Top 5 Business Trends for Tesco: A Report on Future Strategies

Management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Top five business trends.........................................................................................................1
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Management of every business aims to
have general changes in their operations so
that they can meet the current trends of the
market. It involves a strategic planning and
decision making in context to shift in values,
attitudes, economic landscape and
technologies (Reis and et.al., 2021). This
report is based on Tesco which is a
multinational retailer headquartered in
England, UK and established in 1919. This
report will include top five trends of
business in future which help establishing
the brand image in over all market.
MAIN BODY
Top five business trends
Business Trends are important for
Tesco so that they can match the
Expectations of the society and customers
with the help of their products and services
by implementing new events, new tools and
technologies. This will help them in
establishing better brand image in market
which carry forward organisation to next
level. Top 5 trends which Tesco will follow
for future as discussed below:
Sustainable and resilient operations:
Tesco focus on reduction and elimination of
environmental cost during their operations
which is the most important factor of
forward thinking. This will help them in
making their business more sustainable for
longer time period which is positive aspect
of this business trend (de Jong and et.al.,
2021). Sustainability and resilience are
interlinked with each which focus on the
adoption of new methods so that business
can survive effectively in longer run.
Adopting new methods can help Tesco in
decarbonizing the supply chain which is
essential factor for reduction of
environmental costs. They should focus on
the consumption of natural resources which
are renewable in nature so that they can
maintain proper balance in environment.
Tesco focus of their waste management
programs so that they can fulfil the
requirements of society and environment in
effective manner. They follow all the
corporate social responsibilities which help
in suitability in best possible manner.
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