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Business and the Business Environment Assignment - (Solved)

   

Added on  2020-10-22

11 Pages3623 Words210 Views
Business and the BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 & P2 Covered in PPT.............................................................................................................1TASK 2............................................................................................................................................1P3 Relationship between various organisational functions.........................................................1TASK 3............................................................................................................................................2P4 Pestle analysis with their positive and negative impacts.......................................................2TASK 4............................................................................................................................................4P5 Internal and External analysis................................................................................................4P6 Interrelation of Strength and weakness with external Macro factors....................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONBusiness environment is all about understanding changes which is occurred atmarketplace in order to run their organization in more effective manner. Basically, company caneasily accomplish their business activities in appropriate manner by analysing the reformation sothat they can attain their set objectives in a defined time frame (Agarwal, Grassl and Pahl, 2012).However, number of companies are emerging at marketplace with distinct motives, size, scopeand so on. Thus, assignment is going to highlight various types of associations and their majortarget towards overall nation and society. Additionally, structure of business entity are alsodescribed in this report by showing the relationship between various organizational functions.Furthermore, an appropriate PESTLE is also conducted for Maybelline and their SWOT formaking changes as per fluctuation in different elements. TASK 1P1 & P2 Covered in PPTTASK 2P3 Relationship between various organisational functionsIn an organisation, there are different department which are perform their work forachieving desired goals and targets to future time period. They are play an essential role ingaining high amount of income and profit in appropriate manner. There are various departmentof Maybelline company that are described as under:Research and development- This is that division which help in analysing and examiningthe whole market needs and requirement for their products to provide quality basedservices in easy manner. With the assistance of this, an organisation are capable for carryout their production for designing appropriate services for the customers.Marketing department- It is that division which have major roles and responsibility isto promoting their new products and services among customers at the large market place(Aterido, Hallward-Driemeier and Pagés, 2011). Apart from this, the financial growth ofcompany is mainly depend on ability and capacity of market range and scope. Production department- In this, firstly, company manager and their employees areanalysing the whole market demand and it customers needs. According to their buyers1

taste and preferences, they are producing goods and services which assist in satisfyingtheir requirement in proper manner. For developing quality best products, the firm needto analyse their buyers needs and wants after that they required to manufacture productsin better way. Human resource management- This is that department of company which has beendesigning their goods and services in appropriate manner. HR team members are thoseperson who are responsible for all business operations and its functions (Auzair, 2011).Along with this, they are hire those employees who have ability to do work in gaininghigh amount of income and profitability. Maybelline division performing various work inorder to reducing the major errors, mistakes and conflicts for doing effective businessactivities in easy manner. Accounting and finance- This is that department which are developing and arranging allaccounting and financial practices in better manner. With the same, the firm are capablefor managing and maintaining their cash flow, budgetary control, fund flow, financemanagement and trading accounting which required to be maintained according to thespecific situation. This can be known as confidential department of an enterprise whichhelp in managing their financial statement of the company and also assist in gettingsuccess and growth in effectively. In this division, team members are recording each andevery business function and activities for arranging all budgetary control and also manageall income amount related to specific products and services. TASK 3P4 Pestle analysis with their positive and negative impactsBusiness environment consist of two major section which involve internal and externalelements that impacts on operational activities either in positive or negative way. It is necessaryfor each and very organisation to observe, analyse and evaluate these components to carrying outdifferent types of tasks or procedures in appropriate manner to achieve desired gaols orobjectives (Avramenko, 2012). Pestle analysis should be conducted by Maybelline to determineimpacts of them on organisational projects. A brief discussion about these external factors isgiven below: 2

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