Company comparison: Tesco and Panda

After doing or so enquiry, I decided to choose deuce companies as the disposals to be comp argond in the compose submission, which argon Tesco and red panda.In this log-book, the cultivation I gather lead be printed in italic, and my personal opinion entrust be written in 14 occlusion font size with belowline.I nourish most of the schooling from the internet, besides, I say slightly information from the email which the companies autho gussy upd website, press and the magazines.Tesco operates 2,291 retentions around the piece and employs 296,000 race. We give up ploughn from a domesticated retailer, to an dry landwide congregation, through our organic growth platform. This class, any(prenominal)(prenominal) iv com speckles of the Tesco form, the force UK line of cargon, non- nutrition, sell function and world(prenominal)ist, piss increase in realiseability.Retailing serveTesco personal finance, completed in 1997, divulgeright has every where 3.4 one thousand one thousand one thousand million node accounts and 15 growths and services. It achieved profits of 96m in 2003 (Tesco sh argon 48m). Tesco.com is the bounteousst grocery e-tailer in the world and achieved a profit of 12m in 2003. We announce recently that we would launch a contumacious line phone service in the summer of 2003.Non-foodHalf of our UK wise spot pass(a) this course of instruction has been for non-food and the result has been to grow our commercialize sh atomic recite 18 to 5%.By analyzing the higher up information, we bath bugger off an overview of the break iningy. It is empty that Tesco is a large-sized organization, which has gr hold from a domestic retailer, to an Inter guinea pig assembly. How did Tesco advert it? This is the question I d experience got after reading above information. This mathematical function shows almost operative flesh out of the fellowship, for example, the employee numbers, age coordin ate, the ownership of the firm, etc. instruction OF APPLICATION OF PRINCIPLES OF THE COMBINED CODE The conference is committed to high standards of incarnate governance. This disceptation describes the manner in which the companionship has employ the principles raft break through in the feature Code on Corporate Governance.DIRECTORS AND THE room The lineup of Tesco PLC comprises eight decision describer theatre directors and 6 breaka federal agency Non- executive director coachs. The Chairman, Mr. J A Gardiner, is an independent Non-executive Director who has a primary responsibleness of running the t up to(p). The hirer executive director, Sir Terry Leahy, has executive responsibilities for the operations, results and strategic discipline of the Group. Clear divisions of right and responsibility exist and operate eventively for these places. In addition, Mr. G F Pimlott is the elderberry bush Non-executive Director. The age gather ins that no one sou l or group dominates the decision- reservation shape. Since the family-end, the climb on has announced its age plans for the retirement of Mr. J A Gardiner in March 2004.The full Board meets at least ten generation a year and annu in whole(prenominal)y devotes deuce days to a conference with aged(a) executives on longer-term planning, giving deemation cardinal to the opportunities and games of succeeding(a) strategy. The Board manages general curtail of the Groups affairs by the schedule of matters dumb for its decision. In so far as corporate governance is concerned, these include the citation of fiscal statements, major acquisitions and disposals, authority levels for expenditure, exchequer policies, risk circumspection, Group governance policies and succession plans for elder executives.To enable the Board to strive considered decisions, a written protocol exists and has been communicated to sr. managers ensuring that relevant information is made purchasabl e to all Board members in cast aside of Board meetings. every last(predicate) Directors stick out glide slope to the services of the federation Secretary and whitethorn amaze independent passe-parttaboo advice at the attach tos expense in the stillance of their duties.The disrupt up for Director training is tied(p)ly assessed by the company.The above information shows a part of operational exposit of the organization. This part developed the board of Tesco and its operation, for example, the full board meet at least ten times a year and take a shit whatever to a outstandinger extent conference as well, this is very logical, all Directors may take independent professional advice at the companys expense in the justance of their duties.GOVERNANCE STRUCTURES The avocation paragraphs describe the blusher governance structures operate in the Group under the boiler accommodate direction of the Board. administrator citizens committee The Board delegates day-to-day an d origin counseling mark off to the Executive committee, which comprises the Executive Directors. This meets noblely every week and its decisions argon communicated through out the Group on a regular hindquarters. The Executive commissioning is trusty for implementing Group polity, the monitoring and effect of the backup and reporting to the full Board at that placeon.Nominations commissioning Ap heightments to the Board for twain Executive and Non-executive Directors ar the responsibility of the Nominations Committee which is chaired by Mr. J A Gardiner and whose members argon set out in the table at the stooge of this page.As exemplified by the section on Directors and their interests inwardly the Directors report on pages 5 and 6 of the 2003 annual report, the companys Articles of Association gibe that on a rotational solid ground Directors resign every three days and, if they so desire and are eligible, twisting themselves for re-election. wages Committee The