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Key Issues in Business Environment Assignment

   

Added on  2020-06-03

9 Pages2520 Words56 Views
Business DevelopmentLeadership ManagementEconomics
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KEY ISSUES INBUSINESSENVIRONMENT
Key Issues in Business Environment Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................1Overview of an organisation.......................................................................................................13 Key issues interrupting the business Environment of Retail...................................................1Impact of 2 issues on business environment of Aldi...................................................................2Reflection....................................................................................................................................4CONCLUSION................................................................................................................................5BIBLIOGRAPHY............................................................................................................................6REFERENCES................................................................................................................................7
Key Issues in Business Environment Assignment_2

INTRODUCTIONBusiness environment of organizations plays an important role in comprises internal andexternal factors of the enterprise which comprises employees, management, consumers businessregulations and demand and supply. The report will analyze 3 key issue faced by leading retailEnterprise of UK that is Aldi. It will analyze impact which are caused due to 3 identified keyissues on business environment. Thus, the report will evaluate individuals learning from issuesand their impact on environment. Overview of an organisationAldi is the leading supermarket of United kingdom serving consumer satisfaction sinceages. It has approximately 10000 stores in 18 countries and has annual turnover of 50 billionpound and more every year. The ultimate motive of the organisation is to serve quality foodservices at affordable prices. The core values of the company has made it a price leader in theindustry across the globe. Further, the mission of firm is to become the leader of merchandiseand distribute health, food and personal care items. 3 Key issues interrupting the business Environment of Retail.Managing business operations according to changing internal environmental factors playsimportant role for implementing effectiveness and efficiency in business environment. There arevarious key issues faced by retail sector due to fluctuation in micro and macro factors. TheSupermarkets are food-oriented convenience stores, retailers and distributors comprises dietarysupplements and vitamins.The major issue impacting the business environment Aldi is advancement in technology.The technological up gradation is beneficial for the organisation until unless it doe not demandhuge amount of investment. The technological changes assist the organizing in reducing manualworking and increasing effectiveness and efficiency in business operations. However, theadvancement in the technology demands expertise training and development of staff (Teece,2010). Moreover, it leads to unemployment and also demand highly skilled workers andemployees due to which the company has to change internal process which consume time andreduce the cost efficiency of organizational functions. The major problem faced by Aldi due toadvancement is decreasing sales of stores because there several leading retailers who are offeringOnline shopping to buyers and Aldi lacks the service and innovation. Further, the supply chainmanagement and stock management are the components which assist the organisation in1
Key Issues in Business Environment Assignment_3

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