ipl-logo

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

Show More
Related
940 Words | 4 Pages

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

Read More
1377 Words | 6 Pages

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.

Read More
1963 Words | 8 Pages

Committee on the set by the leadership of the hospital as needed which consists of the Medical Committee and the Committee of ethics and the law. The Committee is headed by a Chairperson who is appointed and dipilihm defined by the direction of the hospital. In terms of the formation and changes of the number and type of committees, the Chairman of the hospital needs the approval of the Director-General of Medical Service of community development), Installation (non-structural Service Unit that provides the facilities and organizing activities, education and research hospital). One of the components that are instrumental in the process of implementation of good corporate governance is the audit committee. The Influence of the audit committee in ensuring the quality of financial reporting of the company has become the spotlight since the onset of the accounting scandal became public

Read More
192 Words | 1 Pages

Barclays Coffee & Tea is a local business here in Northridge surrounding our university, located a mile away from the campus on 8976 Tampa Ave, Northridge, CA 91324. More about Barclays Coffee & Tea can be found on their website: “Barclays Coffee and Tea Co. was founded in 1973. With over 40 years of experience, we are a premier coffee and tea shop with a specialty selection in high quality products and depth of knowledge in the sourcing, roasting, and brewing of coffee and teas. We aim to share our passion with the world, one cup at a time.” [www.barclayscoffee.com] Besides providing guests with an amazing cup of coffee, Barclays Coffee & Tea also hosts music nights, book signings, and not to mention coffee and tea tastings happening in-store.

Read More
1509 Words | 7 Pages

2. Overview of Tesco Tesco

Read More
1025 Words | 5 Pages

Recognition: It is important for Tesco to recognize their problem. Although, from Tesco’s perspective, there may not be a flaw with the product or service, it is important to know that their customer is unsatisfied and stakeholders. In order to retain customers every issue must be taken seriously. Their customer must never feel that they are being blamed for the problem.

Read More
1680 Words | 7 Pages

Tesco is amongst the largest food retailers in the United Kingdom (U.K) with over 3,400 stores and staff amounting up to 310,000. Tesco operates predominately in Europe and America with their headquarters located in the U.K. Tesco has the greatest market share in the U.K dominating approximately 28% of the overall market at the end of 2017. However, there is a constant battle in the highly competitive U.K supermarket industry with the four major players being Tesco, Sainsbury, ASDA and Morrisons. In recent years, Tesco has had to change their business model as well as their services to stay a market leader and differ-entiate from the competition. To find the main sources of competitive advantage that Tesco has over its competitors an analysis of the structure of the industry should be under-taken (Porter, 1980).

Read More
1852 Words | 8 Pages

Essentially a strategic plan is an extensive inspection at where the organization is, where it wants to be, and how it can get there. The

Read More
805 Words | 4 Pages

' The main aim for the firm is to stay as the UK 's leading supermarket and provide good quality services and products at a low cost so that they are cheaper than their competitors. Their objectives are to maximise sales which will increase their profits. They want to decrease their prices to make shopping cheaper for the average household. They want to introduce healthier products which will attract more customers and they want to help reduce food waste worldwide and guaranteeing surplus food goes to those in need. Brockenhurst college has many community values *********** Tesco is a public limited company (PLC) which means the public can buy shares in the firm.

Read More
1656 Words | 7 Pages

Introduction The main objective of the paper is to develop a report for a shareholder that will interpret financial statements of Tesco Plc. for 2013-2014. The shareholder is specifically concerned about the fraudulent reporting. In this way, the paper will explain the reason of income statement and statement of financial position.

Read More
1031 Words | 5 Pages

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.

Read More
1636 Words | 7 Pages

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?

Read More
1362 Words | 6 Pages

The audit team submits the audit report to the Board of Directors and management in a transparent and open process. It determines improvement opportunities. It is the objective of auditors and management to address the critical issues of change management first. Then, they address the important ones next. Managers and auditors ensure that goals are achievable and useful to the company.

Read More
4003 Words | 17 Pages

We will be going through the company values, identifying how their values and their mission statement coincide with one another. We want to identify what their their mission is, the culture the company promotes, identify their competition, see where and how they are doing financially, etc. I also will be going through their SWOT analysis to give us an idea of how they?re strategic plan flows. We will give you an idea of how their management and leadership decision either cost them or is responsible for the success. At the end of the paper, I will give my conclusion on where I think the company can use improvements or if they need to work on a new plan all together.

Read More
1346 Words | 6 Pages

When there is a need by the Audit Committee, the relevant members of the Management Team will also be invited to attend the

Read More

More about Tesco Strategic Report

Related Topics

Open Document