...Introduction and Background of Companies Tesco Tesco PLC is an international British general merchandise and grocery retailer and listed on London Stock Exchange as TESCO. The store was founded in 1929 and today it emerged as a world’s third largest retail store with more than 50,000 employees and 6200 stores. Tesco’s headquarter is located in Cheshunt, United Kingdom. Tesco has been functioning in 14 countries across Europe, Asia and North America. With the help of private label programme that are well established, Tesco engaged in producing high quality products. A key strategy because of that Tesco is on world’s third place in retail stores sector is that the company uses and believes in own-label brands which are well-targeted containing the up-market low-price ‘Value’ and ‘Finest’ labels. Morrison Morrisons Plc, also called Morrison Supermarkets, is the world’s fourth largest supermarket chain in the UK. It is on the list of FTSE 100 Index of companies. Morrison all over the world considered as one of best stores that provide fresh quality food products. The company was founded in 1899 by William Morrison and headquartered in West Yorkshire, Bradford, England. Along with 132,000 employees the company is functioning with approximately 500 stores counting 14 M Local Stores around the United Kingdom. The key strategy of Morrisons is the promise to offer its customers with exceptional quality, value and service. Financial Analysis Financial Overview of Tesco Tesco's share...
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... I am require to obtain a copy of Annual Report and other Financial Information to prepare a report about a selected company. The company I have chosen to base my report on is Morrison supermarket which is a public limited company. Company History The Company was founded by William Morrison in 1899, initially as an egg and butter merchant in Rawson Market, Bradford, England operating under the name of Wm Morrison Limited. His son, Ken Morrison took over the company in 1952, aged 21. In 1958 it opened a small shop in the city centre, followed by its first supermarket "Victoria", in the Girlington district of Bradford in 1961. In 1967 it became a public limited company listed on the London Stock Exchange. In 2004 Morrisons, which operated mainly in the North of England, acquired Safeway, another leading British supermarket chain which owned 479 stores, mainly in Scotland and the South of England. The acquisition quickly ran into difficulties caused in part by the outgoing management of Safeway changing their accounting systems just six weeks before the transaction was completed. The result was a series of profit warnings being issued by Morrisons, poor financial results and a need to revert to manual systems. [pic] [pic] Morrisons store in Consett, County Durham, a former Safeway branch The programme of store conversions from Safeway to Morrisons was the largest of its kind in British retail history, focusing initially on the retained stores which were freehold, over...
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...Module Assignment One 1.0 Introduction to the assigment - Morrisons The supermarket chain to which this report refers to is ‘Morrisons’; this is considered to be one of the big four supermarket retailers in the country and since its creation in 1899 has grown from strength to strength. Morrisons is a family run empire that first started as an egg and butter merchant in Bradford, as times progressed its first supermarket was opened in 1961 (also in Bradford), throughout the 1970s and 1980s the company diversified into distribution of stock, and in 1999 its 100th year of trading it also opened its 100th store. In 2000 its first store opened in Wales, and in 2004 they branched into Scotland. “The OFT said the big four supermarkets - Tesco, Asda, Sainsbury's and Morrisons - had built up their dominance of the food retailing business over the past six years.” , A sign of the times was when the company took over the Safeway’s Group ‘creating the UK’s fourth largest supermarket group’. At present there are more than 360 stores; several factories, distribution centres and head office administrative posts across the country employing over 130,000 staff and welcoming around 10 million shoppers each week; their mission statement is ‘to deliver the very best for less’ . 2.0 A review of the macro environment of Morrisons ‘Macro environment relates to the larger forces that have an impact on society as a whole and not just on one or a few organisations…the company’s macro-environment...
