Business Environment Assignment- Greenwoods

Business Environment

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1 .......................................................................................................................................3
P1 and P2 covered in PPT...........................................................................................................3
TASK 2............................................................................................................................................3
P3 Relationship among different functions of an organisations.................................................3
TASK 3 ...........................................................................................................................................5
P4 Positive and negative impact of Macro environment on business operations of Greenwood
.....................................................................................................................................................5
TASK 4............................................................................................................................................7
P5 Internal and External analysis of Greenwood........................................................................7
P6 Strengths and weaknesses interrelate with external factors...................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12

INTRODUCTION
Business environment is combination of both internal as well as external factors which
have direct or indirect influence upon growth and functioning of an enterprise. All these factors
are inter-related and dynamic in nature. Various components of business are labour, capital,
suppliers, clients, etc. and these factors are used to identify threats and opportunities that can
influence growth of a company. It also help in directing company towards its goals and
objectives by combining both internal and external environment (Cascio, 2018). For sustaining in
competitive world, business environment help company to develop strategies that influence
decision-making process. Thus indulging company to rectify its strength and weakness and
construct opportunities that will minimize threats. Greenwoods is a retail chain headquartered in
England, UK, with stores located in more than 80 locations. It has a series of men's apparel and
related accessories. In this report, different types, size and scope of organisation will be
discussed. Further interrelation of various functions of organisation and their structure will be
analysed. Later strengths and weaknesses of Greenwoods will be determined. At last, relation of
internal factors with macro environment in context of business will be discussed. With these
segments, study of business environment which interrelate with organisational functions and its
impact upon company's success will be thoroughly analysed.
TASK 1
P1 and P2 covered in PPT
TASK 2
P3 Relationship among different functions of an organisations
Functions of a business organisation has divided in many departments with common aim
is to achieve company's objectives and increase its productivity (Importance of Business
environment. 2018). These sections has performed many activities in accomplishing a task,
therefore, all are inter connected with each other. The various functions of a typical business
enterprise can be classified as Production, R&D, Purchasing, Marketing and Sales, HRM,
Account and Finance. In order to run the workforce in a proper way, Greenwood Company has
allotted roles and responsibilities of each department according to their working process
(Reynolds and Rohlin, 2014). To manage functions of these sections, this retailer has followed a