Evaluating Tesco's Digital Transformation and eBusiness Principles

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This report provides an in-depth analysis of Tesco's eBusiness principles and digital transformation strategies. It begins with an overview of Tesco, a leading UK supermarket chain, and explores its adoption of digital technologies to attract customers and gain a competitive advantage. The report evaluates Tesco's digital transformation process, examining its use of various digital platforms, online services, and marketing techniques. It highlights the importance of adapting to the changing retail landscape, including the rise of online shopping and the impact of the COVID-19 pandemic. The report also delves into the key areas of Tesco's digital transformation, including strategy, front-end operations, and back-end processes. Furthermore, it discusses various retail strategies such as convergence, customer centrality, and co-creation. The report concludes with several recommendations for Tesco to further enhance its eBusiness operations, including the adoption of omni-channels, reinventing physical stores, and leveraging digital techniques to improve customer experience and operational efficiency. The report leverages academic sources to support its claims and provides a comprehensive overview of Tesco's digital transformation journey.
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Managing the Principles of e-
Business
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Table of Contents
INTRODUCTION...........................................................................................................................3
Tesco Overview: ........................................................................................................................3
Evaluate digital transformation process within the organisation................................................4
Recommendations ......................................................................................................................7
CONCLUSION...............................................................................................................................8
REFERNCES...................................................................................................................................9
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INTRODUCTION
Managing principal of E-business is process which including various digital tools and
techniques utilising by company in order to attractive large numbers of customers. Organisation
adapting digital transformation process which result as renovate operations, functions, products
and services (DRAJAT, 2020). The report is about Tesco which is one of the famous
supermarket in UK and providing wide range of products and services. The paper consist is
industry overview which are refers to retail industry as well as digital transformation process in
order to organisation enabled effectively which result as targeting large numbers of customers.
Further, it involves providing recommendations in order to improving effectiveness of company.
Tesco Overview:
Tesco is one of the leading supermarket chain which is headquarter situated in Welwyn
garden city, England. It is providing wide range of products and services to customers. It is
dealing in clothing, food and grocery items. It is including expanding their business in another
countries in order to attracting large numbers of customers. Tesco was founded by Jack Cohen in
1919 market stalls in Hackney, London. It is utilising advanced technology in order to attracting
large numbers of customers as well as gaining competitive advantages. It includes expansion
their business operation in other 11 countries such as retailing of books, clothing, electroninc,
furniture, toys, petrol, software and internet services. It is utilising effective strategies which are
helps to attracting large numbers of customer and increasing customer segment. It includes
dealing in various products and services so using effective promotion strategies and digital
marketing such as promote products such as What's app, you tube, Instagram, twitter and
Facebook. It involves using various digital programmes in order launching new products and
services globally (Flak, 2020). There are utilising various software which refers to easily
providing products and services to customer. Tesco capturing huge market share at market place
due to enhancing their profitability and productivity of company. There are ample numbers of
competitors are present at marketplace such as Asda, Sainsbury, Morrisons and many other so
accordingly formulated new strategies which helps to developing image in the mind of
customers. It involves ample numbers of retail store in many countries which providing wide
range of products and services. Tesco is one of the famous supermarket which refers to listed on
London stock Exchange and they generated third highest revenue in the world.
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Evaluate digital transformation process within the organisation.
