Assignment on Strategic Planning

Total Words (main text): 4853

Table of Content

Title page…………………………………………………………… 01

Table of content……………………………………………………. 02

Learning Outcome 1 ……………………………………………… 03-05

Learning Outcome 2 ……………………………………………… 06-09

Learning Outcome 3 ……………………………………………… 09-10

Learning Outcome 4 ……………………………………………… 10-12

Learning Outcome 5 ………………………………………………. 12-14

Learning Outcome 6 ……………………………………………… 14-16

References …………………………………………………………. 17

Learning outcome 1

UNDERSTAND THE EXTERNAL ENVIRONMENTAFFECTING AN ORGANIZATION.

1.1: Explain the importance of External factors affecting the organizations.

Ans: Environment produces change in organization. An organization may become victim of change or it may be gainer of change. The external environments are those factors that occur outside of the company that cause change inside organizations and are, for the most part, beyond the control of the company. Customers, competition, the economy, technology, political and social conditions and resources are common external factors that influence the organization. Even though the external environment occurs outside of an organization, it can have a significant influence on its current operations, growth and long-term sustainability. Tesco is one of Britain's leading food retailers with 568 stores throughout England, Scotland, Wales and Northern Ireland. There are also 103 stores in France, 43 in Hungary, 31 in Poland and 13 in the Czech Republic and Slovakia. Tesco is committed to creating shareholder value through an innovative customer focused strategy implemented by the management. For our assignment purpose I take TESCO as to describe how