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Business and Business Environment Assignment Solved - Tesco

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Added on  2020-10-22

Business and Business Environment Assignment Solved - Tesco

   Added on 2020-10-22

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BUSINESS AND BUSINESSENVIRONMENT
Business and Business Environment Assignment Solved - Tesco_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1P1. Different type and purpose of organisation..........................................................................1P2. Size, scope and range of different type of organisations......................................................2P3. Functions of Tesco and Its Interrelationship With Organisational Objectives And ItsStructure......................................................................................................................................4P4. Analysis of positive and negative impact of macro-environmental factors on Tesco..........6P5. Internal and external analysis to identify strength and weakness for Tesco. .......................7P6. Analysis of strength and weaknesses inter-relation with external macro-environmentfactors in Tesco ..........................................................................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONBusiness environment consists of factors, components and forces that strengthenenterprise ability to develop consumer relationship. The three levels of environment consist ofmacro, micro and internal (Deasy and et.al., 2016). Understanding of these environmentalfactors assists organisation to adapt to changing conditions and also establish their identity asunique firm. Present study will lay emphasis on environmental factors affecting Tesco. It is aBritish multi-national store and are also merchandised retailer. Company has been headquarteredat England, United Kingdom. They have opened more than 200 outlets across the region. Reportlays emphasis on different type, size and scope of organisation. It also highlights legal structurefor Tesco. Assignment discusses about inter-relationship between different organisationalfunctions and there inter-linking with companies objectives and structures. Study also discussesabout internal and external factors in order to identify strength and weakness of Tesco. MAIN BODY1. Different type and purpose of organisationThere are different type of organisation in a business environment. Each industry hasdifferent purposes, size and scope. The organisation structure is varied in working and also haveunique legal structure. The various sectors are-Public sector- These type of sectors are mainly owned and run by government. All thetask and activities in these organisations are done by central authorities. The main purpose ofestablishment of the sector is to not generate the profit but to serve general public. Major sourceof income for these type of organisations are taxes, penalties. They can expand their business byinter-linking with private sector. These sectors are been managed and organised at local, nationaland regional level. Businesses perform by the public sector are owned and controlled bygovernment. All the rules and regulations in these sectors are made by central authorities. Example of public sector- Tesco is a public limited company as it is owned and managedby many partners. They can sale their share to public freely and independently. Private Sector- These type of sectors are usually managed and controlled by privateowners. Main purpose for establishing these type of organisations are creating profit. Mainlyprivate sector industries are engaged in building unique image and offering creative product andgoods to customers. The shareholders of these companies have limited liabilities. To establish aprivate limited company individual requires various legal papers and permission of authorities to1
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start it. These organisations are involved in introducing new and creative good in marketaccording to the need and requirement if customer's. They increase their worth by issuing shareand debentures(Deasy and et.al., 2016). Also no decision is made by government in this sector.Private sector is involved in providing high benefits and incentives to employees working underthem. The sector mainly works for generating profit and revenue for their businesses. They areengaged in expanding their market across the region by delivering high quality of goods. Example of private sector- Mac Donald is a private organisation that is working forcreating their own benefits and profit. Voluntary sector- Voluntary sectors are the community sector which undertakes socialduties. These type of organisation only work for providing social benefits for the people. Profit isnot their main aim or motive. Main purpose these industries are to provide welfare, enrich thesociety and work for development of nation. The organisations are involved in developingschemes and policies that benefits the society. For example they can develop campaign related tosaving ad protecting environment. They can ask customers or their clients to avoid using polybags and instead use paper bags. Example of Voluntary Sector- Red Cross is a voluntary organisation that is been workingto provide social benefits to public. Legal structure for Tesco Tesco is a public limited company. They are the joint stock company which is beenoperated by board of directors on behalf of stakeholder. Tesco is involved in conducting annualgeneral meeting in which shareholder are involved in making certain key decisions. They cansell their shares on the stock exchange to general public and expand their business. Main ownersof the public limited company are their shareholders (Clarke, Li and Xu, 2016). They areinvolved in decision-making process of the company. The price of the shares given tostakeholder can fluctuate on the basis of market demand and need. Shareholders can forcecompany to make more profit so that they can get more amount of share. Legal structure for private sectorMac Donald is a private sector that has been following a legal structure where all thedecisions are made by board of directors of company itself. They can also ask for advice to theirfranchisees. Legal structure for voluntary sector2
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