UNIT4: PRESENTING BUSINESS INFORMATION

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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:

- To understand its market and its customers.

- To identify market segmentation of their customers.

- To enable them to tailor their marketing to meet customer needs.

- To identify their threats and weaknesses

http://www.tesco.com/talkingtesco/news/?page=article8

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 5 year summary.

(£ millions)

2004

Restated1

2003

Group turnover2

8,239

8,144

Turnover - continuing operations

5,517

5,147

Operating Profit

Tesco Supermarkets

564

572

Tesco Bank

26

22

Discontinued operations

45

58

Group underlying

profit before tax3

675

695

Earnings per share basic4

20.7p

23.7p

Dividends per share

5.69p

5.58p

The purpose of this financial statement to Tesco is to view the success of the business. http://www.tescocorporate.com/financialhighlights.htm

Here is an overview of our financial performance. More detailed information is available in the 5 year summary.

2004

Restated1

2003

2002

20014

2000

Financial results (£m)

Group turnover2

8,239

8,144

8,206

8,441

7,414

Turnover - continuing operations

5,517

5,147

5,025

4,048

3,403

Operating profit

Tesco Supermarkets

564

572

505

462

509

Tesco Bank

26

22

22

3

3

Discontinued operations

45

58

50

53

39

735

752

677

628

651

Interest payable

(60)

(60)

(49)

(76)

(72)

Joint ventures

-

3

(1)

(3)

Group underlying profit before tax3

675

695

627

549

580

(Decrease)/increase on previous year

(2.9)%

0.8%

4.2%

(5.3)%

(23.2)%

Earnings per share4

Basic

20.7p

23.7p

9.1p

4.5p

8.3p

(Decrease)/increase on previous year

(12.7)%

24.1%

31.7%

(20.8)%

(37.3)%

Underlying3

23.4p

24.2p

21.5p

8.8p

20.5p

FINANCIAL CALENDER: 2001-2005

3 December

DRIP interim dividend: Last date for return of revocation

of plan mandates

25 November

Interim dividend: Record date

23 November

Interim dividend: Ex-dividend date

6 November

Interim Results Announcement (FY 2005/06)

October

Second Quarter Trading Statement (FY 2005/06)

September

Interest payments: 8% Irredeemable Unsecured Loan Stock

interest paid

4 August

DRIP Final dividend: Plan share certificates issued

1 July

Interest payments: £300m 6.50% Notes due 2012

1 July

Interest payments: Euro 800m 5.625% Notes due 2008

8 July

Capital return: Future redemption dates and B share dividend

payment dates (x% LIBOR)

20 July

Final dividend: Final dividend payable (FY 2004/05)

3 July

First Quarter Trading Statement (FY 2005/06)

3 July

2005 Annual General Meeting (FY 2004/05)

July

DRIP final dividend: Last date for return or revocation

of plan mandates

22 June

DRIP final dividend: Plan shares purchased for participants

27 May

Final dividend: Record date (FY 2004/05)

25 May

Final dividend: Ex-dividend date (FY 2004/05)

8 May

Preliminary Results Announcement (FY 2004/05)

5 April

Interest payments: £250m 6.125% Notes due 2017

5 April

Interest payments: £350m 6.00% Notes due 2032

April 2005

IFRS briefing event

24 March

Fourth Quarter Pre-close Trading Statement (FY 2004/05)

March

Interest payments: 8% Irredeemable Unsecured Loan Stock

interest paid

20 January

DRIP interim dividend: Plan share certificates issued

8 January

Capital return: Future redemption dates and B share dividend

payment dates (x% LIBOR)

3 January

Third Quarter Trading Statement (FY 2004/05)

Related info

January

DRIP interim dividend: Plan shares purchased for participants

7 January

Interim dividend: Interim dividend payable (FY 2004/05)

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.

£ Millions

2004

2003

Group turnover2

8,239

8,144

Turnover continuing operations

5,517

5,147

Operating Profit

Tesco stores

564

572

Tesco Bank

26

22

Discontinued operations

45

58

Group underlying

675

695

profit before tax3

Earnings per share basic4

20.7p

23.7p

Dividends per share

5.69p

5.58p

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.

Financial results (£m)

2004

2003

2002

2001

2000

Group turnover2

8,153

8,144

8,206

8,441

7,414

Turnover - continuing operations

5,517

5,147

5,025

4,048

3,403

Operating profit

Tesco Stores
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564

572

505

462

509

Tesco Bank

26

22

22

3

3

Discontinued operations

45

58

50

53

39

Interest payable

-60

-60

-49

-76

-72

Group underlying profit before tax3

675

695

627

549

580

(Decrease)/increase on previous year

-2.90%

0.80%

4.20%

-5.30%

-23.20%

Earnings per share4

Basic

20.7p

23.7p

9.1p

4.5p

8.3p

(Decrease)/increase on ...

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