The Business Environment of Tesco

Added on - 22 Nov 2020

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The Business Environment
TABLE OF CONTENTINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Type of business purpose and relationship of two contrasting business................................3P2 Stakeholders influence on purpose of two contrasting businesses.........................................4TASK 2............................................................................................................................................6P3 How two businesses are organised.........................................................................................6P4 How style of organisation helps them to fulfil their purpose.................................................7TASK 3............................................................................................................................................8P5 Influence of two contrasting economic environment on business activities of selectedorganisational...............................................................................................................................8TASK 4............................................................................................................................................9P6 Impact of political, legal, social factors on business activities of selected organisation andstakeholders.................................................................................................................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness environment is sum total of all individual, institutions and other forces that areoutside the control of enterprise but the business still depends on them as it affects performanceand sustainability of business of two contrasting businesses one is non-profit 'OXFAM 'andprofit organisation 'Tesco'. This report will underline types of business purpose and theirrelationship with two contrasting business. It will discuss stakeholders influence on thesebusinesses. Further, this report will underline how two businesses are organised by comparingfunctions with its organisational structure. This assignment will describe that how structure ofcompany helps this firm to achieve their purposes. On the other hand, it will outline the impactof economic environment on this firm and also includes under its purview effects of legal, social,technical factors of these businesses through use of analytical tool 'pestle'.TASK 1P1 Type of business purpose and relationship of two contrasting business.Non-Profit Business (OXFAM)Non-profit organisation works with motive of serving social welfare where focus isserving benefit to society. Key aspects of non-profit organisation are trustworthiness, honesty toevery person of society who have invested in organisation. Main aim of non-profit firm is toanalyse problems and suffering of society to enable solution for support. This non-profitcompany is owned by governmental organisations or trustees of different countries. Oxfam isnon-profit organisation formed with 20 charitable organisations with the motive of removing ofpoverty and helping people to fight with injustice and lack of resources (Hair and et.al., 2015).This company focuses on key areas of development of work which deals with lifting outcommunities from poverty. Humanitarian work which focuses on taking care of natural disasteraffected peoples from calamities. This organisation has improved its functionsand is nowfocusing on eliminating poverty.now to alleviate poverty from.Oxfam is public sector companyworks for the community and society benefits This firm is working without any objective formoney for earning profit and are only focused on benefits of society and public and provide themwith fruitful solutions to eradicate poverty by motivating them to stand up for their own rights(Hunter, Saunders and Constance, 2016.).Oxfam is limited liability firm means its members are limitedly liable for company'sdebts and their liability. Firm is an international organisation with 14 organisationswho are
trustees of the firm works in 98 countries. 'Winnie Byanyima' is executive director of OXFAMnon-profit organisation ant this company is very well managed by their trustees. Debt in thiscompany took place in 1970s and1980s which created a huge loss for the company and forces thefirm to overcome their debts through inviting public spending to balance debts of the company torecover some drawbacks and come back to the stable situation. This company is limited liabilitymeans members of this company are liable for its debts and liabilities (Zolnowski, Weiß andBöhmann, 2014,).Private Business (Tesco)Private organisations run with the motive of earning profit with increasing workforce andcomfortable working environment. This companies do not bother about the well-being or welfareof society they just target is to increaseproductivityand brand image of company to increaseprofits of the company. This profit-based companies are owned either by non-governmentalorganisations or small number of shareholders company members (Wheelen and.et.al., 2017).TESCO which is private based company. It is multinational groceries and generalmerchandise retailer headquartered in England United Kingdom. It is third largest retailer inworld measured by gross revenues and ninth largest as measured by revenues. This company hasdiversified in the areas of retailing of groceries, books, clothing, electronics and furniture.Tescois public limited company as its shares are with different shareholders but ownership of firm isprivate means it is privately owned company. This company is liable towards its customers tosatisfy them by providing quality products and increase customer loyalty.This company have tobuy back700 of its debt as retailer tries to strengthen its balance sheet and will regain itsinvestment status.Tesco is a private Limited organization.P2 Stakeholders influence on purpose of two contrasting businessesPrivate Business (Tesco)Mission: TESCO mission is to create value for the customers to earn their lifetimeloyalty of customers.Vision: This company wants to be growing, modern and innovative business full ofopportunities.Business objectives: This company main objective is to become a leading retail supermarket and provide good quality products at low cost to compete in market.
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