Business Practices and Organizational Structures: A Study on Tesco

Business in practise

Table of Contents
Main Body ......................................................................................................................................3
Definition, characteristics and example of micro business, small business, medium size
business and large size business..................................................................................................3
Definition, characteristics and example of sole trader business, partnership, limited liability
business, public limited liability business and Cooperative. ......................................................5
Identify different organisational structures and explain how organisational structure affects
business productivity...................................................................................................................8
PESTLE analysis that affect performance of business .............................................................9
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Every business starts with a specific plan or tactics of doing activity and task related to
selling the product or services to run any business there is a need of proper strategic formulation
regarding how any business will execute their process in a market. By implementing new
procedures and methods strategy will be made (Christ and Burritt, 2019). Practises in
organisation or a business depends upon their management size and workforce and most
important on the basis of companies budget any practises are made. Some of the basic strategies
are retaining the employees,generating new ideas and skills regarding the business, implement
new management system within the organisation .The report below is based on Tesco
multinational company of British which deals in groceries and general merchandise having their
headquarters in Welwyn garden city, Hertfordshire, England,United kingdom .This Multinational
company deals in large number of customers because of their international reach ,almost 4,23000
current employees are working in Tesco with almost 6800 retail shops. They are deals in hyper
market ,super market,and fuel station as well .
Main Body
Definition, characteristics and example of micro business, small business, medium size business
and large size business.
Micro-Business: Micro business is a smaller business having a 1-9 employees in a retail
sector. Basically a business where no such practises are follow because of their smaller nature of
activities in a market, any retail sector or a shop , whose having a sole proprietor or maximum of
5 employees working in the business will considered in micro business such as a clothing retail
store they are dealing with either a sole proprietor or two to three employees (Cristofaro, 2020).
Characteristics :
 This business having a small profits and low revenue .
 Micro-business will deals in small market area than corporates and small business.
 This business will run by sole proprietor or in partnership or with limited liability
company.
 Very low number of employees or person in the business is that 1-9 members.

Example:
 Issoria
 Mantons cards
Small Business : This business are owned or managed by sole proprietorship ,in partnership
and in corporations, having a fewer employees criteria and low revenue generation in the
business so basically smaller business is a normal retail shops but dealing of their employees are
bit more then micro business (Di Muro and Turner, 2018).
Characteristics :
 Low revenue generation with low nature of business activity by that profitability will also
low as compared top other nature of business activity .
 Dealing of employees in small business is not more than 50 – 60 employees
 it will be owned by whether a sole proprietor or in partnership basically a store where
they are cater in small market areas with average customer dealing .
Example :
 Davison canners
 Fourex
Medium size Business : Its a business or organisation where number of employees are
fewer than 250 people ,due to its nature of dealing in average number of workforce .Medium size
business can be categorized with a corporates where specific business practises will be followed
on the basis of company nature (Globocnik, Faullant and Parastuty, 2020) .
Characteristics :
 Be willing to work in a pressure situation as well to achieve the goals of the company .
 There is a continuous efforts by this business to maintain the performance of their
employees by evaluating process .
 Medium size business will work on a learning approach from large business to acquire
the environment like that and to be work for employees skills and knowledge.
Example :