ipl-logo

The Main Objectives And Objectives Of Tesco

700 Words3 Pages

Tesco is a worldwide grocery and universal merchandise retailer headquartered in Welwyn Garden City, Hertfordshire, England, and United Kingdom. It is the world’s third largest retailer measured by profits and fifth-largest retailer in the world measured by revenues. Beside it, Tesco is one of the largest retailers in the develop the shopping experience for its customers. It is the grocery market leader in the UK where it has a market share of around 28.4%. Tesco has stores in 12 countries across Asia and Europe such as Ireland, Hungary, France, Malaysia, Japan and Thailand.

Tesco as a group of market stalls in customer loyalty and its core UK business was founded in 1919 by Jack Cohen when he began to sell war-surplus groceries at Well Street Market, Hackney, in the East End of London. The Tesco name first appeared in 1924, after Jack Cohen purchased a shipment of tea from T. E. …show more content…

Firstly, they aim to become leading retail supermarket in the worldwide industry. To meet this achievement of objective, Tesco has planned a few strategies which are increasing their profit by maximising sales. In addition, Tesco aim to fulfil their social responsibility by reducing the unemployment in local areas where Tesco Stores are built to provide jobs to their local community. Next, the third objective of Tesco is to provide good quality services and introduce more healthy eating products into the wide range of groceries. Tesco tend to offer a lower price of their goods compared to their competitor in order to attract more customers. Lastly, Tesco aim to develop a large internet shopping site to provide groceries, electronics and clothing goods as well as number of their services online which may attract more customers. Tesco Stores are operating a home shopping service through their official website since 1994 and it was the only food retailer in the world to offer a robust home shopping service as of November

Show More
Related

  • Target Corporation Mission Statement

    198 Words  | 1 Pages

    Target A New Yorker in 1881, George D. Dayton decides to test out the market, and after multiple years in banking and also in real estate, George D. Dayton comes to a conclusion that Minneapolis offers one of the greatest opportunities of growth at its time. He then purchased multiple lands such as Nicollet Avenue and forms the Dayton, and also Dry Goods Company which today is not called Dry Goods Company, it is now referred as Target Corporation. George D. Dayton had personal had special beliefs that separated him from others, his belief of “the higher ground of stewardship”, represented great personal beliefs. His store became really dependable merchandise that also provided fair business and a great sincere spirit of providing.

    Read More

  • Porter's Five Forces Of Tesco

    1680 Words  | 7 Pages

    Tesco is amongst the largest food retailers in the United Kingdom (U.K) with over 3,400 stores and staff amounting up to 310,000. Tesco operates predominately in Europe and America with their headquarters located in the U.K. Tesco has the greatest market share in the U.K dominating approximately 28% of the overall market at the end of 2017. However, there is a constant battle in the highly competitive U.K supermarket industry with the four major players being Tesco, Sainsbury, ASDA and Morrisons. In recent years, Tesco has had to change their business model as well as their services to stay a market leader and differ-entiate from the competition. To find the main sources of competitive advantage that Tesco has over its competitors an analysis of the structure of the industry should be under-taken (Porter, 1980).

    Read More

  • Regression Analysis Of Tesco

    1025 Words  | 5 Pages

    contribute to its gag rule. Tesco is also exposed to the non-food division of its business in which they are recorded losses and their competitive advantage is not sustainable any longer because the likes of the Aldi, Lidl and the one pound store spring up in the grocery stores in the UK. Hill and Knowlton (2006) described a study of the use of corporate reputation in the determination of financial analysts when assessing a firm’s operation. After inflating accounts by over £260 million, and wiping more than £2.5 billion off its market value, Tesco has severely damaged its brand, eroded consumer trust and shareholder confidence. To append to its woes, the Serious Fraud Office has set up an investigation into the company’s over stated profits.

    Read More

  • Publix Executive Summary

    191 Words  | 1 Pages

    Purpose To be an innovative grocery store by providing friendly service, clean stores, quality merchandise, and speedy check-out lanes throughout our locations. Vision To provide excellent customer service that exceeds expectations while building long-term relationships with customers.

