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Business and business environment Assignment 2nd Sample

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Introduction

The reported work addresses the suitable understanding of the different purposes and types of the organization along with the legal structures adopted by the various organization. Besides, he reports work embarks alignment of the scope and type of the organization along with the attainment of the objectives. For the elaborated command the reported work highlights the suitable relationship to enhance a suitable set of the organizational structure. Apart from that, the reported work highlights on the addressing of the positive and negative aspects associated with the micro and macro factors to ensure smooth and systematic operations. For the conduct of smooth and effective command, PESTLE and SWOT analysis have been conducted along with strengths and weakness to have better attainment of the objectives.

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Task 1

LO1 and LO2

Presentation

Slide 2: The presentation illustrates a suitable understanding of the various purposes and objectives associated with the different types of business organizations. Also, the presentation provides a deep and effective overview of the size and scope associated with different forms of organization (Li, 2016). This will ensure the attainment of a suitable command on all the facts and aspects. Additionally, the permutation elaborates on the relationships between different organizational functions to integrate them correctly. This will assist the authorities in the attainment of the objectives in an effective manner.

Slide 3: The presentation addresses the understanding of the different types of organizations. It has been elaborated that the authorities are required to address and understand various types of organizations in accordance with the objectives (Pan, 2016). There are three types of business organization that includes private, public, and voluntary sector. These sectors have different scope and range of working patterns. As such suitable understanding can be gained by the authority concerning the attainment of the objectives. Apart from that size of the organization is also to be given prime importance (Rastogi, and Trivedi, 2016).

Slide 4: The slide of the presentation elaborates that the public sector organization is owned and controlled by the government organization. It has been embarked that the public sector organization generally has lower charges in comparison to the voluntary and private sectors. The main objective of the public sector involves the protection and conversation of heritage and resources. Further provided, this sector ensures to have less focus on the aspects of advertising and marketing activities. Additionally, the proper focus is to be made by the authority concern on the understanding of the concerned sector.

Slide 5: The slide of the presentation elaborates on the focusing benefiting the public without any prime motive of earning revenue. However, the main objective of the concerned sector is to ensure the utmost satisfaction to the members as well as customers. Besides, it has been addressed that the scope of the voluntary organization is limited (Rastogi, and Trivedi, 2016). Apart from that, the source of such a voluntary sector organization depends mainly on the subsidy received from the government and other charitable institutions. The authorities must ensure proper command on the understanding to make appropriate judgments.

Slide 6: Based on the structure there are three types of the organization that is the public sector, private sector, and voluntary sector organization. Their slide of the presentation embarks on a suitable example of the different types of organizations. Example of such organization includes Public structure: The Standard, Private structure: Travelodge UK and Voluntary structure: Ihalondon. This will assist the authorities in a better understanding of the objectives and a better and suitable decision-making process.

Slide 7: The concerned slide of the presentation elaborates that every business organization has different objectives and goals. For the attainment of such goals, every organization carries a series of functions that are interrelated to each other. As such it becomes crucial that the authorities of the company focus on the effective formulation of the functions so that they are related to each other. This is necessary to ensure that all the activities and operations can be conducted efficiently. Apart from that various types of organizations are also required to focus on the aspect that all the functions are conducted in a sequence and systematic manner. As such suitable measures are required to be adopted (Li, 2016).

Slide 8: The concerned slide further elaborates that it has been addressed that the function of one department is directly related to the other department. Further provided, it has been identified that to attain the objectives and goals of the company there is a great need that the appropriate focus is made on the interrelationship between these business oriented functions or activities. Apart from that, the authorities are also required to have the proper focus on the scope for every activity so that the planning activity can be done properly. This will lead to effective decision making with respect to the forthcoming activities.

Slide 9: The concerned slide elaborates that apart from the classification of the organization based on structures, another medium that can be addressed on this respect of the classification of the organization include the size and scope of a business concern. It has been addressed that the size of the organization can be classified as a small, medium, or large organization. The objective associated with these organizations varies in a very elaborative manner. Besides the scope of the business, the entity is also considered while distinguishing the type of the organization.  The scope of the activity provides for the ambit within which the business operations are required to be conducted. As such the authority concern must ensure to focus on the size and scope of the organization to attain the objectives in a better and effective manner.

Slide 10: The concerned slide depicts the apt relationship between the size and scope of a business organization. The presentation elaborates that there is a direct relationship between the size and scope. However, it has been addressed that the higher the size of the organization, the higher will be the scope. As such to have proper command it is required that the authorities ensure to have a proper understanding of the size and scope of the organization.

