Risk Assessment

Risk Assessment

PART I: Risk Assessment

Risk Assessment

About the company

The paper pertains to Sainsbury, UK. The company has been serving the people of United Kingdom for more than 144 years with their outstanding service and excellence in customer retention. The group commenced its business in the year 1869, and currently operates over 1100 supermarkets, as well as, convenience stores. The core business of the company pertains to the grocery stores and retail markets, and the idea behind the business is to go the last mile to serve the customers in an exceptional manner. The company has an edge of building extremely facilitated stores with a more fundamental approach towards service excellence through investments (www.sainsburys.co.uk ).

The company incepted the business with a small supermarket located at the country side and today it employees more than 157,000 people. At the heart of our success are the stronger values and culture. The whole idea encompasses of the development of outstanding performance for past several decades, as well as, the expansion of the store into a full-fledged supermarkets in several cities of the United Kingdom.

The company manages with three different levels of boards, namely, the board of directors, the committees and the operating board. The company focuses upon three basic areas of management, that comprise of supply chain management, financial management, as well as, customer relationship management leading to the building of a more effective approach towards the factors of the business. The company contributes £756 million on an annual basis to the tax revenue of the nation. It has a market share of 16.8% for the people, and therefore, looks forth to further expansion. The business strategy of the company revolves around 'operational excellence'. The term of operational excellence revolves around growing space & creating value, great food management, compelling general and merchandise, complementary services and developing new businesses (www.sainsburys.co.uk ).

The company is currently working for societal development and environmental sustainability. It is investing in recycling projects, as well as, development of sustainable waste management projects all across the United Kingdom. The company currently focuses on corporate social responsibility as the top priority, and leads to the development of a better society. It is also investing huge amount of money in forest rehabilitation and bio-diversity.

Competition

One significant threat to Sainsbury is competition in the retail market. The more important facet of the retail super markets and convenience stores is exponential profitability. Sainsbury works with operational excellence and serves customers in the best possible manner, however, the most important facet of such supermarkets does not limit to the excellence of service but several other factors such as discounts, home deliveries of the grocery and other additional services.

The competition is leading to great challenges and new outlets are opening up. In the retail industry, the competition is escalating due to high probability of responsibility. In developed countries, people buy a lot more from grocery markets than in other parts of the ...