Business Environment Analysis - Tesco Assignment
Added on 2021-02-20
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Business Environment Analysis
Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1Macro Factor Analysis of Tesco PLC..........................................................................................1LO2..................................................................................................................................................4SWOT Analysis...........................................................................................................................4Relationship of External Factor with strength and Weaknesses of organization.........................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7
INTRODUCTIONBusiness Environment is a study of different internal and external factors of organizationand their influence on the business. It is important to study these internal and external factorsbecause these factors can affect operation and performance of organization in target market. Byconsidering these factors business organization can make effective plan and strategy to get betterresult form market place (Prajogo, 2016). The chosen firm for this report is Tesco which is amultinational grocery and retail store and it was established by Jack Cohen in year 1919 atHackney, London, United Kingdom. Tesco is working on 6800 location around world. Thisreport is providing brief information of different external and internal factor that can affect thebusiness of Tesco PLC. Positive and negative impact of external factor on operation of company.Various internal factors of organization are also evaluated in report and its relation with externalfactor are also considered in report.LO1Macro Factor Analysis of Tesco PLCThe macro factors of organization includes political factor, economic factor, social factor,technological factor, environmental factor and legal factors. All these factors are not in control oforganization and these macro factor can influence decisions and procedures of company.Political FactorPolitical factor includes various decisions and policies that are made by government ofcountry. Mostly the decision and changes in policies are related to taxation policy, foreignpolicy, business policy and changes that are related to business organization. Changes in taxationpolicy can made the organization to perform or redesign the finance planning of company and itcould be both positive or negative on business of company (Virglerová, Dobeš and Vojtovič,2016). Foreign policy of country reformed regularly by government through considering benefitsand losses to economy of nation in international market. Reforms in business policy or decisionsare taken by government to control the business organization under certain limits to keepeconomy of country stable and this respective changes in policies can influence performance ofTesco PLC in market place.Positive Impact-Supportive and positive changes in foreign policy, taxation policy and business policycan provide opportunity to improve the profit of Tesco PLC and advantage can be gain by1
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