TescoTesco first started in1919 by jack Cohen, the funder. He started selling grocery in stallin east London, he raise £1 as profit from a sale of £4 the firstday. Today Tesco is one of the biggest UKs plc with more than 89000employees globally and it is still growing.Tesco is an internationalcompany they supply their products in more than 14 countries includeschina, japan, Malaysia, Thailand, Mexico and many more. They havemore than 2500 stores in all around the world.Tesco is a public limitedcompany, it is national and it based in every local borough ofLondon. Tesco come from the tertiary sector because it does not makeproducts by themselves but it mostly provides a valuable service thatconsumers and other business are willing to pay for or use. Tescosells different types of products.
Other businesses who have theirown product can buy shares inside the shop floor and sell theirproducts in order to makes their own profit. For e.g. the Tescosupermarket have specific section for cultural products/foods thatpeople usually have to travel or import from different places to findand buy them. Tesco made it easier as they sold shares to businessthat provide cultural/food products for the benefit of the customersand it will make it easier for them to find their own goods in publiclimited companies.
The main purpose of Tescois making profit and increasing their business globally. Their 2ndpurpose is to help people to save money by selling their productcheaper than the other supermarket stores.Tesco is a secondarysector because they made some items by themselves like when theproducts have the Tesco brand on the product which means it’s madeby them and tertiary because they supply different type of goods andservices like home insurance, car insurance, phone contracts etc. Tesco is a PLC ownershipwhich mean it is owned by the customers and everyone over 18 yearsold can buy shares from Tesco. like an adult of 18 or over can goonline or stock exchange and buy their shares. Then the shares willgo up and down depending on the market.The advantage of having aTesco in a local area is that they are cheaper then the other storesaround in local.
The disadvantage of havinga Tesco in a local area is like the small corner shop etc. And theycannot make sale and probably go in depth or close the businessbecause they cannot compare with Tesco.Cancer research Cancer Research UK isabout saving lives through research, in this organisation is theCancer. Their mission is to prevent, control and cure cancer throughresearch that they did and in the last 40 years their work has helpeddouble survival rates. This is the only charity fighting over 200types of cancer, they invest on every pound donated by people to helpget us to beating cancer.
Their purpose is to reducethe number of deaths from cancer. About 300,000 people are diagnosedwith cancer in the UK every year. Every two minutes someone is toldthey have the disease. And every year more than 150,000 people diefrom the disease.
Cancer remains people’s greatest health fear. Itis difficult to overstate the scale of the cancer problem and theimpact it has on the lives of hundreds of thousands of people everyyearTheir goals created inearly 2007 that they are willing to accomplish by the year 2020 are: • Peoplewill know how to reduce their risk of having cancer • Thenumber of smokers will go down dramatically • Peopleunder 75 will be less possibility to get cancer• Cancerwill be diagnosed earlier when it can be treated • Wewill understand how cancer starts and develops • Therewill be better treatments with low side effects • Morepeople will survive cancer • Wewill especially tackle cancer in low income communities • Peoplewith cancer will get the information they need • Wewill continue to fight cancer beyond 2020 The disadvantages of theCancer Research is that they cannot really says that a new treatmentis better than standard treatment, that’s why the new methods mustneed to be tested in the first place. But there are advantages totaking part in a trial like you can get new treatment that works,that you could not get outside the trial and also you could behelping to improve treatment for cancer for others. And also you havemore blood tests, CT scans or other cancer tests and also havecheck-ups often and for longer with your doctor or research nurse.There is also possibility that an experiment can harm you.
Theresearch team may not know a great deal about the new treatment yet. Many people find thisreassuring. Some people find it makes them more nervous andpreoccupied with cancer. Only you know how you feel about this. Thetests and check-ups you need to have are explained to you before youdecide to enter the trial.A charitable organization(NPO) is a group with the purpose of benefit society or a group ofpeople, it is a non-profit organization.
