Business Environment Report: Analysis of Track Global Group's Strategy

This report provides an analysis of the business environment, focusing on Track Global Group. It begins with an introduction to the company and its services, followed by an examination of different organizational types and their growth in international business. The report then explores the company's vision, mission, objectives, and legal structure, including how organizational functions link with objectives. A significant portion of the report is dedicated to PESTLE analysis, evaluating the political, economic, social, technological, legal, and environmental factors impacting the business. It also covers internal and external analysis and how these influence the decision-making process, along with the strengths and weaknesses of the organization in relation to environmental factors. The report concludes with a summary of the findings and provides references to support the analysis.

UNIT 1
BUSINESS ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P.1 Different types of organisations and growth in international business............................1
P.2 Vision, mission, business objective and legal structure...................................................1
P.3 Organisation function and how they link with objective.................................................1
TASK 2............................................................................................................................................3
P.4 PESTLE analyses.............................................................................................................3
P.5 Internal and external analysis and influence the decision-making process......................4
P.6 Strength and weakness interlinked with environment factor...........................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Business state of affairs is help to find out effective activity to set up the organisation. In
this context size, scope is one of the most important parts to improve the growth rate in market.
This report is based on TRACK GLOBAL GROUP organisation (Sekaran and Bougie, 2016).
The company is basically located in the United Kingdom and provides different services in
insurance plus vehicle manufacture. In this report, may focussing on function and supply in
market. Further, it covered external situation analyses to better the level of carrying into human
action in market.
TASK 1
P.1 Different types of organisations and growth in international business
Covered in ppt
P.2 Vision, mission, business objective and legal structure
Covered in ppt
P.3 Organisation function and how they link with objective
Organisation is itinerary on function and improves carrying into action level in market. In
this context function or role of the organisation is one of the same things and main aim is to
provide some most important part are as follows;-
 To define the role of individual :- In working environment, each and every employee's
role is very important to find out capability of doing work in one day. It helps to manage
work and maintain relationship between employees with other departments as well.
Organisation become more focus on each employees and about their work to identify
themselves (Sekaran and Bougie 2016). He can relate his position with other department
to analyses working state of affairs and make some efforts in working environment. The
role of organisation must be link with the objective as because all eh duties should be
aligned with objectives.
 Fixation of responsibility: - In fixation of responsibility is to be focus on behaviour and
attitude is most important to solve any kind of problem in organisation (Bunawan, 2017).
Each idiosyncratic is allotted a certain duty organizational structure precise what carrying
into action is expected of a social unit of the unit of the administrative division of the
endeavour. This is to be fixation the role and responsibility is help to improve the market
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condition will be improve in overall development. It is very important that responsibility
that is fixed should be aligned with objectives.
 Coordination :- In this context is to be concentration on coordination between internal
working environment. There is rise the need of coordination the activity of various
individual about the level of work. They execute diverse, human activity and these rich
person to be woven into the main cloth. Coordination is very important to achieve he
goals and objectives of organisation.
 Planning ;- Planning is decided where we are and where we want to be in the future. To
be find out the future condition and make some improvement in growth rate. On the other
side, planning is one of the most important part and make some efforts to increase
market. Planning is very important to achieve the goals and objectives of organisation.
 Proper utilization of resources ;- In this context is to be engrossment on each and every
resources is most important and make some effort to increase the market value and make
some change in internal working environment (Tukker and Tischner 2017. ). There must
be reduce the level of wastage and misapplication of human efforts in working
environment. This is one of the most important for economic development for beneficial
for future improvement and growth rate in market. If here is no utilization of resources
than it is not possible to achieve the goals and objectives.
 Organisation resources :- Organisation is to be used many things in working environment
and make some changes as per the need of the customer in market. Some resources are to
be used to help and increased the profit percentage.
 Efficient functioning :- In this function is to be centring on all the factor to be used in
great functioning in working environment and make some correction in internal work
place. This is had reduced the level of duplication of work, overlapping and wastage of
resources in working environment. It advances speedy, ceaseless and businesslike
running of the endeavour.
All such is to be function of organisation and make some improvement in growth rate in market.
In this way, function is help to achieve objective and make some improvement in working
environment (Tukker and Tischner 2017. ). Moreover, proper planning is guide to solve problem
and achieve objective of the organisation. There are some objectives are as follows :-
 To increase then level of trust and support and among organisation members.
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 To create the friendlily environment which is improved the knowledge and skills in
working place.
 To solve conflict between employees in working environment.
 To increase the level of self and other responsibility in planning and implementation.
