For Tesco, the management of its operations could be considered, indeed, on a global scale, so it will be influenced by political and legal factors. Additional external factors would arise from entities such as the European Union imposing new trade laws. Balchin (1994) states that employment-related laws put in place by the government have provided incentives for retail employers to provide employment to people from diverse backgrounds. The effect of this is that people from other demographic groups would be offered job opportunities, such as students, elderly people and even disabled people. The effect on Tesco itself would be that if Tesco adhered to these laws, this would produce loyal employees. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayEconomicAccording to the Office for National Statistics, over the last 5 years, the unemployment rate for people above the legal age has fallen steadily. This factor would probably indicate that the economic condition is slowly improving as economic factors would definitely influence the demand and cost of goods. However, it is still imperative that Tesco management ensure precautions are taken should the unemployment rate fall. Although Tesco has a large international presence which brings it high profits, its performance would depend on the health of the UK market, so a recession would cause a slowdown which in turn could have detrimental effects on Tesco. Social Social attitude trends gradually change from time to time. at the time. It influences the way people act and think, which in turn would influence their preferences and decisions and possessing different attitudes and behaviours, each of these issues could be considered by Tesco's management in planning their strategies. According to Calof et al. (2005) consumers are becoming increasingly informed and demanding. There is also the increasingly materialistic attitude of current generations. Demand for quality products at the lowest price is a common theme. Technological advancement has provided various opportunities for Tesco. The Internet has helped shape consumer purchasing behaviors. Online shopping with home delivery services and secondarily self-service checkout points have provided convenience and ease to customers while also reducing labor costs. Thanks to this, customer satisfaction levels have increased and the majority have also adopted a more personalized shopping style. While this has disadvantages as automation has reduced the need for in-person services thus reducing jobs, it increases the need for more technical and highly skilled jobs. This is because maintenance of such machinery and programs would require skilled labor. LegalTesco is expected to comply with certain government regulations and laws that may affect the company's performance. Government intervention in providing monopoly restrictions and reducing buyer power in an industry may limit entry into that particular industry (Mintel report, 2004). Environmental As time goes by, people are becoming more and more aware of their environmental footprint. NGOs and environmental activists constantly monitor the potential damage that could be caused by businesses. The public is demanding a cleaner, greener and more sustainable world. Please note: this is just an example. Get a custom paper from our expert writers now. Get a custom essay Regulatory bodies do.