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M1A3 - Leadership and ethics
Pages 3 (753 words)
Tesco PLC Name Institution Tesco PLC Tesco PLC is a multinational British general merchandise and grocery retailer. The United Kingdom houses its headquarters in Cheshunt. Tesco PLC is the undisputed third largest retailer world-wide in terms of revenues. It closely comes behind Wal-Mart and Carrefour.
It has a customer base that runs into millions per week and expeditiously boasts of workforce of over 500,000 employees (Wrigley, 1988). Jack Cohen founded the company in 1919. The name Tesco appeared first in 1924, but it was not until 1929 when the first store started its operations. The store was originally a UK grocery retailer, but it has diversified increasingly geographically and into other areas including electronics, petrol, clothing, furniture, books retail, financial services, software, internet services, and music downloads, DVD rental and telecoms. Tesco repositioned itself in the 1990s to Tesco Finest ranges (Tesco). This inevitably led to successful chain growth of the store from five hundred stores in the nineties to two thousand five hundred stores in 2005. Tesco’s Values sits at the heart of its business and helps the store to deliver its core purpose, which is to generate value for its treasured customers in order to earn their lifetime loyalty. The store affirms that it tries to its level best for its customers, treat people, as they would love to be treated in order to, fully enjoy their work (Bell & Reavis, 2003). The year 1997 was the year that these values were developed. Various touch ups have been done to perfect the values to align them to today’s business current trends. ...
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