Business and Business Environment: PESTLE and SWOT Analysis of Tesco

Business and Business
Environment
Table of Contents

INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Identify and discuss the various macro environmental factors that have an impact upon the
organisation using PESTLE Analyses with their positive and negative impacts........................3
Apply a SWOT analysis to organisation to identify their key strengths and weaknesses.
Explain the interrelationships these have with the external factors previously discussed..........5
A critical reflection of key findings and evaluate how they influence the decision-making
process.........................................................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES:...............................................................................................................................9
Books and Journals.....................................................................................................................9

INTRODUCTION
Business environment is collection of all forces and factors that can be internal or
external and beyond the control of business with influences also on functions, operations and
growth of organisation. Business environment helps in identifying new business opportunities
and assist in future growth planning and helps in improving overall performance and profitability
of business. This project is based on business environment using PESTLE and SWOT analyses it
identifying strengths and weaknesses of business.
MAIN BODY
Identify and discuss the various macro environmental factors that have an impact upon the
organisation using PESTLE Analyses with their positive and negative impacts.
PESTLE Analyses
PESTLE Analyses is the strategic framework used for identifying external and internal
factors that can affect environment of business. PESTLE Analyses of Tesco company for
examine the business environment for proper functioning of business.
Political Factor – This factor of PESTLE analyses the impact of tax policies, environmental
regulations and trade restrictions, trade tariffs and economical stability. Tesco has many rules
and regulation formed by government which help them in trading without any complications and
interference by government.
Benefits -
Political factor helps the management of Tesco company in smooth function of business
in political environment and also make pressure on Tesco to make products that are good for
their well being in political factor.
Drawbacks -
Tesco as an multinational company, finds it difficult to corporate within the dynamic
market of international trade with their own rules and regulations.
Economical Factor – This factor includes the term like poverty, inflation rate, living standard of
customers etc. Tesco delivers the premium quality products to the customers, according to their
purchasing power and helps them in achieving their goals.
Benefits -