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Tesco Strategic Report

1399 Words6 Pages

A Strategic Report provides shareholders of the company with information that will enable them to evaluate how the directors have performed their duty to promote the success of the company. A strategic report will always contain information that is material to its shareholders just like an annual report. A strategic reports main objective is to provide an understanding into the company’s business model and its main strategy and objectives. It also provides the users about the risks faced by the company and its impact in the future. The companies past performance is also analysed in the strategic report. Various users like the management, employees, shareholders, creditors, investors and customers use a strategic report internally and externally. …show more content…

According to Tesco’s strategic report, the total sales for the year was 69.7bn and profit was 1.4 bn and Tesco Plc.’s net debt was (8.5 bn), these information will be helpful to some of Tesco’s primary stakeholders like the owners and the investors; as owners, they would want to know the position of the company and also will help them determine any future course of action and Investors want to make sure they can earn a reasonable return on their investment before they commit any financial resources to the company. Tesco plc.’s strategic report also showed the number of employees and the number of shops around the world, which was 517802 and 7812 respectively. Tesco used 6 simple performance indicators instead of the steering wheel method, which they thought was too complex. One of the key performance indicators for Tesco is that Colleagues recommended Tesco as not only the best place to work but also the best place to shop, this is of relevance to employees and customers as 70% recommended as the best place to work and 77% recommended Tesco as the best place to shop. Another key indicator was that Tesco had strong …show more content…

The audit reports are usually used by shareholders, as they would want to check if the money they have invested is put to good use and also to calculate the amount of dividend they would get if the company were doing well. The management and the board of directors as well would use the information to see how well the company is doing and to know if the firm is free from fraud and is assessed properly. The fourth key committee, which helps the board reach targets, is the remuneration committee, which is headed by Deanna Oppenheimer who is the chair of the remuneration

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P6 Tesco/ Kirkwood Political Tesco operates worldwide so the global political factors influence the performance of the business. Which include tax rates, acts of legalisation and the stability of the county the business operates in, because of the ongoing financial instability in the world and a lot of the governments encourage the retailers to create jobs for the country. Tesco can create opportunities for employments which also increases the demand for their products and diversifies its workforce. One example of political is to increase or decrease in tax. The government might increase taxes for some company and decrease for others, this will have an impact on Tesco so they need to always stay up to date with political factors

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Economic factors: In a rapidly economical changing world, TESCO seek to create strategies that would fit those changes such as inflation rate, taxes, interest rates as well as exchange rates. High unemployment rate is a major factor that affects Tesco performance, with weak power of purchase on Tesco products which impact Tesco ability on producing several items, especially with Brexit, employers would use it as an excuse to sack people and become more redundant. Inflation jumped more sharply than expected to 1%, the highest level in almost two years, the slump in pound lead to a rise in Tesco’s major supplier prices Unilever, who asked for a rise in prices.

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1656 Words | 7 Pages

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Tesco is retail organisation working in the UK and has accomplish numerous turning points that made them the greatest retail supermarkets everywhere throughout the world. The organisation is working with various 67,784 stores in a wide range of nations on the world with a turnover of about £62.284 billion as it is recorded in the year 2015. Business pattern of the Tesco incorporates grocery stores, hyper stores, and superstores alongside their substantial assortment of organic and non-organic item in the business sector. The organisation is recorded in the London Stock Exchange. It is a part of FTSE 100 Index.

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A variety of strategic planning tools (described in the section below) may be completed as part of strategic planning activities (Bradford and Duncan, 2000). The organization's leaders may have a series of questions they want answered in formulating the strategy and gathering inputs, such as What is the organization's business or interest? , What is considered "value" to the customer or constituency? , Which products and services should be included or excluded from the portfolio of offerings? , What is the geographic scope of the organization?

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