Unit 1 P1 Tesco

Unit 1 assignment A

P1

Introduction to the businesses

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

to one of the 6.9thousand stores available to buy their food and other things. Tesco is a Public limited company which implies that it is a huge organization which will have a huge number of stores everywhere throughout the UK and some in different nations; they will likewise have vast capacity distribution centres. Tesco will have a great measure of shareholders everywhere throughout the world and open records which anybody can store and pay towards the company, and these elements all consolidate to make them into a restricted obligation organization. They will have limited liability due to all these factors.
Cancer research is a charity which is based in the UK formed in 2002 which aims to bring awareness to cancer and help the scientific research of cures, as well as making the number of deaths from cancer goes down in results of funding which goes to premium medical care for all the different types of cancer. They also help families be better during time of having one of their loved ones in care with a type of cancer and they give them support to help them through the whole process no matter what happens, some of the funding will go towards counsellors to explain their feeling, but the majority of what cancer research do is to do with the funding of the research of cancer. It is a charitable trust which means they are exempt from tax and trustees and founder do not profit or make personal financial gain from any of the funding which has gone into the company. Although some employees will have a wage.

Do they offer Products and services?
Tesco offer a range of products and services due to the fact they want to maximise profits and reduce the risk of the business going corrupt because of the reason they only have one thing to sell e.g: fruit and veg, this shows Tesco have expanded a lot to reduce that risk, they have many sections to the business which offer more than everybody’s usual groceries. The products that they offer are a range of electrical products for the house, groceries for everybody’s everyday food needs, home ware to look after the home and to have to improve the quality of home life and clothing .The services that they provide are quite vast which again going back to the fact of reducing the risk of the business going corrupt due to not enough profitable sectors. They offer a banking and insurance service which people feel very comfortable in using due to the fact they are with their most likely, usual supermarket for groceries so they then think that the banking and insurance system will be as good as their products. Tesco give a to the door click and collect delivery system which a lot of people use if they don’t have the time to go to the store themselves, so an example of this is someone who times the delivery of their products to come as they come back from work. They offer a mobile and broadband service as well which again the same thing as the banking and insurance, they feel comfortable with them because it’s where they shop. The mobile service offers discounts due to the fact someone may shop there a lot and gain points. They also have an optician’s service so people can get their eyes checked, and petrol stations which have discounts for people off of each litre due to how much they have bought or something like that. Overall all these products and services are to reduce risk of loss of profits and business money and to improve customer’s quality of life.
Cancer research offer some products through some outlets, these consist of charity shops, hand outs at events. In charity shops people donate clothes to them, this may be because of how they simply don’t want them or they are struggling to sell them, so people can buy these clothes and all the fund will go to charity to fund the research which will make the overall goal of cancer research be closer through all the funds being collated and donated to different departments of the aims. They also offer different things such as handouts with little bits in a bag at the end of events for people. Cancer research give new medicines and treatments which have been researched and trialled as successful, this is for people who are usually suffering from a very weak type of curable cancer and these new treatment products will speed up the process of healing up and then again will be able to be used for research when these results come in from their new medicines.
Purposes of the businesses:
The purpose of Tesco is to have a supermarket which caters to everyone’s needs with a range of products and services which help improve the populations quality of life and therefore make Tesco a more popular business, another thing they do is to make the best value of money, although this may be very much lowballed by supermarkets such as Aldi and Lidl, they still attract many customers because of how popular they have been over am long period of time. Facts have shown they serve 66 customers a second which means customer service is very key to them and something that they are very serious about.
The purpose of cancer research is to reduce the number of deaths and incidents of cancer in the UK from funding of research which helps the new cures be made and made harmful cancers less harmful due to the funding.

They also have the purpose of making families less stressed during the period of time when they have a member of their family who has cancer. The overall purpose of the company is to Research cures and help towards cancer.

The sector they operate in:

The supermarket Tesco operates in the tertiary sector which is where all the final products are sold to customers for a price higher than production to make company profits, they can also be part of the secondary sector which is the way they sell their own products which come under the Tesco brand.

The sector which cancer research operate in is quaternary and tertiary, this is due to the fact that they do research for cures of different types, and they also operate within the tertiary sector which means they sell the clothes in the charity shops.

The scope of the

businesses:
The scope of the Tesco business is a multinational business which have shops and supermarkets in other countries and over 6500 in the UK, this shows its huge scale and how it can pretty much tackle any task at hand with the extensive amount of work power it has. Tesco is a business whose scope is rapidly increasing due to the new placement of supermarkets in Asia, Europe and other continents, their profits can sometimes skyrocket due to this.
the scope of cancer research is an international business because they have links with many with other clinics and researchers in other countries to help with the goals and aims of the company, but they mainly focus on treating people within the UK to help the amount of deaths from different cancers go down in the UK, this aim is more so achievable with the more funds they get.

