Unit 1 Business and the Business Environment Assignment with Tesco (GC01214)

Table of Contents

Introduction.

P1 (1.1): describe the type of business, purpose, and ownership of two contrasting businesses.

Conclusion.

P2 (1.2): describe different stakeholders who influence the purpose of two contrasting businesses

Stakeholders of Tesco Plc.

Stakeholders of Heart to Heart Community Care (HHCC)

D1 (1.1.1) Influence of stakeholders in Tesco Plc.

M1 (1.2.1) Influence of the stakeholders to aim and objectives.

P3 (2.1): describe how two businesses are organized.

P4 (3.1): Explain how their state of organization helps them to fulfill their purposes.

Different Structure Types.

P5 (4.1): describe the influence of two contrasting economic environments on business activities within a selected organization.

Impact of gloomy economic circumstance on Tesco Plc.

Impact of boom economic situation on Tesco Plc.

M2 (3.1.1): compare the challenges to selected business activities within a selected organization, in two different economic environments.

P6 (4.2): Describe how political, legal and social factors are impacting upon the business activities of the selected organizations and their stakeholders.

M3 (4.2.1): analyze how political, legal and social factors have impacted on the two contrasting organizations

D2 (4.2.2): evaluate how future changes in economic political, legal, and social factors, may impact on the strategy of a specified organization.

Conclusion.

Introduction

Tesco is one of the world’s biggest retailers founded in the UK in 1979. It has employed more than 530,000 people, where it serves over 80 million customers in its stores and online every week. Tesco is operating in 11 countries at this moment, which are Tesco UK, Tesco in India, Tesco Malaysia, Tesco Lotus, Tesco Czech Republic, Tesco Hungary, Tesco Ireland, Tesco Poland, Tesco Slovakia, Tesco Kipa, and Tesco China (Tesco, 2018).

Heart to Heart Community Care (HHCC) is a non-profit organization that provides services to migrant workers and their families in Kunming, China. Registered by Yunnan’s Department of Civil Affairs since 2005, HHCC uses a community-based social service approach, and in addition to providing a broad range of services, also participates in research and policy advocacy. Heart to Heart Community Care’s vision is to work hand-in-hand, shoulder-to-shoulder with the migrant worker community to improve their quality of life and help them attain dignity, personal value and social security

P1 (1.1): describe the type of business, purpose, and ownership of two contrasting businesses

This section describes the type of business purpose and ownership of two contrasting businesses. In this case, a profitable organization called Tesco Plc is contrasted with a non-profitable organization called Heart to Heart Community Care (HHCC).

The key contrasted between Tesco Plc and Heart to Heart Community Care (HHCC) is outlined as the table below:

Conclusion

The key finding is that Tesco Plc is profit organizations whose key aims to gain increased revenue and profit through gaining improved market share and customer retention. On the other hand, Heart to Heart Community Care (HHCC) is a charitable organization whose key aim is to provide services to migrant workers and their families in Kunming, China.

P2 (1.2): describe different stakeholders who influence the purpose of two contrasting businesses

Stakeholder refers to a person, a group, or an organization that has concern or interest in business activities, aims, and purposes (Kotler et al., 2017). A stakeholder can affect or may impact my business aims and objectives, activities, and action, policies. The key stakeholders of a business are employees, customers, creditors, directors, government, owner, community, suppliers, unions, suppliers, etc. Stakeholders may have both positive and negative impacts on business performance (Palmer, 2014).  The stakeholders of Tesco Plc and Heart to Heart Community Care (HHCC) are below:

Stakeholders of Tesco Plc

Customers

The customer is the key stakeholder of Tesco Plc. It serves millions of customers every week in its thousands of stores. Customers are looking for excellent services with value-added product features.

Suppliers

Tesco Plc is depended on different suppliers to buy its raw materials and products. Suppliers are trying to bargain lots as Tesco Plc depends on them.

Government

Government and local authority who are making policies for the businesses. Government and local authority are imposing many regulations on business which give challenges and impact on business performance……………..

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