Business Environment Assignment( BE)
Added on 2020-06-06
14 Pages4094 Words96 Views
Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT...........................................................................................................................1TASK 2............................................................................................................................................1P3 Assess the relationship between different organisational functions......................................1TASK 3............................................................................................................................................4P4 Positive and negative impacts of macro environment of business operations.......................4TASK 3 ...........................................................................................................................................6P5 Conduct SWOT analysis of Tesco.........................................................................................6P6 Describe how strengths and weaknesses are related with external elements.........................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness is the entities which deal or merchandise products and services in exchange ofmonetary and non-monetary services. Business environment affect various elements of anorganisation as well as avail in development and product selling process. A businessenvironment consist of various macro and micro factors which affect the productivity andprofitability of company in either effective or ineffective way. This report will discuss aboutTesco, a multinational retailing company expanded in more than 14 nations (Aula, 2010). Thisreport will analyse various types of organisation and there difference according to their size,scope and types. The report involve various connection between those company's functions aswell as how the function avail in meeting the objectives of company. Also, various environmentelements will be evaluated along with their negative and positive impact on the performance oforganisation. Though external factors are responsible for shaping thee strengths and weakness ofbusiness organisation. TASK 1Covered in PPTTASK 2P3 Assess the relationship between different organisational functionsIntroductionTesco is a multinational supermarket which merchandise their wide range of products andservices in not only entire United Kingdom but also various other countries. This is one of topthree largest retailing organisation in UK. The company focus over dealing with commodities toconsumer in high quality along with cost effective process. Main StructureTesco have vision to expand their business in entire global trade rendering high quality ofproducts in better process of them in order to get the potential buyer and satisfying consumerneed. In order to accomplish the vision or aims of the company, the organisation focus over moreinnovt6aive and creative products rendering for gaining and portraying effective recognitionamong the public, buyer and markets (Aterido, Hallward-Driemeier and Pagés, 2011). In order tomeet the business objectives, they are executing various strategies and CSR practices. The ms1
important aspects of attaining business goals is to meet and coordinate the functions of businessorganisation in proper way. They all functions or department can avail Tesco in execution ofstrategies as well as meeting business objectives. Here are mentioned functions of firm and howit assist in meeting the objectives of enterprise. FinanceThis is significant for a large organisation like Tesco to manage the funds and activates offinance for balance use of capital asset of enterprise. This is most important function of anenterprise either small or large as it avail in management of financial activities like assigning andmaintaining funds for various operations. It include major two entities i.e. manager andaccountants (Borio, Drehmann and Tsatsaronis, 2014). Accountants are those individuals whostore and document the data or information of incurred activities linked with expenditure or lossand profits of company in various operations. On the other hand, manager design or control theplans executed through undertaking budgeting, planning and their certain strategies by whichentire investments and funds collection decisions in being made. RelationIn order to accomplishing the determined aims and objectives, this department avail oneof major parts, this manage and help in balanced use of the financial asset of company andbudgeting process on which basis the activities are being organised. This helps in controllingextra expenses as well as achieving aims of enterprise in effective way. Human resourceThis is one of the significant department for each small or large organisation. This availin managing the operation and implementation of strategies or plans in working environment bycontrolling and coordinating employee relation of Tesco in effective way. HRM is responsiblefor undertaking various employment laws and legislation, promotion, determination of policiesas well as allocation of wages through undertaking negotiation, and collective bargaining processin the organization. RelationHRM is organisation's backbone as to avail in the operations of enterprise as well as availinternal benefits such as managing flexible, friendly and better environment to direct the workingenvironment and meet aims (Business and the environment, 2017). Through managing the2
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