Tesco Companies,likeTesco,thatenjoy long-termsuccess,arefocused businesses. They have a core vision that remains constant while the business strategies and practices continuously adapt to a changing world. In an increasingly competitive global environment, without a clear vision a business will lack direction and may not survive
Mission Statement A vision is an aspirational view of where the business wants to be. It provides a benchmark for what the business hopes to achieve. Tesco is a company built around customers and colleagues. Its vision guides the direction of the organisation and the strategic decisions it makes. Tesco’s vision is: 'To be the most highly valued business by: the customers we serve,thecommunitiesinwhichweoperate,ourloyaland committed colleagues and of course, our shareholders.'
Goals and Objectives Tesco’svisionhasfiveelements whichdescribesthesortof company it aspires to be. These are to be: wantedandneededaroundthe world Agrowingbusiness,fullof opportunities modern, innovative and full of ideas
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Continued.. winners locally whilst applying our skills globally inspiring, earning trust and loyalty from customers, our colleagues and communities. The vision, mission statement and goals are interrelated and state what an organisation is seeking to achieve whereas the strategies and tactics show how it will achieve them. Tesco’s core purpose (mission) is simple: ‘We make what matters better, together'.
REFERENCES Online Vision,valueandbusinessstrategies,2017.[Online].Available through:<http://businesscasestudies.co.uk/tesco/vision-values-and- business-strategies/vision-and-mission.html>. [Accessed on 13thJuly 2017]. Core Purpose and Values our core purpose, 2016. [Online]. Available through:<https://www.tescoplc.com/about-us/core-purpose-and- values/>. [Accessed on 13thJuly 2017].