Business Studies Report: Tesco's Internal and External Factors

This report provides an overview of Tesco's business operations, focusing on key departments like HR, Marketing, and Finance. It examines collaborative working processes and their impact on the organization. The report includes an analysis of internal and external factors affecting Tesco, utilizing SWOT and PEST analytical tools to assess strengths, weaknesses, opportunities, threats, political, economic, social, and technological factors. The conclusion emphasizes the critical roles of HR, Marketing, and Finance in the organization's success, highlighting their importance for staffing, product sales, and market interaction. The report is based on the work of various researchers and provides a comprehensive understanding of Tesco's business environment.

INTRODUCTION TO
BUSINESS STUDIES

TABLE OF CONTENT
 INTRODUCTION
 MAIN BDOY
 CONCLUSION
 REFERENCES

INTRODUCTION
 There are certain departments in the organisation.
 Those departments are very necessary for an organization to work.
 Departments present in the organization are finance department,
HR department, marketing department, research and development
department etc.
 This presentation discusses different functions of Tesco.
 The Tesco is a highly reputed retail brand of the United Kingdom,
which currently the biggest customer base in its home country UK.

MAIN BODY
 An understanding of collaborative working process
 Collaborative working means it is a setup where experts work together despite
their geographic location.
 It can be virtual or technology based such as email, video conferencing,
messaging or blogging.
 These tools provide work culture and encourage collective work.
 Younger generation adopt these culture of collaboration easily while seniors
find this as an innovative culture.
 Working together in the organization is the collaborative working practices.
 These practices help in working together nicely.

CONTINUE….
 There are three types of collaborations which are team, community and
network collaboration.
 In team collaboration, everyone is getting equal responsibility and
compensated according to their work.
 Team members have their parameters, they know their tasks, expectations,
goals, timelines etc.
 In community collaboration, apart from completion the task the goal is
learning and collecting information.
 In this community members gain the knowledge by sharing information and
giving advice.

CONTINUE….
 Internal and external factors
 There are SWOT and PEST analytical tools has been used below for
identifying different internal and external factors of Tesco.
 SWOT Analysis
 This is a very useful tool which most businesses use for knowing the impact
of their internal business environment factors.
 It discusses four internal factors which has been discussed below;
 Strengths: Currently Tesco is the most reputed and leading retail business of
the United Kingdom.

CONTINUE…
 PEST Analysis
 This another useful analytical tool which most ventures uses for knowing
the impact of various external business environment factors.
 It indicates four major external factors which has been discussed below;
 Political factors: These factors affect to company for fulfilling different
obligations which has imposed by local government, like; taxation.
 Economic factors: Existing economic conditions of the UK is not
effective, in which this factor can negatively affect to Tesco, because poor
conditions of a country always reduce sales ratio of existing businesses.

CONCLUSION
 From this report it can be concluded that HR, marketing and
finance department plays a vital role in the organization.
 Without these departments organization can't even survive.
 HR is required for filling every position in the organization by
right person.
 Marketing is necessary so that final products can sold in the
market.
 They have contact with the direct users.
 At the end, different internal and external factors are highly
affecting to Tesco in market place.

REFERENCES
 Books & Journals
 Esswein, M. and Chamoni, P., 2018. Business Analytics in Finance
Department–A Literature Review. Muticonferenz
Wirtschaftsinformatik, Luneburg.
 FORSON, A.J., 2018. A research work submitted to the Department
of Business Studies of the (Doctoral dissertation, Department of
Business Studies of the Faculty of Banking and Finance, Wisconsin
International University College).
 Ghauri, P., Grønhaug, K. and Strange, R., 2020. Research methods
in business studies. Cambridge University Press.