Tesco history

https://lawaspect.com/tesco-public-limited-company/

The world's top retailers by revenue | Statista

Tesco's global number of stores 2022 | Statista

intro

Tesco is a British multinational grocery and a general merchandise retailer headquartered in Welwyn
Garden City, Hertfordshire, England. It is the 12th largest retailer in the world measured by profits and
15th largest retailer in the world measured by revenues as of 2020. The company has 4,752 stores
including franchise stores in 11 countries across many countries like North American countries, Asian
countries like Malaysia, India, China, etc., and European countries and is the leading supermarket brand
in the United Kingdom, consistently ranking highest in terms of grocery market share in which it holds a
market share of 28.4%. The company has approximately 420,000 employees and sells about 90,000
products. Tesco's core business is grocery retail, and it sells a variety of food items, including fresh
produce, meat, dairy products, bakery goods, and canned and packaged foods. In addition to groceries,
they also sell household goods, such as cleaning supplies, personal care products, and home appliances.
Tesco operates both in-store and online, with a wide network of supermarkets, express stores, and
online shopping platforms. The company is committed to providing customers with high-quality
products and services at competitive prices, and has implemented several initiatives aimed at reducing
waste, promoting sustainability, and supporting local communities. In recent years, Tesco has focused
on expanding its digital capabilities, including offering online grocery shopping, mobile apps, and home
delivery services. This has helped the company to meet the evolving needs and preferences of its
customers, and to remain competitive in a rapidly changing retail environment. Tesco has also made a
significant investment in sustainability, and it has committed to reducing its carbon footprint, sourcing
products sustainably, and promoting healthy living. The company has also implemented a range of
initiatives to support local communities and reduce waste.

The company also offers a range of non-food products, including clothing, electronics, and furniture, and
has developed an online shopping platform that allows customers to purchase products from the
comfort of their own homes. Tesco also operates its own financial services division, offering credit cards,
insurance, and personal loans.
ownership and liability

Tesco is a publicly traded company, meaning that its ownership is distributed among many shareholders
who have invested in the company through the purchase of stocks. As a publicly traded company, Tesco
is a separate legal entity from its shareholders, meaning that the shareholders have limited liability for
the company's debts and obligations.

Limited liability means that the shareholders are only responsible for the amount of money they have
invested in the company, and they cannot be held personally responsible for the company's debts or
obligations.

However, the management and directors of Tesco have a fiduciary responsibility to act in the best
interests of the company and its stakeholders, and may be held accountable for any illegal or unethical
actions taken on behalf of the company.

In terms of liability for the company's operations, Tesco can be held responsible for any harm caused by
its products or services, as well as for any negative impacts on the environment or the communities in
which it operates. The company may also be subject to legal action or regulatory fines for any violations
of consumer protection, labor, or environmental laws

purpose

Serving our customers, communities, and planet a little better every day.

Tesco's purpose is to "Serving our customers, communities, and planet a little better every day." This
purpose is at the heart of the company's operations, and is reflected in everything it does, from the
products and services it offers to the way it treats its customers, employees, and suppliers. The purpose
is also reflected in the company's commitment to sustainability, social responsibility, and community
engagement.

Tesco recognizes that the retail industry is rapidly changing, and that customers' needs and expectations
are evolving. In order to stay relevant and meet these changing needs, the company has embraced a
customer-centric approach that puts the needs of its customers first. This means that they are
continuously improving the products and services they offer, making shopping as convenient and easy as
possible, and at the same time providing a high-quality customer experience both in-store and online.

In addition to serving its customers, Tesco also recognizes its broader responsibilities to the
communities where it operates. The company is committed to sustainability and to support local
suppliers and producers and also creating value for its stakeholders, including its shareholders,
employees, suppliers, and the wider community. This is achieved through a range of initiatives, including
reducing waste, promoting sustainability, and supporting local communities through charitable giving
and volunteer programs.
Tesco's purpose is supported by its values which include, understanding their customers, be first to
meet their customers’ needs, act responsibly towards our communities. These values help to guide the
company's decisions and actions, and ensure that it is always working towards its purpose of serving
customers better and their commitment towards sustainability.

In the UK, Tesco serves around 66 shoppers every second, so it’s their goal to ensure every one of those
customers experiences just a little better service on each visit.

Overall, Tesco's purpose of “serving our customers, communities and planet a little better every day” is a
reflection of the company's commitment to continuously improving the products, services, and
experiences it offers to its customers, to being a positive force for change in the communities where it
operates by helping local causes through its community programs and to reduce environmental impact
and support healthier living. Through its purpose and values, Tesco seeks to build a strong, customer-
centric business that creates value for all its stakeholders.

https://www.tescoplc.com/about/how-we-do-business/core-purpose-and-values

sector

Tesco’s scope of activities

Tesco is a British multinational grocery and general merchandise retailer. Its scope of activities includes:

Supermarkets: Tesco operates thousands of supermarkets across the UK and in other countries, selling
groceries, household items, and other products.