The purpose of thisorganisation is educational, humanitarian, or religious. The lawfavours charities because they encourage goodwill and lessen thegovernment’s problems. Therefore they do not have to pay income orproperty taxes.
A stakeholder is a personor a group of individual who are interested in the success of abusiness in delivering successful results and maintaining theactivity of the businesses products and services. There are internaland external stakeholders in every company. An internal stakeholderis someone who is internally connected to the business that havepersonal interests which they may follow.
An external stakeholder canbe a person or a group of people such as investors, customers,suppliers, people who are predisposed by the business but are notfully in the business. TescoCustomersTesco’s have differentstakeholders who effect the business. One of their stakeholders arethe customers, because these are the people who buy from Tesco theirproducts and let Tesco make a profit. Tesco try to focus on customerneeds because this means the customers will purchase from Tesco.
Tesco’s customers are attracted in purchasing goods from a bigsupermarket so they may would like to be sure that the goods areappropriate for purpose and they are getting worth for money. Tescouse market research to target the customer needs and wants and toensure they are updated with the market trends and the competitors.The customers have the capability to offer their feedback to helpTesco improve certain and specific things that the customers maylike. So, the customers influence Tesco because they can help to makethe company the best can be and to have a better reputation overother businesses.CompetitorsTesco have a large amountof competition in the supermarket industry such as; Asda, M&S,Morrison, Lidl, Aldi etc. Having competitors let Tesco to struggle tobe the best for offering good customer service and try to selldifferent goods to gain more customers and a reputation.
They cantake their competitors to be motivated to success which can mean theyoffer different things to try and make difference. Tesco can changetheir prices or use a different type of pricing strategy to bedifferent from their competitors because prices is one of the mainthing that supermarkets work on carefully.SuppliersTesco’s suppliers providethem goods for their stores in order to sell which is reallyimportant, because without them Tesco would not have anything tosell.
Tesco make sure to have good quality suppliers who can offerbetter stock than their competitors. Suppliers help Tesco because itdeliver them with the stock for their company to run and besuccessful, also Tesco helps their suppliers by providing them moneybecause they have large unpackaged orders at a time and also thesuppliers will achieve good name because they supply their goods toTesco and this is a successful high-street.ManagersAlso the managers are alsostakeholders, because they cope the salaries and also the performanceof Tesco.
The standards of the business need to be achievedefficiently all the time in order to make sure Tesco be successful.The managers run the staff and make sure the name of the business isrespectable by having good customer service. If they do not do theirjob properly, then something may could go wrong or not be able tomake enough profit and in this way Tesco will not be efficientbecause of this the managers have a big importance on Tesco.WorkersThe employees who work inthe Tesco stores have also a very big impact on Tesco because theyare fundamental because they represent Tesco when people come intothe store. They have a huge part in tempting customers to repeatpurchase because if they are well-mannered and helpful to customersso in his way after the customers will return and bring othercustomers, but if an employee is uncooperative and offensive to thecustomers they will not come back and they may go to purchase at oneof Tesco’s competitors. They also have huge pressure to make thebusiness successful by giving a good customer service because theyare making the sales.ShareholdersTesco’s shareholders havean attention on share prices to growth the profit every year and theymay want to see how the business reputation. The shareholders have animpact on Tesco’s because they can be attracted in a goodlong-standing return and because of that they need a positiveinfluence in order to invest more money in Tesco which means in thisway Tesco can use their money for other things.
Cancer ResearchGovernmentThe government have a biginfluence in the charity, they support Cancer Research in order tomake sure it’s constant and able to makes different for the peoplewho are needed and take part in this charity to help. Cancer Researchget money from the government because it is charity and it helps toallow them to do things they may not have been able to do with lessamount of money.CommunityThe stakeholders of theCancer Research are the community, because it is a charityorganisation.
