Business and the Business Environment

This document discusses the different types, sizes, and scope of organizations, the interconnection of functions within a company, and the positive and negative impacts of the macro environment on business operations. It provides specific examples to support the analysis.

Business and the Business Environment

BUSINESS AND THE BUSINESS ENVIRONMENT
Contents
Introduction......................................................................................................................................4
Part 1................................................................................................................................................5
LO1: Explain the different types, sizes and scope of the organization...........................................5
P1: Explain different types and purposes of organizations, public, private and voluntary
sectors and legal structures..........................................................................................................5
P2: Describe the scope and size of a range of various kinds of company for the purpose..........6
M1: Analyze the way the structure, size, and scope of various companies connect to the
business objectives, services and products offered by the company for the purpose..................8
Task 2.............................................................................................................................................10
LO2: Illustrate the interconnection of the several functions within the company and the way they
interrelate to the organizational structure......................................................................................10
P3: Describe the connection in between the various organizational functions and the way they
relate to the organizational structure and objectives..................................................................10
M2: Analyze the disadvantages and advantages of connections in between functions of
organization and the influence which can have upon their structure.........................................11
D1: Provide a critical analysis of the complexities of different types of business structures and
the interrelationships of the different organizational functions chosen for the purpose............12
Part 2..............................................................................................................................................13
LO3: Use of contemporary examples to demonstrate both positive and negative influence or
impact the macro environment has on business operations...........................................................13
P4: Identification of positive and negative impacts the macro environment has on business
operations, supported by specific examples..............................................................................13
M3: Application of the PESTLE model to support a detailed analysis of Macro environment
within Tesco...............................................................................................................................15
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LO4: Determining the internal strengths and weaknesses of specific businesses and an
explanation of their interrelationship with external macro factors................................................17
P5: Internal and external analysis of specific organizations in order to identify the strength and
weaknesses of Tesco..................................................................................................................17
P6: Explanation of strengths and weaknesses in interrelation with external macro factors of
Tesco..........................................................................................................................................18
M4: The justification of influence of SWOT analysis on the influence of decision making of
Tesco..........................................................................................................................................19
D2: Critical evaluation of the impacts that macro and micro factors have upon business
objectives and decision making.................................................................................................19
Conclusion:....................................................................................................................................20
References......................................................................................................................................21
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Introduction
The managers and the leaders of the organization maintains different department such as
management, logistics, running, arrangement, organizing, structure selection, coordination, and
planning. The organizations based In UK has also enlarged and expanded their business spheres
in many countries. Based on the present organizational scenario, Tesco PLC has established
various functions in the organization for increasing the productivity at the end of the financial
year.
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Part 1
LO1: Explain the different types, sizes and scope of the organization
P1: Explain different types and purposes of organizations, public, private and
voluntary sectors and legal structures.
The large organizations in United kingdom has been chosen as the prime organizations in this
research study and different types of the purpose of the organizations, public, private and the
voluntary sectors legal structures in the United Kingdom. There are many large organizations
such as Sainsbury PLC and the Asda Stores Limited, which are the main competitors of the
Tesco PLC. The large organizations in United Kingdom such as Tesco PLC can also make the
opportunities for the accomplishing the competitive advantages and thus aiding for the better
marketing strategies, quality and prices in the external market (Bah and Fang, 2015).
Voluntary Industry
The Voluntary industry has been comprised with many individuals and personnel and thus
grouping towards for accomplishing any common purpose and objective. In United Kingdom,
there is lot of organizations and thus all the companies in the industries are striving for adopting
various changes of the socio-economic developments for the rural people of the country. The
main objective of the voluntary organizations is to manage out the blood for the ill patients in the
hospital and thus raising funds for poor people in the country in the form of charitable tasks and
regional enterprises. The main purpose of the organization is as follows
 The voluntary organizations in the country are based with religious and the social
motives and thus experiencing charitable tasks in the country.
 The voluntary organizations are not a part of any government body or a local authority
and it runs on the collection of funding from the common people of the country and thus
using the surplus for earning and thus meeting the desired objectives and aims of the
organization (Chenchehene and Mensah, 2015).
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Private Industry
The largest organizations in the country have set their aims in earning profit at the beginning of
the business process. The private companies such as Sainsbury PLC have also performed in the
wholesale and retail market of United Kingdom. The organizations have also increased the level
of expectations and thus increasing the level of profit for the organization.
Public Industry
Many public limited organizations in the country have no upper limitations and thus creating
various issues with any kind of stocks for the common people of the country. The public limited
organizations are the most influential than the private industry as the industry showcases the own
advertisements and promotions in front of the people with the help of different prospectus and
the serving equity. The organizations have been one of the largest in the country and thus they
have also set their target in establishing business ventures for earning more profit in the future
course of time.
P2: Describe the scope and size of a range of various kinds of company for the
purpose
Size of various business organizations in United Kingdom
 Private limited company
Number of Owners 17
Amount of capital 1280 Billion Great Britain Pound
Amount of yearly Revenue 55.9 billion Great Britain Pound
NUMBER OF STAFFS 46000 and above
Table 1: Information relating to the private limited company
Scope: The private limited company has some of the limitations and it becomes much
comprehensive for managing their business management. In the private sector the board of
directors and the shareholders also get the opportunity in involving with the business and also in
giving suggestions for increasing the productivity at the end of the financial year.
 Public Limited Company:
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Number of Locations 500
Amount of Operating Income 1 billion Great Britain Pound
Number of staffs 150,000
Table 2: The information relating to size of a public limited company: ASDA Stores
Limited
Source: (Pantano, 2014).
Scope: The size of the largest public limited organizations in the country has been delivered and
they have a huge scope in expanding their business worldwide and thus availing finances from
the resulting shares in the share market. The managers and the leaders of the business are also
dedicated in finding out the loopholes in the business and increasing the level of communication
within the organizational culture (Botha et al. 2014).
 Voluntary Company:
Number of Staffs 5000
Amount of yearly revenue 0.9 million Great Britain Pound
Amount of capital 1.2 million Great Britain Pound
Table 3: Information related with the voluntary organizations
Source: (Pantano, 2014).
Scope: The Voluntary industry has been comprised with many individuals and personnel and
thus grouping towards for accomplishing any common purpose and objective. In United
Kingdom, there is lot of organizations and thus all the companies in the industries are striving for
adopting various changes of the socio-economic developments for the rural people of the
country. It has many scopes in expanding the sphere of the organization (Clarke et al. 2016).
M1: Analyze the way the structure, size, and scope of various companies connect to
the business objectives, services and products offered by the company for the
purpose
The structure, size, and scope of various companies connect to the business objectives, services
and products offered by the company are being analyzed
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Public Limited Company:
Company Background: The organizations have been the 2nd biggest chain of wholesale and
retail markets in the country.
Products and Services: Household products and stationary products
Size and Scope: The organization has their stores in Norway, Denmark, Sweden and many other
European countries. It has 13000 employees in the organization (Pantano, 2014).
Vision: To provide customer satisfaction at their retail stores
Mission: The organization wants to deliver fresh and quality foods to the customers.
Large public limited companies in United Kingdom:
Company Background: The organization is the largest chain of grocery stores in the United
States of America.
Products: The products of the public limited companies are the wholesale and retail products.
Size and Scope: The organization has 100,000 stores all around the world and it has also
expanded in many Asian countries like China, India, Malaysia (Pantano, 2014).
Vision: The organization has set their targets for expanding in the UK retail markets.
Mission: Conducting diverse research procedures on the customer’s desired objectives and goals.
Private Limited Company:
Company Background: The large private limited companies have been the largest in the UK
market and thus they have over 1200 stores all over the country (Pantano, 2014).
