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TRANSCRIPT
TESCOTesco is a large international retailer. It sells a large
amount of different products from groceries to furniture.
It’s objective is to have long term growth, dominate and
expand in global markets and have strong customer loyalty
by providing best service possible. To achieve those
objectives it employs more than 360,000 employees
Mission and Vision StatementMission statement: Creating value for customers to enable them to earn their life
loyalty.
Vision statement: • 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, our colleagues and communities
Location of Factor
Internal
External
Favorable UnfavorableStrengthsMarket presenceStrong performance of TescoStrong brand name
WeaknessesHigh dependence on the UK and Europe Weak inventory turnover
OpportunitiesGrowing online shopping in the UK Growing music and video market Opportunities in private label markets Opportunities in India and other international market
ThreatsIncreased minimum wages in the UK Rising food prices in the UK Intense competition
TYPE OF FACTOR
SWOT Analysis(Tesco Company)
Strategic Plans
Strategic Plans Of Tesco
Strategic Plan of Tesco
Grow the UK
coreBeing
strong in everything they
sell.
Building team to create more value.
Retail service in all
market.
Internatinal
retailer in
stores and
online
Serves at the heart what
they do
Being creator of
highly valued brands.
Recruitment and SelectionRecruitmentThe process of attracting a pool of qualified applicants
that is representative of all groups in the labor market.InternalExternalAlternatives
SelectionThe process of assessing who will be successful on the job,
and the communication of information to assist job candidates in their decision to accept an offer.
Job AnalysisJob specificationJob Description
TESCO’s HUMAN RESOURCE MANAGEMENT POLICIES POLICES
Finding aqualified employees
Training & Development
Compensation, Rewards and Benefits
Maintaining good relationship with the
employees
Conclusion Their mission, vision and strategy show their
overwhelming commitment towards their businesses and customers. Though their SWOT analysis report show huge strengths and opportunities but also they have concerning threats and weakness. Its successes are highly attributed to the role of its human resource management department which has assisted the organization to be in its effective position in the market today. Overall it is a well-structured company with effective management and effective leadership.