Context of Business: SWOT and PESTLE Analysis, Leadership Styles, and Corporate Social Responsibility of IKEA

Context of Business

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Performing SWOT along with PESTLE Analysis for the business............................................1
TASK 2............................................................................................................................................4
From analysis of TASK 1, evaluation of the ways changes in PESTLE factors has influenced
opportunities and threats for an organisation...............................................................................4
TASK 3............................................................................................................................................5
Comparison and contrast of various leadership styles. Comment on appropriate leadership
style for the business....................................................................................................................5
TASK 4............................................................................................................................................7
Recommending suitable leadership style through which the entity can grow and overcome
challenges that are posed by business environment....................................................................7
TASK 5............................................................................................................................................7
Critical comment on Corporate Social Responsibility in the processes......................................7
TASK 6............................................................................................................................................9
Writing reflection report about the experience and knowledge gained from the report along
with the ways it benefitted in applying theories to practical context..........................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Context of business entails understanding about factors that impact practices and operations
of entity from different perspectives such as decision making and business objectives. Likewise,
business environment comprises all those aspects which are surrounding across a business
concern and impacts its operations along with determine effectiveness. It is cumulative of all
events, situations and factors which influences, surrounds or affects business enterprise. For
gaining insights about context of business, considered organisation is IKEA which is popular
multinational conglomerate specialised in designing, manufacturing, promotion, distribution and
selling ready to assemble home accessories, furniture and kitchen appliances (IKEA, 2021). It has
been largest furniture retailer which is known for modernist designs for different kinds of
furniture, appliances, etc.
The report highlights SWOT and PESTLE analysis for an organisation. It also includes
discussion about leadership styles and corporate social responsibility of the entity. At last, a
reflection report is prepared on the basis of experience and knowledge that is gained from the
working as well as benefits to apply theories in real organisational context.
TASK 1
Performing SWOT along with PESTLE Analysis for the business
SWOT Analysis
It is a tool that assist in documenting internal factors that guide business to attain its
objectives (Petrů, Havlíček and Tomášková, 2018). In aspect to IKEA, purpose of performing
SWOT Analysis is to determine intrinsic factors or elements which impacts functioning of
business along with offer useful information within process of strategic planning. SWOT
analysis of IKEA is underneath:
Strengths Weaknesses
 IKEA has clear vision that helps in
adding value to its potential and
prospective customers despite of
pertaining market conditions.
 Inexpensiveness of products is another
strength of the entity. Managers of the
 Operations of IKEA are diversified into
many nations and it is the reason it
faces troubles in form of negative
image or negative publicity.
 Major focus of IKEA is to keep cost
minimal, however, as the entity
1