• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Business Objectives of Tesco PLC.

Extracts from this document...

Introduction

Business Objectives E2 A Company Mission Statement (CMS) is a qualitative statement of an organisation's aims. It uses language intended to motivate employees and those within the firm and convince customers and suppliers and those outside the firm of its sincerity and commitment. Tesco PLC has a Company Mission Statement, which is also represented as an image. This statement is at the centre of all, which Tesco do. . "Creating value for customers, to earn their lifetime loyalty." Tesco have two values that force the way they do business, which are: No one tries harder for customers: * Understand customers better than anyone * Be energetic, be innovative and be first for customers * Use our strengths to deliver unbeatable value to our customers * Look after our people so they can look after our customers Treat people how we like to be treated: * All retailers, there's one team...The Tesco Team * Trust and respect each other * Strive to do our very best * Give support to each other ...read more.

Middle

It tends to be a medium to long term and set in order to coordinate business activity, guides the actions. Tesco have resent objectives which they are working on to achieve such as: * To become a satisfying place to work by giving their staff the opportunity to be themselves, actively encouraging their health and well being and support their work/life balance needs. * Tesco's target is to expand their sale of organic produce to 1 billion pounds over the next five years. * Tesco now have a 5% market share in Non-food business. Their goal is to be as strong in non-food as in food. Tesco have many objectives in the past, which included: * Tesco's target is to expand their sale of organic produce to 1 billion pounds over the next five years. This could be done by supplying more organic products, which therefore will increase the number of customers for organic products, and leading to an increase in sales. ...read more.

Conclusion

* Grown profits by 87%. Tesco have many customers who are satisfied with their products, therefore purchasing more of their products. In this case they are supplying and selling more and therefore making profit. * Grown UK sales by 66%. I know this because the total UK sales for the fourteen weeks ending 15th November were up 14.6% including 4.3% from T&S Stores. Tesco also continue to see some petrol inflation. Non-food goes from strength to strength. There clothing offer continues to grow at more than six times the market rate, with sales up 34% in the quarter. * 3m new customers. Tesco have expanded their business in many countries and there fore have gained many new customers. * Moved from market leader in 1 country to 10. For this I found a quote from Mr. Gordon Fryett, Chief Executive saying; 'Tesco is one of the world's leading retailers operating almost 1,000 stores in 10 countries worldwide including, Ireland, United Kingdom, Hungary, Poland, Czech Republic, Slovak Republic, Thailand, South Korea, Taiwan and Malaysia. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. Business Aims and Objectives.

    Year of Number of Sales area Planned store entry stores (million sq ft) openings 2006/07 UK 1,897 25.9 153 Czech Republic 1996 35 2.5 44 Hungary 1994 87 4.3 30 Poland 1995 105 4.8 39 Rep. of Ireland 1997 91 2.1 8 Slovakia 1996 37 2.3 10 Turkey 2003 8

  2. In this assignment I am going to produce a detailed business report on a ...

    goes to the entrepreneurs. These factors must be combined in the most efficient way for the organisation to achieve its objectives. All organisations must carry out a number of separate functions. These functions put together constitute the business system of the organisation.

  1. In this coursework I need to produce a detailed business report on one medium-sized ...

    * Improved customer service - customers are important! * Improved productivity. There is no need to label each item with its price, which can now be displayed on the shelf edge near to the product. Removing separate weighing stations removes the need for a manned point in the produce department; customers move through the checkout faster.

  2. 1. Explore the role of management in achieving organisational aims and objectives.

    2006 which will mean that work begins at the end of May 2006. I have chosen this date because I believe that it is an ideal opportunity for the store to open when people want to start buying Christmas gifts.

  1. E2: describe and explain the objectives of the business

    It is declining due to large organisations that can purchase in bulk and sell more cheaply. Cooperative has limited liability and they can appoint a board of directors and also societies are regenerated under industrial and provident societies. However unfortunately financial organisation do not like lending money to cooperatives because

  2. Ao1 : aims and objectives

    Tesco's have met their aim to maximise sales and improving the quality of their products and services as they give out surveys and questionnaires to customers to see where their weaknesses are and how they can improve. They recently had met their quality aim as they introduced ranges of Tesco brand; one including Tesco Finest.

  1. Cadbury Schweppes plc is a confectionery and beverage company with its headquarters in London. ...

    There is just not enough space. This structure is hierarchical. Cadbury has more than one management style. This is so it has the best management. This is in terms of efficiency, training, and knowledge and to focus more on the loyalty of the workers in Cadbury.

  2. Business at Work - BT plc

    How successfully the business is meeting its objectives: The corporation known as BT plc it self is successful which is in fact meeting its objectives by the increase of the service given to other businesses and residential customers. Not only have they focused on the service but on improving customer

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work