The Business Environment Assignment 2022

The Business Environment

Executive Summary
In the below assignment, there is a description of Micro environmental
factors of Woolworths that directly create an impact on the operations as
well as the growth of the organization. There are many factors like suppliers
and customers that play a very important role in the organization.
Woolworths has to create framework by which it can be able to face market
competition and challenges in the market. Such factors also impact the
growth and profitability of the organization.

Contents
 Identify micro environmental factors that influence the chosen business
specifically. These factors may include but are not limited to consumer behaviour,
competitor analysis, social, suppliers, intermediaries, new entrants and public
opinion........................................................................................................................ 4
 Analyse their impact on the business that may be in terms of but not limited to
changes in business performance, structure, policies, profitability, value-adding
attributes, growth and market share..........................................................................6
 Propose solutions to challenges to counter prevailing/potential risks..................6
References................................................................................................................. 7