Question: can i have somerecommendations to Tesco about the important issues it needs to address and the actions it needs to take for business success. please
can i have somerecommendations to Tesco about the important issues it needs to address and the actions it needs to take for business success.
please see photo of the SWOT analysis thank you
created 16000 job opportunities to Bolster online business UK as it registered a remarkable growth which comes from Tesco boosting its online sales. After the accounting scandal that caused Tesco 6.4 billion euros loss in 2015, Tesco not only recovers from that loss but turns it into an operating profit of 1.9 billion euros. -Tesco dominates the market share with a great lead of 26.9% of the grocery market share in Great Britain. It's closest competition is Sainsbury which has a market share of 14.9% which is not anywhere close to Tesco. -Tesco won EMEA region for advanced NoSQL Architecture. This award is to appreciate the delivery scheme during COVID 19 shortages. Weaknesses- -The change in the leadership from Dave Lewis to Ken Murphy might affect the pace of the online acceleration of the company. -Even though Tesco rigorous quality control measures, there are still no. of disturbing complaints including selling chicken with partially digested feed. -Tesco paid 175000 euros in fine for displaying products 15 days past their expiry date. Opportunities for Tesco - As COVID 19 makes people avoid stepping out as much as they used to it certainly leads to people buying groceries online. Tesco can easily leverage the trend. -Supermarkets are one of the few places where people could still find jobs, the high unemployment rates due to COVID could help Tsco acquire the number of employees they are looking for. -Like other leading companies, it should partner with It consulting company to improve operations and productivity. Using Artificial intelligence and machine learning to predict and deliver street level arrangements. Threat to Tesco- -Brexit might put a major impact on Tesco as it imposes the restriction at the port of entries. The flow of imported goods from the EU to the UK will negatively impact Tesco supply chain. - Even though Tesco quick shift to online delivery save Tesco during the times other major companies failed. But the Corona Virus related expenses hit 55 million euros. And Ocado overtook Tesco as the most valued UK retailer. This may lead to industry level shift. As their fellow competitors Asda changed hands from walmart hers. The
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