A1 Factfile on Tesco: Understanding the Key Components and Future Strategy

This report provides an overview of Tesco, including its history, evolution, and future strategy. It also discusses career opportunities and the use of SWOT analysis in the market. The report highlights the importance of corporate social responsibility and the implementation of different values by the firm.

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Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................2
Timeline of the Key Events.........................................................................................................2
Evolution of the organisation.......................................................................................................2
Organisation career opportunities................................................................................................3
CONCLUSION................................................................................................................................5
BIBLOGRAPHY ............................................................................................................................5

INTRODUCTION
Tesco is a British multinational organisation which offers multiple quality products to the
consumers (Mc Loughlin, and et.al, 2021). The company has seen an effective growth over a
period of time in future. The report aims to analyse about understanding different components
for the firm (Moura, 2021). Along with that, in this report there will be evaluation about the
company's future. For further instance, in this report there will be discussion about the swot
analysis which helps the firm to analyse different forces in the market.
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MAIN BODY
Timeline of the Key Events
Globalisation:
It is the process which helps the company to influence the market with different positive
factors (Sultan, 2020). They has dominate the retail industry by providing quality products to
consumers.
Business model:
Tesco use the online business model to improve their profitability. They are able to
attract different consumers in the market (Quix, and van der Kind, 2019).
Acquisitions and Partnerships:
Tesco has acquired with different partnerships this helps them to expand their business in
different regions in an effective manner (Moore, and Brannen, 2018).
Evolution of the organisation
History Overview:
Tesco is the British multinational chain which provides different products and services to
consumer. It was founded in 1919 by Jack Cohen (Evans, and Mason, 2018). Tesco has
diversified their business operations in different regions in order to maximize the overall profits
in the market (O'May, 2019).
Current operations and Values:
EDI is the virtual exchange which the company can implemented in order to do business
with different trading partners (Wei, 2020). On the other hand, corporate social responsibility is
the concept in which the the company shows different beneficial concerns towards the
environmental and social issues (Waters, 2019). Tesco has optimised their overall operations
they use the EDI system which helps them to preserve the environment. The company has also
taken different measures to protect the environment. The company has decrease the use of plastic
while packaging their products(SPAGNOLO, 2019). They had the reduce the carbon emissions
in the environment.
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Future strategy
Tesco is becoming more hybrid with the help of technology. They are implementing
different technological advancements in the workplace (Elmaghrabi, 2021). Swot analysis could
be used by the firm in order to analyse different factors which is present in the new marketing
conditions (Fredman, 2022). The components of Swot is mentioned below:
Strengths Weakness
The main strength of the Tesco is that they
dominate the retail industry by providing
quality products at an affordable price
(Ayeneh, and Mahmodian, 2020).
The organisation needs to address the concerns
of health and safety of the consumers (Johnson,
and et.al 2018). They need to follow the rules
which is abide by the government to ensure the
safety of the customers (Sparks, 2019).
Opportunities Threats
Tesco can implement the technological
advancements and needs to improve their
brand value online (Rosedi, and Mat Jaafar,
2018). This will help them to generate more
profits in market.
Tesco is facing threat with the new rules which
is Brexit it is applied in the region like UK
(Buchan, and Wang, 2018). This has impacted
their business performance in the market.
Organisation career opportunities
Gibbs is a reflective model which helps the individual to explore their experience with
the help of different stages (Ziliani, 2019).
 Description: There are multiple career opportunities which is present for the future. The
best position to work is the company like Tesco is the role of production manager (Alam,
and Raut-Roy, 2019). The main focus is to grow different skills and capabilities to
capitalise on this opportunity in the future.
 Feelings: In the future I want to work in the company like Tesco. They certainly help me
to improve different aspects and through this I am able to achieve effective growth in the
future (Gilg, 2019).
 Evaluation: There are multiple skills which includes decision making and
communication. These are the factors through which I am best fit for the company. For
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the job role of production manager in the future I can help Tesco in managing different
working operations in an effective manner. There are certain challenges which I might
face in the job (SPARKS, 2018). There are the areas which I need to improve I lack in the
skills like leadership. This is one of the major challenges for the job position.
 Analysis: For the job role of production manager the main skills which is needed in order
to work in the organisation like Tesco is decision making, effective communication,
leadership, creativity etc (Edwards, and Rodriguez, 2018). Tesco provide different
raining programs in order to enhance these skills and overall knowledge.
 Conclusion: The main role of production manager is to achieve achieve the necessary
goals and objectives. I have to improve multiple factors in order to work towards my
desired goals and objectives in the future (Taqatqa, 2021).
 Action Plan:
Skills/
