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Report on Business Environment - Tesco

   

Added on  2020-06-04

12 Pages3027 Words112 Views
Leadership ManagementProfessional DevelopmentMaterials Science and Engineering
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BUSINESS ENVIRONMENT
Report on Business Environment - Tesco_1

TABLE OF CONTENTSPROJECT 1 .....................................................................................................................................1INTRODUCTION ..........................................................................................................................1TASK1.............................................................................................................................................11.1Analysis of various types and purposes of firms like private, public, voluntary and legalstructures.................................................................................................................................11.2 Evaluation of size and scope of a range of different kinds of firms.................................31.3 Analysis of link between objectives, size, structure and scope........................................4TASK 2............................................................................................................................................42.1 Different organisational function relationship and their link to organisation objectives andstructure..................................................................................................................................42.2 Analyse advantages and disadvantage of interrelationship between organisation functionsand impact on structure..........................................................................................................72.3 Critical analysis of different types of business structures................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
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PROJECT 1INTRODUCTION Business environment connotes the externals factors and institutions that are not in controlof organization and affects the functioning of a business enterprise. It is also considered as theenvironment that combines both internal and external factors that influence and change theconditions of business to sustain in market of particular industry (Craig and Campbell, 2012).This report is based on the concept and provides the background knowledge and understandingof business, functions of retail organization TESCO and the wider the business environment inwhich it operates. Along with this, there are various types of organisational sectors havediscussed providing the complete understanding about its size and scope of different types oforganizations. Structure of organization has also been discussed to provide completeunderstanding about the activities which are to be accomplished by management in order tosustain in competitive market situations.TASK11.1Analysis of various types and purposes of firms like private, public, voluntary and legalstructures.In competitive environment of business, mainly there are various organization thatregulates their business operations in three different sectors like private, voluntary and publicsector enterprises. Firms in these sectors have different motives, vision, mission and objectivestowards regulation of business operations (Eriksson, 2013). In give scenario, analysis of differentorganization in retails business sectors is taken in to considerations to determine several businesspurposes and ways to regulate in market. It also describes the condition in which thisorganization where established in market. These different organizations are as follows:Public sector firms: Those business enterprises that regulates their business operation atinternational level and also has partnership of public, government in business operations. It isalso considered as the organizations that regulates their business with an aim to maximizeprofitability by satisfying the needs of its people within the country (Klapper and Parker, 2010).For example: TESCO is an international level of organization that provides wide range of retailproducts to its customers and fulfil the needs of customers. The main purpose of organisation iscapture the market by adopting various effective business strategies.1
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Legal structures: there are mainly two legal structures of public sector firms which are asfollows:Franchise: Business owners pays remunerations to business firm to use their name and sellingthe re brands products and services.Workers cooperatives: Those business organization in which all workers have equal pay scaleand take joint business decisions. Voluntary sector firms: Basically, those enterprises that establish or continue theirbusiness operations with aim to satisfy the social needs as well as resolving problems of peoplewhich are target under specific market segments (Björklund, 2011). It is basically owned groupof people or organisations that have an aim to serve the society at large rather than increasingmarket share, accomplishment of needs people like employment or welfare condition, facilities,education etc. These are also social or non-profit enterprises which have their focus onaccomplishment of various needs people in country, to provide opportunities for growth andincreasing the level of income within the country.Legal structures: basically, these enterprises set up for the religious social, political or similarpurpose. These organizations have legal structure like:Government organization: Not less than 51% shares are owned by government andincludes a company which is considered subsidiary company (Björklund, 2011).Cooperatives: these organizations are controlled by and operated for the benefits of thosewho are using its services. The income from the retail cooperative is returned back to theconsumers in the form of dividends.Private sectors firms: In UK, there are various private firms have been established and captureda high market in retail industry. These are owned and regulate by single entrepreneur or partnerswith aim to maximize profits. The capital of these private have been invested by entrepreneurs orpartners themselves at their own risk (Klapper and Parker, 2010). In simple words privateorganizations are profit oriented firms that have their own business motivates and regulate theirbusiness operations at international. The profitability ratio of these is considered as low ascompared to public sector firms (Eriksson, 2013). For example: B&M is a private organization ofUK which has its business operations in retail industry and has its focus on increasing probabilityto sustain in competitive business environment. It is doesn't have an investment of public orgovernment in their business operations.2
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