Business Environment: Recruitment, Culture, and Performance Management

Business Environment

Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Importance of effective recruitment and selection process..........................................................5
Factors that affect the culture, Equality and Diversity in an organization...................................6
The performance management.....................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Business Environment is the factors which affects the working and the operations of the
organization. Business Environment consists of the internal and the external factors. In internal
factors, those factors are included which can get control by an organization, for example
employees, system, structure, suppliers, missions, visions and so on. Whereas external factor are
the factors which are out of control of any organization but these do affects the business in a
prominent way (Percy and Shortland, 2013). For example political factor, economic, social,
technological, environmental and legal factors. Any organization before setting up their plans
they evaluate and analyses these factor and environment and then they form their objectives. For
evaluate they use many strategic framework theories and methods which help the business them
in conducing the above factors. For reference purpose this report has taken an example of a
company Sheraton Hotel. Sheraton Hotel is a multinational company it is in the hotel chain
business (Ballard and et. al.,2012). The company operates at 441 hotels with around 1,55,617
rooms globally. The company was founded in the year 1937.
This report discusses about the pestel analyses of the external environment which helps
the company in ascertaining the external environment. The report also includes the effective use
for hiring the talented workforce to gain competitive advantage is also been discussed. Apart
from this the report also discusses about the culture, equality and importance of diversity in the
organization.
TASK 1
PESTEL Analysis
Macro environment is a piece of environment which is connected with outer components
of the air, these elements are wild and they legitimately or in a roundabout way influence the
dynamic procedure of the association. In this manner it is fundamental for supervisor to take
brief examination of each piece of the environment and afterward detail arrangements with
respect to their future. Sheraton Grand London Park Lane additionally influenced from their
outside environment factors (Campling, 2012). At present they experiences misfortune and
decrease in productivity rate, negative picture among open to defeat these whole issue their
director's utilization PESTLE examination procedure to check the macro environment factor.
PESTLE: It is a system of strategic management which has been utilized for environmental
examining process. It will help in distinguishing circumstance of political, affordable, legitimate,
environment and social variables of the association. This method utilized for detailing of
methodologies and hazard management reason (Bansal and Hoffman, 2012). Following are the
PESTEL examination of Sheraton Grand London Park Lane.
Political: These factors incorporate activity taken by government for definition of approach, or
changes on money related and monetary arrangements. The Sheraton Grand exploit their