Report on the Impact of Internal and External Factors on Next Plc

This report provides an analysis of the internal and external factors affecting Next Plc, a UK-based organization operating internationally in the clothing, footwear, and home products sectors. The internal analysis utilizes a SWOT framework, highlighting Next Plc's strengths such as its strong position in the UK market and asset aggregation on a single platform, weaknesses including intense competition and past issues with worker treatment, and threats such as failure to meet customer expectations and disruptions in warehousing and distribution. The external analysis examines political, social, technological, legal, and environmental factors influencing Next Plc's operations, including government regulations, consumer behavior, technological innovations, legal compliance, and environmental impacts. The report references sources to support its analysis.

INTRODUCTION TO
BUSINESS STUDIES

TABLE OF CONTENTS
 INTRODUCTION
 INTERNAL FACTORS
 EXTERNAL FACTORS
 REFERENCES

INTRODUCTION
 A business is an organization which is an enterprising
entity that is engaged in commercial or industrial or
professional activities.
 In this project chosen organization is Next Plc which
is UK based organization which has its operations
internationally for clothing, footwear and home
products.
 This presentation will explain the impacts of internal
and external factors on Next Plc.

INTERNAL FACTORS
 These are factors which are internal for the business and does not have an outside
involvement.
 For explaining the internal factors of this organization SWOT analysis can be used,
STRENGTHS
 The strengths of Next plc is in the clothing, footwear and home products. It
successfully competes with some market giants in the UK industry.
 One of the biggest strengths of this organization is that it has all its assets
aggregation at a single platform.
 Meaning that the business is focuses on a single platform for its operations rather
than going in different areas and being less efficient.

CONTINUE..
WEAKNESSES
 This is basically the weakness of most of the retailers in
this industry that the competition in UK market for clothing
is very high.
 However, apart from this weakness this organization has
also had an history regarding the bad treatment toward the
factory workers and staff.
 This is very bad for the image of an organization and,
makes Next plc vulnerable towards the other accusation
and poor public image.

CONTINUE..
THREATS
 Next Plc has often been seen to fail in meeting the design,
quality and the value expectations of the customers which
is very important for its growth.
 This shows the lack of leadership and quality management
at the organization.
 Due to this there has also been Disruption in the
warehousing and distribution of the business which was
considered to be very established in the retail industry.

EXTERNAL FACTORS
 External factors are those factors towards which the
organization does not have any direct impact or following
are the external factors,
POLITICAL FACTORS :
 Impacts created by the political environment of the
country is considered to be the political factor. In includes
rules and regulations implemented by the government.

CONTINUE..
SOCIAL FACTORS:
 This is the factors which is about the behaviour of the customers and the target
segment of the Next plc which influences their business. It can be due to the
trend of society or population.
TECHNOLOGICAL FACTORS :
 The organization implementing new technologies is a good form of innovation
however it can effect the organizational operations for the business.

CONTINUE..
LEGAL FACTORS :
 The laws and regulations of the country which impacts the operations of the
business can be said to be the key factor which has the potential to bring the
organization down.
ENVIORNMENTAL FACTORS :
 The effects which the business has on the environment is considered to be the
factors which impacts their operations.

REFERENCES
 Kabir, K.H., Aurko, S.Y. and Rahman, M., 2021. Smart Power Management in
OIC Countries: A Critical Overview Using SWOT-AHP and Hybrid MCDM
Analysis. Energies. 14(20). p.6480.
 Xu, D. and Dong, L., 2019. Strategic diagnosis of China’s modern coal-to-
chemical industry using an integrated SWOT-MCDM framework. Clean
Technologies and Environmental Policy. 21(3). pp.517-532.