Business Studies Report: Tesco's Internal and External Analysis

This report provides an analysis of Tesco's business operations, focusing on the impact of both internal and external factors. The report begins with an introduction to business studies, emphasizing the importance of understanding the factors that influence business performance. It then delves in...Read More

Introduction to Business Studies

Table of Content
 Introduction
 Internal and External factors which impact the business.
 Conclusion
 References

Introduction
Business studies is define as the business process which helps organization to
grow and develop by delivering quality products and services in order to meet
the needs and requirements of customers.

Internal and External factors which impact the
business.
Business of the company is effected by various factors such as internal and
external factors which may has positive or negative impact on the performance
of business. In context of Tesco they need to understand these factors and
formulate business strategy which provide effective and efficient results.

Internal factors
These are those factors which take place within the company according to various situations w
are controllable by the management. The internal factors in context of Tesco are as follow:
Strengths:
●Plan and policies
●Human resource
Weaknesses:
●Research and development

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Opportunities
● Corporate image and brand equity
● Inter-personal relationship with employees
Threat
● Training
● Competition

External factors
These are those factors which take place outside the organization which
are uncertain and are not controlled by the management of company.
These factors are uncertain in nature and can effect the operations of
business which may effect its brand reputation. In context of Tesco
external factors are-
● Social factor

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● Political and legal factors
● Environmental factor
● Technological factors

Conclusion
From the above study it has been concluded that the environmental factors play
important role in the operations of business. These environmental factors are
internal and factors which need to monitored and regulated by the management
in order to accomplish the desire goals and objectives.

References
 Levie, J. and et.el., 2014. Global entrepreneurship and institutions: an
introduction. Small business economics. 42(3). pp.437-444.
 Zellmer-Bruhn, M., Caligiuri, P. and Thomas, D.C., 2016. From the
editors: Experimental designs in international business research.
 van Hoorn, A. and Maseland, R., 2016. How institutions matter for
international business: Institutional distance effects vs institutional
profile effects. Journal of International Business Studies. 47(3).
pp.374-381.
 Draijer, C., 2020. Best practices of business simulation with SAP
R/3. Journal of Information Systems Education. 15(3). p.5.