Business & Business Environment Assignment - Walmart
In this assessment, you will use the scenarios and also have opportunities to provide evidence against the assessment criteria.
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Added on 2020-10-04
Business & Business Environment Assignment - Walmart
In this assessment, you will use the scenarios and also have opportunities to provide evidence against the assessment criteria.
Added on 2020-10-04
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Business & Business Environment
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT...........................................................................................................................1TASK 2............................................................................................................................................1P3 Relationship among various organisational functions and link to organisational objectives1M2 Benefits and disadvantages of interrelationships between organisational functions............2TASK 3............................................................................................................................................3P4& M3 Negative and positive impacts of macro environment on business operations............3TASK 4............................................................................................................................................5P5& M4 Internal and external analysis of Walmart business firm.............................................5P6 & D2 Strengths and weaknesses interrelate with external macro factors..............................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9.........................................................................................................................................................9
INTRODUCTION Business environment refers to the collection of person, business companies and someother factors which can be and cannot under control of company. All these factors can put theirimpact on growth, survival as well as profitability of a business firm. There are many differentkinds of companies which operate in various kinds of environment. Business environment isregarded as a most necessary component of business management (Bagtasos, 2011). Walmart isthe biggest multinational retail organisation in world and it operates a chain of supermarkets,hypermarkets, many departmental stores and many others. In the present report, various types oforganisations and their purposes will be explained. The relationship among differentorganisational functions as well as their objectives will be discussed. On environment ofbusiness, macro as well as micro both factors develop positive along with the negative impacts.An external and internal analysis of particular organisations in context to determine strengths andalso weaknesses of Walmart organisation will be describe.TASK 1Covered in PPTTASK 2P3 Relationship among various organisational functions and link to organisational objectivesThere are different kinds of functions of an organisation and these all are interrelatedwith the objectives and goals of firm. These functions includes all activities which will be helpfulin accomplishing aims and goals of an organisations in an effective or appropriate manner(Bhaduri and Ha-Brookshire, 2011). In Walmart organisation, there are different functions ordepartments are working together on a common goal and these are human resource, productionand operations, marketing, Research & Development and also finance. This firm is having theproper structure of an organisation which helps managers in proving duties and responsibilities.An interrelationship of the organisational structure with its objectives and functions are givenbelow as above:Human Resource- This department of Walmart business firm, work at all levels and ithelps in making coordination along with the cooperation between all team members. In order topperform the work in a proper manner, this department gives the different advice and suggestions1
to other functions. This function is helpful in defining all roles of firm in a proper manner. Themain objective of this function is to implement plans and policies at workplace.Marketing- IN Walmart, this function plays a necessary role. It is helpful in enhancingproducts value and achieve competitive benefit at market place. From doing effective marketingstrategies, employers can attract more consumers through enhancing sales as well as profit level. Operations and production- It is an important function and performed throughengagement of Walmart company which helps in attracting large number of consumers. Thisfirm produce better quality of products so that more consumers will purchase its products. It isnecessary that firm should make products according to consumer needs. With the help of thisfirm can achieve its goals.Research & development- This function of Walmart organisation conducts a researchabout the market and also the value of existing products (Bovee and et. al., 2016). It helps inregularly development of services and goods in order to executing policies and plans in aneffective manner.Finance- The finance function of Walmart company provides all details and funds whichare necessary to company at regular basis. This department provides funds of each departmentsso that they can do their activities in a proper manner. This function is helpful in runningbusiness, developing assets, promote business etc. The organisational structure are mentions below:Divisional based structure- Under this, divisional structure is to be organised aroundbusiness which are the self- contained entities with the functional departments like for aninstance marketing, finance, human resource etc.Function base structure- This structure is according to the functions of job which arelabelled as the departments such as purchasing, finance and many others (Budhwar and Debrah,2013). In Walmart organisation there are many function working together on common goals.Geographical structure- It structure is implied when a business firm ahas many locations.The Walmart has many stores in different places or cities. The every location operates businessindependently. M2 Benefits and disadvantages of interrelationships between organisational functionsAdvantages and disadvantages of interrelationship among the different functions aredefine below: 2
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