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
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.
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.
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.
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.
This industry will be faced challenged when the location is not easy to be reached and the population of the areas are not much as expected. For example, the Aeon supermarket at Mid Valley Megamall Kuala Lumpur, the sales of this location is guaranteed as the population daily at Mid Valley Megamall in 120,000 peoples approximately (malaysiandigest, 2014). Other than that, most of the supermarket are operates or leasing in a popular shopping malls. This is because peoples nowadays are not going to supermarket on usual day or without purposes. For instance, Giant hypermarket at Plaza Sungei Wang is a good example.
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.
Without having a good communication, proper information and effective knowledge company can not get the successes in the market. But the Tesco is the big company in the market. They have already had get the successes in the market so they have to maintain that successes and they are making the higher goals that have to be achieved. Tesco also needed a good communication, effective information and effective knowledge.
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.
Tesco is amongst the largest food retailers in the United Kingdom (U.K) with over 3,400 stores and staff amounting up to 310,000. Tesco operates predominately in Europe and America with their headquarters located in the U.K. Tesco has the greatest market share in the U.K dominating approximately 28% of the overall market at the end of 2017. However, there is a constant battle in the highly competitive U.K supermarket industry with the four major players being Tesco, Sainsbury, ASDA and Morrisons. In recent years, Tesco has had to change their business model as well as their services to stay a market leader and differ-entiate from the competition. To find the main sources of competitive advantage that Tesco has over its competitors an analysis of the structure of the industry should be under-taken (Porter, 1980).
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.
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.
Managing Supply Chain Management: Coles/Woolworths vs. Suppliers Introduction Coles and Woolworths are too leading supermarket giants in Australia. In the world Coles and Woolworths ranked 19th and 15th among the selling retailers (Knox, 2014). Coles has started first supermarket in 1960 and till 1973 company achieved its primary aim of having supermarket in every Australian city. Cole’s service has more than 18 million transactions each week. Woolworths started fresh food stores around 80 years back in 1924 at Sydney Australia (Kahwaji, 2014).
The value chain analysis indicates the firms that strive to create superior products or services through focused differentiation strategy. To ensure the activities are tailor to the strategy Value Chain is used. How each activity generates value and linked to the strategy in UFS? Table 4: Value Chain Analysis Primary Activities