Business Environment of Domino's: Internal and External Factors
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Added on 2023/02/02
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This presentation discusses the internal and external factors that impact the decision making of Domino's. It includes a SWOT analysis and PESTAL analysis of the company.
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INTRODUCTION Business environment of Domino's can be described as the factors that affects the functions of the company like management, supply, demand, customers, etc. It s consist of two factors which are internal factors such as finance, employees, products, customers, etc. and external factors such as politics, economy, etc. This presentation will discuss about various internal factors and external factors that impact the decision making of Domino's.
SWOT ANALYSIS OF DOMINO'S StrengthWeaknesses The key strength area of Domino's includes its great brand equity which helps in whole world. In weaknesses include low no. of stores in comparison to its rivals such as Pizza hut. OpportunitiesThreats Inopportunitiesincludeithasa multinationalbrand.Ithasawide opportunities to expand its market share the whole world. Inthreatsincludesfiercecompetitionin QSR system that creates hurdles. On other handhealthconsciousconsumersarouse problemsandtheregulatoryissuesthat comes due to deal in other countries. High cost of operation due to costly raw material.
STRONG BRAND EQUITY Domino's is second largest chain of brand value in consumer brand in whole world. It known as leader in delivery of product (pizza) and deal with other brands to offer best combo in delivery of product. It empower its brand by good timely deliver services.
STRONG AND PROVEN BUSINESS MODEL Domino's build a strong business model to lead in market by its operation cycle. Domino's build a cost efficient model that works on timely delivery and good food delivery. It works on strong proven model that operates at store level smooth operations and beat its competitors.
CHALLENGES Even though there are many opportunities for a diversified global workforce, there are many challenges that an entity comes across while dealing with such workforce. Managingdiversityismorethanjustascertainmentofdiversities between personnel of an entity.
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FACTORS THAT CONTRIBUTE TO THE NOTION OF A GLOBALISED ECONOMY In today’s digitalised world, there are many factors that foster the process of globalisation and also the businesses to take its operations to a larger scale in international markets. Rapid and sustained technological change has reduced the cost of transmitting and communicating information which serves as a key factor behind trade in knowledge products using web technology
CONCLUSIONS Fromtheabovediscussion,itcanbeconcludedthatbusiness environmentplaysavitaroleingrowthandsmoothrunningof operations of the organisation. Additionally, the internal factors of business such as management, product, supply, etc. can be managed or controlled by the respective company to attain the company's objectives.