Assignment On Business and Business Environment - UK
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Added on 2021-02-19
Assignment On Business and Business Environment - UK
Added on 2021-02-19
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Business and Business Environment
Table of ContentsINTRODUCTION ..........................................................................................................................3L O 1................................................................................................................................................3P1) Types and objectives of organizations. ................................................................................3P2) Size and importance of different types of organizations......................................................4L O 2................................................................................................................................................5P3) Relationship between various functions of the organization................................................5CONCLUSION ...............................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTION Business refers to the activity of producing goods or services and sell them with the aimof earning profits. Business environment refers to the combination of different types of internalfactors that exists in internal environment and external factors that exists in external environment(Andersson, Forsgren, M. and Holm, 2015). Example- needs of customers, technologicalchanges, government, economic changes etc. that may impact the business. The Report will bebased on Tesco. Tesco was founded in year 1919 by Jack Cohen. The company belongs to Retailindustry. The headquarter of Tesco is located in England, UK. Company offers various productsthrough supermarkets, convenience shops, hypermarkets etc. Tesco is currently operating approx6800 shops across UK, Thailand, Poland etc. The Report will outline various types and purposeof the organizations, size and importance of different types of organizations. It will also describethe relationship between various functions of the organization.TASK 1L O 1P1) Types and objectives of organizations. Public - Public organizations are operated in public sector of the country. These organizations areunder the control of Government. There are various forms of public organizations such as –Enterprises owned by state etc. One of the common example of public organization in Retailsector is Tesco. Objective - Main objective of public sector organizations is not to earn profits but the main aimis to provide services to the people of the country.Legal structure- Tesco is a public limited company and its shares are owned by the shareholderswho has provided funds for the operations of the organization (Bah, E.H. and Fang, 2015). Private - Private sector organizations are those companies that are not controlled by theGovernment. Companies that belongs to private sector are operate by individuals. One of theexample of private organization is Arcadia Group.Objective –
Main objective behind operating the business is to earn maximum profits by increasing the saleof products or services through innovative products or services, reducing the cost of productionetc. The efforts of key persons of the organization also impacts the profitability of the company.Legal structure - Arcadia Group is a Private Limited Company because, majority of shares were own by TavetaInvestments, Tina Green etc. Voluntary- Voluntary organization are also known as voluntary group. These organization areformed by group of peoples by entering into a contract. Example of voluntary organization are –professional associations, trade associations etc. One of the common example of voluntaryorganization is Oxfam.Objective- Group of individuals enter into the agreement to form an organization for achieving acommon objective. One of the main objective behind forming a voluntary group are related withwelfare and development (Burstein, 2019). For example - To promote the welfare of the society,working for economic development of the country etc. Legal structure – Oxfam is own by various trustees. The trustees of Oxfam are responsible forthe activities, assets and charity of the organization. It is a non profit limited liabilityorganization. Trustees are being appointed by the people that make donations. Trustees areappointed in Oxfam due to their advance skills of managing the charity of the organization. P2) Size and importance of different types of organizations.Size - Tesco is a large size retail organization that deals in various types of products that areoffered through supermarkets, convenience shops etc. It operates the business in differentcountries like UK, Thailand etc. It is a multinational organization because it operates more than6800 stores in different nations (Camillus, 2016).Arcadia Group is also a large size organization because, it operates its business at more than 48locations through approximately 2500 stores across UK. Such as Selfridge etc.Objectives -One of the major objective of Tesco is to become top company in Retail sector of UK byproviding high quality of products at low cost to the customers.One of the main objective of Arcadia Group is to offer right type of products to the buyers indomestic as well as at international markets.
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