Project Report on Primark Business Environment
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Added on 2020-06-05
Project Report on Primark Business Environment
Added on 2020-06-05
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BUSINESS ENVIRONMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1) Different types of sectors of organisations...........................................................................3P2 Description about the different stakeholders.........................................................................4TASK 2............................................................................................................................................4P3) Organisational functions and their link with organisational structures................................4P4) Explain how the style of organisation of your chosen businesses helps them to fulfil theirpurposes.......................................................................................................................................5TASK 3............................................................................................................................................5P5) Describe the influence of two contrasting economic environments on business activitieswithin a selected organisation.....................................................................................................5TASK 4............................................................................................................................................7P6) Describe how political, legal and social factors are impacting upon the business activitiesof your selected organisations and their stakeholders.................................................................7CONCLUSION................................................................................................................................8REFERENCE...................................................................................................................................9
INTRODUCTIONBusiness environment consist with the internal and external components which influencebusiness activities and functions directly or indirectly. It can be said that it is the sum total of allexternal and internal factors that largely affects business operations. Company should keep inmind when it operates business in the existing or new market. Stakeholders are the importantcomponent of business environment which includes customers, employees, suppliers,management, investors, business regulations, government etc (Alshamaila, Papagiannidis, andLi, 2013). All these mentioned factors are dynamic in nature which can change a period of time.It can be said that business environment can be encompasses a set of conditions, situations,economics, political, social , or institutional in which directly affect to the business operation. Inthis project report, Primark business environment has been addressed. TASK 1P1) Different types of sectors of organisationsPrimark- In the context of Primark, its business opertioon can highly affected by thebusiness environ mental factor. Primark is an Irish clothing retailer operation in Austria,Belgium, France, Germany, Ireland, Portugal, Spain, the Netherlands, the United kingdom, theunited states and Italy. Company is dealing with the clothing housewares cosmetics product.Further it have over 57000 employees and more than 325 physical stores across the world(Bartolomei and et.al., 2012). Primark vision is to be the most widely spread neighbourhoodcentre covering the entire country, offering retail facilities that cater to the most immediate andbasic needs of its customers, at the most cost effective price possible, in a safe comfortable andpleasant environment manned by very professional, properly trained and friendly staff andretailer sellers. Mark & Spencer- Mark &Spencer Plc is a major British multinational retailer headquartered inthe city of Westminster London. It is listed on the London stock exchange and is a constituent ofthe FTSE 100 Index. Mark &Spencer have 852 store through out the UK as well as manyinternational stores 52 in India, 48 stores in Turkey, 37 in Russia, 27 in Greece,17 in Ireland.Mark &Specer have mission is to provide new quality products in the area of cloths, food, homeand financial services. Further it want to develop such innovative and excellent quality productsthrough which it can deliver effective and full satisfaction to its customers. It mission is to offeraffordable price to its customers.
P2 Description about the different stakeholdersStakeholders are largely influenced internal and external functioning of company. These are thatbodies who has directly or indirectly influenced by corporation’s policies, practices, growth anddecline. Employees- These are people who want to interested in the company financial position.Company should maintain effective relationship with the personnels because the entireactivities and functions of business are depends upon the employees performance.Corporation have responsibility to disclose each and every practices, policies and otherinformation related to the business with employees. Customers- They are another important stakeholder for company. Primark have tomaintain effective relationship with customers by provide them effective and excellentquality of goods and services (Butler and et.al., 2013). Company have to render effectivequality goods and services and produce such products which can provide effectivesatisfaction to them.Suppliers-Suppler are those people who supply raw materials and semi finished good tocorporation. They are interested to know the financial condition of the company. Furtherthey also required that firm paid to them in accordance with the terms and condition ofcontract. Government- This is the major stakeholder which primark have to considered. Companycan maintain effective relationship with government buy paying tax time to time. Furthercompany have to follow the rules and regulation of business operation ion the market.Firm should obey the legislation and code of conduct which has govern by thegovernment. TASK 2P3) Organisational functions and their link with organisational structuresOrganizational structure refers to the method that an organization arranges employee toincrease the productivity and achieve the organization goals. It defines the task, responsibilities,work roles and relationship, and channel of communication. An organization structure can beplan in many different ways depend on the organization objective, the modes in operation andbusiness types.
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