Internal and External factors: Tesco And Its Environment

This report explains the internal and external factors affecting Tesco's business, including a SWOT analysis and PEST analysis. It also discusses how the company is impacted by its external environment.

Introduction
This report is going to explain about the
several internal and external factors which has
its impact on the business of Tesco.
Tesco And Its Environment
Name of the Student
External Environment
Tesco deals in so many countries but generate major of
its revenues from the market of United Kingdom. The
external environment analysis of Tesco in United
Kingdom can be understand with the help of Pest
analysis which is given below:
Political factors – The ongoing financial stability due
to COVID 19 all over the world also has its impact on
the business of Tesco. Tesco creates employment
opportunity in this scenario and also increases their
demand for products.
Economic factors – These are the factors which are
mostly considered by Tesco and deals with costs,
demand, profits and prices of the products and services
offered in the company.
Social factors – The changes in the trend of shopping
among consumer which has shifted towards bulk-
buying has a increased the sales of Tesco.
Technological factors – The adaptation of technology
in the company helps Tesco to provide better and cost
effective services to their customers and beneficial for
them in their business.
How the company impact its
context External
Environment
Tesco is greatly impacted from its internal and
external environment. The changes in the tax
rates, unemployment rate and other economic
decisions have a great impact on the business
on Tesco in that country. Like Brexit has a
great impact on the business of Tesco in all the
factors included in Pest in different manner.
Internal Factors
The Internal factors includes the SWOT
analysis of TESCO which is provided below:
Strengths – The brand image of the company
in the market
Weaknesses – Inventory management and
quality controls.
Opportunities – to expand in more countries
globally.
Threat – High competition.
References
Brannen, M.Y., Mughan, T. and Moore, F., 2020.
The creative use of insider ethnography as a
means for organizational self investigation: The
“Essence of Tesco” project. In The Routledge
companion to anthropology and business (pp.
132-154). Routledge.
Robertson, F., 2021. Social network influences on
integrated reporting adoption and
implementation–a UK perspective. Journal of
Global Responsibility.