Tesco: Company Background, History, Aims, Challenges, and Achievements

This presentation provides an overview of Tesco, including its company background, history, aims, challenges, and achievements. It also includes an analysis of external factors affecting the organization.

Tesco

Table of contents
• Introduction
• Company background
• Company history
• Aims and objectives
• Challenges and achievements
• Internal structure
• External analysis
• Conclusion
• References

Introduction
Business organizations are the entities that are aimed to earn
maximum profit. There are different types of businesses that
has been classified on the basis of their size and scope.
Despite of their size, each has a sole motive to maximise
their profitability and generate revenues so that they can
grow and survive in the market and raise the standard of
living of the people. This PPT is based on Tesco where it
includes background and history of organization, it's internal
structure, aims, challenges, achievements of Tesco and the
analysis of external factors

Company Background
Tesco is the multinational
organization which deals in
groceries and the general
merchandise. It is in retail industry
that is headquartered in England
and was founded in the year 1919.
It has been listed on London Stock
Exchange. It has approximately
more than 7000 shops across all
locations and it serves in the area
such as United Kingdom, Hungary,
Ireland, Slovakia and many others.

Company History
Tesco was founded by Jack Cohen in the year 1919. He
started with the market stall in London and the name of
Tesco appeared firstly in the year 1924 when Jack purchased
the shipment of a tea. Then in the year 1931, the first shop of
Tesco was opened in Barnet and rapidly the business started
to expand and in the year 1939 there were approximately 100
shops in the whole country.

Aims of organization
The mission statement of Tesco is to make what matters
better for all. Its mission is to become champion for the
consumers by helping them in order to enjoy a quality of life
and the easy manner of living.
The vision statement of Tesco is to become highly valued
business by customer, colleagues, community and
shareholders so that it can earn the loyalty and trust from
them.
The objective or aim of Tesco is to provide electronics,
clothing and grocery goods to the customer and provide
services on online platform. It is aim to develop online
shopping experience so that if they became successful in it
can attract more consumers.

Internal Structure
Tesco follows hierarchical
organizational structure
where there are 11 members
in its executive committee
that is led by the group chief
executive. It follows this
structure so that its large size
is reflected. Even at its store
level, there are many layers
of management.

Challenges and Achievements
There are many achievements as well as challenges being
faced by Tesco in various fields which includes the
following-
Caring for environment
• Achievement- Tesco has put the carbon labels on its 100
own products across the UK which includes detergent,
orange juice and the potatoes. It has even opened the new
format environment store in Manchester which has
approximately 60% less carbon footprint and now all the
new stores follow this.

External Environment
External factors are those
which influence the working of
the business and they are not in
control of the organization. It is
very essential for Tesco to
analyse its macro
environmental factors in order
to make efficient decision for
the growth and success of the
organization.

Conclusion
It is concluded from this PPT that Tesco is a large
organization that deals in retail industry. It deals in different
product lines so that it can serve customers with every
possible aspect. Moreover the objectives of the organization
are aligned with its vision and missions so that every
employee can work to achieve it.

References
• Pepple, D., Zhang, C. and Ofoma, C., 2021. Managing
Redundancy. Financial and Managerial Aspects in
Human Resource Management: A Practical Guide,
Emerald Publishing Limited, pp.75-83.
• Upadhyay, A., Kumar, A. and Akter, S., 2021. An
analysis of UK retailers’ initiatives towards circular
economy transition and policy-driven directions. Clean
Technologies and Environmental Policy, pp.1-9.
• Hensmans, M., 2021. The innovation pyramid: five
approaches to strategic decision-making. Journal of
Business Strategy.