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 D2: Evaluate how future changes in economic, political, legal and social factors may impact on the strategy of specified organisation.

 

In this report I will evaluate how the world economic, political, legal and social factors will affect an organisation. Successful business need to make plans for the future and look ahead to the upcoming years so that they are able to cater for their customers in whatever the economic,political,legal and social environment is. They will need to make a business plan and gain valuable market research in order to gain the best prediction for the future.

 

 

The company that I will be using as an example is Tesco which is the third biggest retailer in the world, the sell general merchandise as well as the products they are well known for which are grocery products. Tesco’s sell a wide range of products that ranges from foods to clothes and therefore cater for a vast amount of people, they will therefore need to be aware of any changes to economic, political, legal and social environment.    

D2: Evaluate how future changes in economic, political, legal and social...

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