StudentShare solutions
Triangle menu

Contemporary Developments in Business and Management in Tesco - Essay Example

Not dowloaded yet

Extract of sample
Contemporary Developments in Business and Management in Tesco

TESCO is one of the leading international retailers in the world. It was started in the mid of 1920s with the trading name TESCO. Since then the company has slowly expanded and marked its presence in different markets and sectors (TESCO) . The growth strategy of the company is a long-term strategy based on four key parts: growth in the Core UK business to expand by growing internationally to be as strong in non-food as in food and to follow customers into new retailing services. Knowing this little information about the company, the environmental analysis of the company is done and presented in the forthcoming paragraphs.
PESTLE analysis is a useful tool for understanding the "big picture" of the environment, in which you are operating, and the opportunities and threats that lie within it. By understanding the environment in which you operate (external to your company or department), you can take advantage of the opportunities and minimize the threats. (RAPIDBI)
Specifically the PEST or PESTLE analysis is a useful tool for understanding risks associated with market growth or decline, and as such the position, potential and direction for a business or organization.
Political Environment: Political forces influence the legislations and government rules and regulations under which the firm operates. Every company faces political constraints in the form of antitrust laws, fair trade decisions, and tax programs, minimum usage legislations, pollution and pricing policies, administrative activities and many other actions, aimed at protecting the consumers and the local environment. In 2001, The Department of Trade and Industry (DTI) introduced a Supermarkets' Code of Practice to regulate trading relationships between the four largest UK supermarkets and their suppliers.
Tesco is a signatory to the Code and has met its obligations for implementing the Code. The company is committed to maintaining strong mutually advantageous relationships with its suppliers.
Economic Environment: Economic factors clearly indicate the nature and direction of the economy in which a firm operates. Every market is unique and consumption patterns change along with the wealth of the consumers in various market segments. For strategic planning all the economic trends at national and international levels have to be considered.
Tesco makes a significant contribution to economic activity in all the places in which it operates. Every week over 400,000 staff serves over 30 million customers in 13 countries. The company has to its credit a track record of providing value for customers, creating jobs and training, providing opportunities for suppliers and regenerating deprived areas. The business relationship of Tesco is with nearly 2,000 own-brand primary suppliers in 98 countries.
Social Environment: The social environment is an important factor as changes in the values, beliefs, attitudes, opinions and lifestyles in society create potential opportunities for an organization. For ...Show more

Summary

This report focuses on discussing and analyzing the external and internal factors that influence a particular organization or an industry sector. The company that has been selected for the study is Tesco Plc., UK, the biggest retailer. The external factors of the company are analyzed based upon the PESTLE analysis along with Porter's Fiver Forces Model…
Author : cschamberger
Contemporary Developments in Business and Management in Tesco essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Contemporary Developments in Business and Management in Tesco"
with a personal 20% discount.
Grab the best paper

Related Essays

TESCO and the JIT Philosophy
In an effort to be competitive and maximize financial performance, TESCO has adopted several supply chain management practices starting in the 1990s. Fundamentally, these practices involved the streamlining of the route by which goods travel from Tesco’s suppliers to its store shelves.
13 pages (3250 words) Essay
Business Operations Management By Tesco
The current paper presents the essential components for effective business operations management; business process management and systems approach; importance of external environment in business operations management. The paper also makes appropriate recommendations on responding to the environmental or technological change.
12 pages (3000 words) Essay
Contemporary Developments in Business and Management Essay
With its global presence, it fosters and disseminates state of the art insurance and financial services directly. This has been achieved through affiliate and subsidiaries world over. Prudential Vietnam's approximations for the show of 2005 that revenues sum positioned at VND 3.243 billion.
15 pages (3750 words) Essay
Contemporary Developments in Business and Management
Competitors are quicker than ever in copying ideas; therefore companies constantly need to think up new value-adding features and benefits to win the attention and attention of these choice-rich and price-prone consumers. The problem does not finish here.
15 pages (3750 words) Essay
Contemporary Developments in Business and Management Bachelor Essay
To many people, how one lavishes on food, is one standard where one stands in the echelon of society. Because most men are closet gluttons and because there is a need to feed the thousands of tourists and travelers, the students and the career men and women who are not allowed by pressure of work or academic undertaking to dish out their own meals and in general, all those who, for whatever circumstances, find themselves away from home, the food service industry has become the essential and primary business organization in our universe.
16 pages (4000 words) Essay
An report for the subject Contemporary Developments in Business and Management
Competitors are quicker than ever in copying ideas; therefore companies constantly need to think up new value-adding features and benefits to win the attention and attention of these choice-rich and price-prone
15 pages (3750 words) Essay
CONTEMPORARY DEVELOPMENTS IN BUSINESS AND MANAGEMENT
To many people, how one lavishes on food, is one standard where one stands in the echelon of society. Because most men are closet gluttons and because there is a need to feed the thousands of tourists and
16 pages (4000 words) Essay
Contemporary Developments in Business and Management
The operating margins in the sector are very low and today the buyer has the bargaining power. The deep discounters like Aldi and Tidl have also cause price war but due to rising incomes and changing lifestyles, forecasts
16 pages (4000 words) Essay
Contemporary Developments
retail café outlets, the organization has integrated the entire vertical supply chain with the parent company, Amalgamated Bean Coffee Trading Company Ltd. (ABC Trading Company). The ABC Trading Company also has coffee bean and powder retail outlets, coffee kiosks, sells
14 pages (3500 words) Essay
Contemporary Developments in Business and Management
The end result of being one of the best in social responsibility is their successful implementation of the Diversity Program. Nike has a sizeable percentage of employees from diverse groups. However, as
14 pages (3500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation