Summary BTEC Business Level 3: Unit 1 - Exploring Businesses (Distinction)
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BTEC Level 3 National Business Student Book 2
Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1 Tesco PLC (Public Limited Company) BTEC level 3 National Extended Business Studies – Unit 1: Exploring Businesses A.P2 – Explain How two contrasting businesses are influenced by its stakeholders A.M1 Assess the relationship and communi...
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BTEC level 3
Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1
Tesco PLC (Public Limited Company)
BTEC level 3 National Extended Business Studies – Unit 1: Exploring Businesses
A.P2 – Explain How two contrasting businesses are influenced by its stakeholders
A.M1 Assess the relationship and communication with stakeholders of two contrasting business
using independent research
B.P3- Explore the organization structures aims and objectives of two contrasting businesses
Tesco PLC
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B.M2 Analyses how the structures of two contrasting businesses allow each to achieve its aims and
objectives
AB.D 1- Evaluate the reasons for the success of two contracting businesses, reflecting on evidence
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gathered
Unit 1: Exploring Business- Assignment 2
D1 Unit 1: Exploring Business
C.P4 – NSPCC’s Organizational structure
Unit 1: Exploring Businesses M4- Assess how a given business has responded to changes on a
market
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Unit 1: Exploring Businesses D2 – Evaluate the extent to which the business environment affects a
given organization, using a variety of situational analysis techniques
Unit 1: Exploring Businesses D3 – Evaluate how changes in the market have impacted on a given
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business and how this business may react to future changes
P1 Unit 1: Exploring Business
National Society for the Prevention of Cruelty to Children (NSPCC)
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P4 M3 BTEC Business Level 3 Unit 1: Exploring Business
BTEC Business Level 3 P2 Unit 1: Exploring Business
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Pearson BTEC Level 3 national Foundation Diploma in Business Unit 1:
Exploring Business- Assignment 1
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Learning Aim:
A: Explore the features of different businesses and analyses what makes them
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successful
B: Investigate how businesses are organized
Assessor: Suzanne Sharpies
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Assignment title: Features contributing to the success
of contracting businesses
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Introduction
This assignment has been studied for a Public limited company and a non-profit organization, which
therefore is Tesco PLC and Cancer research UK has been chosen. The characteristics of these two
successful companies will be carefully explored. Therefore, an introduction will be implemented
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, which will be contrasted with the following ownership and liability, company establishment,
liabilities, purpose and industrial sector of the two companies.
1/A.P1 Explain the features of two contrasting businesses
Summary
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Cancer Research UK is a non-profit organisation a registered charity. A non-profit
organisation like Cancer Research is an organization that doesn't receive cash for its owners
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has an objective like donating cash to social causes. A non-profit organisation has much
more to do than just make profit.
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The characteristics of a non-profit organisation are that it is not based on the concept of
profit making. Although it is certainly a significant consideration to make as much cash as
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possible (to have the greatest possible resources to offer individuals in need too). A non-
profit organisation like cancer research is focused on offering as much social assistance as
possible. A non-profit organisation is fun, not for private gain, for the advantage of the
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public. They're not out there to make a profit, so they get additional government support
that includes tax exemption, so they don't have to pay taxes.
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The purpose of Cancer Research UK is to provide efficient cancer research and to attempt to
increase awareness. Established in February 2002. Cancer Research UK attempts to define
causes and create prevention, diagnosis, therapy, and cure strategies. The non-profit
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organisation was established by forming the campaign for cancer research and the Imperial
Fund for Cancer Research. The organisation per annum reaches around £634.81 million.
Ownership and liability
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Cancer research is clearly a non-profit organisation out of the three company sectors
(public, private and non-profit). This means its organisation with the aim of doing something
socially good instead of just making a profit. They are getting funded, raising cash, and
accepting donations.
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Cancer research as a UK registered charity, is a charity that works for charitable purposes
and must devote its resources and resources to charitable operations. The charity must be
resident in the United Kingdom and cannot use their revenue to help their trustees. As a
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charity, the benefits they receive should not be used for their members ' private use.
There are trustees in a registered charity, such as cancer research, considered as the
equivalent in a public limited company as a shareholder. These trustees form a charity's
governing body. The trustees are the people who make the large choices. They have a legal
function to guarantee that revenue from the organisations is well spent, in the correct
manner, and that any debts are evident. Trustees generally select a board of directors for
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, charities, which is headed by a chief executive, just like a PLC.
