus on a financial
analysis and comparative analysis, from which an evaluation will be drawn on to determine which
of the two companies would seem to be a more viable investment to a potential investor. ... ... Show
more content on Helpwriting.net ...
...
Tesco
Tesco was founded by Jack Cohen in 1919 as a little stall in East London selling foodstuffs. The first
line of Cohen brand goods placed on the market was Tesco tea. ... The first Tesco store was opened
in 1929 in Burnt Oak, Edgware.
In 1947 Tesco Stores (Holdings) Ltd was floated on the Stock Exchange, with a share price of 25p.
...
Tesco competed by offering low prices to customer, which it achieved buying in bulk and keeping
costs down. Since 1998, Tesco Stores has been the biggest trade network in England, Scotland and
Wales. In Great Britain, where Tesco owns over 700 stores and department stores, an average
commercial unit offers about 40 000 sales lines from food to CDs, clothes, books, garden furniture,
and toys.
Recently, Tesco has run trade units in Ireland, Poland, the Czech Republic, Slovakia, Hungary,
Thailand, South Korea, Malaysia and Taiwan.
Today, Tesco Plc is the UK's largest retailer, and some of its activities include:
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33.
34. Marketing Strategy Of Tesco Direct
After two years Tesco introduced their loyalty program with steady growth, Tesco moved to another
marketing strategy, which is Tesco Direct and Tesco.com. Tesco Direct is a platform to sell home
electrical, sports, beauty, toys, entertainment, books, etc. The positioning and message in the main
page of Tesco Direct (Figure 1.0) is very clear and significant. When viewer click into the
organisation's website, the first sight is fall on the homepage. Homepage can decide how truly the
viewers are engaging with your page. At the homepage site of Tesco, viewers can see different kind
of seasonal promotion items. This can grab the attention of viewers, to attract them to stay in their
site for longer time. If the homepage is interesting and informative enough, the viewers will visit the
website more frequently. Online loyalty will be formed if the viewer think that the website is worth
to pay a visit, it could be kind of habit. Then, three years after Tesco Direct, Tesco rolled out the
concept of Tesco.com – buy your groceries online with door step delivery service. Tesco has begun
the Tesco.com home delivery service in United Kingdom to offer the service of groceries home
delivery service by using the environmental friendly paper box instead of carrier bag and
convenience collection at store. This act was to response to the environmental protection, to take
part in green commitment and to reduce the usage of carrier bag because by expressing a positive
and go green image, it is
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35.
36. Tesco's operations stategy
Executive Summary
Operations Management plays a key role in achieving the main performance objectives of Tesco.
Whether the current operation objective is to improve customer service or to increase profitability,
the way in which Tesco utilises its resources will have a significant impact. As a consequence, there
have been a number of innovative developments in Operations Management that have sought to
make use of Tesco resources in a significantly new manner in order to make a big step change in
performance. Tesco is an successful example of operations management, however, through our
investagation they also have some demerit in their opertions management need to be improved.
1. Introduction
The Institute for Retail Studies's research ... Show more content on Helpwriting.net ...
(2004) points out that quality is a particular important objective to all operations, as quality is an
important aspect of customer satisfaction or dissatisfaction and quality operations could both reduce
costs and increase dependability. For a grocery retailer, quality could mean goods are in good
condition, the store is clean and tidy, decor is appropriate and attractive and staffs are courteous,
friendly and helpful etc., so according to our research with Tesco store manager, he stated that Tesco
has put more staff into stores and distribution centers in order to improve its availability and service.
Moreover, Tesco also launched Clubcard that the information provided by it enables Tesco to better
understands their customers.
In addition, Tesco delivered new system of hand–held computers for their staff in all of UK stores,
which is to provide key information on the sales floor, simplifying their stock and order operation
for customers. And they also have tested self–service checkouts in order to help reduce queuing and
congestion. All These system has helped to improve speed, quality and flexibility of their staff
response to customers' queries.
In general, according to above analysis, the five operations performance objectives are interacted
with each other, Tesco need to take account of all of them when they deliver their operation
strategies. More importantly, each of these performance objectives is also influenced by the
competitive factors, so according to
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37.
38. Tesco National Minimum Wage
In the 2015 budget, the new compulsory National living wage was launched, which were 50 pence
higher than the current National minimum wage. (The exact amount and increase in National living
wage and National minimum wage throughout the years will be further discussed in Problem
Definition in this report.) This new motion raised the awareness for how much the different big
employers/companies in the UK, such as Tesco, pay their employees, and if that wage is sufficient to
live on in the UK. Several questions regarding workers' right were raised by the Living Wage
Foundation(LWF) publicly, coordinating with news spreading on mass media. The Living Wage
Foundation's main function is to announce the new living wage every November, as well as helping
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The current UK living wage is £8.25 an hour outside London, and £9.4 an hour in London. [2] This
voluntary wage rate is higher than the statutory national minimum wage which is 6.7 GBP per hour.
