Application of Pestle analysis on Tesco and review of technologies for collaboration and working practices

This report analyses the external factors impacting Tesco's activities through Pestle analysis and reviews different technologies for collaboration and working practices. It examines Tesco's business goals, structure, customers, services and products. The report concludes that change plays a crucial role in the organisation and employees need to respond effectively to changes. It also highlights the importance of implementing the right technology at the right time.

TASK 1

TABLE OF CONTENTS
• INTRODUCTION
• 1.1Application of Pestle analysis to examine the key external forces impacting organisation's activities
• 1.2 Explanation of organisation's business goals and structure of the business
• 1.3 Explanation of an organisation's customers, services or products
• 1.4 Review of different technologies for the people professionals and ways to improve collaboration
and working practices
• CONCLUSION
• REFERENCES

INTRODUCTION
• Business environment is considered to be the sum total of all the various factors which
are available in the external environment of the organisation and that has a great influence
on the functioning of the Business. It involves various factors such as legal conditions,
customers, government, suppliers, competitors, social, technological and various other
factors. In this report Tesco is chosen as the organisation. Tesco is a British based
multinational grocery retailer founded in 1919 and headquartered in London, UK.

Application of Pestle analysis to examine the key external forces impacting organisation's
activities
• Pestle analysis is tool or framework which is used by the marketers to
monitor and analyze the various external factors that have an impact
on the company. It helps in analysing and examining the position of the
company in market through identifying several sectors that are likely to
affect functioning of an organisation.

CONTINUE
• Social Factors: In context to the UK market, due to various social changes, the customers
have moved towards the one stop shopping and bulk shopping. In context to Tesco, the
organisation has increased the number of non food items. Due to more awareness related
to health issues the organisation is adapting changes to accommodate the demand for the
organic products. It involves factors such as health consciousness, health and safety,
cultural norms and expectations.

Explanation of organisation's business goals and structure of the business
• In context to Tesco, the organisation main objective is to become the leading retail
supermarket and also focusing on providing good quality products and services at a cheap
price as compared to its competitors.

Explanation of an organisation's customers, services or products
• In context to Tesco, the major customers of the organisations involves
the people or individuals who are interested in wide range of products
and services and who are interested in bargains.

Review of different technologies for the people professionals and ways to improve
collaboration and working practices
• In context to Tesco, there are various technologies which are used by
the organisation which involves use of social media platforms, cloud
technology, Talent Acquisition software, human Resources Information
Software, Gamification Techniques.

CONTINUE
• Right Technology in Place: In context to organisations it is very important to implement
the right technology at the right time and using cloud based software and idea
management platform that helps in developing novel concepts and helping employees to
collaborate.

CONCLUSION
• From the above report, it can be concluded that there are various factors that creates a
major impact on the performance of the organisation such as Tesco. In addition to that it
helps in analysing that change plays a very important role in the organisation and it is
important for the employees to respond to the changes in a effective and efficient manner.
It also helps in analysing the organisation's goals and objectives and the company'
culture.

REFERENCES
• Subramanian, S., 2018. Stewardship theory of corporate governance and value system: The case of a family-owned
business group in India. Indian Journal of Corporate Governance, 11(1), pp.88-102.
• Ersoy-Babula, A.I. and Babula, M., 2018. Learning on the move business students’ adaptation of virtual learning
environment and mobile device technology. The International Journal of Management Education, 16(2), pp.321-326.
• Cartwright, S., Davies, I. and Archer-Brown, C., 2021. Managing relationships on social media in business-to-business
organisations. Journal of Business Research, 125, pp.120-134.
• Mosteanu, N.R., 2020. Artificial Intelligence and Cyber Security–A Shield against Cyberattack as a Risk Business
Management Tool–Case of European Countries. Quality-Access to Success, 21(175).
• Holbeche, L., 2018. The agile organization: How to build an engaged, innovative and resilient business. Kogan Page
Publishers.