Tesco like home insurance, car insurance, phone

Tesco
Tesco first started in
1919 when the founder of Tesco, jack Cohen started selling extra
grocery from a stall in east London, he made a profit of £1 from a
sale of £4 on his first day. And today Tesco is the UKs major plc
with more than 89000 employees globally and it is still growing.
Tesco is an international
company they supply their products in more than 14 countries which
includes china, japan, Malaysia, Thailand, Mexico and many more. They
have more than 2500 stores in all around the world.
Tesco is a public limited
company, that is national and it is in every local borough in London
too. Tesco come from the tertiary sector because it does not make
products by themselves but it mostly provides a valuable service that
consumers and other business are willing to pay for or use. Tesco
sells different types of products. Other businesses who have their
own product can buy shares inside the shop floor and sell their
products in order to makes their own profit. For e.g. the Tesco
supermarket have specific section for cultural products/foods that
people usually have to travel or import from different places to find
and buy them. Tesco made it easier as they sold shares to business
that provide cultural/food products for the benefit of the customers
and it will make it easier for them to find their own goods in public
limited companies.
The main purpose of Tesco
is to make profit and increase their business globally. Their 2nd
purpose is to help people to save money by selling their product
cheaper than the other supermarket stores.
Tesco is a secondary
sector because they made some items by themselves like when the
products have the Tesco brand on the product which means it’s made
by them and tertiary because they supply different type of goods and
services like home insurance, car insurance, phone contracts etc.

Tesco is a PLC ownership
which stands for public limited company owned by the customers and
everyone over 18 years old can buy shares from Tesco. For e.g. an
adult of 18 or over can go online or to the stock exchange to buy
their shares. Then the shares will go up and down depends on the
market.
The advantage of having a
Tesco in a local area is that they will be cheaper compare to all the
other stores around in local.

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The disadvantage of having
a Tesco in a local area is like the small corner shop etc. And it
will not make sale and probably end up in going depth or have to
close are their business because of they won’t be able to compare
with Tesco in price.

Cancer research

Cancer Research UK is
about saving lives through research, in this organisation is the
Cancer. Their mission is to prevent, control and cure cancer through
research that they did and in the last 40 years their work has helped
double survival rates. This is the only charity fighting over 200
types of cancer, they invest on every pound donated by people to help
get us to beating cancer.
Their purpose is to reduce
the number of deaths from cancer. About 300,000 people are diagnosed
with cancer in the UK every year. Every two minutes someone is told
they have the disease. And every year more than 150,000 people die
from the disease. Cancer remains people’s greatest health fear. It
is difficult to overstate the scale of the cancer problem and the
impact it has on the lives of hundreds of thousands of people every
year
Their goals created in
early 2007 that they are willing to accomplish by the year 2020 are:

• People
will know how to reduce their risk of having cancer

• The
number of smokers will go down dramatically

• People
under 75 will be less possibility to get cancer
• Cancer
will be diagnosed earlier when it can be treated

• We
will understand how cancer starts and develops

• There
will be better treatments with low side effects

• More
people will survive cancer

• We
will especially tackle cancer in low income communities

• People
with cancer will get the information they need

• We
will continue to fight cancer beyond 2020

The disadvantages of the
Cancer Research is that they cannot really says that a new treatment
is better than standard treatment, that’s why the new methods must
need to be tested in the first place. But there are advantages to
taking part in a trial like you can get new treatment that works,
that you could not get outside the trial and also you could be
helping to improve treatment for cancer for others. And also you have
more blood tests, CT scans or other cancer tests and also have
check-ups often and for longer with your doctor or research nurse.
There is also possibility that an experiment can harm you. The
research team may not know a great deal about the new treatment yet.

