Investigating Business. Tesco PLC. I will be describing the aims and objectives of this business and the external environmental factors
Unit 1: Investigating Business Asim Ul-Haque Task 1 Aims & Objectives In this unit, I will be investigating into the major supermarket chain Tesco PLC. I will be describing the aims and objectives of this business and the external environmental factors which have affected the ability of this business to achieve their aims and objectives illustrating them with examples from the business. History ________________ Back in 1919, a person called Jack Cohen founded Tesco, at first he was selling groceries at a stall at Well Street Market, Hackney, in the East End of London. The Tesco brand then appeared in 1924. The first Tesco store was opened in 1929 in Burnt Oak, Edgware, and Middlesex. Tesco made its presence on the London Stock Exchange in 1947 as Tesco Stores (Holdings) Limited. During the 1950s and the 1960s Tesco grew organically, and also through acquisitions, until it owned more than 800 stores. Originally Tesco specialised in food and drink, now the business has broadened into different areas of retail such as clothing, electronics (Technika), financial services (Tesco Finance), telecoms (Tesco Mobile), home (Tesco Home Insurance, health, car, dental and pet insurance, retailing and renting DVDs, CDs, music downloads, Internet services and software. Today Tesco’s are making £67.6 million in sales, they have 492,714 people working at Tesco’s, they have
Introduction to J Sainsbury plc
Introduction to J Sainsbury plc J Sainsbury plc is a leading UK and US food retailer with interests in financial services and property. The group comprises Sainsbury's Supermarkets and Sainsbury's Bank in the UK and Shaw's Supermarkets in the US. Sainsbury's Supermarkets was established in 1869 by John James and Mary Ann Sainsbury and is Britain's longest-standing major food retailing chain. Sainsbury's Supermarkets employs over 145,000 people, including Savacentre. Of these, 60% are part-time and 40% full-time. 62% of employees are women. A large Sainsbury's Supermarket offers over 23,000 products, 40% of these are Sainsbury's own brand. In addition to a wide range of quality food and grocery products, many stores offer bread baked on the premises, delicatessen, meat and fish counters, pharmacies, coffee shops, restaurants and petrol stations. Sainsbury's Supermarkets serves over 11 million customers a week and as at June 2002 had 463 stores throughout the UK. Nearly 60% of our stores are in town-centre or edge-of-centre locations, many of these built on previously derelict sites. TASK 1 .1.1 A classification of the business according to its ownership, and an explanation of the benefits and constraints of this type of ownership. (E1) Sainsbury's Ownership Sainsbury's belongs in the private sector because its main aim is to make a profit. Without profit,
The Business Environment Coursework. Describe the type of business, purpose and ownership of 2 contrasting types of businesses.
Task 1 Describe the type of business, purpose and ownership of 2 contrasting types of businesses. Sole Trader • A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. • Sole trader's usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. • The owner is responsible for everything that goes on in the business and has to do a lot of work. The owner also receives all the profit and is able to make decisions on their own. • The owner has full control over the business. • Hair dressers, small independent shops and book keepers are usually sole traders. Partnership • A partnership is a lot like a sole trader only there are more than 1 owner. • This usually means the work and responsibility is shared and so are the profits. • Good examples of partnerships are dentists, accountants and lawyers. • There is usually more money and ideas that can be put into the business. • There may be disagreements between partners and this can affect the way they run their business. • Depending on what contracts were drawn up, one of the owners may decide to leave and leave debts to the other owner or owners. Each partner has to take the risk of
Applied Business. Investigating a business Preston Manor High School
Unit 1 Applied Business Task 1 – Introduction Preston Manor High School was first found in 1938 and its first head teacher was Mr Bannister, who recruited excellent staff and maintained high standards throughout the War. It provided a traditional grammar school curriculum with science and languages streams. In 2002 Preston Manor was one of the first school to be a specialist in Science and Mathematics. Preston manor is in North Wembley, Middlesex in London, and has other competitors in its borough such as Copland Community School and Alperton Community School. It has about 200 staff (teachers), 1350 students in High School and roughly 270 students in Sixth Form. Majority of the students today are of Asian origin (Indian, Pakistani and Bangladeshi) and others are of Afro-Caribbean and African descent. Preston manor is a really high standard school with really good records such as the KS4 students achieving A* to C GCSE has risen steadily over the past 3 years (from 70% in 2004 to 74% in 2006). Task 2 – Aims & Objectives Mission statement could be a sentence, paragraph or several pages describing a business’s function, markets and competitive advantages, it is a written statement of the business goals (aims) and philosophy. A business aim is the goal a business wants to achieve. Business objectives are a way for an organization to
Business report on J Sainsbury's.
