Part One: Identify the three most important CSR issues that the company faces and explain why each is relevant for the firm. In order to identify these issues, you should read not only corporate reports and the company’s website, but also media reports and any research papers that offer commentary on both the company’s activities and its significant social and environmental impacts. Part Two: Critically evaluate the nature and degree of the company’s responsibilities in relation to each issue. To do so, arguments should explicitly draw upon the theories outlined in class – e.g. the various ethical theories, institutional and stakeholder theories. For each issue, you may draw upon a variety of theories – i.e. present a …show more content…
This accumulation of undeveloped sites if developed, “could raise Tesco's market share from around 30% at the moment to a competition-stifling 45%.” (Anon 2007) The 1000+ Tesco Expresses and numerous suburban Superstores popping up throughout the nation not only drive up land prices for local retailers and create ghost towns but also give a degree of monopolistic power. An economic NEF report reveals that over the past twenty years local shops including butchers and greengrocers “have been going out of business in the UK at the rate of 50 a week” suggesting that Tesco Express stores have help to cause a drop in business of 30-40% from independent retailers (Oram et al 2003). This has resulted in many planning objections from local residents forcing Tesco to become involved in costly public enquiries and planning appeals. With many taking a sinister view of these land banks, future growth in the UK may well be stifled highlighting the relevance for Tesco in appeasing locals and governments especially in light of past Competition Commission investigations. 2._________________________________ i) Honest disclosure of source and quality of food Tesco accepts fault for this issue in that they were negligent in choosing suppliers (Tesco 2013) and by offering public apologies online and in the media, suggests recognition of their responsibility to society. Tesco have an enormous level of selling power with consumers having little or no say in food
The scale of Business that Tesco would be is international as they are in a small amount of other countries other than Great Britain. On the other hand Dartford Borough Council is local because it only supply’s/helps one area in which it is found in.
The objective of this report is to analyse the UK supermarkets industry for John Lewis in order to seek their competitive advantage in the market. This report is to be presented to the Board of Directors of John Lewis Partnership.
In this section of the report I will be evaluating how future changes in political, legal and social factors, may impact the strategy of a specified organisation. The organisation I will be focusing on is Tesco's.
Tesco operates in 14 different countries. Therefore its performance may be influenced by the local legislation and political factors. There are
As a business Tesco needs to be aware of the social markets around them as and when they arise. For instance in August leading up to the new school year in September they will have school uniforms, stationary and other school equipment in stock. If they didn’t then parents may choose to do other shopping such as groceries in competitors stores who do provide such merchandise or who are closer to specialist retailers to save on multiple trips. This could impact on the businesses profits, especially if the store was in an area which had a high, school age population.
Tesco also have social factors that affect them, as the business have charity centre in helping the less privilege people and the more these people gets poor, the more they will have to stretch to help out which also spending money.
Driven by consumer demand for lower prices and convenience, supermarkets maintain an increasingly dominant retail position in the UK by using their buying power to coerce suppliers to sell cheaply. A significant majority of suppliers supply their goods to the four big supermarkets, who occupy 75% of the UK grocery market. Anti-supermarket campaigners, such as Tescopoly and Farmers for Action Press report that supermarkets abuse their buying power to squeeze suppliers’ prices to the bare minimum (farming today, 2010). This has caused increasing hardship in the market – for example “Many dairy farmers have left the industry...” and of those left “blame their low prices on the way that four large supermarkets dominate the grocery market”, even taking the hit when the supermarkets engage in price wars (Parliament, 2010). Conversely, supermarkets provide a significant and stable market for the suppliers.
Supermarkets also claim that their economic leverage enables them to benefit local communities by building stores and providing social and economic regeneration packages. One such example is Linwood, on the outskirts of Glasgow (Allen, 2009). The closure of a main employer left the centre of Linwood economically scarred. A proposal to build a new Tesco supermarket in the area and attract other special retailers to the ailing Town Centre was met with enthusiasm by local residents. Supporters of supermarkets advocate that everyone within the supply chain (customers, communities and suppliers) benefit from supermarkets, a concept Dennis Wrong terms the “positive sum game” (Allen, 2009).
tesco can take advantage of its successful international expansion. tesco is in a position to share their know-how and also is able to apply technologies and know-how which will create a competitive edge over its rivals and also step its learning curve.
These may be as a result of Tesco's troubles from accounting scandal that has obligated changes in its top management, a sinking share price, decreasing sales and loss of consumer confidence as consumers turn to discount rivals such as Lidl and Aldi. Nevertheless, Tesco has put in place a road map to address the key issues by rebuilding trust with shareholders and stakeholders, as well as to win consumers’ confidence in Tesco’s brand.
For that, we chose Tesco a very well established multinational company. Our goal is to expand Tesco’s operations in Greece.
Profits for Tesco’s operations in Europe, Asia and Ireland increased by 78% during the last fiscal year. The company has a strong brand image, and is associated with good quality, trustworthy goods that represent excellent value. Tesco’s innovative ways of improving the customer shopping experience, as well as its efforts to branch out into finance and insurance have also capitalized on this.
Tesco Plc is a Public Limited Company who securities and shares are included in the stock exchange and list of different countries. In UK, companies like Tesco Plc are registered under the companies Act 1980 and its shared are offered to public in regards of limited liability. In addition, Tesco is associated with retail sector that carries out a majority business of the company and contribute their share in country’s economy to a huge scale. Apart from the retail sector, Tesco Plc faced tough competition all over the world from companies like Wal-Mart, Asda, Sainsbury, and others. Although, Tesco is not in dominating position in the current retail market in the UK, but the company is one of the biggest retail companies working in the UK, North America, Asia, Europe and other. The company
I feel they destroy hundreds of small communities by overpowering and siphoning the money away from the locals with promises of more jobs etc. However, that is an entirely obscure postulate from Tesco in my opinion. On the contrary I think they rob the locals of jobs, by overpowering the small grocery- and retail stores, and destroying the character of beautiful small British communities. And it is happening every day, right before our eyes, not just in Britain but also abroad - Tesco is taking over. Furthermore, people have a tendency to tug the problems under the carpet, and be wrapped up in their own life’s.
The purpose of this essay is to research the notion of CSR and uncover its true framework and outline what social responsibility truly means to corporate organisations, and whether it should be seriously considered to be a legitimate addition to the corporate framework of an organisation.