Improving and Resubmitting Original Work with Reflective Commentary
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This document provides guidance on improving and resubmitting original work with a reflective commentary. It includes steps to review feedback, revisit and rewrite the work, and address weak areas. The document also discusses the importance of analyzing the business environment and applying appropriate analytical approaches.
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For students who are offered a resit you are required to improve and resubmit your
original work as well as adding a further reflective commentary discussing what you
have learned from the process.
You must resubmit your work using the specific resit Turnitin link on Moodle.
You should:
1. Review your previously submitted work and read carefully the feedback given by
the marker.
2. Use this feedback to help you revisit and rewrite your work, improving it in the
areas identified as weak in the original marking process
3. Include with your resubmission an additional reflective piece up to
300, ideally at the start of the document before the report itself on what
you understand was weak, how you set about addressing this and
what you have learned from this that may help you with further
project . You should address the following specifically:
i) Identify tutor feedback points on your original work and identify
where/how the resit work has changed (give page number) in
response to feedback
ii) Identify the lessons you have learnt from doing the resit
iii) Reflect on how your feedback and this process will help you
improve future project
This is the feedback tutor has given to me that you have to work on
(300 words)
And improve the original work as well using this information
The original work I send it below.
Criterion 1: Information on the selected business organisation (20%)
A reasonable amount of useful background information has been provided on the selected
business organisation. However, you should provide the source from where you derived the
data.The section can further be improved by providing your chosen company’s statistical data
from some credible sources such as number of employees, worldwide area of operations,
competitors, product range and market share etc. You haven't discussed your allocated country
Spain until page 6, in which country Tesco is considering FDI decision and which countries
environment you are going to analyse. You should mention that in introduction to facilitate the
readers.
Criterion 2: Discussion of the allocated business environment (20%)
The report contains an adequate discussion of the main factors, issues and considerations relating
to the business environment in the allocated country. You should identify some economic
indicators such as GDP, PPP, inflation, employment and then analysed them how they can offer
original work as well as adding a further reflective commentary discussing what you
have learned from the process.
You must resubmit your work using the specific resit Turnitin link on Moodle.
You should:
1. Review your previously submitted work and read carefully the feedback given by
the marker.
2. Use this feedback to help you revisit and rewrite your work, improving it in the
areas identified as weak in the original marking process
3. Include with your resubmission an additional reflective piece up to
300, ideally at the start of the document before the report itself on what
you understand was weak, how you set about addressing this and
what you have learned from this that may help you with further
project . You should address the following specifically:
i) Identify tutor feedback points on your original work and identify
where/how the resit work has changed (give page number) in
response to feedback
ii) Identify the lessons you have learnt from doing the resit
iii) Reflect on how your feedback and this process will help you
improve future project
This is the feedback tutor has given to me that you have to work on
(300 words)
And improve the original work as well using this information
The original work I send it below.
Criterion 1: Information on the selected business organisation (20%)
A reasonable amount of useful background information has been provided on the selected
business organisation. However, you should provide the source from where you derived the
data.The section can further be improved by providing your chosen company’s statistical data
from some credible sources such as number of employees, worldwide area of operations,
competitors, product range and market share etc. You haven't discussed your allocated country
Spain until page 6, in which country Tesco is considering FDI decision and which countries
environment you are going to analyse. You should mention that in introduction to facilitate the
readers.
Criterion 2: Discussion of the allocated business environment (20%)
The report contains an adequate discussion of the main factors, issues and considerations relating
to the business environment in the allocated country. You should identify some economic
indicators such as GDP, PPP, inflation, employment and then analysed them how they can offer
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opportunities and threats to Tesco. Similarly, in section on legal factors, which laws are you
referring to? you should discuss them. There is no discussion on environmental factors. Other
sections are also with limited analysis and more with generic discussion. Similarly, Porter five
forces section is also with limited analysis. You should identify threats and opportunities and
analysed them how they affect your chosen organization.
Criterion 3: Application of an appropriate analytical approach (25%)
The analytical approach that has been applied poorly. Appropriate analytical techniques have
been used but these have not been applied in an effective manner.
You should discuss those enviromental issues in Spain and how they can affect Tesco.
Criterion 4: Use and application of appropriate data and examples (15%)
Not a range of examples have been included in the report.
Criterion 5: Structure and quality of writing in the report (10%)
The organisation of the report and its structure is not in order there is a repetition Pestle and
introduction is provided twice.
Criterion 6: Presentation and referencing (10%)
Adequate presentation and formatting throughout. Referencing contains some omissions and
inconsistencies. As many sections are lacking in-text citations. You should provide more
citations to show that you have covered the topic with broader range of reading.