Products: Fresh-frozen foods, baby milk and electronic gadgets.
Size and Scope: The large private limited companies have the retailing store which covers areas
of 17200 square foot and 46000 and above employees work in the organization.
Vision: The main vision of the organization is to provide utmost customer satisfaction.
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Mission: Providing products to the customers, which have the best value for money
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Task 2
LO2: Illustrate the interconnection of the several functions within the
company and the way they interrelate to the organizational structure
P3: Describe the connection in between the various organizational functions and the
way they relate to the organizational structure and objectives
The main functions of the organization depends on the functions of various departments like
marketing, sales, survey conduction, human resource and management, accounting and finance,
training and development and resource and development as well as the customer service sectors
of the organizations. The marketing has been one of the most popular aspects of the organization,
where the both suppliers and the customers becomes profitable and thus increasing the
productivity of the organization and establishing new products in the external market.
Sometimes, in the middle of the business flow the organization also delivers some of the useful
messages to the employees and thus enhancing the social and the structural behavior of the
organizational culture and thus maximizing the responsibility of the organization (Pantano,
2014).
The accounting and finance department of the organization has also been one of the most valued
departments of the organization. The organization has also introduced a number of investments
to reach and thus meeting the desired needs and targets of the business entity. The cost
accountants and the chartered accountants of the organization have also played an important role
as they have the responsibility in preparing the balance sheet and thus valuing the profit and loss
at the end of the financial year. Many organizations in the department have also strived for the
treasury investment programs for assessing over the business growth of the organization.
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Figure 1: Organizational Structure
Source: (Raman than et al. 2017).
In large organizations, there are different regional managers, store managers. They process out
the wholesale products to different stores of the country. The food trading manager, non-food
trading managers and the personal managers are present under the store manager in large
organizations (Raman than et al. 2017).
M2: Analyze the disadvantages and advantages of connections in between functions
of organization and the influence which can have upon their structure
Advantages
The advantages of the connections in between the functions of the organization and influencing
on the structure are as follows
Large organizations has been integrating over the enlargement of the human resource
management in order to maintain the degree of the organizational behavior and thus covering all
the legislations and policies at the time of the business process (Apăvăloaie, 2014).
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Regional
Manager
Store
Manager
Food
Trading
Manager
Non-food
trading
Personal
Manager

BUSINESS AND THE BUSINESS ENVIRONMENT
Disadvantages
In large organizations, the managers are focused in functioning out on the behavioral aspects of
the employees and thus neglecting the functioning of the manufacturing department. The quality
of the goods are getting lowered and thus lowering the degree of the customer satisfaction.
D1: Provide a critical analysis of the complexities of different types of business structures
and the interrelationships of the different organizational functions chosen for the purpose
The organizational complexities are the number of resources measured with the help of the
people, data points, activities and the function points and thus improving the organizational
structures. The private organizations need to consist only of one shareholder and thus delivering
huge shares to the public. The company also offers a huge amount of shares to the individuals,
who have merged up with the organization in previous years (Cheung, 2014).
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Part 2
LO3: Use of contemporary examples to demonstrate both positive and
negative influence or impact the macro environment has on business
operations
P4: Identification of positive and negative impacts the macro environment has on
business operations, supported by specific examples
There are various macro economic factors which impact positively and negatively on the
business operations of the companies. In that context, the impact of various macro economic
factors such as political, economic, social, technological, legal and environmental factors of the
business have been discussed as below.
Political: The positive impacts of political factors are that it helps to develop a clear guidelines
for the operations of the business in its own country or in foreign country. Without the presence
of effective political norms, the business loses the direction for operations. However, for
expansion of business in other countries, the supermarkets of UK such as Tesco, Sainsbury, Asda
and Morrison’s are required to follow various degree of political complexity due to diverse
political norms across various countries (Menychtas et al. 2014). This makes the operations of
the businesses highly complex.
