Business and the Business Environment: Task 3 & 4 Analysis

This report provides a comprehensive analysis of the business environment, focusing on the application of PESTLE and SWOT frameworks. It begins with an introduction to the business environment, emphasizing the significance of both internal and external factors in influencing business activities. The PESTLE analysis is then thoroughly examined, detailing the impact of political, economic, social, technological, legal, and environmental factors on business organizations. The report further explores the internal and external analysis of a specific organization, likely Asda, using SWOT analysis to identify strengths, weaknesses, opportunities, and threats. The interrelation of these factors with macro-environmental aspects is also discussed, highlighting the impact of micro and macro factors on business objectives. The conclusion summarizes the key findings, emphasizing the importance of analyzing the business environment for successful business operation and profitability. References to academic sources are included to support the analysis.

Business and the Business Environment
Task 3 & 4

Table of Content
 Introduction
 PESTLE analysis and its impacts on business organizational
 Appropriately application of PESLTLE model
 Internal and external analysis of specific organization
 Application of SWOT
 Impact of macro and micro factor on business objectives.
 Conclusion

Introduction
Environment is the collection of factors that covers internal and external situation f
business and influences the business activities. Whenever any business is going to start
and running by business concern, it need to focus different element which helps to
maintain the production in order to get outcomes (Aithal, P 2016).

PESTLE analysis and its impacts on business
organizational
PESTLE analysis is a framework which is very important for business organisation
and make strategic planning. In business organisation, this is used by strategic
planners to analyse the factors which can affect a business whether positively and
negatively (Apăvăloaie, 2014). This framework is used to know the impact of
external factors that is defied as:

Cont..
Political factor – This factor comprises with Bureaucracy, corruption level,
Tariffs, Data protection law, tax rates, interest rate, inflation rate etc. that can
impacts on business operation of Asda which is defined as:

Cont..
Economical factor: This factor comprises with unemployment and interest
rate, labour cost, inflation rate, growth rate, population growth;, dilatation,
exchange rate etc. that may affect the business of Asda supermarket in
diverse manner:

Social factors
Social factor: This factor is connected with social needs and wants which are
satisfied by business organization This covers culture, value, beliefs, change
in lifestyle, taste and customers preference that has impacted on Asda
organization:

Cont..
Technological factor : Every business company wants new innovation and
technology in their business which helps to continue a business and
increase production and profitability. The positive and negative impacts
are as defined:

Cont..
Legal factor: This factor comprises with laws, regulations and rules such as
employment laws, health and safety, equal pay, anti discrimination and food
safety regulation which may affect the business operation of Asda company
that are impacted positively and negatively as defined:

Cont..
Environmental factor: This factor comprises with environmental rules, biological changes and other
factor which impacted on Asda's business positively and negative defined in notes:

Appropriately application of PESLTLE model
PESTLE model is used by Asda company to know which factor can impact negatives and
which one positively. Such factor can not be control because they are external factor but
it can be overcome by analysing that helps to take further steps in order to perform well
(Quinlan, Babin, Carr and Griffin, 2019). Asda is a supermarket that uses PESTLE
analysis to know impacts on operation which helps to run a business effectively.

Internal and external analysis of specific
organization
Internal analysis of business organization is need to analyses the strength and
weakness of business. This is used by all corporation to know the strength
and weakness that can be control by organization The SWOT analysis of
Asda super market is stated as: