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

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

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

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

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

Tesco Culture Analysis

1509 Words | 7 Pages

2. Overview of Tesco Tesco

Read More

Tesco Strategic Report

1399 Words | 6 Pages

According to Tesco’s strategic report, the total sales for the year was 69.7bn and profit was 1.4 bn and Tesco Plc.’s net debt was (8.5 bn), these information will be helpful to some of Tesco’s primary stakeholders like the owners and the investors; as owners, they would want to know the position of the company and also will help them determine any future course of action and Investors want to make sure they can earn a reasonable return on their investment before they commit any financial resources to the company. Tesco plc. ’s strategic report also showed the number of employees and the number of shops around the world, which was 517802 and 7812 respectively. Tesco used 6 simple performance indicators instead of the steering wheel method, which they thought was too complex.

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

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

Strategic Analysis Of Tesco

2170 Words | 9 Pages

Tesco’s UK market share is 28.8% (BBC, 2014) which has fallen in the last three years (Ruddick, 2014). Tesco’s profitability has fallen, with a Gross Margin of 4.73 far below industry average (Reuters, 2014). Shareholders have experienced a decrease in EPS, with Tesco’s PE ratio falling below industry and sector average (Ibid). In terms of employee capability Revenue and Net income per employee are below industry average (Ibid) reflecting poorly on managerial performance. Essentially over the last three years sales have been increasing but performance, profit and EPS have been decreasing, therefore Tesco are not currently achieving the third corporate objective.

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

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

Case Study: Unilever

1081 Words | 5 Pages

UNILEVER What is Unilever? It is the one of worlds biggest consumer goods company and it’s increasing his percentage in world market everyday. About 2 billion people chose Unilever and uses it’s products. It’s founded in 1930 with the unification of Margarine Unie and Lever Brothers (an English soap company).

Read More

More about Tesco: Unit 1: The Business Environment

Open Document