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Tesco's Marketing Strategy

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Submitted By linjiayang
Words 2282
Pages 10
The strategic response of Tesco in adapting to the challenges of the international markets

Course: 6-week Pre-sessional English
Student name: Jiayang Lin
Student ID: 1234091
Date: 31/08/2012

Content

Introduction 3
Literature Review 4
Discussion 6 Localization 6 Market Localization 6 Employee Localization 6 Brand Localization---Coorporating With Local Companies 7 Clubcard 7 Pricing Strategy-Big Price Drop 7
Conclusion 9
References: 10

Introduction

The UK-based company, Tesco, was founded in 1919 in the East end of London. In 1929, Tesco opened its first store in North London. In 1947, it floated on the stock market with a share price of 25p. And since 1990, it has started to break into the international market. And It now has 3376 stores in 12 different countries (not including UK). Its annual sales reached up to £1 billion in 1979. And in 2005, Tesco has already made a profit of £2 billion. It now becomes one of the largest retailer companies in the UK, and the third largest throughout the world.

Over the nearly 90 years, Tesco has came through from fighting in the East End of London to standing on a world stage. And today it is still competing in the world market. And this research is going to introduce how Tesco succeeded in adapting to the intense challenges of the international market.

This research is going to discuss on how that Tesco successfully adapted to the challenges of the economic climate and briefly analyze several marketing strategies it has adopted in order to expand its business outside the United Kingdom.

Literature Review

For a company, to be able to have a foothold in the international market, the strategic response is fairly important. Just as Michelle and Neil(2010) has observed in their article that Tesco offers a

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