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Business Environment Assignment - Tesco company

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Added on  2020-09-17

Business Environment Assignment - Tesco company

   Added on 2020-09-17

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HOW BUSINESSOPERATES
Business Environment Assignment - Tesco company_1
CONTENTSContents...........................................................................................................................................2INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Classification of different types of Private and Public organisation.....................................11.2 Structure of different types of organisation...........................................................................21.3 Impact of national, local and global on economic environment............................................2TASK 2............................................................................................................................................32.1 Significance of accounting for business success...................................................................35.1 Functions of HR Department.................................................................................................35.2 Key elements of employment legislation..............................................................................4TASK 3............................................................................................................................................43.1 Interpretation of Profit and Loss of TESCO..........................................................................4TASK 4............................................................................................................................................54.1 Roles of team members.........................................................................................................54.2 Stages of team development..................................................................................................64.3 Three motivation theory........................................................................................................64.4 Different types of leadership style.........................................................................................7TASK 5............................................................................................................................................76.1 Impact of customer Service...................................................................................................76.2 Benefits of customer retention...............................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Business Environment Assignment - Tesco company_2
Business Environment Assignment - Tesco company_3
INTRODUCTION Business environment compromises of all internal and external factors that affect overallfunction and operation of company. It refers to the collection of individual, entities and otherfactors which are may or may not be under the direct control of company, but can influence theits profitability, performance, growth and even survival (Casadesus-Masanell and Ricart, 2011).For running business in a successful manner, it is primary important to discover all essentialelements that is required in carrying out business activities and operation. It encompassesphysical, human and financial resources. In order to determine how company like TESCO whichis a leading British Supermarket store operates their business function throughout the year, areport has to be produced that outlines all essential aspects related with it. The report describesdifferent types of organisation, their structure, impact of customer services, team work, variousleadership and motivational style, and benefits of customer retention. TASK 1 1.1 Classification of different types of Private and Public organisationPublic organisation are normally run, managed and controlled by Government Body ofrespective country. Public sector companies mainly classified into departmental undertaking,government companies and statutory companies. They all run with an aim of providing benefit tosociety and its members. Their source of raising money include public revenue like tax, duty,penalty etc. On the other hand Private sector companies are owned and controlled by privateindividuals. It can be classified as Sole Proprietorship, partnership, multinational corporation, co-operative society etc. Private Players arrange their funding through issuing debentures and sharesor by taking loan. The main objective of companies under private sector is to earn higher profitsand revenue and also capture high market share in overseas market (Trevino and Nelson, 2016).Voluntary Organisation are mainly run with an aim of providing benefit to society and itsmembers. They are managed and controlled by their volunteers who willingly associated withsuch organisations. 1
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