Tesco Case Study

Tesco PLC is a famous multinational grocery company with its headquarter in England, UK. It is named to be one of the leading and largest retailer companies of the world and after WalMart, Tesco PLC is a most reliable retailer grocery manufacture of UK. In almost all the big and small countries of the world, the outlets of Tesco PLC operate and present the company products to the customers. It is believed that the grocery items of Tesco are exported to over 200 countries of the world. This gives us an estimate and reflection of the highest success graph of Tesco. Alone in USA, Thailand, Ireland, Malaysia, China and other such countries more than 5000 outlets of Tesco are operating and showcasing its branded products and items.

The credit for laying the foundation of Tesco goes to Mr. Jack Cohen who is the actual founder of the company. He laid down the foundation of Tesco in 1920 and operated as the market retailer on private basis. Soon his company name started getting success and the graph of its products’ popularity touched the skies. In collaboration with a small purchaser, Jack opened the company’s first store in 1928 in Middlesex. The business started growing more and more and in a couple of years, it succeeded in becoming the multinational grocery manufacturing company.

Outcome 1.0: Understand the Nature and Importance of Operations Management

1.1. Importance of operations management with examples:

Tesco PLC is doubtlessly one of the biggest market retailers in the world. Its operation management is well versed and fully graphed. The company urges on the quality of the products and grocery items. It knows well how to capitalize its operational market and increase the repute and value for itself. Definitely it won’t be wrong...

... middle of paper ...

...o make sure that it can explore the best marketing practices which can be implemented in making the company earn better revenues. The customers should be given the chance to track their orders’ history online and the revenues should be shared on percentage basis with the workers.

• Use of market development strategies: The market development strategies of the company aim to help it find the best markets in the world and help it select the products in an effective way and delivery of them should be around the world.

• Use of production development strategies: The production development means the company needs to pay keen attention on the quality of its products. It also needs to make sure that both the existing markets and new markets are nourished with best and most reliable products. This is going to be the only way to help Tesco increase its level of popularity.