BMT7027 Business and Business Environment Assignment Level 5

P1 Explain different types and purposes of organizations; public, private and voluntary sectors and legal structures

The organization palsy essential role in terms to determining the profitability of the enterprise. There are number of sectors as are public, private and voluntary. It can be defined in following manner as are-

Public sector- Public organizations are those enterprises which are governed by the governmental bodies and their main purpose is to serve the community rather than making profits. They are democratic in nature where decision is taken by an authorized body and execution is carried out by other team of workers. Charity organizations are organizations that are work independently without the governmental interference and operate for cause of the common people. Cancer research organization is one of the charitable organizations that operate in UK. For example- Atomic weapons establishment is private firm and it is responsible for design, manufacture of the Atomic weapons. It is firm that owned and operate by the government with purpose of provides services for citizens.

Private sector- Private enterprises are those which are owned and operated by private people in which follows the legal system of the country in which it is operating. It is classified into sole traders, partnership and cooperative trading units.It is firm that encompassing profit seeking firm that produce products and offer services, invest capital and undertake business activities in terms to earn profit. This firms are ranges in size from small business with owner. Under this, firm do not produce product themselves and this likely to offer service with aim of making profits. For examples- The private firm as T J Morris is united kingdom firm deal in products as home bargains stores. This is retail sector produce goods and supply it. The main aim of this enterprise is to earn long term benefits.

Voluntary organization- There are different types of trading units which operate in the markets which are private, public, cooperatives, charity and NGOs.

Types- In this, there are different types of enterprise that can be used for providing benefits to the society as are Unincorporated associations, Trust, Limited company, firm for social enterprise enterprise etc.

Purpose- The purpose is to provide benefits to societies without aim of earning profitability.

For example- It is a non profit group and set up with an extensive collection of operation. The main focus of this firm is over the alleviation of global poverty.

P2.  Explaining the size and scope of a range of different types of organizations

Organization should have a common purpose of working which motivates them to work hard. They have a clear set of vision, mission and objectives of the organization that they have to achieve in the specific period of time. Tesco is one of the largest retail companies of UK. It has expanded into different countries like china, India, hungry, Malaysia etc.

In organization the people are working together to achieve the common goal that is set by the organization. Tesco is known to be one of the leading retail companies that are functional in UK which is alos operating in different countries like China, India, Hungry .

The organization is committed to provide quality services to the customers for which the manager is providing his best services to the customers who are direct customers in the store or do digital shopping. They collect feedback from the customers and provide to the high management who after considering the feedbacks formulate appropriate strategies which would help the company to progress.

Go through this sample: Business and Business Environment Assignment Level

Introduction To Tesco

Tesco was incorporated in the year 1919 as a public limited company which has its headquarters in Welwyn Garden City at Hertfordshire, United Kingdom with about 100 branches all around the world. The company has adopted the legal structure of the country where it is operating and maintains transparency in its operations (Coe and Lee, 2013). The company is suitably meeting the demands of the customers and is efficiently fulfilling its responsibilities towards the social community. The company has opened a zero carbon supermarket which is well efficient in providing services to the customers without emitting any pollutants in the environment. Related Sample:- Health Promotion

Product Ans Services Of Tesco

Tesco is well known super market which deals in a number of products like general groceries, electronic items, clothing for all male, female or children belong to all age groups, toys etc. they also produce products under their own brand and provide home delivery facilities. It also deals in the insurance sector covering automobiles, health, dental and travel insurances. The company also deals in providing loans and mortgage services to the customers along with that also provide services to the kids by introducing a saving account facility for kids. The company is also involved into travel business along with insurance covered with it.

Vision And Mission Of Tesco

Tesco has set five main notions for is vision. First being a company which is known as customer based company and grabs the opportunities that are present for the growth of the company. Secondly the company lays stress on being innovative so have a competitive edge over the others.  Thirdly the company wants to establish itself as a trusted brand among the customers and uses the help of global talent for this. Fourth, the company concentrates on developing strong customer base that are loyal to the company and its products. Fifth providing quality service and products to the customers for which the company is adopting innovative approaches. 

The mission of the company is to provide bet quality product and services to the customers at best possible prices through which the company would become more reliant and close to the customers.

UPTO50%

Avail The Benefit Today!

To View this & another 50000+ free

Enter Email

Submit