Business Environment Analysis and Research

This assignment is a compilation of various research papers, articles, and studies related to the business environment. It covers topics like corporate-NGO collaboration, decision-making in integrated business processes, environmental uncertainty, and entrepreneurial orientation. The resources include publications from reputable sources such as Pearson Education India, Oxford University Press, and Cengage Learning. This assignment is ideal for students looking to understand the complexities of the business environment and how it impacts various aspects of entrepreneurship and leadership.

Business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Different types and purpose of public, private and voluntary organisations.........................1
Covered in PPT...........................................................................................................................1
P2 Size and scope of various range of organisations..................................................................2
Covered in PPT...........................................................................................................................2
TASK 2............................................................................................................................................2
P3 Relationship between different organisational function........................................................2
P4 Positive and negative impact of macro environmental factors............................................3
P5 Conduct internal and external analysis..................................................................................4
P6 How strength and weaknesses are interrelated with external factors....................................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
It is very important for a firm to understand the environment in which they are operating
their business and running it. The situational elements marks a wider impact on the all aspects of
the venture unites along with its nature, costing of the product, distribution system and location
in which they are serving as well as their policies. Therefore the growth and success of the firm
association relays on the option of the environment in that a business functions. It includes
eternal and internal elements (Chow and et. al., 2011). All of the internal factors can be in
control of the firm but other side external factor are not even control or manage by the company
and also they make some critical issues in a firm's operations. There major elements are known
as; employees, customers. Suppliers, social, governmental and also politics and so on. These
factors are able to make darker and deeper effects on the decision making procedure of the
company in both direct and indirect manner.
The cited report project is grounded on Domino's Pizza; which is multinational chain of
pizza, it is established in the year of 1960. in according to a report this Domino's Pizza is
considered as the world's largest chain of pizza in the entire of globe the report is based on retail
sales. The whole of sale revenue of the company is around $ 2.47 billion. Their core motive is to
provide quality product and best taste to the individuals through the help of it they can be able to
have competitive advantage in tough situation in the market. On the other side, this project report
will provide detailed description on the scope and purpose of private, public and voluntary firms,
apart form it, PESTLE and SWOT evaluation will be conducted that facilitates the help in having
analysis of external and internal elements of the firm.
TASK 1
P1 Different types and purpose of public, private and voluntary organisations.
Covered in PPT
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P2 Size and scope of various range of organisations.
Covered in PPT
TASK 2
P3 Relationship between different organisational function.
A business firm is framing their structure with the various working environment in that
some of the certain skills persons are facilitates their services in order to achieve firm's goal and
objectives and their future bench mark too (Burns and Winter, 2011). Firm structure is known as
prominent factor of the company that provide contribution of their prescribe services in proper
manner in an organisation. Relationship in between various level of departments of Domino's are
detailed below-
Research and development: this division of the firm are work to evaluate the market
and buyer's requirements for their goods to facilitates quality services to them in easy manner.
All the venture operation are based on the research and development division practises. With the
help of their outcome firm will be able to bring their manufacturing procedure in order to design
effective and sufficient services for the buyers.
Marketing department – the marketing level of the company is responsible and liable
for the promotions and advertisement of the product and services in the market and flourishes the
numbers of buyers will get to know for the same (Avramenko, 2012). The financial growth of a
firm is generally relays on the market ability, all the performing practises are not matter of there
is not appropriate requirement for the prescribed services and product.
Production department : this is also named as the manufacturing department or division
of the firm which are working for producing quality services and product for their buyers. For an
organisation it is essential to understand their approach or techniques of production in order to
minimise more and extra wastage along with costing which can be taken in the production of
innovative and new goods or product. For creating quality of their products they can provide
newer offers and use some discount strategy which are able to minimise the price of production
services.
Human Resource Management: the division of the firm is to design their efficient and
effectiveness with each and every department of the organisation. Human resource management
is majorly working in order to building the capacity and skills for their employees in order to
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garb company's pre determine objective. Core goals of the firm is to facilitating required training
and development, manager venture, hire new person along with experienced ones and creates
career path for the workers in easy manner. The sited department performs in order to minimise
the barriers, hurdle and conflicts form the business activities easily.
