Aims and Objectives of Tesco

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Aims and Objectives of Tesco

What is a Mission Statement?

A mission statement sets out the general purpose of a business. It helps employees work towards a common goal.

Tesco’s Mission Statement

Tesco’s mission statement is to Retain Loyal People. To make sure Tesco achieve their mission statement, they need to know who their loyal customers are. That is why Tesco has got a club card service, through which they can award people by giving them special vouchers and extra points.

What is an Aim?

A business aim is an organisation’s long-term goal.

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What is an Objective?

Objectives are goals that a firm sets itself for the next three or five years. They have a timescale, they must be measurable and they must contribute to the business achieving its aims.

How Objectives Blend in with each other

All of Tesco’s objectives blend in with each other. None of the objectives will work without each other. For example; the business will not have any customers if the business is not operating well. Share holders will not invest money in the business, if the business hasn’t got any customers. The company will ...

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