The Business Environment of Tesco Plc - Case Study Example

Only on StudentShare

Extract of sample
The Business Environment of Tesco Plc

In its website, Tesco Plc clearly identifies its mission by the statement "Our core purpose is to create value for customers to earn their lifetime loyalty" (Tesco Plc 2008) This statement is in recognition that the success of the giant retailer is highly dependent on two key identified stakeholders-"the people who shop with us and the people who work with us" (Tesco Plc 2008). Thus, the company also expresses its two core values which are focused on the satisfaction of these two groups of stakeholders. For customers, Tesco maintains that in their stores "No-one tries harder for customers," (Tesco Plc 2008) while for its employees, it stresses that it would "Treat people as we like to be treated" (Tesco Plc 2008).
This analysis will focus on three stakeholders of Tesco Plc, two of which are already identified above as its customers and employees. It should be noted that the success of the business organization is dependent on the customers' decision to purchase in the retail store. ...
Download paper


From its foundation by John Cohen as a one-man business, Tesco PLC has ascended to the world retail industry becoming the largest British retailer based on both global and local shares. In its early years of operation, the UK-based international retailer specializes only in the distribution of food products but as it gained more market and its performance strengthened, it enhanced its portfolio by augmenting other goods and services to which ranges from clothing to consumer electronics to consumer financial services to internet services to internet service and consumer telecom…
Author : elfriedajast

Related Essays

The analysis of business environment of TESCO
Being one of the leader the vision of the firm depicts the goal of the company i.e. what exactly Tesco wants to achieve in the long run and to which direction the company is growing its business. The mission is the area to which the company wants to operate their businesses and the target customer for the company to serve. The mission gives the idea to build their foundation stone on which the company device strategies and implement them (Nwagbara, 2011, p.62).
12 pages (3012 words) Essay
An Analytical Report of Tesco PLC
The primary focus of the paper is on the UK operations of Tesco. However, where necessary, the research will cover aspects of Tesco's international operations to give a better insight into trends and ideas of the company.
11 pages (2761 words) Essay
Current Business Strategies At Tesco
This paper approves that key implementation issues and risks faced by the company are as follows - Tesco is planning to enter new global markets. The strategy adopted by Tesco is to protect the brand image and promote expansion plans. It has been in controversy over the treatment of customer and staff. Additionally, it’s approach in foreign business has been criticised. Tesco’s biggest criticism has been that it has been creating a monopoly in the market over products. Furthermore, the company had aggressive planning in building new stores. Tesco has adopted information systems to increase...
23 pages (5773 words) Essay
A Report on Current Business Strategies at TESCO plc
Tesco is an international retail company dealing with grocery and general merchandise with its headquarters in UK. The company was listed by Thebizvault (2010) as one of the five most profitable businesses in UK. The business is in the retail industry that contributes about 9 percent of the gross national product. The main competitors of Tesco in the industry are Asda, Sainsbury, and Morrison. In 2009, Tesco enjoyed the largest market share of 30.5 percent while Asda’s market share was 16.9 percent, Sainsbury’s market share was 16.3 percent while Morrison enjoyed a 12. 3 percent market...
16 pages (4016 words) Essay
Communication Processes: Tesco PLC
The effectiveness of communication within Tesco is demonstrated the Communications Strategy of the Year award which the company received in 2009 at the Employee Benefits Awards as revealed by Sudhaman (2009). Regardless of the effective communication processes within the company, improvements are required which would promote its competitiveness in the food retail market. Moreover the collection, storage and dissemination of information within the company would be improved to facilitate its business operations. P3.1 Process of Communication Advantages Disadvantages Telephone Greenbaum, Holden,...
7 pages (1757 words) Essay
Tesco Plc and Somerfield: Accounting for Limited Companies
All the data for ratio calculation has been obtained from the annual accounts of both the companies for the year ended 2005.Tesco is one of the world's leading international retailers. Since the company first used the trading name of Tesco, in the mid 1920s, the group has expanded into different formats, different markets and different sectors (Tesco at a glance, accessed 24-10-2005). The Group's principal activity is the operation of food stores and retailing, purchasing, property investment, property development, personal finance and other activities. The Group operates in 2,365 stores...
8 pages (2008 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!