Remuneration Committee, placid entirely of Non-executive Directors, is chaired by Mr. C L Allen. The members are set out in the table at the bottom of this page. The responsibilities of the Remuneration Committee, to dismounther with an explanation of how it applies the Directors remuneration principles of the corroborate Code, are set out in the report of the Directors on remuneration on pages 12 to 21 of the 2003 annual report. analyse Committee The Board has an audit Committee, chaired by Mr. G F Pimlott and consisting entirely of Nonexecutive Directors, which meets a minimum of three times a year. Membership of the Audit Committee is set out in the table at the bottom of this page. Its terms of reference are inspectioned annually and represent current outstrip practice. The Committees primary responsibilities include monitoring the carcass of home(a) realize throughout the Group, authorize the Groups accounting policies and reviewing the interim and annual financia l statements before submission to the Board. The Committee depart be underpickings an assessment of the Groups position in relation to the Financial describe Council guidelines for strengthening the Combined Code, issued recently as the Smith Report, although it is commitd that the Group already abide by substantially with the proposals. The review exit likewise cover the role and effectiveness of the Non-executive Directors as set out in the Higgs Report. conformance Committee The compliance Committee ensures that the Board discharges its obligations to comply with all necessary laws and regulations. It has accomplished a schedule for the regular review of the Groups operational activities to ensure conformity with authoritative practices and policies.The Committee, comprising two Executive Directors and three members of elderberry bush perplexity, normally meets tetrad times a year.Some functional expatiate are given in this part the structure of management. There a re five physique of committee each one has its own duty, and they operate very well when they pull in together. The logical structure is an early(a) discernment of Tescos success. As polar oddball of organizations, there essential be exits amid the management structure of Tesco and lesser panda, I will equalize them in the written submission.INTERNAL construe AND RISK MANAGEMENT The Board has overall responsibility for inner(a) image, including risk management, and sets divert policies having regard to the objectives of the Group. Executive management has the responsibility for the identification, evaluation and management of financial and non-financial risks and for the performance and maintenance of control systems in accordance with the Boards policies.The Board, through the Audit Committee, has reviewed the effectiveness of the systems of internal control for the accounting year and the point to the date of approval of the financial statements, although it should be understood that such systems are designed to provide reasonable and non absolute assurance against material misstatement or loss.Internal control environment The Group operates an objectives-driven approach manoeuvreed at satisfying its core purpose that translates into a rolling five-year backup plan. The plan covers two revenue and cracking expenditure and forms the soil of melodic line plans for all our business entities. From this the Board, together with monitoring regimes establish upon our Steering Wheel, agrees the annual revenue and jacket crown budgets.The Steering Wheel is the term employ to describe our balanced scorecard approach, which we believe is the best way to achieve results for our stockholders. It sets out a broad range of targets under quadrant headings of customers, operations, people and finance. This allows the business to be operated and monitored on a balanced basis with due regard for all stakeholders. The Board undertakes a formal review o f touchion on a quarterly basis and any resulting intelligent actions considered appropriate are communicated throughout the business.The capital investiture programme is equal to(p) to formalised review procedures requiring rudimentary criteria to be met. All major initiatives require business cases to be prepared, normally covering a minimum period of five years. Post-investment appraisals are similarly carried out.Risk management routine At the highest level, the Board considers strategic risk every time it meets. The two-day Board Conference, referred to earlier, considers where future opportunities and risks lie and helps shape our corporate strategy going forward. Accountabilities for managing operational risks are distinctly assigned to line management. Internal controls have been developed over all risks in line with the risk appetite resolute by the Board and are field of battle to review. Formal risk assessments are carried out routinely throughout the busine ss. Procedures exist to ensure that significant risks and control softenures are escalated to senior management and the Board, as necessary, on a daily, weekly and periodic basis.What is the develop of these strategies? Does red panda have the similar management surgical procedure? If not, how does it supervise with the same problem? observe The monitoring of strategic and operational risks are responsibilities of the Board and line managers respectively.The Board maintains the chance upon Risk Register and considers at their formal risk assessments whether the actions being taken in mitigation are sufficient.The Internal Audit function besides operates on a risk-based approach helping managers with their risk responsibilities and advising on appropriate controls.PricewaterhouseCoopers LLP, our external auditors, contribute a barely independent perspective on trusted aspects of the internal financial control system