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...Measuring customer service • Colleague engagement • The benefits of customer service Introduction Morrisons was founded over 100 years ago, as a stall in Bradford market. It has been a family business for most of the time since. Under Sir Ken Morrison’s 55-year leadership, until he retired in 2008, the company grew steadily ‘from market stall to superstore.’ With over 450 stores, it is now the UK’s fourth largest food retailer. Amongst the large supermarkets, several features make Morrisons stand out and differentiate it from competitors. By promoting its ‘fresh approach’ and commitment to sustainability, customers become aware of the freshness of its food and its concern for the environment. Morrisons holds great control of its supply chain known as the ‘field to fork’ approach. As a result it possesses more control over the quality of its produce. This helps create a competitive advantage. Fresh produce is sourced locally wherever possible, which is then processed in Morrisons’ own manufacturing facilities. Fresh produce is delivered into its own temperature-controlled warehouses and packing plants in the UK and abroad. Produce is then carefully transported to stores nationwide. This vertical integration allows Morrisons to support local producers and UK farmers. Morrisons employs more specialist butchers, fishmongers and bakers than any of the other UK leading supermarkets. Morrisons’ fresh and innovative business focus is reflected in its approach to recruitment. In 2010 it...
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...difference” (Vozza, 2014). Morrison goes on to say “I believe you can’t lead others unless you have a strong sense of who you are and what you stand for” (Vozza, 2014). Part of the strategic vision for Campbell Soup Company is summarized in the company’s purpose of “real food that matters for life’s moments” (Campbell Soup Company, 2015). Back in January of this year Denise Morrison announced plans to restructure the company to better “align the organization of the company’s business operations with its core growth strategies” (Fry, 2015). With the old structure was organized by geographies or brand groups, with the new structure the business will...
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...Introduction This report is to analyse the capital structure of Sainsbury and Morrison. They are the top food retailer and grocery brand in UK market. These two companies use similar debt-equity structure both but with different leverage. Several measurements and methods are used to evaluate companies’ structure and financial decision, including D/E ratio, WACC, CAPM, M&M, Pecking order theory, trade-off, and free cash flow hypothesis. D/E Ratio Debt/Equity Ratio is a debt ratio used to measure a company's financial leverage level. (Investopedia, online) The ratio for these two companies for 2012-2015 is: Debt/Equity ratio | industry | 2015 | 2014 | 2013 | 2012 | Sainsbury | 0.47 | 0.5 | 0.46 | 0.48 | 0.48 | Morrison | 0.47 | 0.70 | 0.65 | 0.47 | 0.32 | The industry median is 0.47, which indicates that food retailing industry relies on debts to finance its assets. This capital structure is commonly used in food retailing industry. The benefit using debts will be referred in detail in this report. This chart indicates that Sainsbury’s D/E ratio does not change a lot in the past four years, whereas Morrison’s increase constantly from 0.32 to 0.70. Sainsbury maintained the level of leverage around the industry median level; however, Morrison went above that in 2014 and 2015. This ratio also reflects the company’s risk level. Sainsbury is in a moderate level, but the risk of Morrison rises as they finance the firm more and more based on debts. Weighted average...
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...brought about by implementation of rigorous monetary and fiscal government policies. For the last few decades, companies have witnessed severe effects of the recession; hence they had to develop new strategies aimed at retaining existing customers while at the same time soliciting new customers. Morrison Supermarkets (WM) has been a successful venture despite all the economic downturns that have led to the failure of large scale corporate businesses. The company has remained profitable and competitive while its competitors and other businesses operating in the same industry have greatly struggled to survive in the market. Background Morrison Supermarket was pioneered in 1899 by William Morrison in Bradford as a small business that served as an egg, as well as butter stall. Despite company starting from a humble beginning, it expanded rapidly in terms of its product portfolio, its structure and size. In 1967, the company had grown significantly and first listed on the LSE (London Stock Exchange). In 2008, Morrison supermarkets accounted for 11.8 percent of the entire share of retail supermarkets and was ranked the fourth smallest company of the big “four” supermarkets. However, the company has predominantly in Northern England until 2004 when it expanded its operations in the southern region of the United Kingdom after it acquired Safeway superstores. Since then, Morrison Supermarket has continued to develop significantly and...
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...Analytics (ARA) a research institute, this institute is going to do a research on consumer behaviors and attitudes towards Food Discount in Retailing by Wm Morrison in Greater London for providing the customer better services. This research will help the organization to take correct and concrete decision for the improvement of customer service for customer satisfaction. Amicus company ltd., Royal company ltd., and . Every company has some problem to operate business although these companies located in good places. These companies want to acquire customer satisfaction by improving customer services. So for better improvement in customer services, Abacus Research and Analytics (ARA) is doing a research for taking correct decision. Abacus Research and Analytics (ARA) collect their information from primary and secondary sources which are authentic as well as accurate, and necessary tools which are relevant to this research used to analysis and calculating data for taking right decision easily. Executive Summery In initial stage of a business decision makers or marketer should think about the situation and observe the business environment (macro and micro both) very carefully in which they are going to operate business. As customer is the king of the business so company should give much more importance on customer satisfactions. Company does...
