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Tesco Plc (Business Environment) : Assignment

   

Added on  2021-01-01

10 Pages3212 Words56 Views
Tesco Plc (BusinessEnvironment)

Table of ContentsINTRODUCTION ..........................................................................................................................31. Examine how Tesco Plc is governed and structured...............................................................32. Analysing the effects of external environmental factors on Tesco Plc...................................5CONCLUSION ...............................................................................................................................9REFERENCES .............................................................................................................................10

INTRODUCTION Business environment is sum total of all external or internal factor that affect businessfunctional activities in terms of positive and negative manner. Business environment factorsaffect each other and work together to affect business function. Present study will be based onbusiness environment for which Tesco Plc will be taking into action. Further, study will be goingto cover the best that how company governed and structured their business activities. Overall,report based on to identify the Tesco Plc marketing environment by using pestle model. 1. Examine how Tesco Plc is governed and structured.(A) Overview of companyTesco Plc (Tesco) in a retail sector, the company is engaged in the business of retailingalong with other two services as well which is banking and insurance services. Besides, companyincludes some segments like UK & ROI which influence two bodies UK and Republic ofIreland. Tesco Plc deals in retail banking and insurance services by Tesco bank in UK. Tesco Plc is the committed company to its shareholder value through focussing oncustomer meeting (Acha, Du and Shah, 2016). Tesco Plc managed their business at national levelby following some essential principles such as value of money, customer loyalty, productquality.History of Tesco PlcTesco Plc holds the leading position in the market of Britain or in the retail sector withmarket share of 15%. In England, Scotland and Wales company has 588 supermarkets, 257 ofthem are superstores which sells food products along with some other variety of products as wellsuch as clothing, housewares, petrol and alcoholic beverages (Tesco Plc, Company profile,information, business description on Tesco Plc, 2018). Tesco Plc provides personal financewhich includes grocery budgeting account which is called Clubcard Pluc, Tesco visa card and aTesco saving account. Tesco Plc follows the hierarchical organisation structure in which they delegate the rolesand responsibilities to the employees as per their skills and education level. Besides, it three leveltop middle and lower level (Anemogiannis and et.al., 2014). Tesco Plc business structure isconstructed by five committees reporting to Tesco Plc board, out of which 11 people of Tescoexecutives has been led by group of Chief executive which name is Dave Lewis.

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