Business Report: Analysis of Tesco's Internal and External Factors, UK

This report provides an analysis of Tesco's business operations, focusing on collaborative working practices and the impact of internal and external factors. The introduction outlines the scope of the report, emphasizing the importance of understanding business collaborations within the retail industry. The report delves into how Tesco's various departments, such as marketing, HR, and IT, collaborate to achieve optimal outcomes. It also examines Tesco's internal functions using SWOT analysis, identifying strengths, weaknesses, opportunities, and threats. Furthermore, the report explores external factors using PESTEL analysis, covering political, economic, social, technological, environmental, and legal aspects affecting Tesco's business. The conclusion stresses the importance of resource utilization and effective working processes to enhance profitability. References to supporting research are included.

INTRODUCTION TO
BUSINESS STUDIES

TABLE OF CONTENT
 INTRODUCTION
 DEVELOPMENT OF UNDERSTANDING OF COLLABORATIVE WORKING
PRACTICES
 INTERNAL AND EXTERNAL FACTORS OF BUSINESS
 CONCLUSION
 REFRENCES

INTRODUCTION
 The presentation explains the understanding
of the business collaborations and the
working practices of the Tesco in the retail
industry. The representation further explain
about the internal and external factors of the
business which have direct and indirect
impact on business of Tesco.

Development of an understanding of collaborative working
practices
Upper management of Tesco has always required to make such environment within its workplace which encourages to
management of all departmental functions for properly coordinating with another department. Basically, there is no department
of business can achieve better outcome without making collaboration with other departments of business. The values of
collaboration in the business environment of Tesco has been discussed below
When marketing department of company requires some talented and skilled employees in or markers in its workplace, then it
directly contacts to HR department of Tesco for fulfilling this requirement. On the other side, HR department of company also
takes steps towards hiring new people for the marketing department.
In this situation, when production department of company wants to implement some new technologies and machineries in its
workplace, then it contacts to information technology department of the company for implementing these in proper manner.
According to the demand of production department, IT manager of Tesco takes steps towards using identifying key
technologies and machineries for implementing them in the workplace of production department.
There are HR department of company always require to coordinate with finance department of company for properly raising
fund to conduct different HRM practices. On the other side, HR department also take steps towards hiring various employees
or people for finance department. This is how collaboration works in the workplace, and there is not functional department of
Tesco can achieve better outcomes without coordinating and collaborating with other functional department of the company.

The internal and external functions of the business: -
Internal functions are the SWOT of Tesco: -
Strength: Strength of the Tesco are the market value they have in the market and the quality of services they provide to their customer from long
period is one of the major factors of their strength (LIU and LI, 2017).
Weakness: Weakness are the major competitor in the market which are taking a lot of market share in the UK market of retail industry is affecting the
business of the Tesco.
Opportunity: There are a lot of opportunity including the expansion of business in different places and making new stores in new country.
Threat; market competition and the variety of low pricing strategies of the competitor is a threat to the organization in the business and they need to
make sure they have good strategy to cope up to these threats.
External function is the PESTEL: -
Political: Political factors of the business are the political interference of the government and the policies of the government (Damasceno and Abreu,
2018).
Economical: economic factors are the economic stability of the government which plays important factor in business of the organization.
Social: Social factors are the change of market trends.
Technology: utilisation and adapting of new technologies in the business.
Environment: providing the best of sustainability product and services.
Legal: following all the legal laws and legislation of the country.

CONCLUSION
The representation conclude that it is
important for the organization to make the
best use of resources and it is important for
them to make the best of working in the
process to increae profit.

REFRANCES
 Damasceno, V.S. and Abreu, Y.V.D., 2018. Avaliação da energia eólica no
Brasil utilizando a análise SWOT e PESTEL. Interações (Campo
Grande), 19(3), pp.503-514.
 LIU, X.T. and LI, J.H., 2017. SWOT and PESTEL Analysis on the
Coordinated Development of New Urbanization and Agricultural
Modernization in Heilongjiang Reclamation Area. DEStech Transactions on
Economics, Business and Management, (eced).