Many people find this
reassuring. Some people find it makes them more nervous and
preoccupied with cancer. Only you know how you feel about this. The
tests and check-ups you need to have are explained to you before you
decide to enter the trial.
A charitable organization
(NPO) is a group with the purpose of benefit society or a group of
people, it is a non-profit organization. The purpose of this
organisation is educational, humanitarian, or religious. The law
favours charities because they encourage goodwill and lessen the
government’s problems. Therefore they do not have to pay income or
property taxes.

A stakeholder is a person
or a group of individual who are interested in the success of a
business in delivering successful results and maintaining the
activity of the businesses products and services. There are internal
and external stakeholders in every company. An internal stakeholder
is someone who is internally connected to the business that have
personal interests which they may follow. An external stakeholder can
be a person or a group of people such as investors, customers,
suppliers, people who are predisposed by the business but are not
fully in the business.

Tesco
Customers
Tesco’s have different
stakeholders who effect the business. One of their stakeholders are
the customers, because these are the people who buy from Tesco their
products and let Tesco make a profit. Tesco try to focus on customer
needs because this means the customers will purchase from Tesco.
Tesco’s customers are attracted in purchasing goods from a big
supermarket so they may would like to be sure that the goods are
appropriate for purpose and they are getting worth for money. Tesco
use market research to target the customer needs and wants and to
ensure they are updated with the market trends and the competitors.
The customers have the capability to offer their feedback to help
Tesco improve certain and specific things that the customers may
like. So, the customers influence Tesco because they can help to make
the company the best can be and to have a better reputation over
other businesses.
Competitors
Tesco have a large amount
of competition in the supermarket industry such as; Asda, M,
Morrison, Lidl, Aldi etc. Having competitors let Tesco to struggle to
be the best for offering good customer service and try to sell
different goods to gain more customers and a reputation. They can
take their competitors to be motivated to success which can mean they
offer different things to try and make difference. Tesco can change
their prices or use a different type of pricing strategy to be
different from their competitors because prices is one of the main
thing that supermarkets work on carefully.
Suppliers
Tesco’s suppliers provide
them goods for their stores in order to sell which is really
important, because without them Tesco would not have anything to
sell. Tesco make sure to have good quality suppliers who can offer
better stock than their competitors. Suppliers help Tesco because it
deliver them with the stock for their company to run and be
successful, also Tesco helps their suppliers by providing them money
because they have large unpackaged orders at a time and also the
suppliers will achieve good name because they supply their goods to
Tesco and this is a successful high-street.

Managers
Also the managers are also
stakeholders, because they cope the salaries and also the performance
of Tesco. The standards of the business need to be achieved
efficiently all the time in order to make sure Tesco be successful.
The managers run the staff and make sure the name of the business is
respectable by having good customer service. If they do not do their
job properly, then something may could go wrong or not be able to
make enough profit and in this way Tesco will not be efficient
because of this the managers have a big importance on Tesco.
Workers
The employees who work in
the Tesco stores have also a very big impact on Tesco because they
are fundamental because they represent Tesco when people come into
the store. They have a huge part in tempting customers to repeat
purchase because if they are well-mannered and helpful to customers
so in his way after the customers will return and bring other
customers, but if an employee is uncooperative and offensive to the
customers they will not come back and they may go to purchase at one
of Tesco’s competitors. They also have huge pressure to make the
business successful by giving a good customer service because they
are making the sales.
Shareholders
Tesco’s shareholders have
an attention on share prices to growth the profit every year and they
may want to see how the business reputation. The shareholders have an
impact on Tesco’s because they can be attracted in a good
long-standing return and because of that they need a positive
influence in order to invest more money in Tesco which means in this
way Tesco can use their money for other things.

Cancer Research
Government
The government have a big
influence in the charity, they support Cancer Research in order to
make sure it’s constant and able to makes different for the people
who are needed and take part in this charity to help. Cancer Research
get money from the government because it is charity and it helps to
allow them to do things they may not have been able to do with less
amount of money.
Community
The stakeholders of the
Cancer Research are the community, because it is a charity
organisation. These the public who grow the charity and make it
well-known and successful. They help them to raise money, organise
fundraisings, fun runs, bake sales etc. They all come together as a
team workers to raise money to help people in the charity. They
influence the charity because without people like them, willing to
help, they would not have money to help people in need.

