This presentation provides an introduction to Tesco, critical evaluation of organization's headline data, definition of organization's industry, competitive position of Tesco, SWOT analysis, and current strategic position.
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Strategic Management Task 1
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Table of content Introduction Introduction to the organization Critical evaluation of organization's headline data Definition of organization's industry Competitive position of Tesco SWOT analysis Curent strategic position Conclusion References
Introduction Strategic plan can be defined as a document which is generated byorganizationsforthepurposeofattaininglongterm businessgoals.Whileplanningtoreachthetargetsitis essential for management to make sure that effective strategies are formulated by them. Present presentation is based upon Tesco. Different topics which are covered in it are introduction of organisation, key headlines, definition of industry, macro environment forces along with SWOT analysis.
Introduction to the organization Tescoisoneofthelargestretail organizations in UK which was foundedinyear1919byJack Cohen.Itsheadquarterisin WelwysGardenCity,England, UnitedKingdom.Ithasalmost 6800shopsaroundtheworld whereitisexecutingits operations.
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Critical evaluation of organization's headline data Trends in financial performance:The following chart is reflecting the trends in financial performance of Tesco:
Continue... Shareprice:TrendsinsharepriceofTescocouldbe determined with the help of following chart:
Continue... Market share:In order to analyse the market share of Tescofollowingchart could be analysed:
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Continue... Profitability:Inordertoanalyzetrendsinprofitability following chart could be analyzed:
Definition of organization's industry and critical macro environment forces Tesco is operating business in Retail industry which is one of the major contributorsofGDPofUnited Kingdom. Total amount of this sector in the gross domestic product is more than 390 billion pounds.
Competitive position of Tesco Tesco's competitive position in retail industry is very good. It has captured the largest market share of UK which is beneficial for it to attain growth. Main reason for its competitiveness is quality of all the products and services that are delivered to the customers.
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SWOT analysis StrengthsWeaknesses Itisoneofthebiggest retailer supermarket of UK andcoverslargemarket share. There are various financial errors in the accounts of it which creates problems for stakeholdersandthe enterprise. OpportunitiesThreats Jackwhichisadiscount storeisexpanding massively which is a great opportunityforthe companytostrengthen market share. Level of competition in retail is very high and Tesco may also get affected because of itscompetitorswhichare Sainsbury, Waitrose, etc.
Current strategic position The position of Tesco in the market is very good which is beneficial for it to retain the market share which is captured by it.Inordertoimprovetheexistingperformancethe management may pay attention towards the opportunities that are available in the market. For example, Jack's Stores could be opened in different countries to increase market share.
Conclusion This presentation concludes that while formulating strategic plansbusinessentitiesshouldtakedifferentfactorsinto consideration. These are micro, macro, competitive position, major competitors etc.
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References Fatricia, R. S., 2017. STRATEGIC ANALYSIS OF TESCO SUPERMARKET.JurnalManajemenTerapandan Keuangan. 6(02). pp.69-86. Sparks, L., 2019. Tesco: how supply chain strategy supports retail success.The Business & Management Collection.