Business Environment and Entrepreneurship

This assignment requires a comprehensive analysis of the business environment, covering topics such as entrepreneurial orientation, access control, corporate social responsibility, leadership skills, business models, and intelligence in enterprise computing. The task involves reading and referencing various articles, books, and online resources to provide insights on how the business environment affects entrepreneurship, firm registration, and performance. A suitable title for this assignment is 'Business Environment and Entrepreneurship' and a meta title of '[SOLVED] Business Environment Analysis'. The meta description should be 'An in-depth analysis of the business environment, including its impact on entrepreneurship, new firm registration, and business performance.' This summary provides specific details about the assignment's requirements and scope.

BUSINESS ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................2
TASK 1............................................................................................................................................3
Covered in ppt........................................................................................................................3
TASK 2............................................................................................................................................3
P3 Relationship between different functions of organisations...............................................3
TASK 3............................................................................................................................................4
P4 Positive and negative impact on macro environment .......................................................4
TASK 4............................................................................................................................................6
P5 Internal and external analysis of Talent Plus ..................................................................6
TASK 5............................................................................................................................................8
P6 Strengths and weaknesses interrelate with macro factors.................................................8
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12
.......................................................................................................................................................14

INTRODUCTION
Talent plus is a Human Resource consulting firm that provides the solutions on talent
based for employees, senior managers etc. and this company is a small size company. In this
company, there are few employees are working and the does not high sales (Xue, Shen and Ren,
2010). In this report, mentioned about the different types of organisations such as public, private
and voluntary sectors and also mentioned its purposes. The size of organisation are different
from each other. There is the difference among the functions of different companies. The
company's operation is influence by macro environment positively and negatively. The
organisations have some strengths and weaknesses from internal and external analysis. And these
both strengths and weaknesses interrelate with the macro factors. So, it is necessary to identify
the impacts and then make the proper solutions to outcome from these impacts.
TASK 1
Covered in ppt
TASK 2
P3 Relationship between different functions of organisations
The Talent Plus company has the many organisational functions like human resource,
finance, sales and marketing, research and development, design and production etc. The
objectives and structure of each department is different.
Human Resource- This department is a backbone of an organisation. The functions of
this department is to recruitment and selection of best qualified employees which are suitable for
performing the task or job (Halbert and Ingulli, 2010). The human resource manager recruit
employees internally as well as externally. Internal recruitment is less cost and time effective
than the external recruitment. This department provides training and development programme to
improve the skills and abilities of employees. The main objective of this function is recruitment,
selection, training, payroll, compensation etc.
This department works with the other departments if the employees in company will be
reduce than the capacity than the company will not achieve its objectives on proper time period.

Finance- This department provides the funds to business. It keeps records of money paid
and money received. It manages finance and helps in lesser the production cost. The main
objective of this function is to arrange and mange funds from the internal sources as well as
external sources.
Sales and marketing- This department is mainly focus on the needs and wants of
customers and then produce the services and products according to their demand which can
satisfy their needs and wants. The main objective of this department is to satisfy the demand of
consumers. In this they designed the products and after designing it started packaging, give
advertisement through newspapers, television, banners, online etc. so, that more and more
customers know about its goods and services and also purchase. And it helps in increasing the
productivity and growth of an organisation.
This function works with the operation. So it is necessary to produce goods on the basis
of customers demand. The main objective of this company is to produce better quality of goods,
satisfy customer needs, increasing profit etc.
Research and development- Its main objective is to make improvement in current goods
and services of company and then produce new services and products and make the operation
process effective. The company conduct market research to know about marketing strategies,
competitors, and to do market analysis (Fernando, 2011). The research and development enable
the company is to minimize the costs and enhances the profitability. Research can be done
internally as well as externally. Internal research takes less cost and less time.
With the help of research, this company will perform well and from this it can do its
business operations in an effective or proper manner. It can achieve its business objectives in
proper time period. This function of company is related to its organisational objectives.
Administration- This department is focus on complaints, stationery, computer services,
handling mail, forms, emails, newsletters etc. for company and it also maintains company's
equipments and premises. The main objective of this department is to solve the compliant of
employees. It is a main part among all departments like finance, marketing, human resource.
The role of this department is very vital.
Design and Production- In this, an organisation design its products in proper manner so
that more and more customers will attract towards the products and services. So that the sale of

