Tesco Competitive Strategy Case Study Example | Topics and Well Written Essays - 1500 words

Tesco Competitive Strategy - Case Study Example echoes that, today the challenges for companies is not just providing high quality product but the ability to provide these products at a lower cost and price (Prahalad & Hamel 1990). These must be incorporated in the company's strategies. Against this background companies are in dear search for different ways and measures to remain competitive and consequently create values for their shareholders. (Hamel & Prahalad, 1994). Having said this, the paper focuses on TESCO. In section two I will provide an overview of the company, its products, people and resources, part two of the paper looks at its competitive position in line with the five forces model, while part three discusses its competitive advantage, and the last section provides the conclusion and recommendations. TESCO Plc is an international retailer founded by Jack Cohen in 1919 that has established itself as the largest super store in Europe (Report 2008). According to the company 2008 corporate report and the website, being an international retailer, its principal activities include food retailing, simple travel insurance, personal finance, TELECOM and recycling having over 2,000 stores in the United Kingdom (Company's Review 2008). The company also has stores and retail outlet in other countries like the Republic of Ireland, Hungary, Poland, the Czech Republic, Slovakia, Turkey, Thailand, South Korea, Taiwan, Malaysia, Japan and China (Tesco 2006 Review). In addition, it operates 165 International Express stores. In addition it operates 39 stores in China, 111 in Japan, 13 in Malaysia, 62 in South Korea, 6 in Taiwan, 219 in Thailand, 35 in Czech Republic, 87 in Hungary, 105 in Poland, 91 in Republic of Ireland, 37 in Slovakia and 8 in Turkey. (Tesco Annual Review, 2008). It therefore operates round the clock which demonstrates its commitment to create customer value which in turn generates superior value for its shareholders. The success of this international giant in the retail sector can be attributed to its aggressive global strategy of geographical diversification, product differentiation, cost focus and it use of umbrella branding. In its attempt to renew the brand and keep it in sync with changing customer tastes, Tesco follows an umbrella strategy including international diversification, providing value to customers, product diversification, innovation, acquisition and umbrella branding. (Tesco Annual Review, 2008). 2.0 Tesco and Porter's Five Forces Framework Through the below stated framework developed by Michael Porter we will identify the sources of competition in an industry. Here, according to Porter (1990), the sources of competition in an industry such as the grocery sector in the case of Tesco can be easily depicted. Figure 1: Porters Five Forces Framework adapted from Johnson et al (2007) Figure 1 above depicts the forces of competition in an industry. According to Porter (1990) enables market analyst and investors to asses the attractiveness and profit potentials likely to be in an industry. Using this framework an analyst gets to identify the sources of competition in an industry or sector (Johnson & Scholes 2005). The basis upon which this framework is built will serve to

Analysis and Evaluation of an Argument Essay Example | Topics and Well Written Essays - 1250 words - 1

Analysis and Evaluation of an Argument - Essay Example Since then, the desire to develop anti-ageing strategies grew in him. He has done several researches and merged them with logic ideas. That is why he says that ageing is rather a curable disease is any other. His reasoning is based on the body tissue that results in metabolism. He said the effects of metabolism are what brings about growing old in human beings. He felt the need to enable people not to lose the ones they love anymore due to health issues, lack of liveliness, and the ability of functioning in ageing process (De Grey, 210). He felt this loss had to stop since the majority of the people that died due to old age always had agonizing and very expensive death. The expense was due to that old people were vulnerable to lots of diseases and there most of the time is spent with medical assistance. Old people are not productive. This is because they can hardly assist in any job. They are therefore seen as valueless in the society. Aubrey De Grey has developed seven biological related steps to help slow the ageing process of human being. These steps help to repair the damaged organs in the body ones the ageing process crops in the body (De Grey, 222). Accumulation of damaged organs in the tissue of the body is what brings about diseases and other problem that result in death in old age. Cellular damages occur seven ways in the ageing process. Therefore, the seven steps are to help clean the junk of the cells both inside and outside. As people age, there tend to be worn out cells that need to be removed and protein cross-linking in the body. The bad cells are the one that causes the diseases of old age and therefore, they need removal and the body needs to be induced to produce new one. Prevention is always said to be better than cure. Dr Grey uses the quote a lot and says that people should not wait until they develop ageing problems to be cured. They should be earlier precautions and preventions to old