National Living Wage
National Living Wage(NLW) is the new mandatory minimum wage rate which will start from April
2016, introducing by the current government in 2015. Under the NLW, the minimum wage for
workers aged 25 and above is set at £7.2 per hour instead of the current NMW of £6.7 per hour.
Zero Hour Contract/Low Hour Contract
Zero–hours contracts, or casual contracts, allow employers to hire staff with no guarantee of work.
The UK government explained with the following scenarios:
"they are on call to work when you need them; you don't have to give them work; they don't have to
do work when asked"
The Office for National Statistics (ONS) says that 697,000 people were employed on zero–hours
contracts for their main job between October and December 2014, based on figures from the Labour
Force Survey. That represents 2.3% of the UK
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39.
40. 5.2 Core Competence Of Tesco
5.2 Core Competence
Predominant execution, as indicated by Johnson and Scholes (2003), must be controlled by the path
in which organization's assets are sent to make fitness in the hierarchical exercises. Center
capabilities are exercises or procedures that basically underpin the organization's playing point. The
essential focus for the organization is to perceive that rival between organizations is as much a race
for skill as it is for business sector position and business sector power. Hence, the objective for
Tesco administration is to center the consideration on capabilities that truly influence advantage.
The ability prompts levels of execution from an action or process that is essentially superior to
contenders. Benchmarking may help ... Show more content on Helpwriting.net ...
Prahald's and Hamel's methodology expresses that center capabilities ought to change in light of
changes in the organization's surroundings and be adaptable and develop over the long haul. In this
way, Tesco needs to adjust to new quickly changing circumstances and opportunities, so its center
abilities will need to adjust and change. The case of this was the point at which the organization has
dispatched its faithfulness card and went into managing an account.
Center capabilities structure recommends three elements, which can help to distinguish center
abilities:
Give potential access to a wide assortment of business sectors: empowers the production of new
items and administrations. Fro case, Tesco has made a solid initiative in nourishment retailing
industry. The center fitness that empowered Tesco to enter retailing of sustenance and non–
nourishment items was a reasonable unique brand recommendation that had a concentrate on an
appropriately characterize business sector portion. Tesco is perceived as the organization, giving the
most modified and proficient administration, taking into account a decent client relationship
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41.
42. Tesco Performance Management
A critical study of The Impacts of Business Strategies
On Performance Management in Retail Industry
( A Case Study Of Tesco Plc.)
Submitted By: Muhammad Ahsan Riaz
Supervisedor by: Dr. Liaqat Ali
University Student Number: 1092187396468
College Student Number: 130479
Submitted In Partial Fulfilment of the MBA Finance
University Of Wales (London College of Business) April 2012
In the Name of Almighty ALLAH
Most Gracious, Most Merciful
"Say my worship and my sacrifice and my living and my dying are for Allah, Lord of the Worlds.
He hath no partner. This ... Show more content on Helpwriting.net ...
May Almighty ALLAH reward him hundred folds.
This research studies would not have been possible without the support and guidance from my
research supervisor Mr.Liaqat Ali, who not only appreciated my efforts in writing this thesis but
gave his valuable time to read, review and recommend necessary adjustments in writing my thesis.
Last but not the least, I will like to extent my sincere gratitude to all my fellow class mates at
"London College Of Business", for sharing their knowledge and giving their precious time and
being patient during my stay at above college during April 2011 to April 2012.
I Wish Good luck to all for their bright future.
ABSTRACT
43. After reviewing the literature relevant to the business strategies and more specifically business
strategies adopted by UK retailors over the time, and their impact on the performance of UK retail
sector, this thesis restrains its research to a case study of the impacts of business strategies on
performance management in UK retail (A Case Study Of Tesco Plc.).
In doing so, the researcher has compared the data from 2009 to 2012 and after reviewing the
performance of Tesco Plc. and comparing it with some of its like for like rivals in UK retail sector in
the likes of Sainsbury's and Asda , the business policies adopted by these business organisations
during the period under study
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44.
45. Macroeconomic Concerns Of Tesco
Introduction
The short–term macroeconomic concerns of Tesco (T. Choithrams LLC) include low purchasing
power of consumers has led to high inflation and low incomes. In the long term, these concerns
should be based on social and technology. This means changing consumer lifestyles and new
technologies. The effect of consumers of Tesco includes the use of technology to reduce labour costs
and revenues through the use of the Internet to increase.
The utilities are still low, but the relatively strong force when customers act together. This means
that Tesco must effectively understand the "Club Card" to use the current consumer trends and adapt
your strategy as needed. input threats and new alternatives mainly to the growth of the Internet, but
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Therefore, to Tesco to differentiate themselves from their competitors, a much broader strategy will
be developed. Tesco should focus a global strategy for the "delivery" of services, both online and in
stores, and improve the customer experience.
Despite the various strategies used in different SBU Tesco, the value and the most prestigious
brands, keep the focus on price and quality. Each along with this strategy, "delivery" again This is to
ensure long–term stability to expand the customer base of Tesco.
