Business and Business Environment of Tesco : Report
10 Pages2862 Words36 Views
Added on 2020-07-23
Business and Business Environment of Tesco : Report
Added on 2020-07-23
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Business and Business Environment
Table of ContentsINTRODUCTION.....................................................................................................................................3TASK 1....................................................................................................................................................4Covered in PPT..................................................................................................................................4TASK 2....................................................................................................................................................4P3: Interrelation between different organizational departments and their linkage with organizational objectives..................................................................................................................4TASK 3....................................................................................................................................................5P4: Impact of macro-environmental factors.....................................................................................5TASK 4....................................................................................................................................................6P5: Internal analysis of organization for identification of strengths and weaknesses......................6TASK 5....................................................................................................................................................8P6: Interrelation of macro-environmental factors with organizational strength and weaknesses...8CONCLUSION.........................................................................................................................................9REFERENCES..........................................................................................................................................9
INTRODUCTIONBusiness environment is the combination of internal and external factors which affects the business operations of an organization either in negative or positive manner. Internal factors include quality of human resources, business structure, corporate culture etc. which affects the performance of employees as well as an organization. On the other hand, external factors includes political, economical, social, technological etc... Which largely affects the sustainability and profitability of an organization. Therefore, the management are held responsible to establish an effective plans and policies in order to deal with such factors so as to achieve desired goals and objectives. Tesco, a UK based company which is engaged in offering fresh and quality food products at reasonable prices is taken for the purpose of preparing this report. The project includes the different types of organization and their scope and purposes. Interrelation between various departments of organization and their linkage with organizational objectives are also explained under this report. Internal and external environment which affects b business operation of an organization are included under this report.TASK 1Covered in PPTTASK 2P3: Interrelation between different organizational departments and their linkage with organizational objectivesThere are different departments in an organization who performs different business functions in order to achieve organizational goals and objectives. Therefore, the growth and success of an organization is based on such departments. These departments include marketing, production, human resource etc. which gives maximum support in helping company to achieve competitive advantage. The management of Tesco is held responsible to analyses the performance of each department sin order to find out each contribution in achieving desired goals and objectives (Bovee, Thill and Raina, 2016). It helps them to identifying the deviations which restricts departments in giving maximum contribution. Interrelation between functions of departments of Tesco is briefly explained as below:Human resource department: Such departments are responsible to recruit and develop skills and knowledge of employees with a motive of getting maximum support from them in achieving desired goals and objectives. The HR manger is liable to manage several functions such as workforce planning, performance appraisal, fixation of salary etc. Therefore, the HR department is wholly responsible to enhance the performance of employees and bringing motivation and self-confidence among them through conducting training and development programs, rewards, compensation etc. This will increases the chances of achieving desired goals and objectives within predetermined time period.
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