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Impact of Business Environment on Operations Management

   

Added on  2020-10-23

11 Pages1076 Words465 Views
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Management and Operations1
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ContentsP6. Factors within business environmentwhich impact upon operationalmanagement and decision making byleaders and managers...........................................................3M4.Different factors affects businessenvironment and wider community.....................................8D1. Evaluation of applications ofoperation management and factors whichimpacts wider business environment...................................92
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P6.Factors within businessenvironment which impact uponoperational management anddecision making by leaders andmanagers.Business environment includes certainfactors which impacts operationsmanagement as well as decision-making. Itis an important task to identify such factorsin order to adopt appropriate strategies aswell as techniques to reduce the impact andfacilitate production procedures without anyissues. PESTEL analysis is used foridentification of such factors at Unilever. Itis as follows:3
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Political: Political factors includes politicalconditions, corruption, trade restrictions,foreign trade policy, government policiesand so on. Such factors have great impacton operations as there are various policieswhich hampers production as well asoperations of company. For example,healthy intra governmental or politicalrelationships acts as sources of opportunityfor Unilever. They impact in improvinghealth of business and improving decisionmaking by leaders as well as managers.Economic: Economic factorsincludes inflation, business cycle, tax rates,interest rates and so on. These factorsinfluences value of investment made bybusiness. Unilever has focused onmaintaining stability as well as on realm ofproduct demands. Performance of selectedbusiness has direct relation with economicstability. Changes in economic cycle, taxrates impacts performance of operations as4
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