BUSINESS OUTLOOK REPORT for a food retailer of your choice but not to Essay

BUSINESS OUTLOOK REPORT for a food retailer of your choice but not to admit Tesco - Essay Exampleercent sh ar is genuinely an accomplishment when taking into consideration that this type of business model has very high operating costs and with result in convenience stores in the country that provide competitive threats to the chain.This report identifies long-run prospects for Sainsburys over the next five to ten years with an accent on specific trends in the external market that will likely serve as the drivers of change with the retailer and with the food sector. The report further provides an military rank of whether Sainsburys is well-positioned for key changes in the external environment.Sainsbury was highly responsive in adapting to changing market conditions, especially as it pertains to consumer growth in honourable consumption. estimable consumption is a type of consumer activism that dictates whether to boycott a product or make purchases based on consumer perceptions that the organisation offering the product maintains an ethical bearing and set of ethical objectives and values (Grande 2007). Contemporary business research recognises that companies with the aforesaid ethical values and focus maintain higher profitability (Lys, Naughton and Wang 2013). As a result of recognising these trends, the company began adding what is referred to as Steering Committees that are involved at the highest level of governance in areas of assessing the firms commitment to corporate mixer responsibility, providing a quality and enjoyable place to work for employees, and even a climate change committee (Sainsbury 2011). All of the activities and strategies developed by the Steering Groups are highly publicised to ensure that consumers are drawn to the ethical framework of business practice provided by the company leadership.Having such a strong ethical set of values and beliefs also provides Sainsburys with minimised costs in relation to human resources. Compan ies that have very strong ethical cultures also have frequently less problems with employee turnover