Cost Leadership In Tesco

These are considered by a single retailer’s reply to the business structure. In addition, for a huge retailer, like Tesco, to acquire a maintainable competitive advantage they must chart either one of three generic approaches, established by Porter. Cost leadership is the initial strategy in which Tesco can endeavour to have the bottommost costs in the business as well as propose its goods and services to a comprehensive marketplace at the bottommost charges (Felgate & Fearne, 2015). This strategy would be grounded on the Tesco’s aptitude to regulate their working costs so sound that they are proficient to price their merchandises competitively as well as be competent to produce greater profit margins, therefore having a noteworthy inexpensive …show more content…
The organisation under consideration is the international organisation, which means that the organisation has to comply with the rules and regulations of the respective country apart from the fact that they are slightly different from the ones in the UK (Schiraldi & Smith, 2012). The considered organisation is also responsible for the payment of the taxes without any avoidance. It is also noticed that the email accounts specifically the private emails are restricted to access during the working hours in the selected organisation. However, many of the employees in the organisation do not follow this rule and hence, find themselves in an ethical and legal dilemma. Moreover, the use of the internet may put the employers and the employees at odds due to the fact that both sides are trying to protect their personal interests. The employees are assumed to maintain their privacy while employer of the selected organisation ensures that there is no misuse of the organisational resources. For this purpose, the ethical monitoring policies are being implemented in the Tesco so as to avoid the indiscriminate monitoring of the online activities of employees (Imrie & Dolton, 2014). It is obvious that employees in Tesco are not permitted to access the internet …show more content…
For this reason, the major aspect is the financial resources and the successful implementation of the strategic choices since the inception of the organisation is highlighting that the organisation is having the strong financial resources available for each of its strategic option. Apart from the financial resources, another important element required for the Tesco is manpower (Imrie & Dolton, 2014). It is evident that the organisation under consideration possesses the skilful and efficient workforce to participate in the consistent success of the organisation on the international level. The organisation has the considerable strategies for maintaining the competitive position while having the skilful and updated workforce (Metzger,