ipl-logo

Tesco: Unit 1: The Business Environment

805 Words4 Pages

Unit 1: The Business Environment Task 1: Describe the types of business, purpose and ownership of two contrasting businesses. Tesco is a profitable British global company and is the third largest retailer in the world measured by profits. Brockenhurst is a non-profitable local organisation located in the New Forest run by the government. Tesco 's is the grocery market leader in the UK where it has a market share of 27.8%. (Tesco 's was founded in 1919 in London and Jack Cohen bought a plot of land in 1934) since then the supermarket has expanded. The first supermarket was built in 1950 and subsequently it grew. Today there are 3,739 stores in the UK with over 310,000 colleagues. There are in excess of 6,000 stores worldwide. Brockenhurst …show more content…

' The main aim for the firm is to stay as the UK 's leading supermarket and provide good quality services and products at a low cost so that they are cheaper than their competitors. Their objectives are to maximise sales which will increase their profits. They want to decrease their prices to make shopping cheaper for the average household. They want to introduce healthier products which will attract more customers and they want to help reduce food waste worldwide and guaranteeing surplus food goes to those in need. Brockenhurst college has many community values *********** Tesco is a public limited company (PLC) which means the public can buy shares in the firm. It is in the tertiary sector as it offers a service to customers however they do come under the secondary sector as they manufacture and sell their own products e.g. Tesco value, Tesco finest etc. Brockenhurst college is in the not-for-profit sector as it is an organisation run by the government and it provides society 's needs. The college is a service which means it is in the tertiary …show more content…

Tesco 's ownership is owned by several partners due to it being a PLC. Thousands of people have shares within the company which means it is owned by shareholders who fund the company. The advantages of this ownership are being a PLC means you have limited liability which means you only lose what you put into the company. It is easier to access capital as you can raise share capital from existing and new investors. Shareholders are able to buy and sell their shares which can sustain the liquidity of the business. As well as advantages there are disadvantages of being a PLC. As information is shared on the stock market the public can analyse the corporation actions which may cause a public chaos. Another disadvantage is that ownership and control is lost when a number of shares in the company increase. This means the directors of the company may lose control of the direction that Tesco wants to be in and they may face

Show More
Related

  • Business Btec Business Level 3 Unit 5 P5

    2302 Words  | 10 Pages

    The net profit margin can affect its employees in a positive way as the employees would not have to worry about losing their jobs as Tesco wouldn’t be in red alert in terms of controlling its expenses. Employees could also potentially be given a pay rise should the company afford to do so by retaining its profits at the same time. A high net profit margin could also increase the number of employees in Tesco as more people would want to work for the company as they know their jobs will be safe and Tesco will be able to afford to pay them. Suppliers

    Read More

  • Btec Business Level 3 Unit 1 P4 Business

    940 Words  | 4 Pages

    P6 Tesco/ Kirkwood Political Tesco operates worldwide so the global political factors influence the performance of the business. Which include tax rates, acts of legalisation and the stability of the county the business operates in, because of the ongoing financial instability in the world and a lot of the governments encourage the retailers to create jobs for the country. Tesco can create opportunities for employments which also increases the demand for their products and diversifies its workforce. One example of political is to increase or decrease in tax. The government might increase taxes for some company and decrease for others, this will have an impact on Tesco so they need to always stay up to date with political factors

    Read More

  • Unit 2 M2 Business Report

    1362 Words  | 6 Pages

    The open doors that Tesco countenances are Communication. It is vital that Tesco speaks with its client adequately with the end goal them should do this online they have to offer clients diverse dialect setting on the web. Having the choice of a dialect highlight accessible on their site

    Read More

  • Business Level 2 Unit 2 Sainsbury

    1221 Words  | 5 Pages

    UNIT 2: BUSINESS RESOURCES Unit 2:P1 1. JOB DESCRIPTION A. A job description is a description of a job and what skills an employee is required to get the job. B. The purpose of a job description is to show somebody who’s is interested in the job what personal and employability skills the employees has to have to be able to apply for this job.

    Read More

  • Porter's Five Forces Of Tesco

    1680 Words  | 7 Pages

    Tesco is amongst the largest food retailers in the United Kingdom (U.K) with over 3,400 stores and staff amounting up to 310,000. Tesco operates predominately in Europe and America with their headquarters located in the U.K. Tesco has the greatest market share in the U.K dominating approximately 28% of the overall market at the end of 2017. However, there is a constant battle in the highly competitive U.K supermarket industry with the four major players being Tesco, Sainsbury, ASDA and Morrisons. In recent years, Tesco has had to change their business model as well as their services to stay a market leader and differ-entiate from the competition. To find the main sources of competitive advantage that Tesco has over its competitors an analysis of the structure of the industry should be under-taken (Porter, 1980).