This is your original work:
referring to? you should discuss them. There is no discussion on environmental factors. Other
sections are also with limited analysis and more with generic discussion. Similarly, Porter five
forces section is also with limited analysis. You should identify threats and opportunities and
analysed them how they affect your chosen organization.
Criterion 3: Application of an appropriate analytical approach (25%)
The analytical approach that has been applied poorly. Appropriate analytical techniques have
been used but these have not been applied in an effective manner.
You should discuss those enviromental issues in Spain and how they can affect Tesco.
Criterion 4: Use and application of appropriate data and examples (15%)
Not a range of examples have been included in the report.
Criterion 5: Structure and quality of writing in the report (10%)
The organisation of the report and its structure is not in order there is a repetition Pestle and
introduction is provided twice.
Criterion 6: Presentation and referencing (10%)
Adequate presentation and formatting throughout. Referencing contains some omissions and
inconsistencies. As many sections are lacking in-text citations. You should provide more
citations to show that you have covered the topic with broader range of reading.
This is your original work:
Table of Contents
BUSINESS REPORT....................................................................................................................4
Introduction................................................................................................................................4
Background to Business Organisation..................................................................................4
Background to Business Environment...................................................................................5
Analysis of the Business Scenario.........................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES............................................................................................................................10
BUSINESS REPORT....................................................................................................................4
Introduction................................................................................................................................4
Background to Business Organisation..................................................................................4
Background to Business Environment...................................................................................5
Analysis of the Business Scenario.........................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES............................................................................................................................10
BUSINESS REPORT
Introduction
Global economy can be described as the economy of all over the world and it
will lead to have major impact on performance and business practices of
organisation. It is essential for company to consider economy of the nation while
taking expansion decision. This will assist in better decision making as well as
enhancing overall performance and capability of organisation. It is important to
identify and determine business environment in order to take correct decision that
will lead to enhance the overall performance and capability of business in market
area. Chosen company for this report is Tesco. This organisation is considered as
one of the largest British groceries store that is providing different types of products
and services to customers. Tesco company headquarters is located in Welwyn
Garden City Hertfordshire, England. This organisation was established in 1919 and
Jack Cohen is the founder of this organisation. This company is planning to expand
business in Spain market area. A company has taken this decision in order to gain
new and different foreign direct investment opportunities (Ghosh and et.al., 2016).
Tesco will be able to gain competitive advantages and benefits by expansion of
business in Spain. There are different opportunities that could be attained by
company by operating business in Spain. This country has more effective
infrastructure and technology that will help in enhancing performance of Tesco as
well as help in increasing capabilities to effectively conduct business operation.
Spain has 12th largest recipient in FDI all over the world. Tesco will benefit by
expansion it business in Spain and it will help to attract more customers. In this
report Spain environment will be analysed as Tesco want to expand their business in
that nation.
Background to Business Organisation
Tesco is a well established company that is providing number of services and
products to customers. This is a British multinational company that is providing its
offering to different part of the world. Tesco is dealing in retailing sectors and it is a
Public limited company. This legal form and ownership structure of a company
provide different opportunity for growth and development (Whyte and Wiegratz,
2016).. This company has large size and it has huge customer base that is effective
for increasing sales of its products as well as earning more profits. Tesco has £ 56.5
Bn group sales and £ 2,959 m of group operating profits before exceptional in year
2019. This organisation mostly operating it business in UK, Ireland, Hungary,
Poland, Slovakia, Malaysia and other countries. (Dei Ottati, 2018). There are total
6800 shops of company all around world. Also, there are 450,000 employees
working within firm. The competitors of firm are Aldi, M&S, Asda, etc. Moreover,
revenue generated in 2019 as 63,911 billion Euros. Tesco market share in UK is
41.9%
Introduction
Global economy can be described as the economy of all over the world and it
will lead to have major impact on performance and business practices of
organisation. It is essential for company to consider economy of the nation while
taking expansion decision. This will assist in better decision making as well as
enhancing overall performance and capability of organisation. It is important to
identify and determine business environment in order to take correct decision that
will lead to enhance the overall performance and capability of business in market
area. Chosen company for this report is Tesco. This organisation is considered as
one of the largest British groceries store that is providing different types of products
and services to customers. Tesco company headquarters is located in Welwyn
Garden City Hertfordshire, England. This organisation was established in 1919 and
Jack Cohen is the founder of this organisation. This company is planning to expand
business in Spain market area. A company has taken this decision in order to gain
new and different foreign direct investment opportunities (Ghosh and et.al., 2016).
