Understanding Business and Climatic Changes

The assignment discusses various factors that affect businesses due to climatic changes, such as domestic legislation, product process changes, and demand fluctuations. It highlights the importance of considering these factors and using social media tools to increase productivity. Additionally, it touches on communication challenges faced by companies operating in international markets, including language barriers, hostility, emotional, and behavioral issues.

UNDERSTANDING
BUSINESS

Table of Contents
INTRODUCTION...........................................................................................................................1
Q.1 Effects of climatic change on the business...........................................................................1
Q.2 Methods to increases the productivity of failing business by social media.........................2
Q.3 Communication issues in international business due to cultural differences.....................4
CONCLUSION ..............................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Understanding business environment is important for every business. Company after
evaluating the environment can make changes in the plans and policies so that the operations can
run successfully in the business. Report discusses about the Tesco company which is operated in
U.K (Crane and Matten,2016).It provides all the products such as clothes,beverage and the food.
Report discuses about the effects of climatic change in the global business,methods of failing
business can apply to improve the productivity using the social media and the communication
issues of international businesses due to cultural differences.
Q.1 Effects of climatic change on the business
There are various effects of that climatic change on the company. The issues faced by
the Tesco company-
 Domestic legislation – There are various legislation followed by the company.
Companies were given certain emission credits in which they have to release the certain
quantity of gases in the the air. So if firm discharges more amount then the credits then
they have to buy additional credits hence it affects their profits. So hence it will reduce
the profits of Tesco. This results in less productivity of the firm so hence it cannot
maintain unique position in the market. Thus it cannot expand the business which
hampers the growth of the company.
 Changing the process of the goods and services – If there is increase in transportation
cost or the higher electric rate then company has to incur extra expenses on the trucks and
the cost of electricity of the warehouses. So hence it increases the supplier cost whop
transports the materials to the company. Thus company has to charge extra cost from the
customer. So customer suffers due to this change. Company also have to bear the
additional cost which hampers the productivity and the profits. So this reduces the sales
of the company . It cannot attract much customers. It reduces the productivity and
company cannot expand the business.
 Changing the demand of goods – Due to changing weather patterns and the changing
prices it can affect the demand the goods (McHugh,Nickels and McHugh,2016) As if
there global temperature increases then there is decline in items such as fruits beverages
and cold coffee which are consumed in winter season. If there is summer season then
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there is increases in the products such as icecreams and beverages etc. So hence there is
change in demand if the goods due to change in the season in the market. Company has
consider these factors while creating and manufacturing goods (Poels,2011)
. As if it do not consider these factors then company cannot run efficiently and
effectively. It results in declining the performance of the firm. So company has to
evaluate theses factors so that it can increase the revenues and can increase the market
share. Thus it can maintain the good position in the market as well as ion the minds of all
the customers.
 Longer summers – There are longer summers ion the market. So hence there is increases
in demand of the goods such as ice creams and beverages sector. It also increases the
demand of the shirt pant for the men and skirts for the women. Hence company can
provide these goods according to demand of the customers. So hence it can easily satisfy
the customers in shorter period of time. Thus it increases the profits of the company. It
leads to increase in the market share of the company.
 Changing the perception of the public – There is change in perception of the public
towards the company. Firm can promote its products using various promotional
programmes and the events. It can also organize the social events in which it contributes
towards the social activities. Hence it tries to maintain positive and good image of
company in front of all the customers.
Q.2 Methods to increases the productivity of failing business by social media
There are various methods and techniques through which company can increases the
productivity and profits by using the social media tools. Tools used by Tesco are -
 Company websites – Tesco company can create attractive websites which give full details
of the company information. It gives the data such as company products,location and the
prices of the products. It can create attractive webpages using various images and pictures
to attract more customers. Thus failing business can improve the productivity. It can
mention lower prices in websites for all the products to capture many customers. Thus
many customer are attracted towards purchasing the products of the company. It result in
increasing the profits and productivity of the company (Quinton and Wilson,2016). Thus
it can easily expand the business.
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 Establish the processes – Company has to set of processes of the different activities and
tasks so that it can easily manage the activities and operations of the company (Shang and
Shi,2013) . It has to fix the time of creating the Facebook posts and preparing images in
the company. So thus all activities are managed efficiently and effectively. Through this
company can effectively present all the details and the images in the proper manner. In
this checklist is pre parted in which company can easily understand the weekly,longer
priorities in shorter period of time. Through this it can create the plans and policies to
achieve the objectives or goals.
 Give the incentives – Company can provide the incentives to various customers so that
they can give reference to their friends or relatives. Company which is not earning much
profits and which is not financially sound can increase the productivity through capturing
the existing customers. Existing customers are to be given various incentives and can be
given different discounts ton promote the company. Hence as a result customers can have
