Unit 1 Business Level 3

Topics: Tesco, Employment, British Heart Foundation Pages: 8 (2538 words) Published: October 12, 2014
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 Chief Financial Officer Alan Stewards House and car wouldn’t be taken away to clear the debt as the company has limited liability. The success of Tesco depends on how much profit is made. This then reflects the dividends that the stakeholder receives. This would then affect the operations of the business. The British Heart Foundation is a Charity. This type of organisation has unlimited liability. As a trustee, director or officer, they are in a very vulnerable position. These individuals are liable for the outcome of all decisions and actions of The British Heart Foundation. To protect these individuals there is an indemnity which insures them if they are deemed liable.[8] Even though it’s a not for profit organisation, if limited profit was made, it would affect their operations by the charity not being able to put money back into helping and researching for The British Heart Foundation.

Tesco’s Aims and objectives;
Offering customers the best value for money and being competitive on prices •Meeting the needs of customers by constantly looking for, and acting on, their opinions regarding innovation, product quality, choice, store facilities and service •Providing shareholders with progressive returns on their investment improving profitability through investment in resourceful stores and distribution depots, in productivity improvements and in new technology •Developing the talents of its employees through sound management and training practices, while rewarding them fairly with equal opportunities for all •Working side by side with suppliers to build long term business relationships based on strict quality and price criteria •Participating in the national food industry policies on issues such as health, nutrition, hygiene, safety and animal welfare •Supporting the community and protecting the environment [4]

The British Heart Foundations Aim & Objectives;
To develop research into the causes of heart disease and improved...
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