These the public who grow the charity and make itwell-known and successful. They help them to raise money, organisefundraisings, fun runs, bake sales etc. They all come together as ateam workers to raise money to help people in the charity. Theyinfluence the charity because without people like them, willing tohelp, they would not have money to help people in need.Tesco and Cancer Researchhave different stakeholders because they have different businessbuildings.
They are both successful businesses, one being a foremostsupermarket and the other being a well-known charity therefore theyare both popular by having different stakeholders. Each people havedifferent roles for different businesses which means withoutstakeholders a business would be able to run easily and be successfulbecause they all have a huge effect on the business.From what I did read,stakeholders have a big impact on the two businesses. All thestakeholders have a massive connection with the businesses aims andobjectives and their success. It is obvious from looking at everystakeholder that did donate in order to make the Cancer Researchsuccessful more than they could without any stakeholders.
Businessesgrow because of the stakeholders, which means there are people whomake them run. Without stakeholders lot of businesses could not beable to run easily and may went bankrupt. Stakeholders have a massiveeffect in a business success, Cancer Research trust on theirstakeholders extremely.Also the suppliers,customers always look for good quality products, what is why theyprefer to shop at Tesco because they can afford high quality goodsfrom their suppliers. This means that they meet the customer needsand wants and Tesco’s suppliers have a big influence on beingsuccessful and meeting their aims and objectives. The stakeholdersinfluence the businesses by supporting, donating, helping etc.Anything the stakeholder do it is helping the business and making italways closer to be successful. The businesses provides goods andservices which meets the customer needs, therefore they must alwayskeep improve their business to stay in competition with theircompetitors and try to appeal their target audience.
The businesses should alsocoming with new original things which can be introduce into thebusiness to target a new audience which will extend their customerand increase their sales, or in Cancer Research’s situation, donatemore money. It’s obvious that they trust on them enough to get goodquality products from them. The suppliers offer them newest goods inorder to run their business. The goods they provide them with allowTesco to stand out from their competitors. In order to achieve theiraims and objectives, they must keep a good relationship with theirsuppliers to support the business to grow.Also the manager have animportant impact in the businesses. They are the people who are incharge of the staff and make sure they are doing their job correctlyto be successful and meet the aims and objectives. If the staff arenot on the right track, the managers have the duty to put them backon the line to perform their job accurately.
They are highly valuedby the businesses because they are in a good relationships with them,which is a positive thing for the business. It is important in abusiness that they listen and communicate with each other as a teamin order to share ideas in between and give feedback to one another. Also, the managers inTesco effect Tesco hugely, which is respectable because the managersfeel appreciated by Tesco as they have given them a part with a lotof responsibility and power.
Additionally, Cancer Research are samewith their donators and managers, as they influence Cancer Researchin above their aims and objectives. Without their donators they wouldnot be able to achieve what they have done so far because they wouldnot have the equipment to do so. Cancer Research value their donatorsand managers carefully because they have a huge impact on them inorder to meet their aims and objectives. Customerskeep the business running, Cancer Research provide service, whichmeet the customer needs. Cancer Research after present new things tothe customers and try to gain new target audience, in order to growthe business. The customers have a huge influence on helping thecharity to be successful than their competitors, which is veryimportant.
If customers have good opinions on the charity they willtell to their friends and family, in this way they can get morepeople to donate, work and be involved with Cancer Research. Tesco’sstakeholders have the same impact as Cancer Research’s, because theirstakeholders have a huge effect on making Tesco successful. Alsotheir customers impact Tesco is very huge for the same reasons whichit influences Cancer Research. Tesco’s are dependent on theirsuppliers, because they provide them products in order to gaincustomers and repeat purchases. It is important for Tesco to have agood relationship with their suppliers because it will make easierfor Tesco to achieve their aims and objectives, By having a goodrelationship with their suppliers which means they can make sure thatthey get the best quality products for the best value, and alsoprovide products that appeals to their customer’s needs.