Tesco's Business Environment: External, Internal Factors Report

This report provides an overview of Tesco's business environment, examining both external and internal factors that influence the organization. The external environment encompasses elements like government policies, technology, and the economy, which can significantly impact organizational goals. These factors are often difficult to predict and control. The report also touches upon the ways in which Tesco impacts its external context. Internal factors, on the other hand, are controllable elements within the organization, representing the company's strengths and weaknesses. The report references relevant studies on the impact of regulations and business environments on foreign direct investment, as well as feasibility studies employing PESTEL analysis.

Introduction
Business environment refer to those surroundings of
company that affects the internal as well as external factor
of organisation. It involves needs & wants, suppliers,
owners, employees, changes in economy. The sudden
change in the environment may create changes in lives of
business. It can change in organisation surroundings that
affect operations and decisions quality of both
competitors as well as firm
TESCO And Its Environment
External Environment
These factors create van implication on overall organisational goals.
It is harder to predict and control and can affect the success of
business
• Political
• Economic
• Social
How the company impact
its context External
Environment
There are various methods that define impact of
business on extrinsic environment factors. Some of
them are discusses below:
• Government policies
• Technology
• Economy
Internal Factors
It refers to those elements which can control within
organisation. It is the strength and weakness of company
and fully dependent on certain impacts that affects
business objectives.
• Employees
• Business operations
• Finance
References
• Contractor, F.J. And et.al., 2020. How do country
regulations and business environment impact foreign
direct investment (FDI) inflows?. International
Business Review. 29(2). p.101640.
• Merzy, A.M. and et.al., 2018. Feasibility Study of
PGN Project Diversification by using Capital
Budgeting Model and PESTEL Analysis: A Case
Study of a Project in Vietnam for the Period of 2019-
2037.