Introduction

The business environment is regarded as the sum total of all the various internal as well as the external factors. It manages to influence the various aspects of the business. The internal, as well as the external factors, will be able to influence each other and also ensure they manage to work in an established manner that affects the business. Here the assignment is going to be on the Tesco situated in East London.

The assignment strives to reflect on the business environments, structure, and size of Tesco. It has managed to inculcate the concepts of private, public, and voluntary underlying the size and functions of each. The first part of the assignment has been able to harp on the relationship of Tesco and Oxfam by comparing the structure, size, organizational structure as well as the various objectives of the two. The second part of the assignment has been able to inculcate the various aspects of Pestle Analysis and the way it has managed to influence the business of Tesco. The third part of the assignment has been able to harpoon the aspects of the SWOT analysis of Tesco. Being employed as a junior Business analyst, I will be employing the following aspects and see that the organization Tesco, manages to perform efficiently and effectively in the long run.

P1

The organizations have been categorically divided into three different types such as the private, public as well as the voluntary organization.

The Private sector organization is regarded as that part of the economy that has been categorically run by the very individuals for the sole intention of having profit. It has managed to encompass the various companies as well as the corporations that have been categorically run by the governments which are known as the public sector. As opined by Gonen et al. (2017), the various charities, as well as the organizations, have been part of the voluntary sector. Examples of private sector organizations are Apple, Tesla, as well as Disney (Wood et al 2016). These companies are not controlled by the government like the Private sector.

The aspect of public sector organization is that it manages to include the various aspects of public goods such as the military, infrastructure facilities, enforcement, electrical grids as well as telecommunications systems. It also includes the various aspects of education, public transit as well as healthcare (Wood et al. 2016). The public sector might provide the various services that will be ultimately excluded from the nonpayer. These public enterprises can be regarded for the financing aspects of the commercial enterprises that have been under public ownership. They manage to provide the various goods as well as the services for the point of sale. This is to be able to operate on a commercial basis.

P2

The government can be regarded as Tesco’s only stakeholder. The main motive or the purpose of the organization is to ensure that it manages to provide good quality services to the citizen. Tesco in the UK has been categorized as a public limited company. It has been categorically owned by thousands of people (Zhao et al., 2017). The reason why Tesco has been such a key feature is because of its mammoth size. These organizations can also be regarded as nongovernmental organizations.

It is also regarded as the third sector which is in stark contrast to the private as well as the public sector. As propounded by Nguyen et al. (2017), The only and sole purpose of this organization is to ensure that it manages to make an adequate amount of profit so as to ensure that it manages to sustain itself in the long run. The voluntary organizations that can be categorized are American Red Cross and Human Rights Watch in the United Kingdom.

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Unit 1 Business Environment Lecture Note Nine

Unit 1 Business Environment Lecture Note Nine

AIM
The aim of this unit is to provide learners with an understanding of different organisations, the influence of stakeholders and the relationship between businesses and the local, national and global environments.
UNIT ABSTRACT
Organisations have a variety of
LEARNING OUTCOME
On successful completion of this lecture a learner will:
LO.4: Be able to assess the significance of the global factors that shape national business activities
UNIT LESSON PLAN–This is crucially following the actual unit contents, otherwise known
as Assessment Criteria (AC).
This lecture will attempt to show the learner how to

About the Book
Unit 1 Business Environment Lecture Note NineInternational trade and UKUnit 1 Business Environment Lecture Note NineStart your argument by revealing that Trade is the exchange of products between countries. When conditions are right, trade brings benefits to all countries involved and can be a powerful driver for sustained GDP growth and rising living standardsOne way of expressing the gains from trade in goods and services is to distinguish between static gains (i.e. improvements in allocative and productive efficiency) and dynamic gains (i.e. gains in welfare that occur from improved product quality, increased choice and faster innovative behaviour).Gains from Trade – Understanding Comparative AdvantageFirst introduced by David Ricardo in 1817, comparative advantage exists when a country has a ‘margin of superiority’ in the supply of a good or service i.e. where the marginal cost of production is lowerCountries will generally specialise in and export products which use intensively the factors inputs which they are most abundantly endowedIf each country specializes, total output can be increased leading to better allocative efficiency and welfare.Because production costs are lower, providing that a good price can be found from buyers, specialisation should focus on goods and services that provide the best valueIn many countries, comparative advantage is shifting towards specialising in producing and exporting high-value and high-technology manufactured goods and high-knowledge servicesExample of Comparative AdvantageUsually we take a standard two-country + two-product example to illustrate comparative advantage.
  • Consider two countries producing digital cameras and vacuum cleaners
  • With the same factor resources (inputs) evenly allocated by each country to the production of both goods, the production possibilitiesare as shown in the table below:
OUTPUT BEFORE SPECIALISATIONDigital CamerasVacuum Cleaners
UK600600
United States24001000
Total30001600
Stage 1: Working out the comparative advantage
  • To identify who should specialise in a particular product, consider the internal opportunity costs
  • Were the UK to shift their resources into supplying more vacuum cleaners, the opportunity cost of each vacuum cleaner is one digital television
  • For the United States the same decision has an opportunity cost of 2.4 digital cameras. Therefore, the UK has a comparative advantage in vacuum cleaners
  • If the UK chose to reallocate resourcesto digital cameras the opportunity cost of an extra camera is one vacuum cleaner. But for the USA the opportunity cost is only 5/12ths of a vacuum cleaner.
  • USA has comparative advantage in producing digital cameras because its opportunity cost is lowest
Stage 2: Showing the Output after Specialisation
output after specialisationDigital CamerasVacuum Cleaners
UK0 (-600)1200 (+600)
United States3360 (+960)600 (-400)
Total33601800
  • The UK specializes totally in producing vacuum cleaners – doubling its output – now1200
  • The United States partly specializes in digital cameras increasing output by 960 having given up 400 units of vacuum cleaners
  • As a result of specialisation output of both products has increased – a gain in economic welfare.
Key point:For mutually beneficial trade to take place, the two nations have to agree an acceptable rate of exchange of one product for another. If the two countries trade at a rate of exchange of two digital cameras for one vacuum cleaner, the post-trade position will be as follows:
  • The UK exports 420 vacuum cleaners to the USA and receives 840 digital cameras
  • The USA exports 840 digital cameras and imports 420 vacuum cleaners
Stage 3: Showing the Gains from Trade – Post Trade Output / Consumption
Digital CamerasVacuum Cleaners
UK840780
United States25201020
Total33601800
Compared with the pre-specialisation output levels, consumers now have an increased supply of both goods. Trade protectionismTrade protection is the deliberate attempt to limit imports or promote exports by putting up barriers to trade. Despite the arguments in favour of free trade and increasing trade openness, protectionism is still widely practiced.The motives for protectionThe main arguments for protection are:Protect sunrise industriesBarriers to trade can be used to protect sunrise industries, also known as infant industries, such as those involving new technologies. This gives new firms the chance to develop, grow, and become globally competitive.Protection of domestic industries may allow they to develop a comparative advantage. For example, domestic firms may expand when protected from competition and benefit from economies of scale. As firms grow they may invest in real and human capital and develop new capabilities and skills. Once these skills and capabilities are developed there is less need for trade protection, and barriers may be eventually removed.Protect sunset industriesAt the other end of scale are sunset industries, also known as declining industries, which might need some support to enable them to decline slowly, and avoid some of the negative effects of such decline. For the UK, each generation throws up its own declining industries, such as ship building in the 1950s, car production in the 1970s, and steel production in the 1990s.
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