Analysis of Business Operations and Strategic Management

The provided document is an analysis of business operations and strategic management. It includes references to academic papers and books on topics such as internal and external absorptive capacity routines, data mining models, and enterprise risk management. The assignment also covers the importance of self-employment and innovation in small businesses and the impact of technological advancements on wealth management industries. Additionally, it provides a SWOT analysis of strategic environmental assessment systems and examines the determinants of innovative behavior in small businesses.

BUSINESS & BUSINESS
ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 and P2 Explain different types of organisation with their purpose explain the size and
scope of the different types of organisation................................................................................1
TASK 2............................................................................................................................................6
P 3 Relationship between the various business operations and activities and the organisational
objectives and structure...............................................................................................................6
TASK 3............................................................................................................................................8
P4 Identify the positive and negatives impacts the macro environment has upon business
operations, supported by specific examples................................................................................8
P5 Description over internal and external analysis of organisation in terms to identification of
strength and weakness...............................................................................................................10
P6 Define the strength and weakness interrelate with external macro factors. ........................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
A business is deeply influenced by the environment under which it operates. The positive
and supportive trading environment will help in good rise in the management of the business
activities that will help in good handling of the operations and meeting of targeted goals and
actions that are been followed within the organisation and thus help in good rise in the effective
planning of the operations which are been followed by a business organisation that facilitate a
good rise in effectiveness of firm (Fernando, 2011.). The firm will see through the internal and
external environmental factors that will be managed in order to mitigate the various risks that are
associated with the organisation. For the report, various organisations are been taken in
consideration with primary reference to Halifax bank, that works in banking sector. The report
will lay emphasis on the various types of organisation involving public, private and voluntary
sectors with legal structures, with their purposes. Also, the size, range and scope of various
organisation is been evaluated. The relationship between various organisational functions and
those link to objectives and structure is been followed. The positive and negative impact of
macro environment factors is been evaluated and the internal as well as external analysis of
organisation is been followed to identify the strength and weaknesses and its interrelation with
external macro factors of the firm (Guariglia, Liu and Song, 2011).
TASK 1
P1 and P2 Explain different types of organisation with their purpose explain the size and scope
of the different types of organisation.
An organisation is an entity that consists of group of multiple people to form an
association or institution. The people in an organisation have the common goals and are deeply
linked to the external business environment. The external conditions impact the extent of
operations that are been followed by the firm (Hair, 2015). There are many sorts of
organisations, mainly classified as private, public and voluntary sectors along with the legal
structures. The major purpose behind there existence is to provide effective products and services
to their clients, generate revenue for their stake holders and gain a sustainable market position.
There are a wide range of business operations and activities that are been followed by the firm
that will help in good rise in the effectiveness of the different sort of business operations and
activities that are been followed within the firm. The business sectors in UK are been classified
in three sectors which are as follows:
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 Primary Sector: this sector involve the processing or extraction of raw material for the
organisation. This will also help in good rise in effectiveness of other firms.
 Secondary Sector: This sector involves the manufacturing and assembly processes. This
help in effective handling of the operations and meeting of the needs and demands of
their customers. They convert the raw material in the usable goods and services.
 Tertiary sector: this involves the commercial sector which involves the use of
distribution and production services. They are basically the service provider and give out
the specific distribution of product and services.
Sole trader:
A sole trader or proprietorship is the firm that help in good handling of the business
functions. They are the individual service provider and thus involve the operations of the
organisation in a better way by themselves (Lewin, Massini and Peeters, 2011). There is no legal
distinction between the person and his enterprise. The individual owner ha all the control over
the operations that will help him to utilize the earnings or profit by himself. Also, they get help in
the payment of taxes imposed by government. They have various advantages and disadvantages,
which are as follows:
Advantages:
 A sole firm face little difficulty to get set up in market compared to other sectors.
 They have very less reporting or analysing bodies, which enable them to work freely.
 They are very less impacted by the losses in the market and thus have investment, and
incomes in a better way.
 Controlling over the business operations allows better opportunity to adopt the latest
technologies and measures.
 They can easily set any organisational structure and make alterations as per the need.
Disadvantage:
 The personal assets are at risk it the proprietor faces loses.
 Has a very less opportunity for the planning of taxes.
Example of the Sole proprietor are the grocery store owner, salon, Garage owners etc.
who work by themselves. They work in tertiary sector (Guariglia, Liu and Song, 2011).
