This structure allows divisions to focus on a particular product or service with a leader. P4 Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples.. 04 P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses 06 P6 Explain how strengths and weaknesses interrelate with external macro factors 07 The organization can be various types which consist of public, private, and non- profit organization who operated their business operations in different ways. Smooth running of company is ensured by department of operations. 2014, "Payment Discipline in Business Environment", Procedia Economics and Finance, vol. It has business operations having 10,500 stores (approx.) Herbert Simon cited very practical and easy, In this day and age all individuals will have some affiliation with a business organisation. Amy grabbers as well Lamine design sports clothes as well footwear for company. Operations Management. While SWOT analysis, puts the emphasis on the internal environment (your strengths and weaknesses), TOWS forces you to look at your external environment first (your threats and opportunities). Interrelationship between macro environment factors and organisation's strength and weakness are as follows: Economic Factors:Economic factors include change in interest rate, inflation rate exchange rate in the market. These firms can comprise of shareholders, as well private company can issue stocks, whereas IPO (initial public offering) do not offer Stocks and public exchange do not trade in shares of stocks (Wetherly and Otter, 2014). Items related to various kind of sports are manufactured by an international German base company named officially as PUMA. The political involvement of bureaucratic administrators can boost their reputation with the public. Sethi, D. and Guisinger, S., 2002. Strengths and weaknesses come from the internal environment of the firm. The internal analysis of your organization should include its culture, expertise, resources, and unique qualities within the market place. Negative impact: Due to inflation in the particular country where M&S operated its business activities goes high, the customer disposable income is low in that country due to which the customer purchasing power goes down and they spend less on buying the products and services which creates adverse effect on the companys sales. Before making any business decision internal and external analysis should be conducted because environment in which business operates is an important part of planning. Question: LO4 Determine the internal strengths and weaknesses of specific businesses and explain teir interrelationship with external macro factors Select two organizations Apply SWOT model to identify strengths and weaknesses. External analysis is a process of analysing the environment in which organisation operate. Micro environment includes factors like competitors, suppliers, stakeholders, investors, customers etc and macro environment includes economic environment, technological environment, and cultural environment etc factors. and Zahra, S.A., 2016. International business and entrepreneurship implications of Brexit. LO 04 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors. Expert Answer. for the customer. Various games like extreme bike, skate boarding as well diving, these are contemporary and are popular, are of great importance in management of sports in companies as well in making strategy.in last few years, women are participating more in sports ,therefore their importance needs to be considered and fulfilled.it is evident form female athletes playing alone in fields.33% women in high school in USA are playing sports even women participation in sports has elevated three times in universities. In this assignment I will be explaining how two different businesses are organised the two businesses I will be choosing MacDonalds and Macmillan. Do you have a 2:1 degree or higher? Apple's best organizational features includes the sustainable and credible image. In such firms individuals become shareholders after purchasing of shares when they are offered to them. These factors may either be internal to a company or external. Most Affordable Assignment Service General Certificate Of Secondary Education Gcse, Postgraduate Certificate In Education Pgce Assignment, Business Environment Assignment - British Airways, Unit 1 Assignment on Business Environment Sainsbury PLC, Unit 1 Business Environment Assignment - Sainsbury Plc, Unit 1 ASDA PLC Business Environment Merit Copy, Unit 1 Communicating in HSC Organisations, Unit 1 The Contemporary Hospitality Industry, Unit 6 Business Decision Making Assignment Help, Managing Business Activities to Achieve Results Assignment Help, External Business Environment Assignment Help, Contemporary Issues in Travel and Tourism Assignment Help, Unit 1 Business Environment Assignment Sample - IKEA. .. P4) Look into positive and negative impacts of macro environment with examples on business. Daniels, J., Radebaugh, L. and Sullivan, D. (2015). 2016). clothing for men, teenagers, women and teenagers. Apply TOWS (SO,ST,WO.WT) and justify how they influence decision making Finally Evaluate using your own judgement and opinion how These are discussed below: Size: It is one of the biggest supermarket chains in the retail industry which deals in variety of the products like foods, household items, clothing, and other useful items which are needed to the customers. Interrelationship with the strengths and weakness of the macro environment which is affecting the decision making of the business (Bryman and Bell, 2015). Company sustained status is improved by studying environment of business. LO 03 Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations. Whereas, in relation to problems of environment, more people as organizations are focused on them. Under this each employee works in a function based department such as marketing