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Purposes of Business and The Business Environment.

   

Added on  2020-10-23

16 Pages4471 Words314 Views
BUSINESS AND THE BUSINESSENVIRONMENT

CONTENTSINTRODUCTION.......................................................................................................................................1LO – 1.........................................................................................................................................................1P1 Different types and purposes of organizations....................................................................................1P2 Size and scope of various types of organizations................................................................................3LO – 2.........................................................................................................................................................4P3 Relationship between diverse organizational functions, their link to objectives and structure............4LO – 3.........................................................................................................................................................6P4 Positive and negative impacts of macro environment.........................................................................6LO – 4.........................................................................................................................................................8P5 Internal and External analysis of Tesco..............................................................................................8P6 Interrelation of strengths and weaknesses with macro factors............................................................8CONCLUSION...........................................................................................................................................9REFERENCES..........................................................................................................................................10

TABLE OF FIGURE Figure 1: Organization structure of Tesco.......................................................................................6

INTRODUCTIONBusiness environment is a broader concept that includes various factors that might beinternal or external to the business and influences the operation of the firm up to a great extent.The environment in which the firm operates is further categorized into two parts that is microand macro environment. They are inter-related with each other and have a key role in influencingthe working of the company. However, the intensity of these influences is dependent on the typeof organizations. Thus, it is important to analyze the environment so as to foster easy flow ofactivities (Morrison, 2012). Concerning this, the main focus of the current research is to evaluatedifferent size, structure, purpose, type and scope of different business organizations. As abusiness analyst of Tesco, an examination is relation with its varied types and size of thebusiness will be carried out in the present research report. It is largest British retailer havinglarge amount of sales dealing in grocery and other essential products. The firm was able toachieve this brand image and reputation by taking into consideration numerous strategies withthe passage of time. The firm has many competitors which force the firm to innovate themselvesso as to have a competitive edge in the retail market (Tesco, 2014). Furthermore, there are manycompetitors of TESCO such as Sainsbury, Morrison, ASDA and Iceland. Here, in this reportstudy, brief explanation about these three varied firms operating in the same marker and industrywill be done and their scope, size, mission and ownership will be discussed significantly. LO – 1P1 Different types and purposes of organizationsBasis of differenceTescoSainsburyIcelandSize The market size ofTesco is large The market size ofSainsbury is also largeThe market size ofIceland is medium Stakeholders The major stakeholderof the company arecustomers, suppliers,employees Main stakeholders ofthe firm arecustomers, suppliers,employeesIn the Iceland alsocustomers, suppliers,employees are themajor stakeholdersOwnership It is a Public limitedcompany (De Ruijter,2014)It is also Publiclimited company It is a Private limitedcompany To diversify theirExceedingThe main purpose is1

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