Business in Practice poster

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Tesco is a British based multinational retailer company,
providing groceries and general merchandise. The
company was formed in 1919and it’s headquarters is in
Welwyn Garden City, England. And it’s having stores
in 7,005 locations employing 423, 092 people recorded
in 2020. Let’s discuss internal and external factors
affecting Tesco.
There are several external environments that has direct
impact over business and as explained below as:
Technological advancement: The change in working
prospect to provide accurate convenience i to the customers
while purchasing products and services. Online shopping
trend is a big factor in latest success of Tesco.
Economic condition: It is related to the employment rate,
interest rate, this factor is impact-full. Fluctuating changes
in stock market or tax increase strongly affects the base of
company like Tesco.
CONCLUSION
From this report it can be concluded that the above factors
affecting Tesco gives working idea, and the growing needs
of company. Some of these factors depend on the market
situation. Both internal and external factors change the flow
of work and management.
External factors are those having both direct and indirect
impact on working abilities of business and as briefly
explained below as:
Technological: It is a basis that is used to make better
level of changes as per concern of innovation and
development. It enhances the working credibility and
time taken by business to improvise working possibility.
Social: It is an aspect that define acceptance of various
offered product and services by the society. Most of the
UK’s population is aging, this impacts the demands
raised by people for certain products.
Tesco and its environment
Introduction External Environment
Internal factor represent various prospect that is related
to daily working of the business and it is as explained
below as:
Leadership: It is a quality of an individual through
which other employee get influence to perform better.
Leadership at Tesco is goal driven includes low risk
factors.
Employees: These are the backbone of an organization
and have performed all the required functions. The
presence of skilled and talented employee improvises
working efficiency in productive manner.
REFERENCES
Hopkins, B.R., 2011. The law of tax-exempt
organizations(Vol. 5). John Wiley & Sons.
Jenkins, W. and Williamson, D., 2015. Strategic
management and business analysis. Routledge.
Paul, D., Yeates, D. and Cadle, J. eds., 2014. Business
analysis. BCS, The Chartered Institute for IT.
How the company impact its
context External Environment
Internal Environment
Reference