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Essay on Business Essentials

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Added on  2020-06-04

Essay on Business Essentials

   Added on 2020-06-04

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Essay on Business Essentials_1
Business essentials are the elements which are needed in company for their growth andincreasing market share among competitors. It helps company to make better plan for theirsuccess. There are many factors analysed before the implementation of some change in company(Ebert and et.al., 2014). Vodafone Group PLC is a mobile communications company dealingwith around 30 countries and 50 partner networks worldwide. Important factors to consider before implementationThere are many factors which are needed to be analysed before the implementation ofplan. Business essentials help company to evaluate and understand macro environmental factors.One of the models helpful for same is PESTLE analysis which includes factors like:Political factors- There are many changes in cartel process of Vodafone. This hasaffected their stable political environment. In cartel process, company regulates thebusiness activities with their suppliers.Economic factors- Brexit has resulted in the uncertain economy. This has deeplyimpacted the business operations and activities of Vodafone.Social factors- Vodafone fulfils all its social responsibilities. They provide serviceskeeping in mind the needs and convenience of people which helps them to make societygrow (Vodafone group SWOT and PESTLE analysis, 2017). They want to make well andimproved economy digitally.Technological factors- Vodafone is working on increasing and improving theirtechnology. They are working for introducing 5G in the market.Legal factors- There are many issues faced by company in their legal environment. Theyare communicating with government to make their tax rows easier to be settled.Environmental factors- Company works in direction of making safe and securedenvironment in the world. They have vision to cause the least harm to environment. Challenges of BYOD to IT networkVodafone Group PLC has allowed their employees to bring own device at the workplace(Anderson and et.al., 2014). They can use their personal gadgets for the working and businessoperations of company. Organisation can face many challenges because of this working style.These challenges are given as below:1
Essay on Business Essentials_2

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