MANAGEMENT REPORT – II TESCO PLC. By ILIYAS . MOHAMMAD (5217588) Executive Summary: The main objective of Tesco is to create value for its customers and attain lifetime loyalty from them on which depends its success. If people like what they shop, they will come back to make purchase because of good will. With the two core values of Tosco: None tries hard for customers and treat them as we want them to treat (2005).Tesco is beautifully driven by its quality service and standard products.
There is a huge variety of products in the Costco warehouses which include: groceries, appliances, candy, television and media, office equipment, toys, hardware, health and beauty aids, jewelry, watches, cameras, books and much more stuff, counting for almost 4000 products. The uniqueness of Costco is that it carries 100% guaranteed, top quality brands, with prices way below than those offered by traditional wholesalers. Costco Wholesale is the largest wholesale operator in the US, operating about 565 membership warehouse stores with almost 56 million card holders in about 40 countries including Unites States, Australia, Canada, Japan, Mexico, South Korea, Taiwan and the UK. · Business Mission The mission of Costco is to provide high quality goods at the lowest possible rates keeping in view the interests of the stakeholders. The mission for the company is well communicated at all levels.
(Wal-Mart Corporate Website) Huge turnover, large customer base and returning customers show that Wal-Mart has been able to achieve this goal in its 50 years of existence. Wal-Mart sources material from third world countries at low price. Very efficient supply chain management and bargaining power has enabled Wal-Mart to sell goods at low price. Company is also pursuing vertical integration strategy to lower cost. Answer-2) Wal-Mart Stores had turnover of $446.95 billion and net income of $15.77 billion in financial year ending
Firstly, most of its supercenters are about 185,000 square feet and offer a plethora of groceries, electronics and other consumer goods at prices that are rarely matched. Its wholesale brand, Sam’s club, offers customers conveniences such as parking and large “warehouse-like” shopping spaces with high ceilings. Besides, an efficient logistics’ system, Walmart, because of its size, has the ability to eke out the lowest prices from its suppliers, while simultaneously encouraging its suppliers to innovate new products and produce those products in large volumes. So, on a macro level, Walmart seems to have the correct strategy in the United States as far as promotion, price, product and place are concerned (4P’s of marketing). One of the main reasons for Walmart’s lack of success in other countries is in trying to impose American values, cultures and shopping habits in other countries.
Organizational Structure Paper Joseph D. Brown May 21, 2012 John A. Adamchik MGT/230 Organizational structure is the framework, typically hierarchical, within which an organization arranges its lines of authority and communications, and allocates rights and duties. The organization I am writing about is Wal-Mart. I am very familiar with this business and shop there quite frequently. Wal-Mart has a very large selection of groceries, electronics, and household products at reasonable prices. They even have matchmaker prices which means, if you find a store that has a lower price they will match it right there on the spot.
1. Intro/ Executive Summary Wal-Mart is an aggressive company and has their own reputation throughout the world. In the US, Wal-Mart has various formats such as Supercenter, Discount Store, Neighborhood Market and Sam’s club. The company is currently a largest retail chain in the world and has been ranked on top on the Fortune 500. They have as many as 150000 items for customers to choose from.
SWOT Analysis: Target Mission: “Our Mission is to make Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional guest experiences by consistently fulfilling our “Expect More. Pay Less,” brand promise.” Goals: To provide shoppers with exceptional value through an upscale discount store and through online shopping. Vision: “To support our mission, we are guided our commitments to great value, the community, diversity and the environment.” Description: Target is a retail store that prides themselves on quality items and great customer service at a low price. They strive to commit to their communities and foster diversity. Strengths • Target has a high market share; they have at least one store in every state except for Vermont • Target is on the Fortune 500 list and is ranked as #38 as of 2012 • Target has large, clean stores that are anesthetically pleasing • Target has stronger quality products than competitors • Target owns many subsidiaries such as Target.com, Target Financial Services, Target brands and Target Commercial Interiors • Target offers a great variety in products, they sell anything from clothing to jewelry to food • Target sells the most gift cards in the United States • Target has a well established national brand and has many partnerships which allow for special collections that are not available in other stores Weaknesses • Since products are of better quality, they are more expensive than competitor products • Target has low international expansion compared to competitors • Target stores do not play music, customers often complain of “silent” shopping • Target brand is not as popular as competitor brands • Target has recalled many products • Target is a union free company, so they do not pay an attractive wage to their employees
You could also see senior citizens there as well. McDonalds is not bias to who it hires I just think, in my opinion, they stick with the less experienced, new-comers because they can keep the wages low, thus improving profits. As a franchise it has mastered the ability to stay successful and always be considered a “Fan Favorite” amongst the population. This is not by coincidence but because of strict values that require a high standard. It involves its employees to work together to produce a product that is hot, fresh, great tasting, and in a timely manner.
Sam and Helen put together 95% of the funds for this first store in Rogers, Arkansas (Wal-Mart). Sam’s previous experience taught him the ins and outs of purchasing for a retail market. He had a notion that if he could pass on the savings to his customers that he received from purchasing deals, then he could corner a market based on low prices and increase his profits through bulk or volume selling at these low prices. This idea was an instant success, and is the foundational business strategy for Wal-Mart. Immediate Growth By 1967 Wal-Mart had 24 stores in Arkansas, but the Walton brothers had a much bigger vision.
* Differentiation based advantage- With regards to the interview which took place on the 19th of April, Mr Michael clearly stated that although they offer the same products as their competitors, he said his effort are mostly centred on intensifying after sale-service and support of high quality. This creates a good personal relationship with his customers. He believes that after sale-service is the most important marketing strategy to sustain small business such as his, as this will lead to the creation of customer loyalty, trust in their products and services. Is Saben Optometrist being managed strategically? According to Arieu (2007), strategic management is an on-going process that evaluates and controls the business and 8industries in which the company is involved, assess its competitors and set goals and strategies to meet its all