Tesco will be able to gain competitive advantages and benefits by expansion of
business in Spain. There are different opportunities that could be attained by
company by operating business in Spain. This country has more effective
infrastructure and technology that will help in enhancing performance of Tesco as
well as help in increasing capabilities to effectively conduct business operation.
Spain has 12th largest recipient in FDI all over the world. Tesco will benefit by
expansion it business in Spain and it will help to attract more customers. In this
report Spain environment will be analysed as Tesco want to expand their business in
that nation.
Background to Business Organisation
Tesco is a well established company that is providing number of services and
products to customers. This is a British multinational company that is providing its
offering to different part of the world. Tesco is dealing in retailing sectors and it is a
Public limited company. This legal form and ownership structure of a company
provide different opportunity for growth and development (Whyte and Wiegratz,
2016).. This company has large size and it has huge customer base that is effective
for increasing sales of its products as well as earning more profits. Tesco has £ 56.5
Bn group sales and £ 2,959 m of group operating profits before exceptional in year
2019. This organisation mostly operating it business in UK, Ireland, Hungary,
Poland, Slovakia, Malaysia and other countries. (Dei Ottati, 2018). There are total
6800 shops of company all around world. Also, there are 450,000 employees
working within firm. The competitors of firm are Aldi, M&S, Asda, etc. Moreover,
revenue generated in 2019 as 63,911 billion Euros. Tesco market share in UK is
41.9%
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According to the above graphical representation it has been analysed that
Tesco Company is performing great in F&G sector (Tesco to defend grocery share
and consolidate operations as non-food website closes, 2020). Due to high
competition its market has less market share. This organisation is not performing
effective in non food sector such as clothing, electrical and home wares. Closing off
this sector will be more profitable for the organisation.
As per the above graphical representation it has been analysed that Tesco
Company has various emission such as transportation, product manufacturing, raw
material, packaging material and agricultural materials (UK Field-to-Tesco footprint,
2020.) Agricultural materials have the maximum rate that is 61 %. Whereas others
have 12, 6 and 7 product manufacturing, raw materials, packaging material
respectively.
Background to Business Environment
Business environment is a very important role in enhancing business operations as
well as increase profitability of business. There are different factors and elements of
business environment that will lead to have direct impact on capabilities and
performance of organisation (Gashgari, 2017). It is very important for Tesco to
analyse and evaluate the different factors of business that can have direct or indirect
impact on organisation. Tesco organisation is planning to expand business into new
and different market areas with the motive of increasing its business operations as
Tesco Company is performing great in F&G sector (Tesco to defend grocery share
and consolidate operations as non-food website closes, 2020). Due to high
competition its market has less market share. This organisation is not performing
effective in non food sector such as clothing, electrical and home wares. Closing off
this sector will be more profitable for the organisation.
As per the above graphical representation it has been analysed that Tesco
Company has various emission such as transportation, product manufacturing, raw
material, packaging material and agricultural materials (UK Field-to-Tesco footprint,
2020.) Agricultural materials have the maximum rate that is 61 %. Whereas others
have 12, 6 and 7 product manufacturing, raw materials, packaging material
respectively.
Background to Business Environment
Business environment is a very important role in enhancing business operations as
well as increase profitability of business. There are different factors and elements of
business environment that will lead to have direct impact on capabilities and
performance of organisation (Gashgari, 2017). It is very important for Tesco to
analyse and evaluate the different factors of business that can have direct or indirect
impact on organisation. Tesco organisation is planning to expand business into new
and different market areas with the motive of increasing its business operations as
well as enhancing customer’s base. It is essential for the company to analyse and
evaluate different factors in external business environment such as customer, market
area, government, technology, laws, legislations and many other aspects (Bieler
and Lee, 2017). This will help in developing and creating better strategies that will
lead to gain competitive advantages over other rival companies. In order to analyse
external business environment company needs to use PESTEL model.
External business environment
For determining the impact of external business environment of Tesco and its
performance, PEST model will be considered (Mayer and Phillips, 2017). This is an
effective tool that will help company to successfully perform organisational task by
determining the influence of external factors on business and its operations. PEST
model in context of Tesco Company is mention below in details:
Political factor – This factor will include different political aspects such as
government and its rule or regulations. As Spain comes under EU so, after
Brexit there will be change in trade laws. Thus, tesco growth will be affected
as they will have to deal with new trade laws of Spain. The policies which is
created by Spain government and policies will lead to have significant impact
on performance of Tesco company. It is crucial for company to fulfil all policies
for smooth functioning of business.
