Tesco Global Operations Solidly Profitable and Growing Free Essay Example, 1500 words

Although the Tesco company started its operations as a sole proprietorship business, developments throughout the course of operations enhanced change of ownership to a public limited company. First development saw the company become a private limited company that later developed into a public limited company. The company s current shareholding amounts to around one hundred and sixty-five thousands of shareholders. The company now divides its core strategy to enhance customer outreach and satisfaction. These branches stem from core UK businesses, retailing services as well as non-food and international services. The company continues its dominance as the largest food retailer around the UK since 1995 (Pinto, 2012, pg. 14). It overtook its competitors like Sainsbury s in the food industry. It currently operates more than eight hundred stores all over Europe. Jack Cohen ensured these developments through continued savings and first opening new selling groceries in the larger East Londo n. After floating the stocks of Tesco in the stock market, the first supermarket started its operations. Growth has not only been achieved through the opening of new stores but also the acquisition of existing businesses. We will write a custom essay sample on Tesco Global Operations Solidly Profitable and Growing or any topic specifically for you Only $17.96 $11.86/page Though the company uses the autocratic style of leadership, the company s operations run under five departments. The company current organizational structure comprises of five divisions (Lorenz, 2014 pg. 69). These divisions are; finance, administration, human resource, and marketing as well as research and development function.