Tesco International Business Strategy Essay Example | Topics and Well Written Essays - 3250 words

Tesco International Business Strategy - Essay Example From this discussion it is clear that  the company operates in thirteen countries, however its main operations are located in the UK, where there are large format of hypermarkets. Being the leader in retail business is not a simple task, because the company should always think over improvement of its strategy over such strong rivals as Sainsbury PLC, the UK chain of  supermarkets, Asda Stores Ltd, a British-based supermarket  chain which  retails  food, clothing and  financial services and the chain of supermarkets Morrisons’.This paper outlines that  Tesco has a  vast structure for corporate governance, which complies with the UK corporate governance code. The effective board is considered the basis for good governance in any corporation. In Tesco, there are four committees that assist the work for  the board of directors and provide them with the support that is directed towards Tesco’s stakeholders. The sub-committees are chaired by the CEO  with the main target to monitor each aspect of  the business and arrange discussions of issues with the executives. The corporate governance section of Tesco’s annual report and financial statements contains a brief outline of the planning and control structure used across the company. It has a five year rolling plan with the categories of planned revenue and capital expenditure. Such data is used for forming the basis for the creation of similar plans for each of the separate group businesses.