This presentation provides an overview of Tesco and its SWOT analysis. It covers the strengths, weaknesses, opportunities, and threats of the company. Recommendations for Tesco are also included.
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SWOT ANALYSIS
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TABLE OF CONTENT INTRODUCTION MAIN BDOY Introduction of company SWOT analysis of the company Three recommendations for the company CONCLUSION REFERENCES
INTRODUCTION This presentation mainly covers the overview of Tesco with its SWOT analysis. Tesco is one of leading British retail companies. SWOT analysis is a very effective market analysis tool for a business. This analytical tool has used in this presentation for identifying key strengths and weaknesses of the company. Some productive recommendations also have been involved in this presentationtoTescocompanywhichwillpositivelyaffectits operations of business.
MAIN BODY Introduction of company Tesco is the leading retail organisation within the United Kingdom, headquartered in Tesco house, England, UK. Currently this business has the largest distribution channel in across the UK’s retail industry. The company was founded in 1919 by Jack Cohen, it means this is 101-year old retail brand right now. Currently this company operates within 13 different countries, so that it has 6900 number of shops, stores and supermarkets. United Kingdom, Ireland, Czech Republic, Hungary etc. are key market segment of Tesco.
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CONTINUE…. SWOT analysis of the company SWOT analytical tool is very productive tool to different ventures and companies in market place. This tool helps to businesses for knowing the impact of their internal business environment. Strengths Tesco is the leading retail brand in the United Kingdom’s retails sector. The company has an effective workforce of 450,000 employees, in which these employees works very hard in this Tesco’s daily operations for achieving it’s all over objectives and goals.
CONTINUE…. Weaknesses Currently Tesco’ operations management is badly affected through its different subsidiaries. Basically, Tesco is parent company of Family dining ltd., Dunnhumby, Spenhill and Booker group etc. ventures. This situation generally has putted some pressure top-level management for earning excellent profit from these subsidiaries as well. Due to this reason, the management can’t enable to focus on Tesco’ all over growth, becauseexistingpoorperformanceofit’sallsubsidiariesaredistractingto management from its main objectives of Tesco.
CONTINUE… Opportunities Currently there are lots of opportunities to Tesco in market place. For example; Tesco has opportunity for achieving large customer base by using digital marketing strategy. The company has opportunity to improve its quality of products and services by using various approaches of operations management, like; JIT, TQM and lean production etc. Threats Existing very higher competition in the retail industry is the main threat to company. Currently Sainsburys, Marks and Spencer and Morrisons retail brands gives very tough competition to Tesco.
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CONTINUE…. Three recommendations for the company Stay with modern strategies:Many new entrants are every day entering in retail industry, so that Tesco should use its existing strength(effectivebrandimage)togainhugecompetitive advantage. Retain talented and skilled employees:The management have to create healthy and happy work culture and environment for retaining talented and skilled employees. Use digital marketing tactic:Currently digital marketing tactic is very appropriate to Tesco for attracting many new customers towards its brand.
CONCLUSION It can be concluded that most internal business environment factors are positively affects to Tesco. SWOT analysis tool has played an excellent role in identifying major internal factors of business environment. Currently Tesco is running its operations effectively and productively.
REFERENCES Books & Journals Andrew, W., 2019. Strategic Marketing. Palermo, T., 2017. Risk and performance management.The Routledge Companion to Accounting and Risk. p.137. Shandilya, R., 2018. IMPACT OF CUSTOMER CONVENIENCE AND COMMITMENT ON CRM PRACTICES: A STUDY OF ORGANIZED RETAIL.PrestigeInternationalJournalofManagementand Research,10(5), pp.142-147.
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