Added on -2020-12-09
This report is on "types of business environment". The present report is based upon WALMART. Its a leading retail corporation that operates a chain of grocery stores and hypermarkets. Apart from this, the report will be described the types and purposes of business organizations with their legal structure. The positive and negative impact of PESTLE analysis of Walmart is also going to be described. The business environment involves several factors, i.e. internal and external factors that have a vast impact on the working activities of the company.
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From the above report "types of business environment", we conclude that the business environment plays a vital role in the growth and diversification of a firm in the marketplace. The report has stated size and scope of different business organizations and how it helps an economy. Various organizational functions, like- finance, human resources, and marketing must be managed in a proper manner cause it improves the quality of work. It results in WALMART can easily attain its goals and objectives in a certain time period. Apart from this, the positive and negative impacts of PESTLE are described in order to determine how such elements can affect business. An internal and external also has been conducted by assessing strengths, weaknesses, opportunities, and threats of the firm. Effective management of business functions helps to build a competitive framework for an association and also supports the firm to accomplish its goals and objectives. For a better understanding of the types of the business environment report, you can also check the Walmart business strategy and competitive advantage.
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