1. Introduction to the assignment and summary of the selected business. This assignment is about the factors that influences the business environment in different ways. This is about environmental analysis which is dynamic process that comprises scanning, monitoring, disseminating and forecasting. There are different factors which influences the business in 21st century. Somehow these factors have impact on the business in favour of the business and sometimes have an adverse impact in the business.
I am taking TESCO plc as a business. I will look the factors which influences the TESCO plc in different ways. TESCO is a grown company and has working in more than 14 countries with over 500,000 employees. This company is
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Dec 2012). So it is feasible for TESCO to operate their business in Singapore.
Social analysis:
One other factor is social factor. It is about the people living there. What is the thinking of the people? In Singapore there is diversification of people and diversified culture and religion which makes it probably open minded country to new influences. So it will be easy for TESCO to invest in this country for the expansion and growth of their business with proper planning and marketing.
If we consider the other factors about the living standards, Singapore has the population of approximately 5 million. Salaries are high to meet the daily basis expenses. On the other hand people are educated more than 80% adults are highly professional degree holders. So TESCO has this advantage in hiring the people. The most the educated people in the company the more influence on the growth of the company.
Technological analysis:
According to an analysis, Singapore is the most successful in the race of innovation and advancement (Qureshi S. 2010). This is the advantage to TESCO to exploit self-checking out and electronic shelf labelling in its merchandising in Singapore. Singapore has more than 4 million users of internet. So it will be easy for TESCO to exploits information on internet so people can be aware of vacancies available and all the information about TESCO.
Legal analysis:
These factors involves and have effect of both, externally and
On 07/13/2016, Lupita called her supervisor, Robert Sowell to let him know that she was not going to be able to return from her lunch break because she received a call that her grandmother was in the hospital. After this, Lupita called –off every day for the next three (3) days.
It is also easy for many other companies to set up headquarter in Singapore as their starting point in Asia to make it possible to reach to its market point. In addition, Singapore is unique in different lifestyles and culture. It is also known for its capability of attracting sizable foreign investment, pro-business environment and entrepreneurs. Singapore focuses more on a knowledge based economy which can be seen in its education sysem. Furthermore, Singapore is located in the heart of Asia and it plays an important role in international
Tesco is an international or global business. Tesco is very successful as it is a global business. Tesco sells food as their main product but they have recently invested their money and started selling clothes as well as electronics. Tesco will use the different types of capital to help them with methods which affect them in either being successful or unsuccessful. Tesco would rely on Human, Social, Financial and Physical capital as it helps to ensure their business runs efficiently on a day to day basis. As a result, these capitals will benefit Tesco’s in many ways because it will help Tesco to improve their performance and satisfy their customers wants and needs.
Singapore: It has growing affinity for Western-products. The per capita GDP of US$28,100 and is 5th wealthiest in the world. It has 100% urbanization rate with third most expensive Asian country to live in. The existence of rival Morton's Steakhouse and its ability to survive there shows that the consumers have the liking toward this concept.
As a business Tesco needs to be aware of the social markets around them as and when they arise. For instance in August leading up to the new school year in September they will have school uniforms, stationary and other school equipment in stock. If they didn’t then parents may choose to do other shopping such as groceries in competitors stores who do provide such merchandise or who are closer to specialist retailers to save on multiple trips. This could impact on the businesses profits, especially if the store was in an area which had a high, school age population.
The notion of American captivity and freedom is a concept thoroughly examined throughout American literature. Oftentimes, it is evident and rather straightforward what the message or allusion towards captivity is such as in The Interesting Narrative of the Life of Olaudah Equiano. Nathaniel Hawthorne’s The Scarlet Letter does not contain any depiction of direct captivity such as slavery, but instead focuses more on perceived confinement and freedom. Throughout the novel, there is subjugation and the relinquishing and denial of liberty by numerous characters. The characters of this novel are tortured by discerned constrictions imposed mainly by themselves and, unlike Equiano, do have the ability to determine if they should be suppressed. Nathaniel Hawthorne’s The Scarlet Letter demonstrates both freedom with Hester Prynne and mental captivity with Reverend Dimmesdale using sin and symbolism. The physical captivity of the scarlet letter is what allows Hester to have freedom while the lack thereof for Reverend Dimmesdale is what continues to mentally torture him till his passing as well as Pearl represents true freedom from sin.
Singapore has a highly developed market which has historically revolved around extensive exports trade, in other words an export driven economy hugely dependant on export of goods to other countries.
These factors influence the internal environment of an organisation and they help in identifying the past and the present of the company, It also provides a frame work for reviewing strategy position and direction of the company.
International manager Mathew Barlow is quoted in reference to expansion of operation to Singapore that, "Singapore is a great export location for us at the moment
How can the environment influence the company? How can the current environment influence the company?
Singapore is an island that lies just off the southern tip of the Malay Peninsula between the South China Sea and the Indian Ocean. Its strategic location on major sea lanes has provided the country with an economic importance in Southeast Asia. Singapore is often considered as a base for global enterprises looking to expand into Asia and Asian enterprises looking for global connectivity. Located at the heart of Asia, Singapore is sitting at the centre of business opportunities. Having the four key attributes - Trust, Knowledge, Connected and Life, Singapore is being positioned as an ideal city to Work, Live and Play. Singapore was ranked first in Mercer’s Quality of Living Survey 2009.
The Republic of Singapore celebrated its 42 years of independence in year 2007. Situated at the southern tip of Malaysia, Singapore currently holds a population of 4.68 million as of June 2007. At 704.0km2, it is ranked 4th in the world for its population density. During the past four decades, the economy as measured by real Gross Domestic Product (GDP), multiplied by over 20 times (Ghesquiere, 2007, p.11). As a small and extremely open economy, Singapore long term survival is very much dependent on the ability to maintain its viable position and remain afloat in the sea of global competition (Mun Heng et al, 1998, p.14).
An organization is an open system; therefore it interacts with its environment. To manage the relationship with the environment, a large part of strategic planning is concerned. The environmental factors can be divided to 2 main categories, which is MACRO and MICRO .Macro environmental factors seriously affect an organization business practice, profitability and future progress. It can
As I am walking back from the beach, I start to think about the lovely time I just spent painting a beautiful scene. However, I am always improving, but my paintings do not pay the bills. All I can think about is the man that Karen and Gabe are setting me up with. Oh, what was his name, Tom, that’s right Tom. I hope he does not mind that I am dressed in navy blue baggy pants, and a grey tank top with a blue plaid shirt over it, plus my lovely green fish-heads, because this make for one fabulous outfit. Nevertheless, it is an odd choice for clothing, but it is the artistic way. Maybe I should run up to the bathroom and freshen up a bit before I meet Tom, plus my hair is a sandy mess and I smell like a sweaty beach bum. However, that is the price an artist is willing to pay to make her piece known to the world.
In today's world, no business operates in isolation without interacting with the environment where it operates. Irrespective of the nature of business whether public or private organization; manufacturing; service industry; local or international firm, its operations are inhibited by the environment in which it operates.