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Business Environment of Tesco Plc - Assignment Example

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The author explains the major objectives of Tesco Plc. and indicates the order of priority. The author identifies three important external stakeholder groups for the company and discusses why they are important. The author also identifies the market structure in which Tesco operates. …
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Business Environment of Tesco Plc
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Download file to see previous pages The chosen organization for this study is Tesco Plc. Tesco is the biggest retailer in the UK and operates 923 stores, employing around 240,000 people. Over the past five years, Tesco has grown and has expanded into the international markets, with newer products and services, like major non – food business, personal finance and even Internet shopping (Global Sources, 2009). This has helped increase the scale and the internalization of the company. This helps Tesco move towards its long – term goals and provides a path for the aims and objectives of the company to be reached (Tesco, 2009). This is one of the most essential objectives of the company. Tesco aims at providing the shareholders and investors with progressive returns on their investments. This ensures better profitability through better use of investments in efficient stores and also highlights the improvements in productivity and new technology. This has been ranked to be of first priority for Tesco as it ensures better performance to be able to provide higher returns to the investors and shareholders (Tesco, 2009). Providing customers with value for their monies is another very important objective for Tesco. This has been prioritized to be second on the list of objectives as it is the basis of the business and the business model works on ensuring good quality goods to the customers, at the most competitive prices. Tesco is a store which provides for all the classes of the society. As customers form an important aspect of the business, Tesco has ensured it seeks and acts upon all the feedback and opinions of the customers. This objective is very important for Tesco and hence the stores ensure that all the opinions from the customers are considered and used to make the shopping trip easier and enjoyable (Tesco, 2009).  

This is the third important objective of Tesco. Tesco believes in maintaining long term relationships with the suppliers, based mainly on the quality and price criteria. ...Download file to see next pagesRead More
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