Tesco PLC: Comprehensive Analysis of Internal and External Factors

This report provides an analysis of the internal and external environmental factors affecting Tesco PLC. The internal factors discussed include the company's culture, vision, practices, and the role of employees. The external factors are analyzed using the PESTEL framework, covering political (including the impact of Brexit), economic (such as the effects of COVID-19 and labor costs), social (changing money management habits), technological (like RFID technology), environmental, and legal aspects. The report also examines how these factors impact Tesco's business context, including political alliances, economic impacts of COVID-19, social factors like obesity, and technological advancements such as smart mirrors in retail. References to relevant academic articles are included to support the analysis.

Introduction
A dynamic, modern business environment has a
significant impact on the company's business and
performance. However, external factors are
unpredictable, and the company has very little control
over these factors due to their uncertain nature.
However, there are internal factors that are harmful to
the company because they are able to be reactive and
proactive. For a company, it is necessary to have
knowledge of internal and external factors to ensure
smooth and consistent operation.
Tesco PLc LTD. Internal and external
environmental factors analysis based on PESTEL
External Environment
Political
In addition, Brexit also had a huge impact on Tesco's business, the
company lost many qualified employees as a result of this, the
United Kingdom government has a plan to have special tax rights,
often called Tesco income tax,
Economic factors
The economies of different stranded countries may suffer as a result of the
COVID-19 outbreak, which is an average fuel consumption in order to limit the
size of the population. Labor costs are the main economic activity that can have an
impact on the market.
Social
Money management skills habits were changes over time. People are difficult to
schedule, and they want to have the same date and fast delivery, with a strong
return policy.
Technology:
Tesco, on the other hand, has embraced RFID technology to improve the shopping
experience for its customers. Now customers can pay for it if they want, and Tesco
has launched an online payment system called PayQwid.
Environmental
There were many companies that are under huge pressure from the state to deal
with environmental issues. Companies are responsible for solving these problems
and for the well-being of society.
Legal
Tesco, on the other hand, must still act in accordance with a strict code of conduct
when selling food products to the European Commission.
How the company impact its context External Environment
Political factors-
In addition, strong political alliances have been established with
the BRICS countries to gain free trade and import in these
countries.
Economic
Economic factors in the area that will be severely impacted, the
average COVID-19 spend, the population level drops to zero, and
this will negatively affect Tesco's business.
Social
Social factors in cases of obesity and anemia have been rising for
several days now, in the UK and people's lifestyle has been affected
by the disease.
Technology
Smart mirror is the future of technology in the retail market, which
will serve as the wardrobe of a grocery store.
Internal Factors
Culture –
It is considered to be a combination of values, beliefs, and practices that help
an organization create its own and accompany the process. The internal
culture of an organization can be viewed in the mission statement and vision
for the future.
Vision:
The development of vision is a certain culture, starting from the vision of the
future. TESCO, on the other hand, clearly defines standards for all employees
and explores the ways in which the organization works for customers and
professional standards.
Practices
In practice, Awards don't mean anything if they're not part of the
organization's policy. In this way, TESCO has increased the importance of the
organization and the company to achieve a realistic effect.
People
People without whom the people could not create a culture that coincides
with those who share their values, who have an interest and ability to
implement these values.
Employees
Employees are considered the most important factor in a company's success.
In addition, more than 66,000 employees work in almost 12 countries around
the world. But this is a company where the staff ratio was high.
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