Assignment on Tesco Supermarket

Added on - 21 Jul 2020

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TESCO Supermarket
Table of ContentsINTRODUCTION...........................................................................................................................3Task A..............................................................................................................................................3Critical analysis of business information system to support its business activities....................3Task B..............................................................................................................................................5Critically appraising different methods that Tesco could use to acquire new BusinessInformation Systems...................................................................................................................5Task C..............................................................................................................................................6Critically analysing four main areas Tesco could consider when implementing new BusinessInformation Systems..................................................................................................................6Task D..............................................................................................................................................7Critically analysing the benefits that Tesco could gain from using a Customer RelationshipManagement System...................................................................................................................7Task E..............................................................................................................................................9Critically analysing the potential benefits and challenges of using the internet for business.....9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONMarket is the medium through which buyers and sellers interact with each other to selland purchase different goods and services. Supermarket is shop which offers different varietiesof food products and services. It provides more products than grocery store and allows people tochoose their products by their own. Tesco is large multinational company in England, UK. It iswidely spread in 12 countries of the world and has acquired third position in terms of profits(Baxter, Taylor, Kellar and Lawton, 2016). The originator of Tesco is Jack Cohen who has firstestablished its store as small market stalls.In this report, the main concern is given on following tasks which are as follows:Analysis of Tesco's business informationDifferent process that the organisation has used to collect business information system.Identification of four different areas where the firm can launch its business operations.Analysis of benefits of the company which it gained from customer's relationshipmanagement.Challenges of using internet for the business.Task ACritical analysis of business information system to support its business activitiesBusiness information system of Tesco plays an important role in outsourcing, businessalliances and new economy. It is used by the company to understand how information andcommunication technology can be used to enhance the business operations, firms value chains.These methods help the company to acquire and develop and deliver different products in theworld. Business information system helps Tesco to make use of data and minimize the workload. The company has to manage their data and information manually with reports and hardcopy formats (Beynon‐Davies, Jones and White, 2016). With the use of information systemthey can implement various databases to store their important and large amount of information.Information system helps the company to regularly update their data and informationabout their important clients, employees, business related information etc. It also assists thecompany in up to date with its performance, threats and opportunities. Further, this system assistTesco in making important decisions. Strategic plans plays an important role in providing longterm success to the firm. Strategic management team of Tesco taken help from informationsystem to formulate strategic policies and take effective decisions for company's prosperity. The3
company uses information system to examine the information from all the sources. Thisinformation and analysis assists Tesco to determine their position and quality of their strategicdecisions.Business information system also helps the company to in organising their businessoperations successfully. It removes the unnecessary functions and helps in simplifying thebusiness processes.Importance of business information systemThe information system consists of organising data, work activities and knowledge todevelop important goods and services. Tesco has used this system to compete with othersuccessful companies. It is an effective way to grow the business rapidly as it saves time, moneyand reduce work load.Avoid crises:This system helps when the company does not able to determine the share market and itsposition in the market and results in business crises. Further, it helps in evaluating the pastperformance and predict their potential crises (Brannon and Wiklund, 2016). Information systemare effective tools which help the company to track their performance and alerts them of crises inthe future.Data control:In order to keep the data confidential and safe, the company has to use advance technicalinformation system. MIS is the tool which helps the company to control their data and provideimportant information instantly when required. It helps in controlling the data and gives thesense of control over said data (Beynon-Davies, 2013).Information storage:Storage of important information about the business information, achievements andgrowth rate is very necessary. Tesco has used advanced information system to keep the data upto date by saving proper date and time information. Manual records of data will cost more to thecompany and consumes lots of time(Nemes, 2015).Perspective on Tesco future:Tesco has used MIS tool to build broader perspective to enhance the performance(Cadieux and et.al., 2017). The organisation can be helped through this system as MIS track thewhole company and helps in providing simple method to determine the independent processes.4
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