Tesco is a major British multinational grocery and general merchandise retailer founded in 1919. It has grown to operate over 5830 stores worldwide, becoming the third largest retailer globally behind Walmart and Carrefour. Tesco aims to create value for customers through its mission of earning their lifetime loyalty. While facing challenges from major competitors and economic threats, Tesco has strategically expanded internationally and used innovative technology to maintain its position as the leading retailer in the UK market.
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Tesco never before
1. Every little helps
A Presentation by : Apoorv Pandey
(ISM Dhanbad )
@ appoorv.07.pandey@gmail.com
2. Background
T E S C O
- Founded by Jack Cohen (1910)
- Tea was its 1st product
- 5830 local stores round the world now
3.
4. Mission statement of TESCO
- Creating values for customers and earning their
lifetime loyality
Vision for TESCO
- For it to be the most customer, community,
shareholders, committed and loyal staff valued
innovative and winning company.
5. TESCO corporate strategy
Began marketing using phrases as “The Tesco way”
emphasizing company ‘s core purposes, values & goal
Expansion to internationally as well as domestically
Extensive use of innovative technology and adopted
the principles of TOYOTA’s 2 production system
7. UK’s Operations (Stores)
6 Formats : differentiated by size and the range of
product sold
Tesco Extra
Tesco Superstores
Tesco Metro
Tesco Expresso
One stop
Tesco Home+
8. Star wars force awakens at TESCO
Company’s employee recreational and customer
promotional inputs
11. TESCO ANALYSIS
Strength
Largest supermarket chain in UK
Strong brand name and financial power
3rd Largest retailer after Wal-Mart and Carrefour
International in 13 countires
With innovative and extensive use of technology
12. TESCO ANALYSIS
Weakness
Lacks experience in telecom and insurances services
Highly dependent on major market of UK
High transportation costs
Going international more demands and less workforce
14. TESCO ANALYSIS
Threats
Mega giants such as Wal-Mart and Carrefour
Rising raw material cost
Taxes fluctuations impact markets
Lower growths due to recession hit UK
15. Growth vs Competitors
Despite the recession and decreased sales TESCO still
remains the leading retailing company in UK
17. SUMMARY
Extent to which Tesco's can supply chain practices be
said as lean principles
Extremely successful company, major parts of it due to
its distribution network
Applied policies were effective helped reducing
inventory costs and improved scheduling with better
distribution of goods and services all round the world
Timely implementation f these strategies gave them an
edge another quality of leans principles
19. SUMMARY
Challenges in increased internationalization of both
its markets and suppliers
Tesco seem to develop different solutions for diversity
Primary distribution has loopholes, which Tesco has
considered timely
Taking the pains of loses, but still not letting its services
in any downfall
Behind scenes enhancement takes place in all sectors