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Unit 1 Business Environment Assignment – Tesco

   

Added on  2020-06-04

13 Pages5379 Words275 Views
BUISNESS AND BUSINESSENVIRONMENT

ContentsINTRODUCTION.....................................................................................................................................3TASK 1.......................................................................................................................................................3P1 Types and Purpose of different type of organization..........................................................................3P2 Size and scope of different types of Organization..............................................................................5TASK 2.......................................................................................................................................................5P3 How different organizational function linked with organizational objective and structure.................5TASK 3.......................................................................................................................................................7P4 Positive and negative impact of macro environment..........................................................................7TASK 4.......................................................................................................................................................9P5 Internal and External analysis of TESCO...........................................................................................9P6 How strength and weakness inter-related with external macro factors.............................................10CONCLUSION........................................................................................................................................10REFERENCES..........................................................................................................................................12

INTRODUCTION The concept of business environment deals with all internal and external factors that influence the overall functioning of a company including management, customers, employees, demand and supply and business regulation. In other words it is a collection of all entities, individuals and other factors that may or may not be under the control of organization but can impact its profitability, performance, market share, growth and even survival (Sekaran and Bougie, 2016). The business environment includes factors such as suppliers and clients, owners and competition, laws and government activities, social and economic trends etc. Every business firm operates in a different environment as it cannot exist or survive in isolation. Such an environment either directly or indirectly influences business or also gets impacted by its activities as well. The selected organization for this report is TESCO which is a leading retail company in UK. The company is currently operating in more than 12 countries. The report covers how the functions and operations of TESCO gets affected by macro environmental factors. It also includes how different organizational function is linked with organizational objectives and structures, purpose and types of different organization and lastly internal and external analysis of TESCO. TASK 1P1 Types and Purpose of different type of organization There are different types of organization that are working in a business environment such as private, public and voluntary. Each one is having its own specific purpose and legal structure that makes them distinct from others. Also, each organization is bound to follow all rules and regulation imposed by government so that they can run their business effectively. Discussed below are different types of organization with their purpose and their legal structure:1. Private sector: These organizations are mainly run, managed and controlled by private individuals. There is less or no involvement of government in private sector. Players of private sector contributes significantly towards economic growth and development. The purpose of private companies is to earn maximum number of profit employee more workers than public sector who with their skills and efficiency assist in achieving over all firm's objective in a cost effective and timely manner. They are mainly contributing towards increasing the GDP of particular country. In UK, of private sector in their GDP percentage is near about 89%. Their main aim is to gain high competitive advantage in overseas market and expand their area of operation in other emerging countries. Example of private sector is NESTLE.Company Overview:It is one of the largest and the leading food company in the world that provides extensive numberof food and drink products to target customer such as tea, dairy products, frozen food, breakfast cereals, confectionery, chocolates, maggi and pet food. The company was established in the year 1866 and from the past 152 years they are effectively and efficiently fulfilling their customer requirement by providing them products as per their need and want.Purpose of Nestle:Their main purpose is to earn higher growth and revenues by offering high quality product or services to potential buyers.Improving the life quality of people by providing them quality product or services that creates value for them.Legal structure of private firm:Partnership: When two or more person enters into a contract so as to start a new business then it

is called as partnership. Under this a written document must be signed by partners who all have decided to run a business by dividing equal responsibility among each other and collectively responsible for the profit and loss.Sole partnership: Such type of business normally run and controlled by one single person known as the sole proprietor of the company. He is solely responsible for all profit and loss.Limited Companies: Under this, companies are classified into two types one is limited by shares and other is limited by guarantee.Merit:Less interference of government.Effectively meeting customer needs and requirement by providing them product or services according to their distinctive choices.Demerit:Private players cannot issue their share to general public.Society development and growth not their area of interest as they only focus on generating higher revenue and profit.2. Public sector organization:These companies are normally regulated and controlled by government of particular Nation. They are not working only for the reason of earning profit but also working for the welfare and development of society.For Example: TESCO Company Overview: Tesco is a leading British supermarket chain that mainly deals in selling food and non-food item to potential buyers.Purpose of TESCO:Providing high quality product and services to customer that creates value for them.Formulate effective strategies that result in making society a better place to liveLegal Structure:Central government: This authority controls the whole nation. Their main aim is to collect tax and print denomination.State government: Function of state government are supported by central government. Their main objective is to control activities related with educational sector so as to provide better educating opportunities to domestic population.Local government: Such type of administrative body works for relatively smaller region such as city, town or state.Merit:Primarily focus towards the welfare and development of societyGovernment provide adequate funding to public organization that they can run their operation effectively.Demerit:High interference of governmentThey are obliged to follow all rules and regulation imposed bygovernment bodies.3. Voluntary Organization: These are popularly known as non-profit organization which workswithin an aim of making society a better place to live. For effectively running their operation, they need to seek permission from government bodies. Example of voluntary organization is OXFAM.Company overview:It is a voluntary enterprise that runs with a motive of eradicating poverty from the world. With the help of their volunteers the company is effectively carried out their business operation.

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