Internal and external environment of Aston Martin Business and management
Verified
Added on Β 2023/06/11
|13
|892
|93
AI Summary
This presentation discusses the internal and external environment of Aston Martin Business and management through PESTLE analysis, strengths and weaknesses, organizational structure, and current issues. It also highlights the importance of business management in achieving results and resolving problems through proper analysis.
Contribute Materials
Your contribution can guide someoneβs learning journey. Share your
documents today.
Internal and external environment of Aston Martin Business and management
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Content οIntroduction οChosen Business(Automobile-Aston Martin) οPESTLE Analysis Of Aston Martin οStrengths and weaknesses of the business and how it interrelates with the findings of the external environment οOrganizational structure of the selected business οCurrent issue which the selected business is currently facing οConclusion οReferences
Introduction Business management refers to the organisation and coordination of activities of business and is basically the administration of the commercial enterprise. It basically includes supervising and overseeing the operations of business and it also covers certain fields such as accounting, finance, development, designing, data analysis, quality assurance and marketing as well.
Chosen Business(Automobile-Aston Martin) οAstonMartinisbasicallytheiconicBritish independent manufacturer of luxury sports cars and grand tourers. The sports cars are basically regarded as the British cultural icon and also held a Royal Warrant as purveyor of motor cars to the Prince of Wales since the year of 1982. The automobile brand has over 160 car dealerships into fifty three countries. The company is also traded at the London Stock Exchange and also the constituent of the FTSE 250 index.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Continue The present home of the Aston Martin work classic car department is the old 3.6 acre facility in Newport Pagnell, Buckinghamshire that focuses on the services, sales, restoration operations and spares. The company has also the formula one team which is headquartered in Silverstone with a new 37000 square metres factory set to be operational by the year of 2023.
PESTLE Analysis Of Aston Martin There are certain positive and negative impacts the macro environment has on the business which can be explained with support of PESTLE analysis: οPoliticalFactors:Therearecertainpolicies which have been changed with new government so according to the current trends it seems that there can be transition of government in United Kingdom in next election.
Continue οTechnological Factors:Latest technology based innovation implemented through competitors of Aston Martin and it can provide a good insight into what the competitors are thinking and the company business model future is. But the negative impact is that due to fast changing technology so its very challenging for Aston Martin to stand strongly consistently into the market for a longer period of time.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Strengths and weaknesses of the business and how it interrelates with the findings of the external environment There are certain strength of the brand named as Aston Martin which help the company into their further growth and development as well: Aston Martin has thestrong brand image into the market and also have high brand equity with strong legacy as well. Thecompanyhasrichhistoricalheritageandvalues leading to strong customer connect. Aston Martin has strong designing and engineering team which ensures about the
Organizational structure of the selected business Aston Marin has followed the organizational structure which is considered under the category of hierarchical structure. As it is a very large organization and also have a strong brand image into the market due to which it has many roles and responsibilities as well. At the organizational level, it has CEO and Director and also have Chairman of the board as well. The company has around six Directors.
Current issue which the selected business is currently facing In the year of 2021, Aston Martin cut its losses as it reported surging sales amid disruption to its supply chain and also a slow start to deliveries of its new hyper car. The car maker is majorly known for making James Bondβs vehicles which is reported a Β£ 76.5 m operating loss which is compared with a loss of almost Β£ 323 m a year earlier.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Conclusion From the above stated report, it has been concluded that the role of business management is very significant in order to achieve results into appropriate manner. It has been concluded that, for analyzing the external factors there can be support system of certain frameworks and analysis such as PESTLE. It has been determined that there is correlation between strengths and weaknesses of the company with the external factors due to which certain problems can be resolved through proper analysis.
References οFazendeiro, E.A., 2020.Equity Research-Aston Martin Lagonda(Doctoral dissertation, Universidade de Lisboa (Portugal)). οEnergy and et.al., Allegheny Technologies Incorporated (ATI), 114 all- electric car, 121 all-electric spark, 256 Al-Qaeda, 80. οCraddock and et.al., Aston Martin: The Crossover Conundrum.Available at SSRN 3081130. οCollins, B., 2020.Aston Martin: Made in Britain. Hachette UK. οBleda and et.al., 2017. Methodological Challenges and Advances in Managerial and Organizational Cognition. οBleda and et.al., 2017. Methodological Challenges and Advances in Managerial and Organizational Cognition. οHooper, M. J., 2016.The global business handbook: The eight dimensions of international management. CRC Press.