Business Ventures Report: Tesco, BBC, and Wellcome Trust Analysis

This report provides a comprehensive analysis of the business environment, focusing on different types of business ventures such as public, private, and voluntary organizations. It examines the characteristics, purposes, and legal structures of each type, using examples like BBC, Tesco, and the Wellcome Trust to illustrate their operations and scope. The report delves into the application of PESTEL and SWOT analyses to evaluate the internal and external environments of these businesses, particularly Tesco. It explores the relationships between various business functions, including marketing, production, finance, and information technology, and how these interdependencies impact the overall performance of the ventures. The report also discusses the interplay between strengths, weaknesses, and macroeconomic factors, offering a detailed examination of the business landscape.

Business and the
Business Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
P1 Different types plus purposes of business ventures...............................................................1
P2 The scope and sizes of different types of business venture...................................................3
P3 Relationship among different business venture functions.....................................................5
P4 The analysis of macro environment along with positive effects and negative effects on the
operations of Tesco.....................................................................................................................6
P5 Evaluation of internal as well as the analysis of external environment in the business
ventures to evaluate strength plus weakness............................................................................9
P6 Discuss strength plus weaknesses interrelate with macro factors......................................11
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Business environment consist of sum of both internal plus external factors that involves
different aspects as level of competition, employment, plus, supply, suppliers, client,
management, market trends plus so on. The business environment is dynamic plus the
management has to adopt the changes in policies, procedures, rules plus regulation of the firm so
as to attain a significant position within the market. Tesco is one of the leading retailers in United
Kingdom that deal with big variety of goods as groceries, toys, furniture plus variety of
financial services all over the world. Tesco is a renowned and well established firm and the
biggest retailer in the world that meet the needs of individuals. This report is based over different
types and determicountrys of a business ventures as public, private plus voluntary. This report
also engages the PESTEL as well as SWOT to attain the changes of internal plus external
analysis within the business venture. The interlink among different levels engaged in a report in
different aspects such as human resources, finance, marketing plus so over as each department
operate different functions plus responsibilities
P1 Different types plus purposes of business ventures
The company supports in dividing the work among the subordinates in according to the
specialised skills so that they work with larger efficiency plus take part in the success as to gain
the prosperity among organisational people. There are 3 different types of company like public,
private and voluntary venture that are describes as below:
Public business venture: Public limited companies have huge financial resources plus
the liability is limited to the extent of capital contributed by them. The public companies often
takes a enough value of shares in the capital investment form people plus it does also creates
them partners in the profits as well as inn losses of the business venture. The most effective
system of BBC Company plus its working transparency creates it more effectual name among
the public industries of United Kingdom It focuses over providing the service that benefit the
entire society plus also play the crucial role in the services of public. BBC is considered as one
of the leading public limited firm in United Kingdom.
Purpose: The main purpose of Public limited firm is to gives welfare to the society
instead of gaining profit. It also focuses over economic development plus gives enormous growth
and development opportunities in the economy.
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Legal structure: The legal structure in case of public enterprises is very cheap plus also
ensures proper systematic of work in an effectual way. But this requires lot of documentation
formalities plus paperwork that impact the operations of a business. The legal structure of public
company is described as below:
Local Government: These are owned locally by the government that have control over
the specific region. Its officials plus collect taxes from small scale as it also do different other
things.
Central Government: These are owned centrally by the government plus control main
part of the country.
State Government: These are owned by the state as it has separate department to overall
functioning of the state that involves education, agriculture etc.
Private Business venture: Tesco is one of the private retailing firms in United Kingdom.
The company is a successful retail chain store that is well; recognised presence in the market of
United Kingdom. Private nature of the firm creates it solely profitable to the owners only. Thus
here as a private firm the owners gain the value of return over investment but along with that
liabilities are also high in this type of business venture.
Purpose: The main purpose of private limited firm is to create money plus gives the long
term growth of a firm. Also, they take prompt decisions plus have good effect of personal
connection with workers within a business enterprise.
