NatureCare Beauty Risk Management Procedures and PESTLE Analysis

ASSESSMENT TASK ONE 1
Management briefing report
Name of student
Name of institution
Name of instructor
Date

ASSESSMENT TASK ONE 2
Introduction
The risk management procedures emphasized by NatureCare beauty include the use
of eco-friendly and natural ingredients. The use of the ingredients aligns with the company’s
policy of ensuring that the customers get high-quality organic products. The company aims at
ensuring that the products meet the customers’ requirements without causing adverse side
effects. Additionally, NatureCare intends to ensure uniformity of the products offered to the
customers. NatureCare operates within the legal standards set by the government through the
environment department that all organisations should observe the environment. The standard
states that the organisations should focus on green productions strategies. Therefore, the
company engages in productions such as the use of natural and eco-friendly raw materials.
Furthermore, the company engages in the use of recyclable materials during the production
(Cole-Ingait, 2018).
Additionally, the company adheres to various regulatory standards that require high
quality, which is free from harmful chemicals. The company uses specific user-friendly
ingredients derived from natural sources. The market requires the products to meet the ISO
standards set for skin care products under the risk management principles and guidelines. The
guidelines require that the products meet the customer needs without causing harm.
Additionally, the company should state the product’s ingredients on the cover and the
possibility of side effects arising from the use of the products (Cole-Ingait, 2018).
PESTLE analysis
NatureCare Company faces various factors that affect both the internal and external
environments (Marketing Theories-PESTEL Analysis, 2018). The factors dictate how the
organisation sets standards for risk management since an inappropriate response to the factors
could lead to failure of the business. The PESTLE analysis identifies six factors that affect
the business operations.

ASSESSMENT TASK ONE 3
Political factors
The political factors facing NatureCare include the taxes charged by the government
from the profits earned during a financial year (Marketing Theories-PESTEL Analysis,
2018). The government sets the taxes and all companies must pay the necessary amounts to
avoid the risks of fines and legal expenses. The company responds to the risk posed by taxes
by setting up an accounting department that calculates the accurate amounts of taxes and
ensures timely payments.
Environmental factors
NatureCare faces various environmental factors such as the regulations set that
companies move to green production (Marketing Theories-PESTEL Analysis, 2018). The
regulation demands that companies use eco-friendly and natural materials. The failure to
comply with the set requirements could lead to the closure of business and legal proceedings.
Therefore, the NatureCare uses eco-friendly and natural ingredients to produce the skin care
products.
Social factors
The society requires that the products brought to the market should meet ISO quality
standards and follow the current trends of using eco-friendly and natural raw materials
(Marketing Theories-PESTEL Analysis, 2018). The failure to produce in line with the social
standards could cause a reduction in the units of products bought by the customers.
Therefore, NatureCare emphasizes that each product is made using eco-friendly and natural
ingredients.
Technological factors
NatureCare Company faces an environment that experiences continuous changes in
technology such as new machinery and soft wares that produce high-quality products