Business Environment Assignment - Mercedes Benz
Added on 2020-10-04
13 Pages3598 Words91 Views
BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 & P2 Covered in PPT........................................................................................................1TASK 2............................................................................................................................................1P3 Interrelation between functions and manner in which they relate to organisational structure................................................................................................................................................1TASK 3............................................................................................................................................4P4 Positive and negative impacts of macro environment of business operations..................4TASK 4............................................................................................................................................6P5 Conduct SWOT analysis of Mercedes..............................................................................6P6 Describe how strengths and weaknesses are related with external elements....................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness Environment can be referred to as an amalgamation of various factors residingin the internal and external environment of an organisation. In this contemporary environment, ithas become extremely organisation to consider external and internal factors so that operation inthe market can be sustained. A business environment focuses on factors such as competition,governmental policies and legislations, market and technology which carries a greater degree ofinfluence upon organisation. Mercedes Benz is a German organisation known to deliver higherperformance cars around the globe (Aula, 2010). This assignment focuses on various types oforganisation which rely in the domain of private limited, public and charity institution. Theinfluence of numerous internal and external factors will be identified along with explaining theirinterrelationship. Finally, the strength and weakness of this organisation will be discussedthrough external analysis. TASK 1P1 & P2 Covered in PPTTASK 2P3 Interrelation between functions and manner in which they relate to organisational structureNumerous elements of environment of organisation that influence the activities anddecision in indirect and direct manner. The components can be micro as well as macro factors inregard of different environments involving weakness, threats, strengths and opportunities. Thereare various divisions or functions can aid company's functions in their best way (Aterido,Hallward-Driemeier and Pagés, 2011). Here are discussed some organisation activities and thiscan assist in objective meeting of organisation. MAIN BODYThe organisation follow proper structure of organisation according which entire activitiesis employed in Mercedes Benz. Under the illustration of followed structure is presented: 1
Here are mentioned some of the major functions and the ways through which it can help inmeeting their business objectives:Finance: It is fundamental for company like Mercedes to maintain the financialoperations and activities in order to balance their capital organisation. This is majororganisation's functions of both large and small organisation which help in administrating thefinancial operations of maintaining and assigning the financial parts in their several operations.This consists of main two entities accountants and manager (Borio, Drehmann and Tsatsaronis,2014). Accountants are responsible for documenting data, recording credited and debited amountalong with underlying expenses of operation etc. Financial manager is accountable for planning,budgeting and allocating financial activities along with collection of funds and investment whichhas been made. In regard of determined objectives and aims in accomplishing, the division help in onemain part, which help maintaining in the balanced utilise of the funds. Capital of organisation iscan be organised through the assistance of this functions which can assist them in achieving theirbusiness aims and objectives in significant manner. 2Illustration 1: Organisation structure of MercedesSource 1: Organisation structure of Mercedes, 2018
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