Economical factor – This external factor includes economic elements such
as GDP, inflation, PPP, employment rates and many other elements which
will lead to have affected over the business that is carrying out operations in
Spain market area. Due to Covid 19 pandemic Spain GDP is declined. There
is negative impact on nation economic growth. hence, it will be a threat for
Tesco to operate in Spain (Ghosh, and et.al., 2016). Also, Spain has more
than 10 years of recession which will lead to increase in unemployment rates.
Due to this Tesco company will not be able to increase its products sales in
Spain market area.
Social factor – It includes culture, attitude, behaviour, belief or perception of
customers of particular market area about the products or offering of the
company (Urbinati, Chiaroni, and Chiesa, 2017). Due to pandemic there is
change in taste and preference of people. Now, they are preferring more
organic products and become health conscious. Similarly, in Spain as well
needs of people have changed. Thus, it is an opportunity for tesco to provide
organic products to people to fulfil their needs. Tesco is conducting effective
evaluate different factors in external business environment such as customer, market
area, government, technology, laws, legislations and many other aspects (Bieler
and Lee, 2017). This will help in developing and creating better strategies that will
lead to gain competitive advantages over other rival companies. In order to analyse
external business environment company needs to use PESTEL model.
External business environment
For determining the impact of external business environment of Tesco and its
performance, PEST model will be considered (Mayer and Phillips, 2017). This is an
effective tool that will help company to successfully perform organisational task by
determining the influence of external factors on business and its operations. PEST
model in context of Tesco Company is mention below in details:
Political factor – This factor will include different political aspects such as
government and its rule or regulations. As Spain comes under EU so, after
Brexit there will be change in trade laws. Thus, tesco growth will be affected
as they will have to deal with new trade laws of Spain. The policies which is
created by Spain government and policies will lead to have significant impact
on performance of Tesco company. It is crucial for company to fulfil all policies
for smooth functioning of business.
Economical factor – This external factor includes economic elements such
as GDP, inflation, PPP, employment rates and many other elements which
will lead to have affected over the business that is carrying out operations in
Spain market area. Due to Covid 19 pandemic Spain GDP is declined. There
is negative impact on nation economic growth. hence, it will be a threat for
Tesco to operate in Spain (Ghosh, and et.al., 2016). Also, Spain has more
than 10 years of recession which will lead to increase in unemployment rates.
Due to this Tesco company will not be able to increase its products sales in
Spain market area.
Social factor – It includes culture, attitude, behaviour, belief or perception of
customers of particular market area about the products or offering of the
company (Urbinati, Chiaroni, and Chiesa, 2017). Due to pandemic there is
change in taste and preference of people. Now, they are preferring more
organic products and become health conscious. Similarly, in Spain as well
needs of people have changed. Thus, it is an opportunity for tesco to provide
organic products to people to fulfil their needs. Tesco is conducting effective
market research in order to analyse and evaluate the needs of customers.
Spain has equal ration of males and females which is increasing the chance
of selling different products.
Technological factor – This will include the impact of technology and
advance techniques on business. The pandemic has forced company to sell
product online. So, as Spain has strong and advance technology which can
be used by Tesco while conducting business operation for performing
organisational practices. Advance technology will also assist a company in
increasing its sales as well as earning more profits. It will provide an
opportunity for firm to reach more people.
Legal factor- – In every nation there are different employment laws and
regulations that are followed. It is imposed by government to protect rights of
employees. The laws such as health and safety, minimum wage, etc. In
Spain due to covid 19 government has issued new norms and guidelines to
be adhered by companies (Lopes, and Ferraz, 2016). hence, it will affect on
tesco operations as they will have to impose those new laws and work with
50% staff capacity. Moreover, they will have to ensure employees health and
safety as well.
Environmental factor - There are several environmental laws and
regulations which is followed by retail companies. They need to follow CSR
practices, protect ecosystem, maintain sustainability etc. Spain government is
also focusing on reducing pollution. Thus, they are forcing companies to
follow more CRS practices. Hence, it will impact on tesco operations as they
have to contribute more towards CSR.
Internal business environment
In order to determine internal business environment it is essential for
organisation to analyse and evaluate internal capabilities and weakness of business
which will lead to have direct impact on performance of organisation (Bieler and Lee,
2017). SWOT analysis will be effective approach that will help company to identify
strengths or weaknesses of Tesco as well as determining growth opportunity of
organisation. SWOT analysis of Tesco Company is explained below in details.