Accounting and Finance: the firm's department are build to arrange all of accounting
and finance practises in suitable and proper manner. Through the same, company will be able to
maintain their cash flow, finance management, budgetary control, fund flow and trading
accounts that required to be manage in accordance to the suitable manner. It is also known as the
confidential division for the organisation that manages their financial statement of the firm and
also helps in order to having their future success and growth in effective manner.
Domino's Pizza is also having hierarchically kind of firm's structure. Hence they are
having different sort of jobs with in the organisation.
P4 Positive and negative impact of macro environmental factors
In a business firm macro environment involves all the external ventures elements that are
effecting firm's operational practises and procedure of decision making in direct manner. It
includes different factors such as; legal, political, social, technological and environmental and
economical elements. All of the elements are relay on different kind of changes that are able to
make impact on business policies and procedure. In the external conditions challenges and risk
along with opportunity elements open various directions in order to opts wished success and
growth with the help of several kinds of venture strategies. External evaluation is regulate
through the PESTEL analysis such as :
Political and legal factors – all of the element are relays on the governmental practises
and policies as well as several changes that may effects entire business working procedure.
These political and legal element are able to make direct effects in the process of decision
making in an organisation (Auzair, 2011). In the newer era, it is important need for a firm to
determine the legal element and government laws and regulation may effects the procedure of
business. All the governmental laws are conducted to create positive and effectiveness in the
nation but other side they are strict and takes a lot of time.
Economic factors – these elements are relays on the economical situation of the national
that effects the entire enterprise procedure. It has a wider structure that are able to make direct
effects on legal and trade of the company. In involves interest rate, economic growth, tax and
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inflation related terms. With the help of suitable strategy and planning firm can be able to grab
higher income that helps on economic growth. Due to high tax rate economical element are
negatively impact on the procedure and growth of business.
Social factors – this sited element is identify the buyer's needs and their requirement
form a certain firm. This element are making effect on their manufacturing and delivery
procedure of the Domino's which needs to be completed in accordance to the market needs.
Technological factors – it is essential element that are utilise to frame some
opportunities and some of risk too. Advanced techniques are required to be imposed in the firm
to have desired objective. Innovative technology helps firm to reach out to the specific direction
that firm can have suitable growth and desired result.
Environmental factors – for an organisation, it is essential to create quality services for
their buyers and all the product is highly tested that are not making any bad impact on the health
of customers (Aterido, Hallward-Driemeier and Pagés, 2011). These element is relays on
changing terms on weather, season and climates which creates changes in the wishes and
demands of the buyers and their respective choice for the company. In order to reduce the effects
Domino's required to creates suitable strategy and minimise negative approach.
P5 Conduct internal and external analysis.
There are various internal and external factors present in business environment which
puts directly impact on productivity of a firm. Some basic elements like marketing policies, area
where company sells its services or products, brand image of business and more are needed to be
analyse by management of Domino's. These attributed affects production in both positive and
negative manner. So, in order to analyse such factors, administration of this firm can use SWOT
technique. This analysis refers to technique that used through top management to know strengths
and limitations of firm; thereby utilise market opportunities and protect system from threats. This
tactic helps Domino's to position higher than competitors. Hence, the strength, weaknesses,
opportunity and threats are detailed such as-
SWOT analysis of Domino's Pizza: -
STRENGTHS
Domino's is the biggest pizza brand in entire
globe which is highly recommended by the
WEAKNESSES
on the basis on variety domino's pizza is
having lower sorts of pizza in compare of pizza
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customers. The company is associating with
the effective and best quality food along with
they provide on time deliveries. The venture is
having suitable business modal through their
operations.
hut. Other side Domino's serving in around 85
market location whereas pizza hut is operating
in nearly 100 market area.
OPPORTUNITIES
launching more of new flavour in their stuff
and pizza topping that are managed according
to the customers needs will provide growth in
age and larger the numbers of buyers.
THREATS
they are having cut throat competition with
domestic and global key firm operator who are
dealing in same.
Government is some a hurdle in the growth of
the firm due to their strict regulations for their
health care.