Attributes
requiring
improvement
Reason
for
improve
ment
Steps to improve
Ways to
measure
success
Timeframe for
the improvement
Leadership
skills for the
role of
production
manager
I want to
imrpove
the
leadershi
p skills to
divide
thw work
effectivel
y to teh
individua
ls.
There are multiple steps
which can be taken it
includes improving
different aspects by
communication with
different individuals
(Yusof, 2019).
The sucess can
be measured
with the help
of completing
the tasks prior
the time
3 months to devlop
this skill
Creative skills
for production
manager
I have to
improve
creative
skills to
perfrom
better in
different
situations
In order to devlop this
skills I have to become
more creative in
different situations.
Throiugh this I am able
to perfrom better.
It can be
measured with
the help of
social
personality
approach
2 months to
develop this skill
Problem
Solving skills
for production
manager
This is
the skills
which I
had to
This skill could be
developed by solving
the complex problems
To measure
this skill there
are different
situations
1 Month
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develop
to pefrom
better in
different
situations
which needs to
anlysed better
and solve it an
effective
manner.
CONCLUSION
From the above report, it has been analysed that there are certain frameworks which can
be used in order to help the organisation perform better in market. Along with that, there is
evaluation about Gibbs reflective cycle which helps the individual to share the experience. For
further instance, in this report there is discussion the CSR activities and different values which
needs to be implemented by the firm.
BIBLOGRAPHY
Alam, S. and Raut-Roy, U., 2019. Evaluating the Effectiveness of Reward Strategy at Tesco:
Evidence from Selected Stores in UK. Indian Journal of Industrial Relations, 55(1).
Ayeneh, M. and Mahmodian, Y., 2020. The effect of network marketing on Resilience
economy. Islamic Economics, 20(79), pp.207-238.
Buchan, A. and Wang, Y., 2018, September. Decision-Making and Supplier Trust.
In International Workshop of Advanced Manufacturing and Automation (pp. 401-405).
Springer, Singapore.
Edwards, J.S. and Rodriguez, E., 2018. Knowledge management for action-oriented analytics.
In Analytics and knowledge management (pp. 1-30). Auerbach Publications.
Elmaghrabi, M.E., 2021. CSR committee attributes and CSR performance: UK
evidence. Corporate Governance: The International Journal of Business in
Society, 21(5), pp.892-919.
Evans, B. and Mason, R., 2018. The lean supply chain: managing the challenge at Tesco. Kogan
Page Publishers.
Fredman, S., 2022. Inching Forward: Preliminary Victory for Equal Value at Tesco and
Asda. Industrial Law Journal, 51(1), pp.166-173.
Gilg, J.Y., 2019. Paul Harvey: Picking up the Tesco Law Challenge. Solic. J., 162, p.48.
Hughes, R., Hallsworth, A.G. and Clarke, G., 2009. Testing the effectiveness of the proposed
UK ‘competition test’. The Service Industries Journal, 29(5), pp.569-590.
Johnson, and et.al 2018. Tesco Bank Wellbeing Case Study. In WELL-BEING (pp. 179-188).
Palgrave Macmillan, Cham.
Mc Loughlin, and et.al, 2021. Sustainability in supply chains: reappraising business process
management. Production Planning & Control, pp.1-34.
Moore, F. and Brannen, M.Y., 2018. The anthropological comparative method as a means of
analysing and solving pressing issues in comparative HRM. In Handbook of Research
on Comparative Human Resource Management. Edward Elgar Publishing.
Moura, M.B.L.D., 2021. Equity Research in Food & Retail Industry-TESCO PLC (Doctoral
dissertation, Instituto Superior de Economia e Gestão)
O'May, N., 2019. The Problem with DPAs. Int'l Fin. L. Rev., p.30.
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Quix, F.W.J. and van der Kind, R.P., 2019. Public or target group. In Retail Marketing (pp. 369-
396). Routledge.
Rosedi, N.F. and Mat Jaafar, N.N., 2018. A study on the influence of Human Resource
Management (HRM) practices towards employee performance at Tesco Bandar Sungai
Petani, Kedah.
SPAGNOLO, D., 2019. Corporate social responsibility in the food retailers sector: an analysis of
English CSR reports.
SPARKS, L., 2018. Tesco’s chain management supply 07. Logistics and Retail Management:
Emerging Issues and New Challenges in the Retail Supply Chain, p.183.
Sparks, L., 2019. Tesco: how supply chain strategy supports retail success. The Business &
Management Collection.
Sultan, A., 2020. Effective leadership and its impact on organisational performance: retail
industry (Tesco) (Doctoral dissertation, University of the West of Scotland).
Taqatqa, A., 2021. 5 Tesco. Business Management Case Studies: Pran-RFL, Netflix, Mc
Donalds, Google, Tesco, Apple, COCA COLA, PSA Group, Mercedes, Tesla, Toyota,
Beximco, KFC, LBC Lao Brewery Company, p.97.
Waters, D., 2019. Supply chain management: An introduction to logistics. Bloomsbury
Publishing.
Wei, Z.J., 2020. Marketing Strategic and Management Analysis of Hypermarkets Based on
Walmart and Tesco (Doctoral dissertation, gtk).
Yusof, A., 2019. Tesco Plc likely to exit Asia business, focus on home country, EU. New Straits
Times, pp.1-1.
Ziliani, C., 2019. The evolution of loyalty management. In Loyalty Management (pp. 29-61).
Routledge.
This helps to understand about the supply chain management of Tesco
This website helps to understand about the Tesco profile in the industry
This website helps to understand about the supply chain management.
Different laws which affect Tesco business
This website helps to understand about the supplier chain management
This website helps to understand new opportunities for Tesco
This website focuses on understanding the environment of the workplace of Tesco
This website helps to understand about the rewards and recognitions programs of Tesco
This website helps to understand about the leadership styles of Tesco
Understanding about the marketing strategies of Tesco
This website helps to understand about the supply chain of Tesco
The Idea about the sustainable chain of Tesco
In this website I find out about the practices of human resource manager of Tesco
I Find out about the retail industry and Tesco corporate social responsibility In this website
I find out about the retail marketing of Tesco
In this website I find put about the role of Tesco in the industry
This source helps me to identify different competitors which includes Asda, Morrisons Tesco
etc.
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