Unit1 Business Environment

Unit1Business Environment

Unit1Business Environment

Introduction

Tesco is considered as one of the greatest organizations of United Kingdom. Tesco is a public limited organization. Tesco is a global grocery and retailer of general goods and products. It is headquartered in Cheshunt in the Great Britain. Tesco is considered as the third biggest retailer in the entire world, deliberated by revenues and, when it is measured by its profit, it is on the ranking of second biggest companies of the entire world. Tesco holds more than five thousand stores around the whole world. The chairman of the Tesco is David Reid and Philip Clarke (Haerifar, 2011, pp. 12-13).

The main purpose of the Tesco is to provide a wide range of products which it sells, both in online and retailer stores. It also provides financial services including personal loans, credit card and several kinds of insurance. Additionally, it also offers home delivery services to its online users (Haerifar, 2011, pp. 12-13).

It is often observed that most of the people assume that Tesco is an international organization; on the other hand, Tesco is a global organization. As mentioned previously, it has great number of selling stores in fourteen countries across Europe, Asia and North America. Tesco is considered as the leader of grocery market in the United Kingdom, Thailand, Malaysia and the Republic of Ireland. Proceeding discussion demonstrates all the specifications and business strategies of organization.

Discussion

Tesco is one of the biggest and successful organizations of United Kingdom. It is in the tertiary sector and is considered as the leader of grocery market in the United Kingdom. Tesco has a market share of thirty percent. The organization is doing its business in several countries including Thailand, Republic of Ireland and Malaysia. The ownership of Tesco is based on several share holders. Proceeding paper demonstrates all the specialties, specifications and business strategies of Tesco (Kreitner, 2009, pp.240-242).

Tesco Plc

Tesco Plc is one of the well known organizations in United Kingdom. It was founded by Jack Cohen in the year 1919, as a group of market stalls. The name of Tesco was first appeared in the year 1924 and the first store of Tesco was launched in the year 1929 in Burnt Oak. The organization got success in opening several stores around the world. The organization has extremely diversified geography and into different areas including retailing of cloths, books, petrol, electronic goods, furniture and software; internet services and telecoms; financial services; music downloads and DVD rental. This shows that company is doing business in several areas of life. Tesco is marked on the Stock Exchange of London and is an essential and active part of the FTSE 100 Index. Tesco has a market capitalization of about £24.4 Billion (Kreitner, 2009, pp. 240-242).

Type of the organization- its Characteristics and Purposes

The ownership of Tesco is owned by several partners. The reports of Tesco show that it is owned by thousand numbers of people. This is because of the reason that Tesco is Plc or public limited ...