Evaluate How Future Changes in Economic, Political, Legal and Social Factors May Impact on the Strategy of a Chosen Organisation

997 WordsFeb 28, 20134 Pages
Evaluate how future changes in economic, political, legal and social factors may impact on the strategy of a chosen organisation Changes in a number of different factors can affect the way in which the business is run in the future and this could mean that the business has to look into different ways of tackling problems, which would mean they have to forecast what they believe the future is going to be like. Tesco as an organisation is constantly expanding because of the amount of people who need to use the supermarket and need to have easy access, in order to keep this going the business has to forecast changes that will happen in the future so this way they can look at what sort of implication the future could have on the business and…show more content…
Political & Legal Changes There are a number of political & legal changes that could occur in the business and some of these could potentially mean the increase or decrease in the custom that the business receives, and it also shows that the business that the two changes are linked and how to tackle the potential changes that are made. A political change would be the change in the government who are running the country, for Tesco this doesn’t have a big impact however the changes in the government could later have an impact because it would mean the business would have to look at the new government legislations and make sure the company applies to each one. Due to political change it would/could lead to legal changes as well, for example a recent change is the ‘challenge25’ law that has been put in place by the current government and this would relate to tesco as they have to look at the current ‘Under 21?’ law and then look into how they could implicate the changes in the business as they might not have anticipated this change which would mean they have to think of how to implicate and change it in all of their stores and this would then mean the business having to look at the potential for the business to think of a strategy which would communicate this to all of the employees and all of the stores. A
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