Business and Business Environment: A Report on Castor Sports Company

This report examines the business and business environment of Castor Sports, a British sports fashion retail company based in Manchester, England. The report begins by outlining the sub-sectors within the sports industry, including private, public, and voluntary organizations, and provides a fact sheet detailing Castor's background, products and services, size and scope, vision, mission, objectives, legal structure, and stakeholder analysis. The main body of the report analyzes various business functions, such as human resources, marketing, and operations, and explores the interrelations between these functions. The report also discusses the advantages and disadvantages of the organizational structure. Furthermore, it provides an overview of political and economic factors influencing the company's operations. The report concludes with a summary of the key findings.

BUSINESS AND BUSINESS
ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
PART 1............................................................................................................................................3
Sub-sectors and different types of organizations in the sports industry......................................3
Fact-sheet which is related with the details of the company.......................................................4
Analysis on different functions of organization and the interrelations of different function 200
.....................................................................................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................7

INTRODUCTION
Business and business environment considered as the sum of all the internal as well as the
external factors in which it clearly included the demand and supply, customers and the
employees. There are the different factors in which it is affecting the working criteria of the
business in an indirect and direct way (Baroutaji and et.al., 2019). Castor will choose in this
report, as a British fashion of sports which is a retail company and situated in Manchester,
England. The current report will provide the overview of the public, private and voluntary
organization. It will also include the functions which are interrelated with the different
management function as well.
MAIN BODY
PART 1
Factsheet
Sub-sectors and different types of organizations in the sports industry
There are the different type of Sub-sectors in which it is present in the sports industry
of the UK. It is playing an important role for the development of the business and also helps to
enhancing its productivity as well. The sub sectors which are includes the private, public and
voluntary organization in which all it has a different type of the purposes which are making
them unique.
Private sector
Private companies are the one who has a transparent motive which increases
organization's profitability as well as to generate maximum productivity of the company. The
private organization are not the one who offers their shares to the public and also do not have
an involvement on the stock exchange. There are many listed private sports companies are in
the United Kingdom (Waseem and et.al., 2020). Genius sports is the private company in which
it has a very clear motive towards its marketing is to provide the better quality products to its
customers with the good services. The main aim of the company is to make a deep relationship
with its customers and increases and increases the overall productivity of the company
automatically.
Public sector
The public companies are the one whose business is spread into the country at the large

number and always operates its business ate the higher level as excepted the private
businesses. These public businesses provide their market share direct into the different market
which generate the more opportunity in which it has a contribution over the localities as well.
It also helps to enhancing the market share responsibility in overall market share in such
different kind of the business environments. As the Castor is a public limited company in
which it has a business which are spread over the worldwide. The business is growing rapidly
and have a positive influence which are attracting the more consumer base towards their
market.
Non-profit sector-
There are the several companies which are involves in the sports industry which have
major aim to provide useful products to the customers with the help of spreading the
awareness to use the safe products (Pllana and Dhamo, 2021). There are different kinds of the
groups and many clubs and Sports Aid is one which are providing these facilities to fulfil the
needs of the people as well as enhances the profitability of the company as well as to increases
the interest level of the consumers as well.
Fact-sheet which is related with the details of the company
Background
Castor is the organization which is very famous in order to make a specific market
share which are created in the business environment. Organization has best brand image in
which it provides the higher quality of products in which it has a positive image which have a
more advantage over the business. Although, the company has achieved its goals and it has a
better sustainability which helps with the better consistency in the different market segments.
Product and services
Organization has a productivity in the market with its sports equipments and sports
fashion In-store branded products and gym accessories are necessarily included by the
business in their products and services. It has a proper market position in which it
automatically generates the high quality of product in which it also enhances the productivity
as well.
Size and scope
Castor is public limited company in which has a spread at everywhere and it is working
as a medium-sized sports company in the UK. Due to its products and services it has a relevant

