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Business Environment: Hilton Food Group PLC

   

Added on  2023-01-05

11 Pages3156 Words39 Views
BUSINESS ENVIRONMENT
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EXECUTIVE SUMMARY-
Hilton Food Group Plc, effectively overcomes all the situations by considering right
approaches and methods. It has been identified that chosen firm use PESTLE analysis to get all
competitive benefits which is really important to obtain.
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Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
How chosen firm is structured and governed.........................................................................3
TASK 2............................................................................................................................................5
Significance of carrying out PESTEL analysis for a company..............................................5
TASK 3............................................................................................................................................6
PESTEL model application in context of Hilton Food Group PLC.......................................6
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10
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INTRODUCTION
The environment of every venture comprises internal and external factors that impact its
productivity and operational efficiency. It can be considered as total of all workers, stakeholders
and other forces that are inside and outside of a venture. Business environment is one of the most
essential aspects of any organization. The current assignment will be based Hilton Food Group
Plc, which falls under category of leading food packaging companies in the United Kingdom.
This study will explain how chosen company is structured and governed within retail industry. It
will define importance of using out PESTEL concept as strategic framework for a firm.
Furthermore, this report will justify utilization of selected model in regard to external
environment of chosen firm.
TASK 1
How chosen firm is structured and governed
Hilton Food Group Plc is known as leading specialist global food packaging venture
supplying mostly international retailers from state of the art facilities (Bruner and Vakharia,
2017). It was founded in 1994 and developed to operate lamb & beef central meat packing
service. Company has 6 factories that they managed effectively and sells their goods in
supermarkets across Europe in 14 nations successfully. Hilton Food Group Plc has work in joint
venture as legal form within Australian organization named Woolworths Group. The main
reason behind this partnership is to successfully operate business functions and operations in
Western Australia and to construct a new meat processing factory in Victoria that is quite
beneficial for growth of selected brand. Firm provide their food packaging facilities to well
known brand in retail sector such as ICA, TESCO, Albert Heijn, Coop Danmark, Rimi and
Ahold. Western Europe market segment covers firm ventures in UK, Denmark, Ireland, Sweden
and Holland (Thomas, 2018). It announced joint venture agreement, in 2013 which make them
able to grow even better. Enterprise was subject of initial public offering in 2007 which valued
venture at Circa 105 million pounds. It goes to obtain Seachill, supplier of Frozen and chilled
salmon in 2017.
Organization has progress rapidly and now has 6 branched across UK plus has two joint
ventures such that their items are sold in supermarkets. In main area, meat packing business of
company is based on Tychy in Poland effectively supplies buyers across central Europe from
Hungary to Baltics. The business model of selected company is to source their original meat
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