Tesco’s International Growth Strategy Tesco, founded in 1919 by Jack Cohen, is a British multinational grocery and merchandise retailer. It is the largest grocery retailer in the United Kingdom, with a 28 percent share of the local market, and the second-largest retailer in the world after Walmart measured by revenue. In 2015, Tesco had sales of more than $71 billion, more than 500,000 employees, and 6,814 stores. In its home market of the United Kingdom (with a headquarters in Chestnut, Hertfordshire, England), the company’s strengths are reputed to come from strong competencies in marketing and store site selection, logistics and inventory management, and its own label product offerings. By the early 1990s, these competencies had already given the company a leading position in the United Kingdom. The company was generating strong free cash fows, and senior managers had to decide how to use that cash. One strategy they settled on was overseas expansion. As they looked at international markets, they soon concluded the best opportunities were not in established markets, such as those in North America and western Europe, where strong local competitors already existed, but in the emerging markets of eastern Europe and Asia, where there were few capable competitors but strong underlying growth trends. Tesco’s frst international foray was into Hungary in 1994, when it acquired an initial 51 percent stake in Global, a 43-store, state-owned grocery chain. By 2015, Tesco was the market leader in Hungary, with more than 200 stores and additional openings planned. In 1995, Tesco acquired 31 stores in Poland from Stavia; a year later, it added 13 stores purchased from Kmart in the Czech Republic and Slovakia; and the following ye… … food retailer with 13 stores. Building on that base, Tesco had more than 380 stores in Thailand by 2015. In 1999, the company entered South Korea when it partnered with Samsung to develop a chain of hypermarkets. This was followed by entry into Taiwan in 2000, Malaysia in 2002, Japan in 2003, and China in 2004. The move into China came after three years of careful research and discussions with potential partners. Like many other Western companies, Tesco was attracted to the Chinese market by its large size and rapid growth. In the end, Tesco settled on a 50–50 joint venture with Hymall, a hypermarket chain that is controlled by Ting Hsin, a Taiwanese group, which had been operating in China for six years. In 2014, Tesco combined its 131 stores in China in a joint venture with the state-run China Resources Enterprise (CRE) and its nearly 3,000 stores. Tesco owns 20 percent of the joint venture. Tesco is the largest grocery retailer in the United Kingdom and the second-largest retailer worldwide after Walmart. Source: © Guang Niu/Getty Images As a result of these moves, by 2015 Tesco generated sales of $25 billion outside the United Kingdom (its UK annual revenues were $46 billion). The addition of international stores has helped make Tesco the second-largest company in the global grocery market behind only Walmart (Tesco is also behind Carrefour of France if profts are used). Of the three, however, Tesco may be the most successful internationally. By 2015, all its foreign ventures were making money. In explaining the company’s success, Tesco’s managers have detailed a number of important factors. First, the company devotes considerable attention to transferring its core capabilities in retailing to its new ventures. At the same time, it does not send in an army of expatriate managers to run local operations, preferring to hire local managers and support them with a few operational experts from the United Kingdom. Second, the company believes that its partnering strategy in Asia has been a great asset. Tesco has teamed up with good companies that have a deep understanding of the markets in which they are participating but that lack Tesco’s fnancial strength and retailing capabilities. Consequently, both Tesco and its partners have brought useful assets to the venture, increasing the probability of success. As the venture becomes established, Tesco has typically increased its ownership stake in its partner. For example, by 2015 Tesco owned 100 percent of Homeplus, its South Korean hypermarket chain, but when the venture was established, Tesco owned 51 percent. Third, the company has focused on markets with good growth potential but that lack strong indigenous competitors, which provides Tesco with ripe ground for expansion.

Summary

This feature describes Tesco’s international expansion strategy. Tesco, the British grocer, has established operations in a number of foreign countries. Typically, the company seeks underdeveloped markets in developing nations where it can avoid the head-to-head competition that goes on in more crowded markets, and then enters those markets via joint ventures where the local partner provides knowledge of the market while Tesco provides retailing expertise. Discussion of the feature can revolve around the following questions:

1. Reflect on Tesco’s decision to expand internationally primarily through establishing operations in developing countries. What makes these countries attractive to Tesco?

2. Why does Tesco believe it is important to transfer its core capabilities to new ventures? How have the company’s partners helped it find success in foreign locations?

Reflect on Tesco’s decision to expand internationally primarily through establishing operations in developing countries. What makes these countries attractive to Tesco
Order Now on customessaymasters.com

Testimonials

Subject: Marketing

Thank you very much, Great job! On time delivery! 

Victoria, ~ Sydney, AU.

Subject: Management

Well done, I got an A and I am so happy! Thanks alot! 

J. Williams ~ London, UK

Subject: Sociology

Excellent work and timely delivery! I won't hesitate to order again and I highly recommend. 

Jeniffer ~ New York, USA.

Subject: Nursing

The quality of my research paper was outstanding and the writer was very cooperative.

