Business & Business Environment of Tesco - Assignment
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Added on 2020-01-28
Business & Business Environment of Tesco - Assignment
Added on 2020-01-28
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Business and Business Environment1
TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................3PART 1............................................................................................................................................4a) PowerPoint presentation .........................................................................................................4b)................................................................................................................................................13P3 Organizational functions and how it is connected with business objectives and structures 13M2 Manner in which business structure affected by web interrelationship among functions ofbusiness .....................................................................................................................................14c)................................................................................................................................................15D1 Difference and complexities of two business in terms of structures...................................15PART 2..........................................................................................................................................16a)................................................................................................................................................16P4 Positive and negative impacts of the macro environment....................................................16P5 Carrying out internal and external analysis to determine core strengths and weaknesses...17P6 Manner in which strengths and weakness are linked to external macro factors...................19M3 and M4 Impact of macro environment on business decision making process....................20b) ...............................................................................................................................................20D2 Reflective statement ............................................................................................................20CONCLUSION..............................................................................................................................22REFERENCES .............................................................................................................................24REFERENCES..............................................................................................................................262
INTRODUCTION Every Business cannot be conducted in vacuum thus role of environment is significant ascompanies operate in an environment. Organizational environment is comprised of internal aswell as external factors which greatly extent affect the operations of the firm. In addition to this,it also influences the company's stakeholders that include employees, customers etc. This alsoincludes external factors which can affect the business operations such as demand, supply as wellas regulations on whole (Giechaskiel and et. al., 2012). Moreover, business environment iscombined of customers needs this presents that organization needs to comply with theirrequirements. In the present report, Harrods and Tesco have been taken into account. Harrods isa private sector firm and it is the luxury department store which is engaged in offering greaternumber of products and services to the individuals. In contrast to this, Tesco is a public limitedcompany which is British multinational grocery as well as general merchandise retailer. Theorganization is the third largest retailer across the globe when measured in terms of profit.Further, it is fifth largest when it is measured in terms of revenue across the globe (Hamilton andWebster., 2015). The present study entails to understand various organizational functions and manner inwhich such are connected to objectives as well as structures of the firm. Along with this, itincludes differences as well as complexities among two businesses. The study includes positiveas well as negative impacts of macro environment on the organizational operations. Further, itinvolves internal as well as external analysis for the purpose of determining strengths andweaknesses 3
PART 1a) PowerPoint presentation The purpose of the company is to become number one departmental store in world forluxury branded merchandise, maintaining a new level of retail standards, expertise andprofitability through an aggregation of product, innovation and eccentricity. The company aimsto provide its customers a sophisticated and alluring retail experience that is not availableanywhere else. What sets Harrods apart is a commitment to exceed expectations. 4
Companies like Tesco, which enjoys long term success are focused businesses. They have a corevision which remains constant while its business strategies and practices regularly adapt to thechanging world. In an highly competitive global environment, without a clear purpose andmission business will lack direction and will not be able to sustain. Tesco is a firm which is builtaround customers and peers. Its vision guides the direction of the organisation and the strategicdecisions it makes.5
Basis of differenceHarrodsTesco6
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