Tesco And Its Environment: Impact of Internal and External Factors

Introduction
Main objective of this report is to better understand the concept of
internal and external factors which will affect the growth and success
of an organisation. It was analysis that internal factors will affect the
business profitability but organisation will have some control over
these factors (Autenshlyus, and et. al. 2020). On the other hand
business have no control over these factors and they will directly
impact the growth of business. For this report Tesco company is
taking into consideration which is a British multinational retail
company founded by Jack Cohen in 1919, headquarter is in UK. This
report will include impact of internal and external factor and impact
of organisation on these factors.
Tesco And Its Environment
Name of the Student
External Environment
It refers to the factors which are available outside the
organisation and business will have no control over these
factors. In context of selected company, various external
factor which affect the business most are mention below:
Technological factor- This factor will define the rate at
which technology will changes. It was analysis that any
change in technology will directly influence the growth of
business. In context of selected company, they are require
to invest more in new technology so that they will achieve
competitive advantage (Yanwei, 2019).
How the company impact its
context External
Environment
It was analysis that Tesco will also impact the external and
internal environment. Company will influence the external
environment through its products and services. Other than
this increase in the innovation and developing new
technology by the company will impact the technological
factor of external environment (Zhou, and et. al. 2018).
Internal Factors
It refers to the factors which are available inside an organisation and
also company will have some control over these factors (Jozkowski,
2019). In context of Tesco, various internal factors which affect the
business most are mention below:
Human resource- It refers to the people who are working in an
organisation for the achievement of company goal. It was analysis
that the performance of business will affected by the quality and
impact of the people who are work for it. It was analysis that because
of low productivity of Tesco employees the customer satisfaction
level will reduce. But company will manage this problem by
providing better training to their employees (Bhatti and et. al. 2021).
References
Autenshlyus, A.I., and et. al. 2020, July. Influence of
Internal and External Factors on the Production of
Cytokines by Peripheral Blood Cells in Breast
Cancer. In Doklady Biochemistry and
Biophysics (Vol. 493, No. 1, pp. 178-180). Pleiades
Publishing.
Bhatti, S.H., and et. al. 2021. Internal and external
antecedents of open innovation adoption in IT
organisations: insights from an emerging
market. Journal of Knowledge Management.
Conclusion
From the above discussion on this report it is
concluded that both the internal and external factors
will affect the growth and productivity of an
organisation. It is analysis that for reducing the
impact of internal factors company will require to
develop effective strategies and for external
environment they have no control but they can try to
adopt the change. Also it is analysis that organisation
will also affect external environment through its
activities.