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Business environment assignment Sample : TESCO
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Added on 2021-02-22
Business environment assignment Sample : TESCO
Added on 2021-02-22
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BUSINESS AND BUSINESSENVIRONMENT
ContentsINTRODUCTION...........................................................................................................................................3TASK 1..........................................................................................................................................................3P1. Different types of organisations with their Purposes and Legal Structures.......................................3P2 Size and Scope of various types of organisation.................................................................................5TASK 2..........................................................................................................................................................7P3. Interrelationship between different Organisational Functions and Their Linkage with Organisational Objectives and Structure.................................................................................................7TASK 2..........................................................................................................................................................8P4 Positive and negative impact of macro environment upon business organisation.............................8TASK 4........................................................................................................................................................11P5. SWOT Analysis of Both Public and Private Sector Organisation.......................................................11P6. Interrelationship of External Macro Factors with Strengths and Weaknesses................................12CONCLUSION.............................................................................................................................................13REFERENCES..............................................................................................................................................15
INTRODUCTIONBusiness environment is defined as a situation in which business of an organisationsurvives and sustains in marketplace so that high revenues can be earned. It includestechnologies, suppliers, market conditions, investors, rivals and other aspects which impacts anorganizational business in any manner. There are different types of business firm like public,voluntary and private companies which have different scope and vision but main aim of thesefirms is to retain their customers for maximum time period. This assignment is prepared incontext with TESCO which is a UK based private organisation offering grocery products to theircustomers. Also, some information will be provided about public and voluntary organisation.This report will also discuss about the scope, mission, vision, background, products and servicesoffered by this firm. Also, interrelation among organizational departments is carried out. At last,with the help of PESTLE and SWOT, macro & micro environment of business will be analyzedin a detailed manner. TASK 1 P1. Different types of organisations with their Purposes and Legal StructuresBusiness organisation is stated as a group of human association that is established forattaining goals and targets so that high outcomes can be gained. Main aim of these firms is toeither earn maximised\profits or satisfying the urges of people via social care and benefits.Below is mentioned some information about different kind of organisations existing in businessenvironment:Public Sector Organizations: This sector involves those companies that are financed andowned by government and their officials on the behalf of common people. Main purpose of thesefirm is to help common people of society in sustaining a good life. For example, NHS. It is acentral government owned public sector organisation.Purpose: Main purpose of public firms is to offer health care service to common people by usingavailable resources in optimal manner. Legal structure: Central government: It gather funds from individuals in the form of public tax. Thisgovernment operates business organisation in entire country.
Local government: This government collect money from people as council tax and theymanage affairs of people within towns, cities and local area. State government: They have power to manage the affairs of entire state and possessspecific power which is applicable on certain fields. Private sector organisations: This sector involves those firms that are established andmaintained by private enterprises or individuals. These firms can either managed by a singleindividuals or in partnership. For instance, TESCO which is a PLC operating in global manner,mainly in US, UK and other European nation (Hillary, 2017). Purpose: Aim of these companies is to earn maximized revenues and profits so that bigadvantage over rivals can be attained without any complexities. Legal Structures:Sole proprietorship: Under this legal structure, a person manages and own businessindividually in hope to earn high sales and profits. To operate as a sole proprietor, aperson requires licence from local government. Partnership: It is an association of people which manage a business and share profits asper their stocks. To work in partnership, people are required to sign a contract where theydecided to pay debts or share profits as per their agreed proportions. Limited Company: In order to became limited company, these firms are needed toregister themselves. Profits of these firms, belong to the organisation rather thanshareholders. These firms have to pay corporate tax every year on their earned profit. Forexample, TESCO is a public limited company. Voluntary organisations: These firms include a group of people which are willing to worktogether so that their common objective can be fulfilled without any compromise. One exampleis Oxfam which is a charity firm works to reduce poverty among common people (Georgescuand Popescul, 2015.Purpose: Maim aim of these firms is to offer facilities and welfare to the people in free so thatthey can live a healthy life without facing the shortage of money. Legal structure:
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