Morrison's and Its Environment: Analysis of Internal and External Factors
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Added on 2023/06/05
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This presentation analyzes the internal and external factors of Morrison's, including political, economic, and social factors. It also discusses the impact of these factors on the external environment. The strengths and weaknesses of the company are also highlighted.
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Introduction In this presentation it will cover macro and micro environmental factors of the organization. It will be covering analysis for their internal and external factors. Furthermore, some essential ways will be highlighted on the basis of their impact over external environment. Morrison's And Its Environment External Environment Political factors Political aspects play crucial role in terms of determining the essentialfactorswhichmightimpactonthelongterm profitability of Morrison’s. Economic factors Theeconomicevolutiondirectlyencouragesorganization performance, while uplifting economies offers broad range of opportunities to company (Molamohamadi and Talaei, 2022). Social factors some changes in demographic patterns likely to be termed as migration,socioeconomicvariablesandagingpopulation have major significance for international business company like Morrison’s. How the company impact its context External Environment External environmental factors are foremost as they cause direct as well as indirecteffectsoverbusinessoperations,revenue andpersonnel (Matovic, 2020). Similarly, Morrison encourages external environment primarily by their products and services. Also, they are highly accountable and geared to form relation with other companies as building up their mark over social belonging community. Internal Factors Strengths The organization has diverse portfolio which serves them with competitive advantage and some essential factors within brand strengthsconsistoffinancialposition,productuniqueness, higher quality of workforce and intangible assets (Gharachorloo, Nahr and Nozari, 2021). Weakness The weakness of company can be described in the ways of attributesthroughwhichcompanyislackingwhereby competitors are performing extremely well. References Molamohamadi, Z. and Talaei, M.R., 2022. Analysis of a proper strategy for solarenergydeploymentinIranusingSWOTmatrix.RenewableEnergy Research and Applications,3(1), pp.71-78. Gharachorloo, N., Nahr, J.G. and Nozari, H., 2021. SWOT analysis in the GeneralOrganizationofLabor,CooperationandSocialWelfareofEast Azerbaijan Province with a scientific and technological approach.International Journal of Innovation in Engineering,1(4), pp.47-61. Matovic, I.M., 2020. PESTEL analysis of external environment as a success factor of startup business.ConScienS, p.96. CONCLUSION The above presentation has covered internal and external factors of Morisons. Furthermore, it has been discussed essential ways on the basis of impact over external environment.