Unit 2 P3
Unit 2 P3 and M1
Physical and Technological Resources in an Organisation
Tesco
Tesco PLC are a team of 530,000 people in 12 markets dedicated to bringing the best value, choice and service to their millions of customers each week. Tesco was founded in 1919 by Jack Cohen and started out as selling products from a market stall. The Tesco name first appeared after a shipment he ordered for tea from T.E. Stockwell so he combined those initials with the last two letters of his surname to make Tesco. Tesco has roughly 6,300 stores worldwide and continue to grow. Their revenue for 2013 was £64 billion. Over this past year Tesco have opened 166 new stores (mostly Tesco Express) worldwide.
Physical Resources
Physical resources are resources that are available to business organisations in the form of various buildings and machinery needed for the running of a business.
Buildings and Facilities – Every business would needs premises from which they operate, this can range from someone’s own house or office blocks all over the world. Buildings do play a huge role in the image of a business and can influence all types of customers e.g. financial institutions such as Lloyds TSB and HSBC have extremely famous buildings as their headquarters in London which is also near the London stock exchange so that they can maintain links with clients in person as well as online.
The location of the building is very important when a business considers its distribution; if a business locates nearer to a place where there are many more customers, then their profits with dramatically increase. For example Tesco have major warehouses in central Europe as it would make trading a whole lot easier because they can easily access other countries. For many businesses, the attractiveness of the building isn’t as important as the inside because customers are never really expected to see the building itself and the warehouses tend to be out of sight anyway. For example Tesco
Physical and Technological Resources in an Organisation
Tesco
Tesco PLC are a team of 530,000 people in 12 markets dedicated to bringing the best value, choice and service to their millions of customers each week. Tesco was founded in 1919 by Jack Cohen and started out as selling products from a market stall. The Tesco name first appeared after a shipment he ordered for tea from T.E. Stockwell so he combined those initials with the last two letters of his surname to make Tesco. Tesco has roughly 6,300 stores worldwide and continue to grow. Their revenue for 2013 was £64 billion. Over this past year Tesco have opened 166 new stores (mostly Tesco Express) worldwide.
Physical Resources
Physical resources are resources that are available to business organisations in the form of various buildings and machinery needed for the running of a business.
Buildings and Facilities – Every business would needs premises from which they operate, this can range from someone’s own house or office blocks all over the world. Buildings do play a huge role in the image of a business and can influence all types of customers e.g. financial institutions such as Lloyds TSB and HSBC have extremely famous buildings as their headquarters in London which is also near the London stock exchange so that they can maintain links with clients in person as well as online.
The location of the building is very important when a business considers its distribution; if a business locates nearer to a place where there are many more customers, then their profits with dramatically increase. For example Tesco have major warehouses in central Europe as it would make trading a whole lot easier because they can easily access other countries. For many businesses, the attractiveness of the building isn’t as important as the inside because customers are never really expected to see the building itself and the warehouses tend to be out of sight anyway. For example Tesco