Unit 1 Assignment on Business environment

 

Business environment refers to the business surroundings and includes the factors which affect the business. The business environment is the internal as well as the external factors of the companies which affect the functions and the operations of the business. These factors include the employees, customers, managers, supply and demand. Some of the government decisions affect the business.

In this Unit 1 Assignment on Business environment, the different organisational environment and the different organisational structure and their impact are discussed. This assignment aims to understand the organisational structures of different organisations and the environmental implications and influence of these on the business functions and the structure.

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The various advantages and disadvantages of the interrelationships of the organisational functions of the above-mentioned organisation are discussed below.

Interrelationships of the organisational functions: Interrelationship means the relationship of the functions of the organisation and their dependency on achieving the different aims of the organisation. The organisations have different departments and these departments have different functions. The functions of the organisation together complete the targets and achieve the organisational objectives. The functions and the operations of the organisation are interdependent and the chain of command and the chain of responsibility provides the relationship of the organisational functions (Cai, et.al, 2011).

The Arcadia group is a retail clothing company which includes the different activities or functions of the business organisations. The organisation has the marketing, sales, finance and human resource activities which are to be maintained in accordance to achieve the maximum objectives of the organisations. The various advantages of the relationship between the organisational functions are:

• Staff are maintained by the different functions according to their speciality and the different functions help to increase the managerial skills and efficiency of the work.

• The company's expertise in managing the different activities together and the relationship between the functions helps to provide a better understanding of the functions.

• Employees get the chance to work with others and to understand the different job roles which enhance the skills of the employees (Cai, et.al, 2011).
   

The various disadvantages of the relationship between the organisational functions are:

• The complexity of the organisational structure can increase and confusion regarding the job will be created.

• The failure of one function or the operation will lead to its effects on the other functions too which will be a loss to the organisation.

• Misunderstandings or misconceptions of the different departments and their functions can create work stoppages or hurdles in the functions of the organisation.
   

Impact of the organisational functions on the organisational functions:

The organisational structure is the design of the organisational departments and the organisational functions. The organisational structure is affected by the organisational functions (Song & Singh, 2013).

The organisational structure includes the different departments of the organisation and the different departments of the organisation are allotted with the different functions which are motivated towards the achievement of the organisational objectives. The different departments have various goals or aims to achieve. If the one task and the objective are not achieved by the organisation department it will affect the whole organisation. The structure of the business is designed in a manner to interact within the organisational structure and if any one department fails in the accomplishment of the objectives then the whole organisation suffers as they rely on each other. The dependency of the different functions on the organisation has various effects on the organisational structure (Song & Singh, 2013).

Part-2

Section 1

(a) The organisation chosen is the Arcadia Group which is the retail business of clothing and profit organisation in Uin The different macro-environmental factors impact the organisation and the organisational operations or the functions. The various factors that affect organisations are:

• Political- Political impact on the organisation or the business is the factor which is related to the political situation of the country. The positive impact of the political factor is that they provide promotions to the business. The negative impact of the political factor is that they create a stressed and intense environment in business opportunities to grow or decline.

• Economical- Economical factors have a crucial impact on organisations. The negative impact of the economy is that the higher inflation rates increase the price of the products and the deflation lowers the profits of the business which affects the organisation's operations. The positive impact of the economic factors is that they provide the demand and supply analysis to the business which can be controlled.

• Socio-cultural- The socio-cultural factors are those which affect the organisation so much. Being the clothing company the Arcadia Group affects the social and cultural background of the country because the company needs to design the products according to the customer’s cultural background and social background. The organisation needs to be very specific in maintaining the cultural values through their products and the values of the people should not be hurt by the organisation to run effectively (Hedin, et.al,  2014).

• Environmental- The environmental factors are the SWOT of the company. The strengths, weaknesses, opportunities and threats of the organisation are the important factors which affect the organisation. The organisation for better performance and a better position in the business should have a proper analysis of the organisation and the strengths, weaknesses and opportunities, threats of the organisation. This helps to understand the factors that can affect the organisation and to cover the aspects and take measures to cope with these factors.

• Legal- Legal factors are the legal implications of the government that it puts on the country and the business operating in that country gets affected. The tax laws, the import and export policies, the international trade laws and the different laws related to the business or the organisation which affect it are the legal factors.

• Ethical- Ethical factors are the factor which affects the organisation including business ethics. The ethics that the business should maintain are the environment and its protection. The business should have effective customer satisfaction (Hedin, et.al,  2014).

