The Success Story of Tesco

Essay from the year 2012 in the subject Business economics - Operations Research, grade: 85% (First), Durham University, language: English, abstract: When Jack Cohen started selling groceries from a stall close to London in 1919, he might nothave realized what success story he was about to create (Tesco, 2012). Hard to believe, butthis was the foundation of Tesco as we know it today. Tesco has become one of the leadingfood retailers in the world with a revenue of more than 60 billion pounds and a globalworkforce of around 490.000 employees in 2011. There have been various factors that havehad major impact on the company including the Second World War as well as the UnitedKingdom entering the European Union. These influences can be broken up into social,economical, legal and political. Additionally there has been another element of Tesco, whichmade the company unique and attributed majorly to its success: Its growth strategies. Thesewill be analyzed with 'Ansoffs Matrix'.