External Factor of Business Environment
Explain different types and purposes of organisations; public, private and voluntary sectors and legal structures.
12 Pages3473 Words62 Views
Added on 2020-06-06
External Factor of Business Environment
Explain different types and purposes of organisations; public, private and voluntary sectors and legal structures.
Added on 2020-06-06
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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1P1 Different types and purpose of organisation..........................................................................1P2 Explain size and scope of different types of organisation.....................................................1TASK 2............................................................................................................................................2P3 Relationship between different organisational functions that link with organisationalobjectively and structure.............................................................................................................2TASK 3............................................................................................................................................3P4 Identification of positive and negative impacts of macro environment on businessoperations....................................................................................................................................3TASK 4............................................................................................................................................5P5 Conduct internal and external analysis to identify strengths and weaknesses.......................5P6 Explain strengths and weaknesses interrelate with external macro forces............................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONBusiness environment generally refers to entire factors of internal and external whichaffects on organisation functions and operations in which includes employees, customers,demand and supply, management and business regulations. Every organisation usually conduct astudy of business environment that support in discovering all kinds of forces which can influencesustainability aspects. The report is totally based on WALMART as it is an American retailcorporation. This firm operates a chain of hypermarkets, discount department stores and groceryshops. They are focusing on growing fast and competing with various competitors so thatbusiness goals can be achieved in the critical environment. It can be analysed that successfulorganisation can be made by adoptions of several effective strategies in critical environmentalsituations. This assignment will explain different types and purpose of organisation such aspublic, private, voluntary and legal structures etc. Size and scope of company also will discuss. Itwill explain relationship between organisational functions and identify positive negative impactsof macro environment. It conduct analysis for identifying strengths and weaknesses andinterrelate with external factors. TASK 1 P1 Different types and purpose of organisationCovered in PPT P2 Explain size and scope of different types of organisation.Covered in PPT TASK 2P3 Relationship between different organisational functions that link with organisationalobjectively and structureBusiness firm can maintain and develop their structure of organisation with the help of severaloperational environment. In an enterprise, an individual finish their work for accomplishing theirbusiness target and effective goals in proper manner. For governing and maintaining variousdepartment surroundings and assist in developing strong relationship with their buyers orcustomers (Teece, 2010). There are different types of departments which require to maintaincommunication and relationship within WALMART which are discussed as follows:
Research and development department- It is one of the necessary department ofWALMART which works for examining or analysing top position of market with thehelp of using scientific tool and policies of firm which entirely depend on research anddevelopment projects. Remaining division of business organisation are doing workaccording to the need of research reports for productivity and profitability within anenterprise (Storey and Greene, 2010).Marketing department- In present time period, publicity of various goods and servicesof company will play an important role in making and maintaining powerful relationwith customers by sharing and giving correct information regarding their effectiveproducts and services for using different methods and channels. An enterprisemarketing, sales, financial department and products which can delivered by customersin given time period that includes merchandising department, manufacture sectionwhich can not provide assist towards firm success and development for making highearnings. Production department- It is one of the leading department of cited firm because ithelp in making and producing innovative goods and offer to their desired customers. Ifcustomers return back the purchasing products so this action will directly affect thefinancial growth and sales. This can also impact on buyers ability towards firm creativeproducts and services in effective manner. In addition to this, manufacturing divisionconcentrate on wastage material which reduces the income value of an organisation. Itwill help in minimising products cost that directly affect on firm productivity andgrowth level. Human resource management- This is very important department of eachorganisation because it will play an essential role in operating and managing businessfunctions and activities in appropriate manner. Human resource division make andcreate effective environment where employees give facilities for achieving potentialgoals and targets in coming period of time. The main aim of this company is toconduct training and development sessions for their workers for doing innovativefunctions and activities.Accounting and finance department- It is another essential department wherecompany manager operate and manage all necessary information and facts which are
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