or human resources and they will have to work under a team on a particular projects. How stable is the political environment in the country? Only an individual is liable to own, profits rights, paying debts, control. Experts are tested by Chegg as specialists in their subject area. In the chapter, the role of the public is discussed as an important attribute to the success of these agencies and administrators. Some other political elements consist of tariffs as well restriction trade. It will also discuss the different ways that global factors and market structures can impact each of those companies. Operations of business are influenced by regulation as well policies of government. SWOT analysis is a dynamic part of an organization's business and management development process. How strengths and weaknesses interrelate with external macro factors? Question: P5 Conduct internal and external analysis of specific . . government structure in an economy namely, state, national and local government (Burayidi. In understanding micro and macro environments a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is commonly used in retail. It has 950 stores in U.K. and also has a turnover 1 billion pound. Also, we have experienced assignment writers who can provide the best and affordable assignment writing services, essay writing services, dissertation writing services, and so on. By no means can you say universally that government organisations have more complex cases and certainly not on a ratio of four. At first, an analysis was made of the macro-topics analysed. Inside as well outside environment of business consist of elements which has influence on management, workers as well clients and companys performance is known as environment of business. .. P1 Different types and purpose of organisation. Positive impact: The rules and regulations in not very rigid for the foreign companies then the company can establish their outlets in easily manner and makes the profit and sustainable growth in that country. Various sections like, motorsport, training as well running, football as well golf items are offered by it. Organisation structure involves arrangement of line of authority, communications, rights and responsibilities at different level in the organisation. Majority of health services that include emergency care, daily checkups with excepting few services rest all are provided to general public of UK without any cost, because its main focus is to provide health services to everyone belonging to all socio-economic class. During 1948, first logo of company comprises of a beast jumping through a d as well square. If your specific country is not listed, please select the UK version of the site, as this is best suited to international visitors. includes both country and municipal government structure. Various kind of political elements are noted during restructure as well change process. The sports and event business environment refers to all the factors which affect INTRODUCTION The rules and regulations affect on the business in the positive and negative manners. Though the internal resources (i. strengths and weaknesses) are the fuel for any organization, external factors (i. opportunities and threats) are the road to reach organization's short term goals and long term vision. Companies run business activities in private sector, helps nation to strengthen its GDP by creating more and more job opportunities. This analysis includes: On the basis of internal and external analysis Organisation may find its strength and weakness which may include following: Strength and weaknesses of the business organisation are related with macro and micro environment factors. For this, financial strong foundation needs to be building up. We have established a strong reputation in online education and tutoring services. P6 Interrelate strengths and weaknesses with external macro factors. In the external environment new risk factors are arises regularly and they difficult to identify for the managers of the business. Various kind trading firms exist these have varied disadvantages as well advantages. Newsagents, hairdressing etc. Under functional organisation structure subordinates are managed by experienced personal that has speciality in the same field and company will also receive advantage of such expertise knowledge. (P5) P6 Apply a SWOT or TOWS analysis to your organisation to identify their key strengths and weaknesses. Micro as well macro factors of environment are connected with strength as well weakness of organization. Funds as well structure related, there exist a status that is dual structured by partners (Sethi, and Guisinger, 2002). Furthermore, these factors may either be . But this structure has some drawbacks like:one functional department having difficulty in working with other departments for the same objective, this structure can also create competitive environment in the organisation between different departments. Economical Factors: The economical factors include level of government spending, avenues for capital creation, government outlook towards interest rates, banking finance, exchange rate mechanism, inflation etc. But divisional organisational structure may invite office politics rather than strategic thinking which shares and provide view over achieving organisational objectives. NGOs can also run them. Therefore, the management of M&S should necessary to determine all such factors of macro-environment in thoroughly manner and accordingly prepare the policy and strategy which is acceptable by all the countries environment and try to overcome this changes and managers also decreases the negative impact of these factors on companys planning policies (Cotter and Fritzsche, 2014). PESTEL(Political, economical, social, technological, environmental and legal) analysis is carried. 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