Principle of Corporate Legitimacy in Tesco Plc Sainsbury W M Morrison

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A long sustained relationship with&nbsp.the stakeholders only can make an organisation sustainable and successful, which is quite needed in such a competitive environment (Jensen, 2000).
Log term relationship with suppliers has been one of the core advantages of successful big companies around the globe. This report is an attempt to look insight into the sharing and commitment between the companies and their respective suppliers.
The past British UK industry was mostly crammed with a striking mix of the butchers, pubs, bookshops newsagents, tobacconists, greengrocers and small family-owned general stores. In due time these started to get filled by the supermarket retailers, mobile phone shops and fashion outlets (Hamlett &amp., 2008). In the late twentieth century, retail started changing in a more complex form. Back in 1955, a conventional high street in Britain used to have autonomous shops as well as the shops owned by multiple and cooperative retailers. Shops based on counter-based were competing with the self-service stores and the very first supermarkets (Hamlett &amp., 2008).
The economical advantage of manifold food retailing enabled them to have enhanced share in the mid-twentieth century. Between the wars, the spending capability of the working classes increased with an increase in the availability of cheap, imported food items. This situation encouraged the rapid growth of multiple grocery shops. Back in 1939, the cooperative retail societies and multiple retailers were accounted for around 24 % and 25 % share of the sales in retail groceries (Hamlett &amp., 2008). Apart from these retailers, few independent retailers also had large stores in significant localities. By 1947, there had been only ten self-service retail shops in Britain. Later on in the late in the 1950s and 1960s, the number started growing rapidly. In 1961, the number of supermarket stores in Britain grew from a number of 50 to a huge 572 within 11 years time period.