Micro and Macro Environment Factors : Assignment
Added on 2020-11-12
14 Pages3751 Words178 Views
Context of business
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Discuss the micro and macro environmental factor and changes in modern business...............1Identify and analysis importance for individual and organisation..............................................2TASK 2............................................................................................................................................4History and summary of business...............................................................................................4Discuss the vision, leadership, management and development of peoples.................................4Development or implement at organisation with specific example............................................7Recommendations and improvement..........................................................................................8CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
INTRODUCTIONThe global business is network which is leads the consulting firm that specialised in thehelping organisation to growth in the whole market and worldwide. This operates and owned forprovide worldwide services to peoples (Akhtar and et.al., 2018). Report is divided into the twoparts first is understood the dynamic and changing nature of business and identify the needs ofindividual and organisation. The second part is based on the retail sector firm which is “Tesco” isthe largest retailer in the UK with over 3000 outlets. It is covered by the leadership style andmanagement practices at various strategies is help to company and development of appropriatepolicies and strategies within the changing environment to meet stakeholders. It is alsohighlighted by the design and development of organisation. TASK 1Discuss the micro and macro environmental factor and changes in modern business.The micro and macro environmental factor and changes in the modern business at globalnetwork are as follows:Micro factorMicro factors of business an includes the factor in area of operation. That affect tobusiness performance and its decision-making process. That includes the competitor, customers,distribution channels and suppliers. This factors are more important for the business and itsgrowth. By analysis of micro environment factor it is help for know about the strength andweakness of the firm (Bender and et.al., 2018). With that management is able to make strategiesfor formulation of process. That helps for planning for effective performance. It is moreimportant for the every business which are retails and automotive sector. Macro factorMacro environmental factor are affect to business and it growth of business by outside.That includes political, legal, economical and social factors. That all are affected to theperformance business and its objectives and growth. That factors are uncontrollable factor thatinfluenced to organisation and its decision making process by changing in that. Specificexamples of this are competitor, change in interest rate and also to culture tastes. By thismanagement have to make their decisions according changes. Changed nature of modern business in the global environment1
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