Tesco ownership
Tesco is a public limited company so it is owned by shareholders. Shareholders can be defined as the people who own shares of stock in a corporation or mutual fund. Tesco is owned by thousands of people. This is because Tesco is a public limited company. The reason for Tesco being a Public Limited Company is because of its size. Tesco is owned by shareholders who fund the company. This happens by the people buying shares in the company and becoming shareholders. Sometimes this may seem more appealing to the people investing in a company as they have the luxury of having limited liability. Limited liability is where if the business goes bankrupt the people only lose whatever they invested in the business this is common with Plc.’s, Ltd.’s (Private limited company). The company was founded in 1919 by Jack Cohen as a group of market stalls.
UNIEF Business Activity
United Nations Children Fund (UNICEF) is a United Nations Programme headquartered in New York City, which provides long-term humanitarian and developmental assistance to children and mothers in developing countries. It is a charity organisation created to help children and adolescents throughout the world. UNICEF is one of the United Nations Development Group and its Executive Committee. UNICEF became a permanent part of the United Nations System and its name was shortened from the original which was “UNITED NATIONNS INTERNATIONAL CHILDREN’S EMERGENCY FUND” to “UNITED NATIONS CHILDRENS FUND” The overall management and administration of the organisation takes place at its headquarters in New York. The executive board is made up of government representatives who are elected by the United Nations Economic and Social Council, which is normally a three-year terms. UNICEF is an inter-governmental organisation and it is accountable to the government. Their salaries and benefits package is based on the United Nations Common System. UNICEF is under the tertiary sector because they provide food, clothes and healthcare services to children in countries that had been shattered by the World War 11. It is present in 191 countries in the world.
UNICEF Purpose-Not all organisations are set up to make profit. Many organisations are set up for different purposes. An example of this is UNICEF. United Nations Children Fund is a driving force that provides food, healthcare services like vaccines, and antiretroviral medicines for children and mothers with HIV, nutritional supplements, emergency shelters, and educational supplies. Their purpose is to also assist children and adolescents throughout the world particularly in devastated areas and developing countries.
UNICEF believes that nurturing and caring for children are the cornerstones of human progress. It was created with the purpose in mind to work with others to overcome the problems that poverty, disease, violence and discrimination placed in a child’s way. One of their aims is also to give devastated children the best start in life, because proper care at the youngest age forms the strongest foundation for a person’s future. They also work to prevent the spread of HIV/AIDS among young people because they want to create a protective environment for them. UNICEF is not created to make profit but to help children and adolescents who are distressed.
UNICEF Ownership
UNICEF is an agency of the United Nations. It was created by the United Nations General Assembly on December 11, 1946 to provide emergency food and healthcare services to children in countries that had been destroyed In World War 11. On 7 September 2006, an agreement between UNICEF and the Spanish association football club FC Barcelona was reached whereby the club would donate 1.5million euros per year to the organisation for five years. As part of the agreement, Fc Barcelona will wear the UNICEF logo on the front of their shirts. UNICEF relies on contributions from governments and private donors. Government contribute two thirds of the organisation’s resources.
P2- Describe the different stakeholders who influence the purpose of these contrasting organisations
The different stakeholders who influence Tesco are:
Customers- The customers are also the key stakeholders. Any business that ignore the concerns or complaint of their customers will find themselves losing sales to rivals they are the last people in the chain of production. Tesco’s customers want Tesco to produce quality goods at reasonable prices. At Tesco, they allow their customers to make complaints. Their staffs hear customer’s views on how they are enjoying their product and if the price they are putting on their products are reasonable. Customers have different needs; some of Tesco customers work all day and may want to shop in the night after work. Because of its late night shoppers, Tesco decided to open another store which it named” Tesco Extra”. This store opens 24 hours all day all night. This idea has helped to improve Tesco’s profit and it also attracts more customers.
Owners- Owners are also very important in the Tesco. They set rules and regulations on how the organisation operates. They are the ones who can how well the business is performing. An owner expects its business to make profit and also to have good customers.
Employees- the employees are the people who work for the organisation. They may want an increase in their salary. A Tesco employee gets wages, bonuses, discounts and holidays. All this helps the staffs to work effectively. The way Tesco staffs treats its customers depends on how their profit will increases. They seek security of employment, promotion opportunities and good rates of reward. Employees wish to work for an organisation they will be proud of working for and will be proud to tell people when they ask them.
Suppliers- the suppliers are the people who supply goods to Tesco. They are the third important people in the stakeholder. Suppliers provide Tesco with all its goods. They supply Tesco because they are scared of causing conflict which might make them lose their right to sell goods and services to Tesco again. Therefore it is very important they supply on time. Their main job is to sell fresh goods to Tesco.
Employers Association- this people makes sure that both the owners and employees are happy and that they are receiving the right amount of money.
The different stakeholders who influences UNICEF:
Customers: the customers are the most important stakeholders. UNICEF’s customers want UNICEF to provide good goods and services.
Employees- the employees are the people who work for the organisation. They are the ones that attend to the customers. They want an increase in their salary. Employees are expected to attend well to company’s customers.
Suppliers- the suppliers are the people who supply goods and services to UNICEF. They supply services that UNICEF will give to their customers.
Trade Unions- these represent the interest of groups of the owners and employees. They make sure that the employees are paid the normal amount of money they are supposed to be paid.
In conclusion- I carried out an investigation on two organisations which are Tesco and UNICEF. I have explained the business activity in organisation, their purposes, their ownership and also the different stakeholders that influences them. Tesco is a public limited company that is owned by shareholders while UNICEF is a charity organisation that is set up to help people.
.
Bibliography
BTEC level 3 Book 1
http://www. Unicef.org/corporate partnership
http: // www.blurit.com
http:// www.tesco_careers.com