Partnership:
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A partnership is the group of two or more firms, that runs under an agreement between
them. They are in bide by the legal obligations and conditions that are been set within the
contract or agreements and breaching of these conditions may cause the rise in legal disputes.
The occurrence of the partnership is beneficial for the firms who need to cater the large number
of customers and want to improve their operational capacity that will help in effective
improvement in the business performance of the organisation. The partnership will help in good
rise in the operations of the firm. It has following advantages and disadvantages:
Advantage:
 It reduces the start up cost.
 More capital investment and resources are available.
 Ability to get access to high calibre work force.
 Adoption of effective organisational structures and functionalities to carry out the trade
activities.
 Splitting of profit help in gaining tax benefit.
 Improves ethicalness and legal obligations within the organisation, that will help in
improvement of the performance.
Disadvantages:
 Increases the liability and responsibilities of both the members in the contract or
agreement.
 Each business partner has to bear the consequences of the loses and failure of one
member in partnership.
 There are chances of disagreement, conflict and confusion among the business partners
that can impact the operations of the organisation (Hair, 2015).
 If the partner leaves, the agreement has to be refurbished in order to ensure proper
functionalities.
The example of the firms operating successfully in partnership are Social chain, Bremont
etc. they can work in secondary or tertiary sector.
Limited Company:
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A limited company is defined as that ' a company that have a limited time certified and
creates is business with limited employees sections'. Limited company have authority to
expand his business with some rules and regulation under the government laws and
sections. Limited company are based on under government and comparatively selective
with by the government. Limited company are controllable by government and limited
company have also CSR formation like other pvt. Or Ltd. Or organisation. Limited
company are short time company's because of firms comes from limited company and
limited company shortly becomes an organisation. So limited company are short timing
profitability of company (Lewin, Massini and Peeters, 2011). In UK, Limited company's
have so many barriers to operating but company have fully corrective data government
authorised very quickly.
Responsibility: limited company have responsibility that his employees not having any criminal
records because it's a law that if company do this, company and his employee is in danger
situation. Limited company are reliably authorised by the government. So company have
responsible for the situation. Limited company have responsibility that CSR formation are
included his authenticity of environmental effectively. Limited Company should corrective
information about to given thought of the government process. Limited company are responsible
for information regarding to do some effectively primary data and secondary data information .
Correct data should be very important for limited company.
Advantages:
 Limited company expand his business and start-ups with other company.
 Limited company added his bossiness valuation and changes of company correctiveness.
 Limited company employees have opportunities to do some extraordinary challenges .
 Some times, limited company are shortly profitable .
Disadvantages :
 Limited company are relatable very short term expand with limited firms.
 Limited company have reauthorised his certified years of validation.
 If location of limited area would not be found, they can be disoriented (Osterwalder and
Pigneur, 2010).
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Public limited company:
A public limited company or plc is the firm that has the structure and functionality of a
limited firm but they are able to share their shares to public, enabling them to generate the
revenue through the public issue. They are larger than the limited companies and has the legal
structure similar to that of a limited enterprise, with certain restriction like non transferable
shares and the top management is been chosen by the share holders of the firm. The plc has the
following advantages and disadvantages which are as follows:
Advantage:
 The Plc firms have the better accessibility to the capital as they can get the financial
support from their share holders and investors whenever in need.
 Liquidity of the firm is high. Although the shares of a plc firm are non transferable, the
share holder can sell and purchase them on stoke exchange.
 It has the better valuation in market as the rise in the share of the plc firm will increase
the brand value of the firm.
 The plc entities have the higher opportunity to make the acquisition attempt buy offering
their shares to the stake holder of targeted firm (Rachid and El Fadel, 2013).
 It also helps in gaining the customer s trust and satisfaction level.
Disadvantage:
 If the company is been registered on stoke exchange, it will have larger number of share
holders, which increase its accountability during any issue.
 Financial market condition and valuation of shares decides the performance of the
company, over a time period.
 There is a public involvement in the performance and business activities of the firm.
 The public limited firm fails to take the proper decision and planning without the
involvement of public as a deciding entity.
Instance of the Public limited firm are like Tesco Plc etc. they can work and are
operational in all the sectors in UK.
