Evaluating TESCO's Business Environment: Internal & External Analysis

This report provides an analysis of TESCO's business environment, considering both internal and external factors that influence its operations. The external analysis covers political, economic, social, technological, environmental, and legal factors, highlighting their impact on TESCO, including effects on GDP, competition, and foreign currency. The internal analysis focuses on factors controllable by the business, such as human resources, organization, culture, and finance. The report concludes that businesses must consider both internal strengths and weaknesses alongside external opportunities and threats to make informed decisions that promote long-term sustainability and profitability. It emphasizes that strategic decisions should account for the consequences affecting both the firm and the economy.

Introduction
The business world have become so dynamic and vast that
it should be feasible to turn its ideas into the market. The
entities which are involved in professional, industrial and
commercial activities that can be whether profit entity or
not for profit entity is business(Allen,2021) .
TESCO And Its Environment
External Environment
External analysis :-External factors are those which are not
controllable by the business organization but they have to make the
decisions so that it maintain its growth and sustainability.
• Political
• Economic
• Social
• Technological
• Environmental
• Legal
How the company impact
its context External
Environment
There are many factors which TESCO can impact to the
external environment. Some of them are discussed
below:
• Impact on GDP
• Competition
• Foreign currency
Internal Factors
Internal analysis:-The factor which can be controlled by
the business enterprise that can be considered into
strengths and weakness of the business is internal factors.
• Human resources
• Organization
• culture
• Finance
References
Alaniz, S., 2018. PESTLE Analysis. Project Management.
Allen, N.L., 2021. North Carolina Unfair Business Practice.
LexisNexis.
CONCLUSION
The business environment is growing so rapidly that we
have to consider both the internal and external factors to
make more profit and sustain for long term in the market.
The internal and external factors affect the respective
firms in a positive and negative way but the company's
operation also affect the external environment of the
economy. So, decision regarding the operation of
business should be made after viewing all the factors and
consequences that affect both the firm and economy.