consultancy report : Tesco PLC

Added on - 06 Jun 2020

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CONSULTANCYREPORT
Table of ContentsINTRODUCTION...........................................................................................................................1ISSUES............................................................................................................................................1ANALYSIS:.....................................................................................................................................5RECOMMENDATION AND CONCLUSION..............................................................................9REFERENCES..............................................................................................................................12
Illustration IndexIllustration 1: 2017 Analysts forecasts............................................................................................2Illustration 2: Staff on strike duty at Baggot Street outside the TESCO store................................3Illustration 3: Finance report of TESCO..........................................................................................4Illustration 4: TESCO Shares in market..........................................................................................5Illustration 5: Risk Management......................................................................................................7
INTRODUCTIONAfter the industrial revolution, there are many significant economic and social changesimpacted on the companies in UK. Tesco PLC is an international British grocery andmerchandise retailer. It is the ninth- largest retail sector globally in terms of revenue. Company isexpanded over 12 countries and have many subsidiaries. The company is having revenue morethan £55,917 million in 2016, as per Forbes report. But as the market regularly changing the firmis facing the issues regarding the annual revenue which affects the stakeholders’ relationshipwhen customer not preferring their brand. It is important for stakeholder to be responsible forgetting bottom line socially and economically. There was fall in their new sales strategy by 1.5%at the end of the previous year. Due to competition, over share price and sales in big stores. It canalso due to poor business practise which consist of low wages, services, cafe culture, morale andtrading (Ramanathan, Bentley and Pang, 2014). Further, suppliers changed the prices of thegoods and services which was provided to the stores.For this purpose, an audit based methodology was applied, to identify the key aspects ofthe firm and business environment. Data is gathered from many sources in quantitative andqualitative ways. For the former, industrial records, reports, newspaper and documented data wasused and later one included the interviews, concentration on group decision and telephonicinterviews. All the internal data collected was utilised to be applied on TESCO standards andpractises.Main objectives of the consultancy were to:1.Identify the areas where the services of the company get bottom line.2.Suggesting the new ways by which TESCO can be more effective, efficient andeconomical to the customer’s and employees.3.Applying the strategies wherever applicable to business standards for uplifting the socialand economic condition.Following report contains the details regarding the market problems and suggestedrecommendation to improve the services.ISSUESPast Glories: Due to the market issues, the company is facing the decline in operating profit asper it's years(Tidy, Wang and Hall, 2016).1
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