Business Environment of Tesco plc - Report

Added on - 21 Jul 2020

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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Different types and purpose of organisation and their legal structure...................................1P2 Size and scope of different types of organisation..................................................................5LO 2.................................................................................................................................................7P3 Relationship between different organisation functions..........................................................7LO 3.................................................................................................................................................9P4 Positive and negative impact macro environment.................................................................9LO 4...............................................................................................................................................11P5 Internal and external analysis of Tesco................................................................................11P6 Strengths and weaknesses interrelated with external macro factors....................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
INTRODUCTIONBusiness environment means combination of internal as well as external factors whichcan affect activities of company and it is dynamic in nature. It may consists clients, competitors,technologies, government, market, society and so on. There are some factors which cancontrolled by firm but some are uncontrollable such as inflation, tax rate and so on. Everycountry has their own surroundings which can influence concern of their nation. Tesco is a retailorganisation and providing their products and services worldwide. Their main aim is to satisfyneeds and wants of their customers in an effective and efficient manner. If enterprise analysestheir environment appropriately then it will aid them to take advantages from their competitors.Along with that, they can improve their profits and reputation in marketplace. There are varioustypes of firms such as private, public, voluntary sectors etc. Surroundings can affect Tescopositively as well as negatively also, thus, it is essential to identify adverse factors and eliminateit so that company can attain their targets and objectives effectively. Organisation can conductSWOT analysis to find their strengths, weaknesses, opportunities and threats. Tesco can makesome strategies to evaluate business environment more specifically.LO 1P1 Different types and purpose of organisation and their legal structure.There are various forms of enterprises such as public, private as well as voluntary sectors.PUBLIC SECTOR ORGANISATION:1
This type of enterprises are owned and run by regulatory bodies. It may includes nationalas well as local government and their agencies. It is the most largest sector of any scheme.Funding for them are raised through various methods such as taxes. Main purpose of publicsector enterprise is to provide necessary administration to public as well as use resourceseffectively so that it gives benefits to society.Legal structure:There are two forms of public sector which are as follows:General government:It consists:Central government: It is one of regulatory body of a country which govern nation. InUK, there are powers shared by both central as well as state authority. There main role isto collect taxes and print money.State government: It shares their political powers with national regulatory body. Theyalso have direct control over them. Their main aim to provide education to children andcontrol the activities of universities.Local government: It is generally made for small area like city, town and so on. Theyhave proper control over specific region. They can develop policies for their area andimplement it appropriately which must be follow by each and every person of thatparticular place.Public corporations:An organisation whose shares are publically traded as well as held bylarge number of people.2Illustration1: Legal structure
PRIVATE SECTOR ORGANISATION:It means those organisations which is held, managed as well as controlled by anindividual or any private establishment. There main motive is earn more and more profits. Thereare various example of it, such as:FranchisesPartnershipSole traders and so on.There top most purpose is that, they want to grow their business as well as develop moremarket for them. Along with this, they want to enhance their sales and productivity also.Legal structure:3
It consists:Sole trader: He or she is the person, who operated their business by their own. They takeall profits as well as risk which is associated with their business. If there are any debts,then they are personally liable to pay all of these credits. The main disadvantage of thisform of concern is, it needs lots of investment.Partnership: In this type of organisation, there are two or more people who start theirbusiness by mutual understanding. They all share profits and losses equally or accordingto their shares. Partners can create a deed also, it will help them when conflict ariseamong them.Limited companies: According to this, member's liabilities are limited up to their share orguarantee. There are two sorts of it, such as private limited companies as well as publiclimited companies.4Illustration2: Private sector legal structure
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