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(PDF)Tesco And Its Business Environment

   

Added on  2020-10-22

11 Pages3241 Words313 Views
BUSINESS ENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................1TESCO.............................................................................................................................................1Question 1 A company overview................................................................................................1History.........................................................................................................................................1Organizational structure...............................................................................................................2QUESTIONS B HOW TESCO IS GOVERNED............................................................................23.1 stakeholders...........................................................................................................................33.2 shareholders...........................................................................................................................33.3 B Employees..........................................................................................................................33.4 C Public.................................................................................................................................3QUESTION 2 PURPOSE OF PESTEL ANALYSIS......................................................................4PESTEL ANALYSIS......................................................................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8

INTRODUCTIONBusinesses are impacted due to change in internal or external factors within which theyoperate. It is because they are directly related to these factors and dependent on them for growthand development. Therefore, it becomes very important for business to analyze macro factors sothat strategies can be developed to minimize the impact (Bah and Fang, 2015). Moreover,stakeholders are involved in this so that precise data and information can be collected throughthem. The main aim of conducting this is to determine how fluctuation will impact growth.Likewise, how business is related to it and whether it will effect for long or short term. Thisassignment will describe the history and organizational structure of Tesco. It will show howcompany is governed, who are their stakeholder, employees, etc. TESCO Question 1 A company overview Tesco is British grocery company headquartered Welwyn garden city, Hertfordshire, UK.It is world third largest retailer in terms of revenue that operates in different countries. they arethe market leader in grocery sector in UK having market share of around 28.4%. There are total6553 stores of Tesco till 2017. There are variety of goods and services provided by company. Itserves areas such as books, clothing, electronics, financial and internet services, etc. The company is basically engaged in retail sector but also provided various otherservices. It targets middle class people and offer grocery items are the necessity of life (Botha,Kourie and Snyman, 2014). The mission and vision of Tesco is stated below :-Mission- Creating value for customers, to earn their lifetime loyaltyVision - We make what matters better togetherGoals – To help customer to live better every day. To provide high quality products at low prices. History The history of company is as follows :Date/ yearHistory1919Jack Cohen founded Tesco in Hackney. 1924Tesco first brand name was appeared. September 1931First shop was opened at 54 Watling street,Middlesex. 1

1947 Company was listed on London stockExchange as Tesco stores limited. 1961Largest Tesco shop was recorded in Guinnessbook of records in Europe. 22 April 2015 Tesco market capital was recorded as 18.1billion Euros at LSE. Organizational structureTesco is having hierarchical structure in which authority flows from top to bottom. Thereare three levels in this that are top, middle and bottom level. they follow hierarchical structure. Organizational structure means that how activities will be supervised, allocated to attain goalsand objectives of organization (Virglerová, Dobeš and Vojtovič, 2016 ). Also, it shows whowill report to whom at a particular level. they are divided into two types:- Tall- It is a long chain of commands in which there are many levels. This type of structure isfollowed in small and medium size companies. Here, levels are added with growth oforganization. Hierarchical – As name reflects, in this every single level will contain a single entity. In thispeople at top contains more power than at low level. it is commonly followed in largecorporation, governments, etc. Organizational chart – it shows the organization structure followed with help of diagram orchart. In displays the rank, position, relationship, etc. between different post or jobs. Tesco manages their operation and structure in similar way in different country. they arehaving same number of people at every level (Moroni, Arruda and Araujo, 2015). each of themreports to top level in same way. QUESTIONS B HOW TESCO IS GOVERNED Tesco is a public limited company so it is governed by government who appointsresponsible person to regulate and control the company operations. the overall operations arecontrolled by Chairman. The executive directors are responsible for development of strategiesand monitoring them. Dave Lewis – Executive director (CEO) was elected and appointed in September 2014. John Allan – Chairman of Tesco elected and appointed on 1 March 2015. There are five executive and eight non executive directors in Tesco 2

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