marketing position in which it counted as a famous industrial in the whole country. As well as
the scope of the business are easily identified for the positive market era in which it is getting
famous and people are prefer more products and services.
Vision, mission and objectives
Vision -
Castor has a better vision for its business in which it also counted as a best sports brand
in the international business. It also helps to enhancing the customer experience in which it
helps to increase the productivity as well (Wu and et.al., 2020). The business is more focussed
towards expansing its business globally which will help to strengthen its platforms.
Mission-
The mission of the Castor is to expanding its services to the globally and different type
of the markets in which it is also beneficial for the business to have a better growth as well as
to generate the productivity as well.
Objectives
 To enhancing its overall productivity which helps to increase it profitability as well and
it increases the business practices as well.
 To connect with the customers and knowing their basic needs.
 To improve the E- commerce platforms within the year and helps to increase the proper
facility to its customers.
 To providing different kind of services and products in which it increases the brand
awareness towards the customers.
Legal structure-
Castor is counted as the public company in which it is operated in the UK with
following the specific laws in the business environment (Stecher and Soto Roy, 2019).
Organization is simply operated by the different type of professionals which will help them to
increases the product quality and provide better services to them. The stock of the organization
are listed with the London stock change.
Stakeholder analysis
The stakeholder of the organization are the directors, employees, customers, owners
and the suppliers who are majorly influencing every decision-making process of the company.
It is simply considered as the normal part of the business and it is very concerned with the

different type of activities and the decisions.
Analysis on different functions of organization and the interrelations of different function
Business functions are following:
Human resources- from the recruitment to managing the resources are the only
responsibility of the human resource in the Castor. There are the different activities of the
human resource department in which it identified the needs and demands of the employee and
full fill it.
Marketing- there are the major activities but it has a different market activities which
involves the marketing, sakes and services and the other market research as well. The
customer's needs are identified with the market research which will helps them to know about
their needs.
Operating- while producing the goods and providing the better services are the
responsibility of the operations and it also a part of the production process. There are the
activities which are conducting in this business is to effectively achieve the different level of
the business.
Finance and accounting- for managing the different kind of the financing and
accounts are the only responsibility of the finance department. Such activities which are
managed by them is the payments which are on the and the different transactions of the
business.
The interrelation of the business function and benefits
There are the different type of functions which are interrelated with each for achieving the
specific goal.
 Human resource are basically interlinked with the finance department in case of any
salary related problems occur then they can resolve it.
 Finance department are interlinked with the operation department in which it has a
purpose to invest in the better projects (Kimijima and et.al., 2021).
 The department of the operations are interlinked with the marketing department in case
of understanding the different number of goods and services are having.
 The marketing function are interlinked with the human resource department as to
hiring the candidates for the better marketing.
Advantages and disadvantage

Advantages-
 The training facility are available and the is significantly providing to the employees.
 If the efficiency of the work increases then automatically it increases the profit of the
organization.
 Organization can easily achieve the specific goals and doing better grouping which will
help the employees to the better specialization for completing the work effectively.
 It simply helps to avoid the different kind of the duplications in which it managed all
the functions as well.
 It also increases the coordination between the departments and the employees.
Disadvantages-
 In the organization there can be a conflict between the employees to employees and the
productivity of the organization can also be affected by that conflict.
 The project status are not defined by the clients as the people are managing their work
on the different basis.
 There are no unity between the people of the organization.
 It the task will not be completed on the time it can be had a disadvantage in the
operations.
PART 2 will be continued in presentation
CONCLUSION
From the above report, it has been concluded that strategies and actions are the one
which helps to analysis the competitors of the organization in which it affects the process of
the business environment as well. Also, the report has been identified that for maintaining the
finances and accounting the finance department interrelate with the other departments. To
engage the employees with the different department as well as the human resource are the one
who helps with the recruitment as well as the managing process. Whereas, the proper
management can help to overcome the different barriers which are occurred from the
management. Further, Castor is the one who is the public limited company as well as it is able
to capture the business in effective way.

REFERENCES
Books and journals
Baroutaji, A., and et.al., 2019. Comprehensive investigation on hydrogen and fuel cell
technology in the aviation and aerospace sectors. Renewable and sustainable energy
reviews. 106. pp.31-40.
Waseem, M., and et.al., 2020. Electrical demand and its flexibility in different energy
sectors. Electric Power Components and Systems. 48(12-13). pp.1339-1361.
Pllana, N. and Dhamo, S., 2021. The impact of assistance in development of different sectors of
the economy-the case of Kosovo. The Business & Management Review. 12(1).
pp.219-230.
Wu, J., and et.al., 2020. A method to evaluate building energy consumption based on energy use
index of different functional sectors. Sustainable Cities and Society. 53. p.101893.
Stecher, A. and Soto Roy, Á., 2019. Crisis and transformation of occupational identities in three
sectors (retail, mining, state): contributions to understanding workplace subjectivities
in neoliberal Chile. Subjectivity. 12(4). pp.309-332.
Kimijima, S., and et.al., 2021. Time-Series Assessment of Camp-Type Artisanal and Small-Scale
Gold Mining Sectors with Large Influxes of Miners Using LANDSAT
Imagery. International Journal of Environmental Research and Public
Health. 18(18). p.9441.

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