Report on Tesco's Business Environment, Stakeholders, and Influences

This report provides an analysis of Tesco's business environment, examining both internal and external stakeholders and their influences on the company. It begins with an introduction to the concept of the business environment, defining its impact on organizational functions and performance. The main body of the report delves into the influences of internal stakeholders, such as employees, managers, and owners, and external stakeholders, including suppliers, customers, and the government. It explores how these stakeholders impact Tesco's strategic decisions and operations. The report also highlights strategies for building trust, understanding stakeholders, and inspiring confidence. Finally, the conclusion summarizes the key findings regarding the relationship between the business environment and stakeholder influence within Tesco.

Business
Environment
Table of Contents

INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
Influences of internal and external stakeholders analysis........................................................................3
CONCLUSION...........................................................................................................................................6
REFERENCES............................................................................................................................................7

INTRODUCTION
The term business environment is linked to all external and internal factors which can
affect function of the business and determine how directly and indirectly firm can affect
(Bhimavarapu, Kim and Xiong, 2019). They can be under the control of the organizations for
those factors but it can also affect their performance and productivity in the business
organizations. For this assessment, selected organization is Tesco is a multinational retailer and
general merchandise which is headquarters in England. The third largest retailer in world by
gross incomes and 19th largest world measured by incomes it was established in 1999 by Jack
Cohen. This report covers relationship to analyze international stakeholder of business tactics
and their relationship their benefit how many engages are included.
MAIN BODY
Influences of internal and external stakeholders analysis
To influences various stakeholders whether it is external and internal stakeholders are one
of the best powerful qualities every business analyst that they should kept in place in
stakeholders and influence others to find it is easier to achieve their objective in the long term
without any skills. Stakeholder mapping identify that they can pull together much information as
much has about them and stakeholders have a stake are described in an organization where it is
internal such as employee management and the external such as customers, suppliers,
competitors and so on (Genc, Dayan and Genc, 2019). Interested who participate in
coordination for funding resources and the publications for a local health and external
stakeholders were contributing their knowledge skills and experiences towards contributing their
issues patients, service users and for local communities.
Internal stakeholders External stakeholders
Internal stakeholders are those individuals who
can work for the business organization and
they have effectively and efficiently participate
in their organization of company for all the
External stakeholders are those individual who
are not in the organization because if they get
affected by their individual and also affected

activities and plan all activities. activities of the organization.
Internal stakeholders serve the business
organization
External stakeholder’s serves company
external use only.
Internal stakeholders are provide all
information which are available in business
organizations and also attend their internal
problems and awareness matters of the
business organization (Harmon, 2019)
External stakeholders are not aware of internal
organization and delay problems and their uses
only financial information but the other
information’s publicly available for the
different business objectives.
Internal stakeholders are also famed as a
primary stakeholders
External stakeholders are also framed as a
secondary stakeholders
Internal stakeholders include managers,
investors, owners, entrepreneur and so on
External stakeholders include competitors,
suppliers, public, government and so on.
Business stakeholders
Internal stakeholders: Internal stakeholders are the owner and manager on directly involved in
operation strategy of the business organizations this will include a potential rewarded directly for
the success of firm.
 Employees: Tesco workers are the internal stakeholders who can invest their investments
and the financial performance are recognized to play a different role in strategic and the
operation of business organization (Russell and Taylor, 2019).
 Manager: Manager are also internal stakeholder which should be play substantial role in
demands of organization and also between the shareholder and board of directors and the
organization itself.
 Owner: Owner also internal holders are those individuals who can affect and significant
share of the firm and reliable for organization to play important role in the strategy.
External stakeholders: These types of external stakeholders are wide variety of interaction
between number of different stakeholder groups and there are different businesses who are
keeping in mind while making decisions and carry out their operations.

 Suppliers: Suppliers are external stakeholders who are strategic alliance are independent
of one firm a success and another firm will also impacted and that are closely related with
other organizations and key stakeholders and maintain their relationship of stakeholder
group.
 Customers: The main purpose of providing their product or services to understand their
needs of customer, expectations and a significant part of managing their businesses
through their social media for maintain a strong community (Wadström, 2019).
 Government: Government can determine their mistake of business success there is a
considered primary stakeholders and consider a profit motive involve government also
provide rules and regulations according to their firm and ensuring accounting procedures,
legal counsel are responsible for business representatives.
Influence of stakeholders in business organization
 Build trust: To maintenance their trust in case of Tesco firm their stakeholder are adding
transfer about every decision they can make and it being a very straight forward to a
dealing with various stakeholders.
 Know your stakeholders: Stakeholder understanding is stakeholder lines and interest
can identify to develop their approach to deliver their benefits that they can bring them
over to their side eventually.
 Be clear about their goals: In case of Tesco, they can share their advantages their
project to their stakeholders and they know they are likely to cooperative than those who
don't.
 Inspire confidence: To develop their confident in case of Tesco they are getting struck
by having faith in them if they can understand their businesses they can talk with them
gold heart said they will be easily persuaded (Harmon, 2019).
 Lead by example: Tesco firm is another way of example only teach that they have a
shareholder meetings be on time they have respond in time to have a promptly when they
have a necessary get job than their confidence will increase their listening to advise. It is
a difficult thing that they can believe in something that they do not believe in attitude in
word. Show them project is important for firm and they can also start believing too.

CONCLUSION
From the above information, it has been concluded that business environment may be
affected the business industry directly or indirectly and affect those factors who are under their
control. This report covers internal or external stakeholder’s relationship and how they can
influence stakeholder in business organization.

REFERENCES
Books and Journals
Bhimavarapu, S. R., Kim, S. Y. and Xiong, J., 2019. Strategy execution in public sectors:
empirical evidence from Belgium. Journal of Business Strategy.
Genc, E., Dayan, M. and Genc, O. F., 2019. The impact of SME internationalization on
innovation: The mediating role of market and entrepreneurial orientation. Industrial
Marketing Management. 82. pp.253-264.
Harmon, P., 2019. Business process change: a business process management guide for managers
and process professionals. Morgan Kaufmann.
Russell, R. S. and Taylor, B. W., 2019. Operations and supply chain management. John Wiley &
Sons.
Wadström, P., 2019. Aligning corporate and business strategy: managing the balance. Journal of
Business Strategy.