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

Tesco have been setting themselves objectives for many many years,which is why they are the no.1 retailer for groceries.

Extracts from this document...

Introduction

All businesses regardless how big or small must set themselves aims and objectives. Without them, the business may go bankrupt in a very short period of time. Tesco have been setting themselves objectives for many many years, which is why they are the no.1 retailer for groceries. An aim is generally known as expressing what a business sets out to do in the long term. An objective is a goal that the business hopes to achieve. People often get these terms confused with each other. Objectives are given great consideration and are set between everyone involved within Tesco. Individual targets are agreed which will ensure a contribution to the overall success of the organisational targets. The objectives must be specific which appears to be a slight problem with the objectives Tesco have set themselves. On the Tesco website it is not clear as to what exactly they are trying to achieve. Tesco would have to think what their objectives mean for a particular area or person within their business. Tesco would have to consider what outcome they want to get from these objectives and whether their view on the hopeful outcome is realistic. Tesco would have to look at their profit books and wage slips etc to prove if their objectives are being achieved. ...read more.

Middle

Tesco Personal Finance is now profitable and expanding in all areas. It is a success with customers as it brings new levels of service and value to the banking sector. Tesco's customers love Tesco Personal Finance because its value for money and its very convenient. Tesco.com has been a real success in Internet shopping as Tesco have already been branded as the number one Internet business for grocery. 3. Use our strengths to deliver unbeatable values to our customers Tesco try and do all they can to make sure that whatever they sell gives value to customers. This is so they don't lose their customers to their competitors who are selling their goods cheaper that Tesco. Tesco's main purpose is to create value for their customers to earn their lifetime loyalty. Customers have seen the value in Tesco stores and they are able to offer this by operating more efficiently, by purchasing goods more effectively around the world and by selling more products to customers. 4. Look after our people so they can look after our customers Tesco looked after their employees well so they can look after their customers because if Tesco do not look after their employees for example with pay rises, bonuses or profit sharing schemes then in turn they will not be motivated to help customers who are in need which will lead to Tesco's customers going elsewhere to do their shopping. ...read more.

Conclusion

For example in Thailand, Republic of Ireland and Europe. Tesco are also prepared to receive information from other businesses in different countries to help them succeed. This is why every Tesco stores are always at a high standard. 10. Enjoy work, celebrate success and learn from experience With this objective Tesco are telling staff they should enjoy working in Tesco. Tesco do this by giving them pay rises, bonuses and awards so their staff know they are acknowledging their staff. Tesco want to celebrate their success with their staff by shares given to them and other bonuses. Publicising their success by letting people seeing how well they are doing in places like their website. Telling others about their success for example how much they have made in that year. Learning from experience by making sure that they do not make the same mistakes twice. Overall Tesco have been successful at meeting their objectives. Their objective every day is to please staff, their customers and to be successful. Tesco are continually creating and improving the range of products so they give their customers more of what they want. Tesco are constantly trying to make their staff feel happy to work in Tesco with pay rises and awards. Clearly this is a good reason why Tesco have become the number 1 retailer in the UK because they have been able to achieve their objectives and run a profitable business. Daniel Simpson Task 2 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People 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 GCSE People in Business essays

  1. Dominos Pizza's aims and objectives.

    Face to face would take too long if the store were large. * Shop to shop This type of communication is done by the likes of: * E-mail * Telephone * Fax E-mail is probably the one that is used the most often.

  2. Functional Areas of Tesco

    This simply means that all separate functions in the business think of the customer first. Marketing staff try seeing what customers may want in the future. Tesco does lots of different things so that they are able to help meet the needs of customers.

  1. Free essay

    Aims and Objectives of Tesco and McDonalds

    Businesses need to do the same thing. They need to use these specific steps. They are called objectives. A business may try to: * Sell more products or services than any of its competitors. * Possibly provide industry or the general public with more services than the past year.

  2. What products and services do you think are at Drayton Manor?

    For every customer Whittlebury hall make sure that each few customers have a waiter each, this is a good idea because therefore the customers don't have to wait long for their food and drink they had ordered. Waiter service is located in all Whittlebury Hall's restaurants and all the caf´┐Ż's and bars.

  1. Shareholders - Tesco

    marked so that the customers don't get confused, cause congestion or be in any danger of traffic moving around the car park. This could have been asked for by the local community. There are several different types of parking spaces that clearly state where certain people can park, such as disabled, and parent and child.

  2. Methods used by Tesco to monitor if good customer service is taking place.

    Tesco's will accept any goods back within a limited period, providing the customer has kept the receipt, and will refund the money. Tesco's does not clearly explains the refund policy to a customer at the time of a purchase is made, and the importance of keeping the receipt should be

  1. Analyze and evaluate the strategic decisions made by Marks and Spencer (M&S) in different ...

    If the Littlewoods stores did not contribute much to the group's revenue, then M&S would suffer a severe loss in profit since he would have to invest a lot without any increase in sales. Unfortunately Greenbury made the decision to buy those stores.

  2. Training and development in Tesco.

    a point of contact where problems can be taken and advice given. Tesco introduces mentoring training to make the employees wanted and to build up their confidence. Everyone who works for Tesco has the benefit of focused training and development.

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