Legal structure: It has separate legal enterprises plus shareholders have limited liability
in respect of firm's debt. A firm is run by board of directors by following the legal documents
such as Article of Association and the memorandum of Association. The advantage of legal
structure of Private Company is that it is support in conducting fast operation of a business plus
gives most effective solutions in an instant way. But at the exact time, it is expensive style in
case of private business venture.
Voluntary Business venture: Well come Trust is one of the leading charitable business
ventures in UNITED KINGDOM. This is a non-profit organisation which has certain liberations
from the authorities as well as it also has the most effective value of support from the society.
Well come company has certainly less or nil intention to gain more profit as that creates this as
more effective n plus most effective in terms of firm’s sustainability. Whereas over the other h
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plus the business ventures has support from big industrialists plus financial bodies of the country
to do the workings.
Purpose: The main purpose of voluntary company is to fulfil the mission plus work
towards the effective goods instead of creating the chances of earning profit. It creates a social
wealth instead of gaining the funds.
Legal structure: The legal structure of voluntary company gives charity plus funds so as
to conduct smooth operation of a business. But at the exact time, this style is observed as much
time consuming that ultimately tends to delay in decision making. The major three legal
structures practiced by voluntary groups are as below:
Trust: Trust are set up to manage money to a clearly defined purpose plus can be formed
quickly plus cheaply.
Limited Companies: It is an integrated company plus has a separate legal ownership of its
owners.
An Unincorporated Association: They have no separate legal existence plus have
common purpose when a team work together. In this, no fees is charged.
P2 The scope and sizes of different types of business venture
Different types of business ventures operate as a part of the economy. These entities vary
from each other over the basis of the size as well as scope. Thus, it is essential to understand the
following types of business ventures in accordance with the size plus scope to determine the
differences underlying among them.
BBC (Public limited Firm):
Overview of firm: BBC is the one of the oldest broadcasting firm in United Kingdom
plus is broadcasting in 28 languages plus it is awarded as Queen's Award to Enterprise (Bill,
Fearer, plus Karman, 2020). It gives fast plus innovative technology to gives an ease of
convenience among the consumers.
Goods plus services: It deal with wide range of goods plus services that involves
broadcasting, radio, web portals plus its services are showcased in television, radio plus
online.
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Size: The concerned firm employs 22,000 staff as it is the oldest plus well-established
country. The total number of assets that a firm has 1.172 billion plus currently its net income is
69 million all over the world.
Scope: It is an oldest broadcasting firm in United Kingdom that is operating in 200
countries plus owns its resources where it is not currently working.
Vision: The vision is to be the most creative plus innovative company in the world.
Mission: The mission of BBC is to enrich people lives with the programmes plus also to
inform, gives education plus source of entertainment to the people around the world.
Objectives: The objectives of BBC are very clear among the workers that comprises of
trust, respect, quality plus value, creativity plus togetherness.
Tesco (Private Firm)
Overview of firm: Tesco is a multicountryal retailing firm in United Kingdom that deal
with wide variety of groceries as books, clothing, electronics, toys plus different financial plus
telecom services. It is the third biggest retailer in the world in terms of gross revenue. Further, it
is the top retail corporation functioning within the territorial boundaries of Britain.
Goods plus services: The number of goods in case of Tesco involves supermarket,
hypermarket, and superstore plus convenience group.
Size: The number of workers working in the Tesco are 4, 50,000 as it is a giant firm with
a well-trained staff. Its total net income is 1,320 million plus revenue is 63,911 all over the
country.
Scope: Tesco has expelled plus end its operations rapidly plus currently it has 6800 shops
all over the country.
Vision: The vision of particular firm is to be the most heavily valued business plus to
serve the most loyal plus committed consumers within the peripheral boundaries of United
Kingdom.
Mission: The mission of Tesco is described by the statement that is “We create what
matters better, together.”
Objectives: The main objective is to gives the best plus effectual quality of goods plus to
deliver best services among the consumers with full of modern plus innovative ideas.
Well come Trust (Voluntary business venture)
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Overview of firm: Well come Trust is one of the charitable business ventures in United
Kingdom with the objective of improving the mental plus human health. It is one of the
wealthiest charitable institutions after the American Bill.
