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Business and Business Environment : Tesco

   

Added on  2020-06-03

11 Pages3318 Words45 Views
BUSINESSANDBUSINESSENVIRONMENT

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT...........................................................................................................................1TASK 2............................................................................................................................................1P3) Relationship between organisational functions and organisational structure.......................1TASK 3............................................................................................................................................3P4) Positive and negative impact of macro environment............................................................3TASK 4 ...........................................................................................................................................4P5) Internal and external analysis of organisations.....................................................................4P6) Explain how strengths and weaknesses interrelate with external macro factors..................6CONCLUSION ..............................................................................................................................7REFERENCES ...............................................................................................................................9.........................................................................................................................................................9

INTRODUCTION A business is also known as company, organisation, firm or industry, it is a place wherepeople can share goods and services in terms of money. Humans are mainly engaged in variousactivities, they take participate in some activities in order to satisfy their own wants and needs. Intoday's scenario business is most important part of humans life, it directly and indirectlyimpacted on our life as well as our needs. Business is also called economic activity which consistof regular and continuous activities including production and distribution of goods and services.The means of business environment is the external and internal factors that influenceorganisations operating situation (Bryman and Bell, 2015). Clients, suppliers, competitors andowners are most important factor of business environment. It is a wide collection of entities,individuals and some other important factors which can affects its growth, success, profitabilityand performance. Tesco is well known multinational retailer company, its basic purpose is tosatisfy needs and wants of customers with their services and goods. They produce products onthe basis of consumers needs. Tesco uses various marketing strategies for attract large number ofbuyers and clients towards their organisation as well as products.

TASK 1Covered in PPTTASK 2P3) Relationship between organisational functions and organisational structureBusiness organisations are established to perform specific functions like production,marketing, finance, sales, research and development. Companies are divided into thesefunctional line but production department of any company is known as most significancefunction. On the other side organisational structure determines how role and responsibilities willbe allocated, coordinated and controlled on different levels to accomplish organisational goalsand objectives (Bryman and Bell, 2015). Generally functions of Tesco revolves around itsorganisational structure. Some of the points which determines the relationship betweenorganisational function and organisational structure :Divisional structure : This type of construction divides different functions into differentdepartment. For example if company have various product lines then every product willhave their own different departments like sales, marketing and production. In simplewords Divisional structure specifies that each function will have their own differentdepartments to carry out its operations. This construction divide line products intodifferent departments so that each and every product can be manufacture by smoothfunctioning (Teece, 2010).Matrix structure : It makes organisational functions more flexible so that everyone canunderstand them. In matrix structure employees can be appointed in different departmentsas per the organisational changes take place. But sometimes this construction can impactnegative affect on organisation as it increase chances of conflicts. The name of matrixstructure determines that it mix all functions at all departments which can reduce theefficiency and effectiveness of both individuals and organisation.Functional structure : Most of business enterprises prefer this structure because in thiseach worker is centralize on specific task. This type of organizational construction haveclear authorization lines because in this specific function is done by specific department.The advantage of this structure is that it reduce the chances of misunderstanding &conflicts between employer and employee (Klapper, 2011).

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