Tesco's Business Environment: Analysis of Factors and Influences

This essay provides an analysis of Tesco's business environment, examining both internal and external factors that influence its operations. The internal factors discussed include the company's strengths, such as its marketing department, and weaknesses that may hinder efficiency. Opportunities for expansion in the international market are highlighted, alongside threats from competitors. The external environment analysis covers political, economic, social, and technological factors, emphasizing the importance of technology adoption. The essay concludes that the business environment directly affects a company's profitability and efficiency.

Introduction
Business environment is the composition of
different elements and factors that are associated
with functioning of a business at the
marketplace.
TESCO And Its Environment
Name of the Student
How the company impact
its context External
Environment
Major business organisations at the
marketplace affect on different aspects of
external environment to lead the marketplace.
Internal Factors
Strengths- In the global and domestic market
marketing department and its functions are the
major strength of the company (Hamilton, 2018).
Weaknesses- The weaknesses are major
drawbacks of a business which brings inefficiency
in business operations.
Opportunities- Expansion of business operations
and functions in international market is the major
opportunity available to Tesco.
Threats- Different giant global retail companies
are planning to expand their operations at the
marketplace with huge investment.
References
Akhtar, M. and Sushil, S., 2018. Strategic performance management system in uncertain business environment: An empirical
study of the Indian oil industry. Business Process Management Journal.
External Environment
Political factors- These factors are related to rules and
regulations which are formulated by the government of
concerned country.
Economical factors- Tesco is mainly affected by different
factors that are present in the economy of economic
nature.
Social factors- Culture are main part of social factors that
determines organisational culture and its components.
Technological factors- - In the external factors which are
present in the economy it is essential for a business to
apply use of information and technology.
CONCLUSION
From the above discussion it can be concluded
that business environment directly affects in
profitability and efficiency of the company.