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Tesco's Business and the Business Environment

   

Added on  2021-02-20

12 Pages3596 Words25 Views
Business and theBusiness Environment
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ....................................................................................................................................1P1 Explain different types and purposes of organisations...........................................................1P2 Explain the size and scope of a range of different types of organisations..............................2TASK 2 ...........................................................................................................................................3P3 Different organisational functions ........................................................................................3TASK 3 ...........................................................................................................................................4P4 Positive and negative impacts of macro environment............................................................4TASK 4 ...........................................................................................................................................6P5 Internal and external analysis of organisation in order to identify strengths and weaknesses......................................................................................................................................................6P6 Explain how strengths and weaknesses interrelate with external macro factors....................7CONCLUSION: ..............................................................................................................................8REFERENCES................................................................................................................................9
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INTRODUCTIONAs business is defined as an organisation which associated with commercial, professionaland industrial activities. As the business environment is that environment in which business existand it is a combination of internal and external factors which involves consumers, stakeholders,employees, suppliers etc. As mostly businesses are established for the purpose of earning highprofits. To better understand this concept Tesco has been chosen which is a British multinationalgroceries & general merchandise retailer. As this report describes the three different types of organisations & their distinctpurposes. In this report, there are various topics has covered such as: to analyse the distinct typesof organisations on the basis of their purpose, legal structure, size & scope, consider positiveand negative impact of macro environment in context to the business operations. Along with thisstrength and weakness are also analysed in context to the macro factors. TASK 1 P1 Explain different types and purposes of organisationsAs there are different types of organisation which are formed for distinct purposes andthey have distinct legal structure. There are mainly three types of corporations which are as:public, private and voluntary and these are as mention below: Public organisation: A public company is that which can transfer its shares into generalpublic. As the shares of public corporation are openly traded in the market and it have largenumber of investors who purchase the securities of organisation. As per the legal structure ofcompany it is mandatory for it publish the financial reports for the public and it have to followthe rules and regulations government. As Bank of England is a public company and it isestablished in United Kingdom. It is wholly owned by Treasury Solicit on behalf of government& perform the responsibilities of a central bank. This is worlds eighth oldest bank and it issuecurrency and manage the monetary policies of the country. As the main purpose of this bank is tocreate value for the consumers, control the money supply and create lifetime loyalty for thepurpose of profit maximization (Voegtlin and Scherer, 2012).Private organisation: A private company is that which can not trade it shares to openmarket and it can issue shares to the board of directors or promoters. The article of associationrestrict the organisation in context to the transferability of shares to general public it is the legal1
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