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Business Environment of Talent Plus : Report

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Added on  2020-07-23

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This report is on "positive and negative impact on macro environment". This report mentioned the different types of organizations such as public, private, and voluntary sectors and also mentioned their purposes. The sizes of organizations are different from each other. There is a difference among the functions of different companies. The company's operation is influenced by the macro-environment positively and negatively. The organizations have some strengths and weaknesses from the internal and external analysis of the organization. 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 the outcome from these impacts.

Business Environment of Talent Plus : Report

   Added on 2020-07-23

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BUSINESS ENVIRONMENT
Business Environment of Talent Plus : Report_1
Table of ContentsINTRODUCTION...........................................................................................................................2TASK 1............................................................................................................................................3Covered in ppt........................................................................................................................3TASK 2............................................................................................................................................3P3 Relationship between different functions of organisations...............................................3TASK 3............................................................................................................................................4P4 Positive and negative impact on macro environment .......................................................4TASK 4............................................................................................................................................6P5 Internal and external analysis of Talent Plus ..................................................................6TASK 5............................................................................................................................................8P6 Strengths and weaknesses interrelate with macro factors.................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12.......................................................................................................................................................14
Business Environment of Talent Plus : Report_2
INTRODUCTIONTalent plus is a Human Resource consulting firm that provides the solutions on talentbased for employees, senior managers etc. and this company is a small size company. In thiscompany, 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, privateand voluntary sectors and also mentioned its purposes. The size of organisation are differentfrom each other. There is the difference among the functions of different companies. Thecompany's operation is influence by macro environment positively and negatively. Theorganisations have some strengths and weaknesses from internal and external analysis. And theseboth strengths and weaknesses interrelate with the macro factors. So, it is necessary to identifythe impacts and then make the proper solutions to outcome from these impacts.TASK 1Covered in pptTASK 2P3 Relationship between different functions of organisationsThe Talent Plus company has the many organisational functions like human resource,finance, sales and marketing, research and development, design and production etc. Theobjectives and structure of each department is different.Human Resource- This department is a backbone of an organisation. The functions ofthis department is to recruitment and selection of best qualified employees which are suitable forperforming the task or job (Halbert and Ingulli, 2010). The human resource manager recruitemployees internally as well as externally. Internal recruitment is less cost and time effectivethan the external recruitment. This department provides training and development programme toimprove 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 bereduce than the capacity than the company will not achieve its objectives on proper time period.
Business Environment of Talent Plus : Report_3
Finance- This department provides the funds to business. It keeps records of money paidand money received. It manages finance and helps in lesser the production cost. The mainobjective of this function is to arrange and mange funds from the internal sources as well asexternal sources. Sales and marketing- This department is mainly focus on the needs and wants ofcustomers and then produce the services and products according to their demand which cansatisfy their needs and wants. The main objective of this department is to satisfy the demand ofconsumers. In this they designed the products and after designing it started packaging, giveadvertisement through newspapers, television, banners, online etc. so, that more and morecustomers know about its goods and services and also purchase. And it helps in increasing theproductivity and growth of an organisation. This function works with the operation. So it is necessary to produce goods on the basisof 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 goodsand services of company and then produce new services and products and make the operationprocess effective. The company conduct market research to know about marketing strategies,competitors, and to do market analysis (Fernando, 2011). The research and development enablethe company is to minimize the costs and enhances the profitability. Research can be doneinternally 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 itsbusiness operations in an effective or proper manner. It can achieve its business objectives inproper 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'sequipments and premises. The main objective of this department is to solve the compliant ofemployees. 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 sothat more and more customers will attract towards the products and services. So that the sale of
Business Environment of Talent Plus : Report_4

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