Corporate Governance Organisational Structure of Halfords Plc

Added on - 21 Jul 2020

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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASKS............................................................................................................................................11. Corporate Governance organisational structure of Halfords Plc............................................12. Pestle analysis of the Halford company by considering Indian market..................................43. Porter Five Model to analysis the competitive environment..................................................7RECOMMENDATION...................................................................................................................8CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10Books and Journals...................................................................................................................10
INTRODUCTIONAll over the world there are lots of businesses which are running and the basic aim ofthese is to earn profit. Business is a procedure which includes transfer of goods and services andin back the owners get money. They will prepare or produce products which has some value inthe market so those will be sold to the consumers. They have to carry out their business activitiesin an business environment and this includes where factors which prevails internally andexternally. If any company wants to grow their business it is necessary that they are well awareabout these factors and for that they can conduct a PEST and SWOT analysis (Aula, 2010).Organisations should shape their policies and strategies by keeping those factors in mind. Thisall business report will be highlighting key elements of business environment and how it affectsthe company Halfords Plc which is a British retailer of the car parts, car enhancements,campaign and touring equipment and bicycles in UK and Ireland.TASKS1. Corporate Governance organisational structure of Halfords Plc.Corporate governance is defined as the rules, practices and processes by which anorganisation id directed and controlled. Through this a balance is set in the company and it ismade sure that interests of their stakeholders like shareholders, management, consumers,suppliers, financiers, government and the community is maintained (Belás and et. al., 2015).With the governance structures and principles the distribution of the rights and responsibilitiescan be done in proper manner among the members of the company who are directly or indirectlyconnected to them. This is the best way and help the managers and board of directors to makedecisions which will produce better results. This can be a way to better company function betterand avoid any conflicts. Halfords Group Plc has been a successful venture and the reason behindthis is their way of functioning. They make sure that all the tasks are aligned according to thefunctions of the firm (Bill Pasmore PhD and CMC, 2010). It is seen that several companies in theworld have faced collapse due to corporate mis governance. There are lots of corporategovernance theories which Halford group can adopts and some of them are listed below.Agency Theory:-With this theory someone can understand the relationship betweenagents and principals. Agents are appointed by the principals so that he can carry out operationson their behalf. The agent should side away his self interest and should work for the principals1
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