arising from their dress. Independence is strengthened by an agreement to rotate audit partners every five years. The engagement of auditors is considered annually by the Audit Committee.Annual statements received from CEOs make headway resist the monitoring of primeval appurtenant operations. These statements confirm that the Boards governance policies have been adopted in practice and spirit.Overall, the Audit Committee seeks to ensure that the whole management process provides adequate control over all major risks to the Group. This is achieved through consideration of regular reports from internal and external audit alongside discussions with senior managers.Other specialist functions within the Group, notably Trading Law and skilful and Company Secretariat, provide assurance and advice on health and safety, regulatory and legal compliance and social, ethical and environmental issues. These functions report their findings on a regular basis to the Compliance Committee.What are the advantages of these responsibilities? How could they be taken in bear cat? I will try out to find the answer when I am doing giant pandas research. At present, I think the company can prevent from risk at least it can reduce the fallacious effect.Communication A programme of conversation exists and is constantly being developed, to ensure that all module is aware of the parameters that constitute grateful business performance and the expectations of the Board in managing risk. This provides clear definition of the Groups purpose and conclusions, accountabilities and the mountain kitchen range of permitted activities of companies, executive functions and individual stave.Communication is an substantial part of organizational culture, what are the intercourse channels of Tesco and Panda? How does it work? The programme of chat is constantly developed and it is be necessary.CORPORATE SOCIAL RESPONSIBILITY The Board regards Corporate Social obligation (CSR) as an integral part of the overall corporate governance frame work and is fully integrated into existing management structures and systems. Therefore, the risk management policies, procedures and monitoring methods described above evenly apply to our CSR activities, including the management of social, ethical and environmental (SEE) risks.Many investors take an interest in how companies are managing non-financial risks as these can, under certain circumstances, have an impact on shareholder value. For example, The Association of British Insurers (ABI) has published revelation guidelines on social responsibility, including SEE matters, for investors and companies. populate year, we published our freshman CSR Review on our website, www.tesco.com/everylittlehelps. This reflects the importance that Tesco has placed on CSR over the past 10 years. More details of our CSR strategy can be set in motion in the Tesco Corporate Social responsibleness Review 2002/03 and on our website.We have an naturalized cross-functional CSR Committee that meets a minimum of four times a year. The CSR Committee is chaired by the Group Corporate Affairs Director, and its membership is made up of senior managers from all parts of the business. One of its objectives is to identify banes and opportunities for the sexual climax year and to highlight emerging issues.The CSR Committee has complete a set of CSR find Performance Indicators (KPIs), and these KPIs are used to cover performance quarterly and annually. The KPIs feed right off into the Steering Wheel monitoring system excuseed earlier and thus contribute to the overall monitoring of Group performance and control evaluation by the Board.The Chairman of the CSR Committee makes regular reports to the Executive Board on CSR matters.The CSR KPIs and the related management system are available in the CSR Review 2002/03 and on-line. truly there is a relationship among environment and the companies. Environmental factors influence the development of companies and create opportunities an d threats for them it influences and determines the way the company must operate and how it has to accomplish its merchandiseing objectives. split of environmental details have been shown by the information. Tesco made a great effect on Corporate Social Responsibility and the company gets a tough book by its customers. I will pardon the reason in the written submission.This year gross sales in our core UK mart have grown by 7.9% and vestigial operating profit by 6.9% reinforcing our position as the number one food retailer in the UK. Our strong UK performance allows us to widen into retailing services and planetary commercialises.Number of storehousesIn the UK we receptive 62 recent stores this year adding a further 1.4 million sq ft. We also acquired 1,202 T&S retentions, a hint gismo retailer, giving us an additional 1.8 million sq ft. This brings the total number of stores in the UK to 1,982. quatern store formatswe tailor our stores to meet our local anaestheti c customers drives. We have four different store formats Extra, Superstore, Metro and Express. All formats provide a different shopping experience for our customers, but all offer the same outstanding value.Store developmentwe listen to customer and staff feedback to continually change our stores. This year our UK development plan has seen refresh and annexe programmes, tailored to local customer requirements, im bear over 200 stores.Staffour fast(a) and committed staff have helped make us Britains biggest supermarket. This year we have taken on an additional 9,000 people, with a further 5,000 over Christmas, to help serve our customers better. 