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...Wn Morrison Supermarkets Plc is the fourth largest chain of supermarkets in the United Kingdom. It was founded in 1899 by William Morrison. Originally it started as an egg and butter stall in Bradford, England, the same location of it's headquarters. Morrisons opened it's first store within the town centre in 1958 and then opened it's first superstore in 1961 named "Victoria". Morrisons is part of the FTSE 100 Index of companies and has had a market share of 11.8% as of December 2008. This market share has made Morrison the smallest of the "Big Four" supermarkets behind Tesco (30.9%), Asda (16.8%) and Sainsbury's (16%). In 2004, Morrisons conducted a takeover of Safeway which propelled the business becoming the fourth largest supermarket in the UK with currently over 400 stores and 132,000 employees across the business. The Morrison family currently owns around 15.5% of the company. Strategy Plans The organization is concentrating on increasing clientele for the business so they are preparing and using different techniques with their main focus on offering fresh foods such as fresh fruits and fresh vegetables. The organization has it's own packaging factory and they are trying to offer various types of packaging meals, for example pizzas, pies, cooked meats, and sausages as well as packaging dairy products and bread. The organization acquires it's resources straight from the butchers. This is considered a great strategy technique for the organization. Their aim is to provide...
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...several group in society, offering products ranging from “Tesco Value” data in “Tesco Finest” This enlargement of the recourse was winning and saw the chain grow 500 stores in the middle of 1990s to 2500 fifteen year beyond. Tesco Plc is listed on a stock exchange market and is included in FTSE 100. Market capitalization is around £18.100.000, such as at April 2015, 28th greatest from any company with a primordial listing on London Stock Exchange. The key issue company can face when choosing to operate under the cost model is that due to low profit margins grocery retailers become more vulnerable to external circumstances, such as financial crisis or natural disaster, and does not have sufficient capital to cover expenses. By undertaking a research of the industry, I have identified three comparator companies Morrisons Plc , Aldi and Waitrose . I have chosen Morrisons as a main comparator for the following reasons: company operates within the same industry, serves similar product with bases in UK and Europe. have chosen Morrisons as a main comparator for the following reasons: company operates within...
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...William Murduch Morrison back in 1899 starting as a wholesale egg merchant, then changed into a retail organization after becoming a private limited company. The company’s breakthrough happened during the 1960’s when Morrison’s first supermarket was opened, then followed by two other supermarkets, and during that period the Morrison’s ‘M’ logo was designed. More business grow occurred by the acquisition of Whelan Discount Stores and the development of new headquarters and other facilities, the business grew until to a point where the warehouse and distribution centre has become too small in the 1980’s, where the decision came to open a new warehouse, and continue the development (Williamson et al, 2004). As the corporate strategy of Morrison is not cleared by the organization itself in the case study (Williamson et al, 2004), but that does not mean they do not have one, all organizations do. A simple explanation of Morrisons corporate strategy is to be a specialist in food for all level of consumers, by focusing on three main values which are the freshness and quality of food, value of product, and service. Business Strategy Ansoff Matrix Ansoff matrix can help in screening options to business growth in the industry and choose the best option considering different situations (Internet). Generally in the supermarket industry the four strategic approaches can be analyzed and show ways to make growth in the business. Market penetration in the UK can help the company grow organically...
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...businesses I’m going to be talking about are Morrison and Make a Wish. First I will be talking about the functional areas of the two businesses. Then what factors influence the developments of internal structures. I will also talk the span of control and interdependencies between the functional areas. Functional Area Functional area is when a employees who share similar skills and knowledge in a certain are put together to form groups, for example the sales and marketing, human resources, finance and accounting, etc. All the people working for each of those departments would be specially suited for that role. Morrisons Functional Areas Human Resources The Human Resources department works with other departments across the functional area of Morrisons. However their main task is staff whether it’s recruiting them or sacking them. Once they employ staff, they need to provide them with the right training so they know what they’re doing. The HR department also plays a big role when it comes to employee health and safety and wages; any health and safety issues have to be followed by all staff or they’ll have to face the consequences. An example of when the HR department has to step in is when employees are not satisfied with their wages; they would need to speak with the HR department about an outcome which would satisfy both parties. Finance The financial department plays a massive role when it comes to the success of Morrisons. They are the department that control what is...
