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Strategy advantage of sainsburys supermarket
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BUSINESS ENVIRONMENT Christopher Toppo Freelance Writer [University Name] [Date] Introduction Sainsbury's was founded in 1869 by John James Sainsbury and his wife Mary Ann Sainsbury in London. The company has evolved in to one of the largest UK’s largest retailers. Sainsbury employs about 157,000 people in UK spread across 1,106 supermarkets, convenience stores and online groceries. The company opened 14 new supermarket stores in the last financial year with 8 extensions and there were 87 convenience stores added to Sainsbury’s list. The company has declared profits of £756M in 2013-14. Task 1a An organization is described as a grouping of associated people acting together. This is a structured layout, focused to meet a need and pursue collective goals. With all organizations, an effective management structure is established to undertake relationship management between members and associated activities. The management of an organization subdivides the hierarchy to assign roles and responsibilities. Every individual is entrusted with discrete authorities to carry out their tasks. Organizations can be referred to as open systems as they affect and are affected by external or internal environment. The following section briefly describes each type of organization. Sole Trader – This is a form of organization which is controlled by an individual. Sole trader form of business environment can extend up to family members depending upon size, personal control and other business needs. Sole proprietorship is flexible, easy to organize and manage. The biggest challenge for sole proprietorship is unlimited liability and risk of losing assets. Partnership – This is a model based on sharing profits and pursuing common business obje... ... middle of paper ... ...orm of organization is funded through voluntary contributions. Sainsbury’s is established as a public limited company. For Sainsbury's, corporate responsibility means providing good quality food at fair market prices and paying a suppliers with an equal fee. The company vies to keep buyers and suppliers on reasonable terms. Vision of Sainsbury To be the most trusted retailer where people love to work and shop. Goal of Sainsbury The company wants to make the lives of its customers easier by offering great quality service at fair prices. Sainsbury’s have established a set of values to make them different and recognize its growth. The goal of the company is to make people live well at less cost. 5 values of Sainsbury are: • Best for food and health • Sourcing with integrity • Respect for environment • Making a positive difference to community • A great place to work
Partnership – “A legal entity formed by two or more co-owners to operate a business for profit.” (Longenecker, Petty, Palich, Hoy, Pg. 202) In a partnership, the advantage for the owners is the capability to reduce the workload and the financial burden, especially if each partner has management skills that enhances the business. The disadvantages of a partnership such as personal conflicts and leadership expectations, therefore this organizational form should only be chosen once all other options have been considered.
The company created a mission to achieve leadership in the markets it served, which it pursued by fostering innovation, achieving high product quality, and keeping a close eye on profit margins. Kraft established five operational objectives to achieve these goals. First goal was to build a superior brand value for consumers by delivering greater product benefits at the right price. The second objective was to enhance product...
The Sainsbury group today is one of the worlds leading retailers, playing a part in the lives of over 11 million customers a week and as at October 2003 had 512 stores throughout the UK employing over 145,000 people
An organization is a social unit of people that is designed and managed to meet a need or to pursue collective goals. All organizations have a management structure that determines relationships between the different activities and the members, and subdivisions and assigns roles, responsibilities, and authority to carry out different tasks. Organizations are open systems; they can affect and are affected by their environment (What is an organization? definition and meaning, 2013). Working in an organization individual’s deal with numerous issues. Drugs and alcohol abuse in organizations has become a main concern.
Tesco’s are all about the profit as they make money from the customers basic on what they sell throughout the year. The purpose is to make profit on the goods that they sell to the customers. The main purpose is to make profit and gain market shares.
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
Tesco has net profits (before tax) of around £3 billion. Tesco 's primary aim is 'to serve the customer '. Keeping existing customers happy is important, as they are more likely to return. This is more cost effective for the business than acquiring new ones. In the UK Tesco now has over 2,200 stores ranging from the large Extra hypermarket style stores to small Tesco Express high street outlets. Tesco 's original product range of grocery and general merchandise has diversified to include banking, insurance services, electrical goods as well as telephone equipment and airtime. This move towards 'one stop shopping ' means customers can meet all their purchasing needs from one place. Tesco has also expanded its customer base through its Tesco.com website which attracts one million regular users. As the company has grown, so has its workforce. From one man and a stall, Tesco now has approximately 280,000 employees in the UK and over 460,000 worldwide. To serve its widening markets it needs flexible and welltrained staff that can recognise the needs of the
There are many different types of business structures, but if you own and operate a business that it is a sole
Efficiency has been highlighted as a key financial objective for each company – as it is inherent in optimising profit from any business and helping sustain core business – which is the primary objective of both groups. It is also a good indicator of healthy cash flow management – a specific Sainsbury’s objective.
Sole tradership is when the business is fully owned and managed by one person, though others can be employed to help run the business. As the sole traders only financial income is from the business and/or bank loan, they do not have the resources to expand and cover regional or national areas. These types of businesses are located in the small business sector and usually cover local areas. Such businesses could be hairdressers, corner shops or market stalls etc. Sole traderships have unlimited liability so if the business fails to pay its debts the financial responsibility falls on the owner/s to pay the debts in full even if they have to sell their business, personal possessions and assets.
An organization is a ‘social arrangement for the controlled performance of collective goals’ according to Buchanan and Huczynski. Chester Barnard also described an organization as ‘a system of co-operative human activities’. Organization can also be define as; ‘A deliberately formed group of human being with known boundaries and common goal’. Or, a group
We all know Tesco as a food retailer, and we know that they are in constant competition with other retailers such as Sainsburys and Asda, yet we do not know much about what goes on beyond the shelves and the tills, the marketing plans and the day to day tactics that have to be devised to stay the number one food retailer in the United kingdom today.
As I discussed before, daily team talks with employees who started first thing. These would only last five minutes and be about issues that employees would need to know for example how much the store is taking, how much it needs to take to reach its target, things to look out for e.g. doggie cheques. Each department would do this. Employees who didn't start first thing would have to read this team talk and sign it before starting work. If employees found working more enjoyable and it had more of a team atmosphere within sainsburys it would hopefully lead to a lower staff turnover.
Organizations are deliberately structured and coordinated activity systems. They have structures that include policies for how the organization should be run, hierarchies of how personnel are supervised and by whom, and different units working in various ways to help the organization function.
The Open System model ‘conceives an organisation as a combination of parts with independent relationships and op...