The company believes in the philosophy of striving hard to be innovative and cater to their customers' needs in best possible manner. It deals with around 21 million customers every week. It is UK's 3rd largest Supermarket chain with more than 16% market share. It employs around 150,000 employees and offers around 30,000 products. They provide on line delivery shopping service covering around 93% of UK House hold.
M1 assess how a selected business could improve the ethics of their operations Primark is a subsidiary company of the ABF (Associated British Foods) Group. The company launched in 1969 in Ireland trading as Penny's. By 2000, there were over 100 Primark stores across Britain and Ireland. By 2012 Primark had 238 branches across the UK, Ireland and Europe. Primark offers innovative, fashionable clothes at value-for-money prices.
By 1994 there were 66 Primark and Penneys stores across the UK and Ireland. During 2006 Primark expanded into Spain and to date has 35 stores trading in the country. Primark now operate 257 stores in the UK, Ireland, Spain, The Netherlands, Portugal, Germany, Belgium and Austria and employ 70,000 across the world. Primark offer both women’s, men’s, children’s and babies clothes and also home ware products. (Primark 2013) (The Times 100 2013) Primark compete with their competitors by using a cost leadership strategy, the sell bug volumes of low cost goods to a broad target market and the goods they are selling have mass appeal.
Hewlett-Packard (HP) is one of the world’s largest IT companies operating in over 170 countries. The Hewlett-Packard Company, found in 1939 by Bill Hewlett and Dave Packard, “provides enterprise and consumer customers a full range of high-tech equipment, including personal computers, servers, storage devices, printers, and networking equipment” (Hoovers, 2008). The company’s operation base is located in Palo Alto, California were Mark Hurd is currently the president and CEO. The company ranked 14 in 2007 Fortune 500. “HP’s revenue totaled $107.7 billion for the four fiscal quarters ended Jan. 31, 2008” (HP, 2008).
Staples’ is the world's largest office products company. The company website states they are committed to making it easy for customers around the world to buy a variety of office products and business services. Staples’ has $23 billion in sales and operates 27 countries throughout North and South America, Europe, Asia and Australia. OfficeMax is a leader in business to business office products and retail office products. Office Max strives to help customers do their best work with the products and services they offer.
In 2001 Venator renamed itself Foot Locker Inc after its best-performing chain. (fundinguniverse. 2011). Foot locker Inc is a multinational retailer with stores and support operations in 21 countries, including North America, Europe, Australia and Asia. Its chains include Foot Locker (and its Kids and Lady Store versions), Footaction USA and Champs Sports, totally 3,500 stores worldwide.
HRM Human Resource Management in TESCO Organization 1- Identifying the organization's business strategy, mission and goals: Tesco, the largest retailer in UK as well as the third biggest in the world in terms of revenue, was founded in 1919 by Jack Cohen. In 1924 the brand Tesco was first started its journey and in 1932 it became a private limited company. Now Tesco is operating in 14 countries all over the world. There are 4,331 Tesco stores and almost 470,000 people working in the company across the world. 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.).
Task 1 (P1) To describe the purpose of accounting for an organisation History Marks and Spencer (referred to as M&S) has come a long way from its humble beginnings as a market stall in 1884, to being one of the UK’s leading retailers. During these 127 years of trading, it went from being a simple market stall, to being registered as a private limited company (ltd) in 1903, to adopting a revolutionary policy of buying goods directly from the manufacturers in 1926, to launching the first ever street petite range for women in 1953, to currently being a public limited company (plc). M&S employs over 75,000 people in the UK and abroad, they have over 600 UK stores and an expanding international business, they’re essentially a UK retailer that exports to 337 stores in 41 territories overseas. As part of their international expansion strategy they will emphasise on franchise operations and build strong partnerships with each territory they wish to expand to, however this does not involve the UK market. M&S supply a range of services such as: loans, insurance, credit cards and home delivery; also sell stylish, high quality clothing and home products as well as amazing food sourced from around 2,000 suppliers.
Introduction This coursework will analyse Tesco plc. Discussing its business strategy & critically evaluate their strategy management accounting tools. Tesco plc was founded by Jack Cohen in 1899; and launched its first store in London in 1929 (Tesco, 2010). Tesco is the largest food retailer in the United-Kingdom, operating around 2,318 stores (1,878 in the UK market), and the company is currently employing more than 330,000 people. 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.
2 Findings 3.1 Background of Tesco Tesco was founded in 1919 by Jack Cohen and started out as a market stall in London’s East End. Over many years the business has expanded and now operates in 12 countries around the world. Tesco currently employ over 530,000 people and serve millions of customers every week. 3.2 Tesco’s Mission Statement Structure Tesco’s mission statement is “we make what matters better, together” which then links in with their vision statement that is “to be the most highly valued business by: the customers we service, the communities in which we operate, our loyal and committed colleagues and of course, our shareholders”. These statements are appropriate for Tesco as a company because it is shown *** 3.3 Tesco’s Organisational Objectives In this section, the organisational objectives of