Essays on Discounters

Q1a. From the information contained in the case study above, conduct an analysis of Tesco’s external environment using the STEEPLE model. Your analysis should cover and identify each of the factors as they relate to the case study. (16 marks)

The external environment of a business can be evaluated using a STEEPLE model, which incorporates seven external factors; sociological, technological, economic, environmental, political, legal and ethical (Block 1, Reading 5, p. 34). Here is a brief analysis of Tesco according to the STEEPLE model;

Sociological factors

The variety of business in the UK and across the world is going through ...

International Marketing – Iceland Supermarket

Introduction Iceland Foods Ltd. is one of the leading names in the food retail sector in the UK. The company was founded by Malcolm Walker in 1970; and, since then, it has undergone consistent growth in its popularity, consumer-base, and profitability in the domestic market. Before, fridges and freezers came to be commonly used; it focused on selling loose frozen foods i.e. vegetables and meat. Later on, it worked on product development strategy by introducing some branded grocery items that proved to be a booster to its sales revenue. Within 46 years of its business life, the company has ...

The research is aimed at making a comparison between supermarkets and discounters in the United Kingdom. The research question for the subject area is what factors influence customer – buying behavior with a focus to supermarkets and discounters. The research compares different variables to identify the variables that may lead to different customer buying behavior between supermarkets and discounters in the United Kingdom. The second research question relevant to the topic of study is what factors influence the area of study. The third research query is what are the advantages and disadvantages of conducting such research.

Findings

The research has found that customer ...

Definitions of Terms

A supermarket is a big type of grocery store that offers self-services. It has diverse varieties of household and food items that are organized into walkways. The size is larger and wider than grocery store, but it is smaller and more restricted in the choice of commodities they sell than a hypermarket (Blythe, 2008). A discounter is a smaller type of supermarket that offers its services and products under a subsidized price as compared to the indicated process. The services however are like those initiated at the supermarket the only difference coming into play through prices. A customer under the supermarket and discounter ...

Introduction

JCPenney was at one time the leading retail chain consisting of department shops in America. It has around more than a thousand retail shops in various malls across USA and Puerto Rico and its operations are based in Plano, Texas. It operates mainly by developing stores to anchor big malls but since the retail boom started in the 60’s, it has followed its competitors by opening standalone shops as well. Right now the departmental chain is fighting to survive competition from upscale competitors (Macy’s) to major discounters like Wal-Mart.

The reason for JCPenney’s downfall was its loss ...

- Deriving future strategic recommendations for TESCO in the UK using the SWOT analysis and the PESTEL framework

Introduction and Explanation of the Methodology of the Paper:

The retail giant TESCO is currently facing difficulties all around its home – base in the UK (Ruddick, G. 2014a). Its share prices have been dropping, its losses are higher than even expected, an accounting scandal and leadership changes are shaking a company, which, as if this all had not been enough yet, is suffering from very low customer satisfaction rates (Ruddick, 2014). Within this paper it is intended to use as a major methodology two key tools out of classic strategic analysis, the ...

Critical Issues

Tesco is among the leading grocery retailers in the global market, but the company is facing numerous challenges including an accounting scandal and growing business disadvantages. On September 22nd, Tesco revealed that it had overstated its profits for the first quarter of its latest financial year. The company recorded £850m ($1.4 billion) as profit but recorded £1.1 billion in its financial disclosures. The accounting scandal affected the company’s share price and business reputation. The company’s share price dropped by 15 percent and investors lost confidence in the company. The other critical issue that Tesco faces is ...

Introduction

Business operations are increasingly facing dynamic markets that determine their success and efficiency. That has resulted from the increasing globalization and other key factors such as regulations, economic conditions, and political environment as well as social factors. All those factors affect consumer behaviors, their purchasing power as well as the firms’ efficiency. In that respect, businesses such as supermarkets and retail stores increasingly face changing environment such as competition that is also shaped by those factors. Thus, businesses adapt competitive strategies that suit the environment, and this analysis seeks to demonstrate industry operations’ and their response to factor changes. ...

United States v. General Motors Corp. et al. 384 US 127 - Appeal From the United States District Court For the Southern District of California. No. 46

Argued December 9, 1965

Decided April 28 1966 The General Motors, the manufacturer of the Chevrolet Brand of cars and trucks, along with three associations of car dealers, holding franchise for selling the car in Los Angeles, California, had been convicted by the court for ‘participating’ in a ‘conspiracy’ to restrict sales of the new Chevrolets through ‘discount houses’ or ‘referral services’ in violation of section 1 of the Sherman Act. In 1960, the ...

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Key facts about Wal-Mart Inc.

The history of one of the largest corporation in the world –Wal-Mart – began in 1962 from the opening of the first store in Rogers, Arkansas. Now there are 11 thousand stores in 27 countries and the company keeps growing. Success story of Wal-Mart is definitely worth exploring, as at the present moment this company is the largest corporation in the USA and the second largest in the world according to Global Fortune 500 rating. Motto of the company: “Save money. Live better.” expresses its values and strategies in the very best way. ...

Aldi and Lidl

The continued success of the two German grocery discounters, Aldi and Lidl, as they extend their businesses worldwide, seems unstoppable. Both companies’ entrance to international territories, specifically in the European, UK and US markets seemed very timely, especially because of the economic recession that these territories are experiencing. People, nowadays, want more value for their money and therefore, the concept of discount grocers, have never been so widely accepted, both in financial and cultural terms. The challenges that both companies faced as they entered different markets brought about fundamental changes in their business structure and strategy. Both Aldi ...