Table of Contents INTRODUCTION ............................................................................................................................................................ 1 1. Explanation of several kinds and aim of enterprises; public, private and voluntary sectors and legal structures...................................................................................................................1 2. Analysation the scope and size of a range of various kinds of organisations....................3 TASK2 ............................................................................................................................................................ 4 3. Identification the relations between various structure roles and how they link to structure objectives of organization.........................................................................................................4 TASK3 ............................................................................................................................................................ 6 Case Study (The UK Supermarket sector)...............................................................................6 4. Determination of negative and positive treaty of macro situation has upon business operations, founded by oarticular examples.............................................................................6 TASK4 ............................................................................................................................................................ 7 5. Justify the external and internal investigation of particular company in order to determine weaknesses and strength...........................................................................................................7 6. Explanation of how weaknesses and strengths interrelate with external macro factors.......8 CONCLUSION ............................................................................................................................................................ 11
INTRODUCTION Business environment is the set of internal or external factors which commonly affects the decisions of business in an effective manner. Business environment can be classified in to two parts micro and macro environment. Whereas, micro environment are the powers which are interrelated with any kind of firm. Along with this macro environment refers to the all business external factors which influence the company and its business as well. On the other side business and the business environment refers to the collection of all individual, entities and so on. Therefore, every business enterprises operates this environment in order to operate their function effectively. This present report is based on 2 Tasks in which 1sttask will be considered the essay report which is based on profit or non profit organizations i.e. Tesco and Oxfam. Wherein, task 2ndwill describe the case study which is based on UK super market sector so that these topics will get covered in this report (Bovee, Thill and Raina, 2016). TASK 1 1. Explanation of several kinds and aim of enterprises; public, private and voluntary sectors and legal structures. Private organization:(TESCO plc) TescoisaBritishmultinationalgeneralmerchandiseandgroceryretailerand headquartered in Welwyn Garden City UK. This was formed in 1919 by Jack Choen along with this It is the 3rdlargest retailer company which is measured by their gross revenues. This company has shops in 7 countries across the Europe and Asia. Tesco is listed on the London Stock Exchange and it is also a constituent of the Financial Time Stock Exchange which is also called FTSE 100 index. According to this concept it is a private organisation which operates their business with the specific goals or making profit by partnership, an individual or agency and give services to its customers surrounding the countries of UK. Purpose-The main purpose of this company is to provide better services to their customers in order to gain targeted goals or objectives in an effective manner. Nature-Tesco is a very good company that always uses several kind of strategies or techniques in order to build customer loyalty in a better way and reached the billion pound ratio in 1979. Therefore, this company became the world's largest retailer organisation of UK.
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Legal structure-Tesco follows hierarchical organisational structure as per this obligation and position are classified in two parts that ensures work will complete smoothly or efficiently in a better way. Public organisation:(Crown prosecution services) CPS is the principle public prosecuting agency for conduct the criminal prosecution in the country of England and Wales. It is formed by the director of public prosecution. This service is responsible for provide legal advice to the police and another investigation agencies due to the course of criminal investigations. Purpose-The main purpose of this public organisation is to provide good culture with accurate knowledge in order to face difficult challenges in an appropriate way. Nature-CPS was published in 1981 it is the undesirable for police in order to continue to investigate or prosecute crime both. So that this organisation found itself occupying a position between the courts and police. Legal structure-The legal structure of this organisation is to redefine the role of headquarters that ensures all senior lawyers including CCps spend more and more time in the prosecuting that affects the people in an appropriate manner. Voluntary sectors:(OXFAM) In this sector Oxfam has been taken as an voluntary sector which is the connection of twenty independent charitable organisations which is determined the comfort of global poverty with type of non profit company. It was established in the year of 1942 through Jackson Cole on England and manage their company's functions worldwide. Purpose-The main purpose of this organisation is to helps in making accurate solution of the unfairness of poverty. Whereas, vision is to make happy world so that they can live their life without any issues(Bovee, Thill and Raina, 2016). Nature-Oxfam is is a confederation of 20 national companies which are working together in order to fight poverty so that this company can easily reduce the effects of poverty. Along with this it focuses on the long term development emergency assistant or programs and political advocacy as well in an appropriate manner.
