The scenario of this report states that you are appointed as a business analysis of the large organization in the UK, the investigation had to be carried out on size and type of business and current competition scale.
- Assessment of different size and scope of business.
- Determining interrelationship of Walmart and their link with business structure
- Determine the positive and negative impact of the macro-environment on business activities including examples.
- Provide strong and weak factors of Walmart and its interrelations with exterior macro factors.
In an organisation, the business environment required to analysing two factors such external and internal factors which directly or indirectly impact on business operations and its functions in better manner. This has been considered as different components which are present in the business environment and utilise for giving wast level of affect on whole factors which are associated with units of the company, their nature, cost of effective products, standards, administration and positioning and many more. In fact, growth and success of the business are adopting appropriate growth and success in proper manner. They are operating and regulating effective business operations and their functions for managing all activities (Cantwell and et. al., 2010). It includes an external and internal component which does not controllable by organisation and help in solving major issues and problems. The report is based on WALMART company which is situated in united kingdom. In this assignment, there are various types of company size, scope and legal structure of such companies. Apart from this, they are determining the impact of macro and micro situations, swot and pestle analysis has been conducted in effective manner.
P3 Relationship between different organisational functions that link with organisational objectively and structure
Organisation could handle and emerge their structure of the company along with the diverse operational environment. In an organisation, an individual completed their work for fulfilling their organisation target and efficient pre-set targets (Cavusgil and et. al., 2014). For controlling diverse division surroundings and helps in emerging sound link along with their clients. There are diverse kinds of divisions that needs to handle communication and link via Wal-Mart that are elaborated as mentioned:
Research and development department- This is crucial division of the Wal-Mart that operates for assessing top level position of the market along with the support of implementing various scientific tools and policies that totally based upon the research and development projects. Remaining division of the firm organisation are completing work as per the need of the research reports for productivity and profitability throughout an organisation
Marketing division:- Nowadays, reputation of different merchandise and services of organization which will assume an essential part in making and keeping up capable connection with clients by sharing and giving right data in regards to their successful items and administrations for utilizing diverse strategies and channels Chavis, Klapper and Love, 2011). A venture showcasing, deals, budgetary office and items which can conveyed by clients in given day and age that incorporates promoting office, produce area which can-not give help towards firm achievement and advancement for making high profit.
Manufacturing division: This is the most effective division of the cited organisation as this would assist in forming various innovating products and offer to their pre-set consumers. If the consumers return back the buying goods so that action would directly influence financial development and sales. This will likewise influence on the purchasing ability towards organisation’s innovative goods and services in an efficient manner. This would also lower goods costs which directly influence on the organisation productivity.
Human resource management – It is very essential division of every firm because this will play an important role in operating and regulating their business operations and functions in better manner. Along with this, human resource department creating and developing effective environment in which staff members provide effective services and facilities for accomplishing desired targets and goals in future period of time (Chesbrough, 2010). The major aim of this firm is to conduct training for their employee which help them in increasing their skills and abilities in better manner.
Accounting and finance department - It is another department in which company manager operated and managed their all required data and information that are associated with business operations and its major functions in effective manner. this is that division which mange and operate all business activities and functions in the company that assist them in set accurate priorities for providing them accurate finance as per their necessary needs and wants at the large market place. On the other hand, they are perfuming effective activities and operations which help them in giving best financial operational activities in the firm. This department works for managing and controlling all cash flows and developing appropriate budget reports properly. Along with this, the main motive of this division is to manage and maintain all financial budgets in accurate way.
P4 Identification of positive and negative impacts of macro environment on business operations
In current time period, each firm is doing working as per the market demand and also analyse external and internal environment which directly affect on employees as well as organisation performance in better manner (Chow and et. al., 2011). Therefore this will affect the decision in strategy which is making by company in effective manner. This involves different types of factors such as political legal social environmental and technological. With the help of this external risk are a major challenge which occurs within an organisation and create various types of issues and problems. On the other hand such factors are help in providing correct direction by which company will easily adopt potential growth and success level for the company. The Wal-Mart is the glossary store and they are doing work for satisfying all customers needs and wants in proper manner.
Political and legal factor - This type of factor mainly based on government strategies, activities along with major changes which directly effect on company process and performance. In the current time period it can be identify the legal factor and look forward for government rules and regulation.
Positive impact - These law and regulation provide stability in the country and reduce negative approach.
Negative impact - Authority is such that regulate various protocol which assist company in implementation of new process.
Economic factor - These are such factors which are based on economic condition of the country and this is directly effect on their performance. This feature is straight force on administration productivity and predictability (Commander and Svejnar, 2011). Financial issue includes price rises, sales, tax rate, exchange rate, etc. Wal-Mart needs to increase and control their commerce activities in other nation so that the company director requires maintain and s