Assessing Business Environment: Influences, Ethics, CSR, and Technology

Business Environment

Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Assess what influences the businesses when making decisions and the impact this has on the
company.......................................................................................................................................3
Assess the impact of business ethics and corporate social responsibility (CSR) on modern
business organisations.................................................................................................................4
Assess the effects of technological change on the company and its overall technology strategy
as a source of competitive advantage..........................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Business environment is the collection of every kind of element which are external or internal in
its nature this collection of elements involves employees as well as consumers requirements and
the expectations of the consumers in relation to the demand as well as supply. In simple words
this can be understood as the functioning of marketing in which marketing means to the
capability of the commercial business or the organization in order to manage the level as well as
construct suitable relationship with their consumers as well. In addition to it there are majorly
few kinds of elements which are social another one is physical element (Byrd, and Sparkman,
2022). Moreover to this internal element are the very crucial role in the organization as it has
been utilised in order to create as well as interact with the consumers effectively and supply them
different offerings of the organization which can assist the organization in gaining more goodwill
which will lead to their long term success as well as sustainability in the market area. Business
environment also involves the micro as well as macro environment in which it is functioning. In
addition to best the following report is entirely based on the organization Ocado group which is
known to be the international organization of United Kingdom that basically deals in the grocery
as well as technology products. Moreover to this organization is situated in Hatfield England.
TASK
Assess what influences the businesses when making decisions and the impact this has on the
company.
The elements that are considered by the respective organization at the time of their practices of
the business are described in brief.
 Market Research – The commercial businesses requires to majorly pay more emphasis
to the operation of their businesses and also to the dynamic trends of the consumer Base.
Through evaluating the suitable data as well as information management of the respective
organization need to take sufficient measures in order to react in accordance to the
requirements as well as preferences of their consumer base (Fergnani, 2022).
 Competition - Competition is known as the element which major influence the process
of decision making in the organization. In addition to this currently the situation of
market is very competitive and because of this management of the respective