Government and charity firms:
The governmental and the charity firms are the organisation that works for the benefit of
the citizens and are been managed by a specific firm and the governmental body on the local or
the national level. They look after the betterment or the people and work for overall or specific
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cause or purpose. They are usually non profitable organisations which are run with the support of
government and private managing bodies. They are usually exempted from the taxation and the
earning or the profit is been used for the public welfare (Olson and Wu, 2017).
Example of the governmental and charitable organisation that operate in UK are Oxfam,
NHS etc. which work for the welfare of the people.
Thus, we can say that the different organisations perform a wide range of operations that
are been followed within the firm. This help in good improvement in the operational capability
and satisfaction of the customers of the firm.
TASK 2
P 3 Relationship between the various business operations and activities and the organisational
objectives and structure.
The various sort of business operations and activities are been taken in the consideration
that will help in effective rise in the operational capability of cited banking enterprise and thus
help in the good growth and development of the banking firm (Romero and Martínez-Román,
2012). The firm will look after the better handling of the various measures that are been followed
by the organisation that help in good handling of the operations and thus will support a good rise
in the functionality and profitability of the firm. Some major business operations that are been
taken in consideration and their connectivity to various organisational objectives and structure of
Halifax bank are:
 Human resource management: the effective planning of the HR strategy and placing of
the work force at the firm will help in the good rise in the operations that will help in the
good rise in the operational quality of the organisation that will help in suitable
management of the different operations of the banking entity like lending the loan,
mortgage etc (What Are The Business Operations of a Company?, 2017). other than this,
a well knowledgeable and skilled employee base within the firm will help in good rise in
the compatibility and rise in the functional capability of the organisation that will support
an effective revenue generation that will support a good rise in the operational capability
of the organisation, which will support an effective meeting of targeted goals and
operations which are been followed by the firm. Besides this, the effective planning of
the working of work force within the firm will help in good rise in the operational
capability and thus will support an increase in the company's ability to develop anew and
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innovative product and services, which will not only improve the contentment level of the
clients of banking firm but will also help in improving the market position of the
company and gain competitive advantage over its rivals.
 Marketing: The effective planning and meeting of the idea about the need and
requirements of the organisation will support a good rise in the compatibility that will
help in suitable rise in the operations of the banking firm (Sadgrove, 2016). The proper
analysing of the requirement criteria of the firm and coming up with innovative services
and ideas will help in good planning of the operations that will help in suitable handling
of the operations and thus will help in effective growth and development of the
operations and the products and services that will help in effective hand;ling of the
operations that will support a good rise in the operational capability that will help in good
roise in the effective planning the business operations and thus will help in good rise in
the compatibility and meting of targeted goals and operations which will support a better
rise in the operational capacity of the entity in the market.
 Maintaining of the communication: For a banking firm, maintaining of the proper
communication is very necessary ass it helps the firm to handle the needs and demands of
the customers and stake holders. Other than this it will help in suitable rise in the
operational capability and understanding of the needs and demands of the organisation
that will help in suitable rise in the functional capability of the organisation (Storey,
2016). Halifax bank will use the various communication mediums to handle the plan for
achieving of targeted aims and objectives that are been set by the cited banking entity and
provide its customers with high quality product and services. This will also improve the
effectiveness of the banking entity in the market.
 Auditing and re engineering of the business structure and processes: Halifax bank
will see through the better handling of the business operations that will support a good
rise in the handling of the business enterprise. The proper planning and refurbishing of
the business operations and activites.
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TASK 3
P4 Identify the positive and negatives impacts the macro environment has upon business
operations, supported by specific examples
Macro environment is considered as in internal environment of any organization or
industry. In this environment we will explain that positives and negatives impact on operations
of the business or industry. We will also explain the PESTLE analysis of Halifax bank to identify
the impacts of macro environment (Hossain, 2016.).
PESTLE Analysis:
Political factors : In the banking industry, there are many political factors are affected on
the operation of the industry. Halifax bank is also affected from both the factors positive and
negative. Halifax bank is ti provide financial and insurance services of customers. Political
factors means that government rules, regulations and policies.
Interest rate :Changing the interest rates of banking policies are the positives and
negatives impact of industry. If the interest rate is increase so that customers will affected from
this policies, it is the negative impact, but the interest rate is decrease so that customers will
attract from their policies, it is positives impact of Halifax bank (Sanjeepan,2017).
