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Tesco Business and Business Environment - Doc

   

Added on  2020-10-04

8 Pages1964 Words247 Views
Business andbusinessenvironment

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Table of ContentsINTRODUCTION...........................................................................................................................1PESTLE Analysis .......................................................................................................................12. SWOT and its relation with the decision making and external macro factors........................3Conclusion ......................................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONBusiness environment means factors includes internal and external who affect to performance oforganization in negative and positive way to customers, management and supply & demand ofthe organization and its puts direct affect on making decision-making. TESCO Plc is a publiclimited retailer company. Its founded in 1919 by Jack Cohen. It is a multinational groceriesretailer. this report will covers pestle and swot analysis of organization and inter relationshipbetween them. PESTLE Analysis It describes proper frame work of macro business environment factors using in theenvironmental scanning element of strategic management. It is one of the best took that help tounderstand market decline or growth, direction and potential for operations and business positionin marketplace as against form others (Gonen and et.al., 2017). PESTLE help to identify all thedifferent external factor that affect business and any other organizations functions bothnegatively and positively. It is very essential for businesses because it helps to understandcurrent market situation and recent trend in economy.Political factors: Tax rates, political instability, impending and current legislation,underemployment rate and economic situations of the countries where TESCO operatingare political factors that affect each operations of organization. Raise taxation rates is oneof the element that impact on company business policy. Negative impact- Firm arepaying tax on trading process and run this program effectively, but sudden changes in taxrates effect its policies in which they need to change the things that take long time ofperiod. Positive impact- But on the other side TESCO pay tax rate decided by thegovernment they will lead as a leading brand over other companies who do not follow theprocedure. It also effects on decision-making activity of organization management inwhich they make changes in it and try to adopt the following system that raise theposition of company in marketplace.Economic factors: Economic factors include changes in taxation and policies and otherfactor which affect accessibility of finance budgets. Negative impact- Labor cost is oneof the essential component that impact TESCO supermarket (Sridhar, 2014). In this stagethey have to pay employees extra pay and increase their wages percentage more than thenow that influence on organization finance budget. Positive impact- Company pay1

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