Assignment Business Environment: TESCO
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Added on 2020-06-06
Assignment Business Environment: TESCO
Added on 2020-06-06
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BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Types and purpose of a company along with its legal structure...........................................1P2. Size and scope of various kinds of organisations.................................................................3P3 Relationship between organisational functions and their impact on business objectives......5TASK 2............................................................................................................................................7P4 Positive and negative impact of macro environment on an organisation..............................7P5 Internal and external analysis to identify strength and weaknesses.......................................9P6 Strength and weakness interrelated with external factors ...................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness environment is one of the important elements which is required by manycompanies. It comprises of certain factors that can have a huge impact on the business operationsthat can be positive or negative (Drucker, 2017). Thus, if a tenant wants to establish a newbusiness than he/she must consider all the factors before doing the same. TESCO is a leadingmultinational company in United Kingdom that deals in grocery and general merchandise retailerwhich is chosen for the present study. This company belongs to public sector and works forcommon people. In this assignment, the highlight will be on different sectors of society i.e.public, private and voluntary. Other than this, advantages and disadvantages of various firmsalong with the strengths and weaknesses are mentioned in this report. PESTEL analysis is alsodone here to know about the needs and wants of customers. TASK 1P1 Types and purpose of a company along with its legal structurePUBLIC SECTOR ORGANISATIONGovernment mainly owns this sector all the laws are formulated by these authorities.Regulatory bodies like national and local are included in this. The prime duty of this sector is tocollect funds in the form of taxes so that they can invest them in making various infrastructure orfor benefits of public. Apart from this, they provides basic services along with resources to thepersons and company so that they can work effectively (Hillary, 2017). Legal StructureMainly, there are two forms of public aspect which are given as below:General Government:Central government: The prime aim of duty is to make laws and regulate themthroughout the nation so as to provide equal rights to all individuals. Before implementing theserules and regulations, they consider all the aspects present in society. Both central and stateshares similar laws and gathers taxes which has been formulated by the governmental authorities.State Government: This is a kind of provincial government that mainly shares politicalpower along with the national government. They have some kind of political autonomy and havea direct control on federal government. Prime duty is to provide proper education to childrenwhether from school, colleges or universities. 1
Local Government: It can be considered as the lowest tier of administration of any state.Mainly, it comprises three forth part of the government which includes province, region,department, county, city, township and many more. Their main aim is to maintain a decentenvironment and make proper control of the particular areas. Public CorporationsThese are the government owned corporations and bind people with the help of stockexchange, trade markets, etc. PRIVATE SECTOR ORGANISATIONThese types of organisations can be refereed as citizen sector and basically, they dependon economy. They basically run their business individually or group in order to earn maximumprofits (Botha, Kourie and Snyman, 2014). Private sector organisation are not in direct controlof governmental bodies. Some of the examples which are included in public sector are in theform of franchises, partnership, solitary traders etc. Main fundamental purpose of this sector is to establish themselves in the market area insuch a manner through which they can increase their market shares and value as well. Other thanthis, they try to enhance their sales and productivity in order to sustain the superior position inmarket area. This assists them in giving tough fight to their rival companies. Legal StructureSole proprietorship: It can also be known as sole traders. They own their own businesswithout any legal distinction in between owners and business entity. Owner directly controls thebusiness and manages all debts, loans and losses. All the profits are received by them and If thereis any loss or debts they take it as their responsibility. Partnership: This can be said as an agreement in which two or more than two partiessign a treaty to work together for a specific period of time with mutual interests. Working inpartnership may increase the profitability and sales of a particular company. To collaborate withother people, it is required to have same interest and willingness of working together. Cooperatives: This is an autonomous association that works in order to meet the commongoal, economic, social and cultural values. Cooperatives are also known as non-profitorganisations that works for public interests. All the tasks are managed by the employeesworking there and doesn't have any separate departments (Pinto, 2015). 2
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