"Club Card" Tesco will have an important role in this "delivery strategy." Then: "Club Card" Tesco
will provide information to plan how different aspects of this strategy. This includes the appearance
of improvement stores to improve customer convenience and time for shopping. This review of
Tesco stores also reduce the possibility of limiting the impact on the environment. Therefore, the
long–term viability, improve and reduce costs in the long term and improve the views of
stakeholders in the
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46.
47. Tesco and Globalization
Tesco & Globalization Table of Contents TOC o "1–3" h z u HYPERLINK l "_Toc325129042" 1.0
Introduction PAGEREF _Toc325129042 h 4 HYPERLINK l "_Toc325129043" 2.0 Application
PAGEREF _Toc325129043 h 6 HYPERLINK l "_Toc325129044" 3.0 The Challenge of
Globalization to Tesco PAGEREF _Toc325129044 h 11 HYPERLINK l "_Toc325129045" 4.0
Recommendation PAGEREF _Toc325129045 h 12 HYPERLINK l "_Toc325129046" 5.0
Conclusion PAGEREF _Toc325129046 h 13 HYPERLINK l "_Toc325129047" 6.0 References and
Bibliography PAGEREF _Toc325129047 h 13 HYPERLINK l "_Toc325129048" Appendices
PAGEREF _Toc325129048 h 17 Introduction Tesco PLC has created a highly scalable profitable
business model for capitalizing on the potential to deliver unique shopping experiences in nations
globally while also ensuring high performance of their own supply chain. Inherent in this ability to
intermediate between the unique requirements of the nations and regions they choose to compete in
relative to keeping their supply chain performance at an optimal level is inherent in their reliance on
several strategic governance and planning frameworks (Gripsrud, Benito, 2005). Beginning with
Tesco's ability to interpret and respond to cultural cues in the market then translate them into unique
regional expansion strategies, the company shows insight into cultural dimensions that align to
Hofstede's Cultural Dimensions Model (Hofstede, McCrae, 2004). Tesco has the unique ability to
sense the needs and
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48.
49. Tesco Critical Lens
MKTG 441
Erickson Fenton and Crystal Lobdell
Case Analysis 2: From Apples to Zoom Lenses
1. What was the rationale behind the extension of Tesco from a brick–and–mortar food retail
business to online food retail (Tesco.com) and to both offline and online non–food retail (Tesco
Direct)? How has this extension helped Tesco manage customer relationships more effectively?
The main rationale behind why Tesco decided to extend their services online was to implement a
better–quality service by changing the rules of the game through easing the process of grocery
shopping and making it more effortless and convenient for its customers. Tesco's motto is "Good,
Better, Best" they strive for perfection and continued improvement. The expansion of non–food
items allowed customers to make Tesco's a one–stop shop for all their wants and needs. Tesco's were
interested in making changes to improve customer satisfaction thus the reason to implement online
services. This new rationale has helped Tesco meet their customers' desires and demands, attract
upper market segments, become more cost–efficient, increase home delivery accuracy, and to collect
data about their customers' purchase habits. One of the major advantages of Tesco Direct is
customers are able to pick their products online and have them ready for pick up when the customer
desires, this has allowed Tesco the opportunity to expand their customer base. Online orders allowed
Tesco Direct to manage customer
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50.
51. Tesco Marketing
INTRODUCTION
Marketing is essentially a matching process between the needs and expectations of customers, and
the organization's ability and capacity to satisfy them.
One of the main points of this process is the marketing planning.
The purpose of marketing planning and its principal focus are the identification and creation of
competitive advantage. Marketing planning is the planned application of marketing resources to
achieve marketing objectives.
In other words, it is the written document that describes your advertising and marketing efforts for
the coming year; it includes a statement of the marketing situation, a discussion of target markets
and company positioning and a description of the marketing mix you intend to use to ... Show more
content on Helpwriting.net ...
Add to that a high rate of unemployment causes a drop in effective demand for goods, that demand
requiring for the production of goods.
While these economic factors are largely outside the control of Tesco, they have an undeniable
impact on the company business performance and its marketing decisions.
Tesco operates in a global world and is now located in several countries, and this international
business is still growing, but it remains dependent on the UK market. This excessive concentration
on a single market exposes them to risks and would be negatively affected by any slowdown in the
UK food market (as the crisis of "mad cow" in the 1990s)
Finally, the economic crisis, which is still current, tends to reduce the purchasing power of
consumers, who are much more reluctant and afraid to spend more than they can.
New technologies have had a great impact. For instance, online shopping has become a major factor
in Tesco 's recent success.
Technology is the basis for the development of many products in the Tesco range. These new
technologies have provided consumers than the company itself.
Consumer satisfaction is higher because services are more personalized and responsive to each and
shopping becomes more enjoyable and seems less arduous. To obtain customer satisfaction, Tesco
has put in place in its stores the following technologies:
–
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52.
