Business in Practice (Poster)

INTRODUCTION
Business practice entails identifying and implementing the
most efficient methods of operation in order to achieve the
company's goals. The procedure entails keeping up to date
with the latest operational trends in established companies
and comparing them to your own methods of managing all
these procedures. Unilever is an international consumer
products corporation based in London, UK. Unilever is a
well-known consumer goods firm that was founded in 1929
and operates on a global scale.Business in Practice
Business in Practice
EXTERNAL ENVIRONMENT
ORGANISATION IMAPCT ON EXTERNAL
ENVIRONMENT
In order to deal with modifications, the company must constantly
analyse the external world, consider the transformations, and adopt
appropriate strategies. In order to successfully cope with technical
advances, the organisation should upgrade their technologies on a
timely manner. Furthermore, this organisation must ensure that it is
operating in a well-developed market and a favourable political
climate, all of which would contribute to its progress and
expansion.
INTERNAL ENVIRONMENT
S: Operating across the globe.
W: Competitive environment
O: Vast and diverse customers
in western countries
T: COVID 19 outbreak
REFERENCE
Jonnard, C.M., 2020. International business and trade:
theory, practice, and policy. CRC Press.
Galea, C. ed., 2017. Teaching Business Sustainability Vol. 2:
Cases, Simulations and Experiential Approaches. Routledge.
Stout-Rostron, S., 2018. Business coaching international:
Transforming individuals and organizations. Routledge.
CONCLUSION
Based on this poster, it is possible to infer that internal and
external environmental influences have an effect on the
organisation. This poster provides internal and external
influences that affect the organisation, as well as an
assessment of the organization's effect on the external
environment.
P: European Commission's legal controls Food and Drug
Administration
E: Developing countries such as India and China have a
high potential for expansion.
S: The overwhelming majority of its commercials are
available in many languages.
T: Significant amount of money can be invested in the
R&D for innovations
L: Malicious businesses use intellectual property rights of
other firms as marketing points to confuse consumers
E: Reduce the volume of plastic contained in unit
packaging.