Tesco Corporate Social Responsibility Essay

Great Essays
1. Introduction :
Sustainable management is the ability to successfully management of the quality life in our planet. It is applicable to all aspects of our lives. The practices of a business are also sustainable managed. It should be sustainable to stay with quality and proper existence in the business world. Here in this study, I will discuss about UK’s Supply Chain TESCO Plc’s sustainable management policy and its approaches. I also tried to analyze Corporate Social Responsibility and Utilitarian Approaches of Tesco Plc.

As we know, Tesco is one the big supply chain in the world having throughout fourteen (14) countries. Currently, they have 5380 stores globally. Tesco offers certainly an indelible remark within the supermarket scenery in the UNITED KINGDOM as well as rest of the world. Tesco is self-confident about keeping a positive effect on their interests in the long time.

The study discusses about the Corporate Social Obligation and Company Ethics of Tesco. Finally, this study will give a few appropriate suggestions to Tesco’s sustainable advancement under their Corporate Social Responsibility with Ethical Business approach.

2. Theoretical approaches

There are various approaches are included in the analysis for Sustainable Management. But in my study I have chosen Corporate Social Responsibility of TESCO along with their
…show more content…
The responsibilities in Tesco are beyond the shareholders and towards the stakeholders too (Hopkins, 2003). Tesco Plc has certain standards in order to be ethical and maintain it for sustainable management. These are followed by the EU regulations, banking transaction codes, etc. Some of the stakeholders have non-monetary interest. Therefore they are less concerned too. Tesco has responsibilities toward the suppliers of his retail stores. Such as, Tesco have keen attention on pay back to the suppliers. Following Freeman’s stakeholder approach, Tesco’s stakeholders

Related Documents

  • Decent Essays

    Milton Friedman is known for his various theories on the American economy and business world. In The Social Responsibility of Business is to Increase its Profits, he states that a business main social responsibility is to “use resources and engage in activities,” contributing to an increase in profit without committing fraud. The next article is by Efreeburg, detailing two companies who are the epitome of good social responsibility. Things such as environmental sustainability, employee and customer satisfaction and single-stream recycling are what make Greyston Bakery and New Belgium Brewing “Best for the World” These perspectives are incompatible.…

    • 345 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Sustainable supply chain management is somewhat overlooked when looking at how the company can improve right now but is arguably just as important. Defined as “the management of environmental, social and economic impacts, and the encouragement of good government practices, throughout the lifecycles of goods and services” (BSR). Proven to show that there is a correlation between sustainable supply chain management and positive economic performance (Kirchoff, Omar, Fugate 2016) building a successful supply chain must not only take into consideration of the companies present needs but also take into account the future requirements of the business. There are many factors that play a part in the sustainability of a supply chain system. Some of which are the quality of suppliers, strong supplier partnerships, monitoring these relationships and supplier evaluation and…

    • 1424 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Tesco Executive Summary

    • 800 Words
    • 4 Pages

    Tesco was established in 1919, has become the biggest retailer in Britain, and in rank as one of the top three global retail enterprises. Tesco develops its business in 13 countries worldwide, has more than 500,000 employees, and provides services for more than 5,000 customers every week. Tesco's business covers retail, finance, gas station, telecommunications, medicine and other fields. In addition, Tesco also actively expands the online retail business popular among customers. But from the beginning of 2013, significant problems appeared in the operation and management of Tesco.…

    • 800 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Tesco Plc Essay

    • 150 Words
    • 1 Pages

    Tesco is an internationally sized company, having multiple stores in Europe, Asia and North America. They have 6,351 stores worldwide and 3,376 in the UK. Tesco’s ownerships is owned by multiple different partners, Tesco is owned by thousands of people because Tesco is a PLC and is owned by shareholders who fund the company. Since they are a PLC this results in them having limited liability, if they go into debt then the owners are not liable for that debt, it is only up to the business. The purpose of Tesco is profit maximisation; their goal is to grow and maintain the number of retail in the UK and to provide goods and services that are cheap and affordable to the general public.…

    • 150 Words
    • 1 Pages
    Decent Essays
  • Great Essays

    Tesco Case Study

    • 1883 Words
    • 8 Pages

    Finance can have control over the money and if it is being spent in the correct way. This also helps Tesco achieve profit maximization. They will also have a hold over the growth of the business if the finance is managed correctly then budgets can be worked out giving money to areas which may need developing. They will then work with development and possibly R&D. which is research and development. | Distribution and Finance | In Tesco finance must know when goods have been dispatched so that invoices can be sent out.…

    • 1883 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    After the medal war, Tesco Stores entered the stock exchange market making it one of the largest supermarket chain stores (Clark &Chan,2014). By 1960, consumers had access to over 800 operating stores in Britain (Pitt&Koufopoulos,2012). So, what makes Tesco so effective in the market? Obviously, the locations and the loyalty towards it consumers create value. Also, Cohen’s…

