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6IM511 The Business Consultancy Project

   

Added on  2020-10-22

8 Pages1760 Words184 Views
Business Development
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6IM511 THE BUSINESS CONSULTANCY PROJECTCoursework 1
6IM511 The Business Consultancy Project_1

Table of ContentsIntroduction of Company.......................................................................................................................3Analysis tools.........................................................................................................................................3Recommendations.................................................................................................................................6Conclusion.............................................................................................................................................6REFERENCES..........................................................................................................................................7
6IM511 The Business Consultancy Project_2

Introduction of CompanyTESCO is one of the leading retail organisation of groceries and other foodmerchandise in the world. It was founded in 1919 by Jack Cohen at Hackney,London, UK and headquartered at Welwyn Garden City, England. They have around6,600 stores in different part of the world and have about 460,000 employeesworking with them (Amelec, 2015). The vision of organisation is to make innovativechanges in their functioning and also want to grow their business, which will providelots of opportunities for their employees to grow and develop themselves.Analysis toolsPESTLE : PESTLE is an analytical tool use by organisations, so that they canidentify the external factors that can affect their decisions and also theirperformance. This can help organisation like TESCO in making their future strategiesaccording to the change that will take place in external environment of business.PESTLE AnalysisPolitical factors: This factor can isnot in control of organisation likeTESCO, but also change in this canaffect the performance of them. If thepolitical conditions of a nation is stablethen it become easy for organisationto perform their business and gainprofits ( Antony, 2014).Economic factors: For organisation likeTESCO, it is very important to study theeconomic conditions of a nation, as if theeconomic condition of that nation is stablethen, it become easy for them to performtheir tasks and also provide the productsand services to their customers. It alsohelp organisation in gaining goodcustomer base.Social factors: For TESCO it isimportant to study the demands ofsociety, and understand that whatsociety is expecting from them. Thiswill help them in improving theirgoodwill in society and also help inattracting ample number customerstowards their products and services.Technological factors:Nowadays,technology is changing very quickly, andfor increasing the efficiency of system andoperations, it is required by TESCO toadopt new technologies which will alsohelp them in improving their customersexperience and also leads to increase inprofitability.Legal factors: Every nation haveEnvironmental factors: It is important for
6IM511 The Business Consultancy Project_3

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