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Business and the Business Environment - Tesco Assignment

   

Added on  2021-01-02

15 Pages3828 Words472 Views
BUSINESS AND THEBUSINESSENVIRONMENT

INTRODUCTIONA business is described as the company, firm or organisation where a mass number ofemployees work together so that they can achieve their own as well as organisational goals. Itcan also be considered as a place where people can share goods and services in terms of money.Business environment refers to the both internal and external factors which effects the operationsof company or employees in maintaining proper relationship with customers. The chosencompany for this assignment is Tesco plc. which is a British grocery and merchandise retailerbased in United Kingdom. This assignment will discuss the different types and purposes ororganisation along with size, scope and mission with examples of companies. Also the reportwill discuss the interrelation of organisational functions and objectives in achieving theorganisation's goals. Further, this report will discuss the positive and negative impacts of macroenvironmental factors with interrelation of the strength and weakness with the macro factors.TASK 1P1: Types and purposes of organisationsThere are various types of organisations whose mission and scope differs in terms ofprofit and services. The economy of UK depends on these organisations due to their hugeinvestments and profit which can be utilised by government in terms of tax. The organisationsare divided in Public, Voluntary and private organisations which will be discussed below :Public organisations- These organisations provide services to the people withoutworrying much on profits. These type of organisations are regulated and controlled by thegovernment. Shares of such organisations can be traded and sold freely to public. NationalHealth Service is a public sector organisation in UK which is providing health servicesworldwide.Purposes of public sector are:To provide quality health and medical services to the customers.To improve the social and economical conditions of the public.To improve the income and health by providing a better structure of society.Legal structure:Local government: Local government regulates and controls a small portion of area suchas a city or town.1

State government: This controls and imposes laws and regulations to state. It isresponsible for providing solution to the issues and requirements of a state.Central government:This government controls and regulates the whole economy orcountry. It is responsible for maintaining law and order in a country.Advantages and disadvantages of the Public organisationsAdvantages Disadvantages They are liable to provide their offerings atreasonable prices so that the trust of the publiccan be maintained towards the publicorganisationsThese are expensive to maintain and operate bythe government.Private organisations- Such types of organisations want to gain profits at any cost. Thistype of firms is operated by two or more individuals who are responsible for implementingpolicies and strategies for acquiring the organisational goals. Their main target is to gain profitby providing quality products and services to the consumers (Reed, and et. al., 2013). The chosenorganisation in private sector is Tesco plc. Which established in 1919 in London, UnitedKingdom. Tesco is a grocery and merchandise retailer. Tesco aims to understand their customersand provide them quality products based on their requirement.Purposes of Private organisation are:To reduce the product and environmental waste.To provide healthy, hygienic and sustainable products.To make a positive impact in the operating society.Legal structurePartnership: When two or more individual came in an agreement to share a commonobjective for achieving goals. Such structure allows them to share both the profit andloss and even can took decision together.Sole proprietorship: It is the simplest form of business. These are owned and regulatedby a single individual who is held responsible for all the profits and losses of the firm.Limited company: This hybrid structure allows partners and owners to limit theirliabilities. It means that the members are not responsible for any losses or debts untiltheir illegal act can't be proved.2

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