Impact of Macro Environmental Factors

Added on -2020-07-22

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Business Environment
ContentsINTRODUCTION.................................................................................................................................3TASK 1.................................................................................................................................................3Covered in PPT.................................................................................................................................3TASK 2.................................................................................................................................................3P3: Interrelation between different organisational departments and their link to objectives..............3TASK 3.................................................................................................................................................5P4: Impact of macro-environmental factors.......................................................................................5TASK 4.................................................................................................................................................7P5: Internal analysis of organisation for identification of strength and weaknesses..........................7TASK 5.................................................................................................................................................8P6: Interrelation of macro-environmental factors with organisational strength and weaknesses.......8CONCLUSION.....................................................................................................................................9REFERENCES....................................................................................................................................11
INTRODUCTIONBusiness Environment refers to such an environment or conditions which are uncertain in nature due to which an organisation may find difficulties in operating their business operations in an effective and efficient manner. Such conditions consists of internal and external factors which makes huge impact on the performance of an organisation thus important for management to make an effective plans and policies to deal with it in an appropriate manner. Tesco, a UK company which are engaged in offering quality and fresh food products at reasonable prices in UK and across worldwide. There are large numbers of organisation of different types who operates in different countries with some purposes which are discussed under this report (Avramenko, 2012). Linkage of different departments with organisational objectives are also explained under this report. The project also covers internaland external environment which affects business operations either in negative or positive manner. TASK 1Covered in PPTTASK 2P3: Interrelation between different organisational departments and their link to objectives
Figure 1. Organisational structureAn organisation can sustain in competitive market world when they get maximum contribution from various departments working in an organisation to achieve desired goals and objectives. Therefore, it is essentially required to multinational organisation such as Tesco to identify and analyse the contribution of their departments so that corrective steps should be taken if any deviation found in their performance. It is also important to find out their role in achieving organisational goals. Such departments includes marketing, human resource, finance, operational etc. The management are held liable to identify their actual strengths and weakness with a motive of improving them all (Bovee, Thrill and Raina, 2016).Interrelation between functions of departments of Tesco:Human resource department: Such departments have different roles and responsibilities such as workforce planning, performance appraisal, determination of salary etc. They are liable to enhance performance of employees by identifying their skills and knowledge and accordingly provide them suitable training and development programs with a motive of improving their capabilities of doing allotted task. Rewards, compensation etc. Are such factors which need to be considered y such department in order to provide them motivation to contribute more efforts in achieving desired goals and objectives of an organisation.Marketing department: This department play an important in influencing interest andbuying behaviour of customers towards company’s product though setting budgets for adopting various marketing tools. Tesco offers good quality food products at an affordable price in market thus it is important for company to inform about such quality, price etc. to customers with a motive of attaining huge customer strength (Cavalcante, Kesting and Ulhoi, 2011).Finance department: It is such a department which are liable to arrange funds for company from different sources and allocating them to different departments on the basis of their requirements. An organisation having sufficient amount of funds are enable to purchase

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