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Business Environment INTRODUCTION 1 TASK 11 Covered in PPT1 TASK 21 P3 Relationship between various organisational functions 3 TASK 4 5 P5 Strengths and weaknesses interrelated with external macro fac

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Business Environment INTRODUCTION 1 TASK 11 Covered in PPT1 TASK 21 P3 Relationship between various organisational functions 1 TASK 33 P4 Positive and negative affects macro environment 3 TASK 4 5 P5 Internal and external analysis of particular organisations 5 P6 Strengths and weaknesses interrelate with external macro factors 6 CONCLUSION 7 REFERENCES 8 8 INTRODUCTION Business environment refers to a place where different operations as well as activities of business are carried out in a better manner for accomplishing main

Business Environment INTRODUCTION 1 TASK 11 Covered in PPT1 TASK 21 P3 Relationship between various organisational functions 3 TASK 4 5 P5 Strengths and weaknesses interrelated with external macro fac

   Added on 2021-01-02

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Business Environment INTRODUCTION 1 TASK 11 Covered in PPT1 TASK 21 P3 Relationship between various organisational functions 3 TASK 4 5 P5 Strengths and weaknesses interrelated with external macro fac_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT...........................................................................................................................1TASK 2............................................................................................................................................1P3 Relationship between various organisational functions.........................................................1TASK 3............................................................................................................................................3P4 Positive and negative affects macro environment.................................................................3TASK 4...........................................................................................................................................5P5 Internal and external analysis of particular organisations......................................................5P6 Strengths and weaknesses interrelate with external macro factors........................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8.........................................................................................................................................................8
Business Environment INTRODUCTION 1 TASK 11 Covered in PPT1 TASK 21 P3 Relationship between various organisational functions 3 TASK 4 5 P5 Strengths and weaknesses interrelated with external macro fac_2
INTRODUCTIONBusiness environment refers to a place where different operations as well as activities ofbusiness are carried out in a better manner for accomplishing mains and goals of firm. Itcomprises of external and also internal factors which affect on functions of an organisation andconsist partners, staff members, consumers, investors and some other people. It is important oreach business firm to understand an environment to decide operations of business and generatingmore profit or increasing growth of firm in an effective manner (Cai and Yang, 2014). Thispresent report is based on the Marks & Spencer organisation and this firm deals in retail sector. Itis specialised in selling of home products, clothing and food items. In this given assignment,discuss about the various purposes and kinds of organisations. The scope and size of range ofdifferent kinds of organisation will also be mention in this report. Internal and external bothfactors affects on business environment in a positive and negative manner. This report will behelpful in understand relationship among various functions of an organisation and they areconcerned with the organisational structure as well as objectives. Strengths and also weaknessesboth are interrelate with the macro factors. TASK 1Covered in PPTTASK 2P3 Relationship between various organisational functionsThe aims and objectives of each business organisation are different from the each otherand their business operations are also varied. In addition to this, it is necessary for every businessfirm to prepare the effective organisational structure so that they can achieve their aims and goalswith in a specific period of time. As Marks & Spencer is a private business firm and operate itsbusiness in all over world. Under this firm, 84, 939 employees are presently working. This firmis regarded as multinational firm which dealing in the several segments like for an instanceclothing, luxury food items and home goods (Cai and Yang, 2014). It has been stated that this company is having a better organisational structure sinceoperations of this firm being conducted through its staff members. The manager of thisorganisation increases motivation level of staff members so that they can perform in a better and1
Business Environment INTRODUCTION 1 TASK 11 Covered in PPT1 TASK 21 P3 Relationship between various organisational functions 3 TASK 4 5 P5 Strengths and weaknesses interrelated with external macro fac_3
effective manner. There are many functions which performed through Marks & Spencer andthese are Marketing, finance, human resource, production etc. It is necessary that employeesshould perform its all operations in a better manner. Interrelationship between different functionsof an organisation given below as above:Marketing Department- It is a necessary function which performed for increasing salesas well as profit level of an organisation. Before manufacturing any product, Marks & Spencerknow about the needs as well as preferences of consumers so that it can satisfy their needs in abetter way. The connection ore relation of this department is good with the others. It is helpful ingetting competitive advantage at workplace. Finance function- It has a better connection with monetary transactions which arehappening in country. It allotting funds to various departments so that they can do theiroperations in a better manner. Under this function includes creation of the assets, arrange funds,provide necessary amount for different activities etc. If this department will arrange money in abetter manner, then all other departments can perform in a well manner (Chavis, Klapper andLove, 2011).Production- It refers to management principles applications to production function infactory. It consist application of plan, directing, controlling process of production. It is the dutyof product manager to focus on producing better quality of goods to consumers. This is havingclear link with company structure as products will manufactures on the basis of developed plan.After analysis market, firm is producing goods which can fulfil their demands and aims in aneffective manner.Human resource function- This department works on focus increasing development andproductivity of firm in a better manner. Regarding this, manager of Marks & Spencer hires mostcapable persons by knowing their skills as well as abilities. From this they can work onachieving aims of firm with in specific period of time (Commander and Svejnar, 2011). Thisfunction is helpful in bringing coordination and cooperation among all department.Research and development- This department is having responsibility of conductingresearch and then manufacture products according to needs and preferences of consumers. Ifresearch will be proper then in this case, firm can attract people by providing them effectivegoods.Organisational structure2
Business Environment INTRODUCTION 1 TASK 11 Covered in PPT1 TASK 21 P3 Relationship between various organisational functions 3 TASK 4 5 P5 Strengths and weaknesses interrelated with external macro fac_4

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