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Importance of PESTEL Analysis for Hilton Food Group PLC

   

Added on  2023-01-05

11 Pages2876 Words28 Views
Business
Environment

Table of Contents
INTRODUCTION.......................................................................................................................1
Task 1 .........................................................................................................................................1
Hilton Food Group PLC and its organisational structure ...........................................................1
Task 2 .........................................................................................................................................4
The importance of PESTEL on the business organisation .........................................................4
Task 3 .........................................................................................................................................6
PESTEL analysis for Hilton Food Group PLC..........................................................................6
CONCLUSION...........................................................................................................................7
REFERENCES ...........................................................................................................................8

INTRODUCTION
Business environment refers to all the internal and external factors which affect the
functions of an organisation or business. Such components that affect the business includes
employees, management, customers, consumption or production. The internal and external
factors that affect the functions of a company and their work directly or indirectly. Also, such
factors influences the decision-making process and various situations. The report includes
PESTEL analysis of the chosen company which is Hilton Food Group PLC. The company is a
leading business of food packaging. The company is listed in London stock exchange and is a
constituent of the FTSE 250 Index (Thorlin, 2020). This report includes the organisation
structure of the company, importance of PESTEL and how the framework is useful in analysing
the external factors that gives a major impact towards the Hilton Food Group PLC.
Task 1
Hilton Food Group PLC and its organisational structure
The company's overview and history
Hilton Food Group PLC is one of the leading food packaging businesses. London stock
exchange has listed the organisation in 2017 and is a constituent of the FTSE 250 Index. The
company was established in 1994 and the headquarter is in Huntingdon, United Kingdom. The
financial revenue of the company is £1,814.7 million in 2019. The business of Hilton was
established specially to operate the beef, lamb and meat packing facilities in Huntingdon,
London. Since then the company has been increasing rapidly and in present the company has two
ventures and six factories in Europe (Griesmayr, 2019).
The business expanded in 14 European countries and Australia. In addition to this, the
organisation initiated in constructing a new facility in New Zealand and Sea chill. At current, the
organisation has expand the business in 14 supermarkets of United Kingdom. One of the joint
venture in Australia with Woolworth Group, a retail business, to undertaking meat processing
activities for its stores. Another one is in Portugal with Sonae Modelo Continente to provide
packaging of meat in its stores.
Corporate governance of Hilton Food Group PLC
The process of corporate governance is the combination of processes, rules and laws on
which the business and the company is operated, regulated and controlled. The responsibilities of
1

the board states that there is a need to set up a company's aims and objectives so that the
company will achieve maximum profit and benefits. Also, the board of directors provide a good
and functional leadership and supervising the management of the business so that things will go
in a systematic and with a proper plan.
Hilton Food Group PLC has been appointed as remuneration consultants LLP who have
no other connection to Hilton Food Group PLC. On 1 July 2018, Robert Watson transitioned
from CEO to Executive chairman of the Hilton Food Group PLC and it is quiet planned that
Robert will become Non-Executive Chairman during 2020. The decision has been taken on the
basis of best interest of the organisation. Major shareholders were consulted ahead of the
appointment who were supported of the change. It cannot be possible that the CEO will become
executive chairman but the board considered that the circumstances are quiet exceptional and the
reason for this change were announced on 23 may 2018 (Nguyen and Le, 2020).
Organisational structure
It is a system that outlines how certain activities can be directed in order to achieve goals
of an organisation. In organisation structure various activities including rules, roles and
responsibilities has been carry forward. Organisational structure can be illustrated on the basis of
diagram and chart where the most powerful members of an organisation featured on the top and
those who are in the lower post are featured in the bottom.
The organisational structure of Hilton Food Group PLC consist of the one executive
chairman, one Chief Executive Officer, one Chief Financial Officer, four Non-Executive
directors and a company secretary who names, responsibilities, brief biographies and
membership of board committees are mentioned below. The overall board of directors is
responsible for promoting the long term sustainable success of the group within the framework
and effective controls that enable the risk to be accessed and appropriately managed. Setting and
approving of the key policies which needs to be executed is the duty of the directors so that their
employees will work with the best of their ability. The boars has aims and objectives to enhance
the value of shareholders and maintaining a perfect leadership in the growth so that company
will achieve growth and maximum satisfaction.
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