ETHICS ENVIRONMENT AND INNOVATION

Ethics Environment and Innovation

Table of contents

Section 15

Introduction5

Tesco history6

Company Background6

Market share7

Section 29

What characteristics make an organisation more innovative than others?9

competitive strategy9

Organisational characteristics that make a company more innovative11

Plan Goals and Implementation11

Financial Projections and Analysis11

Well developed characteristics13

Section 315

Tesco service and process15

Critical Success Factors15

innovative product/service16

Innovation and identify16

organisation protects this innovation17

Future of the company18

Conclusion18

References20

List of Figures

Figure 1: SWOT Analysis------------------------------------------------------------------6

Figure 2: Market Share----------------------------------------------------------------------7

Figure 3: Value Share ---------------------------------------------------------------------- 9

Figure 4: Profits ----------------------------------------------------------------------------14

Figure 5: Innovation -----------------------------------------------------------------------16

List of Tables

Tesco's Summary Five Year Record ----------------------------------------------------------------------12Ethics Environment and Innovation

Section 1

I have choosen the company Tesco because there is a great margin while writing on Tesco. As the organization is one of the top one in the grocery business I can write it very easily.

Introduction

Tesco is the largest food retailer in UK, operating around 2,318 stores worldwide. Tesco operates around 1,878 stores throughout the UK, and also operates stores in the rest of Europe and Asia. Tesco.com is a wholly-owned subsidiary offering a complete online service, including tescodirect.com and tesco.net. The company also offers a range of both online and offline personal finance services.

Tesco is headquartered in Hertfordshire, UK. Its products and services include: Extra Superstore Metro Express Tesco.com Store offerings: Food Retail Non-Food Retail Petrol Stations Home Living Range Tesco Personal Finance: Life Insurance Pet Insurance Home Insurance Travel Insurance Motor Insurance Savings Accounts Personal Loans Secure Investment Bonds Online Mortgage Finder As well as operating in the UK, it has stores in the rest of Europe and Asia. It also provides online services through its subsidiary, Tesco.com. (Lorenzen, 2006)

Tesco history

Company Background

Tesco opened its first store in Edgware, North London in 1929. It gets its name from the combination of the founder of Tesco, Sir Jack Cohen and a partner in a firm of tea suppliers who Cohen worked with, T.E. Stockwell. Since that time, the company has grown and has reflected the changes in retailing. Prior to the Second World War, most grocery stores served customers but self service stores were on their way and, once introduced, allowed stores to grow bigger to become the superstores we know today. (Brian Tracy, 2000) (see figure 1)

The company floated on the stock exchange in 1947 with an initial share price of 25p. Tesco became a familiar name on the high streets of the UK and whilst it was able to take advantage of commercial economies of scale through bulk purchase of supplies, the existence of resale price maintenance restricted the ability of Tesco to be as competitive as trading conditions now allow. The system allowed suppliers to insist that retailers sold their products for a set price. Tesco used other strategies to build customer loyalty including the use of stamps that could be exchanged for cash or goods. (Brian Tracy, 2000)

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 ...