the full information such as product price and their other details including such as the
characteristics to the customer. They give different advantages of different products to
all the remaining people including the friends and relatives. So the company can
increases the profits and productivity.
 Create the strategy,plans and goals – Company has to create the plans and policies of
developing the content which contains all the information provided to all the customers.
They have to provide the latest trends and recent information to the customers. Company
has to solve the problems of the customers related to the product. So hence it can
increases the value of the brand. Company can easily promote the products in minimum
time. It also saves the cost and time of promotion of the company. Through proper and
organized content company can attract many customers. So hence it results in increasing
the profits and productivity.
 Receiving the feedback – Company can receive feedback and suggestions from the
customer related to the improvement of the products. If company implement customer
views and suggestions in their product and in their strategies it results in efficient and
effective functioning of the activities in organization (Stanwick and Stanwick,2013). So
hence firm can improve the financial position in the market.
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Q.3 Communication issues in international business due to cultural differences
There are various communication issues and problems faced by international business due ton
the cultural differences in the country (Cultural Communication Barriers in the
Workplace,2018). Issues faced by Tesco company are -
 Language barrier – Language is the complex barrier faced by the Tesco company. As all
people use different language in different countries hence it is easy to recognize and
understand the language of all the people. So when company travels to different place for
purpose of the business hence the managers cannot understand the language of all
managers and employees of another country (Storey, 2016).. Even translators finds it
difficult to convert the language into other language which leads to the misunderstanding.
So as a result people do not understand the views and opinions of all people in a proper
manner . This hampers the business of the company. They cannot don the conversation
and cannot explain the business idea in the proper manner. This hampers the work of the
business.
 Hostile Stereotypes - It is also a complex issue faced by the company. Stereotypes are
the assumptions of people regarding the characteristics of all the people. So hence people
can assume that someone is arrogant or friendly,tolerant or impatient. This assumption
of the individual related to other individuals can lead to the confusion in the
communication process. Due to this individual have the false assumption that individual
has same characteristics as that of the group. So hence it leads to misunderstanding and
confusion. So this leads to misunderstanding and misconceptions. It hampers the
communication of a business with another business. Hence company cannot properly
communicate with all the managers of other business. As a result company cannot earn
more profits.
 Behavioural differences - Company faces the behavioural problems which hampers the
business of all the companies. Sometimes in a country maintaining the eye contact is
treated as arrogant and rude (Trugman,2016). In some countries an employee gives small
smile to other managers so they are treated as disrespected by the management. So
many employees do not consider these barriers and it leads to confusion in all the
employees. This leads to ineffective communication between the manager of one
company with another company's manager Due to the behaviour of all the persons it
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hampers the business of company. So hence it leads to low profits and lower productivity
of the firm.
 Emotional value – Emotions value displayed by the company is considered inappropriate
in the company. As sometimes manager shows the anger,frustration and fear in the
workplace. So hence employees cannot properly understand the way in which the
manager is reacting (Weske,2012). If manager reacts in aggressive manner and displays
high emotions in the workplace then it results in misunderstanding of all the employees.
So hence miscommunication arises between the manager and the employees. So hence
problem arises when company do business in the international countries. It hampers the
business of the company due to strong emotions shown by the manager of international
country.
CONCLUSION
It can be concluded that there are various climatic changes which affects the business
such as domestic legislation and the change the process of the goods and service, change in the
demand of the goods . And the longer summers. Due to this business has to consider the all
factors which can affect the business. There are various methods to increase the productivity of
the business by using the social media tools such as attractive websites, taking feedback ,creating
the plans and strategies and giving incentives ton all employees. There are various issues faced
by the company such as language barrier,hostile,emotional and behavioural which leads to
communication problems in international countries.
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REFERENCES
Crane, A. and Matten, D., 2016. Business ethics: Managing corporate citizenship and
sustainability in the age of globalization. Oxford University Press.
McHugh, S. M., Nickels, W. G. and McHugh, J. M., 2016. Understanding business. McGraw-
Hill Education.
Poels, G., 2011. Understanding business domain models: The effect of recognizing resource-
event-agent conceptual modeling structures. Journal of Database Management
(JDM). 22(1). pp.69-101.
Quinton, S. and Wilson, D., 2016. Tensions and ties in social media networks: Towards a model
of understanding business relationship development and business performance
enhancement through the use of LinkedIn. Industrial Marketing Management. 54.
pp.15-24.
Shang, T. and Shi, Y., 2013. The emergence of the electric vehicle industry in Chinese Shandong
Province: A research design for understanding business ecosystem capabilities. Journal
of Chinese Entrepreneurship. 5(1). pp.61-75.
Stanwick, P. and Stanwick, S.D., 2013. Understanding business ethics. Sage.
Storey, D.J., 2016. Understanding the small business sector. Routledge.
Trugman, 2016. Understanding business valuation: A practical guide to valuing small to medium
sized businesses. John Wiley & Sons.
Weske, M., 2012. Business process management architectures. In Business Process
Management (pp. 333-371). Springer, Berlin, Heidelberg.
Online
Cultural Communication Barriers in the Workplace. 2018. Online. Available.
<http://smallbusiness.chron.com/cultural-communication-barriers-workplace-13888.html>
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