    • 1094 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Tesco Case Study

    • 3744 Words
    • 15 Pages

    Tesco have addressed cultural challenges particularly well through extensive research, joint ventures and patience with learning the local culture as afore mentioned but also through their use of local managers rather than expatriates to translate into the local market the Tesco values. Tesco, ‘find local managers who can execute the customer side of that approach to win business. We don’t need armies of expatriates.’ (Reid, 2002) This use of local managers addresses the issue of economic differences too because through learning about the culture and using local managers from the local labour force, Tesco can understand the differences in living cost and disposable income.…

    • 3744 Words
    • 15 Pages
    Great Essays
  • Decent Essays

    Tesco has many stake holders that influence the decisions within the business. Stakeholders come in a Varity of positions such as the manager who are internal and manage the staff, handles planning and decision making. They make sure that the business is working efficiently since they are a representative of the owners and are responsible for that shop. There are also the external stakeholders like the customers who influence what is sold at the shops for example in china they might not celebrate Easter because they have a small Christian population. The customers are also the reason shops like Tesco exist because without them the business wouldn’t be able to thrive and grow.…

    • 329 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    Tesco has more online customer than other supermarket in UK. Following are the purposes of Tesco e-business strategy: Value proposition. This element refers to the value the firm offers to a specific target customer segment. ICT have had their most important impact on new ways of creating and delivering value (Benjamin, Wigand, 1995).…

    • 1456 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Introduction and Background Organisations’ management strategies and practices affecting environmental, ethical, social and global aspects have evolved significantly and the responsibilities of an organisation to society are those that arise in the concept of Corporate Social Responsibilities (CSR). CSR can be defined as “the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour (ACCSR, 2016). Though CSR is not compulsory, it is expected and issuing regular CSR reports detailing social and environmental performance is considered best practice (Carroll 2004, 116). HSBC was established in 1865 and its named derived from founding member, The Hong Kong and Shanghai Banking Corporation Limited. HSBC is one of the largest Banking and Financial Institutions in the world, operating in 71 countries across the globe and crossing multiple jurisdictions (HSBC Group 2016).…

    • 1463 Words
    • 6 Pages
    Great Essays
  • Great Essays

    However, Sainsbury’s marketing initiatives shows capability to recover financially by proving success with their non-financial KPIs working along with CSR that contributes to the management and sustainability of their financial KPIs. The commitment to remain affordable remains in restoring faith in pricing strategies, such as brand matching guarantees, giving consumers the confidence that their pricing is fair if nor fairer than their competitors to capture those keen on making good savings. Its marketing strategy is therefore more focused on growing its market share but also with focus on ensuring that the customers, colleges and shareholders support gained are retained. Overall, with these KPIs present Sainsbury’s fulfils the needs of stakeholders at an economic, political and social level accounting to being a sustainable business by seeing growth for the future in the long-term and this is what all stakeholders, variably shareholders and investors wants. Whilst CSR focuses on moving a business away from economic concerns and raises issues of environmental and social concerns it verifies Sainsbury’s had positive combined benefits highlighting increased environmental and social legislation and increasing consumer sanctions for unethical behaviour such as using…

    • 1650 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Executive summary With the change in economic environment, technology is also changing. In the recent few years, the number of smart phone users has increased rapidly. The Smartphone has created a different image in the minds of people and became a part of their life. The Smartphone is not only the mode of communication, but also best medium of entertainment. Its different qualities and features have made it popular worldwide.…

    • 3878 Words
    • 16 Pages
    Improved Essays
  • Improved Essays

    There are four approaches that organizations can take with respect to environmental issues and going green, namely legal approach, market approach, stakeholder approach and activist approach. Each of the approaches shows different level of social responsiveness. In fact, they can be link with the corporate social responsibilities which also divided into four categories: economic responsibilities, legal responsibilities, ethical responsibilities and philantrophic responsibilities. They are correlated to each other.…

    • 971 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    iii. Factors influence Corporate Social Responsiveness In business world, managers have to deal with a range of unstable and ever-changing issues, as well as the same complex stakeholder groups that have different interests (McMahon, 1999). Davis and Blomstrom’s “Iron Law of Responsibility” mention that corporate social responsibility must commensurate with their social power (Salbu, 1993). Any avoidance of social responsibility will lead to the loss of power given by the society. Welcomer, Cochran, Rands, & Haggerty (2003) indicate that stakeholder power and corporate social responsiveness have positive relationship.…

    • 1119 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The topic of “social responsibility of a business” has always been a debatable topic. Many argue that a business has much more responsibility than just focusing on the increase of profits. For example, the environment, the consumers, the employees etc. They think these factors should be some of the primary focuses of a corporation. In this research paper I am analyzing that businesses and corporation’s social responsibility is to be socially responsible while increasing profits because that is what they are developed to do.…

    • 1433 Words
    • 6 Pages
    Improved Essays