53. Recommendations For Tesco
Giant is one of the largest retailers in Malaysia. Giant store was founded by the Teng family in 1944.
The store started as a simple grocery store in one of the suburbs of Kuala Lumpur in 1944 and
expanded with the opening of the Teng Minimarket Centre in Bangsar in 1974. Its purpose was to
offer their customers wide range of food products at lowest prices as possible. As years gone by the
store reputation grew and so did the business. Dairy Farm, which captured Giant in 1999,
recognized that the leading to Giant's success had been its capability to continuously offer value for
money products. It maintained this basis principle even as it began turning Giant into a national and
international brand.
After six years of struggle, including redesigning ... Show more content on Helpwriting.net ...
Tesco also sell non–food products such as electronic goods and clothing. The company group has
recorded their revenues of £42,641 million during the year of 2007, and raise 8.1% over 2006. They
also made a profit £2,648 million during the financial year of 2007, and raise 16.1% over 2006. The
company net profit of £1,892 million within the financial year of 2007, and raise 20.5% over 2006.
Recommendations
Improve customer offer
Listening to customers in a wide variety of ways is the key of what to do. Engage with customers
through a range of focus groups and ongoing research trackers, and actively seek feedback on what
is good or not so good, such as through Every Comment Helps scheme. Online and social media
make it easier to listen and respond to large numbers of customers in real time, through Wechat,
Facebook and Twitter.
Promotes the right product at the right time
A good distribution system begins with understanding which and what products the stores need to
promotes. Forecast what customers will buy using sophisticated, detailed models to consider
variables such as seasonality, weather forecast and likely response to
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54.
55. Btec Business Level 3 Unit 12 P4
Unit 12– Internet marketing
P4 – Arlindo Gusson Group 3
Opportunities offered to the businesses by internet marketing
In this assignment, I am expected to fully describe the opportunities offered by internet marketing to
Tesco.
I will be covering the following points: * Greater access to customers and markets * Greater
availability to customers of services and product * The marketing mix
In this assignment, I am expected to fully describe the opportunities offered by internet marketing to
Tesco.
I will be covering the following points: * Greater access to customers and markets * Greater
availability to customers of services and ... Show more content on Helpwriting.net ...
If customers interests are purchasing Horror DVDs, Tesco would email/send this customer latest
Horror DVDs that is on their website and in store.
Tesco tries to understand customers and be the first to meet their needs by always sending emails to
latest new products in store and on their website. Plus deals and discounts on products that suits the
customers' needs.
Tesco has a lot of ways to advertise and promote their products; Social media is one of them.
Currently, Tesco has 839,703 likes on Facebook and uses its page to promote promotions such as
discounts on goods ordered online and competitions to win Tesco products. Facebook users can post
products they "like" to their Facebook wall.
Their main scheme is to attract more and more people rewarding customers that promote successful
their products via their Facebook pages.
Tesco has a lot of ways to advertise and promote their products; Social media is one of them.
Currently, Tesco has 839,703 likes on Facebook and uses its page to promote promotions such as
discounts on goods ordered online and competitions to win Tesco products. Facebook users can post
products they "like" to their Facebook wall.
Their main scheme is to attract more and more people rewarding customers that promote successful
their products via their Facebook pages.
1–
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56.
57. Understanding Organizational Performance
1.0 – Introduction
The focus of this paper will be on investigating an organization, their performance management
system and our recommendations for the future. Historically performance management is defined as
evaluation a firm through metrics such as return on investment and economic value added. Our
analysis will cover not only the financial performance of our chosen firm, but also their values in
behaviors as well as their objectives. Thus, we will ascertain if the current system of performance
management held by the firm is aligned with their objectives and appropriate for their situation.
1.1 – Why is strategic performance management important?
Strategic performance management is a process where an organization develops its ... Show more
content on Helpwriting.net ...
They also have on job training, which is a cost effective way to ensure that their staff is capable of
performing well.
Tesco Leadership Framework is directed at three key themes to guide behavior in all employees.
These behaviors link to nine critical success factors. The critical success factors can be segmented in
several levels of assessment. This aids management in selecting the staff with the capacity to
become high performing contributors to organisations.
As part of the long term strategy of the corporation, discovering future leaders is of the utmost
importance. TESCO states that they will select leaders wherever they can be found in the
organization for advancement. Promotions are a regular occurrence as over 2,900 managers were
promoted internally in the United Kingdom and literally thousands more in international locations.
The Options programme is a more infrequently used as only 1 in 30 employees are enrolled while
basic training and development happens about every 1 in 10 members of TESCO.
Before beginning their development plan, each member of the TESCO staff selects gaps in their
skills and competencies. The Personal Development Plan has a section where they can select this
information for their line managers to check on in the future.
2.4 – What is strategic performance management? Who says so?
The balanced scorecard is the most widely used standard for performance management. As
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58.
