Business Environment

[Name of the Instructor]

Understand the Organisational purposes of business

TESCO plc is a multinational company today. Its growth is rooted in the strong vision communicated by its top management. Tesco's foundation objective and values delineate the way they perform in business. It can be viewed in the way they treat their customers, staff and suppliers. The success of the company can be judged by viewing the fact that TESCO is fulfilling its business purpose which ultimately affects all its stakeholders. The company values the customer so it has been providing them with highest standard products at the lowest prices in the market. In this way, the company is giving the best value to customers for their money. The company believes in maintaining strong relationships with all its suppliers because they play a pivotal role in the Growth of the company. TESCO is maintaining best relations possible with all the suppliers and other parties by creating a win-win situation for everyone involved in the business. Human resource is the most important asset for the company. Company compete for business through the people it employs. It is in the company's best interest to make sure that its greatest asset, even though the most intangible one, the human capital, is developed to its highest and best use. TESCO plc provides support as well as opportunities to all its employees so that they can realize their full potential while remain contributing to the customer satisfaction. Shareholders are inevitable the most important stakeholder for the company. The company is investing in sustainable and long term projects, which will continually provide the inevitable growth drivers to it, which will ultimately maximize the shareholders' wealth, which is the supreme aim of any business entity. Tesco plc is not only diversifying in to new markets with in UK, but it is ...