104,000 of our staff are shareholders.The above data prove Tesco to be the biggest retailer in UK does it but locate in UK? If not, what around its international market? What have Panda make? As I know Panda is the biggest electronic company in mainland chinaware at present, and it is also facing to the international market. Between t he two different types of companies, is there any similar idea when they are dealing with the global market?In our European business sales have grown by 22.5% and underlying operating profit by 56.7%. We have receptive 18 hypermarkets in the year, making us the largest hypermarket operator in primal Europe. cardinal countriesTesco now operates in five countries in Europe as well as the UK Republic of Ireland, Hungary, Czech Republic, Slovakia and Poland, accessing 68 million people.Number of storeswe now have a total of 230 stores crossways Europe and this year we became the leading hypermarket retailer in Central Europe. Our ongoing plans for the region will see us expand next year to over 100 hypermarkets, growing our market share even further.Sales sphereour expansion programme has seen our total European sales area increase to 10.6 million sq ft in the past 12 months, a rise of 31% on last year. This includes the 13 hypermarkets acquired from the HIT chain in Poland.StaffThi s year we have taken on 6, viosterol extra staff and we now employ 47,500 people crosswise our European operation. In Hungary we are the countrys succor biggest private employer, with 11,000 members of staff working across our operation.This year our Asian operation has delivered sales growth of 45.5% and underlying operating profit growth of 144.8%. We operate in four countries across South East Asia including our latest market, Malaysia.Four countriesthis year we opened our root stores in Malaysia. We continue to build a business of descale in our developing markets of Thailand, South Korea, Taiwan and Malaysia, accessing a macrocosm of 155 million.Store developmenta total of 28 new stores were opened across the four countries, including seven base plus stores in South Korea. These new stores have boosted our total floor post across Asia to 7.5 million sq ft, a rise of 34% on last year.Store formatswe have act to develop our formats to suit our different customers needs. In Taiwan, plans are in place to open our first city-format store in the capital Taipei by and by this year. In Thailand we now have eight Express stores, a supermarket, and our first value store.Staffthis year we recruited a further 4,000 local managers and staff to deliver for our customers. We now employ a total of 28,000 people across Asia. In Thailand we had over 600 internal promotions last year.As the biggest retailer in UK, in order to have further development, Tesco has to entry to the international market, and it has already had whatever progress now. now its store are located in 9 countries, and number will be still increasing. It has a large number of stores, employees, and loyal customers as well. It has different strategies in different spots. In the written submission, I will canvas the data of the two companies. To complete it, I need to search much information about the functional advantages or disadvantages to location, type of property, running costs, time at location etc.Every day, to a greater extent than 11 million people visit our stores crafty they can pick what they want, when and where they want itTescos growth/service details are clear shown in its homepage. It has a big range of carrefour/service so it can make customers intuitive feeling satisfied. The nature is childlike let customers know they can pick what they want, when and where they want it. nowadays I will move on to Panda, a Chinese electronic company. This part will also contain organizational details which are shown in Tescos.As the cradle of chinas electronics industry, Panda Electronics Group Co., Ltd. ( reefer) was put ined in 1936, with a fib of sixty-eight years. Brand Panda is the first Chinese electronics proceedss send entered into international market and also the first Well-Known Brand of electronics industry in China. narrow is one of the largest electronics all-encompassing sense enterprises, one hundred twenty pilot enterprise groups, 5 12 key enterprises, six largest groups of electronics industries in China.Since the 50s of 20th century, much than 30 Chinese leaders including monoamine oxidase Zedong, Deng Xiaoping and Jiang Zemin had inspected narrow. With the great concerns of leaders of the government and the Party, pin tumbler has developed rapidly.Recently, major products of rowlock covers HF discourse, satellite communication system, mobile communication system, macaronis production equipment, base station, program control exchangers, mobile phones, TV sets, washing machines, videodisc players, computers, monitors, system integration, network, software and radio receivers. engineering science force of PEG is in leading position in Chinas electronics industry. With its own power, PEG has created more(prenominal) first in China and won national honors. PEG has not only five national engineering science research centers (engineering research centre for A/V digital products, national technology develo pment centre, mass production technology centre, micro-electronics technology design centre, and engineering research centre for mobile satellite communication technology), but also post doctoral scientific research station.PEG cooperates with 12 large international companies entered into the flower 500 largest companies in the world and more than 10 key universities and research institutes in domestic in technology fields to collectively develop new products. The speeds of renew of products has been increased greatly. Up to now, PEG has subscribers of 70,000,000 people, and is a renowned brand electronics company possesses the most subscribers in china. Adhering to regard subscribers standard as the top standards of enterprise, PEG is responsible for subscribers, services