59. Triple Bottom Line In Tesco
Triple Bottom Line (TBL) is a concept, invented in 1994, that it has come up with the three factors
that company should follow in order to become sustainable including people, planet and profit
("Triple bottom line", 2009). In the present time, many companies are more aware of becoming a
sustainable company. This is because of the fact that many people today believe that in order for big
corporations to become successful, they must try to become sustainable. Tesco is an example of a
big corporation that is currently aware of the TBL. However, it seems like there are still negative
aspects of their sustainability.
Established in the United Kingdom, Tesco is one of the biggest retailer companies that is now
expanded all around the world. Tesco ... Show more content on Helpwriting.net ...
According to the article by Cardwell (2013), Tesco has said that there are over 40% of apple from
Tesco that was dumped into the trash each year which is the total of 28,000 tonnes. In addition to the
article, Tesco is trying to find the solutions for this leftover products. One of their solutions is to
create an awareness campaign including advertising in order to raise an awareness to the society
about this problem (Cardwell, 2013). Moreover, Tesco has also tried to reduce electricity
consumption. According to the organization that studied about people's living condition in Europe
called EMCC (2013), Tesco is responsible for 5.4 million tonnes of carbon emissions in the UK,
which its main cause is due to a high electricity consumption. Therefore, they have come up with a
strategy of reducing their consumption. They have come up with a project called "Zero–Carbon
business", which its idea is to try to make as least of carbon emission as possible, even if their
expense will increase (EMCC, 2013). In addition, to EMCC (2013), one of the ways that Tesco
decided to do is to work collaboratively with non–governmental organizations (NGOs) in order to
invent the new technologies that can help companies reduce their carbon emissions. However, there
are still many people who believe that Tesco has not done enough to helping the environment.
According to the
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60.
61. Unit 33 P5
Introduction:
In this part of the assignment I am going to explain the competitive pressure on selected, contrasting
business organisations to develop their use of e–business. Also I will explain how two selected,
contrasting business organisations have responded to competitive pressure to develop their use of e–
business. At the end I have to evaluate how successful a selected business organisation has been in
preparing for the growing use of e–business.
It provides free information to anybody who wishes to seek information about drugs or anybody
who would like advice.
About the Businesses
Go Compare is a comparison website which compares the prices and features of insurance
providers. They cover car insurance, pet insurance, home ... Show more content on Helpwriting.net
...
This will give them a competitive edge as they can compare their prices with their competitors and
also improve the businesses profitability.
Go Compare will use research to:
See how they can improve to attract more potential customers
Look at complaints
Customer Reviews
Research market developments
Trends
ASOS developed their presence online to increase sales by moving forward with internet shopping.
Many websites just show pictures of their products but ASOS also shows them in videos with
models actually wearing their clothing. This gives the customer the opportunity to actually see how
the clothes look on the body. ASOS went down the route of having an online presence as trends
show that more and more people are shopping online compared to going down to their local high
street.
Promotion
Internet advertising uses the Internet to deliver promotional marketing messages to consumers. They
use many different techniques:
E–mail marketing
Social media marketing
Web banners and Pop–ups
Mobile advertising
ASOS uses e–mail marketing to entice their customers to return. They send recommendations based
62. upon their customer profiles and send promotional offers such as free delivery and 20% off deals.
They also post new items on social media networks so customers are always aware of the latest
trends and products being sold.
Talk to Frank also
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63.
64. Strategic Analysis of Tesco Plc
Strategic Analysis of Tesco plc
Outcomes covered in the report are:
1. To demonstrate an understanding of strategic decision making using of knowledge and
understanding of business principles to critically reflect on the strategic management of an
organization
2. To demonstrate and evaluate the strategy and the process undertaken to implement strategy,
manage, and understand its impact on the organization.
3. To critically reviews emerging markets and analyze the limitations and influence of market
development, marketing, and their relative dominance on the performance of an organization.
4. To demonstrate effective thinking and process for integrated approaches to business analysis and
critical application of principles of ... Show more content on Helpwriting.net ...
The theoretical approaches are analyzed to understand the practical strategic implications of the
chosen organization. The organization chosen for analysis is UK based supermarket Tesco which
has penetrated international market as well.
Tesco is multinational chain of supermarkets which was founded by Jack Cohen in 1919 and is
headquartered in Chestnut, UK. It is a public limited company (plc) which now operates in retailing,
petrol stations, and finance services. Tesco showed its expansionary zeal early on by buying up rival
shops. Tesco has shown aggressive strategies for expanding its operations. In the 1950s the retailer
bought 70 Williams stores and 200 Harrow stores, followed by 97 Charles Philips stores and the
Victor Value chain in the early 1960s. In 1961, Tesco Leicester entered the Guinness Book of
Records as the largest store in Europe and in 1968 Tesco opened its first 'superstore ' in Crawley,
West Sussex. Supermarkets revolutionised the way people shopped and by the 1970s Tesco was
building a national store network to cover the whole of the UK, which it continues to expand to this
day, while also diversifying into other products. Tesco was paced up with the changing way of
shopping and started its online shopping as well. Tesco then expanded in other countries such as
Scotland, Ireland, US and so on. Today, Tesco is the third largest retailer in the world and is
financially progressing in terms of sales and
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65.
