Business Operations Report: Impact of External Factors on Business

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Added on  2023/03/16

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This report provides an overview of business operations, beginning with a discussion of public and private sectors, and the factors influencing business success. It then delves into the structure of enterprises, highlighting the importance of customer service and its impact on business performance. The report uses John Lewis as a case study to illustrate the influence of external factors, such as political and economic policies, on a business's operations and profitability. The report also explores the benefits of customer service and the importance of retaining customers. The report concludes by emphasizing the need for effective management and the importance of considering environmental factors when making business decisions. The report also includes a list of references.
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How Business Operate
(TASK 1 & 5)
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TABLE OF CONTENT
Introduction
Classification of enterprise on the basis of private and public sector
Structures within the enterprise private and public organizations
Implications on enterprise at global, national and local economic
environment
Impact of customer Service
Benefits of customer service
Conclusion
References
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INTRODUCTION
This factors which impacts on organisation operations are the
combination of external as well as internal environment of
enterprise. It involves government activities, laws, technology
development, competitors, stakeholders etc. Hence, for
introducing business operations successfully, an managers of
industries require to initiate actions which aid in providing affect
of these components in a positive manner
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Classification of enterprise on the basis of
private and public sector
Companies of public sector are classified on the context
of central and state basis. This domain institutes comes
within the government control as well as manage by
committee of internal department.
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Structures within the enterprise private and
public organizations
Structures of enterprise organisation in United Kingdom are
classified on the context of-
Sole proprietorship
General Partnership
Limited Partnership
Corporations
Non-profit organisations
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Implications on enterprise at global, national
and local economic environment
John Lewis is an retail organisation of United Kingdom
which run their enterprise in various locations of United
Kingdom. It is having 50 stores and employed 38,100 numbers
of workers are working within their firms. It sells goods iPads,
Beds, Sofas and online fashion within international
marketplace. Because of having a higher workers commitment
it operate enterprise in an proper manner. Factors of legal and
political, it affect business are as follows:
Political Factors
Economic Policies
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Impact of customer Service
Whether it is service industry or retailing manufacture,
consumer play vital role in the success of business organisation.
Through delivering more satisfactory and effective consumer
services along with purchased products and service, the enterprise
can manage the brand recognition within the global market
leading to more profits in industry.
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Benefits of customer service
Retaining and sticking previous as well as present consumer with the brand
and its products, is a complicated procedure. But, company can achieve
this goals, enterprise can enable itself in managing higher consumer sales
and numerous sales amount within company. In regard of John Lewis,
delivering effective consumer services can aid firm in following way:
Confront higher cost
Creating niche
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CONCLUSION
This assignment affirm how organisation's owner operate the
activities of business in regard of achieving success in short interval of
time. Beside this, to function a firm, whether it is small or large, this is
essential for management to evaluate the environmental factor influence
that affect them sales performance of organisation in both negative and
positive manner.
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REFERENCES
Adjei, H., and et. al., 2014. Assessing the Corporate Social
Responsibility Activities of Atwima Kwawoman Rural
Bank Limited and its Impact on the Communities it
Operates. European Journal of Business and Innovation
Research. 2(4). pp.36-47.
Amit, R. and Zott, C., 2015. Crafting business architecture:
The antecedents of business model design. Strategic
Entrepreneurship Journal. 9(4). pp.331-350.
Bernstein, M. H., 2015. Regulating business by independent
commission. Princeton University Press.
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