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Your assignment is to prepare and submit a paper on a) conduct a steeple analysis of the the uk supermarket sector and evaluate which of these contexts are the most important to the organisations invo
Your assignment is to prepare and submit a paper on a) conduct a steeple analysis of the the uk supermarket sector and evaluate which of these contexts are the most important to the organisations involved. this section should include a focus on the microeconomic environment (the product market, the labo. Tesco has occupied 30.5% in terms of grocery retail in the market, whereas Morrisons has 11.7% followed by Asda with 17.1% and Sainsbury’s with 16.1% (Butler, 2012). As UK supermarket sector is based on both grocery and retail outlets, the rate of sales for both the products base have made certain impacts on the growth of the market scenario. The rate of sales in retails had enlarged by 5.4% in September 2011 as compared to September 2010 (Office for National Statistics, 2011). Non-retailing counters and automotive fuels selling capacities have improved to 15.5 and 2.8 percent respectively from 2010 in the year 2011 (Tesco Plc, 2012).
The paper intends to discuss on STEEPLE Analysis of the UK supermarket sector and evaluate the factors in the market which would impact in the organizations operating in the market. Moreover, the discussion also focuses on the assessment of the HR practices of one of the leading companies in the UK retail market, Tesco.
STEEPLE analysis is an instrumental analysis through which changes in the environment can be determined in correlation to the operations in the business sector. The analysis is based on different factors such as social, technological, political, economic, ethical, legal and environmental which have an impact on the operations of business in the UK supermarket sector.
In relation to the social factors, it is observed that there is a change in the buying pattern of different materials by the customers which significantly relates to the dimensions of lifestyle changes, alteration in income distribution and changes in living conditions. With the influence of these factors customers in the UK are favouring one-stop shopping of products (Randall & Seth, 2011).