Public saving: Governments will highly involved in banking and financial sectors. They
can regulated the all the banking and financial policies. In the public saving, bank will become
strict rules and regulation and leading the repositories. These kind of policies are negative impact
on the industry.
Economical factors: Economic growth is interrelated to the banking and financial sector.
Growing of economy is the good for banking sectors. Economical factors includes consumer
transaction and loans. The positive impact on banking is the increasing online transaction by the
customers. The negative impact on banking is the changes in currency exchange rates. Inflation
rate is increased, bank will also increase their interest rates,m so that customers are not
borrowing the loan from banks (Schyns, 2016. ). But in case inflation rates are decreased, bank
will also decreased their interest rates, so that customers will more and more borrowed loan from
Halifax bank. These are economical factors are affect positive and negative impact on the
banking and financial sectors. Changes in monetary policy is the positive and negative both
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affecting of industry. Monetary policy means monetary rates of currency, if the rates are high is
negative but if the rates are low is the positive for customers and industry as well.
Social factors: Social factors are also positive and negative impact on the banking and
financial sectors. According to changes in social and cultural trends, preferences of customers.
Because customer's attitude is different towards banking and financial services. For banking
services is the negative impact of different buying behaviour of customer of using services
related to home loan, business loan and educational loan (Hossain, 2016.). Banks has focused on
customers satisfaction and customers oriented. If the customers satisfied with their services is the
positive impact of banking. But the customers is not satisfied with their services including high
interest rate of loan, return on investment is not give to customers, these is negative impact of
banking. The positive impact is the customers are high level of borrowing loan from bank. In the
rural areas, middle class people's income is very low but the bank rates are very high so that
middle class peoples switch the other banks rather than Halifax bank.
Technological factors: Technology factors are affected positive and negative impact of
Halifax bank. Because of, now the time is technological, all the services are available in online .
Banks will available services on their own apps in the mobiles, so that it is easy to customers
for switching the banks. Technology innovation and development is positive and negative impact
on financial and banking industry (Sanjeepan, 2017). Because of technology changes customers
are not handled their deposits and funds, is the difficult for banks, is the negative impact of
Halifax banks. In another way, introduce the new technology in the market, is the positive impact
of banks. Any changes in debit card swipe machines is the difficult for those customers who has
never using debit card so that it is negative impact of banks, because their work load is very high.
But the high level of using debit card machine is the positive impact of banks.
Legal factors: legal factors including laws, rules and regulation related to the banking
sectors. There are many laws is affected for the Halifax bank. The negative impact on banks is
high risk of recovery of loans from the customers. According to changes in consumers laws is to
negative impact on banks, because in consumer law, there are many provision related to banking
services and related to customers, so that it is difficult for customers take the services. The
positive impact on banks is the customers concern and social benefits. Because of banks are help
in problem, so that customers are more attracted to Halifax bank (Schyns, 2016. ).
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Environmental factors : Some environmental changes are positive impact of banking
and financial sectors. Now days, the all services are providing on apps by banks and all
transaction are paperless is the positive impact of banks. The negative impact on banks is
changes in customers needs and wants for investment related, it is affected for banks. The
positive impact is the online transaction is help for their reducing workload of bankers. Some
technologies changes are including in environmental factors are positive and negative impact on
Halifax bank. Paperless environment including ATM services and online banking services is the
both impact on banks (Hossain, 2016).
P5 Description over internal and external analysis of organisation in terms to identification of
strength and weakness.
Business environmental components are two sorts as; inner and outside in which inward
are controllable while outer stay wild for basic leadership (Wang and et.al., 2018). In any case,
SWOT and porter five forces investigation for Halifax bank can be distinguished as takes after:
This is defined in following manner as are-
For inside examination of Porter 5 drive model will be used that assistance with depicting the
little scale condition, Halifax bank is made out of, which is portrayed underneath:
 Risk of New Entry: The peril of new segment is constantly panic any affiliation. It
impacts the economies of size of association and effect its general business. There are
various new organizations which work at little scale yet make colossal impact on internal
state of business undertaking like Halifax bank.
 Customer Power: Halifax bank is driving sustenance retailer and involve genuine offer of
customers. Purchasers influences the matter of firm in a couple of ways. If association
unfit to deal with their request, they will move to choices and which achieves diminishing
being developed of association (Lonkar and Zafar, 2016).