Legal structure-This company is a international foundation which is limited by the guarantee in UK. It has 19 affiliates where, Oxfam is currently supported by public engagement office their main objectives is that raise money or involve in the public in their work. 2. Analysation the scope and size of a range of various kinds of organisations. Explanation of different organisations and their size or scope of a range which are given below: Private Organisation (TESCO plc) Size and ScopeProduct and ServicesVisionMission The scope of Tesco is based on the level of marketwherein, company sells their all item. Size is also very wide because company operatetheir7,000 retail stores globally. This company uses its ownproductsthat includes in the grocery itemorsupermarket. Alsogivevarious servicestotheir customers like clothes, food items and so on (CaiandYang, 2014). Tesco'svisionisto make good products as perthecustomer requirements. Mission is to develop goodcustomersin ordertogaintheir brand loyalty. Public Organisation: (Crown Prosecution Services) Size and ScopeProduct and ServicesVisionMission CPSoperatestheir 800,000prosecution and2,900solicitors andalsohave600 members in them. This company provide severaladviceto policedepartments. Theycreatefew information and decide CPS is to become very independent or provide differentadviceto people in an effective manner. CPSstrivefor excellenceandoffer their advice in a good mannersothatthis publicorganisation
thecriminalcharges on the suspect. canbuildtrustwith theircolleaguesina specific way. Voluntary Sectors:(OXFAM) Size and ScopeProduct and ServicesVisionMission Thisisthe combinationof20 independent charitable companieswhichare workingtogetherin order to finish poverty andprovidewelfare economyservicesin an effective manner. Thisoffers humanitarianservices anddroughtprone areas. Along with this they al;sohave main motivetoerase poverty from all areas and give happy culture to every people across the world in a better way. Company's vision is to ensuresthattheir product with pride and stayconsciousofall typeoffirmactions. Apartfromthis anothervisionisto provideaffordable producttoits customers. Mission is very clear inordertoeradicate povertyacrossthe worldalsoprotect humanlifeinan effectivemanner. Mainthingisthat company also believes in the equalities that's whyitgivestheir services equally. TASK 2 3. Identification the relations between various structure roles and how they link to structure objectives of organization. In this present world, there are various organisation and plays different role according to their system and operation in an effective way. Wherein, Tesco has different department in their functions of organisation. This company also gives better services to their customers in an attractive way in order to gain customer loyalty or valuable feedback in a better way. These type of units have several kind of roles and responsibilities and have common aim to achieve the
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goals or objectives of business (Chavis, Klapper and Love, 2011). There are different different organisational functions and they link to organisational objectives or structure, which are given below: Human resource department: HR department is a important component of employees in the any kind of business. In this, Human resource is responsible for benefits, hiring, payroll and keeping upto date with the federal or statetax laws in a good manner. The HR sources mainly includes in the few categories that is PEOs, BPO an so on. In regards with Tesco this company also operate their function efficiently and recruit good candidate for suitable job in their workplace. Therefore it shows the interrelation of company's functions and their market function with the respect of organisational objectives in an effective manner. Sales department: This is the direct link between a company's service or product and its customers. Good sales is very helpful in order to create good relations with the customers in a respective way. Sales also helps in identifying the customer's requirement or needs and make sure that those need are fulfil in short period of time. In context of Tesco, they create strong relationship with their colleague or employees in order to make good product for customers in an attractive manner. So that this function is interrelated with organisation structure or their objectives because mostly company uses these function with the help of this any company can make good customers. Marketing department: It is very important term or department of any kind of business, it includes in different types of product and services in a good manner. It offers important research in order to justify the customer target or audience as well. As per this Tesco is based on hierarchical situation whereas, this company deals with various kind of product according to the customer requirement in the marketplace as a retailer company it has lot of value and image at market that cam make them valuable in front of the customers. So that these elements or functions are interrelated with the organisation objectives or structures (Erasmus, Strydom and Rudansky-Kloppers, 2016).