products will be increased. The company improve in the production method so that it helps in
make quality products in an effective manner.
Under this organisational structure of Talent plus company, there are many departments are
given below as they are interrelated with each other in order to achieving aims and objectives in
an effective manner. The aim of all given functions are same. Organisational functions are given
below:
CEO (Management consultant)- This person helps in solving problems, increase
development, develop values and also improving performance level of business. This individual
its skills and expertise in providing better consultancy services to people.
HR consultant- Under this, the human resource consultant provides training and
development for its staff members so that they can provide better recruitment services to
consumers or clients. They guide them properly about their carrier. It will helps in achieving
organisational aims and objectives. Under HR consultant, HR manager, coordinator and
Business development manager work.
HR manager- Under this, manager brings the clients and regarding consultancy and
recruitments this person guides and also suggest better services or jobs to clients. Under HR
Illustration 1: Organisational chart of Talent plus

manger, recruiters works and they search new clients which are unemployed and also want some
suggestions and advice about their future.
Business development manager- Its main work is with the sales staff staff in order to
bring clients. The main work of business development manager to develop more sales by making
effective strategies by making better network with clients. The sales executives works under the
business development managers. The aim of both functions are same and their objectives are
common.
If all departments will work together and focus on common goals, then Talent plus
company can attain its aims and objectives in specific time period.
TASK 3
P4 Positive and negative impact on macro environment
The external or macro-environmental can be simply defined as those elements that are
present at outside the control of corporation (Siewiorek and et.al., 2012). It significantly
influences on their performances and the ability of compete with their competitors present in the
market place. Some of the examples of macro-environmental factors are government, economy,
technology, social situations, etc.
The impacts of macro-environmental on the Talent plus are listed below:
 Political factors: As company is dealing with consultancy business of Human resource
management, it is impacted by the various laws of government bodies. It provide
positively effects as laws like working hour management of employees, violation of child
labours, etc. are imposed by them which is good for the freshers as their right are given to
them. The government of UK prohibits the discrimination in recruiting and this gives
direct influence on practices of recruitment. Additionally, the trade union plays a critical
role in the process of hiring the employees. This limits the freedom of management that is
selection of those workers that are believed to be best. The government laws changes
after few years as the new one comes into power.
 Economic factor: The enterprise gets highly impacted by the economical conditions
because they a need a large amount of money to run their business but if such income is
not gained then it becomes a matter of concern. The recruiting gets cost to the employer,
hence, corporation should try that sources of recruitment which deliver a lower cost to

the enterprise for each employee (Blanchard, Tolbert and Mencken, 2011). Hence, this
was the negative impact. On the other hand, positive affects also exists. If the venture has
more money to invest then they hire best workers by paying them more revenue but they
focus mainly on quality work and customer service. The talent management or hiring
skilled worker can only be done when a large number of surveys should conducted on
different colleges and universities and this needed surplus amount of money and time
also.
 Technological factor: The technology has developed now a days providing both
positively and negatively impacts. The various modes of communication has now
enhanced like video conferencing, chatting, online meetings, etc. The organisation can
hire their candidates by taking their online test only. There is another option of taking
interviews via video calls. This can reduces the time as well as costs of firm. So, it is very
important. The clients and workers can be communicated and issues of products can be
solved by without having physical interaction between them (Klapper and Love, 2010).
They can solve this on phone calls, messaging,etc. This also lowers the travelling cost of
them. The corporation can make effective advertisement by making their website online
whereby candidates can apply for jobs and it is the responsibility of Talent plus to
provide them jobs as per their skills. The various software like spreadsheet, Ms-Excel,
etc. are used to do the task of calculations very easily and it takes very small fraction of
time. The negative impact is also present (Boons and Lüdeke-Freund, 2013). As venture
is using internet based system or techniques, this causes a loss or theft of important
information, hacking can be occurred,etc. This reduces the brand image of company as
clients loose their faith from them. This lowers the overall turnover of them as the present
customers switch to other corporations.
 Social: The society also impacts on the working of corporation. The population is
increasing day by day and according to that the number of job should also increases but
company is not creating new jobs . This causes unemployment in the local people . So, it
is the task of firm to create new job opportunities so that more and more people get work.
This improves the branding of them and also enhances their turnover. The employment
conditions in the people where the firm is located will surely influence the hiring efforts
of the company (Oh, 2010). If extra manpower is present at the time of recruitment, then

