Business Environment

Running head: BUSINESS ENVIRONMENT
Business Environment
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1BUSINESS ENVIRONMENT
Executive Summary
This report will shed light on the concept of the internal and the external environments in
which a particular business organization operates. For this particular purpose the report will
take into consideration the Australian company, Hungry Jacks. The report will begin by
providing an overview of the company and will list the risks which the company faces on the
score of the internal and the external environments in which it operates. Finally, the report
will conclude by providing some recommendations which the company can follow for the
mitigation of the risks which it faces at the moment.

2BUSINESS ENVIRONMENT
Table of Contents
Introduction................................................................................................................................3
Hungry Jack...............................................................................................................................3
Environmental factors and the business.....................................................................................4
Risks on the basis of the external factors...................................................................................5
Possible solutions or recommendations.....................................................................................6
Conclusion..................................................................................................................................6
References..................................................................................................................................7
Appendix 1.................................................................................................................................8

3BUSINESS ENVIRONMENT
Introduction
The environment in which the various business organizations operate wields a very
significant influence on the concerned business organizations (Fischhoff, 2012). Therefore, it
becomes very important for the various business organizations to undertake a thorough
analysis of the environment in which they conduct their business (Nechaev, Antipina &
Prokopyeva, 2014). The term environment in the context of the various business
organizations signifies the internal as well as the external environment in which they are
operational (Nechaev, Antipina & Prokopyeva, 2014). It is significant to note that the term
environment in the context of the various business organizations is radically different term
environment in the normal context (Carroll & Buchholtz, 2014). Therefore, an analysis of the
internal as well as the external environment of the various business organizations not only
reveals the environmental conditions in which they are operational but also the strategies
which they need to devise and also implement for the effective mitigation of the business
competition as well as the risks faced by them (Fischhoff, 2012).
Hungry Jack
The company “Hungry Jack's Pty Ltd” was founded in the year 1971 by “Jack Cowin,
James McLamore and David Edgerton” (Hungryjacks.com.au, 2018). The company was
initially formed as a result of the merger of two of the most popular brands of the fast food
industry of the nation of Australia, namely the “Hungry Jack’s and the Burger King”
(Hungryjacks.com.au, 2018). It is significant to note that the company presently is one of the
leading brands in the nation of Australia. Therefore the business organization is often hailed
as one of the exclusive “Australian fast food franchise of Burger King Corporation”
(Hungryjacks.com.au, 2018). The business organization currently not only operates its own
business but is also “is responsible for licensing new operators, opening its own stores and