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Business Environment Assignment Solved - Sainsbury

   

Added on  2020-10-22

11 Pages1491 Words392 Views
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Table of ContentsINTRODUCTION...........................................................................................................................1Nationwide.......................................................................................................................................1Sainsbury’s.......................................................................................................................................2Stakeholders ....................................................................................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5

INTRODUCTIONBusiness Environment is termed as the comprehensive term which consists of variousfactors such as internal and external factors which influence the main objectives of theorganization. The business environment in the company covers the economic, political,institutional, legal and technological aspect which contributes towards the implementation anddevelopment of the business. This report will be based on providing the contrasting charactersbetween two organizations namely Nationwide and Sainsbury’s. The study will develop a clearunderstanding about Three different types of organizations such as private, public and socialenterprise. Nationwide company will be described in order to make understanding about socialenterprises Sainsbury's missions and visions are also described which is Public Limited companyand Linpac company which is a Private organization of UK. It will also explore variousstakeholders Map analysis within the financial as well as retail organizations.Moreover, This assignment will provides the SWOT analysis of Nationwide as comparedto Sainsbury’s in order to understand the impact threats and weaknesses of the company in twodifferent sectors. NationwideNationwide Mutual Insurance company is a group of large US insurance companysituated at UK. Mission- The mission of the Nationwide is to improve the quality of life among society.Vision- This company focus on providing the value to the customers and allows them to providethe quality based products and services.Goals- The main goals of the Nationwide organization is to provide up-to-date science basedinformation adopting higher standards of accountability in order to offer the consultation services(Business environment Article, 2018).Products or services- This organization offers a variety of services for individuals in fulfillingthe development disabilities and mental health problems (Hamilton and Webster, 2018). Thisinstitution also offers consultation services to the people. Along with this, Nationwide companyoffers spectrum to take control of the own lives.SWOTStrengths: Nationwide gains the good return on capital expenditure which is incurredby generating new revenue streams. Also, one of the strongest point is skilled workforce which1

result in high motivation among employees. The company has good distribution channel whichhelps in increasing the customer satisfaction and increased sales.Weaknesses: Lack of investment in research and development is one of the greatweakness of Nationwide (Calabrese, Iandolo and Sarno, 2018). This company have to spendmore in training and development as compared to other industries. Weak marketing of theproducts is a major weak point of the organization.Opportunities: Online customer approach, Marketing development, Government greendrive and market development are the major opportunities for the company.Threats: currency fluctuations, technological advancement and changing buyingbehaviour of the consumer is a great threat to the organization.Sainsbury’sThis is the third largest chain of supermarket in UK and this organization is the publicprivate Limited company.Mission- To be the consumer's first choice to consume food.Vision- The vision of the Sainsbury’s is to become most trusted retailer among large number ofcustomers.Goals- The main purpose of the Sainsbury's is to provide great food at fair prices.Offered products and services- This company offers variety of food products at fair prices.SWOTStrengths: The quality of the products, fair prices and customer satisfaction are the mainstrengths of the organization (You, Dal Bianco, Lin and Amankwah-Amoah, 2019). Multichannel restructuring of the goods and services is a strengths to the orgaization.Weaknesses: Limited presence in the global market, technical advancement and low media spendare the weaknesses of the organization which restricts the company to gain the growth.Opportunities: There are many opportunities in terms of globalisation, reduced cost ofproduction which attracts large number of customers. Digital growth within the company anddisposable income are also major opportunities.Threats: Competition in the market, substitute products offered by competitive companies are themajor threats to the Sainsbury's.Comparison 2

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