Regent College: Business and Business Environment Analysis Report

This report provides a comprehensive analysis of the business environment, focusing on Tesco as a case study. It begins by exploring different organizational types, sizes, and scopes, differentiating between public, private, and voluntary sectors and their legal structures. The report then delves into the interrelationship of various organizational functions, such as finance, human resources, administration, customer service, and sales and marketing, and how these functions link to the overall objectives of the business. Furthermore, the report examines the positive and negative impacts of the macro-environment on business operations, utilizing the PESTEL analysis (Political, Economic, Social, Technological, Environmental, and Legal) to assess external factors influencing Tesco's performance. The report highlights the effects of economic changes, political instability, technological advancements, social trends, legal frameworks, and environmental concerns on the company's strategies and outcomes. Overall, the report offers a thorough understanding of the external and internal factors influencing business success, providing insights into how organizations can adapt and thrive in a dynamic environment.

Business and Business
Environment

INTRODUCTION
Business is the enterprise who deals commodities in exchange of monetary or non-
monetary whose goals are particular in order to achieve target for which they performed these
commercial activities. The companies who exchange the goods in non- monetary exchanges
often are non- profit oriented businesses (Teece, 2010). These could be managed by government
or some public or private owners. Those enterprise who owned by government are usually
government agencies.
In the market there are some elements in the business environment consisting customers,
suppliers, structure, demands, and employee who affect it in various that directly and indirectly
that can influence the decision and results of organisational activities in various way. In order to
analysis their impact on the objectives of company, a firm should perform micro and macro
environment study in order to understand the threats and weakness of company as well as
identifying the power and opportunity to grow in future.
This report will analyse the various organisational types, their nature, purpose, size and
scope. Tesco is an MNC Which trade its goods and services in more than 14 countries worldwide
(Business environment within different sectors of industry, 2015). The major purpose of this
study is the interrelation of macro and micro factors over each others and their impact on the
external and internal environment that helps an organisation in evolving in industry.
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TASK 1
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