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Tesco International Business Strategy - Essay Example

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The following paper, Tesco International Business Strategy,  will discuss the corporate and business strategy of one of the world’s largest retailers- Tesco; it will conduct an analysis of different external and internal factors that contribute and influence the performance of the company…
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Tesco International Business Strategy
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Download file to see previous pages From this discussion it is clear that the company operates in thirteen countries, however its main operations are located in the UK, where there are large format of hypermarkets. Being the leader in retail business is not a simple task, because the company should always think over improvement of its strategy over such strong rivals as Sainsbury PLC, the UK chain of supermarkets, Asda Stores Ltd, a British-based supermarket chain which retails food, clothing and financial services and the chain of supermarkets Morrisons’.
This paper outlines that Tesco has a vast structure for corporate governance, which complies with the UK corporate governance code. The effective board is considered the basis for good governance in any corporation. In Tesco, there are four committees that assist the work for the board of directors and provide them with the support that is directed towards Tesco’s stakeholders. The sub-committees are chaired by the CEO with the main target to monitor each aspect of the business and arrange discussions of issues with the executives. The corporate governance section of Tesco’s annual report and financial statements contains a brief outline of the planning and control structure used across the company. It has a five year rolling plan with the categories of planned revenue and capital expenditure. Such data is used for forming the basis for the creation of similar plans for each of the separate group businesses. ...Download file to see next pagesRead More
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