Impact of Business Environment on Tesco
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Added on 2020-12-29
Impact of Business Environment on Tesco
Added on 2020-12-29
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1AC 1.1 Types of organisations in UK.........................................................................................1AC 1.2 Different structures within businesses in UK.................................................................3AC 1.3 Impact of business environment on Tesco.....................................................................3TASK 2............................................................................................................................................4AC 2.1 Importance of accounting for Tesco's success................................................................4AC 5.1 Functions of HR department in Tesco............................................................................4AC 5.2 Key features of Employment legislation........................................................................5TASK 3............................................................................................................................................63.1 Interpretation of profit and loss account...............................................................................6TASK 4............................................................................................................................................6AC 4.1 Analysis of own role as team leader and others' role within a team...............................6AC 4.2 Stages of Team development..........................................................................................7AC 4.3 Motivation theories.........................................................................................................8AC 4.4 Different types of leadership styles................................................................................8TASK 5............................................................................................................................................9AC 6.1 Impact of customer service on business success............................................................9AC 6.2 Benefits of customer profiling to a business..................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONThere are different types of organisation in private and public sectors and theirorganisational structures are also different. Various economic environment factors affects thebusiness. H R department of an organisation has many functions such as recruitment, selection,training, compensation, etc. Accounting plays an important role in the success of a business.Through different motivational and leadership strategies company can motivate their employees.Customer service and satisfaction have an impact on business success.TASK 1AC 1.1 Types of organisations in UKBusiness organisation refers to an individual or a group of persons working together toachieve the same commercial interest (Ward, 2016). Below described are some of the types oforganisations found in UK :Sole Proprietorship : Sole proprietorship refers to that business owned by only oneperson. Owner faces unlimited liability, quick decisions are made and all profits go tosole proprietor.Partnership : Business owned by two or more persons is known as partnership. Partnerscontributes resources, capital, skills and workloads.Franchisee : Licensing arrangements where an individual or group buy the right to sell orproduce under a well known brand.Private sector : It is an business enterprise which is run by the private individuals orgroups.Public sector : An organisation owned and operated by the government.BasisSoleProprietorshipPartnershipFranchiseePrivateCompanyPubliccompanyOwnerOne owner2 or morepartnersfranchiseeShareholdersShareholdersandgovernmentSizesmallmediumSmall part oflargeMedium andlargelarge
organisation2
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