University of Bolton: Wilko and Its Environment - Business in Practice

This report provides an analysis of Wilko, a retail chain specializing in homeware and household products, examining its internal and external factors. The internal factors discussed include financial aspects, labor management, and employee relations, and their impact on the business's profitability and customer base. The report also delves into how Wilko is affected by external factors such as economic, legal, and technological influences, emphasizing the importance of adapting to these elements for business development. The analysis covers both micro and macro environmental factors, including competition and customer behavior. References are provided to support the analysis.

Introduction
Wilko is retail chain which sells the home ware and
household products. The company also sells their
products according to the seasonal products
through which the organization can have the high
profits and this could make their more customer.
This report explain about the external and internal
factor of organization along with the company
impact over the external environment.
WilkoAnd Its Environment
How the company impact its
context External Environment
Wilko must be have the knowledge about the high skills
and make sure about their working employee along with
the customer through which they can have the profits.
Furthermore, this might be also important that economic.
Legal and technology factor must be have the impact over
their business. Laws must be follows by the organization
through which they can easily make sure about their many
things which seems to be important for having the
development. While having the better technology in the
organization, the customer profit will be increased and
make their more market place.
External Environment
External factor can be effected by micro and
macro factor. While through which the economic
and political facto, technological factor which
might be important in having the proper
development. Customer and competitor through
which the business can be easily effected and
make sure about those things which might be
important in having the growth of the
organization.
Internal Factors
In company the internal factor that might by
effected by having the financial, labour
management, the relationship between worker and
co-worker. While through which that could be have
the main impact over the business and make sure
about more value in which organization can work
for having the profits and make their large size of
customer along with better employee relation.
References
Rayevnyeva, O. and Touzani, T., 2020. Models
Of Forecasting Of Enterprise’s Behavior In Non-
Stationary External Environment. Studies of
Applied Economics. 38(3 (1)).
Yang, J. and Basile, K., 2021. Communicating
Corporate Social Responsibility: External
Stakeholder Involvement, Productivity and Firm
Performance. Journal of Business Ethics. pp.1-17