The appendices of Poster Essay Example | Topics and Well Written Essays - 2750 words

The appendices of Poster - Essay Example It owns several cash & carry clubs, forecourt stores, discount department stores, discount stores, hypermarkets and supermarkets. It is a publicly traded organization and its shares are listed in the London and Irish Stock markets. The company was founded by Jack Cohen, in 1919 (Tesco Plc, 2011). The current CEO of the organization is Philip Clarke and its chairman is Richard Broadbent (Tesco Plc, 2014b). The company sells goods and services of various brands but at the same time it also acquires its own range of product lines. The primary products and services of the company are books, furniture, clothing, electronics; financial, telecoms, internet services and DVD rental services; petrol and software and many other products. Since, its inception, the business of the company has significantly grown up and at present it operates in more than twelve major economies in the world. With rise in scope and scale of business, the customer base of the company has also expanded across all mar ketplaces and the gross employment generated by the concern has increased. It is estimated that Tesco generates employment opportunities for approximately 530,000 individuals around the world. The company claims that all important decisions are undertaken according to the vision statement. Tesco acquires multiple superior assets in business and its activities ensure utility maximization of its business stakeholders. It uses innovative ideas in business with which it provides high quality services and this has helped it gain loyalty of customers. The company claims that it prioritises on doing the right thing for its colleagues, customers and the communities and it has gained high brand value in the market only with such initiatives (Needle, 2010). Many economists claim that an institution affects the business outcomes of concerns and are hence susceptible for analysis. It is the set of social, legal, economic and political conventions that institutes the