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Business Environment

   

Added on  2023-01-05

9 Pages2991 Words30 Views
Political Science
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Business
Environment
Business Environment_1

INTRODUCTION
Business environment is created with internal as well as external environment that affect
the functions of the organisation. It involves workforce, government activities, management,
market,technological innovation, social trend, demand, economic trend, supply and regulations
of business. The factors that are prevail in the business environment are dynamic in nature and to
survive in market changes must be adapt as soon as possible (Beatty, 2018). It provides both
opportunities as well as threat for business. It enables to identify business opportunities, helpful
in tapping useful resource, coping with changes, assist to plan , Help to improve performance are
some of the importance of Business environment. There are two type of environment like micro
and macro in the business. Micro environment include operating business environment that
continuously influence the organisation(Begg, 2018). On the other hand macro environment is
the situation that exist in the economy as a whole rather than in specific region. The company
that is selected in this report is Hilton Food group plc. as it provide beef as well as lamb meat
packaging facility in UK. It was established in 1994. In London stock exchange it is listed. It has
around six factories and they supply their items in supermarkets of fourteen different countries.
The Governed and structure of Talk Talk is also examine in this report, importance of PESTLE
analysis of Talk Talk is also evaluate in the assignment. To analyse external environment of
company pestle framework is used in this report.
TASK 1
How the chosen is governed and structured.
The organisation that is select in this report is Hilton food group plc. It is a public limited
company. It deals in international packaging of food services in United Kingdom. It is a famous
supplier of meat packaging service. In 2013 it joint ventures with Woolworths in Australia to run
their factory of meat processing in western Australia and to introduce new factory in Victoria to
process meat (Beynon-Davies, 2020).The business model of Hilton is to source its primal meat
from local as well as global base of suppliers as it process and package in modern, large scale,
central meat packaging plant for distribution by hauliers of third party. As the brand deals in
large level that becomes necessary to generate competitive cost of packaging and achieve the
food safety assurance, hygiene and quality of product by groups discerning base of customer. As
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geographical expansion and high range of product expansion helps in rapid growth and
development of business. Now Hilton is become the largest red meat packers in Europe and
generate huge amount of revenue. On 17 May 2017 It floated on the London stock exchange.
The speciality of the brand is to serve roasting joints, chops, mines, steaks, and prepare as well as
package service as per requirement of customer. They employ around 1001 to 5000 employees.
In Portugal it has its joint venture with Sonae Modelo continent are their other business that
prevail in retail industry as Hotel food corp supply large packets of meat product in their stores.
Australia, western Europe, central Europe are the three segments in which the organisational
deal. For development and introduction of new variety of items it adopts the strategy of
innovation.
Divisional structure is adopted by Hotel food corp as to ensure that the task that is
perform by the company it add some value. Hilton food group plc, Hilton food UK limited and
Hilton food ltd are bifurcate on global location basis in this structure (Boone, 2019). On the basis
of hierarchy it is to be governed it involves various departments under instruction of designated
leader. In this as according to speciality the company was divided in to different parts like
finance, It , operations, marketing etc. High calibre persons are general;ly appointed by the
company in different locations of the business. The top management of the organisation like
CFO, CEO Directors perform various important functions of the business so that business can
run effectively.
The Board is create good level of standard at corporate governance. On regular basis the
corporate governance must be review. The board includes chairman, executive and non executive
s in their corporate governance. The chairman is the person who lead the team of Board and they
set agenda and do regular interaction with executives of the company. The board are also
responsible to delegate authority and responsibility to different audit committees. To run
business in correct manner three directors are appoint in the company(Brown, 2018). The
executive director of the company is responsible for all the business of Hilton with its major
customer base. Some of the non executive directors of the company are Christine cross, Angus
porter, Rebecca, John Worby . Robert Watson is the chairperson of the company. The chief
financial officer of the company is Nagel Majewski he is also play a role of executive director in
the organisation. And Philip Heffer plays a role of chief executive director of the company. The
net income vary from 32.53m to 33.07 m every year. The contributing factor increase in
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