Tesco

Tesco is an international or global business. Tesco is very successful as it is a global business. Tesco sells food as their main product but they have recently invested their money and started selling clothes as well as electronics. Tesco will use the different types of capital to help them with methods which affect them in either being successful or unsuccessful. Tesco would rely on Human, Social, Financial and Physical capital as it helps to ensure their business runs efficiently on a day to day

Introduction In this task I will be describing the different stakeholders of my chosen two organisations which are Tesco and the BHF. I will also talking to you about the way that they influence the purpose the purpose of Tesco and BHF. I will be explaining the viewpoints that different stakeholders in seeking to influence the strategic aims and objectives of the two organisation. Stakeholders Stakeholders are a group of people or an individual who have great interest in the activities and affairs

ACC1021 Assignment One Introduction In this task I have chosen an organisation of my interest (Tesco) and I am going to provide the following details; • A theoretical definition of an organisation (later applied to Tesco) • Classification of Tesco • Main functions of Tesco • The three levels of decision making • Stakeholders of the business • A SWOT and PEST analysis of Tesco • Recommendations A Theoretical Definition of an Organisation By definition an organisation is an organised group of people

the sales. Workers want to work to earn high wages and keep their jobs. Employees are an important part of Tesco as they are the company backbone, it is important that Tesco employees are kept happy and highly motivated within work to provide the customers the best possible customer service. • Managers- The managers take care of the employees. Managers are concerned about their salary. Tesco have managers to keep employees in order and make sure they know their specific job duties. External Stakeholders:

of information used in Tesco. A I will start by defining information. Information is defined as the knowledge of specific events or situations that have been gathered or received by communication, intelligence or news. The first type of information I will talk about is verbal. Verbal communication is part of the day to day activities of Tesco. VERBAL: verbal communication entails the face to face expression of views and ideas or sometimes across the telephone. In Tesco verbal information is

business. These are the people (individuals and groups) who have an interest in and influence on the business and the way it operates. Customers Interests and expectations of Tesco Customers want to have a good shopping trip experience when they visit Tesco. They also want to operate fairly and honestly within Tesco stores. Tesco aims to provide a good choice of products, including sustainable, healthy and affordable options. Customers want to be welcomed into Tesco’s and they want the best quality

rivals of Tesco and the superstore sector including, Sainsbury’s, ASDA, and Morrison’s and they apply multiple tactics independently to attracting the customers. The strategy of Sainsbury’s for its customers is on delivering an effective service quality, whereas ASDA is engaged in procuring value for its customers and these competitive attempts employed by the Tesco’s rivals are creating the issue of managing price and quality of its commodities (Which, 2012). Moreover, the customers of Tesco independently

profit keep increase in the next year. Tesco: (Please refer to appendix 1 for calculations) From the table of Tesco’s Sales and profit changes in the past five years, we can see that it’s doing worse. Even its sales revenue is not change much, but the changes of profit are horrible, and according to it’s income statement, we found that the reason of it change so much is because the cost of sales are to high, even more than sales revenue, therefore Tesco may need to find a new supplier and try to

success or failure of Tesco. The legislations set in place by the government is the law and must be followed otherwise Tesco could fall under many legal problems resulting in the closure of the organisation. The many various acts are there to not only prevent Tesco from performing illegal acts but also to protect them as well, as this ensures that they are not falsely accused and protects Tesco from any other individuals or organisations who have violated any legal areas against Tesco. The

Task3: Rewarding employees in order to motivate and retain them: 3.1. Assess the link between motivational theory and reward- provide example from Tesco Motivational theory and reward are linked highly with each other and the failure of one of these effects on the other .Therefore, human resource management at Tesco understand very much and aware about this. Motivation is what drives people or business to succeed in and reach desired points; business without motivated people is liable to fail and