Tesco And Society Report 2014

The Scope of Activity - Tesco is an international business, but their first supermarket was not until 1958 in Essex where they only sold

Tesco have been around from 1919 and has continued to grow and to expand ever since and is now a recognised brand nationally around the UK. Tesco was founded by Jack Cohen it originally started out with him behind a stall. The First Tesco store which opened was in 1929 in Burnt Oak in Middlesex. This expanded and became bigger by 1939 which led to over 100 Tesco stores across the country. Around the world there are 6,784 stores and Tesco have more than 500,000 employees all around the world which I am one of. From the 1990s Tesco’s became an international business of more than 3,200 stores. Tesco’s have become global white stores over 12 countries.

Tesco, which is British-based, is an international grocery and general merchandise supermarket chain. Tesco is the 3rd largest global retail store and the largest British retail store based on profits. Tesco was founded in 1919 by Jack Cohen from a market stall in London. Today it is one of the largest retailers in the world. Tesco’s main business is retailing in the UK, which provides 60% of all sales and profits. Tesco has the widest range of food of any other shop in the UK. Its two main food brands are it’s Tesco’s Finest and Everyday Value ranges, both of these products sell over £1 billion products per year. Tesco’s are also really clever about where they position their stores, they usually position the stores on cities or town’s high streets because they know that there will be a large number of people passing the store every day. This way there is a big chance of a lot of people entering the store and buying products because of this they will make more money. If the store isn’t situated in a major city or a busy town centres high street then they will usually position their stores in an area where there are no other big supermarkets in the surrounding area so the local people will have to use Tesco because there is not anything else. Tesco’s “every little helps” policy means that everything the company do is for the customers, employees and communities and this makes a lot of people want to shop at Tesco’s. Tesco also other loyalty cards called “Tesco Club

TESCO faces three different social and environmental issues, which makes it significant for them to implement effective corporate social responsibility strategies. It is analysed from the CSR report of the firm that they are focused towards three big ambitions, which includes improving health, reducing waste of food and creating opportunities. The organisation is focused towards reducing food waste not only in their own operations but also promotes the concept in the value chain that is distribution networks, fields, homes, and farms. To achieve this target, TESCO analysed the areas where waste takes place and designed tailored solutions for tackling this problem. In addition to this, they also focus on developing the strategies through which health can be improved on long-term basis. In order to attain this aspect, the company introduced a project named as The Tesco Eat Happy so that relationship of food and customers can be improved. Moreover, the management also focused on creating opportunities for youth so that friendly and healthy environment can be promoted. These issues were

Tesco is worldwide organisation which is well known in providing services to their customers, the organisation is been operating since the early 1924 providing services to consumers.

Nowadays Tesco is the second largest retailer in the world measured by profits. Also it is the third largest retailer in the world measured by revenues. Also Tesco’s strengths are increasing market share, wide food and non-food choice, insurance, online retailing, and its high quality and low price own-brand products. Tesco is a Public Limited Company. This business is owned by more than one or a group of people - shareholders. Shareholders are usually a group of people or an organization that owns shares in a business. Also Tesco owns around 6,351 stores worldwide in 14 countries.

Tesco is one of the leading food retailers within the UK retail industry and is one of the largest food retailers in the world with its headquarters based in Chechens United Kingdom In 1919 Jack Cohen the founder of Tesco started selling groceries from his market stall in the East End of London. In 1929 the first Tesco store was opened by Mr Cohen in North London. The business has continued to grow and Tesco now operate in 12 different counties, employ more than 500,000 staff and cater for over 75 million shopping trips every week (http://www.tescoplc.com).

Another aim is they try to improving health, they help customer to live a healthier lifestyle for example Tesco, reduce sugar in soft drinks, and they take 3.6 billion calories out from the soft drinks just to decrease the rate of obesity around the world. Further, they always focus to reduce their impact on environment contain claim, forests, marina environment, farmlands, freshwater environment. Additionally, Tesco PLC creating opportunities for young people and courage they to work and learn new experience and develop their skills by creating Young People's Panels in Europe and UK to support the new young generation to how they can find a work and they provide targeted support and

Sainsbury’s strategy follows with their quote ‘We will make our customers’ lives easier. Great quality. Great prices. Whenever and wherever’ or following with their motto ‘Live well for less’, setting goals to possibly retain consumers by making lives easier everyday by putting out fair prices and quality services to all. To pursue their goals Sainsbury’s have their stores in key locations that are growing significantly in both convenience and discount stores. J Sainsbury’s plc (2015) Strategic Report is divided in two sections; the non-financial KPIs such as: product quality, Like-for-Like Transactions, Price perception, Sales growth, Service growth by Area/Channel, Availability and Customer Service that focuses on social responsibility as Fredrick (1960) and Friedman (1970) agrees in taking opportunities to fulfil the needs of stakeholders be it efficiency, that too ensuring the management board follows governance, codes and compliance to minimise risks which enhances the socio-economic welfare as well as increasing strategies on financial KPIs following; Underlying Profit before Tax, Basic Earnings per Share, Cost Savings, Operating Cash-flow and Dividend per Share, hence keeping the balance sheets strong. Correspondingly, measuring profitability becomes important for shareholders, creditors, suppliers and investors: the question is whether there is a correlation between increased social responsibilities in increasing profits. In this essay, the KPIs that relate to social

Tesco plc is a global grocery and general merchandising retailer headquartered in Cheshunt, United Kingdom. Tesco is the fourth-largest retailer in the world measured by revenues, after Wal-Mart, Carrefour and Metro. The second-largest measured by profits after Wal-Mart. It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia and Thailand.

To achieve high productivity, the environmental and social challenges affecting the communities has to be tackled, thereby improving service delivery to Tesco’s customers as well as its employees (Tesco, 2016).

Tesco is a retail industry and it was created in 1919 by Jack Cohen from a market stall at LONDON’S East End. Over the years our business has increased and we now operate in 12 countries around the world, employ over 530,000 people and serve tens of millions of customers every week. We always provided the best shopping experience for every customer. Now, we still continue to provide the right thing and good service for the customers, colleagues and every community that we serve.

Tesco online now operates in over 270 stores around the country, covering 96% of the UK. With over a million households nationwide having used the company’s online services, the company has a strong platform to further develop this revenue stream.

Tesco PLC is one of world’s biggest retailers, and it is primarily based in the UK and has branched to over 14 countries around the world. They prioriKze their grocery chains, but have ventured out and decided to expand their business by offering consumers a wide variety of different products. Tesco was doing great, their market share skyrocketed and they were dominaKng other leading supermarkets, but it wasn’t all good for Tesco, in 2013 they experienced a big drop in profits and had to basically exit the US market. Also, their plans of expansion overseas was a flop, they placed too much money, thinking that it will be a success, but they ended up having to retrench most of their chains and other stores. Based on the case their problems are mainly caused by change in consumer habits, and because of that change, Tesco lost a lot of their money

Another perspective which was being concern and value by Tesco is the community perspective. Tesco’s success comes from behaving responsibly and earning the trust of customers, suppliers and stakeholders. This built the community which lead to the development of the community perspective in its Corporate Steering Wheel. Tesco integrate these principles of community perspective into the day to day management of their business. It actively supports local communities, caring for the environment, giving customers a healthy choice and others. It is important for Tesco to be a good neighbour in area where it is operate since Tesco store are often in the heart of the communities.