EC4F05 - Introduction to Business Environment: Tesco Analysis Report

This report provides an overview of different types of organizations, including public, private, and voluntary entities. It discusses the purposes of these organizations and the importance of stakeholder management. The report uses Tesco as a case study to analyze the impact of fiscal and monetary policies on its activities. It explores the legal structures, stakeholders, and operations of local, national, and global organizations. The analysis includes discussions on shareholders, employees, customers, and the effects of monetary policy tools on business operations. The report concludes with a summary of the key findings, emphasizing the significance of stakeholder satisfaction and the influence of economic policies on business performance. The report also includes references to support the analysis.

EC4F05 – Introduction to the Business
Environment

Content
• Introduction
 Different organizations exist for different purposes
 Identify and explain the different purposes of organizations
• The management of stakeholders
• Local, national or global organizations
• Assess the impact of Fiscal and Monetary policies on the activities on
Tesco
• Conclusion
• References

INTRODUCTION
The presentation includes discussion about different types of organisations.
There is discussion on importance of stakeholders within the company.
Different types of organisations like local, national and international is
discussed. Also, there is discussion on Fiscal and Monetary policies on the
activities of the company. The company considered in this file is Tesco. This
is a UK retail company that provides services globally. National Health
Services organisation is used as public organisation and Oxfam is used as
voluntary organisation.

Different organisations
Public Organisation- A company owned and controlled by government is a
public company. NHS (National Health Services) is chose for the following
report. It started in 1948, with an objective of providing individuals with free
health services.
Purpose: National Health Services, was set up with an aim of providing free
health services to individuals of country (Ibnu, Offermans, and Glasbergen,
2018). Following their purpose they promise to offer best services to people
and help them improve their health.

Cont..
Legal Structure: All decisions regarding a public organisation are taken by
government. With context to NHS it is duty of state as well as central government to
take decisions regarding company. Top authority of government discuss decisions to
be taken with their employees before launching.
Stakeholders: Stakeholders are very important for a public organisation. They
invested capital in business. Stakeholders for public organisations are financial
institutions, government etc. Stakeholders may include local authority, trustees and
patients. They have a great influence on working of the company.

Cont..
Private Organisation- Private Organisations consist of individuals, two or
more partners or agency (excluding public body) which are run to earn profits.
For this following report TESCO is company which is taken into
consideration. TESCO is a private entity and deals in grocery items.
Purpose: TESCO is a company with grocery stores all over the world. TESCO
was established with a purpose to provide efficient services at affordable
prices. They also aim at satisfying requirement of its customers and building
its brand name in market.

Cont...
Legal Structure: The legal structure followed by a private organisation is set up
by executive level usually including of CEO, CFO etc. of a company. They are to
take all the necessary decisions based on laws and legislature. Top authorities of
TESCO take all required decisions and then communicate them with
subordinates and employees.
Stakeholders: Stakeholders are always related to an organization due to some
motive or profit (Gustavsson, and Jacobson, 2016). Profit earned by a company
affects the behaviour of stakeholders. Stakeholders in TESCO are its investors,
customers, employees, government and its agencies.

Cont...
Voluntary Organisation- Such organisation consists of functions which are not
directly managed and controlled by government. For this report voluntary
organisation taken into consideration is Oxfam.
Purpose:The purpose of such organisation is to develop a poverty free society.
Oxfam takes effective decisions to bring equality in living standards of all the
citizens of country.

Stakeholders of Tesco
The working of an organisation can be carried out efficiently if all its
stakeholders objectives are aligned with objectives of firm. Discussing in
context of TESCO company have a number of stakeholders whose decisions
and actions have a great impact on business. Some of its major competitors are
its shareholders, employees, customers, suppliers, government and society.

Cont...
Shareholders- Shareholders are people who have invested in company and
who are interested in profitability or return from it. TESCO needs to make
sure that its investors receive regular returns otherwise they can take their
investment from company and invest it somewhere else.
Employees- All the people working in an organisation are its employees.
Employees of an organisation fulfil their roles and responsibilities to get
wages or salaries in return. It is necessary for TESCO to keep their employees
satisfied and motivated. Satisfied employees prove to be assets for the
company.

Local, national or global organisation
Local – These are the organisations which sell products to customers in their
own community. The local organisations sell the products and services in own
town, city, or region. The example for this type of organisation is local barber.
National – A national organisation is known as organisation which operates
within borders of different country. This type of organisation mainly focuses
on culture of the company and develops products and services for satisfying
the needs of customers. An example of this type of organisation is Doughnut
Time. This is a shop which is operated across Australia.

Fiscal and Monetary policies on business activities
Monetary policy is defined as area of economic policy that deals with area of
economic policy dealing with how much money is available in the economy
and how easy it is to borrow money. This policy affects employment and
inflation, growth of business, processing of banking, etc. There are some
central banks like Federal Reserve which are called Fed. There is use of
various tools for shaping monetary policy.

CONCLUSION
From the above discussion, it is concluded that there are different types of
organisations within market such as private, public and voluntary. All these
have different purpose and size. Stakeholders are essential part of any
organisation and they must make all these satisfied and happy. Business is
also dependent on fiscal and monetary policies.

References
Ibnu, M., Offermans, A. and Glasbergen, P., 2018. Certification and farmer
organisation: Indonesian smallholder perceptions of benefits. Bulletin of
Indonesian economic studies, 54(3), pp.387-415.
Gustavsson, F. and Jacobson, S., 2016. Diverse mechanisms of friction induced self-
organisation into a low-friction material–An overview of WS2 tribofilm
formation. Tribology International, 101, pp.340-347.
Wood, A.J., Lehdonvirta, V. and Graham, M., 2018. Workers of the Internet unite?
Online freelancer organisation among remote gig economy workers in six Asian
and African countries. New Technology, Work and Employment, 33(2),
pp.95-112.

References
Ibnu, M., Offermans, A. and Glasbergen, P., 2018. Certification and farmer
organisation: Indonesian smallholder perceptions of benefits. Bulletin of
Indonesian economic studies, 54(3), pp.387-415.
Gustavsson, F. and Jacobson, S., 2016. Diverse mechanisms of friction induced self-
organisation into a low-friction material–An overview of WS2 tribofilm
formation. Tribology International, 101, pp.340-347.
Wood, A.J., Lehdonvirta, V. and Graham, M., 2018. Workers of the Internet unite?
Online freelancer organisation among remote gig economy workers in six Asian
and African countries. New Technology, Work and Employment, 33(2),
pp.95-112.

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