A big business is a commercial enterprise organized and financed on a scale large enough to influence social and political policies while a small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. I am going to emphasize on the sole trader and public limited liability company. The article will be on Tesco and the News agent which is popularly known as the corner shop.
Tesco plc. (Public limited company) is a global grocery and general merchandise retailer, headquartered in Cheshunt in the United Kingdom. Tesco is the third largest retailer in the world, measured by revenues and the second largest, measured by profit. Tesco has around 5380 stores around the world.Most of the people think that Tesco is an international business however; Tesco is defined as a global business because as mentioned before, it has a large number of stores in 14 countries across Asia, Europe and North America.
Tesco is in the tertiary sector and is the leader grocery market leader in the UK; it has a market share of 30%. It also is the market leader in Malaysia, Republic of Ireland and Thailand.
. The stakeholders who influence the purpose of these contrasting organizations.
A stakeholder is an individual or group with an interest in the success of an organization in delivering intended results and maintaining the viability of the organization’s products and services. There are internal and external stakeholders in every organization. An internal stakeholder is someone linked internally to the organization that has personal interests which they might pursue; for example managers might seek organizational growth over profits, employees seek high wages and owners would seek for their shares to increase in value. External stakeholders can be individuals or groups such as customers, suppliers, lenders, or the public which influence and are influenced by an organization but are not its internal part.