logo

Business and Business Environment Assignment - Tesco company

   

Added on  2020-11-12

17 Pages4674 Words191 Views
BUSINESS AND BUSINESSENVIRONMENT
Business and Business Environment Assignment - Tesco company_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Different types of organisation and the growth of international business environment.....12. Explanation of chosen organizations..................................................................................23. Explain functions of John Lewis Partnership and how they interrelate with organizationalstructure and objectives..........................................................................................................54. Different macro environmental factors that have their impact on business operations.....65. Internal and external analysis of Tesco .............................................................................96. Interrelationship of strength and weakness with macro environmental factors...............10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
Business and Business Environment Assignment - Tesco company_2
INTRODUCTIONThis study will be based on business and business environment. Business is related tobuying and selling of products to earn profits. Business environment is includes internal andexternal factors which have their impact on the working of business operations. This assignmentwill include Tesco as part of different tasks. Tesco is involved in a retail business and serve itsproducts in supermarkets, hypermarket, superstore etc. Products consists of clothing, furniture,software etc. This assignment will include different types of organisations such as public ,private and voluntary and their size and scope . This study will also explain about relationshipbetween different organisational functions and their link with organisational structure. This taskswill discuss about different macro- environment factors that have their influence on businessactivities. It will also include SWOT analysis to identify the strength and weakness of firm.MAIN BODY1. Different types of organisation and the growth of international business environmentPublic sectorPublic sector organisation are owned and controlled by government. This organisationperforms different activities to provide its products and services to the public at reasonable pricesFor example: NHS is a public sector organization operating in England. NHS does not work togenerate profits. Public sector organisations includes department undertakings, publiccorporations, government company. Departmental undertaking is one of the department ofgovernment which is controlled by department of government. Public corporations is formed byan act of parliament (Kazancoglu and Ozturkoglu, 2018). This corporation is financed bygovernment. NHS is financed by various taxes collected by government and different fundingfrom institutions. The legal structure of public sector organisation is governed by the governmentof that country and is funded by government institutions and various taxes collected fromdifferent individuals.Private sector Private sector organisation are those which are established with the motive to earn profits.For example: John Lewis Partnership is a privately owned partnership organization in UK John Lewis Partnership is run by individuals and groups. John Lewis Partnership operating inprivate sector are free from government control. John Lewis Partnership produces different typesof products and services in order to sale them to customers to generate profits (Ali, Miah and1
Business and Business Environment Assignment - Tesco company_3
Khan, 2017). Private sector organisation consists of Sole proprietors, partnerships, small andmedium – sizes business, trade unions etc. John Lewis Partnership perform various operation s inorder to satisfy customer’s wants and provide them with high quality products and services. Thelegal structure of private sector companies is governed as separate legal entity that means thelegal identity of organisation is different from owners.Voluntary sectorsVoluntary sectors organisations consist of those firms which are established in order toprovide social services to public. For example: National trust is a charity organization operatingin UK. National trust are formed by group of individuals to work towards the welfare of society.National trust are known as not for profit companies which motive is to serve people and not togenerate profits. National trust consist of charitable trust, Community group, and social welfareorganisations etc. The legal structure of National trust is governed by the rules which are set outin a constitution. The legal structure adopted by Voluntary sectors consist of unincorporatedassociations, a trust and a company limited by guarantee.Sole proprietorshipIt is the form of business organization under which the individual owner operates thebusiness activities and is not a separate legal entity where the person is responsible for its debts.The advantage of sole proprietorship is that it is simple form of organization and owner hasfreedom to take decisions. The disadvantages are limited resources and unlimited liabilities thatare to bared by the owner. John Lewis Partnership can use sole proprietorship for entering intonew markets for starting business operations.PartnershipsIt is the formal arrangement in which two or more parties cooperate to manage andoperate a business by agreeing to share profits and losses with a limited liability. The advantagesof partnership are it involves more capital of business and limited external regulation. Thedisadvantages of this form of business is that unlimited liability and risks of disagreements. JohnLewis partnership is such a form of business organization. 2. Explanation of chosen organizationsPublic Sector: Public sector is also known as the state sector which is part of theeconomy that comprises both public services and public enterprises. Public Sector are2
Business and Business Environment Assignment - Tesco company_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Business and Business Environment
|11
|3311
|63

Business and Business Environment Assignment - John Lewis
|15
|3674
|335

P1 Types of organization (Doc)
|13
|3932
|35

Business and Business Environment
|13
|3888
|68

Business Environment - Assignment Sample
|15
|4525
|160

Business and Business Environment
|15
|4100
|32