Project Business and Business Environment - TESCO

9 Pages2631 Words100 Views

Added on 2020-06-05

Project Business and Business Environment - TESCO

Added on 2020-06-05

BookmarkRelated Documents

Business and the BusinessEnvironment

Project Business and Business Environment - TESCO_1

TABLE OF CONTENTSPROJECT 2......................................................................................................................................1INTRODUCTION...........................................................................................................................1P4 and M3. Positive and negative impacts of macro environment on TESCO by making use ofsuitable examples....................................................................................................................1P5 and M4 Internal and external analysis of TESCO by making use of SWOT and impact ofstrengths and weaknesses in decision making........................................................................3P6 and D2 Interrelationship between strengths and weaknesses with external macro factorsalong with their impact on decision-making..........................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7

Project Business and Business Environment - TESCO_2

PROJECT 2INTRODUCTIONThere exists a number of internal and external environmental factors that impacts uponbusinesses. These different components can be summed up into two major categories namelymicro and macro (Nah and Saxton, 2013). The present undertaken project will emphasise on theanalysis of these environmental factors on the selected organisation TESCO plc. Further,different assessment tools were used in this such as PESTLE, SWOT, etc. In addition to this, itwill be moreover explored that how the selected organisation should make decisions on the basisof the results obtained. P4 and M3. Positive and negative impacts of macro environment on TESCO by making use ofsuitable examplesThere exists a range of sources that implied the pressure on the businesses and theireffective functioning. The origins of these sources may be just external or far external to theentity. The positive and negative impacts on TESCO from different macro factors are as follows:Far external environmental factors: The impact of macro environmental factor is least predictableand can harm the overall effectiveness of the business (López-Gamero, Molina-Azorín andClaver-Cortés, 2011). This analysis can be performed by making use of a most reliable tool,PESTLE analysis. In this, all the major components that can put press on the business such aspolitical, technological, etc. are studied.Political factors: Some common elements of this category that can influence on businessinvolves the stability or instability, policies of existing administrative party, etc. Withregards to the chosen company, TESCO it has been observed that the existing place of theentity is having stable political conditions. It assists in making the policies stable for longterm and thus, cost with the modification can be reduced.Economical factors: There are different components that comes under this category suchas growth rates, interest rates, GDP, etc. It is entailed that for effective functioning of theentity, financial situation of the people should be strong. In context to UK, there iseffective economical condition which supports the functioning of TESCO. However, itshould be noted that a little affect after Brexit has been implied on the economy but thisis not much challenging in the growth of TESCO (Klapper and Parker, 2010).1

Project Business and Business Environment - TESCO_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Business Strategy TESCO - Assignment

|17

|4908

|55

Business Environmental Analysis

|10

|2481

|80

Business Environment : TESCO

|12

|2633

|42

Business

|18

|5793

|59

Business and the Business Environment

|10

|2721

|85

Business Environment of M&S

|20

|5173

|28

Project Business and Business Environment - TESCO