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Business Environment Report : Tesco PLC

   

Added on  2020-07-22

18 Pages5250 Words25 Views
Business DevelopmentEntrepreneurshipProfessional DevelopmentVisual ArtsMaterials Science and Engineering
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Business Environment
Business Environment Report : Tesco PLC_1

Table of ContentsINTRODUCTION...........................................................................................................................3TASK...............................................................................................................................................31.1 Types of organisations and their purpose with legal structures............................................31.2 Size and scope of various association...................................................................................51.3 Relations of structure, size and scope of organisation to its business objectives andservices........................................................................................................................................7Task 2...............................................................................................................................................72.1 Relationship between various organisation functions and its link with objectives..............72.2 Advantages and disadvantage of interrelationship between organisational functions..........92.3 Critical analysis complexities of various business structure.................................................9CONCLUSION................................................................................................................................9Project 2.........................................................................................................................................10INTRODUCTION.........................................................................................................................10TASK 1..........................................................................................................................................101.1 Positive and negative impact the macro environment has upon business operation...........101.2 Use of PESTEL modal to support a detailed analysis of the macro environment..............12TASK 2..........................................................................................................................................132.1 Internal and external analysis to identify its strength and weaknesses...............................132.2 Interrelate strength and weakness with the external macro factors.....................................142.3 Influence SWOT analysis on decision making...................................................................15........................................................................................................................................................152.4 Critical evaluation of influence of macro and micro environment on business objectives.16CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17Online.............................................................................................................................................18
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INTRODUCTIONA firm is organised by group of people for the purpose of business or public serving andearning profit. Managers have responsibilities to take actions such as planning, coordination,structure, running, organising, arguments and logistics. Business is term of surrounding thatsignifies all factors such as micro and macro which influence functioning of overall corporateworld. Tesco PLC is a British multinational grocery and general merchandise retailer withhaving its headquartering in Welwyn Garden city, England, UK. In this project report, it willexplain different types and purposes of organisation along with size of public, private etc. It willalso describe about how organisational structure linked with business objectives and itsrelationship with several functions. There are various complexities of different types of structurethat also explain in this. TASK1.1 Types of organisations and their purpose with legal structuresThere are various types of firms in the market that deals with several kinds of productsand services. It consist number of organisation with different purposes like private, public andvoluntary enterprises. Some of companies are profitable and non-profitable as well as they hassimilar objectives that earn money and wealth maximisation. They want maximum return fromtheir investment and satisfy customer's needs or wants. There are some types of business entitysuch as:
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Private sector: - In this consider that it is a part of economy and not regulated bygovernment. So it operated by private owner as individual or team member in order to achievespecific goals and objectives and maximise profit by satisfying needs or demands of differentcustomers. In such kinds of businesses, private owner generally invest funds to get more returnsby creating innovative and creative products and services. Major purpose of private sector companies are:Identify the current trends for designing their goods and services according to customer'srequirements.Attaining maximum profits by fulfilling the demand of buyers.Create goodwill among competitors.Effective legal structure for private sectors are:Registration: they need to register their company in registrar office as owner of thebusiness like self employed, partnership or in a team.Management: decision must be take by entrepreneur of an enterprise in self employed.Illustration 1: Types of organisationSources: Types of organisation 2017.
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