Industry, Innovation and Infrastructure: Impact on Tesco

Global Challenges
Individual Essay

Contents
INTRODUCTION...........................................................................................................................1
Main Body.......................................................................................................................................1
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The nature of global challenges are transnational but in it is trans-institutional. In order to
solve these challenges, collaboration action is needed among international organisation,
universities, corporations, NGOs, creative individuals as well as governments. A megatrends
refers to a general way of development which consist different phenomena or a changing process
(Androsch and Redl, 2019). It consist exponential waves that make fundamentally re-shift in the
competitive environment of the future. For this essay, selected megatrend is industry, innovation
and infrastructure in order to understand its importance in the organisation. For this essay,
selected company is Tesco which is a multinational retailing company of UK. It is founded by
Jack Cohen in 1919 and its head quarters is in Welwyn Garden City, Hertfordshire, England,
UK. The following essays covers analysis and evaluation of good health and well being as well
as its impacts on business environment. It further analysis the organisation who is impacted from
this megatrend along with this it outline the innovations in this area in order to overcome this
challenges for securing its market share as well as sustainable competitive advantages. It also
analysis how these megatrends will impact future managers and leaders.
Main Body
Mega trends are powerful and transformative forces that has potential in order to change
the global business, economy and society. In global business environment, there are many
megatrends exist which help company to improve its growth as well as gain more and more
competitive advantages. No poverty, zero hunger, good health and well being, quality education,
gender equality, clean water and sanitation, affordable and clean energy, decent work and
economic and economic growth, industry innovation and infrastructure, reduced inequalities,
sustainable cities and communities, responsible consumption and production, climate action, life
below water, life on land, peace, justice and strong institutions as well as partnerships for the
goals (Baimyrzaeva and Meyer, 2020). All these mega trends helps in making sustainable
development in the country and society as well as help people to improve their lifestyle. The
megatrend of good health and well being wants to ensure the health and well being of the people
in their every stage of life which helps economy and society to develop effectively. It also create
opportunities for the company to improve its growth in the market as well as gain more and more
competitive advantages by solving it in effective manner.
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