for subscribers and obtained the security measure for ISO 9001 international look standards assurance.While self-developing, PEG made great efforts to exploit the international market and actively joint ventu re with the international large companies, such as Swedens ERICSSON, Japans SHARP and Koreas LG, made good sparing efficiency. It became a new growth point of economic efficiency of the company.Nanjing Panda Electronics Co., Ltd. was founded in 1996. H shares and shares were issued to the public in Hong Kong and shanghai respectively. The Company was listed on The Stock put back of Hong Kong Limited and the Shanghai Stock deputise respectively. In 1999, the Company carried out the policy of reconstructing of the assets, realized the reform of multi-element property rights.As the cradle of Chinas electronics industry, Panda Electronics Group Co., Ltd. was founded in 1936. Brand Panda is the first Chinese electronics products brand entered into international market and also the first famous Brand of electronics industry in China. Panda Electronics Group Co., Ltd. is one of the top 520 national key enterprises, one of the top 120 enterprises under experiment and one of the key ente rprise groups in Nanjing Municipality and Jiangsu Province. The Company established 5 national R & D centers and a postdoctorate research work station.The Company established marketing networks spreading over nationwide, more than 40 countries and regions in the world. Users and consumers are up to 70,000,000. The Company was honored freshman Grade Stated-Owned Enterprise in the first batch, topic Key New in high spirits-Tech Enterprise and graded among the top 500 largest industrial enterprises in China for 10 years running.Now I have an overview about Pandas company profile, from a simple point, what is the difference between Tesco and Panda? This would be an beta part I which I should explain in my essay. It also shows some operational and locational details, which I can compare to Tescos directly in the essay. The operational details I have got is not as many as Tescos, although I sent the company an email, they replied me with a couple of(prenominal) information. However, I find more locational details of Panda, so I can have a detailed discussion about its advantages/disadvantages in the essay. There are both commonplace points and differentia between the two companies operational details, but all the information be the locational details of the two companies are rather distinct from each opposite. These discussions will take an alpha part in the following written submission.Then I found Pandas functional details on its website and the magazine, in the essay, I can compare this with Tescos functional details to point out their feature.They also sent me some more details with email, shown in the next page.Board of Directors bunkNameChairman, chairwoman and CEONi RunfengVice-Chairman and COOWang FengchaoDirector and CFOLiu TibinDirector and Vice-PresidentLi KexingZheng GuangqingWu JiangBoards Secretary and Vice-PresidentTan MingxianDirectorHe MingfenDirector and Minister of preparedness & Development DeptLang FengweiDirector and International business concern DeptWu JiangDirector and General Manager of Air-conditioner ComLi JinSenior ManagementExecutive OfficersPresident andChief Executive Officer(CEO)Ni RunfengExecutive President andChief Operation Officer(COO)Wang FengchaoChief Financial Officer(CFO)Liu TibinVice Executive PresidentsLi KexingZheng GuangqingWu JiangTan MingxianAs a comprehensive multinational corporation, what is the characteristic of its structure? What is the difference between the two companies structure? why do they have differences? This is the main part I am going to explain in my essay.Panda Management ConceptionsIn our realizeing, management of an enterprise denotes the administrators thoughts and ideological level. It is the process through which the administrator does his management work with a clear and dedicated aim to advance the prospects of the company.In doing something new, we will certainly meet some obstacles. If we are disinclined to have a try or even to make plans for innovations , we will surely not succeed in making progress. Furthermore in making innovations, we world power struggle or even fail sometimes, but we feel we can make progress gradually by cultivation from our mistakes.An administrators ideological level has a great effect on the management efficiency. We feel he needs to be open and aboveboard, and should manage the company with strong ideals of jurist and fairness.An administrator should always set up a new aim for the company to operate with as a goal in object. A new aim stimulates all of the staff to work harder. We need to always bear in his mind that only the fittest will be able to survive in the tough market competitor. Market competition is like soaring against the current either you keep forge ahead or you keep move behind. Thus, an administrator should always work with a new goal in mind. besides in this way can he continue to take new action and to deal with new situations with foresight which will allow the company to mak e utile progress.So, the characteristics of Panda management depend on the philosophy that people are case-hardened as the foundation of the companys success and that spot the management rules are always strictly adhered to, the employees are nevertheless an integral part of and always regarded as essential to the companys continued progress and success.Panda IdeasThe purpose of the company is to serve people with technology.In our business operations, we have a clear management concept that we will win the market so long as we publish on a large scale at a leading pace.We have taken a market-and-order-orientation attitude toward the market. All we are doing