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Business and Business Environment of Tesco - Assignment

   

Added on  2020-07-22

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BUSINESS AND BUSINESSENVIRONMENT1

Table of ContentsINTRODUCTION...........................................................................................................................3LO1: EXPLAIN DIFFERENT TYPES AND PURPOSES OF ORGANISATIONS; PUBLIC,PRIVATE AND VOLUNTARY SECTORS AND LEGAL STRUCTURES................................3LO1: EXPLAIN THE SIZE AND SCOPE OF A RANGE OF DIFFERENT TYPES OFORGANIZATIONS.........................................................................................................................4INTRODUCTION TO TESCO...................................................................................................5PRODUCT ANS SERVICES OF TESCO..................................................................................5VISION AND MISSION OF TESCO.........................................................................................6OBJECTIVES OF TESCO..........................................................................................................6LO2 EXPLAIN THE RELATIONSHIP BETWEEN DIFFERENT ORGANIZATIONALFUNCTIONS AND HOW THEY LINK TO ORGANIZATIONAL OBJECTIVES ANDSTRUCTURE..................................................................................................................................7ORGANIZATION STRUCTURE OF TESCO...........................................................................8LO3: DEMONSTRATE BOTH THE POSITIVE AND NEGATIVE INFLUENCE/IMPACTTHE MACRO ENVIRONMENT HAS ON BUSINESS OPERATIONS......................................9PESTLE ANALYSIS OF TESCO...............................................................................................9LO 4: DETERMINE THE INTERNAL STRENGTHS AND WEAKNESSES OF SPECIFICBUSINESSES AND EXPLAIN THEIR INTERRELATIONSHIP WITH EXTERNAL MACROFACTORS.....................................................................................................................................12SWOT ANLYSIS OF TESCO..................................................................................................12CONCLUSION..............................................................................................................................14REFRENCES.................................................................................................................................152

INTRODUCTIONBusiness organization is a group of individuals who are working together to attain acommon objective. It is made up of employees working at different levels to ensure the roles andresponsibilities are fulfilled to achieve the final goal for the business. The role of management isto ensure that effective planning is done, making strategies and supervising and the employee’srole is to ensure the execution is done smoothly and coordination is there within eachdepartment. The environment in which a business has to perform its activities is impacted byexternal factors such as socio-economic factors, political, local regulations etc.LO1: EXPLAIN DIFFERENT TYPES AND PURPOSES OFORGANISATIONS; PUBLIC, PRIVATE AND VOLUNTARY SECTORSAND LEGAL STRUCTURES.There are various types of organizations which perform their respective function in themarket and work towards their vision and mission. These organizations can be broadlycategorized into Public Sector, Private Sector, public and private corporative, charitableorganizations and Non-Government/Non-Profit Organizations. A private organization is onewhich is owned by the individuals and are following the laws of the land where they are havingtheir operations. They can be further classified into three types i.e. Proprietorship, partnershipand cooperative society or units. A private organization which is owned by single individual whois operating the entire operations of the firm and is also responsible for the probable liabilitiesand any legislations which might be coming towards the firm. In United Kingdom for anyindividual to start their business first they have to register themselves with HM revenue andcustoms department. The individual will be responsible for the payment of the tax to the3

government. A partnership firm is an organization where there are two or more individuals orfirms which come together to form a company. In case of a partnership firm it is theresponsibility of both or all the partners to get the necessary registration done and also areresponsible for the payment of taxes to the government. A Public organization is one where thefull ownership or part ownership is with the government. The government is responsible for thefunctioning of the activities in the company. The main purpose of the organization is towardsserving the community and not solely making profits. The working of a public organization isvery transparent and there is a decision making body selected by the employee and they make theplans whereas the rest of the employees are working on the execution of those plans. Charitableorganizations are which are working for a specific area towards the betterment of the society,they do not have interference from the government on their working, organizations which areworking for the treatment of HIV can be classified as the charitable organization.LO1: EXPLAIN THE SIZE AND SCOPE OF A RANGE OF DIFFERENTTYPES OF ORGANIZATIONSAll the organizations are working towards achieving the goals and objectives for whichthey come into existence. The size of a private organization is generally small and its scope issmall and not spread widely. A partnership firm is also of a small size and has a limited scope ofrange. A public enterprise is big in its scale and the size of the organization is also big.Every organization has a vision and mission for which are working and striving toachieve. For the purpose of this paper we have selected Tesco as the organization. It is thebiggest retain chain of the United Kingdom. Not only United Kingdom they have expanded theiroperations into different parts of the world such as China, Hungry, Malaysia and India. All the4

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