Online grocery shopping: Tesco offers online grocery shopping and home delivery services.

Non-food items: Tesco also sells non-food items such as clothing, electronics, and home furnishings.

Financial services: Tesco offers financial services such as credit cards and insurance.

Clubcard: Tesco operates Clubcard, a loyalty card program that offers discounts and special deals to
customers.

Tesco Mobile operates as a mobile virtual network operator using the O2 network in the United
Kingdom.

Tesco Bank: offers a range of financial products including personal loans, mortgages, credit cards,
savings accounts, and travel insurance

Tesco Opticians: operates as a provider of eye-care services and eyewear.

A large business is defined when a corporation/ business consists of employees more than 250 hence,
since Tesco PLC consists of employees over 354,000, it is considered a large business in terms of the size
of businesses. These employees operate approximately 4,673 stores located in 12 countries across
Britain, Europe, USA, and Asia. Tesco is the largest British retailer and is also the world’s 12 th largest
grocery retailer.

Organisational structure:

Tesco Organisational Structure: Overview, Chart & Advantages (studysmarter.us)

Tesco has a hierarchical structure.

Hierarchical structure: This is the most common model for large companies. Employees are split into
groups, so that each employee has one specific manager. This structure makes managing a large
organisation such as Tesco simple

Pic

This is a massive company, and this structure enables the organization to run properly and effectively.
The hierarchical structure is done in such a way that supervisors may have many more other
supervisors, and they have a number of staff in turn.

The shareholders and Board of Directors are in control of senior management. Staff members can
consult their supervisors quickly if they need guidance or assistance. Each employee has his own level of
management in this system, the higher the level, the bigger the responsibility and impact on the
situation. It also gives a big motivation to become better and encourages to do work better. Employees
are loyal to their departments, therefore being in charge of this department.

The functional areas of Tesco include:

Operations: This area manages the day-to-day running of the business, including supply chain
management, inventory control, and logistics.

Marketing: This area is responsible for promoting the company's products and services, including
advertising, public relations, and market research.

Finance: This area manages the company's financial resources, including accounting, budgeting, and
financial planning.

Human Resources: This area manages the company's workforce, including recruitment, training,
employee relations, and compensation.
Information Technology: This area manages the company's technology systems and infrastructure,
including data management, software development, and network security.

Customer service: This area is responsible for handling customer inquiries, and complaints and providing
assistance to customers.

E-commerce and digital : this area is responsible for managing the company's online presence, digital
marketing, and online sales.

Legal: This area manages the company's legal matters, including contracts, compliance, and litigation.

Procurement: This area is responsible for sourcing and purchasing goods and services needed for the
company's operations.

SMART OBJECTIVE

S- It is specific; it clearly states that they have “seen a slight increase of 3.7% in the staff accident rate
within distribution” and that they are already taking steps towards tackling this and are confident that
they will meet it. They know exactly what there target is and are aiming straight at it.

M-It is measurable; Tesco are measuring this with precise figures. They have stated that they seen a
“slight increase of 3.7% in the staff accident rate”. This tells me that they are recording accidents and
measuring progress. I feel that this is a positive step towards tackling health and safety within the Tesco
distribution.

A-It is agreed; Tesco will make sure that all the employees of the Tesco distribution will be aware of this
aim and what Tesco are doing to achieve the aim. Tesco will make sure that all employees comply with
precautions put in place to keep the accident rate low.

R-It is realistic; Tesco know that this is a realistic aim because there customer accidents and staff
accidents within stores are down by a high percentage. So Tesco realise that it is realistic to be able to
reduce injuries within distribution by putting extra precautions in place.

T-It is time constraint; Tesco have set themselves a 3 year period in which they want to achieve this aim
in. So this means hat the aim is time constraint to 3 years.
Oxfam

Oxfam is a non-profit organization, meaning that it does not have shareholders and is not publicly
traded. Instead, Oxfam is owned by its members or supporters, who are typically individuals or
organizations that share its mission and values.

As a non-profit, Oxfam has a legal structure known as a charity or a non-governmental organization

(NGO). This structure provides some liability protection for the organization's directors and employees,
as they are not personally responsible for the organization's debts or obligations.

However, the management and staff of Oxfam still have a responsibility to act in accordance with the
organization's mission and values, and to use its resources appropriately. Oxfam may be held
accountable for any misuse of funds or failure to fulfill its obligations to its stakeholders.

In terms of liability for the organization's operations, Oxfam can be held responsible for any harm
caused by its programs or activities, as well as for any negative impacts on the communities in which it
operates. The organization may also be subject to legal action or regulatory fines for any violations of
labor or environmental laws, or for any failures to comply with its charitable status.

Possible reasons for success: