Assignment 1 Unit 1:Purpose oforganisations and their stakeholders Dorcas Viela Business BTEC Mrs Bailey
Organisation 1:Tesco type of business• Tesco is a global scale organisation as today Tesco operates in 14 markets across Europe ,Asia and North America . Tesco has over 300,000 employees and over 2,900 stores. Tesco is a public limited company (PLC). A PLC is a company which sells/trades shares to the public
Organisation1:Tesco The purpose• Tescos main purpose is to create value for customers to earn their lifetime loyalty. Tesco offers a wide range of products and services from groceries, household products ,clothing to insurance (travel insurance).Tesco is a retailer so therefore is the tertiary sector. Tertiary sector provides services to the general population and to businesses e.g. wholesale sales, transportation and distribution.
Organisation 1:Tesco The purpose• The main aim of Tesco is to maximise profits other aims and objectives are :• to provide goods and services that are cheap and affordable to the general public• to maximise sales• to grow and maintain the number on retail in the UK• to outshine competitors and remain the market leader.
Organisation 1 :Tesco Ownership• Tescos ownership is owned by several partners , Tesco is owned by thousands of people this is because Tesco is a PLC and is owned by shareholders who fund the company .
Organisation 1 :Tesco OwnershipThe advantages of the type of ownership Tesco are is that Tesco have a limited liability for the shareholders , the business can raise a large capital sum as there is no limit to the number of shareholders. The disadvantages are the original owners may lose control ,there are strict control and regulations to comply in order to protect the interest .
Stakeholder Points to coverOwners When an owner manages a business, the performance and conduct of the business also affects the reputation of the owner, business affects his earnings and wealth. So he would be interested in how much profit Tesco makes .Customers The customers are the people who purchase the goods and services they would want cheap and affordable products from Tescos as it is one of Tescos aim.employees The employees are the people who work for Tesco’s has over 300,000 employees and they are interested in their wages , job security and pay riseSuppliers Tescos suppliers would ne interested in the continues customers which would equal revenuePressure groups Pressure groups such as Friends of the Earth (FOE) point to Tescos policies of buying up large amounts of land in order to build new stores; fighting battles with local authorities over planning; and bringing the companys brand into the high street through its purchase of small convenience stores.Local community Local community are the people who live next to Tescos and they are interested in buying the goods and services in Tesco .Trade UnionsGovernmentEmployer associationsNational communities
Organisation 2: Oxfam type of business• Oxfam is a international charity that works with businesses that are big and small to address global poverty. There will be paid staff, and a CEO who deals with all the staff and press, but all decisions are made by a board of trustees, elected by the people who pay e.g. members/donors . They have a responsibility to follow their members/donors wishes, and to do what they set out to do like help people overseas
Organisation 2 :Oxfam The purpose• Oxfams purpose is working with thousands of local partner organizations, we work with people living in poverty striving to exercise their human rights, assert their dignity as full citizens and take control of their lives. http://www.oxfam.org/en/about/whatOxfam is in the private sector and the tertiary sector as it provides services to everyone.
Organisation 2: Oxfam The purpose• Oxfams aims and objectives are• To Aid third world countries in any way they can• To relieve poverty, distress and suffering• To educate people about the nature, causes and effects if poverty• To campaign for a fairer world
Organisation 2 :Oxfam Ownership• Oxfam is an international association of 14 organisations who are the trustees of the organisation, working in 98 countries worldwide to find lasting solutions to poverty and injustice. So it is also owned by many people .
Organisation 2: Oxfam Ownership• The disadvantages and advantages about Oxfam’s ownership is that they are raising cash in able to help the poor , they help the poor but sometimes they dont have that much cash to help the people who need it the most .
Stakeholder Points to coverOwnersCustomersEmployeesSuppliersPressure groupsLocal communityTrade UnionsGovernmentEmployer associationsNational communities
• A stakeholder is anyone who has interest in a business anyone from the customers to the pressure groups, Stakeholders are also people who are affected by the activity of the business they influence the business because businesses want to please there shareholders . Businesses will automatically do what they believe is in the best interest for both the company and investors