in our work is for the services of customers and market.We are constantly improving the quality of our products. We are trying to reach the highest level in quality control.In military unit management, we firmly believe that the company should on the one hand offer employees opportunities to expand their abilities and that on the other hand the employees will earn profits for the company. Thus we consider the relationship between company and employees as a reciprocal one from which both can benefit.Now I consider Pandas management conceptions/ideas, as parts of its organizational culture, it contains many differences with Tescos. I will explain what the differences are in the essay.Since the 50s of 20th century, more than 30 Chinese leaders including monoamine oxidase Zedong, Deng Xiaoping and Jiang Zemin had inspected PEG. With the great concerns of leaders of the government and the Party, PEG has developed rapidly. Monopolization is forbidden in China, so Chinese government gives some help to other smaller competitors of PEG. As a huge market, China attracts many overseas companies, some large-sized companies, such as Sony, Samsung, and National, join in to the competition, to encourage the external enterprises, Chinese government constituted some policy for them as well, for example, low tax. W ithout the support from the government, PEG is not too strong to win the competition. International marketing has go a major issue for companies. In the twentieth century, world betray has been more and more important. All over the world companies are aiming at penetrating new international markets.As a large company which can not get enough market shares in its own country, PEG planed to entry the international market as well. When entering international business it is necessary to take into account the semipolitical system of the target country.It is much more risky to operate in dictatorship or anarchy than in democracy. semipolitical stability is a basic requirement. The legal environment of the target country is also essential to consider. China has free trade agreements with several countries, making it less pricy and easier to exportation Chinese products and to import foreign products. These circumstances contribute to the increase of foreign trade by providing an env ironment, in which it is lento for Chinese companies to export their products to international markets. In case of an export company, the most important legal factors are the export-import regulations, requirements, restrictions and the rate of tariffs. When establishing a subsidiary in another country, other legal factors become important.The company law, competition policy and tax regulations determine the normal operations of the company. Along with foreign investment regulations, environment-protection requirements etc., they set the legal environment for the firm. It is important to carefully examine and consider these factors. The threat posed by them can be reduced if the management is aware of them and understands these regulations well. PEG did get this great chance and it exported a large amount of its products to the developing countries and some western countries, unfortunately it did not deal with the regulations very well, for example, in Chinese advertisements it is usually allowed to compare competing productions, but it is not allowed in many European countries, PEG did not realize this when it first entry a foreign market, as a result, in some countries the company was indicted as export dumping.In order to review an organization or individual services, it is important to understand the external factors that influence the organization. An effective way to identify these external influences is to carry out a PESTEL analysis. Because of the different situation of China and UK, it is no doubt that the impacts of environmental factors for the two companies are different. By using the information I have, I can do a PEST analysis of both Tesco and Panda in my essay by taking some examples.It manufactures many kinds of products including the following serial publicationColor TV serial CTV, PTV, apply TV serial (Hotel TV, Huge protuberance TV Wall, CRT TV Wall, TV-PC, Playback TV, etc)Air-conditioner serial all kinds of Windows, Wall-mounted , Cabinet, Floor-mounted, and small Central Air-conditionersAV product series all kinds of videodisk, VCD, DVD+AMP, Amplifier, Voice speaker Box, CD, MP3Network series DVB-C, DVB-S, ADSL, C-LAN, and Family Information-resolution SystemBattery series High Quality Environmental auspices Battery, reversible Battery, Nichrome Storage Battery and kinds of ChargersElectronic subdivision series PCB, FBT, Tuner, kinds of Transformers and Coils, Inductance, Conduct-electricity Rubber, SpringProtection for caoutchouc series Finance Band System, Hotel System, employment Management, Public Place, Family Protection for Safety, Individual Protection System for SafetyLCD series LCD-TV, LCD-M and other LCD applied products washcloth theater Appliance and small Household Appliance series Washing Machine, Water-heater, and elicit Gas CanteenTechnology Equipment series kinds of convocation Line, Frock of Assembly Line, Meters of Assembly Line, and Tools of ProductionThese are information whic h relates to Pandas product/service details. As same as Tesco, Panda have many different kinds of products, and it also develops in some other industries. Comparing to each other, the two companies product/service are totally in different area, however, they may have the common management conceptions/ideas, it will be kindle to compare this part in the essay.Now I have collected the two companies details about their operation, location, function, environment and product/service. All the information will be used to prove my opinion in the written submission.