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
Technological changes
The technological changes in the business will depend up on the development of the strategy in the business and the way technology develops in the coming years. One technological development that could e made is that all shopping could be turned into online shopping even grocery shopping, even though online shopping has already come apparent in this economy it could spread wider meaning more shops close down because of the replacement of online shopping and the stock will only be kept in the correct conditions in the warehouse this will change the way that people shops and the initiative will become shopping in ‘one click’ even though this will increase the amount of sales for Tesco and the stakeholders would take more of an interest as the number of shares in the business would increase. However the downside of this is more people who work in the stores would lose their jobs as a result of online shopping and this implication can have an effect on economy because rates of unemployment would increase due to the number of people who have lost their jobs.