Business and Business Environment Assignment - Tesco Plc
Added on 2020-10-05
17 Pages5914 Words173 Views
Business DevelopmentEconomics
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BUSINESS AND BUSINESSENVIRONMENT
TABLE OF CONTENTSINTRODUCTION................................................................................................................................3SCENARIO 1.......................................................................................................................................3TASK 1.................................................................................................................................................3P1. Different types and purposes of organization........................................................................3P2. Explaining size and scope of different types of organizations..............................................4TASK 2.................................................................................................................................................6P3. Explaining the relationship between different organizational functions and their linkwith objectives and structure of firm...........................................................................................6SCENARIO 2.......................................................................................................................................8TASK 1.................................................................................................................................................8P4 and M3. Identifying positive and negative impacts of macro environment on businessoperations.....................................................................................................................................8TASK 2...............................................................................................................................................11P5. Internal and external analysis of organization.....................................................................11P6. Explaining interrelation of strengths and weaknesses with external macro factors............13CONCLUSION..................................................................................................................................14REFERENCES...................................................................................................................................15
INTRODUCTIONFor any organization, it is very important to have a healthy business environment as itcan help them in enhancing their performance effectively in the respective industry or sector.Business environment means all internal and external factors that affect how companyfunctions. Present report will focus on Tesco Plc which is based in the UK and operating inretail sector. This assessment will explain various types and purposes of organization andtheir legal structure as well. It will also discuss about the size and scope of different types oforganizations. Further, this study will help in explaining the relationship between differentorganizational functions and their relation with objectives and structure. Impact of macroenvironmental factors on business operations is discussed and conducting internal andexternal analysis for identifying their strengths and weaknesses is also analysed. Interrelationof these strengths and weaknesses with the external macro environmental factors is alsoexplained in the last section of this report respectively. SCENARIO 1TASK 1P1. Different types and purposes of organizationThere are various types of organizations which have different purposes based on theirfunctions and regulations respectively. Different types of organizations are explained in detailbelow:Public Organization: That part of the country’s economy which is supported andcontrolled by local, state or national government and is paid for by tax-payers. Itconsists of both public goods and services, for example, Tesco Plc, which is a publiccompany. It is governed by laws, regulations and structural bureaucratic checks. Someof the public goods and services included in public sector are infrastructure such asroads, bridges, public hospital, schools and transportation, etc. (Deasy and et.al.,2016). People who do not pay the taxes cannot be excluded from using these services.Different types of public sector organizations are (a) Public Corporation, (b)Government Company, (c) Departmental organization, (d) Joint enterprise, etc.Purpose of public organization: The main purpose of such organization is to servepublic by delivering them best services as per their requirements. This helps inincreasing their scope of business as well which helps them in gaining high revenuefrom it. Public organizations mainly work on principle that they will focus only tohelp the citizen of their country in order to enhance the business effectively. 3
Private Organization: Private organizations unlike public sector are owned and runby an individual. There is almost no involvement of the government in its operations.The primary goal of a private sector organization is to earn profit and to capturemaximum market. For example, Hilton hotel comes under private organization.Organization which falls under the private sector are (a) Sole proprietors, (b) Smalland medium sized businesses, (c) Partnerships, (d) Large multinationals, (e) Tradeassociations and (f) Trade unions (Prajogo 2016). People working in a privateorganization have more opportunities for a promotion. Their pay is generally higher.They have apparently better choices in career but on other side, they have to givemore hours of work in the organization. The competition is very high and there islesser job security as compared to people in public sector.Purpose of private organization: The main purpose of private organization is toimprove their business effectively in order to earn a good revenue which they can usein their business. Other than this, they also focus on expanding their business more.Voluntary Organization: Voluntary organizations are basically those organizationalbodies which work in the favour of helpful, needy, poor, old aged people or orphans.These organizations do not have a staff on salary basis. People who work for theseorganizations volunteer themselves for it without expecting any monetary profit.Voluntarism means by will or freedom. For example: Oxfam is a good example forthis type of organization.People come and offer their services in order to cater theneedy individual (Savrul, Incekara and Sener, 2014). It is not run with the motive ofearning profit rather they have a motive of making society a better place to live. Thereare different types of voluntary firm such as charitable trusts, NGOs, foundations,non-profit organizations, etc.Purpose of voluntary organization: Main purpose of voluntary organization is to helppublic by helping them. This also helps in increasing economic standard of thecountry. In this way, they help the country to enhance their performance. P2. Explaining size and scope of different types of organizationsThe scope of an organization depends upon type of services which it delivers to theircustomers. This helps in enhancing the scope of different types of organizations. There arevarious types of organizations such as, sole trader, partnership, limited company, voluntaryorganization, NGO, etc. Size and scope of these different organizations can be explained asbelow:4
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