    Read More

  • Tesco: Unit 1: The Business Environment

    805 Words  | 4 Pages

    ' The main aim for the firm is to stay as the UK 's leading supermarket and provide good quality services and products at a low cost so that they are cheaper than their competitors. Their objectives are to maximise sales which will increase their profits. They want to decrease their prices to make shopping cheaper for the average household. They want to introduce healthier products which will attract more customers and they want to help reduce food waste worldwide and guaranteeing surplus food goes to those in need. Brockenhurst college has many community values *********** Tesco is a public limited company (PLC) which means the public can buy shares in the firm.

    Read More

  • Advantages And Disadvantages Of Tesco

    780 Words  | 4 Pages

    This shows that Tesco has branches in over 14 countries and at least two continents, this would vastly increase the revenue made and therefore profit made, however this could also increase the

    Read More

  • Tesco Culture Analysis

    1509 Words  | 7 Pages

    2. Overview of Tesco Tesco

    Read More

  • Tesco: The Importance Of Information And Knowledge In Business

    1955 Words  | 8 Pages

    Without having a good communication, proper information and effective knowledge company can not get the successes in the market. But the Tesco is the big company in the market. They have already had get the successes in the market so they have to maintain that successes and they are making the higher goals that have to be achieved. Tesco also needed a good communication, effective information and effective knowledge.

    Read More

  • Executive Summary Of Tesco Malaysia

    1703 Words  | 7 Pages

    There are 2 types of store categories in Tesco Malaysia; i) Tesco Hypermarkets - The hypermarket format offers customers a complete one stop shopping experience for their needs. It carries more than 60,000 lines of products including nearly 3,000 of its own brand of products ranging from food to non-food items. ii) Tesco Extra Hypermarkets -

    Read More

  • Performance Management System: Tesco

    1831 Words  | 8 Pages

    Tesco has built a lot on the strength that has developed as a market leader in the UK supermarket sector. Tesco makes sure their business all over

    Read More

  • Tesco Strategic Report

    1399 Words  | 6 Pages

    According to Tesco’s strategic report, the total sales for the year was 69.7bn and profit was 1.4 bn and Tesco Plc.’s net debt was (8.5 bn), these information will be helpful to some of Tesco’s primary stakeholders like the owners and the investors; as owners, they would want to know the position of the company and also will help them determine any future course of action and Investors want to make sure they can earn a reasonable return on their investment before they commit any financial resources to the company. Tesco plc. ’s strategic report also showed the number of employees and the number of shops around the world, which was 517802 and 7812 respectively. Tesco used 6 simple performance indicators instead of the steering wheel method, which they thought was too complex.

    Read More

  • Swot Analysis Of Morrison

    1858 Words  | 8 Pages

    Executive Summary This report analyses Morrisons’ strategic developments since the beginning of 2000s till present time. Some key strategic directions are emphasized taking into account the impact on the business. Morrisons’ acquisition of Safeway, launch of e-commerce and vertical integration model of supply chain are discussed in detail. In addition, the grocers’ competitive advantage is identified as opposed to its big rivals, namely Asda, Tesco, and Sainsbury’s.

    Read More

  • Tesco Accounting Report

    1656 Words  | 7 Pages

    Introduction The main objective of the paper is to develop a report for a shareholder that will interpret financial statements of Tesco Plc. for 2013-2014. The shareholder is specifically concerned about the fraudulent reporting. In this way, the paper will explain the reason of income statement and statement of financial position.

    Read More

  • Coles And Woolworths Case Study

    2243 Words  | 9 Pages

    Managing Supply Chain Management: Coles/Woolworths vs. Suppliers Introduction Coles and Woolworths are too leading supermarket giants in Australia. In the world Coles and Woolworths ranked 19th and 15th among the selling retailers (Knox, 2014). Coles has started first supermarket in 1960 and till 1973 company achieved its primary aim of having supermarket in every Australian city. Cole’s service has more than 18 million transactions each week. Woolworths started fresh food stores around 80 years back in 1924 at Sydney Australia (Kahwaji, 2014).

    Read More

  • Tesco Malaysia Case Study

    2066 Words  | 9 Pages

    In year 2003, Tesco launched Tesco own brand, Tesco Value. In 2004, Tesco Malaysia launched its own house brand, Tesco choice. In December 2006, Tesco also acquired Makro Cash & Carry in Malaysia, a local wholesaler which was rebranded to Tesco Extra and provides products for small local retailers. In 2007, Tesco launched customer loyalty card, ‘ClubCard’.

    Read More

More about The Main Objectives And Objectives Of Tesco

Open Document