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...EEOC Presentation Terrious Simmons SOC/315 September 22, 2014 Donald Walker EEOC Presentation A press release was issued on behalf of the Equal Employment Opportunity Commission (EEOC) in regards to a federal lawsuit against a Concord, NC franchise restaurant Chick-fil-A. The lawsuit states that Heather Morrison was discriminated against for a job at the restaurant because she was six months pregnant at the time of interviewing for a job. According to the complaint filed by the EEOC, John Charping a manager at a local Chick-fil-A there in Concord, NC refused to hire Heather Morrison because of her pregnancy. Morrison stated that during the interview she was subjected to answer inappropriate questions about her pregnancy such as how many months she had been pregnant, her plans of childcare when the she delivers the child, and how much maternity leave will she require to take. Morrison stated that she felt the questions were inappropriate, but answered the questions because she wanted the job. According to the complaint, the owner of the restaurant called Morrison three days after the interview and informed her that she was no longer considered for the job and to call back after she delivered the child and childcare was in place ("Chick-Fil-A Faces Pregnancy Discrimination Lawsuit", 2013). The case, Equal Employment Opportunity Commission v. John Charping d/b/a Chick –fil-A at Concord Commons, Civil Action No.1: 13-CV-00535 was filed because of the violation of Title...
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...Business Administration Graduate Program Project Management Helps IT Group Grow More User-Friendly Study Case # 1 By: Karla M. Ramos Y00047695 BADM 5100 Profa. Olga Maldonado Our case study introduces an emergent problem faced by Capital Region Health Care (CRCH) in regards to its Information Technology Services (ITS) group. The article presents the current work mechanism used by the ITS unit on their beeper system, thus unveiling the lack of organization within the unit. The problem seemed to arise from the fact that the ITS group was fundamentally a technology-driven shop, the lack of communication between the group and its users and the absence of knowledge about the human. After many incidents had taken place the CIO, Deane Morrison, took noticed and decided it was time to change the culture of the ITS group and branch into a more customer service oriented system. In order for us to tackle this organization scarcity of customer service, we must understand what is organizational behavior. Robbins and Judge (2011, p.43) describe it as a field of study that investigates the impact that individuals, groups, and structures have on behavior within organizations, for the purpose of applying such knowledge toward improving and organization’s effectiveness. Another important concept we must understand is that of organizational culture, Robbins and Judge (2011, p.555) describe it as a system of shared meaning held by members that distinguishes the organization from other...
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...sector in UK has started as a fundamental part of the retail industry, that leading the food retailing (Shitti et all, 2006, P.94). The supermarket sector has an essential influence on the retail industry. The UK supermarket sector is led by few companies, Tesco, ASDA, Sainsbury, Safeway, Morrison and Co-op Group that control over 50% of grocery retail. A shift in consumer lifestyle has changed retail industry to offer a diversity of services. (Agriculture and Agri-Food Canada)) The UK grocery has been classified with a wide range of formats including Hypermarkets, Superstores, Discounters and Convenience stores. Generally, food retailers were developed from a highly simple source then they established a sound successful business, interspersed by failure (Williamson et al. 2004). The UK competing supermarkets in the retail industry are; 1. Morrison The supermarket was established in 1899 by William Morrison. In 1962, he purchased the Victoria Supermarket out of town. The growth of Morrison went steadily to increase their stores from 45 in 1990 to 81 in 1996 located in towns that close to main roads. It has been regarded as a leader in Sale-Based Ordering (SBO). Customers consider Morison chains as price competitive. Morrison is considered as the pioneer in feature of Market Street 2. Tesco It is classified as the market leader in grocery retailing that reached 545 outlets by 1996 guided by formula ‘pile it high, sell it cheap’. Tesco had two SBO systems, one...
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