Purpose & ownership of two contrasting (different) organisations.
Tesco & NHS
Introduction: I will be explaining two different businesses that what their purposes are, what kind ownership are they and what is the type of their business.
Tesco started in 1919 when jack Cohen started selling surplus grocery from a stall in east London. Mr Cohen who is the founder of Tesco made a profit of £1 from a sale of £4 on his first day. And today Tesco is the UKs biggest supermarket company by employing about 89000 people internationally and still expanding.
Tesco is an international company they got their branches in over 14 countries which includes china, japan, Malaysia, Thailand, Mexico and many more. They got over 2500 stores internationally all around the world.
Tesco is a public limited company or PLC that’s national (spread all over the parts of UK) and is also in every local borough in London. Tesco’s belong to the tertiary sector because it does not make products as such but it mainly provides a valuable service that consumers and other business are prepared to pay for and/ or use. Tesco sells different types of products and most of them are fair trade. Some other companies or people who have their own business buy shares or a section inside the actually shop floor and sell their own products which makes their own profit. For e.g. if you visit a Tesco shop floor there is specific section for cultural products/foods that people usually have to travel to different places to find. Tesco have made it easier as they have sold shares to business that provide cultural/food products for 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 expand their business. Their 2nd purpose is to help people save money by selling their product cheaper compare to other super market stores.
Tesco is a secondary sector because they make some items themselves like when the products have the Tesco brand make on it. It means it’s made by them and tertiary because they provide variety of different services like home insurance, car insurance, phone contracts etc.
Tesco is a PLC ownership which stands for public limited company own by public and any one can buy Tesco’s shares if you are over 18. For e.g. an adult of 18 and over will go online or can also go to stock exchange buy their shares. Then the shares will go up and down depends on the market.
I believe the advantage of having a Tesco in a local area would be that they will be cheaper compare to all the other stores around in local.
I believe the disadvantage of having a Tesco in a local area would be that the small corner shop etc. will not make sale and most probably end up in going depth or have to shut down their business because of they won’t be able to compare with Tesco in price.Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership. Tesco Ownership the advantages of the type of ownership Tesco are is that Tesco have a limited liability for the shareholders, the business can raise a large capital sum as there is no limit to the number of shareholders. The disadvantages are the original owners may lose control, there are strict control and regulations to comply in order to protect the interest.
The National Health Service (NHS) was founded in 1968 and was funded through general taxation and national insurance of the UK. The NHS was developed to provide a comprehensive health and rehabilitation service for prevention and cure of disease. Today the NHS remains the publicly funded healthcare system of the United Kingdom and id the oldest single payer healthcare system in the world.
The National Health Service (NHS) is an organisation in the Public sector, this means that it is provided and funded by the government through taxes, and it provides a service. It is health care system, provided to anyone regardless of age, race and income; free of charge to prevent diseases and illnesses. It was founded in 1948 with the aims to improve the quality and length of life of local people; to provide better services where they are needed most; and to help people to take more control of their health. Although one of its aims is to provide a service to the local people, the NHS is a national business; it has over 400 hospitals/clinics in the UK but not in any other country, therefore not allowing it to be an international or global organisation. The NHS does not have hospitals in other countries as the service is only provided to people paying taxes in the UK.
The NHS employs more than 1.6 million people, putting it in the top five of the world’s largest workforces together with the US Department of Defence, McDonalds, Walmart and the Chinese People’s Liberation Army. The NHS in England is the biggest part of the system by far, catering to a population of 53.9 million and employing more than 1.3 million people. Of those, the clinically qualified staff include 40,236 general practitioners (GPs), 351,446 nurses, 18,576 ambulance staff, and 111,963 hospital and community health service (HCHS) medical and dental staff.
The NHS have a limited liability. This tells us that the shareholders possessions remain safe if the company has to close as they are only liable for the amount they have invested in the business.
The NHS has not got any of types of ownership; the NHS is a publicly funded healthcare service through the taxation, provided by the government. This government department collects money from taxes and puts it directly into the NHS’s funds; the government do not directly control the NHS, a management system is in charge of how the organisation runs and how the money is spent on it.
Written by: Dimple Depala
References:
http://www.abdo.org.uk/news/optical-sector-granted-new-use-of-the-nhs-logo/
https://en.wikipedia.org/wiki/Tesco
https://en.wikipedia.org/wiki/History_of_the_National_Health_Service_(England)