Introduction This essay attempts to critically evaluate Tesco with regards to the Horsemeat Scandal. The aim is to critically asses this event through the application of theories and readings. A brief background on how the scandal arose will be provided. Key question that must be asked are did Tesco misbehave at all? And if they did, how could they have been able to justify their actions to themselves? According to Cooper and Owen (2007) accountability is a somewhat unclear term. This is not because the exact definition of being accountable ‘required or expected to justify actions or decisions; responsible’ (Oxforddictionaries.com, 2014) is hard to understand, it is because the question still remains as to whom is the accountable person is supposed to justify their actions to? Three parties can be identified as possible recipients of this justification: The shareholders, the stakeholders and society in general (Cooper and Owen, 2007). If the first party (the shareholders) is the one Tesco were accountable to then Tesco can be perceived to have done nothing wrong as their primary objective may have been to maximise the wealth of the shareholders . However if the shareholders were not the recipients of the accountability and the stakeholders and society in general are Tesco has come without a doubt committed a wrongdoing. The focal point of this essay revolves around Tesco’s issues with Corporate Social Responsibility (Hench forth know as CSR) as they didn’t hold themselves to the stakeholders and society in general. These issues with CSR can be explained through applying agency theory and various ethical theories. Furthermore the actions taken by Tesco will be examined; both how they handled the scandal and the repercussions for... ... middle of paper ... ..., 32 (3), pp. 247—262 In-text: (Tesco Annual Report, 2013) Bibliography: Tesco Annual Report. (2013). Tesco Annual Report 2013. [online] Retrieved from: http://files.the-group.net/library/tesco/annualreport2013/pdfs/tesco_annual_report_2013.pdf [Accessed: 1 Apr 2014]. In-text: (The Week UK, 2014) Bibliography: The Week UK. (2014). Horsemeat scandal hits Tesco profits. [online] Retrieved from: http://www.theweek.co.uk/business/53417/horsemeat-scandal-hits-tesco-profits [Accessed: 1 Apr 2014]. In-text: (Turnbull, 1997) Bibliography: Turnbull, S. (1997). Corporate governance: its scope, concerns and theories. Corporate Governance: An International Review, 5 (4), pp. 180--205. In-text: (Wiese and Toporowski, 2013) Bibliography: Wiese, A. and Toporowski, W. (2013). CSR failures in food supply chains--an agency perspective.British Food Journal, 115 (1), pp. 92--107.
Tesco is trying to gain as high profits as they can because company investors or shareholders might thing about investing more money in to the business because of its success and development. Tesco wants to make its investors satisfied because it may affect business future.
Zuckerman, Catherine. "Europe's Horse Meat Scandal Escalates, Investigations Ensue." National Geographic. National Geographic Society, 22 Feb. 2013. Web. 28 Apr. 2014. .
Sainsbury’s mission statement is split up into several sections, first of all, to have great products at quality service and fair prices, secondly to be there for the customers and finally for their colleagues to be the difference. This is the mission and values of Sainsbury’s organisation which should be seen throughout their entire staff and the staff should know about it because of the fact that it is forced throughout all the different areas of Sainsbury’s managers and stakeholders. Sainsbury’s main goals are to sell products and services at prices that can relate to their customers, they achieve this goal by setting process and discount deals to attract customers to the products being sold. Also that colleagues are the ones who are making
Sysco is a company based on profits from restaurants, healthcare, educational facilities, lodging establishments, and any other individual who prepares meals away from home. In the world there are 147 locations. These locations are supplying product to the aforementioned facilities and individuals above, with the majority of the suppliers’ of Sysco products in the United States, Canada, and Ireland. However; Sysco can be found in other countries as well. The company works well with consumers in person, online, and over the phone, doing anything to make it easier for the buyer to gain the supplies that are needed to run a successful business (Sysco.com, 2011).
Why is there now an increasing demand for organisations to behave ethically and responsibly? Ethics is seen as ‘… a system of morals or rules of behaviour’ (Mullins 1999) meanwhile the definition of corporate responsibility taken from Sims (2004) states that’… business behaviour that is likely to engender the trust and commitment of stakeholders towards the company.’ Changes in people’s values and beliefs have also led to this demand. Yet, to what extent are organisations responding to the changing needs of society? For this analysis, the focus of this issue will be centred on Barclays plc and whether this company is fulfilling its ethical and socially responsible behaviour towards its stakeholders.