The above discussion highlights eh different areas of referred business in which it is
doing good or bad along with the possible danger and positive chances to grow. It has major
influence in the decision making of business as while planning for future operations it will
accordingly implement change in business. Strategic planning will be done so that the identified
strength is further developed and efforts are made towards reducing the total weaknesses of the
referred institution. This way development is ensured in the long run and risk of threats are also
reduced by making arrangements in advance. By successfully utilising the SWOT analysis tool
Domino's can develop its profit margins and can hence minimise the chances of failure.
P6 How strength and weaknesses are interrelated with external factors
In order to analyse the relationship between different segments among each other,
management of Domino's has used PESTLE technique. It will help in reviewing qualities as well
as shortcoming of business which are needed to redesign again by managers. This analysis is also
useful for authorities of Domino's to have finish information related to external factors and also
their affect on activities of business.
Political: This factor of macro environment affects mostly on growth of business
activities of a company. Regulatory bodies of UK has given guidelines and specific directions to
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all enterprises including Domino's to be overseen while setting up mission and vision. It will
help in acquiring strong position.
Strengths: Each nation has its own rules and regulations therefore, management of
Domino's frame policies and strategies in respect to government policies in respect to taxation,
trade barriers and exchange rate. Government has framed free export policies which encourage
Domino's to transfer items from one nation to another.
Weaknesses: As Domino's has operated business in various countries, therefore, to work
as per political laws of such nations seems to be much complicated for management.
Economical: This factor includes rate of interest, conversion scale of currencies, inflation
and deflation rate etc. which are are controlled by regulatory bodies of a country as per
economical condition. These elements effects on business of companies in a wide manner.
Strengths: As products of Domino's are available at reasonable rate so it is easy for
targeted customers to buy the same. In addition to this, economical condition of UK is
sustainable so it is easy for this firm to sell its commodities on different rates as per status of
people which will help in generating more profitability. Government has frame free export
policies which encourage Domino's to transfer items from one nation to another.
Weaknesses: Interest rate of UK is much high which affects decision making strategies
of companies.
Social: Life styles, demographics, ethical business and more impacts on productivity and
profitability of business. Domino's require to utilise funds and resources to make system function
in according to competitors.
Strengths: Executive give tasks and duties to members in respect to their abilities and
skills which help them to have skilled and competent staff.
Weaknesses: Completing demand of customers are per their need as well as introducing
CSR activities in business effects on deals and productivity of Domino's.
Technological: Due to development of technologies, taste and preference of customers
changing at fast rate. So, it is necessary for management of Domino's and other firms to modify
systems and deliver innovative services to people.
Strengths: Latest technologies are executed in system which benefit seniors to provide
quality items and services in store. Domino's has powerful logistics system which help
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management to deliver things and enhance market reach and customer base. This helps executive
to generate appropriate profit from business and improve sales.
Weaknesses: Introduction of new technology affect performance of employees much as
working on new system generally regretted by them.
CONCLUSION
From the above report, it can be summarised that every company needs to consider the
external or macro factors such as government, technology, society, economical as well as
political situation of nation, legal aspects, etc. since these elements will have laid great impacts
on overall performance of that venture. Therefore, Domino's pizza ought to focus on the same.
For doping this, they have to carry out pestle analysis in order to know about such influences
whether it is negative or positive. In addition to this, they are requiring to be familiar in terms of
their own strength, weaknesses, opportunities and threats as well so that they can take
appropriate actions in accordance to that.
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REFERENCES
Books and Journal
Agarwal, R., Grassl, W. and Pahl, J., 2012. Meta-SWOT: introducing a new strategic planning
tool. Journal of Business Strategy. 33(2). pp.12-21.
Aterido, R., Hallward-Driemeier, M. and Pagés, C., 2011. Big constraints to small firms’ growth?
Business environment and employment growth across firms. Economic Development
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Auzair, S., 2011. The effect of business strategy and external environment on management
control systems: a study of Malaysian hotels. International Journal of Business and
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Avramenko, A., 2012. Enhancing students' employability through business simulation.
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Burns, C. and Winter, S., 2011. Introduction. Australian Farm Business Management
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López-Gamero, M.D., Molina-Azorín, J.F. and Claver-Cortés, E., 2011. Environmental
uncertainty and environmental management perception: A multiple case study. Journal
of Business Research. 64(4). pp.427-435.
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Mahmood, R. and Hanafi, N., 2013. Entrepreneurial orientation and business performance of
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