For my assignment I have chosen Tesco’s. In order for this business to operate it needs four factors of production; the capital, the labourer, the entrepreneur and the land. In this essay I will include information on Tesco’s Physical, technological, human and financial resources. Tesco’s physical resources include their premises, plant, machinery, equipment, materials and stock. Tesco’s technological recourses include; intellectual property, experience and skill, software licensing, patients and copyrights. Human Resources are known as Personnel. Personnel teams work to ensure managers across the business have world-class skills and tools to meet the needs of the customers. Tesco’s financial resources include; is Tesco’s a successful company? Tesco’s is a worldwide well-known grocery shop. It’s a public limited company founded by Jack Cohen in 1919 and the Tesco’s name was first used in 1924 and the first store opened in 1929 in Middlesex. Tesco’s is a British store and it’s the third-largest retailer in the world. The net income reaches £3.761 billion in 2012. Some of Tesco’s advantages include books, clothing, electronics, furniture, petrol and software. ‘Every little helps’ the Tesco slogan is now well known by all of the customers. How do Physical and Technological Resources contribute to the success of Tesco? Their technology helps them be ahead because
They can identify what's selling well and the system will automatically re-order They don't hold stock in warehouses that they don't need
They can target offers to specific customer groups.
Physical Resources for an organisation are machines. Without physical resources it won’t be able to run probably. Buildings, Technology and machines are examples of Physical Resources. Physical resources like this help staff with daily activities. Tesco is a huge supermarket. In Tesco’s there is Storage to store their food, fridges, and freezers and also drink machines to pour cold drinks and also hot ones. There are also machines to help the staff cook cafe food quickly. There are Self-scanning machines to stop long queues also; there is also instant photo machine for the customers to print photos in seconds. Intellectual Property e.g. designs, music, text, video.
The content of the Tesco.com Site is protected by copyright, trademarks, database and other intellectual property rights. You can display the content of the Tesco.com Site on a computer screen but you must not print copies for personal use. “You may not otherwise reproduce, modify, copy or distribute or use for commercial purposes any of the materials or content on the Tesco.com Site without written permission from Tesco.com.” –Quoted from the website below. For more information go to: http://www.tesco.com/termsandconditions/termsconditionsGeneral.htm#Intellectual Premises.
Tesco’s is a Global organisation. This means that they have a lot of different premises around the world which make them more successful today. These premises allow Tesco’s to sell products. Tesco has many different premises around the world including Tesco Metro, Tesco Extra, Tesco express and Tesco home plus. Machinery and Plants.
Tesco have a lot of machinery. Machinery in Tesco includes their self-scanning machines, Petrol stations, refrigerators, tills etc. For organizations like Tesco plant and machinery may compromise refrigerators in their food store. Building and facilities.
Tesco stores are located all around the UK. There are roughly 6,351 stores (April 2012). There are many different types of stores which you learn in this essay, sub heading Premises. Recently a new store has been made in Linwood (27th June 2011) there’s a schedule the store won’t be ready to use until 2013. Tesco also has Recycling facilities which you can have a browse of on this website http://www.tesco.com/greenerliving/greener_tesco/what_tesco_is_doing/reduse_reuse_recycle.page. Stores.
Tesco’s has opened...
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