Business Environment - TESCO Plc
Added on 2020-10-22
14 Pages4587 Words54 Views
Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different type of organisation and their legal structure.........................................................1P2 Size and scope of different type of organisations..................................................................3TASK 2............................................................................................................................................4P3 Different functions and their link with functions and organisational structure.....................4TASK 3............................................................................................................................................6P4 Impact of macro environment on organisation and their impact...........................................6TASK 4............................................................................................................................................8P5 Internal and external analysis of organisation.......................................................................8P6 Strengths and weaknesses interrelate with external macro factors........................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness environment is dynamic in nature and is the surrounding where severalorganisations exist. Several changes made in that because of its flexible nature. This is of twotype’s micro and macro factors, where micro involves all such elements when modification ismade in all these then it don't give huge impact in business. On the other hand, macro factorsinclude competitors, political factors, market conditions, economical factors etc. An organisation is of three types such as public, private and voluntary which is explainedbelow with their legal structure. Several factors change in business environment which can give[positive and negative both impact (Lee, Olson and Trimi, 2012). For this several efforts areways are used by company for minimising its negative impacts on working is described. Private enterprise in this assignment is TESCO Plc which is into retail industry foundedin 1919 by Jack Cohen. Areas served by them are Ireland, United Kingdom, and India. As perdata of 2017, number of employees working are 4,76,000 and products are Supermarket,Hypermarket, Superstore, Convenience shop (these are such stores which is near to the housewhere people can go and purchase required goods and services).TASK 1P1 Different type of organisation and their legal structureBusiness environment involve three types of company in it like public, private andvoluntary. Description of all these is given below:-Public sector – Companies involve in this sector is control and manage by governmentof particular nation. Main motive behind introducing these type of organisation is to renderservices to people who are living in that country. As well such firm are not working with themotive of generating revenue and profit maximisation. Best example of such association isDCMS (department of digital, culture, media and sports) this is department of United Kingdomgovernment. Responsibility of the same is for sports and culture in England and of mediathroughout the whole UK like internet and broadcasting. Main motive of government behindintroducing this division is to increase activities related to sports, culture, media and digital in theentire United Kingdom. Legal structure of this is given below:-Central Government department : there are some organisation which is directly manageand control by government of that particular nation. Organisation come in these three
sections local, state and regional are managed by central government department ofparticular nation. Local Authorities : Companies come under this is running by local state government ofthat specific nation. Private sectors - Firm of private sector is running and managing by owner of the company whointroduce it. Although, they are working with the motive of profit maximisation and coveringentire market. TESCO Plc is private sector relate company founded in 1919 by Jack Cohen andserving their products in several countries. Variety of goods and services are offering by themwhich attract more and more customers as well also assist in revenue generating. Legal structureof the firm is given below:Sole traders : they are the person who run their business by their own as well owner andcompany both have separate legal entity in business environment. In this the person whobring company in market is liable for all the profit and loss which occur in their business.Partnership : It is the organisation which is formed by two or more than two persons.They all invest some mount in business which is known as capital and necessary forrunning company. Ratio of dividing loss and profit is based on the amount they invested.Voluntary Sector – These companies are non-profit organisation who are not working with themotive of profit maximisation. Major work of this is to provide services to society for socialwelfare. Voluntary enterprises are distinct from public and private Welcome Trust is bestinstance of this. It is founded in 1936 and firm of United Kingdom by Sir Henry Wellcome.Legal structure of this is are as follows: Trust – These are known as trustees of company who provide fund for day to day activityof business. This is important because finance is backbone of company without this nocompany can run smoothly.Unincorporated association – These are management committees of company and theyalso named as council. They don't have detach categorize from trustees. P2 Size and scope of different type of organisationsCompanies are classified on the basis of nature, size and scope such as small, mediumand large. Their description is given below with the assistance of example:-Public sector company and its description: Department for digital, culture, media andsport is public sector company which is responsible for culture, sport in England and media
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