the informal attempts at that time can be done like announcement of meeting are done
through notice board. This will attract large number of applicants.
Legal factors: The various laws are imposed by government like workers having the
nationality is only hired, non-national people are not allowed to work, employees laws, women
right law, etc. The candidates having the age under eighteen are not allowed to work as they are
not matured and need to educate themselves more. The labour law is also present where
relationship between workers and employees are focused (Gebauer, Paiola and Edvardsson,
2010). Certain other laws like laws prohibiting discrimination in employment, occupational
health and safety law, the compensation law related to worker. These all impacts a lot on the
working of corporation as violation of any one of these causes major issues. The government
may take strict action against the company if any law is not followed.
TASK 4
P5 Internal and external analysis of Talent Plus
Macro environment is part of external environment. It affects business in positive as well
as negative way. These factors are normally uncontrollable and are beyond control of any
organisation. It consists of events, organisations, individuals, conditions, forces and agencies.
Good interaction and interdependent relations are found in macro environment. It is very crucial
to understand working of this system because it can't be directly controlled and measured. Talent
plus has a great internal and external system. Whole system is coordinated really well. It can be
seen that this human resource related firm can develop great profits and is very efficient in
keeping customers happy (Carroll and Shabana, 2010). Here, company's SWOT analysis has
been done and its main features have been calculated in order to know what is required here.
STRENGTHS
1.Experienced employees – Talent Plus has a great number of employees which are having great
experience. Due to this reason company is less liable to any mistakes or errors. Employees who
are experienced knows ways to find solution to any problem. They can assess problems better
and work under pressure. They have strong will power. Also it can be seen that these employees
are more loyal as compared to new employees.

2.Internal process of working – Internal process is really strong and efficient. So work output
that we get is better. Due to better internal working information is not leaked outside in market.
So,policies ans strategies are kept hidden and are very crucial here.
3.Leadership – Employees who lead here are having good skills and help a lot to reach desired
goal. It is also seen that team they control are really best and give a great output. It is seen in
every situation good leadership skills are required and hence a good result is obtained after all.
WEAKNESS
1.Lower brand image – Image of Talent Plus is not that strong since it is not a big company. Due
to this reason company's revenue generation is really low as compared to others (Kang, Lee and
Kim, 2010). Also, it can be seen that it has to work a lot on improving it's image continuously.
2.Promotions – Are not easy to get here. And even if promotions are done it doesn't give benefits
which come along promotions. So, promotional activities must be taken care of.
3.Internal communication – Poor internal communication is a big result for poor productivity.
Communication is required everywhere to know problems, solutions, basic understanding to
employees issues.
THREATS
1.Market competition – Is really high for Talent Plus. Giant companies are present in world
today who are ready to take over any other competitive company. So, it has to be seen that these
threats needs to be taken care of and fought over to win in market. A firm which is very
competitive will result in lowering its own product price in order to win over other product. So, it
becomes really important to find out ways to survive in such conditions.
2.Change in economy – Economical changes results change in policies and various rules and
regulations related to any business. It is directly dependent on country's economic conditions.
These conditions needs to be taken care of and are really helpful (Colfax, Rivera and Perez,
2010). A policy produced during past economic condition can only help in those times and will
not be useful in current conditions.
OPPORTUNITY
1.Increase in demand – Demand has to be increased to make sales. Talent plus should focus on
providing such products and services which would increase their demand. This demand has to be
made constant and should never decline. It is related to products and services required to increase
sales. Talent Plus should increase their sales by expanding their field of expertise.

