Assignment on Business Environment - Tesco
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Added on 2020-07-23
Assignment on Business Environment - Tesco
Added on 2020-07-23
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BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT...........................................................................................................................1TASK 2............................................................................................................................................1P3 Relationship between different organisation functions..........................................................1TASK 3............................................................................................................................................3P4 Positive and negative impacts of macro environment on business........................................3TASK 4............................................................................................................................................4P5 Internal and external analysis of TESCO...............................................................................4CONCLUSION ..............................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONBusiness surrounding can affected through intrinsic and along with this extrinsicelements. These can influence organisation directly as well as indirectly. There are manycomponents which can be under control but some are not, such as inflation, tax rate and so on.These can provide impact on manufacturing of association in wide range. It will consists clients,regulatory body, culture and so forth (Business and the environment, 2017). Hence, it is must foreach and every sort of firm to determine elements which are associated with environment, as aresult they will improve their goodwill at marketplace. Along with this, they will easily enhancetheir profits and take benefits from their rivals. Tesco is a retail chain which is situated in UKand providing their services worldwide. Fundamental aim of this report is to determine variouskind of organisation and in addition their legal structure. If an enterprise wants to identify theirsurroundings then they can lead SWOT as well as PESTLE investigation. They can alsoformulate some policies which will assist them to pull numerous clients towards them, as a resultthey will increase their market share and compete their competitors in market.TASK 1Covered in PPTTASK 2P3 Relationship between different organisation functionsTesco is a grocery store which is established in UK and giving their items as well asservices across the world. They are following hierarchical framework in their organisation. Asper this structure, every staff members are aware about their duties as well as responsibilities.Higher level management has maximum obligations as comparison to low level ofadministration. There are many objectives which are related with Tesco are mentioned as beneath:They want to enhance their business, as it will assist them in their success as well asimprovement.Employer of association needs to give best quality of items to their clients at affordablevalues.1
If there is enhancement in their incomes, then they will cater maximum returns to theirstakeholders.They provide variety of items to people under a roof, this will assist them to attractnumerous clients towards their goods and services (Macro environmental forces, 2017).They have to secure surrounding, and for this they can decrease wastage.There are many sorts of functions which are connected with association are described as below:Sales and Marketing: If manager of organisation wants to know demands of their clientsthen they have to do research. For above stated purpose they can create some strategies,like pricing, promotional, sales and so on. Along with this, it is must for them to enhancetheir market share and for this, they can improve their current goods, as a result they caneasily improve their sales. If company has an adequate fund, then they will do marketingmore impressively.Finance: It is must for firm to keep up entire records in an effective and efficient way. Ifthey want to hike fund then they can issue shares and along with this take loan for somebank or institution. Fundamentally, this division is connected with others, as it assists toformulate budget for entire company. Additionally, they have to create records abouttheir incomes as well as expenditures. There necessary aim is to issue budget for everydivision which must be followed by them adequately. Human resource: Fundamental purpose of this division is arrange human assets in firm.If manager wants to improve performance of their employees then they have to providetraining to them. For their retention, employer has to give them better workingsurroundings. Along with this, to inspire their staff members, superior has to providethem some additional rewards. Production: In each and every kind of company to produce items, they need appropriateresources. They can utilize some approaches also, like batch, job and so forth. Ifemployer wants to decrease unwanted cost from their procedure, then they have toprovide training to their labours. As a result, they will do their work within adequateperiod of time.2
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