BMP3002: Tesco Business in Practice Analysis Report, Semester 1

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Added on  2022/11/29

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This report analyzes Tesco's business operations, focusing on the impact of internal and external factors. It utilizes PESTLE analysis to evaluate political, economic, social, technological, legal, and environmental influences on Tesco. The report explores how these factors affect the company's performance and strategic decisions. Additionally, it examines Tesco's interaction with its external environment, considering its impact on consumers, suppliers, and the broader community. The report also references academic sources to support its analysis. The report concludes by summarizing key findings and providing insights into Tesco's business strategies. The student has considered the impact of external factors on Tesco's business and how Tesco influences the external environment. The report also considers Tesco's impact on society and the development of the business.
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Business is one of most important aspect for profit
maximisation purpose but there is high trait of
internal and external challenges which create
impact on business positive and negative. In this
report company is consider Tesco plc there is
analysation about Pestle analysis and other external
impact on business effectively within business.
Technological Advances: There is changes to
how consumer use to purchase product ad
services and supply impact on business.
Political and social factor: laws which are
related to health and safety and regulation
impact on companies to better conduct their
business.
Technological: Tesco uses advanced
Artificial intelligence system resources in
their malls to makes provide services flexible
to customers.
Legal: As legal polices and employment
follows by Tesco for its staffs remunerations.
Environment: Tesco actively participate in
CSR activities for long term suitability and
society development.
Impact of External Environment in business.
The external factor which would impact on Tesco
Business:
Economic Condition \: These condition are
like employment rates, disposable income
trends.
INTRODUCTION
CONCLUSION
EXTERNAL ANALYSIS
By using Pestle Analysation of Tesco company:
Political: The United Kingdom corporate
regulation can provide benefit such as
Foreign excha nge policies which help to
attain competitive advantages. But Brexit
Market can makes decrease the business
growth of Tesco in EU.
Economic: The Tesco provide its services
to its UK and other international countries
like house appliances, retail product and
services.
Social: The Services and product of Tesco
is only provide to their existing customers.
From above report is business in practise that
summarised about Pestle analysis and external factor
such as policies, legal issues and other factor that
creates major impact on business.
References
Onyshchenko, S., Maslii, O. and Ivaniuk, B., 2020. The
impact of the external environment.
ЕКОНОМІКА І РЕГІОН Науковий вісник, (1
(76)), pp.22-29.
Hasbi, H.,Noermijati, N. and Rofiq, A., 2021. Effect of
strength of the external environment and
Islamic business ethics on the performance.
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