Business in Practice: Analysis of Tesco's Internal & External Factors

This assignment analyzes the internal and external factors affecting Tesco, a major retail business. The analysis includes a SWOT and PESTLE analysis to identify the company's strengths, weaknesses, opportunities, threats, and the impact of political, economic, social, technological, environmental, and legal factors. The study considers the effects of Brexit, the COVID-19 pandemic, and economic fluctuations on Tesco's performance. It also examines Tesco's impact on the external environment, focusing on its commitments to sustainable practices, including reducing plastic dependency, sourcing products responsibly, and minimizing environmental effects. The conclusion emphasizes the significant influence of both internal and external factors on the business and the reciprocal impact of the business on its environment. The assignment references relevant academic sources to support the analysis.

BUSINESS IN PRACTICE
Internal factors are those factors within a business that can be
controlled by an organization (Vasilev, 2017).
Strengths of TESCO
 Good financial turnover helps in gaining
competitive advantage.
 Strong performance during pandemic helps to attain
an accountable market share.
Weaknesses of TESCO
 Leadership change may affect the productivity of
the company.
 Stock management required to avoid panic buying
situations.
Opportunities of TESCO
 High-unemployment rates help Tesco to attain
the figures to fuel its progress.
 Growth of online grocery prevent the spread
of COVID-19.
Threats of TESCO
 Brexit issue effects major part of the imported
food.
 Recession in economy adds another level of
financial uncertainty.
PESTEL of TESCO
Political Factors
Brexit impact and protract uncertainty influences the
performance of Tesco.
Economic Factors
Fluctuations in global exchange rates impacts sales volume of
Tesco.
Social Factors
Social media popularity impacts the performance of the
organization.
Technological Factors
RFID technology popularity impacts massively diminishes
human efforts.
Legal Factors
Strict rules regarding data privacy impacts the image of the
company in front of its consumers.
Environmental Factors
Reducing plastic dependency impacts from getting free from
environmental problems.
Impact of Tesco on external environment
TESCO commits to offer great products with respect to
minimal environmental effects:
 Joining of SAI platform (Sustainable
agriculture initiative) influences agricultural
supply cable internationally.
 From agriculture, textile and leather
processing, company pledges to have zero
discharge of precarious chemicals.
 Expanding offer of sustainable seafood helps
in meeting customer expectancy.
Conclusion
From the above study it is concluded that internal and external factors do affect the business and business also have
some impact on the external environment.
References
Vasilev, and et.al., 2017. Internal control in the system of innovation management in the modern business environment.
International Journal of Economic Research. 14(15). p.409.
Christodoulou, A. and Cullinane, K., 2019. Identifying the Main Opportunities and Challenges from the Implementation of
a Port Energy Management System: A SWOT/PESTLE Analysis. Sustainability. 11(21). p.6046.

Voice- Over
INTRODUCTION
This poster will study about the internal and external factors impact on the TESCO
and different ways in which TESCO can impact on the external environment.
MAIN BODY
PESTLE and SWOT analysis of TESCO
The politics, economy, competitors, customers and even the weather are all unmanageable factors
that can influence an organization's performance.
Different ways in which TESCO business effects the external environment
Voice- Over
INTRODUCTION
This poster will study about the internal and external factors impact on the TESCO and different
ways in which TESCO can impact on the external environment.
MAIN BODY
PESTLE and SWOT analysis of TESCO
The politics, economy, competitors, customers and even the weather are all unmanageable factors that can
influence an organization's performance.
Different ways in which TESCO business effects the external environment
Customer expects products which are sourced and manufactured in ways in which it actually helps to tackle
environmental challenges.