TASK 3 Case Study (The UK Supermarket sector) 4. Determination of negative and positive treaty of macro situation has upon business operations, founded by oarticular examples. There are several factors of macro environment which affect UK supermarket sector positively or negatively which are given below: Political factor:It is one of the important or huge factor which mostly affect the UK supermarket in an effective manner. This is because there are several firms which has different aspects or target in the UK market. For example Tesco has announced plans to simplify their business that will be result in 1,700 jobs so that it can be effect positively or negatively. Positive-The positive side is that political factor can helps UK market in order to operate their functions or operations in a better way. Negative-This create by the changes in policies or different functions so that this situation can develop conflicts between the company or market. Economical factor:In this factor UK super market is responsible in order to their environment or nation free so that firms can easily exist in UK. For example M&S prepare a plan to close their 14 shops so that company can exist in the market according to the employee scope. Negative:Rate of interest and taxation can increase and it can affect the functionality of UK supermarket. Positive:There are several policies or rules which is good for running business smoothly. Social factor:This factor includes in the different type of cultures, beliefs, rules, norms, values and so on. In which UK supermarket can directly increase their profitability because this is very helpful sector which impact positively. For example Sainsbury's has announced several plan in order to putting 1000 jobs for candidates. Positive-By this factor UK supermarket can easily build their customer relationship form different cultures. This is because few firms which are providing better services to their employees in an effective way. Negative-This can be impact negatively on macro environment because of lot rules and legislations (Hilton and Platt, 2013).
Technological factor:In the modern scenario, technology is very famous element of every organisation that improves the quality of their systems. UK supermarket follow unique or different technologies in order to make their services effectively. For example UK supermarket deals with Asda that has prepared 28 job vacancies in the UK so that people can easily get job opportunities so its impact positively. Positive-It will helps UK supermarket in order to make their services better in a attractive way. Also helps to change their technologies according to the present world's demand. Negative-It can be difficult for company in order to follow new techniques every time because it can be the high cost where company has to pay. Therefore,UKsupermarketcangetAffectedbyseveralenvironmentaspectsbut somewhere, it is benefits for every firms so that they can easily learn the rules and regulation of UK market in an appropriate manner (Hunter, Saunders and Constance, 2016). TASK 4 5. Justify the external and internal investigation of particular company in order to determine weaknesses and strength. UK supermarket has largest structure that exist in the various type of factor like oligopoly, monopoly or a perfect competition. For example Tesco, it is a third largest retail store across the world so that these all are the important aspect in order to analyse the SWOT analysis of an organization which are given below: StrengthWeakness ï‚·Tescoisthegroceryretailerand number one supermarket in the UK. It alsohashighsalesandrevenueas compared to the other supermarkets in UK. ï‚·It has also launched several kind of stores that includes in different aspects like Tesco home plus, metro, express etc. these all are strength of the UK ï‚·Tesco had to exit from the Japanese market in 2012. it was also failed in the operationswhichisforcedbythe company in order to close stores in Japan so that it was the weakness of UK market. ï‚·Due to higher debts there are lot of financialerrorswhichimpactUK supermarket negatively.
