Business Environment

Added on - 03 Dec 2019

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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11) Organizational structure most likely to be applicable for Tuffstuff Ltd.................................12) PEST analysis and alternative tool for PEST.........................................................................53) Key factors to be considered with regard to Tuffstuff's proposed venture.............................9CONCLUSION..............................................................................................................................13
Illustration IndexIllustration 1: Functional Structure..................................................................................................3Illustration 2: Divisional Structure...................................................................................................4Illustration 3: Matrix Structure........................................................................................................5Illustration 4: Network Structure.....................................................................................................6Illustration 5: PEST-ANALYSIS....................................................................................................7Illustration 6: SWOT analysis..........................................................................................................9Illustration 7: Porter's five forces...................................................................................................101
INTRODUCTIONBusiness environment can be determined as all the external and internal factors whichaffect the organization. Both internal and external factors work together and influence each otherand affect the business. These factors are effective in influencing performance, outcomes anddevelopment of a business (Björklund, 2011).This report talks about Tuffstuff Ltd. which is acement manufacturing located in UK. Firm wants to establish their business at Rwanda which isin Africa. Tuffstuff Ltd. has no distribution experience and for this purpose they have consulted abusiness development advisor.This report covers organizational structure which can be adoptedby the organization. Further, it covers benefits and limitation of PEST analysis, possiblealternative tools which can be used in place of PEST. Moreover, it also covers key factors whichwould affect positively or negatively with regard to Tuffstuff's proposed venture.TASK 11) Organizational structure most likely to be applicable for Tuffstuff Ltd.Organizational is a group in which individuals work together for achieving desired goalsor objectives. For achieving these goals and objective firm should distribute the task in such away that all the members in the group understand tasks which will help them in performing andcoordinating effectively (Welford, 2013). This is possible with the help organizational structure.It is helpful in clarifying roles and responsibilities which has to be performed by employees.Following are the importance of organizational structure:Communication:Organizational structure is very helpful in assigning authorities. It is veryhelpful for the employees in communicating their issues or problems. Form the first day itselfemployees know to whom he/she needs to respond. In most of the organizations main decisionsare made by top management and then they are conveyed through the leaders of eachdepartment.Achieving Goals: -Organizational structure help in following chain of command.. In addition tothis, it is helpful in improving team efficiency and assist in working together for achievingcommon goal (Iskanius, Page and Anbuudayasankar, 2010).Evaluating performance of employees:It is helpful in evaluating the performance of employees.It allows superiors to better evaluate employees. As they have a direct interaction with them.2