Business Environment Assignment-Tesco
17 Pages3821 Words31 Views
Added on 2020-06-04
Business Environment Assignment-Tesco
Added on 2020-06-04
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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P3 Departmental Functions for Tesco....................................................................................1TASK 2............................................................................................................................................3P4) PESTLE analysis of Tesco...............................................................................................3P5 Internal and external analysis for Tesco............................................................................5P6 Interrelationship with macro environment based on SWOT analysis...............................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................8
Illustration IndexIllustration 1: Organizational chart..................................................................................................2Illustration 2: PESTLE analysis.......................................................................................................3Illustration 3: SWOT analysis..........................................................................................................6
INTRODUCTIONBusiness environment is the important factor to achieve the objective in the company.Business environment is the group of inner and outer component that influence the industry.There are different types of organization and each have different growth in the market. Thisreport includes types of firms, analysis of SWOT and PESTLE to make a good businessenvironment and it also includes how the macro environment affect the company performance.TASK 1P1 and P2 attached with PPTP3 Departmental Functions for TescoThe functions of each department in the firm is the main factor to achieve the desiredobjective. This all departments are necessary to work together in the organization. Companymanager gives the different task to the various departments. All these departments of the firm isinterrelated to the growth of the company. Company has different departments like HR,production, finance, sales and marketing, administration and research and development.1.)Finance functions: The function of this section is manage the records of the moneyaccepted and paid out by the firm. This data is used to produce the different financialstatements for the tax and follow with the legitimate requirements (Hill and Westbrook,1997). If the financial functions is not well managed by the firm then it will be negativeimpact for getting the desire goal.2.)Human resource functions: The main responsibilities of this department is to managethe recruitment and selection of the new employees in the firm and also provide thetanning and development (Kolios and Read, 2013.). HR also need to comply withlegalisation applicable to the country that which they are belonged. For example in UKemployee will need to manage personal records in a manner i.e. compliant with the helpof data protection act that is implemented in 1984.3.)Marketing and sales functions: Main responsibilities of marketing is that afterproduction of the product they need to package, promote and sale the product for thecustomers. Tesco was applied various strategies for advertise the product in the marketand that will give more advantages to the firm. Sales are responsible for the influence theconsumer to buy end product that is manufactured through marketing research. 1
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