The development of Tesco - Essay Example

Only on StudentShare

Extract of sample
The development of Tesco

Table 1 shows the historical timeline of Tesco. The first column shows the year when the events happened. The second column gives more details by revealing the developments which occurred in the business organization.
The development of Tesco can be divided into three distinct phases: formation; postwar development; and expansion. The first phase starts with the foundation of the company in 1919 and ends with formal opening of the first Tesco store in Burnt Oak, Edgware, London. Postwar development commences with the retailer's initial public offering (IPO). Rapid growth was witnessed as Tesco opens its first supermarket and superstore. The last phase features the rapid expansion of Tesco PLC both in new product areas and geographic region. Throughout this stage, the company utilized the new trends in global retailing to enhance its products and services.
As with any other business organization, the retailer is also exposed to the risks and challenges present in the current global business arena. It is irrefutable that environmental factors are pivotal in shaping the landscape where each organization operates. As Kotler puts it, organizations are now operating in a hypercompetitive business environment where there is a more intense rivalry among industry players and higher buyers' leverage. ...
Download paper


Tesco PLC is the largest British retailer based on both global and local shares. Traditionally, the UK-based international retailer specializes only in the distribution of food products but it currently adds other goods and services to its product portfolio which ranges from clothing to consumer electronics to consumer financial services to internet services to internet service and consumer telecom…
Author : seamus49

Related Essays

CRM (Tesco)
28 pages (7028 words) Statistics Project
Tesco Analysis
11 pages (2761 words) Essay
Strategic Direction of Tesco
15 pages (3765 words) Case Study
Tesco Plc
9 pages (2259 words) Essay
Tesco PLC Strategies
10 pages (2510 words) Case Study
Analyze the HR system in Tesco in the following area training, development ,planning , recruitment and selection.(in the UK)
2 pages (502 words) Essay
Impact of training and development on employee job performance in Tesco.
5 pages (1255 words) Literature review
Got a tricky question? Receive an answer from students like you! Try us!