Tesco is one of the greatest supermarket chain in United Kingdom so utilising various
technology in order to attracting large numbers of customers. It including various products and
services such as clothing, food and grocery items. It also providing online services to customers
so easily reached products and services to customers (Hutchins, 2019). There are using various
digital platforms in order to launching new campaign regarding products and services which
result as targeted large numbers of customer. It including expand their business operations and
activities in another country so serves the more customer and they conducting market research so
know about the customer taste, preferences and market trend on that basis providing products
and services. It is utilising various tools and techniques which helps to achieving customer
satisfaction. There are ample numbers of competitors present at market place so using digital
strategy in order to enhancing their profitability and productivity of company as well as
established online network and distribution strategies in order to products and services easily
reached to target audience. Retail industry effectively adapting digital transformation in order to
providing new shopping experience for customer such as raising numbers of smartphone users,
favourable demographics areas and efficiently using digital infrastructure. In relevance of Tesco,
it includes organisation established new technologies, software and physical assets as well as
facilities in real time. It involves adapting effective decision so perform advanced and exploit the
new opportunities in the market. It refers to digital revolution including changing pattern
products, designed, innovations and creativity which are delivers to customers. They are
including various platform in order to rapidly development of digital infrastructure and digitally
transfer money payments such as E-wallets, paytm, Google pay and many others. It involves
retail stores presence of omni-channel retailers as well as organisation huge investment of
amount in order to digital growth along with organisation using various tools which helps to
analysis the macro-environment factors (Kaufmann, 2020). It is factors which government, laws
and regulation which organisation adhered to follow such because it helps to survive for longer
period of time. There are various which organisation followed with the help of this effective
digital strategies are followed. Tesco is providing wide range of products and services. It refers
to organisation effectively established digital transformation system so provides various
opportunities such as retailers acquire new customers, developing healthy relationship with
existing customers and also reducing cost of operations as well as providing healthy working
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environment for employees so effectively performed the work and activities. Tesco mangers
helps to improving employees motivation and providing various benefits which result as
smoothly run business operations and generated higher revenue (Kulik, 2019). Digital
transformation process effectively utilising by company because it focused on three areas which
are discussed below.
Strategy-: It including various factors which including organisation effectively adapting
segmentation, positioning, operating formats and business model and activities.
Front end-: It focused on the customers such as operations which refers to store front,
merchandising, promotions, customer experience and build strong network so loyalty towards
the products and services. It involves marketing and communication strategy which are
delivering to customers regarding products and services.
Back end-: It involves various distribution channel such as supply chain, logistics and
warehousing. In context of company, it including digital transformation such as procurement &
vendor management, assortment mix & planning for peoples and finance automation.
It includes company collecting data, processing, managing and sharing data in large
quantities so business model accordingly design the business structures (Markoska, 2019).
Organisation formulated various retail strategy in order to effectively utilised digital technology
so which are mentioned below.
Convergence-: Organization utilising this strategies in order to innovation and
developing new boundaries and sectors which result as formulated payment system such as retail
sectors in order to effectively implementing new capabilities and abilities to perform the
functions.
Customer centrality-: Organisation focusing on customers needs and demands of
customers so accordingly developing effective organisation structure which result as used digital
technology so data easily transfer from one platform to another and retailer easily analysis the
detail of customers and providing customize services to customers.
Cooperation-: It is process which refers digital revolution that helps to combines
competition with collaborations. Supplier and retailers plays vital role in order to they are
working with together and managing work with the limited resources and deliver the best
services to customers. For example, it consider as future group and Flipkart.
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Co-ownership-: It is including refers to digital process which are helping in order to
monitor and controlling quality of products and services in order to increasing opportunities for
retailers because they cannot compromising with the brand promise and sharing investment with
their partners.
Co-creation-: It includes companies developing digital platform so it interconnected with
their peers which result as more willing to share experience and interaction with others regarding
products and services. In relevance of company, it including various retailers which are digitally
connected and enhancing their profitability and productivity of company. It involves customer
care department takes feedback of customers in order to opinion, review so create the
proposition and it helps to managing their business (McKee, 2019).
Continuous learning-: It is process which including artificial intelligence which refers to
easily taking feedback for customers in order to providing best service experience to customers
so they are loyal towards the products and services which result as achieving satisfaction level. It
involves providing superior customer service as well as effective operation system. Digital
techniques used to established online delivery on each customers.
In present environment technology changes very first so organisation effectively used
digital platform which result as changing business models in order to physical outlets are
converted into virtual stores. Retailers used this system and implementation effectively and
efficiently which easily beat the competitors and capturing market share. Due to COVID-19
pandemic situation customers increasing purchasing through online or virtual stores (Mirarchi,
2019). Online shopping trend are increasing because products and services offered to customers
at minimum prices and provides various seasonal discount. Most of business model used various
technology such as mobile, cloud computing, social and big data.
Therefore, it including various technologies, tools and techniques which are utilised by
organisation in order to performed the services and functions of company. It involves various
process which result as retailer smoothly conducting business operations and achieving
organisation goal and objective of company.
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Recommendations
First recommendation is it refers to organisation making omni channels which helps to
providing best experience to customers. There are various channels which effectively adapting
by organisation in order to conveniently reached products and services to customers. It includes
brick-mortar stores, mobile shopping, social media and market place so easily touch to the
customers. It is process regarding that digital transformation easily developed in organisation
with the helps of omni channels.
