Business Environment Assignment: TESCO
Added on -2020-06-06
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BUSINESS ENVIRONMENTTable of Contents1
Table of Contents..................................................................................................................................2INTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................3P1 and P2..........................................................................................................................................3P 3 Functions of the organisation with organisation goals and objectives.......................................3TASK 2.................................................................................................................................................4P 4 PESTLE analysis........................................................................................................................4P5 Internal and external analysis of the chosen organisation...........................................................6P6 SWOT or TOWS to identify strength and weaknesses of the chosen business..........................8CONCLUSION..................................................................................................................................10REFERENCES...................................................................................................................................112
INTRODUCTIONBusiness environment depends on the demand of their products and services which categoriesin different manner. In this way, several types of elements need to be carry for developing outcomesand results in successful manner (Dima, Grabara and Modrak, 2014). Business environmentaffected by number of elements which impact either positively or negatively to the operations andfunctions. Therefore, it can be stated that it includes number of activities which performed by theenvironment which can be create impact on the organisation performance. In this context, present report based on the Tesco supermarket which provide different types ofretail products in the market. Furthermore, they are also providing different category in sameproducts to enhance their profits and revenue within the market. For gaining insight knowledge ofthe company, present report covers different types of organisations and their purposes within themarket. Furthermore, it includes background details, products size and many other activities whichcould be impact on the selected firm. In addition to this, it also determines functions which carry inbusiness to produce effective results in it. At last, report based on the scenario which includesPESTLE analysis that impact on the organisation. TASK 1P1 and P2 Covered in pptP 3 Functions of the organisation with organisation goals and objectivesIn the Tesco, there are different operations done with performing several functions atworkplace. All functions are interrelated in the business because it done with goals and objectivesthat are previously address by the firm (De Villa, Rajwani and Lawton, 2015). In this way,following are different functions performed by the chosen organisation to accomplish outcomes. Planning: Planning is the main function, which need to be deal in significant manner.Managers plan their objectives and goals to accomplish targets. Leaders mainly decide to plan theirprocess so that competition can be performs in positive aspect (Kozubíková, Belás and Virglerová,2015). A division can be enhances entire company to increase customer loyalty in market. In theTesco, retail manager can make loyalty program 15% increasing to decide the goals.Organising: In this aspect, the management functions entails with gathering the resources3
which require at workplace. In this way, manager of the Tesco need to demonstrate their operationswith structuring arrangement of human and material through they can plan objectives (De Villa,Rajwani and Lawton, 2015). When objectives are continue enhancing, job satisfaction increasingand turnover decreasing. Manager can also take help from the outsider’s consultant. They arescheduling the all activities according to time and plan is related with ascertain effective results. Inthis way, roles and responsibilities can be delivered according to interest area of qualification aswell. Leading: Leading is all about the communicating the plan to employees and also advisingthem to develop their performances towards Tesco objectives. In this way, managers try to motivatepeople to perform several tasks that are required to accomplish goals and objectives (Dima, Grabaraand Modrak, 2014). Leading ability require to people to telling employees what need to be done insignificant manner. Leaders carry their several functions and operations which needed foraddressing concern and showing positive enthusiasm. Employees of the chosen organisation can askabout what are they performing in significant manner. Leaders often cannot carry with plannedobjectives to develop teamwork (Ji-fan Re, Fosso Wamba and Childe, 2017). Controlling: It is all about the measurement of the performances results against the plannedobjectives and goals of Tesco. Actual performances of the business carry with management goalswhich need to be corrected in significant manner (De Villa, Rajwani and Lawton, 2015).Controlling is always reactive action in which managers intervene to carry their plans and goals toaccomplish goals and objectives. They can also perform results as the reactive action which donewith carrying the plan in business unit. Intervention also necessary when actual performances willbe fallen. With developing goals and objectives, targets can be achieve easily (Kozubíková, Belásand Virglerová, 2015). 4
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