CONTENTS Introduction ....................................................Pg 2 Business Objectives ...........................................Pg 3 Types of business ..............................................Pg 14 Organisational Functions .....................................Pg 20 Organisational Structures .....................................Pg 31 Communication ................................................Pg 37 Product and Quality ...........................................Pg 41 Bibliography ....................................................Pg 46 Introduction The business that I have decided to report on is J Sainsbury's. As we all know this is a very well known and well-established organisation and this is why I decided to make a report on it and also because the branch I am going to focus on is about ten minutes away from where I live. J Sainsbury's is a grocery store that has over 1 million branches across UK. The registered address of the business is: J Sainsbury's Supermarket 33 Holborn London EC1N 2HT I am going to identify the different objectives of my chosen business and I am going to write this by focusing on the following points and explaining it thoroughly: * Making a profit * Surviving * Increasing sales or market share * Producing or offering high quality products or services * Developing a skilled workforce * Fulfilling
Peacocks - case study
Business ownership Inst John Lovering - Chairman Richard Kirk - Chief Executive Keith Bryant - Finance Director Neil Burns - I.T. & Logistics Director Paula Alexander - Non Executive Director Keith Roberts - Non Executive Director Chairperson A person who is elected by the board of directors to represent Peacocks as a business and to help form and carry out its policy. Chief executive A person appointed by the board who is in charge of the day to day running of Peacocks. Institutional investors Financial institutions, such as banks, insurance companies and pension funds, which have billions of pounds to invest. Lender A person who can keep the needs of individual workers and the aims or objectives of Peacocks in harmony. Share capital The money Peacocks obtains by selling shares to investors. In Peacocks, the two most important people are the chairperson and the chief executive. In general terms, the chairperson represents the company in the outside world and takes a leading part in making policy. The chief executive is responsible for carrying out company policy and the day-to-day management of the business. In recent years, there have been changes in the ways Peacocks is managed or run. It has become more open and dramatic with a bigger emphasis on teamwork. However, all organisations need lenders who can keep employees working together towards agreed aims
Btec National Business Level 3 Year 1 - Exploring Business Activity
Unit 1 Different types of business activity and ownership Pass 1 A) Type of businesses activity If I live in a city of any size especially in an area where new people are moving in people are increasingly using the Internet to find local businesses. Microsoft can't be local because people search jobs by region: United States, Europe and Asia etc. Oxfam is a local as well such as located in Watford High Street. Some of the businesses that can be helped by local Internet marketing include: chiropractor, computer retailer, travel agent, locksmith, massage therapist, insurance agent, real estate agent, mortgage broker, maid service hardware retailer, plumber, auto repair etc. How to use the Internet to market a local or regional business. There are many businesses in UK. It is located sites across a country. For example, Microsoft Company is found in Cambridge that is UK. Of course Oxfam is collecting money to save people and it is every where in the UK, i.e. London, Hertfordshire, Oxfordshire and Birmingham etc. they will be called National Businesses. An International business company is a legal entity incorporated in a tax haven which is free from all local taxes (except small fixed annual fees). Typically the IBC cannot conduct business in the country of incorporation. Oxfam International is a confederation of 13 organizations working with over 3000 partners in more
Investigation into Cadbury's Plc.
To: MS Sweet From: Michael Pidding Reference: Unit 1 Date: December 2002 Title: Investigation into Cadbury's Plc .0 Introduction: This report will show the types of business ownership, by classifying the business according to the type of business. It will explain the benefits and the constraints of the type of ownership. This report will also show a clear description of Cadbury's, and will show their reasons for their choice of objectives. In addition to this report it will show the types of functional areas that exist in my chosen business. This will include a description of production, finance, human resources, marketing, administration and research and development. Also included in this report will be a cover the types of management style the company has. This report will also explain the organisational structure and how it has affected its performance and how it helps to meet its objectives. This report will also show a clear explanation of how the production process and quality control helps the business to add value to its product and it will describe the types of communication the business uses. The person, who created the Cadbury business, is John Cadbury in 1824. The business started as a shop in a fashionable place in Birmingham. It sold things such as tea and coffee, mustard and a new sideline - cocoa and drinking chocolate, which John Cadbury
Swift Transport Plc is a Plc; a medium sized business, which specialised in road haulage services within the U.K. since the early 1960's.
Introduction Swift Transport Plc is a Plc; a medium sized business, which specialised in road haulage services within the U.K. since the early 1960's. For many years it concentrated on road haulage within the United Kingdom until Gisele Marionnaud was appointed as the new director in charge of transport and extended the freight carriage into Europe. After the recession in the early 1990's, Swift Transport Plc decided that they wanted to diversify. Jack Hunter, the marketing director, a very influential man, persuaded the board of directors that there would be excellent marketing opportunities associated with the Olympic Games to be held at Sydney in the year 2000. Following this, the board decided to look at possible companies to take over. In 1996, Swift Transport Plc successfully took over Happy Hols Ltd. Happy Hols Ltd was a small chain of travel agents specialising in adventure and activity holidays in Europe, and recently had been experience some liquidity problems. The directors of Sift transport decided that the business should carry on trading under the same name. This was probably because Happy Hols Ltd had built up a brand loyalty, and an if the company changed, it would have to be built up again and survival would be a priority. The directors of Happy Hols Ltd continued to make decisions about the running of the company, Kate McGreggor, the personnel director of
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.
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