This is the second part of the strategic assignment. In this report the competecies, culture and resource analysis of Tesco is presented. Furthermore in this report SWOT analysis of Tesco is presented and then two strategic options are suggested to Tesco. The strategic options suggested are then evaluated through the SAF model.
There are many different factors which affect the way companies operate and the policies they adopt. This essay will investigate and outline some of the different social, cultural and ethical issues which are relevant to Tesco Plc’s operation. This essay will begin by investigating into social attitudes of the customers and also the social trends of customers which affect the company’s social policies. It will explain why there was or is a problem, how it could be solved by adopting a particular policy. It will then investigate into cultural tastes and preferences of the customers, as well as the low unemployment of UK culture which affect the company’s cultural policies. It will explain why these cause cultural issues and suggest polices which provide a solution. Finally it will analyse the waste creation and disposal of the company and also their farming supplies which are two ethical problems the company has faced and explain the policies that were used to solve the problems.
An independent analysis conducted by food safety inspectors of the meat being served in the three establishments in Britain. The use of horse meat was found to be within several consumable products in Britain during this same
Currently, businesses are facing a growing societal pressure to perform responsibly and sustainably. Western cultures have become more aware of the effect their consumption has on the environment. Furthermore companies are being put under pressure to treat labour, and where applicable, animals with greater care. However this is to an extent optional and it is often argued that corporate social responsibility is taken up voluntarily by the business and that following laws regarding ethical trading is just a prerequisite to “fulfilling the responsibility of enterprises” (Enderle, 2014, pp 723 - 735). Some businesses have monopolised on the added value of ethically sourced products, through promoting a positive brand
It wasn’t until the 1700s that the secrets of coffee growing were finally wrestled from the growers in Yemen and the Red Sea region, and coffee began to be grown as a plantation crop (Cowan, 76). Coffee’s switch from being a specialty product to a plantation crop is truly why coffee became available in large quantities and developed as a global beverage. Before this change, there simply wasn’t enough coffee available to be consumed the way it was by the end of the 1800s. Before the introduction of plantation crops, “matching supply with the nascent consumer demand for coffee in Britain was not an easy task” (Cowan, 61). Essentially, even though there was an increase of demand for coffee in England, the East India Company could not meet that demand until plantation crops enabled the supply to
Companies have presented investigations about their motivation towards voluntarily social and environmental as insolvent. This paper argues in agreement with Adam’s view that the goal of CSR reporting is to promote credibility and corporate image of stakeholders operating in a particular industry. Whereas companies must focus their efforts on enhancing their profitability, they should also ensure that the welfare of other stakeholders is protected.
Sandberg, J., Solomon, D., & Blumenstein, R. (2002, June 27). Accounting Spot-Check Unearthed A Scandal in WorldCom's Books. Retrieved from The Wall Street Journal: http://online.wsj.com/article/SB102512901721030520.html
Despite the notion of horses as pets and companions, horsemeat is widely and willingly consumed in many countries in Europe. They eat horse meat happily and see little problem with the mix-up. However, Britain, much like the US, has traditionally shown a strong disgust to eating horse (Taylor, Adam and Willett, Megan). As with many food taboos, there’s no settled reason for why most americans are perfectly inclined to consume cows, pigs, and chickens however turn their noses up at horse. Horse-eating became popular in Europe in the 19th century, when famines caused several governments to license horse butcheries (Taylor, Adam and Willett, Megan). Nowadays, horse meat is most widely available in France, Belgium, and Sweden, in which it outsells
Tsui, J., & Gul, F. A. (2002). Consultancy on a Survey on the Corporate Governance Regimes in Other Jurisdictions in Connection with the Corporate Governance Review. Hong Kong: CityU Professional Services Ltd.
Designed to reinforce this aspect of the Tesco values in both Tesco and Unilever a number of examples (see Figures 2.2 and 2.3) were given, showing scope for improved cost effectiveness. The scope for improved innovation and more effective deployment of projects was established, and will be covered more exten...