The Business Environment of Sainsbury
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Added on 2020-07-23
The Business Environment of Sainsbury
Added on 2020-07-23
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THE BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Covered in ppt........................................................................................................................1TASK 2............................................................................................................................................1P3) Relationship between different organisational functions.................................................1TASK 2............................................................................................................................................4P4) Impact of macro environment on the firm.......................................................................4P5) Sainsbury's internal and external analysis.......................................................................7P6) Interrelation of macro factors and strength and weaknesses...........................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness environment is a term which is framed by two unique words "Business" and"Environment". Business is an action where merchandise and administrations are traded as far asfor cash. It is a zone where operations and capacities are completed by distinctive association.At point when these both enjoy together it turns into business condition, subsequently it is saidto be as internal and external variables that has an immediate effect upon exercises of anorganisation. It is become very essential for companies to be aware of several aspects ofenvironment which can be a factor of growth and down fall as well (Aterido, Hallward-Driemeier and Pagés, 2011). All the elements of environment has very direct impact uponoperations and functions of a company, hence it has to be taken in consideration that how thesecomponents has to be tackled.Sainsbury plc is one of the recognised organisation dealing in retail sector in UnitedKingdom. Its has been declared as second largest supermarket and is having 16.9% shares inretail industry. It is known for its innovation that it introduce in its store and big retail outlets. InSeptember 2016, company has very successfully completed the process of acquisition of Homeretail group.TASK 1Covered in ppt.TASK 2P3) Relationship between different organisational functionsIn an organisation there are different tasks that get performed so, it become very essentialfor it to separate all its activities into different departments so that functions and operations doesnot get hampered and smooth flow can be pertained. This will ultimately help in attaining longterm objectives of firm (Avramenko, 2012). This is very helpful as because it is a conceptthrough which firm will be able to perform all tasks in desired manner. Although departments aremade but still all are interconnected with each other as suppose if Sainsbury is in need of newemployees in finance department so it has to be convey to HR section so that they can be able toarrange and line up interview sessions as per need of finance division. Similarly all are verymuch interlinked with each other.1
Human ResourceHuman resources management is one of the major element in an organisation as becauseto perform each an every task employees are very much required. This department act as acentral spin for an organisation as it avail human resources to other departments as per theirrequirements. Internal recruitment are comparatively inexpensive to external method.(Commander and Svejnar, 2011). This division gives preparing and advancement program toenhance aptitudes and capacities of candidates. Primary motive and function of this departmentis recruit , choose, preparing, finance, pay and so forth. The Sainsbury should be responsive inhiring right candidate and should communicate with the marketing functions in practices of thefirm. The organisation should should evaluate in skills of the candidate as per the requirement ofsales department in order to achieve the stage of firm norm effectively.Finance department This division gives financial aid to business. Records are maintained regarding incomesand expenses. It oversees fund and helps in reducing production cost as much as possible.fundamental goal of this department is to organise and manage funds from both internal andexternal sources (Dahan and et. al, 2010). It is interrelated with other department as becausefunctions can only be carried out with help of funds and this department avail it to all thoserequired sections of the firm.The Sainsbury company should be responsive in working as per theneeds of the budget provided by the organisation the provided budget of the marketingoperations and the sales operation of firm should also contribute in their profitability of the firmto large extent.MarketingMarketing department focuses on necessities and needs of consumers and then after theyproduce products and services indicated by their request which can fulfil their requirements andwants. Fundamental target of this division is to fulfil desires and wants of buyers. In this theymanufacture products then they packaging is done as required, give commercial(Advertisement)through daily papers, TV, online and so on along these lines, that an ever increasing number ofclients think about its products and enterprises and furthermore buy them. It ultimately assist inbusiness expansions and to grow. This section is connected with other as because until andunless marketing does not take place customers will not be able to know about products and2
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