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Context of Business Assignment - “Morrisons”

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Added on  2020-10-22

Context of Business Assignment - “Morrisons”

   Added on 2020-10-22

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Context of business
Context of Business Assignment - “Morrisons”_1
Table of ContentsINTRODUCTION...........................................................................................................................1Assessment 1....................................................................................................................................1Discuss the micro and macro factors, changes in nature of business..........................................1Discuss it is important for individual and organisation..............................................................2Assessment 2....................................................................................................................................3History and summary of business and organisation....................................................................3Discuss vision, leadership style, management practices and various strategies.........................4Analysis achieve and implementation in organisation................................................................7Recommendation for improvement.............................................................................................8CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
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INTRODUCTIONAn organisation and economy system where goods and services are exchanged for earnmoney. Every business requires the investments for attract the customers towards for best andeffective outputs and profit of company (Burgoyne, 2016). The global business is network whichleads the consulting firm that specialized in helping to organisation to growth in the wholemarket as worldwide. This global business operates and owned for provide worldwide services topeoples. Report will divide into two parts first is changing, dynamic and modern world bymaking business professional. Other hand in the second part select the retail sector firm which is“Morrisons”. It is 4th largest supermarket in the UK and manage the supermarket chain. It iscovered by the leadership style, management practices and various strategies which are help todevelop the company and develop the appropriate strategies and policies for changingenvironment to meet stakeholders. It is also highlighted by design and development oforganisation.Assessment 1Discuss the micro and macro factors, changes in nature of business.The micro and macro environmental factors and change nature of modern business inglobal business environment. That are as follows:Micro factorThese elements are close to the firm and incorporate the suppliers, marketingintermediaries, customers, competitors and public. It is concern the inward and insideenvironment of the business and influence marketing as well all the departments likemanagement, finance, purchasing, operations and bookkeeping. By analysis of micronenvironmental factor it is help to know about their strength and weaknesses of the firm. Afterthen management make strategies for overcome that and also maintain that. That helps forplanning for effective performance and formulation of process (Crowther and Seifi, 2018). Macro factor This factor is uncontrollable for the company and businesses. For this they have to makeeffective and valuable planning for the customers and handles all the elements which re includein that. That factor deals with the demographic, economic, technological, natural and socioculture. That all are effect to business and its growth. That factors are influenced to organisation1
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