Essay on P3: Describe How Two Businesses Are Organised- Unit 1

Tesco’s is a private company which is owned by directors and shareholders who fund the business and the sole purpose is to make money. Tesco’s main purpose is to sell and make profit on products they sell such as food and online service. Tesco’s will provide excellent customer service and make sure all customers come back which

There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

Tesco Plc is a Public Limited Company who securities and shares are included in the stock exchange and list of different countries. In UK, companies like Tesco Plc are registered under the companies Act 1980 and its shared are offered to public in regards of limited liability. In addition, Tesco is associated with retail sector that carries out a majority business of the company and contribute their share in country’s economy to a huge scale. Apart from the retail sector, Tesco Plc faced tough competition all over the world from companies like Wal-Mart, Asda, Sainsbury, and others. Although, Tesco is not in dominating position in the current retail market in the UK, but the company is one of the biggest retail companies working in the UK, North America, Asia, Europe and other. The company

You are representing the company that you work for and are the first point of contact, so customers will respond to how they are treated from the first person that they speak to, if they are treated in an un friendly manner they will possibly change their view on the company maybe change their mind and take their business else where. If they are treated with respect and answered in a professional and efficient manner they will feel at ease and confident to do business and hopefully continue to do good business with the company and also recommend your customer services to other potential customers.

“Chain of command, also referred to as a scalar principle, is an organization mechanism that establishes formal lines of communication within a police department” (Cordner, 2016, p.116). I am sure that we all have heard the term chain of command, but what does this exactly means. I am not a police officer, however, I am a security officers. One thing in this industry that I’ve learned is that if I have any concerns that needs to be addressed the my first contact will be the Sergeant. “The chain of command is establishes a direct path between every person in the department and the chief”(Cordner, 2016,p. 116). The Sergeant in my department is the first line supervisor to contact. In other cases the Chain of Command is useful for when there are some orders that are given that only a particular supervisor is needed, you will

, the chain of command is the line of authority and responsibility along which orders are passed within a military unit and between different units. Orders are transmitted down the chain of command, from a higher-ranked soldier, such as a commissioned officer, to lower-ranked personnel who either execute the order personally or transmit it down the chain as appropriate, until it is received by those expected to execute it.

Overall, I believe that Tesco has many strategies and these strategies help Tesco to make further decisions on what they will be doing as they would be aiming to increase profit, and become the better rivals. Tesco’s financial performance is getting better due to the better strategic decisions made within the company to increase profit and gain

My first business is Tesco the biggest retail company in Britain. My second business is McDonald’s one of the largest franchise fast food outlets in the world.

Chain of command can be defined as a line of authority that extends from the top level of the organization to its lowest level. Chain of demand clearly defines that who is accountable to whom and what tasks are to be performed by all the employees. In addition to that, it also clarifies that who should be contacted when any critical situation or problem occurs. Managers usually use the chain of command while assigning jobs to the employees as it helps the employees in understanding who should they report to and who should they contact in case of a problem. There are three basic components of the chain of command (Mahida). The components are listed below:

When discussing about the Chain of Command it is generally referring to the number of levels that exists within the hierarchy of the organisation whereby the passing down of authority from top level management to lower level is evident. In relevance to Microsoft, with a total of 120,849 employees the structure is undoubtedly a tall one. From an organizational standpoint, Microsoft starts by using an extensive interviewing process to sift out the smartest, most qualified individuals to perform all the tasks associated with their specific workgroups workload. "We start using the very best practices, which was just hiring great people and having small teams” Gates said of his selective hiring process. Every group manager, line manager and program manager not only have the

As I have mentioned before, this research paper is being taken exclusively with the aim to evaluate the Tesco’s performance in both financial and business terms over a three years period. Since the financials will be compared with its three year

The finance department functions include keeping records of financial activity for example the sales made by the business and providing managers with information that they can use in decision making for example cost of making products. For McDonalds the finance department would have to keep track of how many sales they make per day and what kind of meal or burger makes the most money. For Chester Zoo the finance department would have to do the same which is keeping records of how many sales they make per day and how much profit they make.

Tesco produces other marks’ products as well as produces its own particular name mark like canned fish. It declared that it will lessen carbon sustenance print to 30 % in 2020 and it offers confirmation to open that there will be no deforestation. The inbound strategic capacity of Tesco is lean and responsive. According to Abeysinghe (2010), it is found out that the keys of accomplishing low expenses from its providers are being the main market position and its economies' degree. It is in imposing business model position in UK In branch of retail industry, it is perceived as signatory since it has the institutionalization of provider code of training. The motivation behind why is that it offers low costs items to clients. Then again, suppliers are against about that since it gives ease to clients however it deal the results of providers to the most minimal. With a specific end goal to energize efficiency and estimation of organization inbound strategic, the organization has been overhauling its requesting framework and in-store forms. (Ivory Research,

Tesco are currently leading in the market their like for like sales have increased by 0.7% in its core UK business with a 1.3% growth for foo (Fedor, L. 2017). Tesco currently has many automated hybrid facilities in terms of their operations management but their online presence is increased due to them being UK’s largest retailer with ‘over 3, 500 stores and over 310,000 colleagues’ (Tesco plc. 2017). Tesco’s current business model focuses on four areas: Sell, Insight, Buy and Move. Their strategy is to use the virtuous cycle and develop economies of scale across all of their business functions, ‘by doing the right thing for customers’ (Tescoplc.com. 2017). This means they use a centralized approach when it comes to its consumers as decisions are made at the top and integrated throughout the business.

From the table of Tesco’s Sales and profit changes in the past five years, we can see that it’s doing worse. Even its sales revenue is not change much, but the changes of profit are horrible, and according to it’s income statement, we found that the reason of it change so much is because the cost of sales are to high, even more than sales revenue, therefore Tesco may need to find a new supplier and try to increase its sales. Furthermore, from the five year summary of Tesco, we can see that they have stores in UK, Europe, Asia and US. The main part of its revenue are