Answer to Question #296501 in Management for shan

Question

Jack Cohen founded Tesco Plc (TSCO.L) in 1919. After expanding into every available market in the United Kingdom, including developing new store formats for small areas (Tesco Metro) and a superstore format (Tesco Extra), new product lines such as electronics and home goods, and an environmentally-aware range of foods, the company began to expand internationally.

Tesco operates using four strategic business units - Core UK, which handles United Kingdom grocery operations, International, which handles international holdings, Non-Food, which handles sales of electronics, home goods and other non-food items sold in Tesco Extra and other stores, and Retailing Services.

Question 2

Advice TESCO on the changes or improvements which ought to be done as to the retailing related sector in order to overcome the pandemic situation as faced by the world now strategically beside their current practice in the industry.

Answer 1

It should invest in the e-commerce sector to ensure that even in the future lockdowns, it would still be able to complete orders to customers all around the world.

As most people are concerned with the food they eat and most people are aiming at going organic, it should try to produce organic grocery products as possible. This is could make it customer trusted as they know they are getting good clean food.

Investment in research so as to determine what people like and what people don't like. This would decrease wastages and production of goods that suit their market well.