66. Tesco Bank Marketing Essay
Contents
1. Executive
Summary–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––1
2. Task 1 Area of
Study––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––2 3.
Task 2 PLC
Stage–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––2 4.
Task 3 Target
Market––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––5 5.
Task 4 Product
repositioning––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––6 6. Task 5
Pricing Strategies––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––8
7. Task 6 Poster Design For Advertising Campaign––––––––––––––––––––––––––––––––10 8.
Conclusion and ... Show more content on Helpwriting.net ...
It is hard to analyze the trend of sales from 2009 to 2011. The sales fluctuated during this period.
The profit increased rapidly from 2002 to 2005, then declined gradually due to the possible reasons
of the bad global economy situation and the financial crisis. After Tesco Bank was entirely owned
by Tesco, the profit boosted remarkably again such as the growth rate was 65.625% in 2009 and the
average growth rate of profit from 2008 to 2011 was 29.72%. However, the growth rate declined
year by year.
Based on the evidence above, it can be inferred that Tesco Bank is now at the maturity stage.
According to the trend of profit, the product achieved acceptance by customers for a period of time,
then the big change in 2008 led to rejuvenation of its business. At the same time, the sales growth
was slowdown but it seems to increase in the future. These points match to the characteristics of
maturity stage (Kotler and Armstrong, 2012).
Boston's Matrix is a chart to evaluate a company's market strategy and situation according to its
relative market share and market growth rate (Kotler and Armstrong, 2012). It can be described as
Figure 3.
The market growth rate of Tesco Bank was high in recent years but the relative market share is still
low based on the data above. Pettinger (2011) states that Tesco Bank is a smaller bank in the UK
67. which ranks 10th of 10 Largest UK Retail Banks.
Question marks means a company has relative low market share and high market growth
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68.
69. The Pros And Cons Of Competitive Strategies
INTRODUCTION
Each organization has its own strategy in order to achieve company's aim such as grow in the
market, especially by considering there would be many more competitors around. Due to that, the
company require to have very good tactic in order to gain customer's trust so that they can lock in
the customers. By having good strategy, the company will have its own uniqueness which makes it
different from other company. As the result, it could support the company to succeed in competitive
advantage, since understand all the threats that might prevent to accomplish the objectives through
analyse on the current business atmosphere and industry circumstances. In this case, the customers
would satisfy with the company services because it is ... Show more content on Helpwriting.net ...
Besides that, the customers of Tesco expectation are able to purchase products that are branded. Due
to that, new products which are come from small firms would be difficult to compete with products
that produce by supermarket shelf space. Moreover, Tesco is offered shelf space for the
manufacturers who offer high of profit to the Tesco per square inch of the shelf space. On the other
hand, Tesco has small suppliers in order to produce similar products especially with goods that are
produced in farmhouse such as milk to poultry. As a result, the bargaining of these types of suppliers
depends on substantial amount of goods that Tesco can consume from those particular suppliers
(Henry, 2011). Likewise, Tesco is control suppliers by order goods from many big suppliers, as a
result if a particular supplier is charged too much and expensive, Tesco will not buy their products.
In this case, the bargaining power of suppliers is
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70.
71. An Organization Of My Interest
ACC1021 Assignment One Introduction In this task I have chosen an organisation of my interest
(Tesco) and I am going to provide the following details; A theoretical definition of an organisation
(later applied to Tesco) Classification of Tesco Main functions of Tesco The three levels of decision
making Stakeholders of the business A SWOT and PEST analysis of Tesco Recommendations A
Theoretical Definition of an Organisation By definition an organisation is an organised group of
people whom of which all have their own purpose and responsibilities all done to achieve one
mutual goal, to succeed. In the book 'Images of an Organisation' the author shows how some
organisations can be compared to the similarities of things such as ... Show more content on
Helpwriting.net ...
A business requires somebody to take charge and manage its parts (workers) so that it can perform
to its potential and achieve its goals. The downside to machine organisations is that they do not
perform well when it comes to change. When you look at most machines its parts are only intended
to do specific tasks when you then try to make that part do something else it may be able to do it,
however it won't do it as well as it may be required to do as it has already been moulded and created
to perform another task. Workers in machine organisations will have had a specific routine as to how
they get the job done, when you ask them to come out of that routine they will not be able to
perform as well as before. So say Tesco is a machine you look at one of their stores and in a way the
store is a cog, the workers of the store are the bearings which allows said cog to rotate and to fulfil
its role in the operation of the machine. If one of the bearings gets rust and can no longer perform its
duties then said bearing will be replaced, as if a worker at your local Tesco couldn't perform his
duties he would be replaced with another who could. So you have all of these cogs (stores) in the
machine (organisation) and if they are all doing what they are intended to do then the machine
(organisation) would be operational and achieve its purpose/goals given of course that its operator
(manager) knows how to operate it. Classification of Tesco (Profit or Non Profit) Tesco is definitely
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72.
