Positive and negative impact of macro environment over business PESTLE analysis is a framework used by the marketers to analyse and monitor the macro environmental factors and its impact on the business environment (Umar Farooq PESTLE analysis). Political Economical Social Technological Legal Environmental
Internal and external analysis of the organisation SWOT analysis is designed to facilitate a realistic, data- driven look at the strengths and weaknesses of an organization. It is a technique for assessing the performance, competition, risk and potential of the business (Tesco SWOT Analysis. 2018). The SWOT analysis of TESCO is as follows: Strengths: These are the factors in which the organization excels and these factors separate its from its competitors. Weaknesses: it is a factor which stops the organization in performing to its best level Opportunities: These are the favorable external forces that gives an organization a competitive advantage Threats: It refers to those factors which have the potential to harm an organization
Interrelationamongthestrengthand weaknesses with the macro environment There is a strong relationship between the strength and weaknesses of the organization with its macro environment. Strength with macro environment •High level of customer satisfaction- this can be maintained by properly studying the social factorof PESTLE analysis because it deals with the psychology of the human and mindset and behavior of the employees. •TESCO has highly skilled workforce because of time to time successful training and development of the employees. This strength can be maintained by proper study of technological factor and changes in the technology and adapting to those changes. •Strong dealer community- This factor can be maintained and improvised by focusing on the social factor because it deals with the behavior and the psychology of the dealers.
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CONTINUED Weaknesses with macro environment •SomeofTESCO'ssubsidiariesarenotoperatingwellandaremore vulnerable to certain external factors. This weakness can be overcome by the proper analysis of technological and economical factors. It is so because if the closure is due to the obsolete technology then with help of study of technology it can be overcome. •Competitive pressures have led to price wars that have eroded some of the retailers profit margin. This weakness can be overlooked by the thorough study of the environmental factors.
REFERENCES Tesco SWOT Analysis. 2018[Online]. Available through: <https://www.learnmarketing.net/SWOTTesco.html>. Umar Farooq PESTLE analysis[Online]. Available through: <https://www.marketingtutor.net/tesco-pestle-analysis/>.