Tesco and Globalization Essay

2168 Words Jan 1st, 2013 9 Pages
1.0 Introduction
Management is like investment, its goal is to get the most out of resources, add the most value or get the best return. Management can be defined as achieving goals in a way that makes the best use of all resources. This definition covers self-management as well as managing people, being a manager. Whenever you prioritize, you are managing your time. You manage yourself and all other resources at your disposal in order to do a good job.
Boddy (2007) describes management as the activity of getting things done with the aid of people and other resources. Management is both a universal human activity and a distinct occupation. Management is a feature of most human circumstances, domestic, social and political as well as in
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Although the UK economy was declared officially under recession in 2008, the government’s substantial reduction in interest rates helped to minimise further rises in unemployment during 2009 * The percentage of overall consumer spending on food has risen considerably over the years, as shown below (Euromonitor, 2010)
Social
* Consumers’ attitude towards food is incessantly changing as they have become more health- conscious. An increase in the demand for organic food has been accommodated by Tesco to reflect this change in demand. Payment by cheques and cash at the checkout was first made possible by Tesco.
Technological
* The operation of supermarkets is being affected by the use of the internet through online grocery retailing, which is showing steady growth. Subscriptions to the internet have grown by over 50% and it has been estimated that the internet is being used by 70% of the population in the UK * Loyalty programs are being introduced through information technology which discourage customers from switching over to their competitors

Environmental * Tesco has introduced its Greener Living Scheme to give consumers advice on environmental issues, including how to reduce food waste and their carbon footprint when preparing meals * Consumers reusing bags, recycling mobile phones and aluminium cans and preferring bag less deliveries are being rewarded through Tesco’s green Club

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