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Tesco Finace Tesco is the biggest private sector employer in the UK with over 260,000 employees and over 1800 stores. It was founded by Jack Cohen in 1919 when he
Submitted by tumatixu on June 5, 2008
Category: Business
Words: 308 | Pages: 2
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Tesco is the biggest private sector employer in the UK with over 260,000 employees and over 1800 stores. It was founded by Jack Cohen in 1919 when he began to sell surplus groceries from a stall in the East End of London from which he earned a profit of £1 from sales of £4 on his first day. After 10 years, in 1929, Jack Cohen opened his first Tesco Store in Burnt Oak, Edgware, North London. Throughout the years until now Tesco Stores:
• Became a private limited company
• entered overseas market such as South Korea, Taiwan, Thailand, Poland, Slovakia & recently US
• launched a variety of services to customers such as on-line bookstore, on-line banking with Tesco Personal Finance, Tesco Broadband, Tesco Mobile Phone & Home Phone
• Also launched Club card Deals, 24 hr trading, 'Every Little Helps” Computer for Schools &'Would I Buy It' initiative to ensure highest quality for customers.
The core purpose of Tesco is to create value for customers to earn their lifetime loyalty. Tesco's core values are 'no-one tries harder for customers' & 'treat people how we like to be treated'. These core values characterise Tesco's approach to Corporate Responsibility in terms of Economy, Society, Environment, Charities & fundraising.
In other words, Tesco's Corporate Responsibility is to use their strengths to deliver unbeatable value, play their part in local communities through its charitable giving and community-based education programmes, work with their customers to help the environment by making efficient use of resources, reducing energy, water and testing renewable and Support good causes by aiming at giving 1% of their pre-tax profits to charity and raising £2million to provide care, life-saving equipment and skills for people in the UK.
The aim of this report is to make clear that how Tesco become the UK’s number one retail chain. This report will give emphasis on:
• Tesco’s...
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