As a registered charity, cancer research is responsible for the misuse of donation money
they are caught. That's the trustees ' job of making sure the money is given to a good cause,
not for personal use or gain. Therefore, another responsibility would be to ensure that for
any reason the organisation is not fined or in trouble. This is the responsibility of the
trustees, as they also regulate the company by the authority. This leads to the liability of the
charity if it went to a loss it would mean losing all of the money which was funded towards
the charity.
Purpose
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The purpose of Cancer Research UK, as a non-profit organisation, is to provide a solution to
the dilemma of life loss through cancer form. Being a globally renowned charity, they can
alternate the lives of so many unfortunate individuals across the entire world. One goal that
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UK cancer research has is to provide the world with a secure, cancer-free future. By
providing sustainable programs, public education and multiple campaigns to help raise
awareness, Cancer Research UK is trying to fulfil these goals. By doing all this, they want to
achieve innovative and practical ways of learning from or working with other organisations
on a much wider scale.
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The vast advances in the fight against cancer have been recognized by Cancer Research UK.
Less than a quarter of people diagnosed survived in the 1970s, another last 40 years,
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survival has more than doubled, a half will know how to survive. The ambition of cancer
research is to speed up the progress of survival for cancer. However, within the 20 years,
expectations have it that at least three quarters of people will have to survive the disease.
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Cancer research UK does not only aim to fight cancer only in UK. Therefore, it helps the
entire world and make a good impact globally. It’s a popular non-for-profit organisation
especially in Europe. It has one of the most advanced cancer research centres globally. The
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donations and funds that they gain is used on their scientific research and health care
operations. Therefore, this leads to local communities helping fighting cancer together in a
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large scale.
Industrial sector
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Cancer research UK is not included in one industry sector because it provides a service and
helps people therefore it produces products. It is therefore secondary and tertiary as it
demonstrates the service of health care and education, as this shows it is tertiary due to
providing a service for health care and education. They are also secondary as they build new
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equipment and develop new cancer fighting methodology.
Scope of Business
Cancer Research UK, although its study and methodology is used on a worldwide scale in the
fight against cancer, the non-profit organisation itself works on a domestic scale, operating
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only in the UK.
Size of a business
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Cancer research being globally known as very successful; it is large business. Being honest
and working to fight cancer they sure to have many volunteers to help them along the way.
The number of employees working for cancer research are 44,000 employees. Om the other
hand, only 4,000 of these are getting paid which leads to 40,000 people being volunteers. in
fact, this is in United Kingdom alone. Employees like chief executive officers and lead
scientists for cancer researchers are the ones getting paid. The volunteers, even though they
work for free their travel expenses are claimed for.
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, Tesco PLC (Public Limited Company)
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Summary
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Tesco’s boasts over 6,300 stores globally as a major UK retailer. As such a large retailer,
Tesco has pledged to be committed to delivering products of sustainable value to both its
stakeholders and its clients.
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Owning an equity or a stake in the company are called Shareholders as they have an interest
in the business. Tesco is extremely dedicated to their high product requirements and
guarantees that their own branded products are very high standards for their stakeholders:
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including food, apparel and home goods.
Purpose of being PLC
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The public limited company's (Tesco) intention is to provide the peak possible service to its
customers while ensuring they have the necessary products. This would primarily maximize
earnings for their shareholders while maintaining a healthy reputation and connection with
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their clients and stakeholders. The motto of Tesco's is "Every little help." They strive to offer
high quality products, including food and daily needs such as clothing and fundamental
home furnishings.
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Ownership and Liability
Tesco is an organisation of the private sector. This means that they are a share of the
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economy that is not directly influenced by state control. Tesco plc has a private sector
organisation that means the company has multiple shareholders and has no government
involvement or ownership.
Tesco's ownership is a PLC whose shares on the stock exchange market can be freely sold to
the public. Tesco's plc's largest shareholders are BlackRock Inc., a Global Multi Asset
Revenue Fund, with a £ 1.13 billion stake in Tesco PLC.
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The firm has a limited liability as a Public Limited Company. Tesco's liability is financial debt
and obligations that arise during their operations. Limited liability means shareholders are
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legally liable for the company's debt only to the extent of their share's initial value. This
means shareholders are safe, if corporate debts are not a personal issue for them, this leads
to only losing their investment of the share. Unlike unlimited company.
The 4 Business sector
There are 4 sectors which are held in the industry, which therefore includes primary,
secondary, tertiary and quaternary.
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