This presentation provides a comprehensive SWOT and PESTLE analysis of Tesco Plc, analyzing internal and external factors influencing the business operations.
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Business and Business Environment
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Introduction Internalandexternalfactorshugelyinfluencesthe business activities of an organisation either in negative orpositivemanner.Forthis,themanagementof chosen company Tesco Plc is required to conduct SWOT as well as PESTLE analysis through which they can analyse each influencing factors along with their impact on business operations.
Overview of the TESCO TescoPlchasvariousstrengthsaswellas opportunities to achieve future growth which can be possible only through eliminating weaknesses and threats. In the present market analysis, it has beenidentifiedthatthecompanyhasstrong productportfolioduetohavingvarietyof products to their customers.
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SWOT analysis of Tesco plc STRENGTHWEAKNESSES Companyhasastrongproduct port folio because it provide a large variety of products to their customers. The company has a huge market presenceand company is known as the largest supermarket chain across the world. Companyhasefficientcash reserves which makes its strong financialpositioninthe marketplace. They have skilled workforce due to which they provide huge satisfaction to their customers Thereisnomaintenanceof inventoryduetowhichtheir competitorsgavetough competitiontothemin marketplace. Profitability and contribution ratio is below the industry average. Companyhasnotinvestedin adoptionofnewtechnologies which will be harmful for their brand image in future.
Continue... OpportunitiesTHREATS Lowerinflationratein Europeancountriescan provide an opportunity for expansion of business. Company have to adopt new technologies through which theycangetcompetitive advantage in marketplace The shipping prices are also decreasing which can down thepricesofTesco's product.Hence,company cangetprofitabilityfrom this in near future. The new laws of liabilities in variouscountriescan reduce theprofitability of organisation. Company is not focusing on introducinginnovative productsinmarketplace which can move their loyal customerstowardstheir rivals. Companyhasnotadopted online platforms to sell its allproductswhichcan reduce their customer base in various countries.
Influence of SWOT analysis in decision-making process: ConductingSWOT analysisenable TescoPlcto identify their weak areas where they need to make improvementandalsorecognisethreatsand opportunities which can bring them ahead from their rivals.
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Conclusion It has been concluded from the above project report that Business environment includes full of complexities which can affect adversely or positively to every type of organisation.
References Aithal,P.S.,2016.StudyonABCDanalysis techniqueforbusinessmodels,business strategies,operatingconcepts&business systems. Browser Download This Paper. Cuervo‐Cazurra,A.,2011.Globalstrategyand globalbusinessenvironment:thedirectand indirect influences of the home country on a firm'sglobalstrategy.GlobalStrategy Journal.1(3‐4). pp.382-386.
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