The assignment will be as discussed in the following way: Task 1: Introduction of Tesco PLC's company background. Task 2: Comparison and difference between the Aims and Objectives of Tesco PLC, Sainsbury and Aldi. Task 3: Identifications of the key stakeholders of Tesco PLC and explain their competing priorities. Task 4: Identifying the current ownership structure of Tesco PLC and analysing the advantages and disadvantages of the type of ownership structure, recommendations of any changes to the current ownership structure and justification if the current ownership structure is most suitable. Task 5: Analysing the advantages and disadvantages of the current organisational structure of TESCO and explain what might cause this to change. Tesco plc’s background Tesco was founded in 1919 by Jack Cohen from a market stall in London’s East End. In 1919, Cohen invested his £30 stipend from his World War I service in the Royal Flying Corps in stock for his small grocery stall in the East End of London and began his career as a market trader. He soon became a successful trader in other London markets outside of the East End and also branched out into wholesaling for other market traders. In 1919, Cohen invested his £30 stipend from his World War I service in the Royal Flying Corps in stock for his small grocery stall in the East End of London and began his career as a market trader. He soon became a successful trader in other London markets outside of the East End and also branched out into wholesaling for other market traders. In 1932, Cohen officially founded Tesco Stores Limited. The name was originally that of a private-label brand of tea Cohen sold, created from the initials of T.E. Stockwell, ... ... middle of paper ... ...w.tutor2u.net/blog/index.php/business-studies/ Bized – http://www.bized.ac.uk/ Service for students and educators on business and economics related subjects. Business Education Zone – http://www.businesseducation.findhere.org/ CAROL – http://www.carol.co.uk/ The Times 100 – http://www.thetimes100.co.uk/ Bagley, C., Dean, A., Stubbs, L. & Gardiner, M. (2011) BTEC National Business - Student Textbook. Glasgow: Collins. Hough, K. & Tye, J. (2006) OCR National Level 3 in Business Student Book. London & New Hampshire: Heinemann. Kelly, P. & Ashwin, A. (2013) The Business Environment. Andover: Cengage Learning. Palmer, A. & Hartley, B. (2011) – The Business Environment. 7th ed. Maidenhead: McGraw-Hill. Richards, C., Dransfield, R., Goymer, R. & Bevan, J. (2010) BTEC Level 3 National Business Student Book 1. 3rd ed. New Jersey: Pearson Education Ltd.
Tesco is a Public limited company (PLC), which means it is owned by shareholders and it is in the private sector Also known as the for-profit sector and Activities outside the public sector organizations and businesses that provide services and products based on market demands for a cost with the purpose of producing a profit for owners and shareholders in the organisations. Tesco is the biggest employer in the UK with over 250,000 employees and over 1,800 stores.
Store information provided by Tesco: Text Box: Tesco Superstore, our most frequent layout, with groceries and non-food [IMAGE] - Coffee Shop/Cafe [IMAGE] - Pharmacy [IMAGE] - Deli Counter [IMAGE] - Fish Counter [IMAGE] - Petrol Station [IMAGE] - Pay at pump Task 1 This organisation chart for Tesco Plc shows that even though the Chief Executive is in charge of Tesco Plc most decisions are still made by the Board of Directors: * [IMAGE]Tim Mason - Marketing & E-commerence Director * Davis Potts - Retail Director * Andrew Higginson - Finance Director * John Gildersleeve - Commercial and Trading Director * Terry Leahy - Chief Executive * David Reid CA - Deputy Chairman * Rowley Ager - Company Secretary * Philip Clarke - IT & logistics Director Each individual store is divided Text Box: into this organisation chart. [IMAGE] The store manager has span of control over all the deputies who have span of control of their section. When some thing needs to be done the store manager would ask his deputise who would divide the work between other workers following the chain of command. Task 2 Aims are what businesses set out to do.
This essay will focus on two companies Tesco and Chester Zoo. I am writing an essay to identify and describe these two companies. I will look at their ownership and explain how the businesses are organized to achieve their purposes. I will also compare both of them to find out the differences between these two companies.
Tesco’s objective is to be the ‘champion for customers’, and they want to achieve this by being number one in customer satisfaction. They want to grow globally and by doing this they ‘create value for customers to earn their lifetime loyalty’. Tesco is
shopkeeper in East Side Manhattan, he is of Polish descent as his parents emigrated in 1904.
Harry Gordon, as a good entrepreneur, invested about £400,000 in a business opportunity never noticed before. In 1906, while spending his holidays in London, he noticed the absence of department stores adapted to the latest selling ideas used in America. Promoting shopping for pleasure rather than necessity and named after its founder, Selfridges & Co. became an exciting shopping experience, enabling people to experience new releases whether it was an aeroplane displayed in the store or the opening of the biggest bookshop in the world. “I am prepared to sell anything from an aeroplane to a cigar.” (Harry Gordon Selfridge, 1910)
Palmer M. (2004) International retail restructuring and divestment: the experience of Tesco, Journal of Marketing Management, November, Vol. 20 Issue 9/10, pp.1075-1101;
Bibliography: Lawson, A. (2013). Analysis: Is Asda’s five-year strategy the right one?. [Online] Retail-week.com. Available at: http://www.retail-week.com/sectors/food/analysis-is-asdas-five-year-strategy-the-right-one/5054989.article [Accessed 23 Jan.
Ross, S.A., Westerfield, R.W., Jaffe, J. and Jordan, B.D., 2008. Modern Financial Management: International Student Edition. 8th Edition. New York: McGraw-Hill Companies.
so his grandfather found him a job at the Dutch bank in Haifa.While he was going there
In addition, there is a moderate presence of organizational capability. In the intangible section, Tesco Corporation has a strong presence in human, innovative, and reputation resources. Furthermore, Tesco has a valuable strong capabilities. The core competencies are key to a company’s sustainability. Tesco has a presence of a high level of capabilities. They are high in areas of design, technology, training, and research and development. In addition, Tesco has a superior presence in the area of manufacturing.
• Hitt, Michael A; Hokisson, Robert E.; Ireland, RD. Strategic Management. 6th Ed., Masson, Ohio: Souht. Wester 2005.
Unilever is the world third largest consumer goods company which produces a wide range of foods, home care and personal care products. Behind the sustained development over 8...
In my discussion, the main types of organizational strategies and structures will be listed and how they have impacted on Unilever’s improved performance and growth in recent years.
...ias, O. (2010). Lectures on Management Consulting, MBA Course 2010/11, University of Bradford, School of Management, 17/01/2011.