Tesco Company Annual Report Coursework Example | Topics and Well Written Essays - 1250 words

Tesco Company Annual Report - Coursework Example It is evidently clear from the discussion that Tesco Company was started in the year 1919 from a market stall in East End England by Jack Cohen. The company experience growth and expansion to the Tesco known today, which operates in 12 countries in the world with a number of stores in these countries. It deals with a variety of products including household goods, freshly baked products, and groceries. The company also has a share in the service industry through Tesco bank. The diverse products and services contribute positively to the success of the company through diversifying investments so that when one sector is not performing very well another sector is making up for the difference. With a worldwide market through its various branches, Tesco has grown to be the leading retail outlet in the world. Not all information in a financial report of every company is financial; there are some theory and explanations giving an overview of the company without using the financial figures. Ke y performance indicators divert the attention from the profit earned and focus on the firm’s performance in terms of meeting their goals and objectives. These indicators measure the success of the firm and the potential of the firm to grow in future, this is very important to an investor interested in investing in the firm. They include customer satisfaction that is reflected through repeat purchases and referral of new customers to the store. Tesco is not an exception to this and it has measured the key performance indicators of the firm and availed the information in the annual financial report. Tesco has managed to retain 70% of their loyal customers from the previous year while acquiring 29.1% of the loyal customers in the previous year as new loyal customers. 59.7% of the loyal customers have shopped through various channels, indicating customer loyalty to the firm and the importance of the various channels to customers. Demand for branded Tesco products is also increasi ng with 64.3% of the loyal customers shop for Tesco branded products. In general, all these clients show love for the firm indicating the bright future of the firm with a good customer base in currently and in the future.

The Significance of Corporate Social Responsibility in the Research Paper

The Significance of Corporate Social Responsibility in the Contemporary Period - Research Paper Example It is in the last three decades that numerous discourses on CSR happened (Campbell 2007). There is an assumption that the notion of CSR has contributed to the changed nature of modern organizations (Tencati & Zolsnai, 2009). Since, CSR becomes the theoretical basis for organisations to accept the truism that their responsibility is not only to secure and increase profit for the firm (Milton, 1970), but it also includes being responsible to other actors in the society that may be affected by the actions and activities of the company. The ‘noble’ intention underpinning CSR has earned the ideal wide acceptance in the business world. However, in the recent past, many are questioning the validity and ’authenticity’ of CSR because of the obvious contradictions between what some well-known corporations are doing and saying. This situation is heightened by the Enron experience, the global economic crisis that started in 2007, and the various ethical issues involving pharmaceutical companies, sweatshops, child labour and other similar cases that persist despite claims of adhering to the tenets of CSR. Thus, now some are questioning the continued importance of CSR in the midst of corporate abuses and impunities. In this regard, this research will attempt to address the problem ‘is there still a continued significance for corporate social responsibility?’ With this question, the research aims to understand the current perception of some scholars regarding the importance of CSR. Likewise, the study intends to know whether there is still a meaning for CSR in the contemporary period. Finally, it intends to determine the continued possible merits of CSR despite some impurities of some well-rated firms. In order to address the issue and achieve the objectives of the study, the research adopted a documentary analysis of some articles relevant to the research topic.