Economic: The poor value of Sterling in international market has caused the import in UK
costly. This negatively impacted on the business operations of various supermarkets operating in
UK. All the leading supermarkets such as Asda, Tesco, Morrison’s and others have restructured
its business operations to sustain its competitiveness (Apăvăloaie, 2014). Thus changes in
economic factors impact negatively on the business operations of the companies. But, due to the
positive impact of globalization, many companies such as Tesco reduced the economic risl of
value of currency fluctuation by focusing its operation on US market.
Social: The presence of diversity in social factors helps the companies to foster diversity in its
business operations. However, if the companies fail to meet the demand of various social
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segments effectively, it will not be able to make the business sustainable. Choosing the right
social segment of the business also decides on the success and failure of the business operations.
Technological: The positive influence of the technological factors helps the companies such as
Tesco, Sainsbury and Morrison has been successful to reach out to large customer base by
leveraging digital platform (Menychtas et al. 2014). But, the failure to access to the superior
technology has caused the companies to lag behind in competition.
Legal: Many business organizations such as Tesco, Morrison’s have generated controversies
related to infringement issues. Thus, following effective legal norms help the companies to
achi9ve sustainability (Apăvăloaie, 2014). However, the negative aspects of legal factors is that,
it reduces the scope of business considerably.
Environmental: The negative aspect of following various environmental norms is that in
increases the cost of operations. But, as it has been mandatory to include environmental norms in
CSR activities for companies operating in various countries (Apăvăloaie, 2014). This has
become a norm of developing superior value. In that context, performing effective environmental
norms gives the companies high degree of competitive advantage.
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M3: Application of the PESTLE model to support a detailed analysis of Macro
environment within Tesco
PESTLE is the acronym of key factors such as political, economic, social, technological, legal
and environment. The impact of these factors of the business operations of Tesco has been
discussed as below.
Political: Tesco operates in various countries across the globe. This requires the company to
follow different political norms across different countries. It has resulted increased cost of
operations and complexity for the business. However, die to the positive impact of various free
trade agreement such as EFTA, EU and others, the company becomes successful to access
various liberty in its business operations (Menychtas et al. 2014).
Economic: The poor economic performance of UK has resulted poor revenue of the company.
This resulted laying off many employees. But, due to the positive impact of globalization, the
company has been successful to access benefits from the higher value of dollars as it focused its
business in American market (economist.com, 2018).
Social: The increased inflation rate of UK has reduced the purchasing power of its consumers.
This has developed key social trends for the demand of hybrid and low cost products. However,
as money has been accumulated to the certain segment of society, it resulted widening of social
gaps (TESCO, 2018). This required for the company to offer products at diverge ranges to meet
the demand of this consumer segments.
Technological: Tesco has been successful to leverage digital technology in its business
operations. This helped the company to develop high degree of synergy in online and offline
platform. However, the overexposure of the company in digital media, made it vulnerable to
cyber threat (Menychtas et al. 2014). But, the company has been successful to enhance its degree
of market reach by integrating its business with the technology.
Legal: To make the business operations of the company, Tesco is required to follow various
legal norms such as National Minimum Wage Act 1998, Goods Act 1979 and Health and Safety
at Work Act 1974 (TESCO, 2018). Apart from these, the company has developed Tesco Law
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which would facilitate to provide legal services in Supermarkets. This way the company makes
its business legally viable and more protected from external legal influence.
Environmental: Tesco has implemented Little Helps Plan to make its 20 key products such as
bananas, corned beef, fresh beef and other environmentally sustainable. It has integrated its
supply chain in this plan, The company take yearly measures to improve, transform and advocate
its environmental measures to make its operations sustainable (Menychtas et al. 2014).
