Key Issues Influencing Household Furnishing Business

REPORT

TABLE OF CONTENTS
INTRODUCTION:..........................................................................................................................3
TASK 1............................................................................................................................................3
Key issues which influence the business of the household furnishing company:.......................3
TASK 2............................................................................................................................................5
PESTLE analysis:........................................................................................................................5
TASK 3............................................................................................................................................7
Impacts on the business from the issues of the furniture company:...........................................7
TASK 4............................................................................................................................................7
REFLECTION:...........................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION:
Business environment refers to the group of all the internal and external factors which
have both the positive and negative impact on the business operations of the company in the
different situation of the markets. These external and internal factors are employees, needs and
wants of the customer, management, demand and supply, innovative technology, changes in the
economy, government activities etc. This report examines the two main important issues which
affects the working of the household furnishing. There are the determination of the Pestle
analysis which helps to explain the issues affecting the household furnishing company. This file
also explains the positive and negative effects of the issues on the business of the household
furnishing.
TASK 1
Key issues which influence the business of the household furnishing company:
There are various challenges which is faced by the household furniture company which
influence the successful operation of their business. The two main issues are rapid changes in the
demand of the customer and shortage of the skilled and talented labour for the effective
production of the household furniture company. These issues are explained below:
Fluctuating demand of the customer:
In the industry of the household furniture demand of the products and services is
depended on the needs and wants of the customer in the housing furniture. When the cost of the
products are increase with the increase in the wages of the employees creates difficulty in the
managing the changes in the demand of the customer. Customer trends of housing have a great
effects on the manufacturing of the furniture. Increase in the prices of the furniture products
decreases the sales of the company. The needs of the furniture in the small homes and in the flats
are limited and these homes and flats are furnished with the low cost and small furnitures. The
demands of the furniture are changes as per the needs and wants of the people living in the small
homes and flats (Aithal, 2017). The manager of the company try to evaluate the fluctuation in
demands to improve the designs and quality of the products for the achievement of the successful
business operations. Household furniture company aims to acquire the needs and wants of the
customer for their furniture products. The manager of the company monitor and collect the data
on the demand of the customer for the better future prediction when the demand goes changes.