tesco retail
DESCRIPTION
Vision and values of tescoTRANSCRIPT
TESCOGroup 3
1 in every 7 pounds spent in UK in 2007 was spent in TESCO
TESCO offers their best deals in out of town shopping centers rather than their city center ones
TESCO is Europe’s biggest property company
Core business: Retailing in UK• Established in 1919
• 60% sales and profit from UK• As of 2008, they had stores in each pin-code of UK
3rd Largest• Over 5,00,000+ employees
• Largest online grocer
Diversified into• Clothes, consumer electronics, consumer financial services, internet
services et…
High Standards
Clear Goals
12 Countries
VISION
‘To be the most highly valued business by: the customers we serve,
the communities we operate, our loyal and committed colleagues
and of course, our shareholders.’
ELEMENTS OF VISION
What Tesco
aspires to be?
Wanted and needed around
the world
A growing business, full of opportunities
Modern, innovative and
full of ideas
Winners locally whilst applying
our skills globally
Inspiring, earning trust
and loyalty from customers,
colleagues and communities.
No one tries harder for customersWe treat everyone how we like to be treated
We use our scale for good.
TESCO’S VALUES SUPPORTING ITS STRATEGIES• To grow the UK core• To be a creator of highly valued brands• To be an outstanding international retailer in stores
and online• To grow retail services in all markets• To be as strong in everything we sell as we are in food
No one tries harder for the
customers
• To build our team so that we create more valueWe treat everyone how we like to be
treated• To put our responsibilities to the communities we
serve at the heart of what we do We use our scale
for good
Understanding the
stakeholders
Changing &
Serving societies
Core Purpose
Culture
IMPORTANCE OF STRATEGIC PLANNING
IMPORTANCE OF STRATEGIC PLANNING
We make what
matters better,
together
Grow UK core
Create highly valued brands
Outstanding
international retailer
both in stores and
online
Grow retail
services in all
markets
‘the three big
ambitions’
Building team to create
more value
Be strong in
everything not just
food
STRATEGIES EMPLOYED
TESCO’S VISION & VALUES AFFECTING ITS SUCCESS
To create new opportunities
for people
Using ‘options scheme’ to train staff.
Target=6% Actual=5.8%
To improve health and help tackle
global obesity crisisProviding
colleagues and
customers with healthy
optionsTarget=9.3
million Actual=9.5
million
We treat everyone how we like to be
treatedPositive
viewpoint to the question ‘I
am treated with respect’
Target=74% Actual=71%
Community-focused global
business
Reduction of CO2
emissions
For stores built both before and after 2006
variance=+1.4%
• Although corporate motives for going green are often similar, the approaches can be quite different
• Tesco is primarily carbon-focused and deals primarily with managing, reducing, and offsetting carbon or greenhouse gas (GHG) emissions
• The company, the world's third-largest retailer, has pledged to halve emissions by 2020