International Business Environment in Tesco : Assignment

Added on - 22 Nov 2020

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INTERNATIONALBUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 International Business Environment in which Tesco Operates.............................................1P2 Mechanism that Regulates International Trade.....................................................................1P3 Effects of Environment and Culture of another country on a business operatingInternationally.............................................................................................................................2TASK 2............................................................................................................................................3M1 Methods to increase trade between countries and the methods to restrict trade betweencountries......................................................................................................................................3M2 Comparison of cultural differences and foreign business environments affect multi-national corporations...................................................................................................................4TASK 3............................................................................................................................................4D1 Evaluate the potential problems faced by businesses that trade internationally whenentering new markets..................................................................................................................4D2 Evaluate the impact of cultural differences on international business performance in theinternational market....................................................................................................................5TASK 4............................................................................................................................................5P4 How the monetary environment affects businesses that operate internationally...................5TASK 5............................................................................................................................................6P5 Identification of reasons for businesses operating Internationally........................................6P6 Business Strategies used by a business operating Internationally.........................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONBusiness all around the world is growing quite rapidly and thus every organisation wantsto expand its business beyond national borders, thus the role of international business hasemerged in the recent past a lot. Thus there is a need to effectively manage business and take thesame beyond international borders to capture higher market share over period of time and also togain consumers worldwide. There are also various aspects of international business, that shall beeffectively considered by the management of organisation to grow and prosper. Tesco is anorganisation which works in the retail industry and is having diverse operations around theworld. The current report will discuss the difficulties and opportunities that the company facesfor achieving a foothold on a global level (Andersson, Forsgren and Holm, 2015).TASK 1P1 International Business Environment in which Tesco OperatesTesco is a multinational company and operates in various countries around the world. Inthe recent past, the management of the company has been consistently focusing on variousaspects of business to take it on international level. UK Economy gets affected by businesspolicies that are being framed by big international companies operating in UK, For example, ifTesco decides to operate outside UK, then it will lead to an increase in the Export numbers forUnited Kingdom. The company is having shops and retail outlets in around 7 countries of UK aswell as Europe. Tesco is having around 6500 outlets around the world. The various political aswell as legal policies of various countries in which it operates has a direct effect on the workingsof the company. If there is an increase in the international trade, it generates various benefits tobusinesses as well as economy as it generates employment for domestic people and at the sametime increases overall tax collection for the country in general. There has been a transformationin the global economies, they are opening up market for outside companies and thus this hascreated opportunities for companies like Tesco to work reach out to these countries in anefficient manner (Charter ed., 2017).P2 Mechanism that Regulates International TradeThere is a mechanism that regulates the international trade within the economy. UnitedKingdom is among the top ten economies of the world. United Kingdom is planning toeffectively frame certain policies that will not only encourage international trade within the1
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