Analysis of Business Operations: TESCO and the Economic Environment

This report examines the business operations of TESCO, a multinational retail company, and analyzes the impact of both local, national, and global economic environments. It covers the differences between public and private sectors, highlighting how various factors influence business performance. The report further explores the importance of customer service, the benefits of customer profiling, and how these elements contribute to a company's success. It concludes with a summary of key findings, emphasizing the need to consider environmental factors for effective business management. The report includes references to relevant academic sources, providing a basis for the analysis and conclusions drawn.

How Business Operate
(TASK 1 & 5)

Table of Content
 Introduction
 Different types and structure of public and private sector
organisations
 Impact of local, national and global economic environment on
TESCO
 Impact of customer service on business success
 Benefits of customer profiling to a business
 Conclusion

Introduction
Business environment mainly compiles up of many of the external
and internal factors such as Govt. , customers, suppliers,
competitors and many more. It is needed to acknowledge them
along with its impacts. This mainly provide help in collecting
vital data for the marketing conductions and abilities of
system.There are various kind of sectors which are present in
both public and private sector and those are HR, Finance,
Production, Research and development and many others.

Different types and structure of public and
private sector organisations
There are companies which
mainly differ from one another
on the basis of size, scope,
ownership and objectives.
There are firms which are
being included in public sector
which administration should
be done as per the rules.

Impact of local, national and global economic
environment on TESCO
TESCO is one of the multi national company who deals in retail sector
and thus mainly provides the groceries products. This company has
many outlets across the globe, so it is highly essential for them to
utilise the money power and resources in better way.

Impact of customer service on business success
This can be stated as the procedure which an organisation mainly
use for providing customers for making sure high level of
satisfaction for products.

Benefits of customer profiling to a business
On the off chance that enterprises gets 5% of maintenance of
individuals then it will lead upgrading their business execution up
to 125%. Also, because of giving successful administrations to
clients, TESCO has increased 60% considerably higher benefit
than its rivals.

Conclusion
From the above report, it has been concluded that the various kind
of environmental factors needs to be evaluated as they make huge
impact upon the operations of business. This in turn will help in
running the business in proper manner.

References
Amit, R. and Zott, C., 2015. Crafting business architecture: The
antecedents of business model design. Strategic Entrepreneurship
Journal. 9(4). pp.331-350.
Dijkman, R.M., and et. al., 2015. Business models for the Internet of
Things.International Journal of Information Management. 35(6).
pp.672-678.
Goldratt, E.M., 2017.Necessary but not sufficient: a theory of constraints
business novel. Routledge.