Rachel, A. ~ Australia

Briefly discuss narrative designs

Please follow the DDBA Rubric uploaded page 44-45 resources must be no older than 2015 APA format 2 paragraphs Draft Study uplaoded Hypothetical Qualitative Example The three research methods include qualitative, quantitative, and mixed methods (cite). I selected the qualitative method to use open-ended questions. Qualitative researchers use openended questions to discover what is occurring or has occurred (cite). In contrast, quantitative researchers use closed ended questions to test hypotheses (cite). Mixed methods research includes both a qualitative element and quantitative element (cite). To explore (your topic), I will not be testing hypotheses which is part of a quantitative study or the quantitative portion of a mixed methods study. 47 Note: As you can see, the example clearly starts with topic sentences (red text) that foreshadow what is to be addressed in the paragraph. Notice the quantitative method paragraph does not address the design, as the topic sentence does not suggest the design is the focus of the paragraph. The design is not foreshadowed in the topic sentence. Remember, a topic sentence alerts the reader to the main topic of the paragraph. March 2016 39 I considered four research designs that one could use for a qualitative study on (2-3 words identifying your topic): (a) miniethnography, (b) focus group, (c) narrative, and (d) case study. (Note: Select the designs that you considered and are applicable to an applied qualitative study.) Miniethnography involves… (Briefly discuss miniethnography, 1-sentence defining with a citation, 1-sentence if needed why it is or is not the optimal choice). Business researchers use focus groups to… (Briefly discuss focus groups, 1-sentence defining with a citation, 1-sentence if needed why it is or is not the optimal choice). A narrative design entails… (Briefly discuss narrative designs, 1-sentence defining with a citation, 1-sentence if needed for why it is or is not the optimal choice). Case study researchers… (Briefly discuss case study, 1-sentence defining with a citation, 1-sentence is needed why it is or is not the optimal choice).

Is it not in the best interest of the police to have citizens record their activity particularly when a citizen may bring a false accusation of excessive force or other charge

Does the fact that police and law enforcement promote the use of CC-TV cameras in public places to deter criminal activity and for use in criminal investigations, yet balk at citizen use of recording devices to capture police activity in public spaces appear contradictory and self-serving? Or, do the police have a valid reason for citizens to refrain from recording such activity? Is it not in the best interest of the police to have citizens record their activity particularly when a citizen may bring a false accusation of excessive force or other charge?

Discuss the key risks to a health care organization that fails to allocate sufficient support and resources to a newly implemented health care information system

“Strengths and Weaknesses of System Acquisition and Implementation”

  • What are the various options for acquiring a health care information system and the advantages and disadvantages of each option?
  • Discuss the key risks to a health care organization that fails to allocate sufficient support and resources to a newly implemented health care information system. Next, propose one (1) strategy to mitigate the risks in question. Provide a rationale to support your response.