Strength – Tesco is one of the leading and well established company that is
providing its products and services in market area. Tesco Company has strong
research team which is very effective in identifying the needs or requirement of
Spain has equal ration of males and females which is increasing the chance
of selling different products.
Technological factor – This will include the impact of technology and
advance techniques on business. The pandemic has forced company to sell
product online. So, as Spain has strong and advance technology which can
be used by Tesco while conducting business operation for performing
organisational practices. Advance technology will also assist a company in
increasing its sales as well as earning more profits. It will provide an
opportunity for firm to reach more people.
Legal factor- – In every nation there are different employment laws and
regulations that are followed. It is imposed by government to protect rights of
employees. The laws such as health and safety, minimum wage, etc. In
Spain due to covid 19 government has issued new norms and guidelines to
be adhered by companies (Lopes, and Ferraz, 2016). hence, it will affect on
tesco operations as they will have to impose those new laws and work with
50% staff capacity. Moreover, they will have to ensure employees health and
safety as well.
Environmental factor - There are several environmental laws and
regulations which is followed by retail companies. They need to follow CSR
practices, protect ecosystem, maintain sustainability etc. Spain government is
also focusing on reducing pollution. Thus, they are forcing companies to
follow more CRS practices. Hence, it will impact on tesco operations as they
have to contribute more towards CSR.
Internal business environment
In order to determine internal business environment it is essential for
organisation to analyse and evaluate internal capabilities and weakness of business
which will lead to have direct impact on performance of organisation (Bieler and Lee,
2017). SWOT analysis will be effective approach that will help company to identify
strengths or weaknesses of Tesco as well as determining growth opportunity of
organisation. SWOT analysis of Tesco Company is explained below in details.
Strength – Tesco is one of the leading and well established company that is
providing its products and services in market area. Tesco Company has strong
research team which is very effective in identifying the needs or requirement of
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customers. This is strength of the company as it helps in developing high quality
Tesco products (Skilling, 2015). High market share of Tesco is also its strength
as it helps in developing strong brand image in market area.
Weakness – There are some weaknesses of Tesco Company which will lead to
have direct impact on its capabilities. Tesco operation was failed in US and
Japan which lead to have major negative impact on its brand image and
influence overall profitability. Low cost strategy of Tesco organisation can be
considered as one of the biggest weaknesses of the company.
Opportunities – There are various opportunities for Tesco in order to develop
and enhance its organisational practices (Meagher, Mann and Bolt, 2016). This
company has introduced Jacks business and it has opportunity to expand or
enhance its business to earn more profits. This will assist in improving the
customer base of company. It is essential for Tesco to provide training to it
employees in order to increase their skills and competencies. Training and
development of employees will lead to have positive impact on performance or
productivity of Tesco Company.
Threats – There are various threat that can have direct impact on performance of
business and influence organisations capability. Tesco have major threat such
as Sainsbury’s, ASDA and many other. Due to high competition in market area
Tesco can loss its market share.
Analysis of the Business Scenario
It is essential for organisation to analyse and evaluate the business
environment in which company is carrying out operational tasks. This is one of the
largest companies which are conducting business operation in different part of the
world. Tesco organisation has developed strategy for expanding business in new
market area that is Spain (Anzola, and et.al., 2016). There will be different
opportunities that could be attained by the company by increasing its business in
new market area.
Porter’s 5 forces
This is one of the effective and efficient models that are helpful in determining
the different factors that will impact on business operation as well as effective and
efficient performance of organisation. This model includes five major forces which
are mentioned below in context of Tesco Company.
Tesco products (Skilling, 2015). High market share of Tesco is also its strength
as it helps in developing strong brand image in market area.
Weakness – There are some weaknesses of Tesco Company which will lead to
have direct impact on its capabilities. Tesco operation was failed in US and
Japan which lead to have major negative impact on its brand image and
influence overall profitability. Low cost strategy of Tesco organisation can be
considered as one of the biggest weaknesses of the company.
Opportunities – There are various opportunities for Tesco in order to develop
and enhance its organisational practices (Meagher, Mann and Bolt, 2016). This
company has introduced Jacks business and it has opportunity to expand or
enhance its business to earn more profits. This will assist in improving the
customer base of company. It is essential for Tesco to provide training to it
employees in order to increase their skills and competencies. Training and
development of employees will lead to have positive impact on performance or
productivity of Tesco Company.
Threats – There are various threat that can have direct impact on performance of
business and influence organisations capability. Tesco have major threat such
as Sainsbury’s, ASDA and many other. Due to high competition in market area
Tesco can loss its market share.
