Business and Business Environment

Business and business
environment

Table of Contents
INTRODUCTION......................................................................................................................3
MAIN BODY.............................................................................................................................3
P4 Identify the positive and negative impacts the macro environment has upon business
operations, supported by specific examples...........................................................................3
P5 Conduct internal and external analysis of specific organisations in order to identify
strengths and weaknesses.......................................................................................................4
P6 Explain how strengths and weaknesses interrelate with external macro factors..............5
CONCLUSION..........................................................................................................................6
REFERENCES...........................................................................................................................6
Books and journals.................................................................................................................6

INTRODUCTION
Business is surrounded by different sectors which impact it directly or indirectly and
the combination of all these factors is known as business environment. For conducting the
support the chosen organisation is Tesco, it is the leading multinational retail supergiant.
Companies dealing in various product and have a middle market share in UK with more than
1500 stores (Gaganis, Pasiouras and Voulgari, 2019). In this report there will be analysis of
the positive and negative impact of macro environment on for which there is use of Pestle
model framework. In middle of the report, there will be evaluation of internal factors which
have a direct impact on organisation for this there will be use of SWOT analysis. In the end
of the report, there will be explanation about how the strength weakness and external macro
factors will also evaluated by which the impact of these can be understand.
MAIN BODY
P4 Identify the positive and negative impacts the macro environment has upon business
operations, supported by specific examples
External environment have various impact on the working of an organisation this is
because it includes political, social technological, economic, environment and legal factors
which are related to functioning of a organisation. In context of Tesco, it is also dealing with
all the factors at the workplace. Foreign analysing these factors the pestle Framework is used
which is discussed below:
Pestle analysis of Tesco
Pestle is that Framework which is used by an organisation to identify the external
environment which can impact on organisation.it includes an identification of political social
legal environmental economical and technology factors affecting the business working.
Political: it includes two sectors which are directly related to the government policies
and regulations which have their impact on business. In context of Tesco, it is operating in
UK, the government of UK have sound policies and rules which does not impact negatively
on the process and structure of organisation. Some political dilemmas like BREXIT have
some small issues which are related to change in policies and regulation but government of
UK have enough plants for saving the interest of businesses.