Report on Tesco PLC: Impact of Internal and External Business Factors

This report provides an analysis of the internal and external factors impacting Tesco PLC. It discusses the company's strengths, particularly its recovery after a financial scandal, and examines external factors using PEST analysis. The report highlights the influence of political factors on Tesco's operations and emphasizes the importance of both internal and external factors for business succ...Read More

Internal and External factors
Internal and external of company have directly impact on
productivity and performance credibility of company so by
this there is working efficiency and effectiveness is done in
appropriate manner. The report is based on Tesco Plc is
British multinational general merchandise and multinational
retail store which have its headquartered in Welwyn Garden
City, England. In this report, there is discuss of impact of
internal and external factors which have effect business.
There is also various different ways in which company have
impact on external environment are included.
How the external and internal factors effect a
specific business or organization
Internal and external factors helps firm for design and
develop various strategies which are suitable by working
standards which are in advanced terms in specific time
period.
Internal Factors
• Cui, J., Allan, A. and Lin, D., 2019. SWOT analysis
and development strategies for underground
pedestrian systems. Tunnelling and Underground
Space Technology. 87. pp.127-133.
• Marinović-Matović, I. and Arsić, L., 2020.
Ecological dimension of PESTEL analysis in small
enterprises in the Republic of Serbia. Recycling and
Sustainable Development.13(1). pp.63-71.
• Pham, G. and Tipton, T., 2018. Internal and external
factors that support children's minority first language
and English. Language, speech, and hearing services
in schools. 49(3). pp.595-606.
It has been concluded as there is bunch of factors by which
there is success and growth of business which is from both
external and internal business. There are many factors which
have impact on performance and productivity of company.
In addition, there are also some factors which is considered
by company as have impact on external environment.
Internal factors: These are define as factors in business
which can be controlled by company. In terms of Tesco Plc,
internal factors are discussed below:
Strength: This is considered as internal advantage which is
driving its growth. In terms of Tesco Plc, there is major
strength as after devastating accounting scandal which leads
to loss in 2015, by this people thought as organisation is now
as top of supermarket chain all over. So by this there is
remarkable recovery which is consider by Tesco.
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External factors:
External Factors: These factors are not in control of
company and which have direct impact on performance of
business. These factors are analysis by use of PEST analysis:
Political factors: This factor have great influence on
performance of Tesco. These involves acts of legislations,
tax rates and there is also stability in which company is
operating. As there is financial instability so government
give advice retailer for create job opportunities.
The different ways in which the business can
impact on the external environment.
There are various external factors which are affecting business
and are not in control of company. By considering the external
factors which allows managers for taking suitable adjustments
in their marketing plan which can be adopted in terms of
external factors.