    Read More

  • Case Study: Coles Supermarket Australia Pty Ltd.

    1328 Words  | 6 Pages

    Coles Supermarket Australia Pty Ltd is an Australian supermarket, owned by Wesfarmers. It is commonly known as Coles and was founded on 9th April 1914 in Smith St, Collingwood, Victoria. Till now, Coles has operated over 700 stores throughout Australia and employs over 100,000 employees. It controls 35% of Australian supermarket industry. Coles was founded when George James Coles opened the Coles Variety Store on the street in Melbourne.

    Read More

  • Role Of Empathy In Tesco

    915 Words  | 4 Pages

    They know a lot about construction, defending and repairing reputations (Decotiis, 2008). The favourable corporate reputations result of effective leaders, dedicated employees, superior service and products, high ethical standards and high levels of socially responsible actions (Garcia, 2007; Greyser, 1999). Tesco needs to rebrand themselves to better accommodate and fit changing times. There are considerable threats to Tesco corporate reputations. These include the behaviour of executives, dissatisfied employees, disgruntled customers and clients, low quality products or services, rumours, innuendos, and lies spread by disgruntled employees, customers or competitors.

    Read More

  • Publix Executive Summary

    191 Words  | 1 Pages

    Company Overview Publix Corporation is consider to be a leading grocery store in the industry. Publix Corporation ranks on the top list of Fortune 500 best companies to work for. Our company currently operates throughout the United States, and is currently seeking to explore business opportunities internationally. Publix Corporation currently prides itself on being a family oriented, and a great place to buy fresh food, while sampling simple ready to eat meals.

    Read More

  • The Three Types Of Business Ownership

    1373 Words  | 6 Pages

    Within the contract it often states which member of the partnership has invested what into a business (capital items). One of the main advantages to having a partnership owned business is that shared responsibility comes with this type of ownership. Due to this it can be easier to overcome problems as well as sharing the overall stress which come alongside owning a business. Business decisions can be consulted within a partnership whereas in a sole trader ownership it is down to one person. However disputes can arise when there are multiple opinions within the ownership of a business, disputes can also rise over the amount of effort put in by certain members of the partnership compared to the others.

    Read More

  • How Does Tesco Use Contractual Entitlements

    2047 Words  | 9 Pages

    An employee in Tesco’s would leave if they have been, dismissed, on maternity leave or they just are sick. Tesco’s would have to pay the employees on leave and they also have to hire someone to fill the vacancy, which means that this will reduce business profits because the person on leave and the replacement would be getting paid. If someone was on maternity leave then HR would also have to do recruitment and selection because they need to fill a vacancy that is going to be there for a long time. If an employee was to leave the business they would have to give a notice period to the employer so that they can have the time to find someone to fill the space.

    Read More

  • Tesco Training Case Study

    1007 Words  | 5 Pages

    TRAINING: DEVELOPMENT: Training is the acquisition of knowledge, skills and competencies as a result of teaching. Training is a program organized by the organization to develop knowledge and skills in the employees as per the requirement of the job. Development teaches how to become more productive and effective at work and at the company. Since Tesco aims to expand and diversify, that required the business to select the right people, in the right place, because customers’ needs and wants are different and the culture of each area varies. Tesco need to have flexible employee who are able to adapt the change in order to satisfy the customer.

    Read More

  • Porter's Five Forces In The Supermarket Industry

    1484 Words  | 6 Pages

    This industry will be faced challenged when the location is not easy to be reached and the population of the areas are not much as expected. For example, the Aeon supermarket at Mid Valley Megamall Kuala Lumpur, the sales of this location is guaranteed as the population daily at Mid Valley Megamall in 120,000 peoples approximately (malaysiandigest, 2014). Other than that, most of the supermarket are operates or leasing in a popular shopping malls. This is because peoples nowadays are not going to supermarket on usual day or without purposes. For instance, Giant hypermarket at Plaza Sungei Wang is a good example.

    Read More

  • Tesco Culture Analysis

    1509 Words  | 7 Pages

    2. Overview of Tesco Tesco

    Read More

  • Performance Management System: Tesco

    1831 Words  | 8 Pages

    Tesco has built a lot on the strength that has developed as a market leader in the UK supermarket sector. Tesco makes sure their business all over

    Read More

  • Value Chain Analysis Of Unilever

    976 Words  | 4 Pages

    The value chain analysis indicates the firms that strive to create superior products or services through focused differentiation strategy. To ensure the activities are tailor to the strategy Value Chain is used. How each activity generates value and linked to the strategy in UFS? Table 4: Value Chain Analysis Primary Activities

    Read More

More about Tesco: Unit 1: The Business Environment

Open Document