Second recommendation is organisation used the effective business model so easily
changing their process and enabled the digital transformation process in order to retailer
providing best solution to customers regarding products and services.
Third recommendation is reinventing physical retail stores with the help of using digital
techniques because customers increasing purchasing through the online stores (Schulzer, 2019).
It is effective transformation process which physical stores converted into virtual stores which
helps to enhancing profitability of company. Organisation using various technologies in order to
conducting smooth operation and information flow effectively such as artificial intelligence,
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cloud and computing. Organisation using this techniques so customer easily access into 24/7,
personalised product suggestions, customer feedback and preferences, managing data inventory
and fulfilling customer needs and wants.
Further recommendation is retailers using this system so shoppers used to self service,
self-checkout, and easily finding information which result as all the transactions with the mobile
POS or self-checkout. It including customers wants information related products and services so
easily getting information with the help of this techniques. It involves customers easily touch to
the shoppers and personal contact in the context of information of products and services. It
including shoppers getting the full information of products such as features, attributes and prices.
Organisation using this tools and techniques so developing innovative products and services in
order to fulfilling the needs and demands of customers. It refers to providing excellent customer
experience which result as gaining competitive advantages at marketplace. In including digital
transformation process system which helps to enhancing profitability and productivity of
company (Untari, 2020).
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Retail stores used digital platform in order to promoting their products and services so
accordingly used social media platform such as Facebook, twitter, Instagram, you tube and many
other. It including various channels and network so organisation with the help of digital way
enabled effectively in order to attracting large numbers of customers.
CONCLUSION
From the above report it has been concluded that, it is one of the leading organisation
Tesco which is situated in United Kingdom in order to providing various products and services
under one roof. Digital process is way which most of organisation using in order to providing
innovative products and services to customers. It involves this industry using digital
transformation process so helps to enhancing profitability and productivity of company. It is
process which effectively adapting by company in order to achieving success and growth of
company.
REFERNCES
The books and Journal
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DRAJAT, P.S., 2020. EFFECTIVENESS OF DIGITAL BASED ON ENTREPRENEURSHIP,
MANAGEMENT–STARTUPS (CASE STUDY IN PONDOK. International Journal of
Psychosocial Rehabilitation, 24(06).
Flak, O., 2020, February. System of Organizational Terms as a Theoretical Foundation for Team
Management Automation. In Proceedings of the 2020 The 6th International Conference
on E-Business and Applications (pp. 121-127).
Hutchins, G., 2019. Supply Management Strategies. Greg Hutchins.
Kaufmann, G., 2020. Examining Prior Research of Lean Management. In Aligning Lean and
Value-based Management (pp. 77-105). Springer, Cham.
Kulik Bokun, M.B.A., 2019. Defining grounds in literature findings for a business model
framework: an online community portal serving to a niche market or a particular interest
group. FIP-Financije i pravo, 7(2), pp.75-97.
Markoska, R., 2019. Managing ICT solutions for training and evaluation of C++ programming
skills in e-learning ecosystem. New Trends and Issues Proceedings on Humanities and
Social Sciences, 6(7), pp.33-41.
McKee, J., 2019. Architecture as a Tool to Solve Business Planning Problems. In Advanced
Methodologies and Technologies in Business Operations and Management (pp. 157-
172). IGI Global.
Mirarchi, C., 2019. A spatio-temporal perspective to knowledge management in the construction
sector. In New Frontiers of Construction Management Workshop (pp. 20-27).
Sahoo, B., 2019. Web Marketing and its Applicability in Library and Information
Services. International Journal of Library and Information Studies, 9(2), pp.90-97.
Schulzer, M., 2019. Restructuring an organisation's asset management system. In WEC2019:
World Engineers Convention 2019 (p. 1473). Engineers Australia.
Untari, D.T., 2020. Ecotourism; Implementation of Security Management Concepts. Journal of
Economic Development, Environment and People, 9(1), pp.79-82.
Waters, C.D.J., 2019. Logistics: an introduction to supply chain management. Red Globe Press.
Yulianti, D., 2019. The Synergy Among Stakeholders to Develop Pulau Pisang as Marine
Tourism (The Case of Underdeveloped Area). Masyarakat, Kebudayaan dan
Politik, 32(1), pp.16-23.
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