Unit 1- exploring businesses.
Assignment 1- features contributing to
the success of contrasting businesses.
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,Contents
Business 1- Tesco...................................................................................................................................4
Features of Tesco...................................................................................................................................4
Stakeholders and their influence-Tesco.................................................................................................6
Effective business communications-Tesco.............................................................................................9
Methods of Communication with Stakeholders-Tesco........................................................................10
Aims and objectives-Tesco...................................................................................................................11
Structure and organisation-Tesco........................................................................................................13
Business 2- Cancer Research UK..........................................................................................................16
Features of the business-CRUK............................................................................................................16
Stakeholders and their influence-CRUK...............................................................................................17
Effective Business Communications-CRUK...........................................................................................19
Aims and objectives-CRUK...................................................................................................................20
Structure and organisation-CRUK........................................................................................................22
Final evaluation...................................................................................................................................25
Bibliography.........................................................................................................................................28
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, Introduction.
The two businesses I will be covering in this assignment is the for-profit business Tesco PLC
and the not-for-profit business Cancer Research UK. I will be focusing on the features of the
two businesses and the stakeholders and their influence within and outside the two
businesses, the aims and objectives of both businesses and a final evaluation of the two.
Business 1- Tesco.
Features of Tesco.
Ownership.
Tesco PLC is a for profit business which means that they only operate with the goal of
making a profit, they do this by selling their products and providing their services. Tesco is
set up as a public limited company (LTD), being a public limited company means that anyone
in the public can buy shares for Tesco from the stock market. Being a public limited
company is good as its easier to raise capital as Tesco’s shares are always available to sell to
the public. However, if a shareholder holds more than 50% of Tesco’s shares, they virtually
own the business as they have the majority vote on whatever Tesco decides for their
business.
Tesco’s largest shareholder is an American investment management company called
BlackRock Inc as they hold 6.64% of Tesco’s shares and their second largest shareholder are
Fidelity International who hold 3.04% of the business. Tesco first opened in 1919 in East
London and was originally owned by an English businessman called Jack Cohen, Cohen
began to sell war-surplus groceries at the time as the first World War left everyone in Britain
with very little money. Cohen believed that everybody in Britain deserved to have affordable
food. Currently Tesco’s CEO is Ken Murphy, Ken is an Irish businessman and has been CEO
since October 2020, examples of what CEOs do are to oversee the entire business,
communicate with shareholders and manage company finances. At the moment Tesco has
6,800 stores worldwide and have stores located in the UK, Ireland, Czech Republic and
Slovakia.
Liability.
Tesco is a public limited company so therefore they have limited liability which means that if
Tesco goes bankrupt the shareholders’ belongings will not be taken as repayment for the
company’s debt but only the assets that belong to the business. However, if the debts that
the business owes are not repaid Tesco’s stores will potentially close, the closing of Tesco’s
stores will result in a massive loss of profits and therefore a decreased chance of paying
back the debts owed.
Click here to enter text.
Assignment 1- features contributing to
the success of contrasting businesses.
Click here to enter text.
,Contents
Business 1- Tesco...................................................................................................................................4
Features of Tesco...................................................................................................................................4
Stakeholders and their influence-Tesco.................................................................................................6
Effective business communications-Tesco.............................................................................................9
Methods of Communication with Stakeholders-Tesco........................................................................10
Aims and objectives-Tesco...................................................................................................................11
Structure and organisation-Tesco........................................................................................................13
Business 2- Cancer Research UK..........................................................................................................16
Features of the business-CRUK............................................................................................................16
Stakeholders and their influence-CRUK...............................................................................................17
Effective Business Communications-CRUK...........................................................................................19
Aims and objectives-CRUK...................................................................................................................20
Structure and organisation-CRUK........................................................................................................22
Final evaluation...................................................................................................................................25
Bibliography.........................................................................................................................................28
Click here to enter text.
,Click here to enter text.
, Introduction.
The two businesses I will be covering in this assignment is the for-profit business Tesco PLC
and the not-for-profit business Cancer Research UK. I will be focusing on the features of the
two businesses and the stakeholders and their influence within and outside the two
businesses, the aims and objectives of both businesses and a final evaluation of the two.
Business 1- Tesco.
Features of Tesco.
Ownership.
Tesco PLC is a for profit business which means that they only operate with the goal of
making a profit, they do this by selling their products and providing their services. Tesco is
set up as a public limited company (LTD), being a public limited company means that anyone
in the public can buy shares for Tesco from the stock market. Being a public limited
company is good as its easier to raise capital as Tesco’s shares are always available to sell to
the public. However, if a shareholder holds more than 50% of Tesco’s shares, they virtually
own the business as they have the majority vote on whatever Tesco decides for their
business.
Tesco’s largest shareholder is an American investment management company called
BlackRock Inc as they hold 6.64% of Tesco’s shares and their second largest shareholder are
Fidelity International who hold 3.04% of the business. Tesco first opened in 1919 in East
London and was originally owned by an English businessman called Jack Cohen, Cohen
began to sell war-surplus groceries at the time as the first World War left everyone in Britain
with very little money. Cohen believed that everybody in Britain deserved to have affordable
food. Currently Tesco’s CEO is Ken Murphy, Ken is an Irish businessman and has been CEO
since October 2020, examples of what CEOs do are to oversee the entire business,
communicate with shareholders and manage company finances. At the moment Tesco has
6,800 stores worldwide and have stores located in the UK, Ireland, Czech Republic and
Slovakia.
Liability.
Tesco is a public limited company so therefore they have limited liability which means that if
Tesco goes bankrupt the shareholders’ belongings will not be taken as repayment for the
company’s debt but only the assets that belong to the business. However, if the debts that
the business owes are not repaid Tesco’s stores will potentially close, the closing of Tesco’s
stores will result in a massive loss of profits and therefore a decreased chance of paying
back the debts owed.
Click here to enter text.