Analysis of the Business Scenario
It is essential for organisation to analyse and evaluate the business
environment in which company is carrying out operational tasks. This is one of the
largest companies which are conducting business operation in different part of the
world. Tesco organisation has developed strategy for expanding business in new
market area that is Spain (Anzola, and et.al., 2016). There will be different
opportunities that could be attained by the company by increasing its business in
new market area.
Porter’s 5 forces
This is one of the effective and efficient models that are helpful in determining
the different factors that will impact on business operation as well as effective and
efficient performance of organisation. This model includes five major forces which
are mentioned below in context of Tesco Company.
Threat of new entrant – This refer as the threat that is faced by company
due to new companies in market area. New entrants in industry come up with
new and interesting ideas for performing business idea. This can lead to
attract customers as well as impact on sales of business. So, power of new
entrant is high and also threat for tesco. This is because new companies will
come with new concept and provide high quality products. It will affect on firm
growth in negative way.
Bargaining power of supplier – This includes the negotiation power of
suppliers for providing different raw material and other resources to company
for performing business activities (Kiørboe, 2015). Supplier play very
important role in organisation as it provide different important resources to
Tesco so that this organisation can effectively and efficiently conduct business
task. Tesco has different options to collect resource and successfully perform
business activities. The bargaining power of supplier is low and its is
opportunity for tesco as they can easily switch from one supplier to another
and buy material at low price. It will affect in positive way as it will led to rise in
profits. Bargaining power of customers – company is offering high quality products
to large customer base in lower cost. Due to this bargaining power of
customers forces will have moderate impact on organisation. The bargaining
power of customer is low as customer base is large. Hence, it is threat for
tesco as customer can easily switch from one company to another and fulfil
their needs. They can buy same quality product at low price
Threat of substitute – High number of similar products and services will lead
to increase the threat of substitution (Kiørboe, 2015). There are products and
services which offering similar type of experience to customers and less
switching cost will lead to improve the threat of substitution of product. Here,
threat of substitute is moderate as Tesco offer product at low price. There is
substitute of products such as clothing, furniture, etc.
Threat of rival company – This includes different rival companies which are
operating business activities in same market area. Tesco is dealing in highly
competitive environment which impact on its business operations and impact
on its overall performance. There is stiff competition in retail market as there
are many competitors such as Aldi, Asda, M&S, etc. So, it is threat for Tesco
due to new companies in market area. New entrants in industry come up with
new and interesting ideas for performing business idea. This can lead to
attract customers as well as impact on sales of business. So, power of new
entrant is high and also threat for tesco. This is because new companies will
come with new concept and provide high quality products. It will affect on firm
growth in negative way.
Bargaining power of supplier – This includes the negotiation power of
suppliers for providing different raw material and other resources to company
for performing business activities (Kiørboe, 2015). Supplier play very
important role in organisation as it provide different important resources to
Tesco so that this organisation can effectively and efficiently conduct business
task. Tesco has different options to collect resource and successfully perform
business activities. The bargaining power of supplier is low and its is
opportunity for tesco as they can easily switch from one supplier to another
and buy material at low price. It will affect in positive way as it will led to rise in
profits. Bargaining power of customers – company is offering high quality products
to large customer base in lower cost. Due to this bargaining power of
customers forces will have moderate impact on organisation. The bargaining
power of customer is low as customer base is large. Hence, it is threat for
tesco as customer can easily switch from one company to another and fulfil
their needs. They can buy same quality product at low price
Threat of substitute – High number of similar products and services will lead
to increase the threat of substitution (Kiørboe, 2015). There are products and
services which offering similar type of experience to customers and less
switching cost will lead to improve the threat of substitution of product. Here,
threat of substitute is moderate as Tesco offer product at low price. There is
substitute of products such as clothing, furniture, etc.
Threat of rival company – This includes different rival companies which are
operating business activities in same market area. Tesco is dealing in highly
competitive environment which impact on its business operations and impact
on its overall performance. There is stiff competition in retail market as there
are many competitors such as Aldi, Asda, M&S, etc. So, it is threat for Tesco
as it reduces market share of company by attracting customers (Mayer, and
Phillips, 2017).
CONCLUSION
From the above report it can be concluded that global economy will lead to have
direct impact on organisation as well as help company is performing business task in
more effective manner. It is very important for business to analyse and evaluate the
different factors of environment in order to successfully carry out organisational task
and activities. Company needs to follow all policies and rules that are set by the
government for expanding business operations in new or different market areas. This
will lead to have significant impact on business performance and profitability.
