The Impact of External and Internal Factors on Tesco's Business

This report provides an analysis of Tesco's internal and external environments. It examines factors such as financial resources, staffing, corporate culture, and technology within the internal environment. The external environment analysis includes political, economic, social, environmental, legal, and technological factors, highlighting their impact on Tesco's performance. The report emphasizes the importance of understanding these factors for business success, specifically mentioning how high tax rates, changing consumer needs, and carbon footprint affect the company. References include sources used for research.

Introduction
Internal and external environment can affect the
performance of the business in the positive or
negative way external environment is basically the
exogenous forces Tesco is one of the top retailer
company in Uk which was founded in 1919 by jack
cohen. (Sänn, 2017).
TESCO And Its Environment
External Environment
External factors can affect the performance of the business in
the market there are various external factors like Potical,
social, economical, environmental, legal , technological.
These factors have the power to affect the working condition
of the business in the economy if the organisation wants to
achieve success then it is important for the business to
analyses the external factors so that growth of the business
can be achieved properly.
How the company
impact its context
External Environment
If the tax rate will be high in the economy then it
can affect the import and export of Tesco in the
market due to which profit of the business will also
get affected. If the need and requirement of the
economy will be increased then it will affect the
productivity of the business in the market. if the
company will use high amount of carbon footprint
in the business then it will affect the growth
chances of the business in the marketplace.
Internal Factors
There are various internal factors in the business
like finance, staffing, corporate culture and
technology which can affect the performance of the
business in the positive or negative ways. Like if the
organisation will not have sufficient funds then they
cannot perform effectively in the market. if Tesco will
not have advance technologies in the business then
it can affect the productivity of the business in the
marketplace.
References
Sänn, A., 2017. The preference-driven lead user
method for new product development: A
comprehensive way to stimulate innovations
with internal and external sources. Springer.
Alharbi, M.M.H., 2019. External Factors
affecting Behaviour of Workers in
Organizations.