EXPLORING BUSINESS ACTIVITY 1.0 Terms of Reference For this assignment I been asked by the manager to produce a formal report for two contrasting organisations Tesco and Cancer Research UK. 2.0 Procedure In order to complete this assignments I need to gather as much information as I can from different sources, such as course notes, internet and a Newspaper. 3.0 Findings The two organisations chosen are Tesco and Cancer Research UK. 3.1 Tesco 3.01 The Type of Organisation Tesco is a Public limited company (PLC), which means it is owned by shareholders and it is in the private sector Also known as the for-profit sector and Activities outside the public sector organizations and businesses that provide services and products based on market demands for a cost with the purpose of producing a profit for owners and shareholders in the organisations. Tesco is the biggest employer in the UK with over 250,000 employees and over 1,800 stores. Product innovation is not limited to Tesco’s food ranges, but its growing non-food ranges too have introduced choices of many new product lines: from sporting goods including equestrian equipment to new ranges of ‘homeware’ and recently PC software. 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. There are also services that Tesco sells for example, Telecoms, such as internet- broadband, internet- dial-up, home phone, mobiles on contract, mobiles on pay as you go, travel services, cars insurance, life insurance, home insurance, credit cards, loan, mortgages etc, which are all competitively priced. Tertiary sector of industry also known as the service sector or the service industry is one of the three main industrial categories an a economy, the others being the secondary industry manufacturing, and primary industry extraction such as mining, agriculture and fishing The tertiary sector of industry involves of providing a services or a product to businesses as well as final consumers. Services may involve the transport, distribution and sale of goods from producer to a consumer as may happen in wholesaling and retailing. Since the 1960s, there has been a large shift from the other two industry sectors to the Tertiary Sector in the UK. The other two industry sectors Primary and secondary sectors have either moved abroad where it is cheaper for goods to be manufactured or completely shut down because of consumer trends.
Tesco Direct 2. Groceries & Wine 3. Entertainment & Books 4. Finance & Insurance 5. Phone and Broadband 6.
Tesco PLC's Expansion in North Bracknell Introduction: Tesco PLC is an international supermarket not only selling high quality goods but has now also become one of the biggest job markets. As well as this Tesco has been running sub-projects to increase the level of customer care. [IMAGE] Tesco's main aims are shown by the steering wheel provided by their website (www.tesco.com). Tesco want to have good quality for value to earn their customers loyalty while still making a profit. I will be investigating the Tesco Superstore, petrol station, pharmacy and coffee shop in North Bracknell (Warfield).
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
[3] "Industrial Metamorphosis." The Economist. The Economist Newspaper Limited, 01 Oct. 2005. Web. 9 Dec. 2013. .
Tesco is trying to gain as high profits as they can because company investors or shareholders might thing about investing more money in to the business because of its success and development. Tesco wants to make its investors satisfied because it may affect business future.
High costs of doing business in the UK further led to the decline and failure of high street businesses. A report released by the British Retail Consortium, states that the overall cost of doing business for retail outlets in high street had risen from £96 billion in 2011 to £116 billion since 2006. Although in some cases lease rentals have remained unchanged or even declined, the government instigated rates rose by 2.8%, adding £175 million to the retailers’ bills overnight (Wood & Inman et al. 2011).
The Relationship between the Structure, Culture, and Management Styles in Tescos There is a clear relationship between the structure, culture and management styles in Tescos here are some examples showing this: Tescos uses power culture which has a top down (tall structure) whereby objectives are determined by the individual or individuals. This structure is also linked in with an autocratic management style as this structure tends to have a ‘them and us attitude’ which depends on where individuals stand in the hierarchy. Tescos has also adopted role culture which is structured in a hierarchal way and is divided into a number of functions which ties in with a democratic style because of the multidirectional flows of communication between organisational members means there is more likely to be a team approach. This also inter relates with the ‘flat structure’ Tescos has adopted which refers to the number of levels within the hierarchy of an organisation whereby everyone’s role, position and responsibility is made clear so that there is a clear chain of command. These cultures help Tescos to meet a range of objectives from being market leader to maximising sales and profits.
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 ...
Note: There have been many questions about this homework assignment. Thus, clarifications are posted below in red type. When you answer these questions, bear in mind that each one only counts four points out of 1000 total points for the course. Thus, each one should have a concise answer. No need to write a dissertation.
This essay will focus on two companies Tesco and Chester Zoo. I am writing an essay to identify and describe these two companies. I will look at their ownership and explain how the businesses are organized to achieve their purposes. I will also compare both of them to find out the differences between these two companies.
They are highly skilled in areas of design, technology, training, and research and development. In addition, Tesco has a superior presence in the area of manufacturing.
It all sounds like a lot to cover in a short essay so I will introduce a company
Economic factors are crucial to Tesco since they are directly related to profits, costs, prices and demand. One of such factors is unemployment rates. Following the economic downturn the percentage of unemployed people have grown rapidly in the UK as well a...
In my discussion, the main types of organizational strategies and structures will be listed and how they have impacted on Unilever’s improved performance and growth in recent years.
The other day I walked into the supermarket to buy a box of Kleenex. I was faced with a variety of colors, textures, box designs, and even the option of aloe. All these features designed for a product to blow my nose into! Selection wasn't limited to the Kleenex section, either…I found abundance in every aisle. We seem to always want more - more choices, more variety, more time. In fact, even the word "supermarket" implies a desire for more than just a simple market.