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LO4: Determining the internal strengths and weaknesses of specific businesses
and an explanation of their interrelationship with external macro factors
P5: Internal and external analysis of specific organizations in order to identify the
strength and weaknesses of Tesco
Various internal and external analysis of Tesco has been discussed as below with the help of
SWOT analysis. SWOT is the acronym of strength, weakness, opportunity and threat. The
strength and weakness assess the internal aspects, whereas, opportunity and threats assess the
external aspects.
Strength: The company has been successful to diversify its business in various market segments
such as consumer goods, oil and gas, brokers, financial, legal and many others. This reduced the
risk of operating business considerably. Tesco has also been successful to make considerate
global presence as it has 6.809 shops located across various countries (Sogn-Grundvåg, et. al.,
2013). This resulted considerate degree of strength to the business.
Weakness: due to the poor economical aspects, the company has undertaken restructuring
policy, Thus caused the organization sack around 2000 employees. The company also resulted
infringement controversies with Verco and Weatherford (Pantano, 2014). It negatively affected
the brand image of the company. Thus, it shows a key weakness for the business.
Opportunity: The stable performance of global economy has led better economic opportunity
for the business to grow in national and international market (Yu et al. 2014)
Threat: The presence of high competitive threat from Sainsbury, Marks and Spencer, Asda and
Wal Mart has negatively affected the competitive threat of the company (Yu et al. 2014).
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P6: Explanation of strengths and weaknesses in interrelation with external macro
factors of Tesco
To explain the strength and weakness in relation to the external macro factors of Tesco, Porter’s
Five Forces analysis have been provided as below.
Threat of new entrants: As the market is positively captured by the large supermarkets such as
Tesco, Sainsburry, Asda, Marks and Spencer’s and others, the market barriers in the industry has
increased (Yu et al. 2014). This has reduced the threat of new entrants in the market.
Bargaining power of buyers: The stable performance of global economy has developed
considerate purchasing power to the consumers (Yu et al. 2014). There is also presence of
various specialized retail stores and supermarkets. This increases the bargaining power of buyers.
Bargaining power of suppliers: Tesco has developed effective contracts with its suppliers. This
reduced the bargaining power of its suppliers.
Threat of substitute: In the online and offline market, there are various substitutes are available
for the products offered by Tesco. These products are offered by Amazon.com, Wal-Mart,
specialty retail stores and many others (Ramanathan et. al. 2017). Thus, it increases the threat of
substitute of the company.
Threat of competitive rivalry: The company faced high degree of competitive rivalry from
various organizations such as Marks and Spencer, Asda, Moriston’s, Wal-Mart, Amazon and
others (Chenchehene and Mensah, 2015).
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M4: The justification of influence of SWOT analysis on the influence of decision
making of Tesco
The SWOT analysis of the Tesco helped to assess its key business aspects from various
perspectives. It has led to identify the key strength and weakness presence in its internal business
aspects. Thus it will help to leverage its key strength to meet the market opportunity effectively.
It will also facilitate the company to reduce the negative impact of its weaknesses to overcome
the threats present in the market. This way the company will be able to make its business
sustainable effectively.
D2: Critical evaluation of the impacts that macro and micro factors have upon
business objectives and decision making
Like all other business organizations, Tesco is also a social unit. Thus, various macro and micro
economic factors impacts on the business operations of the company. As it operated in global
market, the political, economic, social, legal and environmental factors influences on its
decision-making aspect. As in the scenario of Brexit, the value of Sterling fell drastically against
that of Dollar. This caused the company to focus more on American market than that of UK
(Chenchehene and Mensah, 2015). This led the organization to lose large number of business and
employees. It negatively affected the profitability and brand image of the organization. This way
various macro and micro economic factors influence the decision making aspects of the
company.
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Conclusion:
The study outlined the scope, vision and other operational aspects of various business
organizations. It also provided details of organizational structure and functions. A
comprehensive PESTLE and SWOT analysis has also been provided in this study. The SWOT
and PESTLE analysis identified the degree to various macro and micro economic factors
influence the decision-making aspects of companies such as Tesco.
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