Strategic Planning for Tesco: Impact of Internal and External Factors on Organisational Strategy

Name:
Module: Strategic Planning
Chosen company: Tesco
Instructor Name:

Executive summary:
Strategic planning helps in predicting the future scenario by defining the vision and
mission of the company. This helps in achieving objectives and goals in effective manner by
reducing the risk and threats. Company can achieve opportunities and competitive advantages
with the help of strategic planning. It is critically assessed that strategies were very beneficial in
the growth of organisation. Impact of internal and external factors are also evaluated so that
company can identify the working environment. Strategic business plan is also carried out on the
basis of all the factors.

Table of Contents
Executive summary:.........................................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
TASK 1............................................................................................................................................4
An introduction including a definition of strategic management...........................................4
A critical assessment of the process used by organisations to determine their strategy........5
A critical evaluation of the impact of internal and external environmental variation on
organisational strategy............................................................................................................6
A review of an organisation’s strategic plan or Business Plan..............................................9
CONCLUSION..............................................................................................................................11
REFERENCES: ............................................................................................................................12
Books and Journals...............................................................................................................12
Appendices.....................................................................................................................................13

INTRODUCTION
Strategic planning refers to the identification of direction, strategies, decisions and vision
for the accomplishment of targets in an organisation. It ensures proper allocation of resources
and their utilization which helps every organisation in achievement of goals in effective manner.
Managers predicts future conditions and formulate strategies which help them in smooth
operations (Hanlon, 2021). This report is based on Tesco which was established in 1919. It is
headquartered in England, UK and offer products like food, clothes, supplements, nutrition and
personal care products. This report will include definition and importance of strategic
management. Strategy which is used by organisation is critically assessed in this report.
Evaluation of the impact of internal and external environmental factors on organisation. This
report also includes review of Business plan on the basis on change in their external or internal
environmental factor.
MAIN BODY
TASK 1
An introduction including a definition of strategic management.
Strategic management refers to the selection of objectives, goals and objectives in order
to make organisation more profitable. It includes internal business analysis, strategy evaluation
and their implementation so that organisation can achieve their goals in best possible manner
(Huxley, 2020). Tesco focus on their management which improves the efficiency and
performance of their employees. It ensures that resources are equally distributed in each and ever
department according to their requirements so that they maintain quality of their products and
reduce excess wastage. With the help of strategic management, managers of Tesco evaluate the
upcoming environmental and other risk and make strategies to control those factors. This helps
them in identification of better opportunities which help them in maximization of profits. Proper
guidelines, rules, regulation, procedures and policies are formulated so that employees maintain
uniformity in their operations.
Strategic management helps in making operations proactive in Tesco which results in
better growth and development. It makes organisational structure more strong and promotes team
work which reduces conflicts in organisation. Team work helps in reduction and stress of