73. Marketing Reflective Essay
With regard to presentation we have been asked to select brand (product or service), perform as its
specialist and finally present our findings/ideas. Our group chose one of the largest companies that
operates in the UK Supermarkets market – Tesco Plc. In order to analyse macro, micro, and
internal–environment of selected brand were used such an important tools as PESTLE/PEST, SWOT
Analysis, Porter's 5 Forces and BSG Matrix. And ultimately we have been asked to write an essay.
The purpose of this reflective essay is to think about findings individually of group presentation
with a particular focus on the logic and rational recommendations, probable results, estimation of
methods and tools. According to Jobber (2010, p.98) PESTLE or PEEST ... Show more content on
Helpwriting.net ...
Thereby, all the findings allowed our team to highlight areas in which company has got some
challenges, such as Clothing (Question mark) and Technics (Dogs) which helped our group to make
recommendations at the end of presentation. With regard to recommendations, I would like to pay
attention on the fact that all of the tools and methods which have been used in presentation, helped
our group to outline some challenges of Tesco Plc. Due to that statement, we outlined key areas,
such as online shopping market, music and video markets, on which Tesco Plc must focus on in case
of potential progress, increasing profit and customer loyalty. In general, despite of the fact that all
used tools have helped us to analyse the company's performance, some of them have limitations
which impede clear understanding of situation. Nevertheless, the mix of these tools gave us solid
method how to examine performance of the company. As a final point, I would like to state that,
generally, our group did presentation well. Whilst I had a feeling that some of my partners were a bit
apprehensive
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74.
75. A Paper Work of Customer Relationship Management of Tesco,...
ABSTRACT
This study explored the customer relationship management of Tesco. Tesco is the leading retailer in
UK. It manages over a thousand supermarkets, hypermarkets, and convenience stores in the United
Kingdom, Ireland, Central Europe and Asia.
The study analyzed the customer relationship management, changes in consumer behavior, business
environment, and PESTEL, which is very important in strategic and competitive study of an
organization, especially in the retail and service industry. Since the retail industry undergoes very
diverse change almost everyday, it is just right that Tesco's strategy on change examined. In
analyzing how Tesco is competitive, the study also utilized the SWOT analysis and Porter's five
forces for the ... Show more content on Helpwriting.net ...
Moreover, customer retention and customer loyalty are major benefits of CRM systems to the
organization as it is working to retain existing customers by managing relationships with them will
generally increase revenues and reduce costs. Positive outcomes can include a larger share of a
customer's businesses as a result of activities such as cross–selling and up selling. When CRM
works, it helps to solve this problem by meshing everyone together and focusing the entire
organization on the customer. CRM requires commitment and understanding throughout the
company not just in marketing as it adds to a sense of expectation and loyalty being instilled within
the consumer and the development of a relationship between company and customer that
competitors find hard to break.
Furthermore, the club card and customer retention can be linked through the use of the internet, as
internet is now the most popular means of reaching and interacting with customers having such
rewards of increased customer retention, growth and profitability with the most proficient at
managing their relationships with their most valuable customers with the potential to tighten
connections with better service, remember customer histories and requirements to deliver
personalized solutions, and improve the synchronization of dispersed points of customer contact.
CONSUMER BEHAVIOUR
The study
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76.
77. What Is Clubcard?
As indicated by previous studies on satisfaction and loyalty are partitioned into three classes. The
principal classification is gotten from administration and study on the satisfaction and loyalty
relationship is performed by and large and in hierarchical level. Fulfilment is the foundation of
faithfulness that effects on authoritative gainfulness. The second classification has focused on
individual level and has examined keeping up client in light of second time purchasing aim. These
variables have a critical disappointment in view of the current distinction between one's longing and
his/her conduct. The second class asserts that dedication is influenced by fulfilment regardless of the
fact that their relationship is not coherent. The third ... Show more content on Helpwriting.net ...
Consumers usually opt for those retailers that are providing them the goods of their choice in
cheaper prices. This is one of the most significant ways for retailers to understand the way
consumers shop and purchase items. When a loyalty program is introduced by a retailer, their main
aim is to target those consumers who have been with the corporation for a good long time and have
shopped with the store on a daily basis. The loyalty programs provides vast amount of benefits
which the consumers may not attain from anywhere else (Söderlund, & Colliander, 2015). From the
consumer's point of view, loyalty program are a kind of blessing because it allows them to purchase
items at a cheaper price as well as allows them to reap more benefits from the retailer through the
loyalty program. Many consumers have become part of the Tesco's loyalty program because they
believe that Tesco has provided them with vast amount of benefits for just being their loyal
customer. Many customers are of the view that the loyalty program initiated by the Tesco is the most
satisfying one out of all the loyalty programs that are initiated by other retailers.
2.4 A functional framework for perceiving positive customer loyalty
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78.
