Essay on Voluntary Code of Practice

WAITROSE Ltd was found in 1904 by Wallace Wyndham Waite, Arthur Rose and David Taylor when they opened their shop in Acton (Andidas, 2003). In 1937, it was acquired by the John Lewis Partnership and its Self Service was introduced in 1951. From a small business selling grocery products, it has been built up to a network of over 300 shops known for its own historical and the quality of products. The majority of their customers are those who have stable incomes and above due to their uncompetitive price. Their key aims and objectives are to archive improvement in services and gain more profits by open new store and expand their business into the North-West. In addition, Waitrose also wants to archive more targets in the next period of time such as to motivate their staff to provide better services, which can increase levels of customer service, and develop their organic range as well as their relationships with local community In this project. In this essay, the dominant stakeholders and their main interest will be identified as well as the discussion of Waitrose 's detailed analysis.

The UK supermarket industry is a very competitive and profitable industry. It is made up of four main players with significant share of the market, and then various smaller companies who focus on smaller niches in the market such as the bottom of the market discounters and the top of the line speciality stores. It is an interesting market and this report evaluates the attractiveness of the industry using Porter’s five forces model with an insight into how market nicher Waitrose sustains a competitive advantage. Next this report looks at how major player Sainsbury’s successfully competes against its rivals using differentiation strategies, and analyses current consumer trends and problems can effect this industry.

WAITROSE Ltd is currently the number seventh biggest grocery retailer in the UK with 5.2% share of the market. It was found in 1904 by Wallace Wyndham Waite, Arthur Rose and David Taylor when they opened their shop in Acton. In 1937, it was acquired by the John Lewis Partnership and it 's Self Service was introduced in 1951. From a small business selling grocery products, it has been built up to a network of over 300 shops know for its own historical and the quality of products. The majority of their customers are those who have stable incomes and above due to their uncompetitive price.Their key aims and objectives are to archive improvement in services and gain more profits by open new store and expand their business into the North-West. In addition, Waitrose also want to archive more targets in the next period of time such as to motivate their staff to provide better services, which can increase levels of customer service, and develop their organic range as well as their relationships with local community In this project. In this essay, the dominant stakeholders and their main interest will be identified as well as the discussion of Waitrose 's detailed analysis.

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.

A code of ethos serves three main functions to communicate the ideals of a profession, it is a guide for professional conduct, and provides standards for the profession.

The chapter laws for educators in state of Iowa lay out the legal and ethical boundaries and criteria for obtaining and maintaining an education license in the state. Specifying, the Iowa Administrative Code: Chapter 25 lays out the standards specified for educators, in the state of Iowa, referring to the legal aspects of the chapter laws for the state. Dictating that the conviction of crimes before or after the beginning of July 2002, including, but not limited to, the abuse of illegal and legal substances or people, fraud, violations of ethical and professional duties as a public figure is the primary purpose of this specific chapter law.1 Violations of some of these standards can result in the immediate revocation of an educational license, and it can prevent a potential licensee from obtaining a license.

Several key terms were mentioned in Tesco’s case. Definitions are provided below to clarify the main issue addressed in this consultancy report.

Both in the UK and internationally there exists a code of conduct within which police forces are expected to comply while operating in their line of duty. These codes of practice have been introduced in both international law and domestic law to ensure that the decisions and actions taken by the police are accountable to the public. This paper will analyse and evaluate the balance between police powers and how accountable they are for the actions they take, the decisions that they make and how these actions and decisions can be challenged by the public. The police are charged with the task of upholding the law within society and as a result the police have greater powers than those of ordinary citizens and a significantly greater access

The suppliers are an influential stakeholder for any supermarket chain. With Waitrose they get a vast amount of their supplies from organic farms and other Fairtrade suppliers. Furthermore they get a small amount of their produce from the small amount of farms which they own, one example is Leckford Farm. At this particular farm they would be able to supply a small amount of produce to a local Waitrose store in the surrounding area. The suppliers are an important stakeholder to any supermarket because if the supplier delivers stock for the supermarket late then Waitrose would not be able to continue with selling that particular item until the stock is delivered, furthermore if this item is bought regularly by customers then there would be a lot of complaints unless there would be stock reserved in case an issue such as this would occur.

Founded in Bradford over a century ago, Morrisons Supermarkets have grown from a small shop to being the fourth biggest food retailer with stores across the UK following the acquisition of Safeway in 2006. Having achieved a market share of approximately 12%, the company’s main UK-listed competitors include Sainsbury’s, ASDA and Tesco, the latter leading the industry by far with a remarkable market share close to 30%. In this light, Tesco and Sainsbury will be the two companies of choice for analysis and comparison throughout this report, as well

Find the mean, median, SD & IQR for the data in (1) after it has been transformed

The UK supermarket industry resembles an oligopolistic industry, with several characteristics. Oligopolistic markets tend to be characterised by high concentration ratios, barriers to entry and…Since the turn of the century, the industry has been scrutinised by both the Office of Fair Trading and has been referred to the Competition Commission on two occasions. (Seely, 2012)

There are 92,796 grocery stores in the UK and the market value increase by 19.5% in the last 5 years and according to IGD forecast the UK grocery market should reach £203bn by 2019. But what we can see in the figure 1 that from 2009 to 2014 annual grow in the grocery market start decreasing from 4.9% in 2009 to 2.8% in 2014. One of the reason for this is difficult economic conditions which had an effect for consumer spending. Consumers choose to spend less money on food by buying less food or by looking for cheaper places. Retail market is diversified into three main sectors: Hypermarket and superstores which accounts for 42.3% of retail market, convenience stores 21.4% and small supermarkets 20.3% (Figure 3). So about 84% of sales are done in these three sectors. The biggest 4 retail chains in UK are: Tesco which takes 28.7% market share, Asda has 17.3%, Sainsbury’s 16.6% and Morrison’s 11%. (Figure 2) So, if we will sum up 4 biggest retail market chains we will have about ¾ of market share. Finally, a strong characteristic of this sector is competition with price wars and a

With an aim to reduce purchasing cost, pressure put on suppliers by Woolworths has driven down the cost. Woolworth is really good at controlling purchasing cost by using the “supplier beating up game”. Even though some particular suppliers have strong brands, they could not avoid the situation that if they do not offer Woolworths with price concessions, there will be a reduction in orders demand and a rise in orders demand to their competitors which leads to changing market-share balance. Purchasing cost is the largest cost category of goods for sale, by reducing it, Woolworths acquires strong potential savings which distributes to company profit and customers through price reductions.

‘Outline’ – to define the nature of supermarkets and summarise the power they have over consumer society.