Business Environment

Business Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
1. Key issues affecting footwear sub sector ................................................................................1
2. Uses of PESTLE model...........................................................................................................4
3. Discussion................................................................................................................................5
a. Positive impacts.......................................................................................................................5
b. Negative impacts......................................................................................................................6
4. Challenges faced as well as overcome during preparing reports.............................................6
CONCLUSION................................................................................................................................7
REFERENCE...................................................................................................................................8

INTRODUCTION
Business can be formulate, but to run and sustain successfully, it needs various business
resources such as finance, place, shareholders, skilled employees etc. who are important to run
their business continuously. The business market is dynamic where number of businesses are
facing different issues and challenges to running their business activities. The changing needs of
customers, different culture and lifestyle and new innovation are consider as part of business
environment (Auz Vaca, 2018). This report is prepared by choosing sub sector of footwear.
LLOYD Shoe Co. Ltd UK is selected company within this sector that has headquarter in
London, UK. It provides boots, shoes, footwear, sandals, sneakers and so on. The report contain
different issues and challnges which can impact positively or negatively on business
organisation, PESTLE analysis and its impact which can affect the sub sector.
MAIN BODY
1. Key issues affecting footwear sub sector
Sub sector is a classification of sector where different types of businesses are exist and
running their business continuously. Footwear sub sector are comprises with manufacturing and
distributing the footwear that keep warm and safe people's feet. The main purpose of footwear
sector is to protect the feet from adversities and injuries (Peracek, Noskova and Mucha, 2017).
This is is growing sector which is creating a value for business and earning higher profits. As
population of UK is increasing continuously and their demand is also changing which is
impacting on business environment. Moreover, people are participating in sports which is
increasing the demand of shoes and raising organisational profits. Due to growing and increasing
demand this sub sector is facing different issues such as lack of sale, Brexit effectiveness,
funding issues, changing preference and perception of customers, lack of suppliers and
unemployment in country. The description of two factors which can affects the footwear sub
sector are de
The two key issues which affects footwear sub sector are as described:
Brexit: This is consider as major issue in every sub sector which also affected the
footwear sub sector. Due to Brexit the UK has withdrawal from European Union that affected the
footwear sector. Such as before this war and Brexit the footwear businesses are free where any
one can import and export the footwear by paying limited taxation rates (Issue that affects sub
1