Tesco Business Environment

Added on - 22 Nov 2020

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Business and the BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Different types and purpose of public, private and voluntary organisation..........................1P2 size and scope of different types of organisation...................................................................3LO 2................................................................................................................................................4P3 Relationship of various organisational function and its link with organisational objective4LO 3.................................................................................................................................................5P4 positive and negative impact of macro environment on TESCO.........................................5LO 4................................................................................................................................................6P5 internal and external analysation of of TESCO to determine its strength and weakness......6P 6 Relation of internal and external factor with the strength and weakness of TESCO...........8Conclusion.......................................................................................................................................8REFERENCES................................................................................................................................9Books and journals......................................................................................................................9online.........................................................................................................................................10
INTRODUCTIONBusiness environment refers to combination of external factor and internal factor thatinfluences the operational activities of business. it includes factors like introduction of advancetechnology, influences of supplier and clients,government legislations, competitors, and socialand economic changes in market. present study is based on TESCO company that work as agroceries and miscellaneous merchandise retailer.company offer wide range of product andservices to consumers such as clothing , baby products,health and beauty products, electricappliances,gaming and technology.study will explain the different types and purpose of public,private and voluntary organisation and its legal structure. further more it will describe size andscope of different types of companies.It will state the relationship between organizationalfunction and link to objectives and structure. in addition report will explain the positive andnegative impact of macro environment on operations of business.LO 1P1 Different types and purpose of public, private and voluntary organisationPublic sector businessit is an organisation that is owned and regulated by the government and exist in themarket to provide various services to its citizens. these are the self-financing commercial entities.It provide different goods and services under public ownership for sale. the main motive ofpublic sector is to earn and maximize profits for its enterprise for example TESCO company thatwork as a groceries and miscellaneous merchandise retailer(Hamilton, L. and Webster, P.,2015). it offers wide range ofproduct and servicesPurposethe main aim of company is to earn loyalty of its consumers by creating or offeringvalues goods and services for them.The company is aiming to provide wide range of clothing , groceries and electronicgoods and variety of services by using online platform.Business has objective to develop the online buying experience of its customers forattracting large number of group of people. that will ultimately assist firm in achieving itsmain goals(Khan, Alam and Alam, 2015).Legal structure1
TESCO is a multinational company that follows the legal structure in order to operates itactivities properly.Business has implemented the structure for corporate governance. They have compliedall the rules and regulations of UK corporate governance code.Private sector organisationthis organisation is a part of economic system of country that is operated by companiesand individual without any regulations of government.. such as Wait rose is a supermarket thatoperates in food retail division. It is largest employee-owned retailer in Britain.Purposethe main objective of wait rose is to attract large number of customers for generatingmore profit for company.The company wants to open large number of stores that will help in balancing cost andenhancing the revenues for firm(Radu, 2015).Legal structureits regulated structure is developed to safeguard the partnership's for longer duration andto ensure the firm's integrity and prosperity.The partnership council of enterprises is unique in corporate governance. It is directlyelected by its partners they hold chairman into account. Company appoints five board ofdirector in partnership board.Voluntary organisationA group of people that comes into an agreement volute rely in order to form anorganisation for accomplishing any purpose or objective. This company relies on occasionalvolunteers for performing various operations. for example Red cross is an humanitarianorganisation.Purposethe main objective of firm is to prevent and improve human suffering around the world.Business has a purpose of protecting health and life of people suffering disaster and forensuring respect for society.2
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