 Focused Rivalry: Finsbury is incorporated with competition. Tremendous retailers like
Tesco, Aldi's and so on. It ought to have high effect on the relationship in unprecedented
degree.
 Threats of Substitutions: Halifax bank confront non-appearance of danger of substitution,
as most of the purchasers support nature of sustenance which is served by the affiliation.
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 Supplier Power: Halifax bank does not effect suppliers as most by far of the benefits are
created in the affiliation itself and confined resources are purchased from outside
suppliers.
In this SWOT analysis is need to be conducted in order to conduct the depth understanding. It is
defined in following manner as are-
 Strength- The one of significant quality of firm is to give huge assortment of the
administrations to the customer with the different items in qualified way so all purchasers
can draw in with administrations (Sun and et.al., 2014). This firm is having expansive
measure of piece of the pie. This association is having gainfulness from most recent five
years keeping in mind the end goal to adapt up to this all capacity the firm need to take
the advancement method. The business undertaking is making compelling strides keeping
in mind the end goal to concentrating on giving the proper workplace to representatives
with cutting edge working condition which energizes the spirit of representatives. They
are giving great compensation to their representatives with the goal that all labourers are
contributing their administrations in the viable and effective way.
 Weakness- the present market is quickly changing as it is ending up extremely hard to
adapt up to all the need of the customers. They are having different requests according to
the improvement in business. Notwithstanding this association is offer constrained items
for high school age which is affecting the deal development of the market. Further, the
organization offers rebates and plans on items as indicated by its deals not remembering
the customer desire and patterns which affect its capacity of producing income (Ivy,
2018). This sort of exercises is influencing the activity of business in the huge way. This
sort of circumstance is hampering the development of the business endeavour.
 Opportunities- The principle chance of the Halifax bank is to adjust different changes
keeping in mind the end goal to encircling up of the successful methodologies with the
goal that all can work in the ability way. The firm is taking different kind o creative
administrations keeping in mind the end goal to procure extensive measure of benefit so
they can keep up the benefit size of the association.
 Threats- In this they have to make powerful strides with a specific end goal to enhancing
the task of the business. This element is having different rivals so as to adapt up to this
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they have to make fundamental strides. The firm needs to get changes the estimating
systems with the goal that the negative effect on the exercises of the association can be
diminished.
P6 Define the strength and weakness interrelate with external macro factors.
The internal and external analysis in terms to the Halifax bank is described below
manner-
Internal Analysis
Inward condition incorporates hierarchical structure, activities of different offices, work
culture, workplace, and so on. It impacts the authoritative development and improvement.
Halifax bank have vigorous authoritative structure which is progressive and deliberate. The work
culture of the associations is ideal which cultivates worker's inspiration and fulfilment. The
divisions of association have been ordered into different heads which helps in proper association
and designation of work (Lonkar and Zafar, 2016). There is certain work culture glides inside
nature because of its deft representative strategies and practices. From the investigation of
interior condition it was distinguished that the inventory network and acquirement procedure of
the association isn't ideal. It obstructs hierarchical development and formative process. The
money related position of the organization is strong which helps in giving data with regard to
budgetary position of the association. Administration of tasks and generation is suitable and
administrators wants to utilize half breed and cutting edge advances and frameworks inside their
hierarchical structure (Wang and et.al., 2018). From the examination of inner condition it was
distinguished the human asset administration of Halifax bank isn't effective. The approaches
detailed by HR branch of the association does not help in upgrading the inspiration of workers.
New representatives thinks that its hard to modify in the workplace and in this way they leave
inside brief time of serving. This all are useful to adapt up to the changing patterns in the market.
This sort of exercises are useful to draw in the quantity of individual in the market with the
assistance of this firm can expansive measure of gainfulness and profitability (Lonkar and Zafar,
2016). The organization is figuring successful evaluating techniques to rival the other firm. In
this way they can accomplish the most extreme piece of the overall industry with the vast
measure of benefit.
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CONCLUSION
In this report we have using pestle analysis model. In this report, we have concluded that
factors are affected of the banking industry. Such as factors, political factors including
government rules and regulation is affected, economical factors including economic growth is
affected, social factors including customers preferences is affected, technological factors
including changes in technology is affected, legal factors including labour laws & consumer laws
are affected and environmental factors including changes in environment. These factors are
affecting positive and negative impact on Halifax bank. These factors are affected not only
Halifax bank but also affected on whole banking industry.
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company/>
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