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Business Environment : TESCO

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Added on  2020-06-04

Business Environment : TESCO

   Added on 2020-06-04

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BUSINESS ENVIRONMENT(PROJECT 2)
Business Environment : TESCO_1
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P4 Negative and positive effects the macro environment...........................................................1M3 PESTLE model ....................................................................................................................3TASK 2............................................................................................................................................5P5 External and internal analysis of organisation in regards to find their strength andweakness.....................................................................................................................................5P6 Weakness and strength are interrelated with external factors................................................6M4 SWOT analysis influences on decision making process of company .................................6D2 Critical evaluation the effects that micro or macro factors have upon decision making .....7COCLUSION ..................................................................................................................................7REFRENCES...................................................................................................................................1.........................................................................................................................................................2
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Business Environment : TESCO_3
INTRODUCTION Business environment (BE) is the combination of external and internal factors thatinfluence business operations to a high extent. It covers buyers, management, workers, demandand supply as well as business regulations. BE is dynamic in nature, that essential in order tokeeps on modifying. It will differs country to country as well as defined as a set of conditionswhich include legal, social, political, institutional and economical that are difficult in nature andaffects the organisation’s activities and functions (Zeng and Duan, 2012). Project two is based on TESCO which is a retail enterprise in the UK. This file willdescribe direct and indirect effects of macro environment on the decision making process. Toanalysis both external and internal aspects, PESTLE or SWOT analysis will be determined toattain long term goals and objectives of the firm. TASK 1P4. Negative and positive impacts the macro environment has upon business operationsThere are some external factors in the dynamic environment which can influencecompany’s market conditions in an impressive way. So, it is called as macro factors which put adirect impact upon success and growth of enterprise. It can be determined as the PESTLEanalysis which is an important factor for each and every company in order to identify negativeand positive effects on their functional area (Belás and et. al., 2015). It will cover all political,economic, environmental, social, legal and political aspects. PESTLE Positive Effect Negative Effect Political factors This factor covers rules andregulations of the government,trade policies and otherelements. Hence, if Britishauthorities can decrease its taxand employment rates onselling all goods in variousnations, it will be beneficialfor company to expand theirbusiness operations in an easyPolitical factors also havenegative effects which areuncontrollable. Country facesdifferent difficult situations inregime’s stability that arepresent in politicalsurroundings. This can effectupon company productivityand growth. In this, Brexit alsoinfluences gross domestic1
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