Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14
  15. 15
    15
  16. 16
    16
  17. 17
    17
  18. 18
    18
  19. 19
    19
  20. 20
    20
  21. 21
    21
  22. 22
    22
  23. 23
    23
  24. 24
    24
  25. 25
    25
  26. 26
    26
  27. 27
    27
  28. 28
    28
  29. 29
    29
  30. 30
    30
  31. 31
    31
  32. 32
    32
  33. 33
    33
  34. 34
    34
  35. 35
    35
  36. 36
    36
  37. 37
    37
  38. 38
    38
  39. 39
    39
  40. 40
    40
  41. 41
    41
  42. 42
    42
  43. 43
    43

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.

Extracts from this essay...

Introduction

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.

Middle

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.

Conclusion

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

The above preview is unformatted text

Found what you're looking for?

  • Start learning 29% faster today
  • Over 150,000 essays available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Over 180,000 student essays
  • Every subject and level covered
  • Thousands of essays marked by teachers

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. I will evaluate the distribution systems in delivering goods and services for a selected ...

    Product Availability One way to find out how effective a business can be is through the responsive a business is to their customers and to meets customers needs. When looking at Tesco, the business is well structured and organised as it is always up to date with customer information, knowing all their needs.

  2. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    Tescoâs core purpose is to create value for customers to earn their Lifetime loyalty. This objective is part of one of their values âNo one tries harder for their customersâ, Tescoâs are aware that they are valued by their customers across all their markets: for example, Tescoâs have the most

  1. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    Agencies * Owned by the government and funded by taxes A government department is led by a government minister, usually a cabinet member. Has a considerable amount of freedom in the running of the business, but is owned and accountable to the government.

  2. Btec National Business Level 3 Year 1 - Exploring Business Activity

    Products and services supplied for: > Profit - It is one of the businesses that are illustrated by the growth of the. Microsoft profits increasing day by day. They increased in an online discount that they make benefits. Oxfam Control of its coffee names through trademarking would give Ethiopia a fairer share of the profits of the global coffee trade.

  1. Applied Business Studies Unit 1: Investigating Business

    that are just establishing themselves, these countries will have market for products. Other things that influence martin technologically are changes in production methods. For example there is a current market for outsourcing work from one company another. Martin does not out source their work, however they do, do outsourced work

  2. I am asked to assess how McDonalds could improve their operations ethically.

    In order to avoid consequences due to unethical behaviour, they must address ethical issues to make sure the company's employees and stakeholders know about it. 2. Responding to ethical pressures This is one of the implications of operating ethically. There is growing pressure placed on McDonald's management to take account of ethical concerns.

  1. Comparison of stakeholders interest and influence. Apple vs. Mercedes Benz

    Mercedes Benz SMART analysis The goals and targets of Mercedes Benz are discussed first between the managing directors and their headboards departments. These can then be discussed via team management meetings, which occur weekly, and also through formal reports shared between the headboard department and team managers.

  2. Business report on J Sainsbury's.

    Underlying profit before tax changed by 14.2% and the profit before tax changed by 30.7%. On February 2001 Sainsbury's supermarkets Ltd became the first major food retailer to achieve the corporate accreditation Investors in People. The Investors in People Standard is tried and tested flexible framework that helps UK companies succeed and compete through improved people performance.

  • Over 180,000 essays
    written by students
  • Annotated by
    experienced teachers
  • Ideas and feedback to write
    your own great essays

Marked by a teacher

This essay has been marked by one of our great teachers. You can read the full teachers notes when you download the essay.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review on the essay page.

Peer reviewed

This essay has been reviewed by one of our specialist student essay reviewing squad. Read the full review under the essay preview on this page.