Tesco and Cancer Research
have different stakeholders because they have different business
buildings. They are both successful businesses, one being a foremost
supermarket and the other being a well-known charity therefore they
are both popular by having different stakeholders. Each people have
different roles for different businesses which means without
stakeholders a business would be able to run easily and be successful
because they all have a huge effect on the business.

From what I did read,
stakeholders have a big impact on the two businesses. All the
stakeholders have a massive connection with the businesses aims and
objectives and their success. It is obvious from looking at every
stakeholder that did donate in order to make the Cancer Research
successful more than they could without any stakeholders. Businesses
grow because of the stakeholders, which means there are people who
make them run. Without stakeholders lot of businesses could not be
able to run easily and may went bankrupt. Stakeholders have a massive
effect in a business success, Cancer Research trust on their
stakeholders extremely.
Also the suppliers,
customers always look for good quality products, what is why they
prefer to shop at Tesco because they can afford high quality goods
from their suppliers. This means that they meet the customer needs
and wants and Tesco’s suppliers have a big influence on being
successful and meeting their aims and objectives. The stakeholders
influence the businesses by supporting, donating, helping etc.
Anything the stakeholder do it is helping the business and making it
always closer to be successful. The businesses provides goods and
services which meets the customer needs, therefore they must always
keep improve their business to stay in competition with their
competitors and try to appeal their target audience.

The businesses should also
coming with new original things which can be introduce into the
business to target a new audience which will extend their customer
and increase their sales, or in Cancer Research’s situation, donate
more money. It’s obvious that they trust on them enough to get good
quality products from them. The suppliers offer them newest goods in
order to run their business. The goods they provide them with allow
Tesco to stand out from their competitors. In order to achieve their
aims and objectives, they must keep a good relationship with their
suppliers to support the business to grow.
Also the manager have an
important impact in the businesses. They are the people who are in
charge of the staff and make sure they are doing their job correctly
to be successful and meet the aims and objectives. If the staff are
not on the right track, the managers have the duty to put them back
on the line to perform their job accurately. They are highly valued
by the businesses because they are in a good relationships with them,
which is a positive thing for the business. It is important in a
business that they listen and communicate with each other as a team
in order to share ideas in between and give feedback to one another.

Also, the managers in
Tesco effect Tesco hugely, which is respectable because the managers
feel appreciated by Tesco as they have given them a part with a lot
of responsibility and power. Additionally, Cancer Research are same
with their donators and managers, as they influence Cancer Research
in above their aims and objectives. Without their donators they would
not be able to achieve what they have done so far because they would
not have the equipment to do so. Cancer Research value their donators
and managers carefully because they have a huge impact on them in
order to meet their aims and objectives.

Customers
keep the business running, Cancer Research provide service, which
meet the customer needs. Cancer Research after present new things to
the customers and try to gain new target audience, in order to grow
the business. The customers have a huge influence on helping the
charity to be successful than their competitors, which is very
important. If customers have good opinions on the charity they will
tell to their friends and family, in this way they can get more
people to donate, work and be involved with Cancer Research. Tesco’s
stakeholders have the same impact as Cancer Research’s, because their
stakeholders have a huge effect on making Tesco successful. Also
their customers impact Tesco is very huge for the same reasons which
it influences Cancer Research. Tesco’s are dependent on their
suppliers, because they provide them products in order to gain
customers and repeat purchases. It is important for Tesco to have a
good relationship with their suppliers because it will make easier
for Tesco to achieve their aims and objectives, By having a good
relationship with their suppliers which means they can make sure that
they get the best quality products for the best value, and also
provide products that appeals to their customer’s needs.