For the year 2011, Tesco recorded revenues of £60,93 million and had a market capitalisation of £24,4 billion (Tesco annual report 2011) The structure of this paper is as follows; the first part is dedicated to Tesco plc current business strategy. The second part will focus on the different key factors embedded within Tesco's business environment. The third part will be dedicated to some strategic management accounting tools to implement their strategy in order to advance their competitiveness. The last part will be focused on the information needs of Tesco’s management to implement their strategy. (A) Identify and analyse Tesco’s current business strategy Tesco is one of the largest retailers in the world by revenues ($94,185 BILLION), just after Wal-Mart and Carrefour.
“HP’s revenue totaled $107.7 billion for the four fiscal quarters ended Jan. 31, 2008” (HP, 2008). HP's Corporate Objectives, written by Bill Hewlett and Dave Packard, have guided the company in the conduct of its business since 1957. These objectives include customer loyalty, market leadership, commitment to employees and uncompressing integrity. “HP’s awareness of social and environmental issues in the electronics industry supply chain is increasing among the public, customers, NGOs, investors and the media” (HP, 2008). HP’s supply chain social ethic responsibility program responds to the expectations of these stakeholders.
Nowadays, Tiffany & Co. has recorded sales up to $2.65 billion and net profit of $253.9 million at the end of the year 2007 (Datamonitor, 2007). With more than 9,000 employees worldwide, continuous development, and strategic moves, Tiffany & Co. has only strengthened its position in the market, landing on The New York Times' list of the "100 Most Powerful Brands in the World." (Tiffany & Co., 2008). As a sumptuous emporium of classic jewellery designs and fine tabletop collections, part of Tiffany & Co.’s
Revenues And Expenses Net sales make up the entire operating revenue listed on Apple, Inc.’s income statement. The company breaks this figure down by operating segment, as well as by product that they sell (Apple 2010). By operating segment, or region, the Americas are the largest, with 37.5% of all net sales. By product, the iPhone and related products and services make up 38.6% of all net sales. The cost of sales is the major expense account, and makes up 84.4% of all operating expenses.
It is a New York City based national trade association for producers and importers of toys, games, and children’s entertainment products. Today the toy industry is one of the top five markets. It has U.S. retail sales of $21.4 billion as of 2008 and worldwide retail sales of $78.1 billion in 2008. Leading the toy industry today is Mattel. Mattel has revenues of $5.4 billion as of 2009 putting them at the top of this market.
HPL products are part of a $21.6 billion personal care products market in the United States. The market grew approximately 1 percent per year by volume and 1.7 percent by sales due to modest price increases. Private label products in personal care account for approximately 19 percent, $4 billion in retail sales which equal with $2.4 billion in wholesale sales from the manufactures. HPL has a 28 percent share of that market. 2.
Moreover, under strong cost control, its full-year 2010 net profit attributable to shareholders increased 24% y-o-y to RMB1.55bn, compared to Li Ning’s RMB1.11bn. Table. Comparison of Anta and Lining RMB in BN | Company | 2010 | 2011 | 2012 | 2013E | 2014E | 2015E | Revenue | Li Ning | 9.48 | 8.93 | 6.74 | 5.44 | 5.85 | 6.75 | | Anta | 7.41 | 8.91 | 7.62 | 6.66 | 7.33 | 8.06 | %Change Y/Y | Li Ning | 13% | (6%) | (25%) | (19%) | 7% | 15% | | Anta | 26% | 20% | (14%) | (13%) | 10% | 10% | Gross Margin | Li Ning | 47.3% | 46.1% | 37.8% | 44.1% | 44.5% | 44.5% | | Anta | 42.8% | 42.3% | 38% | 40.6% | 41.5% | 42% | Operating Margin | Li Ning | 15.3% | 7.1% | (24.6%) | (2.8%) | 3.6% | 10.8% | | Anta | (0.3%) | 22.6% | 20.5% | 22.1% | 22.0% | 22.1% | EPS growth | Li Ning | 16.6% | (65.0%) | (614.1%) | (88.7%) | (114.3%) | 807.5% | | Anta | 23.9% | 11.5% | (21.4%) | (8.5%) | 8.4% | 9.9% | Source: Company data, Bloomberg, J.P. Morgan estimates. According to 1H10 reported data, ANTA had already become No. 1 in terms of sales volume of both footwear (18.0 mn pairs sold) and apparel (32.5 mn pieces sold) among all domestic brands by
According to the recent annual report published by the company, its group sales in 2009 are found to be 59.4 billion euro (Tesco, n.d.). Business Strategy Tesco’s well established and consistent business strategy has enabled it to strengthen the core UK business and expand into new markets successfully. Tesco’s business strategies are mainly focusing on huge domestic market of financial services, telecoms and non-food. One of the main objectives of Tesco’s business strategy is to create sustainable long term growth and according to the company this could be achieved by expanding into global market. The company initially focused on Asia and central Europe.
Alibaba.com Summary Alibaba.com is recognized as the largest and most successful business-to-business (B2B) web site in the world. On November 6, 2007, Alibaba.com’s stock began trading on the Hong Kong exchange. By the end of the day the company had raised $1.7 billion, resulting in the biggest initial stock offering ever for a Chinese Internet company. Investors sought more than 180 times the number of shares offered. In spite of the economic downturn globally during the fourth quarter of 2008, Alibaba.com announced that total revenue for the company increased 39 percent over 2007, and registered users jumped by 80 percent.
Foot Locker is on the 2nd year of their self-proclaimed 5 year plan of becoming the global leader of retail in athletic wear. They received 5.6 billion dollars in sales last year along with an improvement from $333 of sales per square foot to $406. Since Foot Locker has already achieved several of their financial goals in the five year plan, they have implanted new strategic priorities. They include: Create a clear customer focus to drive performance in its core athletic banners Make its stores and internet sites more exciting, relevant places to shop Deliver exceptional growth in high-potential business segments Aggressively pursue brand expansion opportunities Increase the productivity of all of its assets Build on its Industry Leading Retail Team The company also made financial objectives for the updated 5 year plan: * Sales of $7.5 billion * Sales per Gross Square Foot of $500 * EBIT Margin of 11 percent * Net Income Margin of 7 percent * Return on Invested Capital of 14 percent * Inventory Turnover of 3+ times According to Mr. Hicks, they have put