Business and the Business Environment

This presentation discusses the concept of business and the business environment, focusing on the positive and negative impacts of the macro environment. It also includes an internal analysis of TESCO Plc and discusses its strengths and weaknesses. The presentation concludes with the importance of staying updated and maintaining relationships with other departments.

Business and the Business
Environment

Table Of Content
 Introduction
 Positive and negative impact on macro environment
 Internal analysis
 Strength and weaknesses
 Conclusion
 References

Introduction
Business and Business Environment is understood as the business process
where things keep changing on regular basis as per the preferences of public
at large. It is one of the important concept because it simply gives the idea
that how any of the business decision is needed to be taken. The chosen
organization for this respective project is TESCO Plc which is a British
organization performing at various part of the world.

Positive and negative impacts the macro
environment
PESTLE Analysis is one of the external factor which has the potential to guide company
that how they can deal with the challenges in any of the situation.
Political Factors : The factor which has the direct connection with day to day working
policies of any government party.
Economic Factors: In this factor, the main points which are considered is connected with
exchange rates, currency, inflation and many more.
Social Factors: The demand and requirement of people changes as per the changes in
culture and believes.

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Technological Factors: The external factor which has link with modern technologies and
equipment is known as technological factor.
Legal Factors: The factor which directly says that whenever any of the business
organization are started they must follow the rules and regulation so that unnecessary
penalty cannot be imposed on the company.
Environmental Factors: In this factor, it is needed to be understand that any of the
organization is not allowed to work against the environmental policies because that will not
allow company to attain their goals in any of the situation.

Internal Analysis
SWOT ANALYSIS of TESCO PLC
Strength
Currently TESCO is one of the leading organization
in the retail sector.
Weakness
TESCO is still try to find the way to achieve success
in the market of US as well as in Japan.

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Influence on the decision making process
It is needed to be understood that company must work
according to the strength because that will allow them
to give tough competition to the rivalries.
Secondly, it is needed to be understand for the
company that if they will not focus on weaknesses and
threats then in future period of time they will have to
suffer which is one of the major problem for company
like TESCO.

Strengths and weaknesses
It is important for the company like TESCO Plc to
perform their each and every task as per the
guidelines of law because that is one of the way
they can lead the market.
Political Factor: The factor which tells that decision
of political parties has the crucial role for the
business organization to accomplish target.
Economical Factor: In any of the situation if
economical condition changes then company has
to suffer at the time of achieving their goals.

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Social Factor: It is needed to be
understand that believes and culture has
the huge importance for the company so
that they can perform their task in the
market.
Technological Factor: The factor which
gives more importance to latest
technologies for the betterment of a
company is called technological factor.

Conclusion
The concept which can be developed from the above discussion is that commercial sector is
one of the sector which frequent changes occurs on daily basis due to which it is necessary to
for companies to keep themselves updated. Secondly, business organization required the
appropriate relationship with several other department which can allow them to understand
that how any of the situation can be handled.

References
Golovnev, I.F. and et. al. 2013. Defect generation as a phenomenon of structure self-
organization under external loads. Physical mesomechanics, 16(4). pp.294-302.
Ehret, M., Kashyap, V. and Wirtz, J., 2013. Business models: Impact on business markets
and opportunities for marketing research. Industrial Marketing Management, 42(5).
pp.649-655.
Khan, E.A. and Quaddus, M., 2015. Examining the influence of business environment on
socio-economic performance of informal microenterprises: content analysis and partial
least square approach. International Journal of Sociology and Social Policy, 35(3/4),
pp.273-288.

Thank You