Pestle Analysis Of Topshop

Added on -2021-02-21

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Business and BusinessEnvironment
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1 ...........................................................................................................................................1P1 Different types of organisation .............................................................................................1P2 Size and scope of various kinds of establishment .................................................................4TASK 2 ...........................................................................................................................................5P3 Interrelationship between organisation function with its structure........................................5TASK 3............................................................................................................................................7P4 PESTLE analysis...................................................................................................................7TASK 4 ...........................................................................................................................................9P5 SWOT analysis .....................................................................................................................9P6 Strength and weakness of external business environment ..................................................10CONCLUSION .............................................................................................................................10REFERENCES..............................................................................................................................12.......................................................................................................................................................13
INTRODUCTION Every organisation contains their own surrounding which has direct impact over itsbusiness operation and function as well as to decision of firm. However, business environment isa combination of internal and external factor that influence company's operating situationincluding employees, customers, management, supply and demand as well as firm's regulation.Along with this, it enable firm to evaluate market threat or challenges in order to generate profitmaximisation with an optimum utilisation of resources in an effective and efficient manner (Asif,M., and et. al., 2011). This report is based on Topshop, a multinational UK retailer of clothing,shoes, accessories which is commenced in the year of 1964. This study covers various types oforganisation along with its legal structure, size, scope and purpose, relationship of businessfunction with its structure. Apart from this, application of PESTLE analysis to examine externalenvironment as well as usage of SWOT to identify internal capabilities of firm and pros and consof macro factors is also mentioned here. TASK 1 P1 Different types of organisation Each and every establishment is classified into various division and each of themcontains unique set of roles and responsibilities in order to accomplish organisational goals andobjectives within prescribed time limit. Along with this, there are varies types of factors or forcesin which some are controllable and few are uncontrollable which directly impact over strategicdecision making capability of company. Moreover, it helps the firm to determine its opportunityand threat and also it helps them to make corrective course of action for attaining sustainableprofitability ratio. Apart from this, organisation is categorised into different types i.e. private,public and voluntary which contribute towards the betterment of community as well as improvesthe productivity of firm in an innovative and creative manner. Hence, the detail explanation ofvarious group of sector which are as follows:Private It is a type of company which offer limited liability, legal protection to its shareholdersbut it puts certain restriction or limitation on its ownership as well as it does not trade their sharesin general public ((Besharov and Smith, 2014). Hence, in order to understand this concept,Topshop company is considered which is one of the clothing retailer in UK. It is a subsidiary of
parent company Arcadia Group with 500 shops worldwide. The purpose and legal structure ofTopshop are as follows:PurposeThe key goal of company is to satisfy customer on an international basis withoutcomprising the unique brand vision and becomes the spectrum of ever changing collections thatkeep Topshop in an cutting edge trends. Legal Structure Some of the legal forms is described below: Sole proprietorship:It is formed and governed by an individual who bears all profit ,gains and risk by its own as well as contains full control over decision making process inorder to achieve business objective in a productive way. Along with this, it is regarded aspopular business due to its simplicity, ease of setup and nominal cost. Partnership: It is a type of business entity which is run by two or more people under ajoint name with a view to generating profits. Along with this, its ownership is sharedamong partners as well as the responsibility for managing firm and the income or losseswhich business generates (Cavalcante, Kesting and Ulhøi, 2011). Public It refers to those group of firm whose securities are traded on a stock exchange and canbe bought or sold by anyone. Along with this, they are required by law to publish their completeand accurate financial position so that shareholders can determine the value of available shares.Hence, for in depth comprehension of public sector, Bank of England is considered, as it is acentral bank of UK which is established in the year of 1694. Moreover, it is one of the eighthfinancial organization that is authorised to issue banknotes in United Kingdom as well asregulates all commercial banks in Scotland and Northern Ireland. Purpose The primal mission of Bank of England is to boost up the life standard of community orsocieties through marinating monetary and financial stability. Legal Structure It is a category of organisation which helps Bank of England to form and govern itsbusiness operation and function in an productive in appropriate way. Hence, it uses financials

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