Strategic Management Essay Example | Topics and Well Written Essays - 2000 words - 25

Strategic Management - Essay Example in that respect ar various strategic decisions which Tesco has to make relating to factors such as the direction of Tesco in the long run, the place setting of its activities, stakeholders values and expectations, responding to the ever changing line of descent environment, building on its capability as a business entity, and acquiring a higher market share relative to its competitors. These decisions tend to be complex as they have to be made in an uncertain situation. There are also various levels of outline for Tesco such as business level dodging, operational schema, and corporate level strategy. Business level strategy refers to the way a business placement yields itself in a particular market to be successful. working(a) level strategy is about various levels of Tesco and their contribution with regard to accomplishment of the strategy. Corporate level strategy deals with the overall scope and purpose of Tesco and how to add value t o various business units.The digest of those factors that are not within the control of a company can be termed as an analysis of macro environmental factors. Macro environment analysis is often done by Tesco to develop a sound association of the issues that are present in the current business scenario. PESTEL framework is considered to be an important tool to conduct macro environment analysis by the Tesco. There are several factors that are considered in PESTEL analysis such as political, social, economic, legal, environmental, and technological aspects of a business environment. The sole purpose of PESTEL analysis is to assist Tesco counselling in the creation of strategies that will leverage the external factors that are not within the control of the organization to its favour. Political factors of the PESTEL analysis deal with factors such as government stability, trade tariffs, policies of social welfare that are imposed upon companies, tax policies, international business regulation laws, etc.