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Essay / Why Trade Internationally: Researching Tesco
Table of ContentsIntroductionActivitiesStructureFinancial Performance/Types of Finance Available to TescoIntroductionIn this report I will bring together research and evidence on companies that trade internationally. I'm going to research Tesco's operations in Poland. Tesco operates in mainly developed economies, for example, Czech Republic, France, Hungary and many others. Say no to plagiarism. Get a tailor-made essay on 'Why violent video games should not be banned'?Get the original essayActivitiesThe reason why Tesco became the number one retailer in the UK is because as an organization it has been determined to successfully cover all business sectors for their full advantage in order to grow and maintain their number one position. Over the years, Tesco has enjoyed success in many business sectors. For example, in 2013, Tesco purchased a 49% stake in a coffee chain called Harris and Hoole. The hair and beauty sector has also seen great success for Tesco, which has opened 70 new in-store beauty stores across the UK. The reason they were and still are so popular in the beauty industry is because they offer manicure, threading and waxing treatments and they also sell high-end brands such as Clarins and Clinique at reduced prices. They have also opened real estate agencies, launched their own online real estate service and have their own mobile network. They also have their own travel department and health services such as pharmacies, opticians and dentists in store. Tesco also offers various online delivery options. Tesco delivers to over 98% of UK residents. They offer many different options to satisfy all customers. They offer contracts with different types of deliveries. For example, customers can choose a one-month contract or a six-month contract for free deliveries on any day, including same-day deliveries, they also do mid-week deliveries to accommodate everyone. customers. StructureThe organizational structure of Tesco is called a divisional structure which is a type of organization. structure that groups each organizational function into a division. These divisions can correspond either to products or to geographic areas. A divisional structure works for Tesco because the flow of communication is much tighter, which is necessary in a large organization like Tesco. At the top of the hierarchical structure is the CEO who controls the managing director and the non-executive chairman. The chief executive and non-executive chairman control the financial director and the financial director controls the executive directors and the directors control the managers and the directors control the employees. Tesco has 10 members. At the top is the CEO who is the head of all the staff and is the person who makes all the important decisions regarding the company. Other members of the board of directors include the president, chief financial officer, chief executive officer and other non-directors. They also have an executive committee made up of 9 people each leading different departments. The second level is called the middle level: these are the ground staff and the board of directors. They perform functions such as funds, personal relationships, marketing and advertising. The top of the base level is held by a regional director. Beneath him are the..