Business Environment

Business Environment

Executive Summary
Business environment comprises ample of elements pertaining to micro as well as macro
environment of business setting. In the current report the impact of macro elements have been
studied in reference of Talk Talk PLC. It is essential to take these variables into consideration
while preparing strategies for future growth and success.

Table of Contents
INTRODUCTION:..........................................................................................................................5
TASK1.............................................................................................................................................5
Discuss the structure of company, its management as well as how it is governed.....................5
TASK2.............................................................................................................................................7
Discuss the importance of PESTLE analysis for business entities.............................................7
TASK 3............................................................................................................................................9
With the help of PESTLE analysis monitor the external environment of selected organization9
CONCLUSION..............................................................................................................................13
REFRENCES.................................................................................................................................14

INTRODUCTION:
Business environment refers to ample of internal as well as external factors that affect
function of an organization. It comprises elements such as employees, consumers, government,
demand and many more (Arafat, 2018). The current report focuses on Talk Talk PLC that is
connectivity and telecommunication services company based on UK. It comprises the overview
of entity along with its history and organisational structure. In addition the importance of
PESTLE analysis and its influence over business performance of company is also included in
report.
TASK1
Discuss the structure of company, its management as well as how it is governed
Organizational plays a vital role in overall development of country by increasing in
employment opportunities, income, standard of living of people. It is crucial for growth and of
economy. There are ample of small as well as large companies in UK that contribute in evolution
of country (Bao, 2019). There are a predefined organizational structure of every company that
describe the hierarchical arrangements of various positions within organisation. In reference of
Talk Talk PLC, the overview of entity along with its history are discussed below:
Overview of company-
Talk Talk PLC is a prominent company of UK that provides telecommunication, internet
as well mobile network services to the business entities and customers of nation. It was situated
in the year of 2003 has headquarter in Salford United Kingdom. It offers a range of mobile
network, internet, broadband services to customers across the globe. The organisation
concentrates to provide affordable connectively facilities to users in order to get competitive
advantage.
History of Talk Talk PLC
The entity was initiated as a subsidiary of Car phone Warehouse became an independent
company in 2010. Previously it was known from Opal Telecom but in 2011 the entity changed
its name to Talk Talk Plc. It acquired opal telecoms that is growing telephone resellers to expand
business. In 2006, it launches free broadband services to customers with some conditions. It
increased the number of users and gave advantage to company. Organization also faced extreme
cyber attack activity in which personalized information of customers such as bank details have