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Impact of Micro and Macro Environmental Factors over Business : Report

   

Added on  2020-07-22

22 Pages5636 Words168 Views
BUSINESSENVIRONMENT

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT...........................................................................................................................1TASK 2............................................................................................................................................1P3 Relationship between organisational functions with objectives and structure......................1TASK 3............................................................................................................................................2P4 Impact of macro-environment................................................................................................2TASK 4............................................................................................................................................4P5 Swot analysis of Tesco...........................................................................................................4P6 Interrelation between strength and weakness with macro factors.........................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTION Business environment is one of the important part for the organisation. There are manyfactors that have impact over the operation of organisation. It covers internal and externalfactors. This is important for business to consider such factors in effective manner so that it cannot affect operations in negative manner. These factors may also be related to employees,customers, management, supply, demand and business rules and regulation. Tesco PLC is theUK based company that offers their services at large level. It is British multinational grocery andgeneral merchandise retailer in UK market (Commander and Svejnar, 2011). This is retail sectorcompany where they offer grocery product to its customers. There are many stores that TescoHas opened in various location so that they can target their customers at large level. Thiscompany provides their product to supermarket, supra store and Hypermarket. They have mainfocus to remain competitive in market by providing effective product and services top users. Inthe present report, the impact of Micro and macro environmental factors over business and thestrength and weakness are also stated. TASK 1Covered In PPT1

Notes-Many companies are in market that are effectively providing their services at large level.Some of them are privately owned and rest are public. There are some organisations that areunder the control of government.Some firms operate for the objective of profitability whereas some are working that haveprimary motive to have the welfare of society. Such business entity perform different activitiesfor their different purposes. They have their own values, views and purpose. The difference canbe identified in term of their size, purpose, objective and belief. 2

Notes-Public Sector OrganisationThis sector organisation offers their services to people free of charge as School fees andamount is charged for other services as swimming pool, sports facility and other curriculumactivity. Chairperson and Board of directors are appointed by government ministers. They havemain duty to perform their duties on behalf of government. There are some national and international business firms as MFI, Vodafone and BT.Franchising is the essential factor that is commonly found in restaurants like McDonald's. Theyprovide food and other services as 24 hour plumbing. Example3

McDonald's is American based public sector organisation that has business centresworldwide. Its hamburger is very famous. They are continuously trying to expand their businessby opening many centres in different regions. They have covered market area in around 119countries and have outlet (in number) around 35000. They deal with around 70 millioncustomers in a day.PurposeThe main purpose of McDonald's is to provide their services in effective manner and toretain number of customers for longer period. They promise to provide their services when andwhere it is needed by users. They have main purpose to attain the satisfaction of customerstoward their product and services. Further more, they use best quality product and raw materialin their production, that is why they provide surety in term of quality measures. Legal aspect of Public sectorGovernment has power to regulate all the activities and functions of this businessorganisation. Central government pays for goods. Local government makes the payment forservices that are offered by Council tax.4

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