Report on TESCO using a case study Essay Example | Topics and Well Written Essays - 2750 words

Report on TESCO using a case study - Essay Example Recently, Philip Clarke, chief executive officer of the firm, has declared that they are opening new spaces of 700000 square feet in order to build new supermarkets. Additionally, Tesco is launching new restaurants for attracting more customers in the supermarkets (Wood, 2014). The technological innovations made by the company are its rare resources in business. The company has developed new electronic self edge labels. Tesco has also introduced a new application for Smartphone and tablet users, named HUDL. This application would allow customers to check product availability in Tesco supermarkets (Wood, 2014). The workers are highly trained and help to enhance overall productivity of business. In addition, the company has recently introduced the new semi-automatic store picking service. Such services of the company are delivered by refrigerated delivery vans. These service resources of the firm are imitable; but, would involve high costs for its competitors (Peng, 2008). The rare and valuable resources of the company can be used appropriately only with the essence of efficient organizational framework. All inbound and outbound logistics branches of the company comprise expert teams of workers who aid in enhancement of quality of services across all the marketplaces. The firm encourages participatory atmosphere in workplaces and hence, constantly implements ways by virtue of which commercial prosperity can be effectively fostered. Initially, majority of company’s profits were generated from its U.K. marketplaces. However, over time, Tesco has expanded its scope of business internationalization and a substantial amount of the profit is yielded from other nations, apart from U.K. Figure 1 in the Appendix shows total turnovers of Tesco from international markets in 2007. Figure 2 in the Appendix shows that from 1998 to 2007, financial resources of Tesco had substantially increased. From 2011 to 2012,