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business level 3- unit 1 exploring business- assignment 1
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- Unit 1 - Exploring Business
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- PEARSON (PEARSON)
business level 3- unit 1 exploring business- assignment 1
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Assignment 1- Unit 1exploring business
14.11.22
Assignment 1
Features contributing to the success of contrasting businesses
Introduction
1
, In this assignment, I'll be exploring 2 contrasting businesses; Tesco and Cancer research UK.
I'll be explaining the features of both these businesses, how they're both influenced by
stakeholders, analysing and exploring both businesses aims and objectives as well as the
structure of both organisations and how both businesses are successful.
P1
Tesco
History and purpose
Tesco, which is a private sector business but public limited company, was founded by Jack
Cohen: an English grocer in 1919, in Hackney east London. Soon later, in 1929 North London
he opened the first Tesco store. He was inspired to open Tesco after he came back from war
and set up a market stall to sell groceries. As of 2022. Tesco has 345,000 employees and
over 30 million customers. There are over 5000 Tesco stores in the UK. By 2035, Tesco
hopes to stop using plastic and encourage more sustainable diets. The name comes from
the initials of TE Stockwell, who was a partner in the firm of tea suppliers, and CO from
Jack's surname (1 Tesco.) Tesco, the 102-year-old supermarket that dominates British retail,
has set out plans for its operations to hit a net-zero carbon target by 2035 through using
renewable energy, cutting plastic, and encouraging more sustainable diets (2 pmtoday.)
Tesco's purpose is to provide high quality products for all their customers to keep them
satisfied and to keep their reputation on top.
Ownership and liability
A public limited company like Tesco is identified as belonging to a private sector not owned
by the government as the company has multiple shareholders. A public limited company
means Tesco's shareholders have limited liability; BlackRock inc, Silchester International
Investors LLP and Fidelity International also known as FIL Limited. Tesco's biggest
shareholder BlackRock inc, has a £1.13 billion stake in Tesco (3 Tesco.) Tesco being a limited
liability company means if they go into debt, the shareholders are responsible. Tesco is
owned by shareholders, investors and the public who all have shares in the business. An
advantage of Tesco being a public limited company is that it makes it much easier for Tesco
to raise finance, shareholders can always make money as Tesco's shares are publicly shared
to anyone and lastly, the share value as Tesco's value will be shown by the market
capitalisation from being the share price being what it’s based on. This all gives Tesco a good
status and reputation for the public. However, there are also disadvantages to Tesco being a
public limited company. These include other PLC companies such as Rolls Royce can always
buy Tesco's shares and take over the company as they are publicly shared and if Tesco's
share prices drop this will affect the shareholders as they won't have much to invest in.
Tesco being a public limited company means they have limited liability. This means there is a
limit placed upon the amount that can be claimed (4 textbook.) This means the
shareholders have limited liability which means that their personal possessions cannot be
2
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