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Business and The Business Environment Assignment - Savoy hotel

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Added on  2020-10-05

Business and The Business Environment Assignment - Savoy hotel

   Added on 2020-10-05

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Business And TheBusiness Environment
Business and The Business Environment Assignment - Savoy hotel_1
Table of ContentsINTRODCTION..............................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT............................................................................................................................1TASK 2............................................................................................................................................1Covered in PPT............................................................................................................................1TASK 3............................................................................................................................................1The context of macro environment..............................................................................................1TASK 4............................................................................................................................................3Frameworks for analysis..............................................................................................................3Internal strengths and weaknesses and their interrelationship with external factors...................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7
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INTRODCTIONBusiness refers to an activity in which goods and services are sold to customers inexchange of money. This act is performed for the purpose of trade and its main objective is toearn profits. Business environment on the other hand is the combination of internal as well asexternal elements that affects the profitability of business. Complexity of the surroundings playshuge role in business operations. The company which has been selected for the discussion onsubject matter in the report is Savoy hotel. It was established in the year 1869 and is located inthe city of Westminster in central London. Followings report covers topics such as differenttypes and purpose of organisation, their size scope and range, relationship between the differentorganisational functions. Other than these identification of positive and negative impacts ofmacro environment and through internal analysis identification of strengths and weaknesses ofbusinesses and their interrelation with external factors is also discussed (Graham and Kaye,2015).TASK 1Covered in PPTTASK 2Covered in PPTTASK 3The context of macro environmentPositive and negative impacts of macro environment within the organisational context: There are different factors which prevails in the business environment that impacts theprofitability of business. The decline in the tourist of Savoy hotel is due to number of externalreasons are affecting the decision making and its operations. PESTEL analysis of Savoy hotel areas follows:Political factors: These are the related to the changes made by the government in therules and regulation which organisation have to conform to. Changing political situation affectsthe position of business negatively as well as positively like laws made by the governmentregarding health and tax rates can influence the operations of Savoy hotel. For examplegovernment of UK charging high amount of tax on luxurious hotel has led to an increase the1
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