Analysing Changes in Tesco's Environment and how the firm Deals with Assignment

Analysing Changes in Tesco's Environment and how the firm Deals with Them - Assignment Example The current crisis is on the path to exceed the crisis of oil in depth and extent and so the time calls for all the nations to come together and face the existing challenges. The second principle takes into account the actions that are suited to various economic phases. The third principle asks to take a comprehensive approach over horizons of time. The specific measures include measures that aim to support employment. In this measure emphasis is put on emergency employment opportunities that will create new jobs and provide a safety net for the casual workers. The supports that can be provided by the government are increasing the level of subsidies or unemployment benefits. The government can also lend its hand to support re-employment and provide opportunities that will help to develop the vocational skills of the labor force. The support system should also include the persons with disabilities. Among the financial measures the policies includes promoting the financial intermediary services for smooth functioning, to bring the small and medium sized enterprises under the financial support systems, the support system should also consider the large and medium sized companies. ... The countries dependent on exports as a result was losing precious foreign exchange. Performance of Tesco in times of recession The company that has been selected for the project is Tesco Plc Ltd. The company has got the headquarters at United Kingdom and id the multinational grocery of Britain. The company is ranked third in the world when measured by revenues and ranked second when measured by profits. The company operates in 14 countries across many continents and is the leader of the market in UK. The company is also listed in the LSE (London Stock Exchange). The company held its position during the global financial crisis and faced huge competition. The degree of competition can be determined by share of the market, consumer base, and penetration into the market. The factors that can be accounted for is the â€Å"Terry Leahy factor’. The Chief executive officer of the company declared that the company has only become stronger after recession than it was before recession. Tesco is involved in opening up new stores in different corners of the world. One cannot account for any single reason for the success of the company during the times of recession but the foremost or the prime reason that can be accounted is the focus of the company on the consumers. It sounds simple but rarely companies follow this step. The size of the company also matters. The company took the initiatives to sell more. The resultant was better terms of buying. The general economic theories played in the market and that equals to lower prices as well as higher levels of profit. The virtuous circle is complete when the lower prices attract more selling potential. The range of the prices was designed to serve the