TRAINING AND DEVELOPMENT

Training and Development

Training and Development

Introduction

Training and development is one of the most important factors which every organization needs to focus in order to sustain and growth in the present day competitive business environment (Noe, 2012). Skilled employ in the era of intense competition is considered the competitive advantage of any company. In this context, a training program for Tesco Plc will be devised in accordance with the requirement of the industry and the organization.

Tesco Plc Overview

Tesco Plc, the third largest retail organization of the world (in reference of revenues) is of British origin founded in the year of 1919 by Jack Cohen. The company headquartered in Cheshunt, Hertfordshire, England, UK; and is second largest retailer of the world in terms of profits. This public limited company presently has operation in more than 14 countries and the company has obtained the leading position in four countries including Malaysia, Republic of Ireland, Thailand and United Kingdom. The company presently employs around 519,671 employees and has earned revenues in the year of 2012 over £64 billion. The market capitalization of Tesco is estimate around £24.4 billion, and is the 15th largest organization listed in LSE or London Stock Exchange. Tesco Plc is one of the leading retail organizations of the world, offering wide-range of products and services under its different format of stores (Tesco, 2013).

Mission Statement of Tesco Plc

The mission statement of Tesco Plc focuses on the creation of values for the customers in order to acquire their lifetime loyalty. This mission statement of Tesco is basically founded on the fact that success in retail business completely rely on the people, and thus Tesco focuses on creation of value for the customers (Sinha & Sinha, 2009). The company strives to achieve this objective by asking their customers for suggestions and ...