Report on the Business Environment Analysis of TESCO and Facebook

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Added on  2023/01/04

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This report provides a comprehensive analysis of the business environments of two prominent companies: TESCO and Facebook. It begins with an introduction to the concept of the business environment, encompassing both internal and external factors that influence business performance. The report then delves into the organizational structures of private, public, and voluntary organizations, providing context for TESCO, a large supermarket chain, and Facebook, a social media giant. The report explores the purpose and objectives of each company, including Facebook's initial goals and evolution. It also examines the objectives of various stakeholders, such as investors and employees, and how these objectives align with the companies' strategies. The core of the analysis involves the application of VRIO and PESTEL frameworks to assess the internal resources and external environment, respectively. The VRIO analysis evaluates the value, rarity, imitability, and organization of resources, while the PESTEL analysis examines the political, economic, social, technological, environmental, and legal factors impacting the businesses. The report concludes by summarizing the key findings and emphasizing the importance of understanding the business environment for strategic decision-making and success.
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BUSINESS ENVIRONMENT
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Table of content
Introduction
Purpose and types of different organization
Knowledge about Facebook with its purpose
Stakeholders objectives
VRIO & PESTEL Analysis
Conclusion
References
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Introduction
Business environment refers to a combination of internal and external environment which
comprises ample of elements such as employees, customers, demand, supply and many more.
These elements put a great impact on overall business performance. It helps to identify new
and advance opportunities for growth and success. There are several uncertainties associated
with business environment which significantly influence sales and profit margin of company.
In the current report TESCO has been selected that is largest supermarket giant within UK. It
provides a range of groceries and general items to cater the needs of global audience.
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Purpose and types of different organization
Private: These companies are owned by individuals which are operated with an
aim to earn higher profit margin. Here all the decisions related to business are
taken by owners as there is no interruption of government and other external
parties.
Purpose: Main aim of private organization is to increase in current market share
and brand value. They work to enlarge existing customer base by preparing
attractive strategies and plans. In regards of TESCO, it is analyzed that major goal
of entity is to inflate sales and profitability through providing quality goods to end
users.
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Legal structure: In public organizations all decisions of business are
taken by top level managers in order to operate effectively. It is analyzed
that TESCO works at large level and there are several individuals work
within company. Thus all board of members take all necessary decisions
and communicate it to subordinates that helps to maintain positive
environment at work place.
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Public: Here, company is owned, manage as well as control by
government bodies and authorities with an objective to maximize social
well fare. These entities are operated for the development of society and
nation at large. NHS is a government organisation which was founded
in the year of 1948 and provides quality medical services to individuals
within UK.
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Voluntary structure-: This organization plays important role ion order to
it is agreement between the groups or individuals which result as
accomplishing objective or purpose of the organization. There are various
examples of trade association, trade unions, learned societies and
professional associations and environmental groups. All the members are
taking membership in order to effectively conducting business operations
and mandatory to participating members of organization. They work for
common purpose with common interest which helps to easily attained the
goal of company.
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Knowledge about The Facebook with understanding the
purpose during it initial time
Facebook is one of the popular social media site which was founded by the
Mark Zuckerberg, Eduardo Saverin, Chris Hughes and Dustin Moskovitz
in 2004 which was in the writing code. Initially the name was “FaceMask”
which was further named as the Facebook. The journey of Facebook is too
interesting and it was the one who had created the craziness about the
social media through its coding and the style.
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When the people comparison comes in first as the controversial activity
which was the violation of the law of the university which was taken down
in just two days but in just two days the site has achieved the popularity in
high range. Which was again came with some upgrade in the social sites
which was seen as the one of the best innovation in the history in regarding
the digital world connecting the social world as well.
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Objectives of Facebook
First Objectives
Mark Zuckerberg has already work on the project which look like the
Facebook initially which was giving the interest to him which has already
the information which and what he need to do or what not to do with his
project. This was the hobby of the Zuckerberg so he just launched the site
within the Harvard network in just which can be used in just free of cost.
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Independence
Due to capturing the larger market and having the high level of popularity
which attract the other giant companies to wards that. Rumours were
spread out that Facebook is about to sold to the companies like Google,
Viacom and Yahoo were interested in for takeover the Facebook which
was cleared out in the interview by the Mark Zuckerberg in year 2007
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Data Centre
As the expansion of the Facebook was there, there were the problem to
keep the data which was the biggest problem in the initial time which was
due to insufficient fund and resources. So, building the data centres
appeared as a part of the Facebook's objective expansion.
In a report in 2011 there was the information which was related with the
expansion of the data centers of the Facebook which was requirement of
that time for maintain the security and the business in continuous order.
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