UNIT4: PRESENTING BUSINESS INFORMATION

TESCO PLC “Pile 'em High, Sell 'em Cheap”

INTRODUCTION

Tesco was founded by Jack Cohen in 1919s', after serving in the first World War, Jack Cohen used his savings and started selling groceries in London East End markets. Tesco was founded in 1924. The name was based on the initials of T E Stockwell, a partner in a firm of tea suppliers, and the first two letters of Cohen. In 1929, the first store was opened in Edgware, North London. The business prospered and in 1947; Tesco Stores Ltd was floated on the stock exchange. In 1956, the first self-service supermarket was opened.  Jack Cohen passed away in 1979.

Main activities.

  • Selling Grocery
  • Non-food products
  • Charity
  • Financial Services
  • Insurance Services
  • Telecom
  • Tesco.com

Task 1(P1.M)

Select information from a range of sources for a given purpose and explain way in which more accurate business information may be produced from raw data:

The purpose of information to Tesco is identified as:

  • To monitor performance of the business.
  • To be able to know about their competitors activities.
  • To update knowledge in to future advancement and development.
  • For making decision.
  • Communicating sales promotions.
  • Inviting support for activities.
  • For consumer, suppliers, local community, government etc, in order to know more about the business. In case someone is willing to put any shares into the business.
  • To take their staff as their best asset and Tesco depend on the skills and commitment of their staffs. Tesco aims to be a good employer, attracting and retaining the best staff and making Tesco a rewarding place to work.

However, if Tesco was to have invalid information or inaccurate data, it wouldn’t make any purpose neither to the business nor to the outsiders, such as customers ect. The information needs to be valid with a relevant and accurate purpose and meaningful to the business.  Information validation is very essential. This is where in this task it would be very useful to Tesco if I would check the source, error management, policy development, and integrated evaluation

Explain ways in which more accurate business information can be produced from raw data:

  • Qualitative sources are primary data, they involve the use of qualitative data, such as interviews, documents, and participant observation data, to understand and explain job specifications.

  • Quantitative sources are the systematic scientific investigation of quantitative properties and phenomena and their relationships. Quantitative research are secondary data, this kind of data has to do with numbers and figure like accounts, but not letter or words this kind of data is that has already been gathered and this could be the number of people who are to turn up for the interview, staff turnover, staff who are taking holidays, organisation’s financial annual report, tesco group sales, tesco number of stores etc. all this information is collected from the raw data to be processed.  
  • Internal sources of information that is exchanged with-in the organsation, it is the linked between different departments such as:

 The financial department who might send the Human resouces people that there is a group of people in the finance department who might need trainning.

  • External sources of information comes from outside the company. The external information for the Human Resources department might be the applicants CV that he provides for the interview.
  • How Tesco competes by collecting accurate information: They do give people opportunity to download on their E-mail about any kind of information that could be positive or negative about the business. This is gathered as raw information and enables Tesco to understand what people talk about them.  This role is practiced by the marketing department called “Email Tesco and competition commission”

Once this information is collected it helps Tesco:

  1. To understand its market and its customers.
  2. To identify market segmentation of their customers.
  3. To enable them to tailor their marketing to meet customer needs.
  4. To identify their threats and weaknesses

Features of information:

These could be internal, external, secondary, primary qualitative and quantitative ect. They are part of the types of source of information. Where by internal sources of information is obtained within the organisation. E.g.finance and marketing. It is more like personal. And whereas external sources of information, is obtained from the outside of the business. For example newspapers, TV, radio, library, different company reports, leaflets, magazines and so on. The types of information that may be needed from Tesco are:

  • Data sheets.
  • Personal data resources.

Speaking of primary and secondary sources of information, the examples are as follows:

Primary sources                                           secondary sources.

- Person                                                   - reference material

- Interview                                                        - book.

- Email contact                                        - CD Rom.

- Event                                                 - video tape

- Discussion.                                                    - Magazines.

- Survey                                                - newspapers

There are ways in which more accurate business information may be produced from the raw data selected in task 1. One way to perform raw data/information usefully, accurately and meaningfully is by manipulating. When we say manipulation, it is meant that there will be sorting, re-arranging ect. Processing methods such as copy, and paste source, mathematical manipulation, graphical manipulation, and data handling are useful in manipulation. And these methods are assisted by application such as Microsoft word, excel, PowerPoint and so on.    

RAW DATA/INFORMATION

Financial Department.

Here is an overview of our financial performance. More detailed information is available in the .

The purpose of this financial statement to Tesco is to view the success of the business.

Here is an overview of our financial performance. More detailed information is available in the .

FINANCIAL CALENDER: 2001-2005

TASK 2:

There are ways in which more accurate business information may be produced from the raw data selected in task 1. One way to perform raw data/information usefully, accurately and meaningfully is by manipulating. When we say manipulation, it is meant that there will be sorting, re-arranging ect. Processing methods such as copy, and paste source, mathematical manipulation, graphical manipulation, and data handling are useful in manipulation. And these methods are assisted by application such as Microsoft word, excel, PowerPoint and so on.    

                                MANIPULATION

                                Financial Department.

Financials:

This is an over view of TESCO financial performance.

Manipulation:

Financial results have been put into a table form. It has been manipulated by font sizes. From 10 to 12, font type from Times new roman to Book Antiqua. This is how the information has been re-arranged. The margins were adjusted in order to make it neater. This information before it was manipulated; it was collected from resources such as Tesco web site.

FIVE-YEAR FINANCIAL RESULTS {SUMMARY}

Here the information has been re-arranged. The font size and font style and been changed as well. This is because of the way it was formatted. It was not neat enough for the audience to read, So I decided to present it this way, looking useful and meaningful to any reader.  Some unnecessary rows were deleted as they were occupying space.

Join now!

Manipulation:

Processing methods that are being used are, copied and pasted from source. Then this source is being manipulated with Microsoft excel, and word. This is where the pie chart and table was formed. Now the information is ready to be read and summarised.

FINANCIAL CALENDER 2005:

Manipulation:

This data has been manipulated this way in order to look presentable, with clear and easier understandings. Only excel was used so that it could be formatted. Ascending order, change in font size and font style were the major changes. Some cells were deleted in ...

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