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Businesses on Our Doorstop

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Submitted By amyysutt
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BUSINESSES ON OUR DOORSTEP
BUSINESSES ON OUR DOORSTEP

The first of the two local businesses I will be reviewing is Tesco. Tesco is a public limited company (PLC) founded by Jack Cohen in 1919. It is the biggest food retailer in the UK, It also offers a lot of non-food products including; insurance, electrical equipment and entertainment, and it is also one of the biggest retailers in the world. Tesco’s has roughly 2000 stores in the UK and over 280,000 employees working in those stores – Tesco is defined as a global store due to the growing number of international stores including; china, Czech republic and Ireland etc. ‘Tesco Finest’ and ‘Everyday value’ are Tesco’s biggest food brands and sell over £1 billion per year. Tesco is a focused business and have a constant core vision whilst the strategies and practices of the business frequently change to adapt with the world around them. Tesco’s vision has five elements; to be wanted and needed around the world, to be a growing business full of opportunities, to be modern innovative and full of ideas, to be winners locally whilst applying their skills globally, to be inspiring earning trust and loyalty from customers, their colleagues and communities. Tesco’s core purpose is ‘we make what matters better, together’. Their key values are; no one tries harder for customers, we treat everyone how we like to be treated, we use our scale for good. The stakeholders of Tesco are; the customers, they have an interest in Tesco because they have an interest in the products, they also want Tesco to be producing products that are of a high quality, this links in with two of Tesco’s core values, that they are winners locally and that they earned the loyalty and trust from their customers ; Employees, they’re interested because they work at Tesco and want to be guaranteed a job, a good promotion and good rewards for their

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