Aims and objectives:
The aims of Tesco is to create more stores in continents such as Asia and more of Europe, this will increase their profits being as they are a profit business. They want customers to get the best quality of life whilst using their services and buying their products, they have created schemes which fund their customer when they buy certain things and this then creates more of a flow of constant customer which is one of their aims, The Tesco business is a rapidly growing company and with the objectives to make more stores and markets around the globe this will make them reach their disclosed profit margins and yearly earnings.
The aims of cancer research is to make the number of deaths from the different types of cancer go down. They also want to fund highest-grade professional’s researchers to look into new cures for different types of violent cancers and they want to make cures for cancers which are already curable but make them more effective and efficient. They want the people of the UK and all over the world to benefit from new and improved medicines and treatments and survive and cope with their different forms of cancer.

How do each of the businesses differ from each other?
Cancer research is different due to the fact they are a non-profit business which rely on funds and charity money to pay for the research which helps their aims and objectives. Whereas Tesco is a profiting company due to the fact they are a supermarket which sells products instead of receiving non-profit funds, this means Tesco is a profiting company .The second difference is how Cancer research work in the quaternary and tertiary sector and Tesco work in the secondary and tertiary, both of these businesses provide services which help the public but one does it through research and Tesco does it through sales. There is a significant difference when it comes to scope and size, cancer research is a UK based charity and Tesco is a UK based supermarket but the charity work mainly for the people of the UK and help people suffering from cancer in the country, although they may have funders all over the world they are only an international company, Tesco and a multinational company because they have supermarkets in other countries other than the UK in continents such as Asia and the rest Europe. The size of cancer research is about 6000 employees and 40,000 volunteers with an overall revenue of 634million pounds whereas Tesco has 476,000 employees and an overall revenue of 54.4billion pounds, this fact here shows a massive difference between the working and gains of one of the biggest charities and one of the largest supermarkets, this difference is caused by the obvious main reason which is cancer research is for non profit and Tesco gets all profits which is why the revenue is so much higher.
The type of ownership of each business and what type of liability?
Tesco supermarket business is under a company type called a public limited company, a lot of these companies are the biggest in the nations which they are based, they have a large amount of shareholders which then have public accounts which anyone can invest a share into the company to profit whereas which private companies you will usually only invest if you are family, friends or business associates. They have limited liability due to the fact that they a public company if they were a private company then they would have more so because its friends and family who are managing the accounts, Tesco has professional people to control the money flow in these accounts to stop anything bad happening.
Cancer research is under the category called a charitable trust which means they are exempt from tax, this factor of the company means that none of the funds which are donated to them will be taxed and will keep the whole amount of the funds to go towards the aims and objectives of the charity. All of the trustees and founders of this company cannot make any personal financial gain from the company profits this means that when they have a donation come in they cannot take a cut from it otherwise it will go against the actual laws of making a charitable trust. Managers and employees of the charity will main financial gain because it’s a job for them so they will have a set wage and the money will be taken out of whatever other type of funding they have. The liability of the company is none because of how they are a charity they do not profit so nothing can go wrong with money because all the money goes towards the research of cancer and the care of cancer patients.
P2:
Explain how two contrasting businesses are influenced by stakeholders? And what do they want to change?
Tesco’s external stakeholders could be a supplier such as Walkers crisps, these may have an interest in each supermarket company, this is so they will make some money from the profits of the company because of the share that their crisps have in the company, They will want to make more money for their business and request that they have a long term relationship with Tesco and want to have steady on time orders and payments to keep that strong positive relationship with them.

Customers will have certain needs which want met because they are interested in the business because its where they shop, they may demand lower prices or better value for money , new and improved products could be something they want because they are loyal to the supermarket so they want to see it improve and get better over time. Employees are also a part of the stake hold system, they will request higher salaries, better working conditions and job security and even in some cases they will want a job

promotion.
Tesco’s internal stakeholders are Employees, they will request higher salaries, better working conditions and job security and even in some cases they will want a job promotion. There are also owners who are all out for profit and profit only in the business this is due to the fact that that business i their source of income and want it to succeed. Managers also play a part in the stake hold system the way that they want all the departments in Tesco to succeed and help towards maximising profits and they would want their area of leadership to be great so they could get a pay rise or a promotion to even higher.
Cancer research will not have as many stakeholders as Tesco by a long way due to the fact there is no actual profits of the business for people to benefit from as such. The owners and managers of Cancer research will want the charity to get as many funds and donations as possible so they can get closer to their goal, this is their interest in the business. The population all have an interest in the company due to fact a lot of people have had to deal with cancer and everyone can name at least one person who have had cancer, so the interest is to donate to the charity to make them get closer to their goal which is to get less people dying from cancer and make the disease be curable in all its forms from research with funding from the public. Employees want the company to make as much money from people as possible so they will organise events and other fundraising events which make the charity get more donations. Suppliers of cancer research would want their medicines and products to be clearly promoted by the company because they have an interest in the research and how cancer needs to be ended.
How different stakeholders need and want to influence the business:
The customers of Tesco want the prices to be lower and to get the best value for money, these customers have changed how the company works by having certain reduced items and