logo

Managing Information and Technology : Report

   

Added on  2020-01-15

9 Pages2884 Words172 Views
Managing Information and Technology1

Table of ContentsINTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................31. Macro environment analysis on the business environment of Iceland in the UK........................32. Explaining how external environment will affect Iceland Supermarket in the UK.....................53. Two most important macro environmental factors that will most impact of IcelandSupermarket business.......................................................................................................................6CONCLUSION....................................................................................................................................7REFERENCES.....................................................................................................................................82

INTRODUCTION Information and technology are the most important resources for an organization to takecompetitive advantage in the market place (Richard, 2016). It is very essential for the company tomanage both of them in strategic manner because if they are not well managed then it might resultinto a big loss in the firm. Managing information and technology helps in planning, designing,optimizing, operation and control of various operational activities. These ensure the growth of thecompany and eliminate duplication of data (Saunders, Chan and Chan, 2002). The present report isbased on managing information and technology and to understand its importance, the UK basedretail supermarket i.e. Iceland is taking into the consideration. The following research will definethe role of information and technology system in business and assessment of business environmentin which cited business is operating its operational activities. TASK 11. Macro environment analysis on the business environment of Iceland in the UKIceland is a British supermarket chain that focus over the sales of frozen food items suchmeals and vegetables. It also sells non frozen grocery products like meat, dry goods, dairy items etc.The company is having about to 18% share of the UK food market (Galliers and Leidner, 2014).There are various external factors that make impact on the growth of the business of IcelandSupermarket. To analyze those effects, a macro environment assessment can be carried out which isas follows:Political factors: Iceland Supermarket is operating in more than 10 countries with 1000+stores. Thus it’s highly affects the performance of the company which also influenced by thepolitical and legislative conditions of those nations in which firm is running its business. Thepolitical factors that make impact on business environment of Iceland in the UK are tax rates, act oflegislation and stability of government. From the employment legislation point of view, the UKgovernment encourages retailers to provide maximum opportunities of job to the local community(Davenport, 2013). This opportunity can be varied from flexible, lower-paid and locally-based jobsto highly-skilled, higher-paid and centrally-located jobs. It helps in meeting the demand of workbetween different population categories such as students, working parents and senior citizens.Iceland Supermarket has very well understood that retailing industry has made the greater impactson jobs. For this, the company has tried to give more employment to the students, elderly anddisable people at low wages rate. Although the retail industry consists high level of employees’turnover issue but the workers of this sector shows high level of loyalty towards the retail3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Short Essay on Iceland Supermarket
|18
|3581
|70

Business Environment Report - Iceland Supermarket
|17
|6131
|188

Macro and Internal Environment Analysis of Iceland: PESTLE, SWOT, and Porter's Five Forces
|18
|4928
|241

Business Environment in a changing economic system
|16
|5963
|382

Business Environment Iceland Supermarket Report
|23
|7457
|186

Report on Business Strategy of Iceland supermarket
|13
|3782
|225