Tesco’s Vision and Values

Values of a business helps it always to go big and same is the case with Tesco. They have fully engraved their values into their systems and people. They have aligned the business according to their values. Values have been rooted at every business level i.e. from top management to a lower level of employees. Being a community focused global business, Tesco’s values are in complete alignment with its business strategies. It is clearly evident from the relationship established below that each value Tesco has, is correlated with its business strategy. In short, the strategy and values are helping and serving each other i.e. if one achieved, the other is automatically accomplished. The support provided by values to business strategies is established as a relationship below

Data in the case study

Tesco’s vision and values matters a lot and also affect a lot in their success. It is their excellent vision and values that has helped them in achieving success all over. Tesco's vision and values would not have been helpful in their success if there are no proper strategic planning, Tesco have continually observed, evaluated their strategies and redesigned them according to the changing trends, demands, newer markets demographics and ranged them with their main vision and mission. From the case study is given, there is an extent to which Tesco’s vision and values affect its success.

Firstly, Tesco’s vision has helped a lot in supporting the local communities. They have done a lot of activities which consist of them helping with the people as much as they can afford to who are living in their range, such as donating to at least 1% of pre-tax profits to charities and for good cause. Their target was only 1%, but they succeeded on doing to 2.2%. There are increase of 1.2% from their target. Secondly, their vision has also effect on their success, by providing colleagues and customers with healthy options.

Tesco provides a healthier option, such as Tesco may or may not increase their products which can benefits on their customers’ health, or willingly to reduce any products that can cause health issues to their customers. Thirdly, Tesco’s vision has also help to create good jobs and careers, especially to the unemployed. They also help to train them so that they are able to do their job successfully.

Next, from the case study, it shows that value of Tesco also affects its success. Firstly, is buying and selling product responsibly. They have to buy product from the supplier, and also sell them back to the customers with responsible. They need for the suppliers and customers feels respected by the company. Second, Tesco’s value is caring to the environment. They have reduced the impact towards the environment. For instance, they made sure that there is a reduction of carbon emissions (CO2e) from their stores build before and after 2006.

References:

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