The Role of Supermarket in Economic Development of Local Community-Streatham

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ABSTRACT

This research intends to investigate the economic development or changes brought in local community since the supermarkets were opened. However, there is an on-going debate in the context of supermarket impact in local communities. Therefore, this study will provide a better understanding about the growing economic impacts on local communities. In recent times, the number of superstores in every community has been increasing dramatically all over the UK. The changing life style of people has a huge impact on growing number of supermarkets. In the UK, in last fifty years, there have been major changes in the way people use supermarket. Fifty years ago, most people bought their food from markets or specialist food shops, such as green grocers, butchers and fishmongers.

STATEMENT OF ORIGINALITY AND AUTHENTICITY

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Programme: MBA

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ACKNOWLEDGEMENT

I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as Vestasll as guidance they provided without which I would have never been able to do this research.

TABLE OF CONTENTS

ABSTRACTII

STATEMENT OF ORIGINALITY AND AUTHENTICITYIII

ACKNOWLEDGEMENTIV

CHAPTER 1: INTRODUCTION1

1.1General Background of the Study1

1.2Aim of the Research2

1.3Objective of the Study3

1.4Statement of Problem4

1.5Significance and Scope of Study4

1.6Target Group5

1.7Limitations of the Study6

1.8Organization of Study6

CHAPTER 2: LITERATURE REVIEW8

2.1Introduction8

2.2Economic Development, Economic Growth and Contradicting Theory9

2.3PESTLE12

2.4Porter 5 Force Analysis23

2.5UK Government Policies on Supermarket27

2.6Job Creation28

2.7Classes of People Living in Streatham31

2.8Conclusion34

REFERENCES37

CHAPTER 1: INTRODUCTION

General Background of the Study

In UK local communities such as Streatham; the supermarkets offer a wider range of household goods and food. The traditional form of supermarket in these local areas is divided into departments of dairy products, baked products, packaged and canned goods. In local communities of UK, development of supermarket is strongly associated with the increase in growth of population and development of industry (Kotler 2011, p. 145). The demand for processed goods increases with the increase in population size. In majority of cases it has been observed that local providers are unable to meet the demand, therefore creating the requirement for method that meets the abovementioned demand. The same case is present in UK, because of the above mentioned reason, the rise of supermarkets have provided with a wider range of food at reasonable prices (Hawkes 2008, p. 657). This has led to rapid growth and increase in supermarkets, particularly in local communities like ...