Advantages of a senior manager praise the team’s progress

You’re considering whether to apply for a headquarters job at Galaxy Global Express (GGE), which competes with FedEx and UPS in the market for express delivery services. Researching GGE, you found the following quotes from executives, employees, and financial analysts. Indicate whether each quote reflects high motivation, high morale, low motivation, or low morale. Select High motivation High morale Low motivation Low morale  “I feel energized when I go to work, because GGE gives me a great deal of freedom to apply my knowledge and make decisions when problems arise.” Select High motivation High morale Low motivation Low morale  “My coworkers and I worry about GGE’s financial stability. We’re not sure our jobs are safe, and many coworkers call in sick so they can go on job interviews with other firms.” Select High motivation High morale Low motivation Low morale  “Although I like my manager and my peers, task assignments are so repetitive and projects are so boring that I do the minimum amount of work I can get away with.” Select High motivation High morale Low motivation Low morale  “The people in my department are very enthusiastic about their jobs, and turnover is lower than in other departments.” Digging deeper before your interview, you learned more about GGE’s employee policies and programs. Use the drop down menu to match each item in the following list with the corresponding level in Maslow’s hierarchy of needs. Select Self-actualization needs Safety needs Physiological needs Esteem needs Social needs  Employees who successfully complete unusually challenging work assignments are honored at the annual holiday banquet. Select Self-actualization needs Safety needs Physiological needs Esteem needs Social needs  New employees receive generous health and life insurance coverage starting 30 days after they join the company. Select Self-actualization needs Safety needs Physiological needs Esteem needs Social needs  GGE offers numerous educational courses for employees who want to sharpen their skills or add to their knowledge. Select Self-actualization needs Safety needs Physiological needs Esteem needs Social needs  Employees can order free lunch from the company’s cafeteria and take snacks back to their desks. Select Self-actualization needs Safety needs Physiological needs Esteem needs Social needs  GGE sponsors free clubs for employees who want to participate in group hikes, ski races, and other activities. You’ve just left your interview with GGE. Reviewing your notes, you can see that the company is applying Herzberg’s motivation-hygiene theory. Using the drop down menu, categorize each item from your notes as either a motivation factor or a hygiene factor. Select Hygiene factor Motivation factor  GGE strives to pay employees more than the competition. Select Hygiene factor Motivation factor  GGE employees are promoted quickly as they demonstrate the ability to assume additional responsibilities. Select Hygiene factor Motivation factor  GGE uses 360-degree performance evaluation to determine how peers and subordinates get along with each other. Select Hygiene factor Motivation factor  GGE uses “employee of the week” awards to honor outstanding job performance. Select Hygiene factor Motivation factor  GGE sponsors free clubs for employees who want to participate in group hikes, ski races, and other activities. Select Hygiene factor Motivation factor  GGE’s offices are spacious enough to allow for private, quiet work spaces for all. You began work at Galaxy Global Express last month, as an assistant director of employee training. You and your team of 10 employees provide orientation for new employees and hold skill-building training workshops every week for current employees. You’re also responsible for motivating your subordinates to perform well on their own and as part of a team. Using the drop down menu, decide what type of reinforcement you will use in each of the following situations. Select positive reinforcement punishment extinction expectancy  Glen is such an enthusiastic trainer that he often runs over his allotted time during a workshop, usually only by a few minutes. Employees who attend the trainings have tight schedules and must return to work, so a few have been quietly slipping out after the scheduled ending time. Select positive reinforcement punishment extinction expectancy  Ellen recently submitted a detailed outline of a new training program that will be needed when GGE switches to a new cloud computing system later this year. She included many creative ideas that will make it faster and easier for employees to learn to use the new system. Select positive reinforcement punishment extinction expectancy  Barbara has been making nasty personal remarks to coworkers for months. Yesterday a coworker reported that Barbara’s comments were so offensive and inflammatory that he is going to lodge a formal complaint with a government agency. As the director of training with a staff of 26 trainers, you have the opportunity to apply a variety of motivation techniques. Which of the following statements about different motivation techniques are true and which are false? Select True False  FedEx can use job redesign to cultivate the worker-job match and motivate workers by presenting more variety and challenge. Select True False  FedEx can use management by objectives to empower employees so they work hard to achieve individual goals that top management has set. Select True False  FedEx can use behavior modification to empower high-performance employees to achieve specific goals. Select True False  FedEx can institute flextime with a core time when all employees must be at work, to accommodate personal lifestyles. Assume FedEx is implementing management by objectives. Using the drop down menu, select the order of the following activities for an effective MBO program. Select 1 2 3 4 5 6 7  Manager and employee determine the resources needed for the employee to accomplish the agreed-upon goals. Select 1 2 3 4 5 6 7  Top executives develop preliminary goals that are in line with the organization’s strategy and mission. Select 1 2 3 4 5 6 7  Manager meets with each employee to review the goals that have been met and the goals that have not been met, and determine reward(s) for achievement. Select 1 2 3 4 5 6 7  Top executives agree to support, approve, and participate in the MBO project. Select 1 2 3 4 5 6 7  Together, manager and employee agree on individual goals for that employee, based on the department’s and organization’s goals. Select 1 2 3 4 5 6 7  Manager meets with each employee to explain the organization’s and department’s goals and requests input on how the employee can help accomplish those goals. Select 1 2 3 4 5 6 7  Manager and employee meet regularly to review progress toward individual goals. You are a manager at Apple, where you supervise the department that designs visual layout and fixture placement for Apple stores worldwide. Six months ago, you began a pilot program with two self-managed teams. This morning, you jotted down your comments about the pilot program. Use the drop down menu to identify which comments represent advantages and which represent disadvantages of self-managed teams. Select Advantage Disadvantage  Team members are enjoying the stimulation and creativity of varying their work tasks. Select Advantage Disadvantage  At times, team members are unsure which member will take the lead for a particular project. Select Advantage Disadvantage  Special coaching and education was needed to teach members all the tasks for which the team is responsible. Select Advantage Disadvantage  These teams are using their resources more efficiently and completing project earlier than scheduled. Select Advantage Disadvantage  Team members say they have even more positive feelings about the company and their jobs compared to how they felt before the pilots began. You’ve invited members of several Apple departments to be involved in the problem-solving team assigned to create the new display fixture. Although you have only one month to complete this project, the team has to move through five stages of development: Forming, Storming, Norming, Performing, and Adjourning. Use the drop down menu to select the correct stage of group development for each statement. Select Forming Storming Norming Performing Adjourning  The team is working in harmony and focusing to accomplish its goals. Select Forming Storming Norming Performing Adjourning  Members are getting to know each other and some conflict may occur as they develop goals. Select Forming Storming Norming Performing Adjourning  With the project completed on time, the team disbands. Select Forming Storming Norming Performing Adjourning  The team meets for the first time and a group dynamic begins to emerge. Select Forming Storming Norming Performing Adjourning  Members recognize the roles of others and develop a sense of unity as the group stabilizes. The problem-solving team you formed at Apple is struggling to gain cohesiveness. Of the following statements about this aspect of teamwork, which are true and which are false? Select True False  As team members become more familiar with each other, their frequent interaction helps to build cohesiveness. Select True False  Hearing a senior manager praise the team’s progress or accomplishment can strengthen the team’s cohesiveness. Select True False  If the team has to compete with another team for recognition, the conflict can detract from cohesiveness. Select True False  Larger teams are more cohesive because roles are clearer and the work is shared by more people.
45 m

CLICK TO ORDER NOW