This all objective of the organisation and make some improvement in growth rate in market. In
which function are help to achieve all such objective. This is had decreased the level of copy of
work, overlapping and decrease of beginning in working state of affairs.
The functional structure of company is having many strength and weakness as wel, which
need to be included and addressed like those included as under:
Productivity (Strength) - The productivity of all employees will be increasing based on the
specialisation of operational task. As their expertise enable employees to effectively work
quickly and effectively. So this wills ultimately leading to increase in profits and revenue of firm
as well.
Management issue (Weakness) - This is regarded to as weakness of functional organisational
structure as it could create issues and problems in company. It would be not easy to handle and
supervise the employees in effective manner.
TASK 2
P.4 PESTLE analyses
In business environment some factor is give direct impact on performance and growth
rate in market and reduces the level of execution. In this way, internal and external both factor is
most essential to solve such kind of problem in organisation and make some improvement in
commercialism condition (Tukker and Tischner 2017). Some of the most important part and
make to increase the market as per need of the customer in market. There are two factors are
internal and external factor. In internal factor some factors are controllable and only some factor
can effective the work. On the other hand, external factor are as follows:-
 Political factor: - In political factor role of government in arrangement is most crucial
and government is changes rule and regulation is give direct impact on organisation. This
factor is use some elements are tax rate and changes in trade restriction and the stability
in government. In this way, government is change tax rate and make some improvement
in market growth. Tax rate is most important part and organization is give direct impact
growth rate in market. Negative impact over business is that when there are regular
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changes identified in fiscal and monitory policies, then firm have to make changes in
their pricing. In other words, when fiscal or monitory policies increases, then price will
increase and when it reduces, then price is also reduced.
 Economical factor :- In economic factor is most essential part and exclude weather
condition such as interest rates, rising prices rates, gross municipal product,
unemployment rates, levels of expendable income, and the broad growth or decline of the
economic system. Some rate is most important part and help to introduce new product in
market. In this context some charges is to be made on price like some taxes are benefit
for the organisation. This factor gets negatively affected for the company when a country
faces condition of inflation or recession, then it purchasing power of people gets reduced.
In other words, firm faces condition of losses.
 Social factor :- In social factor is to be use some changes in taste and preferences of the
customer is more important and increase in market share. To change is customer
preference is give negative part for the organisation. This is reduced the level of customer
in market and profit rate as well. Some factor is more important is increase number of
customer and make some changes in market. Antonymous an indefinite quantity in the
global people and world food deficit predictions are presently prime to calls for lesser
investing in food industry. They all factor is give direct impact organisation and make
some changes as per the need of the customer. Firm gets negatively affected when they
fail to make changes or understand the preferences of customers. There are many
companies that deliver their customers with similar type of products and services. When
changes are not made timely, then it affects the business in negative manner.
 Technological factor :- In technology is most important nowadays to increase the number
of customer is more important in market place. New technology is assistance to increase
the number of customer and make some changes as per the need of the client in market
place. Something new is place of attraction in market and improved profit rate in market.
Some changes as per need of customer and demand in market. To change in technology is
give positive impact on demand in market. Practical application has created a social
group which anticipate instant effect. This discipline revolution has accrued the rate at
which info is exchanged betwixt neutral. A faster chemical phenomenon of message can
benefit business concern as they are able to change state quickly to modification within
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their operational surround. In this way, new technology is give positive and negative both
the impact in market. If customer is satisfied with new product in market, so help to
increase in demand. But some time give negative impact if no one is interested with new
technology in market place. When new or updated technology is not implement by the
organization, then it affects the growth and profitability in negative manner.
 Legal factor :- In this context legal factor is most important part and some law is to be
used in working environment. With the assistance of some law is most important in
market and make some correction in market place. Law enforcement federal agency and
assembly in many land, including the United States, furnish create with the incumbent
legal mechanics to defend their mental property from high jacking. In market more safety
is required and focus on improvement in market growth. There are different type of laws
and legislations that has to be followed by company. When these are not followed. Then
it affects the business negatively as people develop negative perception within their mind
towards products and services delivered.
 Environment factor :- In environment factor is to be see some change in environment
condition is give positive and negative both impact on customer. There are some threats
of pollution is give negative impact on working environment.
P.5 Internal and external analysis and influence the decision-making process
Business environment both internal and external factor is most important and improve
then level of carrying into action in market. Both the factor is direct impact on business operation
and make some changes in evolution in working surroundings.
