Usiness Environment Assessment 2022

Running Head: BUSINESS ENVIRONMENT 0
Business environment
Student details:

BUSINESS ENVIRONMENT 1
Assessment 2 Topic 1
Answer. Walmart is an American multinational retail organization, which provides finished
goods to the consumers which are ready to use or consume. It is spread in different parts of the
world presently; Walmart is providing the goods and services more than 25 countries all around
world. The company holds several organizational functions like finance, human resource
management, marketing, operations, legal and IT. It is one of biggest retail business organization
in terms of its business size and financial status. Walmart serves consumer goods to people,
which are obligatory and are part of daily life routine. This industry serves consumer goods to
the people that are frequently used by them (Obeng, 2019). More than 2.2 million people in
worldwide market are working for Walmart under which most of the people are placed in United
States and left are working at different locations of the world. Walmart tries to accomplish the
concerns of the employees as they have millions of workers ,it is essential for the company to
motivate the employees in order to achieve the targets and objectives of the company(Frynas, &
Mellahi, 2015). The company generated revenue of about US$6.67 billion in the year 2019.
Along with this, Walmart earned around $120.824 billion in the international market. Therefore,
it can be stated that the company is performing efficiently in American and international markets
(Le, Stathopoulos, Van Woensel, & Ukkusuri, 2019). Walmart provides consumer goods related
to home care like glass cleaner, brooms, coffee makers; it offers health and personal care
products like trimmers, razors, nutrition powder and hair colors and also delivers entertainment
goods to the people like soft toys for kids and brain games for adults. The core product offered
by Walmart are dairy products and pillows.
Assessment 2 Topic 2
Answer. An external stakeholder refers to a person or group of people who are not a part of
organization but are influenced by the actions and activities performed by company. There have
indirect nature of impact over the organization. The external stakeholders hold secondary
responsibility towards the company. Walmart holds five major external stakeholders consumers,
suppliers, competitors, investors and government. All these stakeholders have a different
interests and influences over Walmart.

BUSINESS ENVIRONMENT 2
Consumers- Consumers are rational; they wish to have best quality of product at minimal rates.
Consumers also influence the business of Walmart in different ways for instance by switching to
some other organization, which offers similar products (Silvestre, Monteiro, Viana, & de Sousa-
Filho, 2018).
Suppliers- Suppliers of Walmart are comparatively less powerful; there core interest is to get
more powers in terms of making negotiations with the company. They do not influence the
company at extreme level because of the availability of numerous suppliers. Hence, Walmart
tries to maintain long-term relations with the suppliers (Epstein, 2018)..
Competitors- They are strongly influenced by the decisions of Walmart. The constant increase of
competitors in the market place has posed a threat to the earnings of Walmart. The major interest
of competitors relies in making higher profits than other firms (Harrison, 2019).
Society- Society is a strong external stakeholder which influences the business organization in
different ways. For instance change in the taste preference, wants and needs of the consumers in
society forces the organizations like Walmart to bring changes in their products and services.
The only interest of society relies in getting best services at least costs.
Government- As Walmart is working in numerous nations worldwide, it is the duty of Walmart
to follow the legal intellectual property rights formulated within specific country. The
government does not directly influence the functioning of organization rather it influences it by
implementing rules and regulation in respect to the quality of goods and services offered to
people (Harrison, 2019)
Assessment 2 Topic 3
Answer. Just like external stakeholders, internal stakeholders also influence Walmart. Internal
stakeholders are the individuals or group of individuals who are part of organization. They have
direct nature of impact. The internal stakeholders have primary responsibility towards the
company. The internal stakeholder serves the organization. There are five key internal
stakeholders i.e. the employees, the board of directors, mangers, owners and investors.
Employees- The employees act as backbone of the Walmart. They are the one whose hardships
help the company to perform in the market. The employees hold a simple interest in company i.e.