Analysis of Business Environment, Performance, and Culture

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Added on  2023/01/10

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This report provides an analysis of the business environment, focusing on performance management, recruitment and selection, and issues related to culture, equality, and diversity. The report identifies key issues within the business environment, specifically highlighting challenges in performance management, where the significance of different methods is not clearly understood. It also addresses issues in recruitment and selection, particularly those related to cultural differences. The report outlines recommendations to address these issues, including creating a dedicated improvement team, collecting data for improvement, and implementing and evaluating changes. The report concludes that the business environment plays a crucial role in business success, and the outlined plan can help resolve the identified issues. References include sources on business process management and business model innovation for sustainability.
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Business environment
Task 5
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Table of contents
Introduction
Identification of issues
Performance management
Recruitment and selection
Principles of culture, equality and diversity
Outline map of recommendations
Conclusion
References
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Introduction
Business environment is an essential aspect of business as
this is helpful in analysing external and internal business
factors in order to get competitive edge in the
marketplace. Business environment is the collection of
internal and external factors which includes customer
needs, government interventions and all the policies which
are implemented by business.
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Identification of issues
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Performance management
Performance management is
defined as the most essential
tool for recognising
performance of individuals.
The major issue faced in this
aspect is that management
is not clear about
importance and significance
of each method. Since each
method is having their own
benefits and implications.
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Recruitment and selection
Manager of intercontinental hotel
has recognised that they are
facing major issue in recruitment
and selection process which is
related to culture. In business
various employees are working
with different background and
business policies are made by
keeping all these factors at
prominent manner.
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Principles of culture, equality and
diversity
Manager of
intercontinental hotel
has recognised that
issues related to culture,
diversity and equality is
associated with
language and
communication
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Outline map of recommendations
Identify the area of improvement
Create a dedicated team of improvement
Collect data to adopt improvement
Implementation
Evaluation
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Conclusion
From the above detailed report it can be concluded that
business environment is having prominent role in success of
the business. As there are so many factors which are to be
analysed within business environment which are having
high positive and negative implications on business. At last
various issues are faced within performance management
and recruitment and selection so with the help of outline
plan these issues are sorted.
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References
vom Brocke, J., Zelt, S. and Schmiedel, T., 2016. On the
role of context in business process
management. International Journal of Information
Management. 36(3). pp.486-495.
Evans and et. al., 2017. Business model innovation for
sustainability: Towards a unified perspective for creation
of sustainable business models. Business Strategy and the
Environment. 26(5). pp.597-608.
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