 Internal analyses is help to identify the internal work or culture is to be give direct impact
on working environment. With the help of internal analyses is find out that some changes
is important to employees in organisation. To manage work, maintained profit and solve
conflict is most crucial part in internal work. Resources consider financial beginning,
physical resources like plant and machinery, human resources, impalpable assets
resources and taste root-age. The work is to be done with the help of such kind of factor
in working environment in TRACK GLOBAL GROUP organisation. Availability of
resources is most important part to find out the growth rate in market.
 External working environment is focused on some factors like political, social and
economic. Technology, environment factor is give direct impact on carrying into action
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and growth rate in market (Lee and Yang 2014). With the help of such factor is not
change by the organisation itself. This is identified the trend and give impact on
strategies' management in working environment. Some technology is to be changed as
per the need of the customer in market. A faster chemical phenomenon of message can
benefit business concern as they are able to change state quickly to modification within
their operational surround.
There are complete analyses of internal and external factor and make some improvement in
market and increase the market growth. This factor is give direct impact on decision making in
working environment and reduce the level of carrying into action in market.
Strength S1 There is one of the most important part
is vision is clear to increase the profit and
satisfy the needs of the customer in market.
S2 To be earn more and more profit and
increase the number of customer in market.
S3 On the other site, increase customer in
help to improve TRACK GLOBAL
GROUP organisation position in market
place.
Weakness W1 Imperfection is those factors connected
which establishment has to do more than
work so that it can better its capable and
susceptibility.
W2 Some location is one of the biggest
disadvantage in market and reduces the
level of growth.

P.6 Strength and weakness interlinked with environment factor
Some strength and weakness is both is environment factor and give direct impact on
carrying into action in market (Lee and Yang, 2014). Management is to be focus on some strange
of structure and make some modification as per the need of the customer in market (Schaltegger
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and Wagner, 2017). On the other hand, sudden changes give direct impact on market and make
some improvement in market condition. These are compared with other factors as follows:-
 Political and legal factor; - There both the factors are most important and make some
improvement in growth rate in market. Change in legal police is give direct impact on
worker and internal factor of the company. In this way, external factor is most essential to
solve such kind of problem in organisation and make some improvement in
commercialism condition. There are political change is rate or taxes for improve the
condition. In the same way, legal factor may be use some law in business for increase
market value and manage work or improve in organisations.
 Social and culture factor: - In social factor some change in taste of the consumer in
market is most crucial for modification the demand. TRACK GLOBAL GROUP
Company is focus on fulfil market condition and make some change for future
development. There are some culture changes and increase the market value as p[er ned
of market value will be improve or natural event the level of society.
 Technological factor: - To change in technology is most important part and update new
technology and remove old one in internal work place. It is managed the work and
addition effectiveness of working condition in market. To improve financial resources is
most essential part and make some changes as per the need of market. In this way, new
technology is give positive and antagonistic both the impact in market. If client is
satisfied with new merchandise in market, so help to addition in demand. But some time
give negative consequence if no one is interested with new engineering science in market
place.
 Environmental factor: - In environment factor is one of the most essential part to
indefinite quantity the market share and use natural resources for providing good and
services in market.
If establishment fails to identify its strength and imperfectness than it cannot examine macro
geographical area factors then it fails to theorise strategically design and plan of action
programme (Schaltegger and Wagner 2017). To improve the weakness and make some changes
in complete ingest demand by provision competent amount of trade good than it affects
gainfulness of the organization. Strengths and weaknesses is interrelated with external macro
factors as all the problems identified with the help of PESTLE analyses can be set as targets to
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make them solved. Further, strategies can be developed with the help of which strengths can be
raised. It is important for the firm to analyse the areas in which they lack and take up initiative
with the help of which they overcome them in effective manner.
CONCLUSION
As per the above report is focus on business environment and make some changes in
growth rate in market. In this report is based on one of the most important part to improve the
growth rate in market. This report is based on TRACK GLOBAL GROUP organisation. Form
the above report there are use some different types of organisation and mission or vision is most
important part to solve any problem on them. As per the above report Sometime mission
statement is find out the organisation value is most important and find out the any mistake to
decrease the level of growth in market. It is focus on provide a grate working environment and
treat each and every employees with the respect of dignity. Mission is one of the most important
part to solve them any problem in interior working geographical area. Form the above report is
most important part is internal and external both factor is most essential to solve such kind of
problem in organisation and make some improvement in commercialism condition. New
technology is assistance to increase the number of customer and make some changes as per the
need of the client in market place. In this way, internal and external both factor is most essential
to solve such kind of problem in organisation and make some improvement in commercialism
condition
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