Unit 1 Business Level 3
The Business Environment 1 of 4
In this assignment, I am going to be exploring the purpose of Tesco and The British Heart Foundation. I will be looking into the influence of stakeholders and how the businesses organise themselves through strategic planning and organisational structures to achieve their purpose and aims.
Tesco is an international Public Limited Company. Tesco has over 500,00 employees in 12 countries. Under the Tesco Group there are a number of sister companies such as Tesco Ireland, Tesco Poland and Tesco Lotus. In addition, Tesco offers other services such as Tesco Bank which is also a part of the organisation. [1] From my research, it states that Tesco is a part of the tertiary sector as it is retailing by selling a range of products from groceries to electronics. Tesco also offers services such as loans with Tesco Bank .In my opinion it’s also is a part of the secondary sector . For example, Tesco bakes fresh bread on site and then sells in its sorts so therefore it is a part of both of these sectors. Additionally Tesco has its own Mobile Network which offers Pay as you go and Pay Monthly options. You can also buy mobile devices such as the iPhone 5C. [2]
The British Heart Foundation is a national Charity (Not-for-profit organisation) in the tertiary sector. TBHF has approximately 20,00 volunteers in its 765 stores in the UK. [3] Apart of these stores are volunteers but they also have paid managers and assistant managers. The stores rely on donations from the public to sell products in its shops. They have some specialised Furniture stores that solely sell furniture. They also sell a wide range of items in its standard stores for the home such as ornaments, kitchen goods and various other items.
Tesco is a Public Limited Company. This means that the stakeholders will have limited liability to the company. Therefore this separates the stakeholder’s personal assets from Tesco. For example, if Tesco became into debt and was to close, the
In this assignment, I am going to be exploring the purpose of Tesco and The British Heart Foundation. I will be looking into the influence of stakeholders and how the businesses organise themselves through strategic planning and organisational structures to achieve their purpose and aims.
Tesco is an international Public Limited Company. Tesco has over 500,00 employees in 12 countries. Under the Tesco Group there are a number of sister companies such as Tesco Ireland, Tesco Poland and Tesco Lotus. In addition, Tesco offers other services such as Tesco Bank which is also a part of the organisation. [1] From my research, it states that Tesco is a part of the tertiary sector as it is retailing by selling a range of products from groceries to electronics. Tesco also offers services such as loans with Tesco Bank .In my opinion it’s also is a part of the secondary sector . For example, Tesco bakes fresh bread on site and then sells in its sorts so therefore it is a part of both of these sectors. Additionally Tesco has its own Mobile Network which offers Pay as you go and Pay Monthly options. You can also buy mobile devices such as the iPhone 5C. [2]
The British Heart Foundation is a national Charity (Not-for-profit organisation) in the tertiary sector. TBHF has approximately 20,00 volunteers in its 765 stores in the UK. [3] Apart of these stores are volunteers but they also have paid managers and assistant managers. The stores rely on donations from the public to sell products in its shops. They have some specialised Furniture stores that solely sell furniture. They also sell a wide range of items in its standard stores for the home such as ornaments, kitchen goods and various other items.
Tesco is a Public Limited Company. This means that the stakeholders will have limited liability to the company. Therefore this separates the stakeholder’s personal assets from Tesco. For example, if Tesco became into debt and was to close, the