Understanding the Nature of the Retail Sector Environment in Tesco

BUSINESS ENVIRONMENT

Table of Contents
INTRODUCTION................................................................................................................................3
MAIN BODY.......................................................................................................................................3
2. Nature of the retail sector environment...................................................................................3
3.The impact of environmental forces on organization at a micro and macro level...................4
4.Impact of environmental forces in organization......................................................................5
5.Requirements of a variety of stakeholders in retail organization.............................................6
6. Effectiveness of the stakeholder responses of organization to policy actions .......................6
CONCLUSION....................................................................................................................................7
REFERENCES.....................................................................................................................................8

INTRODUCTION
Business environment refers collection of internal and external element which can affect
organization and organization can affect elements. External elements are political, economical,
customer, competitors or environmental etc. can enhance organization performance or can impact
on organization. While internal factors are management, employees, owner, organizational
structure, culture who has capability to raise the decision of organization and leads success in
business. Thus, business environment plays important role in organization. Tesco is multinational
groceries company which is famous as merchandise retailer. Subsidiaries of Tesco are Tesco mobile,
Tesco bank, Tesco Ireland etc. This report will conclude about nature of the environment that
organization operates in.
MAIN BODY
2. Nature of the retail sector environment
Tesco is a private limited type of organization which is specially organized for gain profit.
Tesco is general merchandise retailer company which retails their goods and services in large scale
to customers. Main goal of Tesco is to customer satisfaction, profit gaining in company, accomplish
of corporate and social obligation, enhance sales and services level, appropriate utilization of
resources (Mark and Nwaiwu, 2015). Tesco depends on two factors internal and external factor
which operates in two environment.
Internal environment- In retailing sector internal stakeholder plays important role because
they are responsible to give the shape of company internally. Internal factors are employees,
management and corporate culture. Internal environment supports Tesco to improve performance in
business market. Manager is important in retail sectors where manages whole function of
organization like planning, organizing, controlling and coordinating. Manager of Tesco provides
good leadership style to their employees or worker, so they become comfortable at workplace. To
make them active at workplace manager organizes training classes for them, so they enhance their
performance at workplace. Thus, manager establishes good relation with their employees. Manger
provides different culture at workplace so that employees or worker understand cultural behaviour
at workplace and works as team (Akhtar and et.al., 2018). HR department implements profitable
marketing strategies in retail sector so that Tesco enable to elevate economical scale. Tesco
focuses internal factor and meets their objectives by fulfil demands. Owner of Tesco also focuses on
HR development so that manger of company enables to give good strategic plans for retailing and
organization enables to accomplish company objectives.
External factor- Suppliers, governmental, economical, customers and political etc. are