(Pdf) Business Environment | Assignment
16 Pages4853 Words188 Views
Added on 2020-11-12
(Pdf) Business Environment | Assignment
Added on 2020-11-12
ShareRelated Documents
Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Different types, purposes and legal structure of organisations.........................................3P2 Size and scope of different types of organisations............................................................7TASK 2............................................................................................................................................8P3 Relationship between different organisational functions and link to objectives and structure................................................................................................................................................8TASK 3............................................................................................................................................9P4 Positive and negative impacts of macro environment upon business operations.............9TASK 4..........................................................................................................................................11P5 Internal and external analysis of organisations to identify strengths and weaknesses....11P6 Strengths and weaknesses interrelate with external macro factors.................................12CONCLUSION..............................................................................................................................13REFERENCES .............................................................................................................................15
INTRODUCTIONBusiness is defined as activity for making money or one's living by manufacturing goodsand services and selling it to consumers. Similarly, business environment is the sum of internaland external factors that can influence firm and its activity (Avramenko, 2012). These bothfactors works together for influencing enterprise for achievement of results. In order to runbusiness in competitive market, it is very important to understand changing environment in orderto fulfil requirement of consumers. The present report is based on TESCO which was founded in1919 at England, United Kingdom by Jack Cohen. It is multinational British retail and groceriesorganisation which provides variety of products for consumers. This is serving its goods andservices in different parts of world. As per scenario given in report, three organisation has beenselected which are private, public and voluntary named as TESCO, NHS and Oxfam. Thedifferent types, purpose, legal structure, scope, size, vision of all these firms are explained. Thereis relationship between various organisational functions, PESTLE and SWOT analysis are alsodiscussed in assignment. TASK 1P1 Different types, purposes and legal structure of organisationsAs per scenario given in assignment, three types of organisations such as private, publicand voluntary are selected named as TESCO, NHS and Oxfam. Each of them has different types,purpose and others. They are explained below:Private OrganisationIt is considered as part of country's economic system which is run by companies andindividuals rather than government. Such firms are run for making profit than providing services.Background details of organisation- The private organisation which is chosen isTESCO which was founded in 1919 by Jack Cohen at England, United Kingdom. It ismultinational British general retailer and groceries organisation (Ballard and et. al., 2012). It isconsidered as third and ninth largest retailer in world in terms of gross revenues and revenues.There are 6,569 shops located in different parts of world. It is serving in Ireland, Malaysia,Czech Republic, Poland, United Kingdom, India, Thailand, Hungary. The CEO and Chairman ofTESCO are Dave Lewis and John Allan.
Products and Service- It is providing various products and services to consumers. Theproducts are clothing, electricals, footwear and services in terms of banking, mobile services andothers. It provide home service to users for their convenience. Vision- The vision of TESCO consists of five elements which are described here. First isneeded and wanted around world, second is modern, full of ideas and innovation, third isgrowing business by grabbing opportunities, fourth is winners should apply skills globally andlast is earning trust, inspiring and loyalty from consumers, communities and colleagues. Mission- The mission statement of TESCO is to create value for consumers for earningtheir lifetime loyalty. Types- There are different types of legal structures of private organisation such as:Sole Proprietorship- When company is run by single person and share all risk and profitsby themselves is called sole proprietorship (Belás and et. al ., 2015). It is the simplest andoldest form of business. In this type of enterprise there is minimum restriction, easy todissolve. For example, tailor, carpenter, grocery shop. Partnership- When two or more individual work together for earning profit and sharerisk equally is called partnership. It is formed by signing partnership agreement regardingnumber of share, authorised capital and so on. All partners have equal rights andresponsibility towards organisation. Joint Stock Companies- When there is limited financial resources and heavy burden ofrisk leads to formation of joint stock companies. Capital can be raised through sellingshares of various values. Here, managing body can be CEO, Board of Directors andothers. It can be private limited and public limited company where private is formed bytow or more but limited to 50 and no intervene of government. In public limitedmembership is open and minimum number is 7 and maximum has no limit. Purpose- Purpose of TESCO is to serve shoppers or consumers little better every day. Asit is want to be a champions for consumers, helping them to provide better quality of goods fortheir life and easy way of living. Legal Structure- After analysing all different types of private organisation, it can be saidthat TESCO follows public limited company as legal structure which has large number ofmembers working in it (Bharadwaj and et. al., 2013). There are CEO, BOD for managing
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Different types, purposes and legal structures of public, private and voluntary sectorslg...
|15
|4002
|86
Business and Business Environment: Types and Purposes of Organisations, Organisational Functions and Objectiveslg...
|17
|5137
|495
(PDF) Organizational Types, Functions and Structureslg...
|12
|3858
|224
Types and Purposes of Organizations and Their Legal Structureslg...
|14
|1536
|57
Relationship between Organisational Functions and Objectiveslg...
|19
|5473
|75
Organizational Types, Functions and Structures Assignment - Tescolg...
|13
|3529
|459