Discuss the impact macro factors may place upon your chosen Essay

Discuss the intrusion macro factors may place upon your chosen organisation in the future (1-5 years) and how the organisation may - stress ExampleIn business there are different categories of laws, e.g. consumer laws etc. These are new laws great deal to protect consumers from il effective practices, such as misleading description of the goods offered. TESCO can cope with this rule by ensuring that it offers product of high quality to the customers as this lead increase their trust to the associations products. It should in any case distribute products which meet the required health standards to the consumers (Cole, 2012). This willing ensure they meet customers expectations of acquire safe and fasten product, a factor that plays part in customer satisfaction. Employment laws are set to safeguard employees from getting mistreated by the seniors. The law addresses issues such as the length an employee is supposed to be working and the token(prenominal) salaries an employee need to get (Cripps, 2012). As much as Tesco aim to operate at a minimum live, they check to ensure they give proper remuneration to their employees to enable them operate per the law. By doing this, they will proceed employees thus change magnitude the rate of return to the business. Health and safety legislation is also part of the legal laws set to be observed by every company. It states the need of the organization to offer training to it employees (Buxton advertiser, 2011). ... A competition law encourages government to subsidize the cost of production incurred by these small firms. This will enable them participate in external trade and compete with early(a) established companies. To cope with this TESCO has to shape up up with effective ways to ensure that they reduce their cost of production. They can invest in other countries and also adopting the most advanced form of technology in writing to reduce their production cost (Buxton Advertiser, 2011). This will enable them compete with the firms getting subsidies from the government. With the expanding markets in the United Kingdom which is the first Tesco base, more new firms are entering the market to take advantage of the high demand thus increasing pressure on TESCOs management to make necessary changes. Tesco organization can handle this by adopting a high level differentiation of the product in order to continue increasing commemorate loyalty by customers thus counter checking the thrill of the new entrant in the market (Cole, 2012). This will help Tesco to continue dominating the market. Another factor that may affect the Tescos ability to promote is the emerging power of suppliers. With the continued economic growth in the world, many suppliers of both goods and services have seriously been affected by upcoming supermarket chains (Cripps, 2012). This has put Tesco under a constant panic of losing its position in the market to these leading supermarket chains who are offering better pr ices of products to their suppliers. To avoid losing suppliers, TESCO has to entrust better prices to suppliers. This will ensure they contain a significant part of the market. This will make the company the leading