logo

Unit 1 Business and the Business Environment Assignment

   

Added on  2021-02-19

12 Pages3331 Words26 Views
Leadership Management
 | 
 | 
 | 
Unit 1 Business and the BusinessEnvironment
Unit 1 Business and the Business Environment Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................1ESSAY.............................................................................................................................................1Identify the positive and negative impacts the macro environment has upon businessoperations which is supported by specific examples..............................................................1Conducting internal and external analysis of specific organisations in order to identifystrengths and weaknesses.......................................................................................................3Explaining how strengths and weaknesses interrelate with external macro factors...............5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
Unit 1 Business and the Business Environment Assignment_2

Unit 1 Business and the Business Environment Assignment_3

INTRODUCTIONBusiness may be understood as the organised efforts of enterprise to supply consumerswith goods and services for a profit. Businesses vary in size, as measured by the number ofemployees or by sales volume. Business environment factors are the most important driverswhich has to be measured in a proper way. Such factors includes political, legal, technological,social and economical. Present study will be discussing the external or internal businessenvironment of Marks & Spencer in order to measure the possible outcomes and results.Therefore, the report will also justifying business environment through some marketing factorslike PESTLE, SWOT analysis in order to identify their key strengths and weaknesses. However,such model of market analysis also will describe the interrelationship between external factorsand internal. ESSAYIdentify the positive and negative impacts the macro environment has upon business operationswhich is supported by specific examples.In order to determine the positive and negative impacts of the macro environment on thebusiness operation such as M&S PESTLE analysis is the most required tool for the organisationperformance (Schaltegger and Burritt, 2017). Along with that, PESTLE analysis is the mostreliable source that shows the elements associated with the business like M&S to explore thenew business organisation. Directly or indirectly external business environment affect theopportunities of the business. On the same side, external factors include political, legal, social,economic, environmental all such factors belongs to the external factors that might be threat forthe company. Political factors: Political factors play a significant role in order to determining thefactors that can impact Marks & Spencer. Political factors play a significant role in determiningthe factors that can impact M&S in more than dozen countries. In retail sector political factorsare highly influenced and dynamic industry across the various countries which is to diversify thesystematic risks of political environment (Aldrich and Wiedenmayer, 2019). Marks & Spencergroup Plc can also closely analyse the following factors in order to enter or investing to a certainmarket. Company get affected by political factors in terms of anti trust laws, wage legislationand mandatory employees benefits. 1
Unit 1 Business and the Business Environment Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Positive and Negative Influence of Macro Environment on Business Operations
|20
|1068
|100

Business and Business Environment - M&S
|11
|3095
|386

Positive and Negative Impacts of Macro Environment on Business Operations
|11
|1086
|54

Business and Business Environment (Part 2)
|21
|1942
|86

Pestle and SWOT Analyses of Marks and Spencer
|13
|774
|78

Types of Business Organizations and their Legal Structures
|13
|3654
|78