Key Issues Affecting Business Environment in Retail Industry

BUSINESS ENVIRONMENT

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Two key issues that affected the organization.............................................................................3
PESTLE.......................................................................................................................................4
Two keys issues impacting sustainability of business.................................................................6
Reflection.....................................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................1

INTRODUCTION
Business environment are factors or forces which are present to build and maintain a
healthy and successful customer relationship of the organization. Report consists of issues which
are going to make the working and efficiency of business get affected. There recommendations
which would be suggested in the end of the report as well so that the business will be able to take
the right measures and be able to compete in market effectively. Analyses help the businesses in
the market to have better planning and direction which can be taken for higher outcomes.
MAIN BODY
Two key issues that affected the organization
There are a lot of factors which are going to influence the working and efficiency of the
business in the market which is not good for a long run. The business has gathered a strong
reputation and brand image for themselves in market which needs to be maintained otherwise
organization will lose their competitive advantage in market. The further report is going to
discuss the two key issues which are present in food retailer and wholesalers.
 Labour turnover
There are part time workers and employees which are not for retention in one business.
Retail industry is having a lot of competitors in the market therefore the employees also gain
experience from one organization and move on to the other where they are getting more benefit.
It is important for retailing industry to have a stable working which is present in the organization
so that right measures can be taken and the companies will be able to operate effectively. There
are a lot of rewards and other benefits which are kept for the employees so that the retention
level of the workforce can improve which would be successful for the organization. Job
dissatisfaction is very high in this industry and this will have to be improved so that the business
will be able to perform effectively and efficiently (Bradberry, 2015). Employees are the
backbone of any organization and it is essential for the business to maintain them so that the
company will be able to have higher sales and profitability. He legal factors in the retailing
industry is not that strong because the company needs employees on low wages so that the
business will be able to have higher profitability in the market. Employees are not that well
educated and have little knowledge about retention and that can be used as the retailing industry
want so that they are going to be a stability which would be present in the organizations.