Management Evolution Research Paper Example | Topics and Well Written Essays - 2250 words

Management Evolution - Research Paper Example One cannot possibly stick to a single strategy and move about using it in all organisations thus it is very necessary to be flexible within the context of managing people. It has been observed that the styles for managing people have evolved and changed within years. In the past a more traditional approach was usually undertaken; however, as extensive changes in technology took place a more flexible approach was adapted toward managing people. Managing people is a very important phenomenon from what I observed within my own studying environment. If teachers do not put in extra effort towards the behavioural approach of the students they do not intend to attain successful results. Teachers who tend to be more dominating whilst not encouraging much of the feedback usually encounter students that are highly pressurized, under stress or carefree students who don’t give importance to their education since their ideas are not given importance to by their teachers. On the other hand those teachers who tend to be more involved with their students also tend to have extremely good results with their students. But then again one more thing that I noticed was that involving students is not necessarily the best way since sometimes student do take advantage of this benefit. Personally what I feel is that it gives the student the impression that the teacher will not really mind if he does not do his homework or submit in his assignment since he/she is extremely friendly thus there is no chance of being punished. This only implies the fact that within our studying environments we do have different teachers with different styles of handling students. I guess the best way is to be involved with students but then in the end the final decision should be that of a teacher. But again I believe that it is not at all necessary that this same tactic is applied in every class at my school. Instead, one should undertake handling approaches using the contingency theory which means handling students in accordance with their behaviour. For example, in a class of non serious students one should use a democratic approach since they need to be shown that there is somebody who does care about them and their ideas. On the other hand in a class where there is a mix of naughty and studious students a teacher should adapt the paternalistic approach which means taking their feedback but in the end the final decision is that of the teacher. Thus, my studying environment, if I observe, is a combination of all leadership styles and I believe this is extremely effective since every class has students with different attitudes and therefore it is very necessary for a teacher to adapt to the class according to the particular culture associated with those students. The approach towards managing people was first laid down by Robert Owen. He laid down the theory for improvement towards human relations. Therefore he was the one who believed in improving the living of works. Charle s Babbage, on the other hand, was the father of modern computing who laid down the theory of specialization which involves giving various tasks to different individuals according to their expertise. Specialization basically implies that a person will feel motivated because he has been given the job he/she is best at. Thus gaining an expertise will allow him to increase the productivity of the organisation. The problem, however, with specialization is that it tends to

Private law Essay Example | Topics and Well Written Essays - 750 words - 1

Private law - Essay Example Shah was also disappointed when his application to obtain his academic qualifications for an award in respect to first degree was rejected. This is an example of humiliation and discriminatory approach to demean immigrant students in relation to educational qualifications. Refusal to admit qualified students to pursue their first-degree award is punishable by law. Additionally, LEA refused to award a first degree putting into consideration mere facts that Shah had failed to prove to them beyond reasonable doubt that he was an ordinary resident of the United Kingdom. These are the facts that made Shah sue LEA. The point of argument in this case is that this student believes discriminatory treatment for immigrants is still carried out in the UK without considering the domicile statutes and jurisdictions of the land. This student says that L.E.A misdirected them by putting the judgmental laws into their own hands. This educational body misleads themselves in relation to wrong application of the test of respect of ordinary residences. To begin, education in the recent past has been globalized with various races seeking education wherever they want in the world. Therefore, this implies that as much as Shah may be an immigrant in the UK, his freedom and rights to education must always be aptly upheld. Per se statutory jurisdictions especially in relation to the Rome Statutes acknowledges right to education whether a person is an immigrant or ordinary citizens of a given state (Sendall 123). This implies that L.E.A breached the law when it failed to honour Shah by giving him a mandatory award o r even a failing to consider his alternative application. The fact of this case as it stands is that out of the five students, none of them had no right to abode in the United Kingdom. However, they deserved an explanation as to why they were not academically honoured and why their