The responsiveness to consumer’s demand Tesco is always aware of what people need, what products they would like to purchase from the stores. For this, Tesco is using primary research methods like surveys, in which people can say what their demands are as well as the secondary research methods like use of gathered data. The use of ICT in the supply chain Tesco is well known for its use of ICT to distribute its products. Their big advantage is that many people are pleased with the company, because they are allowed to shop from wherever they want, as long as they have an access to the internet. Tesco's website allow people to search through the products, that customers can order through the Tesco Direct or go for it to the store.
According to Spector & McCarthy, 2012), Nordstrom's has an enormous financial position proportioned to be around $1.3 billion in cash, 11 straight quarters for making sales, and its apparent positioning in the Apparel’s top 50 companies ranked by profit margins. The company knows that its customers are in high demand for quality products and services. The company has expanded most of its stores within and outside Europe, something that has enabled many clients access its products and services without any difficulty. The company has shifted most of its growth mechanisms to depend on e-commerce. Most of the customers are able to access Nordstrom's products online.
They have a really persistent way of doing business that has given them a great advantage to prosper. A firm buying strategy and a extremely sophisticated database is the Leverage they have over other stores similar to them in the industry. Their company structure and systems theory has been a great guideline for other organizations to follow. They laid out a strategic plan for their organizational structure and it has proven to be very successful with their systems theory. They have a plethora of business associates, and consider themselves leaders in the customer service business.
Strengths: Smucker was the leading producer of Jams, Jellies, and preserves in the U.S, Canada and Australia in Mid 2002.The company has met or exceeded consumer expectations, and has been also a long time sponsor of good events. It has a much focused portfolio allowing for the growth in shares of every brand. The company has a strong financial performance which allowed it to make acquisitions that have strengthened its brand portfolio. For example, the company acquired Folgers from Proctor & Gamble in 2008 by taking advantage of that company inability to beverage the brand most of Smucker profit in 2009. The acquisitions have improved its position in the food industry, and have been successful in Latin American and 45 other countries.
In the 1970’s Tesco then opened its first petrol store and would then become the UK’s largest independent petrol retailer. In 1994, Tesco’s fought Sainsbury’s over a firm based in Dundee which operated 57 stores. This made it possible for Tesco’s to expand its stores into Scotland causing its value to rise larger. In 1997 Tesco’s then expanded into Ireland. In 1995 Tesco created on online shopping website, which added great profitability to the company.
Walmart and Cisco have had tremendous business success and a lot of their success can be attributed to the cultures at these corporate leaders. Similarities Good business models depend on the successful models of business processes. Cisco and Walmart both started as small family owned businesses with humble beginnings and strong structure and leadership. Both companies have deeply installed and strong cultures based on strong principles. “Sam Walton founded Walmart with the strong conviction that a retailer could help people save money and live better.
TJX Corporation also known as TJ Maxx, Marshalls, and Home Goods is one of the world’s leaders in off-price retailing. A big part of their success comes from the quality of its products and the frequent changes of merchandise it brings from store to store. This is because they carry brand name apparel and home fashions, which attracts many customers. This concept has been able to with stand it’s off –price retailing method over its existent because it works well in both favorable and unfavorable economic and retail environments. A couple reasons/factors that has lead to the leadership position is their presence in home fashions and their international success.
Both companies are the leading online-retailer regarding media products . The service centered logic of marketing is customer focused and based on the relations between companies and customers (Vargo and Lusch, 2004). In other words, collaboration with customers in the process of co-creation of value is of a great importance for Amazon and Zappos. 2. How did the acquisition benefit Amazon?
PESTEL Analysis of Tesco:- PESTLE Political, Economic, Social and Technological factors: analysis measures the market potential and situation, particularly indicating growth or decline Tesco is the giant of all supermarkets due to its UK dominance. Analysis of the marker has shown three main reasons for this. A PESTLE analysis is therefore useful in keeping TESCO up to date with their environmental surroundings, for example, realising in advance that we were heading for a recession would have helped them to plan ahead. Tesco are scattered everywhere both locally and internationally they sell to almost every segment of the society they sell both food and non-food items. Political: Politically, the recession is one of the main spectrums that are currently affecting all the countries which may lead to higher numbers of unemployment.
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.