The Business Environment of Tesco and Oxfam
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Added on 2021-01-01
The Business Environment of Tesco and Oxfam
Added on 2021-01-01
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THE BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1P1 Describe different types of business, purpose and ownership of two contrasting businesses......................................................................................................................................................1P2 Different stakeholders who influence purpose of two contrasting businesses......................3P3 Description of ways in which two businesses are organised with respect to structures andfunctioning..................................................................................................................................5P4 Explain how style of organisation aids them to fulfil their purpose......................................7P5 Description of two contrasting economic environments on business activities....................8P6 Description of ways in which political, legal and social factors have impact on businessactivities......................................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness environment refers to accumulation of individuals, entities and different factorswhich may or may not be in control of organisation but may have significant impact on growth,profitability, survival and performance (Business environment, 2018). In this report twoorganisations are considered they are TESCO and Oxfam. TESCO is a British multinationalgrocery and merchandise retailer. It is a private organisation which is headquartered in WelwynGarden City Hertfordshire, England. Oxfam is a voluntary organisation which is a alliance of 20autonomous charitable organisations which focus on elimination of global poverty. It is a non-profit group which was founded in Oxford, England. This report describes different type ofbusiness, their purpose and ownership of two contrasting business. Furthermore, different stakeholders are represented who havesignificant influence on organisation. Apart from this, way in which businesses are organised isdiscussed and way in which their style helps organisation to accomplish their purpose. At last,different political, legal and social factors are analysed which impact business.P1 Describe different types of business, purpose and ownership of two contrasting businesses.There are two different types of businesses, they are profit and non-profit businesses.Profitable business are the one who generates more money then what they have spend. They usedifferent methods by which they can enhance their profit. Non-profit businesses are devoted topromoting or advocating a social cause for having shared point of view. These organisationsmake use of their excess of the revenue for achieving their eventual objectives. Tesco is aprofitable organisation and Oxfam is non-profitable organisation (Hilton and Platt, 2013) .TESCO: It is a British multinational groceries and merchandise retailer organisation. Itwas founded in 1911 and is headquartered in Welwyn Garden City, Hertfordshire, England,United Kingdom. It was founded by Jack Cohen. It is a profit organisation which implies that itis private which executes their business for generating profit by a individual, partnerships or byassociation. They are operating in many countries with more than 6553 shops. This is spreadalmost in all parts of UK.Purpose: Tesco has aimed at providing value to their customers by which they can gaincustomers loyalty. Customers of Tesco are expecting high quality products from them at1
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