The Business Environment - Tesco

Added on - Dec 2020

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 15 pages
THE BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1. Describe the type of business, purpose and ownership of two contrasting businesses....3P2. The different stakeholders who influence the purpose of two contrasting business........6P3. How two business are organised in terms of their structure and functioning areas?.......8P4. How the style of organisation of chosen businesses helps to fulfil their purposes..........9P5 The influence of two contrasting economic environment on business with in anorganisation..........................................................................................................................10P6 How political, legal and social factors are impacting upon the business activities of anorganisation..........................................................................................................................10REFERENCES..............................................................................................................................14
INTRODUCTIONBusiness environment is the combination of all internal and external forces that influencethe functioning of an organisation including consumers, management demand, businessregulations and employees. The external factors of organisation influence the business decisions,and these are outside the control of the business. The present report has been conducted on twoorganisations, in which TESCO is dealing in Private sector, which is a multinational retailercompany, and Oxfam is taken as an voluntary organisation, which is an alliance of 20independent charitable organisations which is focusing on the relief of global poverty. Thisreport will emphasizes on type of business, purpose and on ownership of two contrastingbusiness (Hilton and Platt, 2013) . Along with this, different stakeholders who influence thepurpose of two business is also have been discussed. In addition with this, how these business areorganised and how their style of organisation helps them to fulfil their purpose is also going to beelaborated in this. At last, the report is end up by describing how political, economical, socialfactors impact these businesses.TASK 1P1. Describe the type of business, purpose and ownership of two contrasting businesses.There are two different types of business which are described below :TESCO:Tesco plc is a British multinational groceries and general merchandise retailercompany which is headquarters in Welwyn Garden City, Hertfordshire, England, United
Kingdom, this was founded in 1919, East end of London by Jack Cohen. Tesco is anPrivateorganisations (Profit), which run their business with the purpose of making profit by a person,partnerships, agency or an association (Bharadwaj and et. al., 2013) . Thisis an internationalcompany, which operate their business in over 14 countries which includes china, japan,Malaysia, Thailand, Mexico and many more. This is spread in all over the parts of UK.Purpose: The main purpose of Tesco is to generate value for customers to gain theirloyalty forever. According to Tesco, their customers wants better quality products at lowrate, and as per Tesco, it is their responsibility to fulfil the demands of their customers inthe right way.Nature:Tesco started their business fromEdgware, North London in 1929. To establishthis business, the founder of Tesco was John Cohen and T. E. Stockwell. By startingthere first store, they mainly used strategies to build loyalty of customers. By this busines, they reached the £billion pound turnover in 1979, and then Tesco became the first UKbusiness to reach £2 billion pound and became the largest retail industry in UK.Limited CompanyThis type of company is termed a business structure which is to beconsidered by an organisation as a well- defined body, that's why a business is a legalentity.The limitedcompanies which are working in private sectorcannot offer theirshares to the general public,and this is the common issue for small businesses in UK. Onthe other hand, Limited liability refers with the state by which shareholders are legallyresponsible for the liability of a company only to the stage of the nominal value of theirshares (Berg and Kilambi, 2014) . The importance of limited liability is that there is a animportant protection for shareholders in a company, and they can only lose the value oftheir investment. The another importance is that limited liability does not protect againstfraudulent trading.The limited liability is registered by getting a copy of your state'sLLC articles of companyform and choose a name and then fill the form. Then publish anotice in the local newspaper, submit it and then create an LLC operating agreement, geton the same page with the business partners and then set up the LLC. HMRC stand forHer Majesty's Revenue and Customs, it is a non ministerial department of UKgovernment, and they use to collect tax from the Limited businesses, performing in theenvironment of UK. Along with this, they use to make payment of some forms of statesupport (Schaltegger, Lüdeke-Freund and Hansen, 2012) .An private organisation is
Desklib Logo
You are reading a preview
Upload your documents to download or

Become a Desklib member to get access