Company should use new and advanced technologies for conducting business task
as it will assist in gaining competitive advantage over other rival companies. Porters
five force model is effective model that will help company to determine different
factors which will help in successful performance of business and identify various
forces which can impact on capabilities of the company.
REFLECTION
From the report I understand that it is necessary for company to analyse their
business environment of particular nation. This helps them to expand in that nation
and develop strategies accordingly. I also did research about Tesco and Spain
where they want to expand. Thus, first of all I found out models and concepts that
can be applied in business environment. Here, I found that pestle and SWOT are
models that can be applied. I gained knowledge about Tesco products, number of
stores, etc. besides, I applied pestle analysis and got to know that due to pandemic
Spain economic growth has declined so, tesco growth will be affected. But with
change in needs of people tesco can provide organic products to them. It is
opportunity for firm to grow in Spain. Also, I learned that with help of technology
Tesco can focus on online business. It will help in increasing sales and profits. I
found that there is change in legal law. Spain government has formed new norms
and guidelines. Then, I did internal analysis to find out strength, weakness of firm.
Here, I found that company strength is high quality products, but its weakness is
failure in US and Japan. However, I think that it company can expand in emerging
market such as India, to increase sales. The threat is competition from Aldi, Asda,
etc. Furthermore, i did analysis of business scenario with porter five force model. So,
Phillips, 2017).
CONCLUSION
From the above report it can be concluded that global economy will lead to have
direct impact on organisation as well as help company is performing business task in
more effective manner. It is very important for business to analyse and evaluate the
different factors of environment in order to successfully carry out organisational task
and activities. Company needs to follow all policies and rules that are set by the
government for expanding business operations in new or different market areas. This
will lead to have significant impact on business performance and profitability.
Company should use new and advanced technologies for conducting business task
as it will assist in gaining competitive advantage over other rival companies. Porters
five force model is effective model that will help company to determine different
factors which will help in successful performance of business and identify various
forces which can impact on capabilities of the company.
REFLECTION
From the report I understand that it is necessary for company to analyse their
business environment of particular nation. This helps them to expand in that nation
and develop strategies accordingly. I also did research about Tesco and Spain
where they want to expand. Thus, first of all I found out models and concepts that
can be applied in business environment. Here, I found that pestle and SWOT are
models that can be applied. I gained knowledge about Tesco products, number of
stores, etc. besides, I applied pestle analysis and got to know that due to pandemic
Spain economic growth has declined so, tesco growth will be affected. But with
change in needs of people tesco can provide organic products to them. It is
opportunity for firm to grow in Spain. Also, I learned that with help of technology
Tesco can focus on online business. It will help in increasing sales and profits. I
found that there is change in legal law. Spain government has formed new norms
and guidelines. Then, I did internal analysis to find out strength, weakness of firm.
Here, I found that company strength is high quality products, but its weakness is
failure in US and Japan. However, I think that it company can expand in emerging
market such as India, to increase sales. The threat is competition from Aldi, Asda,
etc. Furthermore, i did analysis of business scenario with porter five force model. So,
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I gained insight that this help in gaining competitive advantage. In this there are five
elements which is analysed. So, I learned that there is high competition in retail
sector. So, tesco need to retain customer to compete with rivals. So, I learned many
things by preparing this business report and how analysis is done. It improved my
research skills.
elements which is analysed. So, I learned that there is high competition in retail
sector. So, tesco need to retain customer to compete with rivals. So, I learned many
things by preparing this business report and how analysis is done. It improved my
research skills.
REFERENCES
Books and Journals
Anzola, D., and et.al., 2016. National mafia-type organisations: Local threat, global
reach. In Social Dimensions of Organised Crime (pp. 9-23). Springer, Cham.
Bieler, A. and Lee, C.Y., 2017. Chinese labour in the global economy: An
introduction. Globalizations, 14(2), pp.179-188.
Dei Ottati, G., 2018. Marshallian Industrial Districts in Italy: the end of a model or
adaptation to the global economy?. Cambridge Journal of Economics, 42(2),
pp.259-284.
Gashgari, R., 2017. Exploring the implications of corporate governance practices
and frameworks for large-scale business organisations: a case study on the
Kingdom of Saudi Arabia (Doctoral dissertation, Brunel University London).
Gashgari, R., 2017. Exploring the implications of corporate governance practices
and frameworks for large-scale business organisations: a case study on the
Kingdom of Saudi Arabia (Doctoral dissertation, Brunel University London).
