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)
This dissertation basically aimed to achieve an understanding of whether the concepts of customer relationship management which are so effective in industries like banking, airlines etc can also be as useful as they are for the said industries. This research therefore focused on the broad categorization of whether CRM has the power to create customer loyalty and if yes can the same concept be imitated for the retail industry....
28 pages (7028 words) Statistics Project
Tesco Analysis
At first an extensive background of the company is given, providing the data on the past of the corporation. Tesco walked through a considerable number of obstacles on its path with a single principle: price is the most considerable factor in retailing. While using 'pile it high, sell it cheap' strategy the firm has made its name on the three main notions: perfect use of online retailing, perfect meeting of customers' demands, and perfect pricing policy. More detail to these factors is given in the next part of the report. After that the report dwells on the market environment surrounding...
11 pages (2761 words) Essay
Strategic Direction of Tesco
We have a track record of providing value for customers, creating jobs and training, providing opportunities for suppliers and regenerating deprived areas....
15 pages (3765 words) Case Study
Tesco Plc
. Tesco plc is largest retailer in the UK and one of the largest retail firms in the world. The company operates four store formats :Tesco Express, Tesco Metro, Tesco Extra and Tesco Superstores.Tesco Express store are combinations of convenience and gasoline retailers. Tesco Metro locations are small urban stores designed to meet the needs of the local community. Tesco Extra stores are hypermarkets located in Asia. Tesco Superstores provide traditional grocery items as well as insurance, banking, telecommunications products, books, flowers, movie rentals and school uniforms. The firm has...
9 pages (2259 words) Essay
Tesco PLC Strategies
Having said this, the purpose of this paper is to first of all analyse the strategy adopted by Tesco in relation to product transportability", transferability of competitive advantage","Inter-firm transferability of resources", and the need to adapt to local market conditions in the following overseas markets (USA, Thailand, Malaysia, Japan and China)....
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)
One of them is HRP or Human Resource Planning. This area comprises of all activities which are related to planning about the human resources and include activities such as requirement for selection, selection procedure, initial orientation programs upon recruitment and defining roles and responsibilities (Garrick 1999). Another area is HR Training and Development. This includes all activities where the employees are given trainings of different types to help them perform better in their jobs and improved on their productivity (Keep 1989). We shall also study the human resource practices from a...
2 pages (502 words) Essay
Impact of training and development on employee job performance in Tesco.
The project presents the supporting as well as the opposing views on this subject by using relevant literature....
5 pages (1255 words) Literature review
Got a tricky question? Receive an answer from students like you! Try us!