Goods plus services: This charitable association gives funds in different areas such as
biomedical science, humanities plus its services include grant management, education plus
investments.
Size: The particular institution has 2,057 individuals are associated with it plus its
financial endowment consist of 25.9 million that is the biggest funding within the confine sector
of United Kingdom.
Scope: This trust engages big market segment plus overseas of United Kingdom as it is
well renowned trust plus it support public sense of science.
Vision: The vision of a particular association is to contribute to the society through
pursue of gaining capabilities plus education at an intercountryal level.
Mission: The mission of Well come Trust is to promote health in order to gives the
guidance to the students by using research plus development.
Objectives: The objective is to improve the overall well-being of big number of
individuals especially the mental plus physical health.
P3 Relationship among different business venture functions
The dependency of decisions over different considerations involving other business
functions plus it is important to evaluate the outcomes of interlinks. In the context of Tesco, the
interlink ship among departments that are elaborated as below:
Marketing plus Production: Because of dynamic environment, it would be
difficult to the firm to adapt the changes quickly that owns a big threat to the management of
Tesco plus the role and responsibilities of production management is to design goods in
accordance to latest trends so as to fulfil the requirements of buyers. The marketing plus
production department has a well observed interlink ship with each other. Marketing team in the
Tesco is responsible to providing all the information that are related to the supply ad deem plus
need if tag market thus it supports to the production significantly by stating the right need of the
production iin the market. Along with that the production department of Tesco has multiples
level under that it requires certain value of promotion that is only possible by giving the
executive value of marketing principles in the operational level.
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Finance plus Information Technology: The finance management of Tesco does not
create optimum utilisation of resources that tends to wastage of funds plus also does not h plus le
consumer complaints properly plus effectually (Rusu and Roman, 2020). Company creates the
most effective relationship among the finance plus information technology to create its working
quote smooth plus iin and most effective flow. The finance is termed as the lifeblood of any
business while the information technology is certainly considered as the backbone of all the
essential operation in Tesco. The IT department in Tesco takes certain financial aids to enable
the department with latest technologies thus along with the finance level at Tesco is relied over
the IT team to the most effective running of the systems plus software’s of financial
calculations.
Marketing plus Human Resource: The HR management of Tesco does not gives
effectual training that absences the confidence of the staff plus declines the most effectiveness
plus growth of the firm. The marketing plus human resources both depends over each other in
order to most effectively attempt all the business venture’s motive plus goals, thus in relation to
Tesco the HR management takes supports of the marketing team to mark the effectual vacant
positions of market where they can identify the most effective and potential as well as
individuals Thus exact as with the marketing the marketing department of Tesco needs certainly
the most effectual individuals those who are experienced and well qualified have the entire
required skill to manage the business venture.
P4 The analysis of macro environment along with positive effects and negative effects on the
operations of Tesco
The macro environmental factors are comprised of the following elements which are
effectively analysed with the help of Pestle modal. This reflects the current and complete
scenarios of external surroundings in respect of business.
Political: Thus to an instance, the recruiting plus selecting process in the firm because of
the Brexit criterion. The absence of human resources in domestic states plus the restriction to
employing new plus ideate from any country in European Union territory emphasis the
productivity of the Tesco. In addition to that it brings some positive emphasis over the particular
company that are as below:
Positive – The stability of ruling party within the United Kingdom act as the most
beneficial term to the business as the certain rules plus policies of the particular party is remains
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the exact through every business period plus management of Tesco can most effectively use this
to prepare it long term plans regarding the sales plus operation.
Negative – With a wide scope of advantages Tesco faces a bit of disadvantages in
performing its functions within United Kingdom. The country has an immense level of
disturbance through BREXIT criterion. The price rates of labour as well as different other
resources have been inflated plus it is impacting the financial sources of business.
Economical: The following example can state the clarity of the economical factor of
Tesco in United Kingdom, as the high range of gaining in the United Kingdom of population. the
current workforce is needed requirements at a particular range of hike in the wages plus salary.
