For my portfolio, I was asked to do an assignment on two businesses. I have chosen Tesco, which is a public limited company and Vectone Gnanam Telecom, a private limited company.
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INTRODUCTION: For my portfolio, I was asked to do an assignment on two businesses. I have chosen Tesco, which is a public limited company and Vectone Gnanam Telecom, a private limited company. Description of Tesco PLC. Tesco is a private limited company founded by Sir Jack Cohen in 1924. The first three letters from the name of the tea suppliers name "T.E.Stockwell" and then joined these will his own surname this then formed the name "Tesco". He liked this name so much it became the company's own. Tesco is one of the United Kingdom's largest supermarkets They sell varieties of clothes, household items, gifts, kids items and food items. They produce their own breads and some product. They provide their own transport to carry their goods. They provide Internet services. Tesco provide car insurances and house insurances. Tesco have 1982stores all over United Kingdom and they have 164,500 shareholders. Tesco is one of United Kingdom's largest supermarkets making 3millions profit a day. Tesco employs over 300,000. Tesco is a company dedicated to professional management of both people and property. Tesco is a caring organisation that endeavours to exhibit pride and excellence. Description of Vectone Gnanam Telecom Ltd Vectone Gnanam Telecom is one of the Telecommunication companies in London based at Regatta House 58-Marsh Wall London E14 9 TP. They provide Telecommunication facilities by having shops, which provide telephone service and telephone cards. They sell telephone cards worth £5, £10, and £20 etc. Vectone Gnanam Telecom provides local and international telephone service at reasonable cost as a limited company. They offer special rates to India and Sri Lanka they offer good rates to various parts of the world by providing different types of cards like Gnanam, India Direct, Call Lanka, Euro City, World Call etc which are associated with Vectone Gnanam ltd. The business previous names are Vectone Telecom Centres Limited and Gnanam Telecom Centre Limited.
Vectone Gnanam Telecom is mainly affected only by their competitors like Voice Telecom, Euro call, Sigiri and Voicenet. Vectone Gnanam Telecom has to ensure that they offers rates similar to the competitors and also similar services to the customers. Vectone Gnanam Telecom is affected in term of legislation they have to ensure that the company is working within law and the health and safety issues are met within the stores. Comparison of the business activities of Tesco and Vectone Gnanam Telecom Business activities Tesco Vectone Resources Tesco use scanners, computer, refrigerator, baler, coding guns, fork lifts and telephones etc Vectone Gnanam Telecom use only computer and tills Core business activity Food and drink Telecom products and services Business Tesco used to provide many kind of services such as banking, communications services such as selling mobile phones etc They used to only provide communication services. Product they produce Bread and bags Telephone cards Scale and scope The scale and scope of business is high The scale and scope is not so high as Tesco Employees Tesco used to employees more than 400 employees in a Beckton. Vectone employees only on person in east ham Task 4 A) Location: location refers to where the business is located choosing the right location is the difference between success and failure. Factor influencing location Supply of labour and Local skills: all organisation need to employ staff. They will need to locate near to densely populated areas. Workers may not be keen to travel long distances from and to work and the organisation can also avoid the transportation cost. Some organisation that require large amount of labour may choose to locate in areas where unemployment is high because workers may willing to work for lower wages. In some part of the country skills are a tradition. If they have particular skills they need less training. For example if you want to make boot and shoes you can have a factory in Northamptonshire you can not get skilled workers at competitive wages.
Taste Every individual people have different kinds of taste such as some need standard quality at a fair price some needed high quality product even if the price is higher they are not bothered so super market like Tesco should have different kind of varieties of same items according to customers preferred taste. In communication business like Vectone Gnanam the taste of customers is different some customers want an easy connections whether the y are calling less than other cards. Some customers are bothered about calling time when compared to connecting time so they have introduce cards according to preferred taste Fashion In this modern world people want latest items they are not interested in old fashioned items so supermarkets like Tesco should introduced new items such as shopping from home rather than coming to the stores and getting everything through free delivery. In communication business like Vectone Gnanam Telecom the fashions is different the peoples are allowed to use telephone cards on mobile phones and they can purchases cards at cornor shops. General public In supermarkets like Tesco there is competition so they intent to sell their items at a low profit to keep their customers this will benefit public people and Tesco expanding more than ever in the last six years. Tesco has created more than 40,000 jobs in the last 18 months. In communication business like Vectone Gnanam Telecom they are benefits for people who do not rent a telephone line they can use public phones freely for using telephone cards. TASK 7 The sources I used to obtain information in my portfolio The books I used to obtain information in my portfolio are Carol Carysforth, and mike Neild (2000), GNVQ Intermediate business, Hieneman Kate Madaza, personnel manager of Tesco extra 1 ARMADA WAY ROYAL DOCK ROAD BECKTON LONDON E6 7FB Khan, Manager of Vectone Gnanam Telecom 180 High Street North East ham The Internet website I used to obtain information in my portfolio are www.Google.Com www.tesco.com www.tesco.com/corporateinfo www.companieshouse.gov.uk/info 1
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