Business and Business Environment Report - Tesco
Added on 2020-09-03
18 Pages4913 Words30 Views
BUSINESS AND BUSINESS ENVIRONMENT
CONTENTSINTRODUCTION.......................................................................................................................................1TASK – 1....................................................................................................................................................2P1 Explaining different types and purposes of organizations..................................................................2P2 Explaining the size and scope of a range of different types of organizations......................................3TASK – 2....................................................................................................................................................5P3 Explaining the relationship between different organizational functions and their link to objectives and structure............................................................................................................................................5TASK – 3....................................................................................................................................................7P4 Identifying the positive and negative impacts of macro environment on business operations............7TASK – 4....................................................................................................................................................9P5 Conducting internal and external analysis of TESCO in order to identify strengths and weaknesses.9P6 Explain how strengths and weaknesses interrelate with external macro factors...............................10CONCLUSION.........................................................................................................................................10REFERENCES..........................................................................................................................................12
INTRODUCTIONSpeaking about the business environment, it encompasses varied internal and externalfactors that influence the easy flow of activities within the organizations. Business environmentcan be further divided into sub-sections i.e. micro and macro. These factors are inter-related andinfluence the functioning of the firm. Nonetheless, the intensity of the impacts varies fromorganization to organization (Bunn and Ellis, 2012). The main aim of the present research reportis to focus on different structure, sizes, types, scope and purposes of the organizations. As aBusiness Analyst of Tesco, an investigation in regards with different types and sizes of businesswill be done in the current study. Throwing light towards Tesco, it is the largest British Retailerin terms of the global sales and third largest in grocery retailing. The company has achieved thisbrand name by adopting various strategies from time to time (Eastmen and Iyer, 2004). Theyhave many competitors as well, which compels the firm to become more efficient and effective.Some of the competitors of Tesco are ASDA, Sainsbury, Morrison and Iceland. The presentreport will provide brief introduction about the three different companies operating in the sameindustry and will explain how their scope, size, objectives and ownership differs. Basis of differenceTescoSainsburyIcelandSize Large Large Medium Stakeholders Customers, suppliers,employees Customers, suppliers,employeesCustomers, suppliers,employeesOwnership Public limitedcompany Public limitedcompany Private limitedcompany Purpose The main purpose ofTesco is to diversifytheir business To exceed thecustomers expectationby offering healthy,tasty and quality food To deliver goodquality products ataffordable price.Business Sector Tertiary (Clarke,2012)Tertiary andsecondary Tertiary 1
TASK – 1P1 Explaining different types and purposes of organizationsThis task will analyze various types and the purpose of different organizations. Further, itwill provide a brief overview in regards with the three major sectors i.e. public, private andvoluntary organizations. In addition to this, these firms will further be differentiated on the basisof their legal structures.Private, public and not-for-profit organizations Talking in relation with different types of organizations, they are broadly categorized intoprivate, public and not-for-profit organizations. Private companies are those, whose ownershipand control lies in the hands of individuals such as Apple, Iceland, Microsoft etc. Companiesinvolved in such sector are engaged in those activities which give maximum return to them(Koen and et.al., 2011). On contrary, public sector companies have controlling power in thehands of government such as Hospitals, army etc. The main purpose of public sector companiesis to develop varied provisions in relation with defense, health and education. Further, Not-for-profit organizations are the one which are non-government organizations. The revenues beingearned are used in further expansion plans of the business and the employees also carry out workvoluntarily with or without compensation. Profit, non-profit and non-governmental organizations Profit organization – comprehending about the profit organizations, they generally takesinto consideration firms like sole traders, partnership and limited companies. The mainmotive of their existence is to make maximum revenue from the entrepreneurs. Inaddition to this, for these corporations, revenue earned through sales is their life blood.Without handsome return, they cannot survive or sustain their business in the market. Theprofits earned are further re-invested in some profitable projects. Furthermore, theseorganizations are also less concerned about the community and society (Kotler and et.al.,2013). 2
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