Business Environment Operations
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Added on 2020-10-22
Business Environment Operations
Added on 2020-10-22
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BusinessEnvironment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT...........................................................................................................................1TASK 2............................................................................................................................................1P3 Relationship between different organisational functions and its link with organisationobjectives ....................................................................................................................................1TASK 3 ...........................................................................................................................................3P4 Positive and negative impact of Macro environment on Business operations.......................3TASK 4............................................................................................................................................6P5 Internal and External analysis of Marks and Spencer............................................................6P6 Interrelation of Strength and weakness with external Macro factors....................................7CONCLUSION ...............................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONA business organisation can be framed but to refrain a business successfully, it is therequirement of business resources. Factors of business environment are ever-changing anddynamic. Hence, a business environment can be termed as entire institution, individuals alongwith forces which influence the firm's sustainability and their entire performance standard. Thisdepend on the competitors, supplier, media, state, consumer group, market condition, trends,technologies and other associations performing externally in the constitution of their businessenvironment (Agarwal, Grassl and Pahl, 2012). Business is obliged with whole manoeuvre ofrelevant environment along with require negotiation in more obliged manner. It is significant forevery company to outline main business determinants of operations including consumer,partners, worker etc. Such practices assist in managing competitive business environment alongwith accurate enterprise revenues. Hence, the purpose of referred assignment is to analysediscrete aspects as well as influence of Asda i.e. one of the largest global retailing segmentsdealing with numerous markets. It will also assess nature, size and scope of numerousorganisation types. It will light over the major interlink between numerous objectives andfunctions of organisation. With the help of these, it will also highlight different intrinsic andextrinsic environments of business. TASK 1Covered in PPTTASK 2P3 Relationship between different organisational functions and its link with organisationobjectivesThis is fundamental for business enterprise to carry out certain objectives and aims ofcompany accordingly for the purpose of achieving them within certain time span. Hence, it isparamount for firm to design plans and structure of organisation to determine objectives andauthentic targets conveniently (Aterido, Hallward-Driemeier, 2011). Hence, Asda is operatingtheir business in international market among approximate 165,000 staff member. It is alsoknowns as a multinational supermarket chain which is dealing in various market segments suchas general merchandise, grocery and other financial services. 1
Hence, it order to carry out numerous functions by Asda such as marketing and sales,human resource management departments, accounting and finance, HRM departments etc.Whole functions can help in attaining objectives of business by performing numerous activitiesaltogether in more paramount way, it is structure of enterprise are associated with firm's functionthat is followed in Asda which are mentioned here: Marketing Department: Marketing is one of crucial division which is maintainedthrough each and every company such as Asda to trade their products and service as well ascreate proper consumer awareness. This department disseminate the brand message andinformation delivering to the consumer in effectively through creating a proper interaction bridge(Auzair, 2011). Thus, this is linked with numerous other department which can help theorganisation in accomplishing the basics of competitive advantages of organisation buildingmarket sustainability among other competitor enterprises. Hence, this division through creatingbrand awareness and promoting service, assist whole company in achieving business objectivesin more significant manner. Human resource department: Managing personnel is as crucial within Asda as othercomponents because it can help company in attaining business objectives through performing thebasic activities. Human resource departments is liable for managing the requirements ofpersonnel along with satisfying their needs to get optimum outcome out of motivating employee(Mahmood, and Hanafi, 2013). Thus, understanding its influence it can state that firm moresatisfied worker helps in performing designed programs in best manner leading to the programsor business objectives attainment. Production and Operations: This is another fundamental division of Asda i.e. operatedby company to manufacture services and managing the practices as per the requirement. It cancreate coherent interlink between structure that can assist in delivering the set design(Avramenko, 2012). Asda is rendering service production after assessing market in order tocreate and supply best services quality to the consumer. Asda is popular for dealing value addedquality products in cost effective prices that has framed different recognition of organisation.Thus, notion affirms the importance of management and operation relevance in context ofachieving business objective. Accounting and Finance: One paramount function of Asda is developing interlink withtransactions of finance incurred in the company on regular basis. Major purpose of managing2
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