Business & Business Environment: Tesco
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Added on 2021-02-20
Business & Business Environment: Tesco
Added on 2021-02-20
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Business and Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Types of Organization and Their Legal Structure......................................................................1Size Scope and Range of Different Organization........................................................................2Structure, Size and Scope in context of Goals & Objective of Organization..............................3Interrelation Between Functional Department.............................................................................4Advantages and Disadvantage of Interrelationship of Functional Departments.........................5Complexities of Different Function of Organization with Organization Structure.....................6TASK 2............................................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONBusiness is an organization where the people or employees work together to earn mutualprofit by maintaining the productivity of organization. The purpose of business is to earn profitby selling products or services which are developed in organization. Business environment is thestudy of all internal and external factors of organization that can affect the organizationalfunctions in different ways (Hamilton and Webster, 2018). It is important to study these factorsto maintain or improve the productivity of Company. This report is a study on multinationalretail market chain Tesco. Tesco is considered among the largest retail market chain in world. Itis global groceries and general retailer and its headquarter is in Welwyn, Garden City,Hertfordshire, England, United Kingdom.This report is providing brief of different types of organizations with their legal structure.Size and scope of different organization is given in the report. The structure, size and differentranges of company are studied in context of goals of organization. The role of interrelationshipof functional department is studied which is important for operation of organization. The impactof internal and external factors of organization are also covered in report.TASK 1Types of Organization and Their Legal StructureThere are mainly three types of organization that are public, private and Voluntaryorganization. These organizations are classified as per their vision and mission of the business.Public OrganizationPublic sector organization are normally owned or run by government. This type oforganization comes in existence to serve the people or citizen of country. Public sectororganization are similar to the voluntary organization but only difference between the publicsector and voluntary sector is, public sector companies serve people in return of some charge.The purpose of public company is provide the best quality service to the citizen not to earnprofit. High Way England is a public limited organization (Bah and Fang, 2015). This companyis completely owned by government.Private OrganizationPrivate organization is a company which is owned by a single person or group of people.This can be of different types that are personal, partnership, corporation, association and agency.It is not a public body so its purpose is only to earn profit by selling its product and services to1
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