79. What Is The Five Forces Of Tesco
Organization Name : Tesco Stores (Malaysia) Sdn Bhd
Student ID : DBS 15027
Name : Lee Chiew Yeng
Subject : Unit 16 Managing Communications, Knowledge & Information
Lecturer Name : Ms. Seethai Subramaniam Executive Summary
Table of Contents
No. Title Page Number Task 1
1 1.1 Consider the range of decisions to be taken.
2 1.2 Investigate the information and knowledge needed to ensure effective decision taking.
3 1.3 Analyze internal and external source of information and understanding.
4 1.4 Support recommendations for improvement. Task 2
5 4.1 Present your findings on existing approaches to the collection, formatting, storage,
disseminating information and knowledge of your selected organization.
6 4.2 Execute appropriate changes to improve the ... Show more content on Helpwriting.net ...
In addition, supplier power is the opposite of buyer power. Suppliers of Tesco are Federlite Sdn Bhd
and more. Tesco has also creates their own brand which is Tesco finest*, Tesco Everyday Value,
Tesco and Tesco Loves Baby.
Threat of substitute products or services:
Threat of new entrants:
The threat of new entrants of Tesco is low as it is difficult for competitors to enter the market in the
same industry. A large amount of investment is needed to enter the industry of hypermarket.
Besides, there are some entry barrier before a Tesco store is opened such as Tesco own brand
Rivalry among existing competitors:
The rivalry among existing competitors of Tesco is high as the competition in the market is fierce.
There are a lot of hypermarkets in the market which are the competitors of Tesco such as Giant
Hypermarket, AEON BiG, Cold Storage, Mydin, H&L Group, Pacific Hypermarket, TMG Mart,
The Store, Isetan, AEON, Servay Hypermarket, Pantai Timur Hypermarket and Jaya Grocer.
Therefore, it
1.3 Analyze internal and external source of information and understanding.
1.4 Support recommendations for
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80.
81. Executive Summary: Tesco And Walmart
Executive Summary
This report consists of three parts. The first part introduces the two multinational retail stores, Tesco
and Walmart, with their backgrounds and history respectively.
The second part discusses the evaluations and comparisons of the business ethics and business
norms/practices in both the organizations. It describes in detail, their customer care services and
behavior towards the employees of the company and their attitude towards the environment.
The third part is the recommendations based on the theories of ethics that describe how the
companies can do better.
The ethical theories discussed here on the basis of the two companies are
– Utilitarianism
– Rights
– Justice
– Ethics of Care
Company background ... Show more content on Helpwriting.net ...
It sure did make Tesco happy but the total amount of unhappiness found at the end of these activities
was lot more than what Tesco achieved. In terms of utilitarianism, it was not a good way opted by
Tesco, rather it should had considered the local market before stepping their foot in that area.
Ethics of Justice
Ethics of Justice means giving every person what they deserve or giving each person his or her due
part. Justice and fairness are closely related terms that are often today used interchangeably. There
have, however, also been more distinct understandings of the two terms. While justice usually has
been used with reference to a standard of rightness, fairness often has been used with regard to an
ability to judge without reference to one's feelings or interests.
Recommendation:
Tesco abuses its power on smaller merchants and buys off their businesses. In order to stop that the
international markets and local authorities should restrict Tesco from doing such injustice acts.
Tesco should be fair and give them equal chances to market their business.
82. Conclusion
Tesco and Walmart are the. This success did not happen by chance yet it is the after effect of
adequate authority and administration. Vision is the key to these two organizations'
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83.
84. Strategic Tesco
Unit Title: Strategic Human Resource Management Assignment Title: Contribution of Strategic
Human Resource Management Task 1: 1.1: Explain the importance of strategic human resource
management for your selected company. Company: TESCO Tesco basically are world's largest
retailers they have number unlimited branded products in their product portfolio. They are operating
in 12 countries of the world with more than 500,000 employees. They are serving millions of
customers in their stores and through their website. SHRM leads the organization in a way that the
type of strategies made which have an effective impact on an organization long term goals and
objectives by confirming that the company have the skilled, motivated and committed employees to
achieve the organization's goals. Here I'm ... Show more content on Helpwriting.net ...
It is a type of company who has the successful future because of its investment on the work force. A
company is known by its employee's work effectiveness. Here HRM is providing training programs
to their employees to train them in the new and more diversified fields for the expansion purposes.
They are investing in their employees and qualifying them with best techniques and strategies that
they have to implement on their work tasks to improve the productivity. HRM is dealing with all the
issues of their people to provide them with an ease so they can me able to work in a hurdle free
environment. HRM practices also be very helpful for the learning of employees. These practices and
polices directly affect the performance level of organization. By implementing the health and safety
measure TESCO is providing a safety platform to its employees. HRM is providing assistance in
analysing and focusing the issues of the employees that will become the great hurdle in
organization's goal. A reward system or incentives to the employees surely improve the participation
and confidence of employees in their specified
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