Unit 1 Task 1 P1 Task = “Describe the type of business, purpose and ownership of 2 contrasting organizations” For this task I have chosen Tesco to be my organization from the Large private sector and I have chosen the Post Office to be my organization from the Small public sector. Organization 1 – Tesco What type of business is Tesco? - Tesco is a Public Limited Company (PLC); this is usually a small business and their shares are sold freely to the open public as they can easily purchase their shares and most PLC’s are able to earn a fairly large amount of Capital at a quite fast pace which is good. What is the size of Tesco’s business? - Now, Tesco as become more widely popular overtime in the UK since it was first invented and has since …show more content…
What type of ownership does Tesco have? - Tesco is a Public Limited Company that is verified onto the stock market; this ultimately means that Tesco is owned by thousands of different people because of it being a PLC and moreover it is also owned by the shareholders that fund Tesco. Does Tesco have limited or unlimited liability? - Due to the fact that Tesco is in the tertiary sector it has limited liability; this means that if they get sued by an unhappy customer the “higher people” on the executive’s board will deffinatley not be affected it also means that the owners do not have to pay any debts towards the business as they are not responsible (whereas if this was unlimited liability they will be 100% no matter what). It will only negatively affect the company not the owners. What are Tesco’s aims? - Tesco’s aims are to maximize their profits as much as they can and increase their market share all whilst gaining their customers
Tesco is a UK based Supermarket Company which was founded in 1919 by Jack Cohen, since then it has grown to become a multinational company which specialises in a lot more than just groceries, this has improved the overall profit of the company. The overall employees recorded at the end of 2015 was 476,000+, this shows that is a source of employment for nearly half a million people in the UK. The supermarkets are no longer just in the UK they also have shops based in Malaysia, India and Poland, this presents that they are increasing the size of business to a multinational company and is also a good source of jobs for people in poorer countries. In the world over 75million people travels
Tesco must also follow their statutory duty which ensures that their employees have adequate welfare facilities. Employees also have specific duties they got to follow by law which includes them to take reasonable care for health and safety for them and the people around them, they must also co-operate with the employer or any other person to enable the employer or other person to perform or comply with any legal requirements.
The fact that the U.K is in the process of leaving the European Union, means that it will greatly affect the stock that is sold in most supermarkets. This stock mainly involves fruit and dairy but Sainsbury’s mainly sources its stock from british farmers
In terms of strengths, TESCO has a very strong market position, holding more than 28% of the market shares in the grocer sector (Market Watch, 2016). This, in combination with the variety of store front styles that the brand is using, places them in good stead to continue to capture a large percentage of the total revenue in their market. In contrast, however, ASDA is offering a more diversified total line of products, or market offerings, which means that they are not only competing in the grocery niche but other niches as well. However, they are seen as a big-box store, and their failure to provide other store front styles is a major weakness, as big box stores are generally faltering across the UK in favor of stores with a more home-town feel (Hayward, 2015).
There are a variety of political factors affecting Tesco such as employment legislations. This means that the government urges retailers such as Tesco to provide a varied number of job opportunities. These opportunities includes job flexibility, lower paid jobs, higher paid job for those who are highly skilled and locally and centrally based jobs.
Tesco’s activity is productive service factors, therefore, operation may be attacked on a second chance, and every day to make the services and products provided at open, according to time cage, the task of the stock market. To achieve the further advantage of the competition, Telco should considers in working time in these places, it is not ...
Tesco's general development and ROI hint at no halting: In the UK, Tesco's late 2002 financing into West-midlands based comfort store bunch T&s was charged as the most forceful move into the area advertise by an enormous name store as such. The arrangement has transformed Tesco into the nation's second greatest accommodation store network after the Co-agent Group, and the organization likewise plans to open up 59 new stores in the UK not long from now. Tesco has developed its non-sustenance division to the degree that its wages now add up to 23% of aggregate gathering income. Tesco's worldwide business part is developing consistently, and is anticipated to include/give almost a quarter of gathering benefits throughout the following five years. On the off chance that land spread keeps on growwing, this will guarantee Tesco's proceeded (identified with a huge territory) quality.
Tesco also has various and wide range of products and that is to meet customers’ needs of whatever customers intend to buy, nearly whatever customer intends to buy would find it underneath one ceiling (at Tesco). On the top of selling groceries Tesco sells others products such as, books, CDs, DVDs to buy, DVDs to rent, games, flowers, electronics, cosmetics, etc.
According to Tesco’s key performance indicators in its 2012 annual report, Tesco was able to retain 90% of its employees in the UK (Key Performance Indicators, 2012).
Tescos geographic is semi rural and urban. This is because the majority of families live in these areas so this is why there are based here. They attract customers by using the penetration which is selling products are a low price so more people come and buy there and then at a later date increase the price but have gained a few customers in the process.
Tesco is the largest retailer in UK. It is a public limited company which sells multinational grocery, health and beauty product, household items and toys etc. Since Jack Cohen founded Tesco in London’s East End at 1919 and now it has sprouted branches in 12 countries with over 7,800 stores include franchises. Tesco hire over 530,000 employees and they serve over tens of millions customers per week. Tesco
Tesco is a public limited business and therefore is in the tertiary sector as it provides a service to the public, this means that the business is owned by many shareholders. Tesco sell their shares on the stock exchange and are number one out of its competitors in terms of number of shareholders. Having a high amount of shareholders means that the business needs to make and retain profit levels high so that they trust and gain loyalty to the
Tesco has been particularly successful because of its powerful brand. It has a reputation for value, low prices and for being customer focused. Its brand and associations have helped the company to expand into new sectors and markets. Tesco has also been strong in public relations, advertising and building profile in catchment areas on a local level. This local approach to marketing appears to be a key driver for success. Tesco has a good range of products, including own label products. It seeks to provide excellent customer service, and ensure high levels of customer satisfaction.
According to Cooper and Owen (2007) accountability is a somewhat unclear term. This is not because the exact definition of being accountable ‘required or expected to justify actions or decisions; responsible’ (Oxforddictionaries.com, 2014) is hard to understand, it is because the question still remains as to whom is the accountable person is supposed to justify their actions to? Three parties can be identified as possible recipients of this justification: The shareholders, the stakeholders and society in general (Cooper and Owen, 2007). If the first party (the shareholders) is the one Tesco were accountable to then Tesco can be perceived to have done nothing wrong as their primary objective may have been to maximise the wealth of the shareholders . However if the shareholders were not the recipients of the accountability and the stakeholders and society in general are Tesco has come without a doubt committed a wrongdoing.
In addition, there is a moderate presence of organizational capability. In the intangible section, Tesco Corporation has a strong presence in human, innovative, and reputation resources. Furthermore, Tesco has a valuable strong capabilities. The core competencies are key to a company’s sustainability. Tesco has a presence of a high level of capabilities. They are high in areas of design, technology, training, and research and development. In addition, Tesco has a superior presence in the area of manufacturing.