TESCO PLC.

Analysis of Tesco PLC.



Abstract

The company that I have selected for the research report is Tesco PLC (Public, LON: TSCO). The company is engaged in retail and related activities in the United Kingdom, the Republic of Ireland, Hungary, Poland, the Czech Republic, Slovakia, Turkey, Thailand, South Korea, Malaysia, Japan, China, and the United States. The report presents a detailed analysis of the company Tesco PLC. It elaborates the company's mission and the extent to which the company has been successful in achieving it. Moreover, it provides a comprehensive review of Tesco's environmental policy followed by the assessment of company's internal strengths and weaknesses. Moreover, the paper has discussed the performance of the company and a comparison between the chairman's statement and press reviews over the last financial results of Tesco PLC.

Table of Contents

Abstractii

Introduction1

Analysis of the Mission1

Analysis of the Environmental Policies3

Competitor Analysis3

Strengths of Tesco4

Branding and Reputation4

IT Integration5

Relationship with Suppliers5

Direct Marketing6

Weaknesses of Tesco6

Heavy Debts6

Recalling Of Product Due To Low Quality7

Performance of the Company7

Statement of Performance by the Chairman7

Press Reviews8

Conclusion9

References10

Analysis of Tesco PLC.

Introduction

The organizational structure of Tesco came into existence in the year 1919. The successful idea of Jack Cohen gave rise to such a gigantic and huge organization. The group opened its first stores in the suburbs of London, and it was during the 1930s it began to grow, adding a hundred outlets, mainly in the British capital.

Tesco PLC. is engaged in the retailing of general merchandise and grocery. The company also provides retail banking and insurance services through its subsidiary of Tesco Personal Finance PLC (formerly Tesco Personal Finance Group Limited) (FPT). In terms of gauging the company's position according to its revenues and profits, the company is regarded as the third largest retailer globally.

The U.K. Tesco's strategy for managing human resource of the organization revolve around challenging unwritten rules, work simplification, performance management linked to achieving steering-wheel targets and rolling out core skills to all head-office employees. This shows that how the business of the company closely related with performance management.

Analysis of the Mission

Tesco's mission is to create value for consumers to gain their loyalty for the life time. Tesco's success is reliant on the customers and the people, the customers who do the shopping and people who are working with them. Customers are likely to return if they like what Tesco is offering them, and shop again with them. If the team finds what Tesco reward them, team work more hard to help customers. This is line with the company's value which states that no one treats customers and employees the way Tesco treats them.

Tesco is a company based on customers and staff, quality properties around the world and numerous opportunities for growth. It is considered the most valued company in the world, appreciated not only by the customers but also by the communities. The company has been successful in fulfilling the promises made in the mission by anticipating the changes and adapting to the benefit of the customers and staff. The company's vision focuses on customers, employees, growth and innovation ...