Business Environment of Sainsbury's
Added on 2020-07-22
13 Pages3727 Words115 Views
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How Business operate
Table of ContentsINTRODUCTION...........................................................................................................................3TASK1.............................................................................................................................................31.1 Types of organisations in public and private sector .............................................................31.2 Different organisation structures within the businesses and reason for variation................41.3 Describe how the local, national and global economic environment impact Sainsbury'sbusiness.......................................................................................................................................5TASK2.............................................................................................................................................52.1 Importance of accounting for business success....................................................................55.1 Different function carried out by HR department in business..............................................65.2 Features of employee legislations.........................................................................................6TASK3.............................................................................................................................................73.1 Interpret the information on profit and loss account ............................................................7TASK4.............................................................................................................................................84.1 Stages of team development..................................................................................................84.2 Description of motivational theories....................................................................................84.3 Comparison of motivational theories....................................................................................94.4 Different leadership styles.....................................................................................................9TASK5...........................................................................................................................................106.1 Impact of customer service on business success ................................................................106.2 Benefits of customer profiling to a business......................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness environment is most important component in order to carry out the operationsof company in effectively. Further, it has been evaluated from research that different types oftechnologies are coming in dynamic environment due to which choices, preferences and thinkingof customers are modified that create problems on large organisation in respect of their productsand services (Baden-Fuller and Morgan ,2010). Therefore, it is essential for company to scan theexternal market in order to update with the innovative and creative features are seen in the formof goods and services. Under this assignment the company which is preferred I.e. Sainsbury'swhich is second largest chain of supermarket in UK deals in groceries, entertainment andclothing sector and holds 16.9% share in supermarket. It has 1415 stores in UK and comprises of181,900 employees and use various strategies and tactics in order to sustain in competitivemarket. Apart from it, discuss about the business functions, accounting workshop, importance ofteams and also value of customer services.TASK11.1 Types of organisations in public and private sector In every organisation there are different business organisation that performing their tasksand functions for accomplishing the goals and objectives of business. Company dealing indifferent products and services for earning profits and full-fill the desires of organisation. All thecorporate who running their business is try to uplift the living standard of people from theirservices. Majorly business world comprises of two sectors I.e. public and private sector whichdescribed below:-Public company:- It includes all the public goods and government services who work forproviding services to general public. Further, all rules and legal regulations are established bygovernment authorities and decision related to price, quality and production is taken by themonly For example Audit commission which is UK based statutory corporation whose main aim isto appoint auditors that give services to local bodies . The main objective of public sector is touplift the living standard of people, therefore different types of public sector companies aredescribed below:-Departmental undertakings:- This is consider as most traditional and oldest form of publiccompany where all the decision making are taken by strategic authority of government only.
Statutory corporations:- These are those public corporation which are established by the specialact passed by parliament. They are owned by government with or without shareholders or mightbe body without shareholders. For example British Railways which is consider as state ownedrailway that give service to large audiences.Government company:- these are those public association created under companies act 1985 or2006 and fully partially owned by public sector only. For example Channel four televisioncorporation which are under the control of public sector only.Private company:- These types of companies are owned, controlled and managed by the rulesregulation of private members only. Further, these private person set their own organisationstructure and become the corporate culture more flexible in order to adapt all the changes comingin external environment. Following are the types of private companies are stated below:-Sole proprietorship:- These type of businesses are run by single individual only and theycome with their own capital and share all the profits and losses of business because ofunlimited liability features covered under it. Owner take all decision without consent ofother partners. Partnership:- it can be described as business in which two or more partners come underthe partnership business. All the terms and condition related to profit sharing, capitalinvestment and losses are prescribed under it only. For example ben and jerry companyfirstly come in partnership business of ben cohen and jerry Greenfield in 1978 and earnhuge profit from business. Limited company:- Also known as joint stock company in which two business are cometogether in order to accomplish common objectives.1.2 Different organisation structures within the businesses and reason for variationIn every organisation different function has been performed by organisation according totheir structure and working conditions, therefore it is very important for management to establishtheir organisation structure according to mission and objectives. Sainsbury's which is UK basedprivate retail company comprises of large employees dealing in grocery , clothing and luxuryitems. For effectiveness in production they need to collect large amount of funds for business. For research it has been observed that Sainsbury's follow flat organisation structurebecause of less level of management and the workforce has to communicate with strategic levelonly. Although Sainsbury's management encourage their staff members to actively participate in
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