Tesco's Environment: An Analysis of Internal and External Factors
VerifiedAdded on  2023/06/18
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Report
AI Summary
This report provides an analysis of the internal and external factors affecting Tesco, a British multinational retail company. Internal factors, such as human resources, are discussed in terms of their impact on business profitability and customer satisfaction, with emphasis on the importance of employee training. External factors, particularly technological advancements, are examined for their influence on competitive advantage, necessitating investment in new technologies. The report also explores how Tesco impacts its external environment through products, services, and technological innovation. The conclusion emphasizes that both internal and external factors significantly affect organizational growth and productivity, highlighting the need for effective strategies to mitigate the impact of internal factors and adapt to changes in the external environment. The analysis also acknowledges the reciprocal relationship where organizational activities influence the external environment.