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supermarket that create good customers and manage their business globally. ï‚·There is low cost strategy where Tesco is the leader in the UK market that can reduce the profit. OpportunitiesThreats ï‚·Tesco has recently formed Jacks, this is also a new discount store which shows the importance of growth. It has an opportunitiestodevelopbusiness successfully. ï‚·Thereisanopportunitiesofjoint ventureinwhichTescoperforming under them effectively so that it can improvetheworkingefficiencyof people. ï‚·Emergingmarketisalsoagood opportunitiesforUKsupermarketin order to develop lot of stores of Tesco in South korea, Turkey and so on that can be the profitable opportunities for UK supermarket sector (Karagiorgos, Drogalas and Giovanis, 2011). ï‚·Brexitreferendumisno longer than European union but in this deals and cost have the matter a lot that can be the treat for Tesco. ï‚·Economic charges or credit crunches canaffecttheUKsupermarket performanceorefficiencyofTesco because of critical reason. 6. Explanation of how weaknesses and strengths interrelate with external macro factors. At present time, every company has lot of strength, weakness, opportunities or threats in order to analyse their situation to achieve business goals and objectives in an effective manner. There are several kind of external factors which influence the company's management and their operations. In context of UK supermarket has been selected a big example of Tesco because this firm expanding their business internationally easily. So that there is a interrelation of strength and weakness of macro environment which has been listed below:
Political:InthisTescomanagestheir functionsglobally.Itdirectlyinfluencethe company performance. It is essential for UK supermarket in order to design their market activities according to the customer needs. Interrelation in the strength or weakness with external factors: Both term are interconnected with the political factorbecausetherenegativeorpositive impact as well in the form of strength it is easy for company to follow all legislations where is theweaknessshowstheUKsupermarket's situation that they are not follow their rules which is govern by UK government. Economical:This factor is very important for the Tesco or UK super market because in this company can put their cost or demand as per the consumer needs in an effective manner. Interrelation in the strength or weakness with external factors: These are interrelated because in this Tesco is abletogainlotofprofitwithintheUK supermarket in a good way or weakness factor shows the mismanagement in the companies functions so that these all are interconnected with external factors. Social:With the help of social changes Tesco has enhance their number of items or product inordertoincreasethesalesofUK supermarket in a good way. Interrelation in the strength or weakness with external factors: As per interrelation company can attain the satisfaction of customers or in the term of weakness it is tough fo an organisation that operate their business easily because of lot of issues.Thereforebothsituationcanget affected by macro environment factor in an appropriate way (Kew and Stredwick, 2017). Technological:This is very important factor of any organisation in which Tesco from UK market can expand their business easily by using unique or different technologies in an effective manner. Interrelation in the strength or weakness with external factors: Accordingtotheinterrelationconceptboth term strength or weakness can get influenced because of external macro environment that heavilyimpactedonthecompanyorUK supermarket in a effective manner.
Porter's five forces model of Tesco Threat of new entrants:As Tesco has leading as well as profitable retail chains which exist for long period of time. Due to which the risk of new entrant is low as company can take the advantage of its economies of scale. Threat of substitution:Although Tesco has maintained its goodwill due to which customer recognise it with its name and service. Still the threat of substitution is high because other competitors of Tesco cut their prices and match their services with it Bargainingpowerofsupplier:Asselectedcompanyperformtheiroperations worldwide due to which they form good supplier management relationship. This helps the company to receive quality raw material and make sure customer do not find shortage of inventory in store. Bargaining power of buyer:The bargaining power of buyer within Tesco is low because already company is fulfilling the requirement of customer by providing with quality services at reasonable price due to which buyer are not in state to bargain. Industry Rivalries:The competition in retail sector is intense due to which Tesco concentrate to provide optimum services to customer that does not affect the profitability of business.
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CONCLUSION According to the above representative report it has been analysed that business and business environment is the combination of external or internal factors which affects the any of firm positively or negatively as well. This concept mainly includes in the culture or environment of an organisation. Furthermore, respective report has been analysed the different impacts of macro environment along with the lot examples of several organisations like Tesco, Sainsbury's, Asda and M&S has been covered in this report. Apart from this SWOT and PESTEL analysis also defined in regards with UK supermarket also covered. At last respective report covered the strength or weakness of interrelation in regards with external macro factors in an appropriate manner. REFERENCE Books and Journal Bovee, C. L., Thill, J. V. and Raina, R. L., 2016. Business communication today. Pearson Education India. Cai, S. and Yang, Z., 2014. On the relationship between business environment and competitive priorities:Theroleofperformancefrontiers.InternationalJournalofProduction Economics.151. pp.131-145. Chavis, L. W., Klapper, L. F. and Love, I., 2011. The impact of the business environment on young firm financing. The world bank economic review. 25(3). pp.486-507. Erasmus, B., Strydom, J.W. and Rudansky-Kloppers, S. eds., 2016. Introduction to business management. Oxford University Press Southern Africa. Halbert, T. and Ingulli, E., 2011. Law and ethics in the business environment. Cengage Learning. Hilton, R.W. and Platt, D.E., 2013. Managerial accounting: creating value in a dynamic business environment. McGraw-Hill Education. Hunter, I., Saunders, J. and Constance, S., 2016.HR business partners. Routledge.
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