The human resource management plus top authorities will consider this plus as to ensure the
people’s job satisfaction. This will ultimately lead to the high cost incurrence plus rise in the
costs of its particular goods.
Positive – The emphasis of the country's financial conditions over the foreign promoters
is quite influential. The high range son interest attracts the Foreign Direct Investors to invest in
the development of firm that would support it to expel plus its performance plus sales.
Negative – Tesco is considered to be most cost-effectual business, the BREXIT criterion
in the particular country has increased the cost of production plus sales because of limited
availability of resources plus raw material.
Social: The current social factor in United Kingdom is more technology friendly plus
absences an innovative approach in the market. For an instance the high demands the innovative
values in the product plus services of Tesco plus the fulfilment, will support it to attain the most
effective position among high competition.
Positive – With a wide culture of new plus adaptive ideologies, businesses alike Tesco
plc. Can significantly emphasise more over the innovation part in its operations. Thus, this
activity of business will support it to grab the wide attraction of potential consumer base.
Negative – The anticipation of a social trend by rival firm before Tesco would serve as a
negative aspect to the company in the sense that the consumers would shift to the alternate brand
plus.
Technological: United Kingdom is renowned as the IT hub plus innovative
advancements in technologies. All the innovation of technologies supports the business to grow
plus evolve the working process. Tesco has the certain opportunity is a way to promote its sales
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plus profitability by adapting these technologies. The main example of the technological factor
of Tesco is can be undertaken as the scenario where the firm is implementing new technological
advancement as AI security check of its workers plus visitors, this ensure the 100 per cent
security of the premises as well as it also saves a lot of productive time plus other resources of
the firm.
Positive – The emerging trend in new technology supports the company to simplify its
working process plus compete with the rival firms.
Negative – technological advancements can be adapted by the competition plus that can
turn to an unfavourable condition to the business venture.
Legal: All factors that are interrelated with the norms plus culture of legal plus other
authorities in the particular country. The legal factors engage all the laws plus legislations of the
country that impacts the business operations. The environment of legal factors to Tesco supports
it to set the guidelines plus principles to the most effective working operations. There is an
enormous of advantages plus disadvantage of the legal aspects over to the operations of business.
There is a positive example of the legal factor as the firm is following all the rules plus
guidelines of country plus local government, the public is derived towards the company
because of its most effective law compliances along with that the company is efficiently created
a positive value of itself among the public..
Positive – The legal factors give a proper criterion to the work plus gives certain legal
frameworks under that the company can operate its operations in the most ethical way thus it
does promote the moral of the workers within the company as they get the high opportunities
plus most effective working environment.
Negative – The laws plus regulations to operate the business are certainly rigid that forces
the company to work in the particular boundaries of particular rules plus regulations. In relation
to Tesco the legal factors sometimes act as a barrier to growth plus profitability.
Environmental: The country faces critical problems to use the natural resources as well
as it emphasis the overall climatic conditions that create the barriers to most effective business
operations as well as to the usual life of individual. For an instance the growing range of
pollution because of plastic waste is certainly can be decreased by the firm to operate the
functions most effectively in a more ethical way. The limited use of plastic in the sale of each
product will support in nurturing the environment positively as the govt. Plus local authorities
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will also support in this step of the business venture. The positive plus negative emphasis of the
environmental factors in relation to Tesco is here as below:
Positive – the environmental condition of United Kingdom gives businesses such as
Tesco a most effective chance to work in way to overcome the crises. This supports to build an
effectual brand plus value within the market.
Negative – the current state of environment creates a scarcity of essential natural
resources that is ultimately increase the cost of overall process.
P5 Evaluation of internal as well as the analysis of external environment in the business
ventures to evaluate strength plus weakness
The SWOT analysis is conducted to determine the strength, weakness by grabbing the
opportunities plus removing threats within the business venture. In other words, it supports in
ascertaining the level of competition plus enhance the profitability within the marketplace all
over the world. It is a planning model that gives strategic advantage plus it also involves
different aspects such as level of employment, company culture plus so over that gives the
internal analysis of environment. The SWOT analysis are elaborated as below:
SWOT of BBC
Strength:
Bight Broadcaster: BBC is the biggest plus oldest broadcasting in United Kingdom with
almost 23,000 workers.
