Morrisons and Its Environment: Analysis of Internal and External Factors
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Added on 2023/06/18
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This report analyses the internal and external factors affecting Morrisons, a UK-based supermarket chain, and its impact on the external environment. The report covers political, economic, social, and technological factors, as well as internal factors such as employees, customers, and organisational culture.
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Introduction Collectionofallthosefactorswhichinfluencethe operations of a business organisation can be defined as the business environment. The management of business make themselvesflexibleinordertoperformingbusiness operation in an effective and efficient manner. Below mentioned report is based on Morrisons which is a huge chain of supermarket in United Kingdom. It was founded byWilliamMorrisonin1899havingheadquarterin Brandford, England, United Kingdom. Currently they are working with almost 494 stores. The aim of making this reportistoanalysetheinternalandexternalfactors effectingthebusinessalongwiththewaysinwhich business is impacting on external factors. Morrisons And Its Environment External Environment Political: Change in rules and regulation made by government Various legislation of government Economical: Fluctuations in currency Increase in prices of Oil Social: Increase in age population Rise in health and education of people Technological: Artificial Intelligence In-house software How the company impact itscontextExternal Environment Political Impact Economical Impact Technological Impact Internal Factors Employees Customers Organisational Culture References Chesbrough, H., 2019.Open innovation results: Going beyond the hype and getting down to business. Oxford University Press. Kesimli,I.,KesimliandAchauer,2019.External auditing and quality. Springer.