Submitted by sikazwe on January 9, 2011
Category: Business and Economics
Words: 7695 | Pages: 31
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AN EVALUATION OF THE BUSINESS AND FINANCIAL PERFORMANCE OF TESCO PLC BETWEEN 1ST MAY 2007 AND 30TH APRIL 2010
A RESEARCH AND ANALYSIS PROJECT FOR THE B.sc. (HONS) IN APPLIED ACCOUNTING
TABLE OF CONTENTS
1. Reasons for choosing the project topic
2. Project objectives and research questions
3. Research approach
PART 2 INFORMATION GATHERING AND BUSINESS AND ACCOUNTING TECHNIQUES
1. Sources of information used in the research report
2. Description of methods applied in collecting information
3. Limitations of my information gathering methods
4. Ethical issues encountered during the information gathering and how they were resolved
5. A description of accounting, business and other methodologies utilized and their limitations
PART 3 RESULTS, ANALYSIS, CONCLUSIONS AND RECOMMENDATIONS
A description of results obtained and the limitations thereof
1. Critical analysis and evaluation of results of significant findings.
2. Conclusions about research findings and how well project objectives and research questions have been achieved.
3. Appropriate recommendations on specific courses of action to indentified individuals within Tesco PLC.
PART 1 PROJECT OBJECTIVES AND OVERALL APPROACH
Tesco Plc is one of the largest global retailers, operating more than 4,331 supermarkets and convenience stores and employing more than 470,000 people. Tesco's core business is in Britain with a 30.1% market share, where the company ranks as the largest private sector employer in the United Kingdom, and the largest food retailer. In mainland Europe, Tesco operates in the Czech Republic, Hungary, Poland, the Republic of Ireland, Slovakia, and Turkey. In Asia, Tesco's operates in Japan, Malaysia, South Korea, Taiwan, Thailand, India and China. Through Its e-business, Tesco .com, the company ranks as the largest online supermarket in the world. In addition to the retail business, the company provides financial services through its subsidiary, Tesco Financial Services, which controls 4.6 million customer accounts. Tesco Telecoms, another major subsidiary, is the fastest growing mobile network and was ranked as the number one network for customer service why? Magazine in 2009. Tesco's group sales have increased by 27.7% during the period under consideration.
In 1919, John Edward (Jack) Cohen by investing his ₤30 stipend from his World WAR I service in the Royal Flying Corps in stock for his small grocery stall in the East of London. The successful trader soon spread to other London markets outside the East End. In 1932, Cohen officially founded Tesco Stores Limited. Over the next eight years , the company grew rapidly, as it opened more than 100stores. By 1947, the company had quickly changed its operations from being a corner store a self-service supermarket, and in the same year, Tesco Stores (Holdings) Limited went public and sold its first shares.