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Section-2

SWOT analysis is the examination and assessment of the strengths, weaknesses, opportunities and threats. The SWOT analysis is the assessment of the internal and external factors of the organisation which influence the organisation and can affect the organisation. The SWOT analysis is the factors which play a positive role if analysed or assessed by the organisation. The organisational strength, its weaknesses, the upcoming opportunities it has and the threats which can affect the organisation in future is the SWOT analysis of the organisation. The SWOT helps the organisation to identify the factors which affect the organisation and to find out the strengths, weaknesses and opportunities as well as threats of the organisation (OANA & MARIOARA, 2014). The Arcadia group had a SWOT analysis which resulted in:

Strength- The strength refers to the advantageous factor of the organisation which can affect the organisation in a way that the positive aspects of the organisation can be identified. The Arcadia group produces clothes for the women, men and the kids. The strength of the Arcadia group is that it can provide epic designs of the products to attract more and more customers. The designs and the quality of the company products are the strengths of the company.

Weakness- Weakness is the negative aspect of the company which can affect the company operations and profits adversely. The weakness of the Arcadia group is that it has fewer employees or staff compared with the stores which affects the company’s achievement level of the objectives. The prices are also the factors which affect the company (OANA & MARIOARA, 2014).

 

Section-3

The external macro factors are the political, economic, social, environmental, technological and legal. The company’s strengths are affected by these factors as these factors are considered non-controllable and the political implications the legal factors or the technological changes affect the organisation and its operations the strengths such as its quality and variety get affected by this as well as the weaknesses of the organisation such as the employees and others get affected by such implications (OANA & MARIOARA, 2014).

 

Section-4

External analysis

• Political- The political factors are the political situation of the country which has political implications on the businesses of the country. The political parties and their opinions regarding business and the different types of democracy of the country affect the organisations of the country. The positive impact of the political factor is that they provide promotions to the business. 
  
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• Economical- The economic factors of the organisation are the demand and the supply of the country, the competitors and the environments of the different policies such as fiscal policy, and monetary policy are included in the economic environment, the inflation and the deflation rates and the interest rates of the country. The economic factor affects the organisation's operations negatively as well as positively.
   

• Social- The socio-cultural factors are the social and cultural background of the country and its people. The social background and the cultural values of the country affect the organisation's operations (Campbell, et.al, 2014).
   

• Technological- The technological factors are the factors which are related to the technologies and the techniques. The organisation is affected by the new technologies in the market and the various new techniques to conduct functions.
   

• Legal- The legal factors are the laws and the rules the government decide to imply on the country and the business. The laws of the country and the legal implications of the organisation affect the organisational operations and functions.
   

• Ethical- Ethical factors are the factors which affect business ethics and the values which affect the organisation and its operations very much. The ethics that the business should maintain are the environment and its protection (Campbell, et.al, 2014).

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Internal analysis

• Strength- Strength is the factor of the organisation which can give fit to the organisation. The strength of the organisation affects the organisation in a positive way.

• Weakness- Weakness is the negative factor of the organisation. The weakness is the factor which affects the organisation adversely and has the worst impact on the operations of the organisation.

• Opportunities- The opportunities for the companies are that they have the vast exploring place of the world where they can set up their brand and provide their products to customers all over the world or internationally.

• Threats- Threats are the facts which the organisation have to face in the world of competition and which can affect the organisation. Any company operating its business in the market has a superior threat with their competitors and the same industry’s companies (Helms & Nixon, 2010).

 

Reflective essay

In my opinion, the macro environment of the organisation which is uncontrollable has a huge impact on the organisation's decisions. The macro factors such as the political as well as the legal implications, the economic and the technological are such factors which cannot be controlled by the organisation. The decision-making of the organisation is affected by the factors affecting the business. The organisation should consider all the factors and aspects which influence the business operations and functions while making decisions to have the proper analysis of the threats and the risks the organisation can face in the coming future.

As the above report has depicted the impact on the organisation of these factors is very drastic and has a huge influence on the business. The political factors include political implications or the party’s conflicts which affect the organisation in managing the operations of the business and the objective of the organisation. The legal implications are the different laws such as international trade law, taxation policies, monetary policies, and business laws of the country which affect the organisation's decisions related to international business etc.  The technological factor is the aspect which is uncontrollable and has an influence on the organisation (Campbell, et.al, 2014). The organisation's decisions are affected by the change in technology as the organisation has to be upgraded to be in the first position in the market. The other factors such as the social, economic, and environmental factors are also the factors affecting the business operations and the decision-making of the organisation. The business has to take into consideration the values and beliefs to serve the country and to respect such beliefs to gain a competitive advantage in the organisation. The customers should be taken into confidence and should decide the strategies to grab the attention of the customers. The organisation should also take care of the internal factors such as the strengths and the weaknesses as well as the opportunities and the threats of the country to gain the maximum benefit (Campbell, et.al, 2014).

 

Conclusion

By this report, we can conclude that the business environment consists of different factors which affect the organisation and they are the political, economic, social, technological, legal and environmental factors which affect the business operation as well as the decisions of the organisation. The organisational factors such as the strengths, weaknesses, opportunities and threats of the organisation affect the business in a manner to provide an adverse impact on the organisation and its efforts.

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