Business and Business Environment IKEA Group

Added on - Nov 2020

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Business and BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 & P2 COVERED IN PPT....................................................................................................1TASK 2............................................................................................................................................1P3 Relationship between different organisational functions.......................................................1TASK 3............................................................................................................................................3P4 Positive and negative impact macro environmental factor over business operations............3TASK 4............................................................................................................................................5P5 Internal and external analysis of organisation......................................................................5P6. Evaluate how strength and weakness interrelate with external macro factors......................6CONCLUSION................................................................................................................................7REFERENCES...............................................................................................................................8
INTRODUCTIONBusiness environment is the combination of internal as well as external factors whichaffects the business operations and its growth. These factors can not be controlled byorganisation. It is important to analyse external factors for identifying the opportunities that canbe used by firm in order to their advantage and complete business goal in effective manner.This report is based on IKEA group, which is one of the best retailer among the world. Thisorganisation offers kitchen appliance, home utility and furniture across the world (Boons andLüdeke-Freund, 2013). In this, various types of organisations and their purposes are elaborated.This report also various functions of organisation which are interrelated with each other and alsoaffects work performance of each other.TASK 1P1& P2 COVERED IN PPTTASK 2P3 Relationship between different organisational functionsEvery business organisation is the combination of various organisational function whichsupports in accomplishing business goals. Manager of this enterprise have to evaluate theperformance of the employees in order to understand barriers and obstacles which affectseffectiveness of work. In relation with IKEA Group, this organisation focuses on expanding itsbusiness offering reasonable products and services to its customer worldwide (Foss and Saebi,2017). For achieving its predetermined goals, this organisation performs various functions whichare interrelated with each other. Organisation is the combination of several functions likefinance, marketing, human resource, production, operations, research and development etc.Every department in this organisation is related with each other and also influences the workperformances. Interrelation of IKEA's organisational function of are evaluated as below:Human resource:Major work of human resource department in every organisation is tohire right candidate for right designation. In relation with IKEA, HR manager is using severalmethods to increase number of applicants which directly provides many options to hire the bestone. This function Human resource department is related with marketing function as team ofmarketing department are advertising brand name of company in the market and attract the1
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