2.Needs HR management – HR management is not up to the mark of Talent Plus. HR services
needs changes which would be beneficiary for company as well as employee working in it. HR
policies should be up to latest trends and rules.
TASK 5
P6 Strengths and weaknesses interrelate with macro factors
P6: Explain how strengths and weaknesses
interrelate with external macro factor.
Talent plus is a very well known HR consultant firm in UK. So it provides with best
facilities to its customers. There are many factors which affects company's operation. They can
be internal as well as external (Yoon, 2012). Talent plus have various strengths which are strong
point of company and as we know there are always some loopholes short or big but they exist
likewise company also have some weaknesses. Strengths are power of company which it have to
have an edge over market above than its competitors. It is the only things which differs company
from its competitors and work as an competitive advantage to the company. Talent plus strengths
are listed below:
 It provides best advice for human resource management to its clients.
 It is very effective in time management to accomplish companies goals and objectives.
 It also assist its customer to have a command over employees turnover.
 HR techniques and operations are provided by it which can be applied by various firms. It helps in facilitating training program for inefficient employees in an organisation.
Weaknesses are company's imperfection due to which it lags behind from competitors (Wild,
Wild and Han, 2014). Talent plus have some weaknesses and the of company are:
 It requires a lot of time to assess the actual problem.
 It need to adopt more competitive advantage strategies in order to have lead over market.
 There is a need to have flexible policies to meet changing environment needs.
Simultaneously various external macro factors are responsible for strength and
weaknesses of Talent plus consultancy. They affect operation of company directly or indirectly.
Various external factors are listed below: Political factor: Company provides best advices for HR problems which are effected by
political conditions of country so operation of organisation are to be done according to

that this effects strengths of Talent Plus directly. Policies of country's government
influences working of organisation. Technological factor: The technology it uses in finding and guiding different clients for
providing services related to HR has to be up to date this effects company's policies to
operate (Ullah and Lai, 2011). They keep on changing and upgrading in relation with
change in demand of customers. Competition: Adoption of techniques to provide services depends upon competitive
strategies which the organisation forms so it affects company to improve and perform
better than competitors. To have an edge company have to adopt best policies. Economical factor: The economy of country decides whether there is an inflation or not
this directly affects Talent plus cost as resources used by it changes in term,s of price
according to economical changes. LPG policy of country also decides expansion through
strengths of a firm. Environment: Company operates in several surroundings which affects working of
company so it directly effects strengths and weaknesses of the company. A company
have to be according to its environment so as to have sustainable development.
 Legal Factors: Operations of a company are decided by legal factors of country in which
it is operating as they decides what policies they need to follows according to
government. Employment policies related to HR have to be taken into consideration.
Hence, the internal factors are influenced by external factors (Teece, 2010). Strengths and
weaknesses are directly affected by external factors as company have to make its policies
according to them. Various other important factors plays an important role in management of
industry. From all of them Pestle factors are those which play a direct controlling role over
operation. In this way these factors are interrelated with each other. As changes in one can
impact to change in other factor of company. So it is important to consider these factor in order
to have a command over business and to make strengths more stronger and overcoming
weaknesses.
CONCLUSION
It is concluded from the above report that the Talent plus is a small scale firm and in this
company the objectives of each department is different. In this report studied about the various

organisations and their purposes. The purposes of each organisation are different from each
other. The size of each organisation is also differ from other companies. Like the size of Talent
Plus is small and it is a private enterprise. The main aim of this company is to maximize the
profit by providing the consultancy services. In this company, there are many departments and
the functions of each department is different. In this report concluded about the external and
internal affect of macro environment on business operations. The business conduct research
programme to conduct the internal and external analysis of Talent Plus. The company has some
its strengths and weaknesses which is related to the external macro factors.

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