Ghosh, P.R. and et.al., 2016. Progress towards sustainable utilisation and
management of food wastes in the global economy. International journal of
food science, 2016.
Kelsey, J., 2015. Reclaiming the future: New Zealand and the global economy.
Bridget Williams Books.
Kiørboe, N., 2015. Moving Towards a Circular Economy: Succesfull Nordic Business
Models: Policy Brief. Nordic Council of Ministers.
Lopes, I.T. and Ferraz, D.P., 2016. The value of intangibles and diversity on boards
looking towards economic future returns: evidence from non-financial Iberian
business organisations. International Journal of Business Excellence, 10(3),
pp.392-417.
Mayer, F.W. and Phillips, N., 2017. Outsourcing governance: States and the politics
of a ‘global value chain world’. New Political Economy, 22(2), pp.134-152.
Meagher, K., Mann, L. and Bolt, M., 2016. Introduction: Global economic inclusion
and African workers. The Journal of Development Studies, 52(4), pp.471-
482.
Skilling, P., 2015. Business organisations and the legitimation of market inequalities
Urbinati, A., Chiaroni, D. and Chiesa, V., 2017. Towards a new taxonomy of circular
economy business models. Journal of Cleaner Production, 168, pp.487-498.
Whyte, D. and Wiegratz, J. eds., 2016. Neoliberalism and the moral economy of
fraud. Routledge.
.
ONLINE
UK Field-to-Tesco footprint 2020. [Online]. Available through:<
https://www.tescoplc.com/sustainability/planet/climate-change/carbon-footprint/
>.
Tesco to defend grocery share and consolidate operations as non-food website
closes. 2020. [Online]. Available through:< https://www.retail-insight-
network.com/comment/tesco-defend-grocery-share-consolidate-operations-non-
food-website-closes/attachment/tesco-graph/>.
Books and Journals
Anzola, D., and et.al., 2016. National mafia-type organisations: Local threat, global
reach. In Social Dimensions of Organised Crime (pp. 9-23). Springer, Cham.
Bieler, A. and Lee, C.Y., 2017. Chinese labour in the global economy: An
introduction. Globalizations, 14(2), pp.179-188.
Dei Ottati, G., 2018. Marshallian Industrial Districts in Italy: the end of a model or
adaptation to the global economy?. Cambridge Journal of Economics, 42(2),
pp.259-284.
Gashgari, R., 2017. Exploring the implications of corporate governance practices
and frameworks for large-scale business organisations: a case study on the
Kingdom of Saudi Arabia (Doctoral dissertation, Brunel University London).
Gashgari, R., 2017. Exploring the implications of corporate governance practices
and frameworks for large-scale business organisations: a case study on the
Kingdom of Saudi Arabia (Doctoral dissertation, Brunel University London).
Ghosh, P.R. and et.al., 2016. Progress towards sustainable utilisation and
management of food wastes in the global economy. International journal of
food science, 2016.
Kelsey, J., 2015. Reclaiming the future: New Zealand and the global economy.
Bridget Williams Books.
Kiørboe, N., 2015. Moving Towards a Circular Economy: Succesfull Nordic Business
Models: Policy Brief. Nordic Council of Ministers.
Lopes, I.T. and Ferraz, D.P., 2016. The value of intangibles and diversity on boards
looking towards economic future returns: evidence from non-financial Iberian
business organisations. International Journal of Business Excellence, 10(3),
pp.392-417.
Mayer, F.W. and Phillips, N., 2017. Outsourcing governance: States and the politics
of a ‘global value chain world’. New Political Economy, 22(2), pp.134-152.
Meagher, K., Mann, L. and Bolt, M., 2016. Introduction: Global economic inclusion
and African workers. The Journal of Development Studies, 52(4), pp.471-
482.
Skilling, P., 2015. Business organisations and the legitimation of market inequalities
Urbinati, A., Chiaroni, D. and Chiesa, V., 2017. Towards a new taxonomy of circular
economy business models. Journal of Cleaner Production, 168, pp.487-498.
Whyte, D. and Wiegratz, J. eds., 2016. Neoliberalism and the moral economy of
fraud. Routledge.
.
ONLINE
UK Field-to-Tesco footprint 2020. [Online]. Available through:<
https://www.tescoplc.com/sustainability/planet/climate-change/carbon-footprint/
>.
Tesco to defend grocery share and consolidate operations as non-food website
closes. 2020. [Online]. Available through:< https://www.retail-insight-
network.com/comment/tesco-defend-grocery-share-consolidate-operations-non-
food-website-closes/attachment/tesco-graph/>.
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