Tesco's Business Environment: Comprehensive Analysis of Key Factors

This essay provides an analysis of Tesco's business environment, focusing on both internal and external factors that influence its operations. It begins by defining business organization and the impact of the external environment. Internal factors such as human resources, plans, policies, brand equity, value proposition, and financial resources are considered. The analysis also covers external factors, specifically political and social elements, and their effects on Tesco. Political factors include the influence of government policies and trade reforms, while social factors involve consumer behavior and demand for products. The essay references academic sources to support its examination of these factors and their implications for Tesco's business strategy and performance.

Introduction
Business organisation is described as how businesses are being
properly structured and how it would help them in meeting up
certain goals. There are various forms of business organisation
like partnership, corporation and many more. In context with the
aspect of external environment it is defined as certain group of
elements which are outside the company but create an effect to
some extent.
Tesco and its environment
Different ways in which it can affect
business environment
Political factors: - In case of chosen organisation they have
large level of product portfolio which deals in food and
beverages, home and personal care and many more. The
main political factors which create an impact on them is the
stance of USA government. As the politician can come up
with new guidelines like in the form of strict trade reforms.
Internal Factors And external factors
There are various internal factors which affects the business like
in the form of human resource, plans and policies, brand equity,
value proposition, financial resources and many more. In the case
of external factors it includes political, economical, legal, social,
technological and environmental factors
References
Baranova, I. and Vlasenko, M., 2021. The Influence of External Factors on the Development of Small and Medium Businesses in the
Russian Federation. In SHS Web of Conferences (Vol. 110, p. 01001). EDP Sciences.
Dejuan-Bitria, D. and Mora-Sanguinetti, J.S., 2021. Which legal procedure affects business investment most, and which companies are
most sensitive? Evidence from microdata. Economic Modelling .94. pp.201-220.
Du, L., 2021. How knowledge affects incremental innovation in SMEs: Knowledge base and knowledge heterogeneity. Journal of
General Management .46 (2). pp.91-102.
Social factors: Unilever always focus on personal care of people
and now they also express the concern regarding the people to feel
and look good also. It is creating the effect in the form of
increased level of demand for all skin care products in such
emerging markets.