Business and the Business Environment Assignment with Tesco (GC0932)

Table of Contents

Introduction.

LO1.

P1 Explain different types and purposes of organizations; public, private and voluntary sectors, and legal structures

P2 & M1 Explain the size and scope of a range of different types of organizations.

LO 2.

P3 & M2 Explain the relationship between different organizational functions and how they link to organizational objectives and structure.

LO3.

P4 & M3 Identify the positive and negative impacts the macro environment has upon the business operations of Tesco, supported by specific examples.

LO4.

P5 & M4 Conduct internal and external analysis of Tesco in order to identify strengths and weaknesses

P6 Explain how strengths and weaknesses interrelate with external macro factors.

Conclusion.

Reference.

Introduction

An institution that is operated by a group of the person providing services to the customers in order to gain the desired goal is called an organization. The operating personnel of an organization has certain roles. If the roles of each person are done properly then the organization can reach its goal. In this paper, the business environment and its function of Tesco are described. Tesco is the leading retail company in the UK. Tesco was founded in 1919 by Jack Cohen. Besides the UK it has shops in seven countries across Asia and Europe.

The business environment of a business must change according to recent global marketing. The demand for retail shops has increased day by day. For survival in the competitive market, the organization must invent various marketing Strategies. Innovative ideas are very important for running a business (Sorensen, 2015). In this paper, various types of business organizations are discussed. The marketing strategies which are important in running a business are also discussed in this paper. The objectives and structure of different types of organizations are also focused on in this paper. The PESTLE and SWOT analysis of Tesco are analyzed. Various environmental factors and their impact on the business of Tesco are also discussed here.

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LO1

P1 Explain different types and purposes of organizations; public, private and voluntary sectors, and legal structures

Businesses can be defined as the financial activity of producing goods and services to satisfy the customers and earn profits. Anandarajanet al. (2015) stated that the business environment consists of different factors such as customers, resources, competitors, suppliers, distributors, industry trends, government rules and regulations, economy, population, innovation, and technology. Among these, the organization is greatly affected by human, physical, and financial resources. Tesco is an international retail chain shop. In order to perform well in the competitive retail market; pricing strategy, quality strategy, and marketing strategy are playing important roles. Mainly it is seen that the technological factors and government rules and regulations greatly affect the business. Customers are also one of the most important factors for an organization. The progress and development of a company rely on the satisfaction of the customers.

According to Craig and Campbell (2015), there are five types of organizations and they are private, public, government co-operatives, charities, and NGOs organization. Private organizations can be defined as the company which is operated by private individuals. Private companies can be subdivided into three types i.e., sole proprietorship, limited company, and co-operative firm. Government or government employment agencies operate public organizations. Tesco PLC is a public firm in the UK. The public companies drive their attention mainly in improving the conditions of the citizens and the country (Scheer, 2015). National Health Service is a public organization in England. Turret al. (2015) stated that the organizations which operate a charity, voluntary, and various communities are voluntary organizations. And these organizations are not operated for profit. Cancer Research is a voluntary firm in the UK……………..

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