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Business & the Business Environment - Tesco plc

   

Added on  2021-02-19

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Business and the BusinessEnvironment
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Table of ContentsLO 1.................................................................................................................................................3P 1. Assessment of different types and purpose of organization............................................3P 2. The size and scope of a range of different types of organisations..................................4LO 2.................................................................................................................................................5P 3. Relationship between different organistional functions .................................................5
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INTRODUCTIONBusiness Environment is a combination of internal and external environmental factorswhich influence the working of the organization (Hamilton and Webster, 2018). The internal andexternal business environmental mainly comprises of political, legal, social, technological,environmental, demographic, social, customer needs, employees, social trends, supply, demand,economic changes, innovation, government, supplier, owner, management, etc. This study will highlight, types, scope, size and purpose of various different organisation.This study will identify the relationship between various different organizational structure helpsin effectively identifying relationship between organizational functions, objective and structure.Furthermore this study will also include, positive and negative impact of macro environmentalfactors on the the operations of the business. It will further examine the internal and externalanalysis on the working of the business. Tesco plc. is one of the leading British multinational retail company which was foundedin the year 1919 by Jack Cohen. Tesco plc. Mainly deals in groceries, clothing, home appliance,telecoms, financial services, petrol, furniture, toys, books, electronics and internet services. LO 1P 1. Assessment of different types and purpose of organization.Different types of organization structure mainly classified into various categories such aspublic, private and voluntary sectors. Private sector: Private sector organization is run by the the companies and individualswith the whole and sole intention of making profit. Private sector organization is an organizationwhich mainly comprises of profit body, corporation, agency, private institution, privatefoundations, partnership, etc. which are not owned by the government are known as privateorganization (Hillary, 2017). The examples of private sector are sole proprietor, small andmedium business, trade unions, professional association, partnership, professional association,multinational corporation, etc. These company are controlled and owned by private enterprises.The main goal of the company is to make profit. The privately held company do not trade theirshares on the stock exchange. They are regulated by financial and legal framework for legalfunctioning of the organization. For example, Ikea. The shares of the company cannot be tradedpublicly.
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