Contemporary Developments in Business and Management

BUSINESS:
CONTEMPORARY
DEVELOPMENTS IN BUSINESS
AND MANAGEMENT
TASK 1 & TASK 2

INTRODUCTION
Development of business is important so that firm is able to survive in
market. Without development, it is not possible for entity to grow its
function, operations and activities. Thus, entities use strategies and
tactics to develop their business at rapid level. Due to changing
demand as well as need of people in market development of
business has increased at broader scale. Royal Mail, which is postal
and courier service headquartered in UK. It has ample numbers of
subsidiaries such as GLS, e-courier, N.D.C etc. Firm provides its
services at wider level and adopting new tactics for their
development.

EXTERNAL FACTORS INFLUENCING
ORGANISATION BUSINESS
Market is dynamic and changeable which makes difficult
for enterprise to survive in market and run business
smoothly. Organisation is affected by entity at wider
level. Thus, to determine and analyse these external
factors, entities use PESTEL (La Rocca, 2019). It is a
framework used by many corporations to examine the
elements which influence the business activities. It is
time consuming process but effective and is mostly used
corporate world.

Political Factor-These are those factors which comprises
of environmental law, labour law, trade restrictions etc.
Royal Mail is situated in UK and businesses that run
under EU region of country are affected by other
countries political environment such as Istanbul has
stopped the services of Royal Mail for some period of
time due to COVID19. Hence, such type of political
situations acts as hurdle/obstacle in function & operation
of business (Amankwah-Amoah, 2019)