Modernised: This is the most vital strength that BBC is ahead of its competitors. It is one
of the biggest players in the market that gives new things such as Colour TV, HD channels plus
so on.
Technological Advancement: This is one of the main strengths of BBC that gives high
technical web design, software design plus graphic design that hold the excellent position in the
market.
Weakness:
Biased opinions: One of the main weakness is that there is chance of biasness in the
opinion plus views among the debaters.
High operating cost: The operating cost of BBC is high as compared to its competitors
within the market.
Opportunities:
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Rise in Revenue: BBC is one of the popular broadcasting in United Kingdom that results
in rise in the revenue around the world.
Large packaging: In this, the BBC is updating itself plus viewers prefer to get
traditional information plus packaged in a new style.
Threats:
Strong competition: There are big number of players as CNN within the market that owns
a larger threat to a firm.
Introduction of domestic channels: There are different domestic channels that give rise
to the competition within the market.
SWOT of Tesco:
Strength:
Big market share: Tesco is one of the leading retailer plus supermarket in United
Kingdom that has expel plus end its operations plus gives the overall shopping experience.
Br plus Equity: Tesco has considerable brand value with global acknowledgment plus
in terms of quality, selection plus service.
Weakness:
Price wars: There are lot of competitors in the market as ASDA, ALDI, Amazon, etc.
that tends to decline in costs of goods.
Less expansion: This retailing firm heavily relied over the United Kingdom to its sales
does not spent time plus resources over developing the other market.
Opportunities:
Online shopping: Tesco could introduce the online shopping that gives an ease of
convenience among the consumers.
Joint venture: There is opportunity to the particular firm to allow joint venture with local
companies that improves the overall performance within the peripheral boundaries of UNITED
KINGDOM.
Threats:
Rise in food costs: One of the main threats to a firm is rise in the price of food that
impact the purchasing power of consumers plus this declines the needs of clients.
Pressure of stakeholder: There is larger pressure from the side of stakeholder who main
emphasis over the social responsibility and it also impact negatively.
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P6 Discuss strength plus weaknesses interrelate with macro factors
There are different factors that impact on the functions of company such as political,
economic, social along with technological main role and responsibilities in determining the
changes that has taken place in an enterprises. In this relation of Tesco, the interlink among
macro factors is elaborated as below:
Political factors: The management of Tesco prepare an appropriate planning so that it
could capture the big market share all over the world. The vote to Brexit has impacted the Tesco
negatively that tends to inflation plus impact the financial sources of the firm.
Economic Factors: Foreign Direct Investment gives the main source of desticountry
plus it support in promoting the growth of a business within the peripheral boundaries of United
Kingdom. Because of Brexit, it has impacted the cost of production and sale of manufacturing
along with certain operation of a business as mentioned to Tesco. As a result, it creates a
negative emphasis of the firm plus impact the productivity of a business.
Social factors: Tesco gives new as well as eye-catching goods to attain big access of
consumers. At the exact time, there are changes in consumer trends along with preferences that
impact the operations of the firm. There are big number of players that lead to price was plus
thus reducing the costs of goods. The pressure of stakeholders owns the threat over the
environmental problems plus sustainable development.
Technological Factors: Tesco gives new plus innovative goods in order to attain big
contact of consumers. Technological advancements are adapted by the competitors that owns a
large threat to the firm within the peripheral boundaries of United Kingdom.
CONCLUSION
According to the given information and knowledge gained in the report it can be concluded that
the environment of the business to be undertaken by the organisation in order to effectively deal
with the upcoming problems as the analysis of PESTEL plus SWOT is also conducted to attain
the internal plus external factors of a business in order to attain a competitive position within
the market. This support in optimum utilisation of resources plus decrees the useless material
by adapting the measures environment protection as reduce as well as recycling within the
market along with that it also support the firm to ease in the operations within business.
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