Slide 11:  The slide of the presentation enhances the series to the advantages that can be gained by the organization's concerns with the suitable command on the interrelationship between the organizational functions.  Series of the advantages that can include: the organization can attain the objectives with the synchronization of different functions of all the departments, ensure strong and cordial relations among the employees working at various levels. Further provided, ensures fewer chances of fraud that assists in better realization of the objectives.

Slide 12: Apart from the series of the advantages, some factors can lead to the disadvantages that include: hindrance in the achievement of overall organizational goals and objectives, difficulty in the identification of the defaulter, or the person who is responsible for fraud or error. Apart from that excessive interrelation among the function can lead to chaos and confusion. As such, the authorities are required to have suitable measures to have suitable command and supervision.

Slide 13: The slide of the presentation elaborate that the authorities of organization concern must understand the impact of interrelationship In the work operation for the purpose the authorities are required to evaluate all the aspect to ensure the effective judgment. Further provided it has been addressed that interrelationships play a dominant role in the determination of success and growth of the company.

Slide 14: For the attainment of the objective the authority must make a careful consideration of the aspects of the structure size and the scope of the organization. However, there are various factors to be considered in this respect. One of the major factors is the objective of the company. As such suitable integration is a must to ensure an effective position in the market.

Slide 15: From the overall presentation it can be determined that the authorities' are required to make proper focus on the understanding of the size and scope of the business organization. Further provided, it can be concluded that the objectives of the organization must be properly aligned with the various function so that all the activities can be properly conducted. This will also assist in better decision making.

Slide 16: References

Task 2

LO3 and LO4

The positive and negative impact of the macro environment and their impact on business operations

While operating in the environment of flexible nature, there are series of changes that are taking place in the market environment that tends to affect the work operations' in a great manner (Setälä, et. al., 2013). Such changes tend to affect the growth and success of the company adversely.  The macro-environment provides for the series of factors that tend to disturb the work operation for the long prospects of time. As such it is required that the focus is made by the authorities of large hotel groups (Barony Castle Hotel) to understand the positive and negative effect of each factor so that to ensure the authorities in making a suitable and valuable judgment.

Additionally, the management of Barony Castle Hotel with an understanding of the macro-environment factors, suitable strategies can be formulated. For this purpose, the authorities can focus on the application of PESTLE analysis. This will assist in a suitable and effective understanding of the various factors. This will ensure proper and effective alignment of the internal and external operations of the organization (Setälä, et. al., 2013).

Political factors

Various factors can affect the work operations' of the Barony Castle Hotel. These factors include terrorism, international, pandemic such as COVID-19. These factors greatly affect the operation and the number of tourists in a great manner. In this respect, the authorities are required to make suitable strategies to ensure the conduct of future activities concerning the revenue and other profit-related activities.

Economic factors

Barony Castle Hotel makes a significant and effective contribution to the growth and global investment opportunities. It has been addressed that economic factors tend to affect the work operations in a great manner. With the change in the economic cycle, the authorities of the Barony Castle Hotel are greatly affected. Economic cycles provide for the series of the factors that are required to be the focus of the organization's concern to avoid the barriers and ensure smooth working in the market.

Social factors

Another important factor that is required to be considering by the concerned hotel group includes the social factor. The social factor distinguishes the needs and requirements of the tourists and customers. This supports the authorities in making suitable arrangements as per the requirements'. Further provided, the management of Barony Castle Hotel is also required to make proper arrangements in addressing the changing needs of the tourists s as to ensure suitable confirmation in the internal operations as per external needs.

Technological factors

Technology has a great and serious impact on the work operations of the hotel industry. With the variation in the technological factors, the work operation of the Barony Castle Hotel can be affected in a great manner. One of the major changes is addressed concerning the online transactions. In this respect, the concerned hotel group must make suitable arrangements so that to have effective command on all the operations and activities.

Legal factors

Another important factor that can affect the work operations includes legal factor. The concerned hotel group is required to majorly focus on the various legal laws and legislation that are required to be followed. This will also lead to the avoidance of all sorts of barriers and complexities. Further provided, with the avoidance of all the legal barriers the organization's concern can attract the attention of the tourists in a positive manner.  As such proper focus is required to be made by the organization on the concerned factor (Hunjra, et. al., 2014).

Environmental factors

Environmental factors provide for the sudden impact that affects the profitability of the long prospects of time (Kadocsa and Francsovics, 2012). There are various factors such as pandemic Covid-19 that has to affect the work operations in a great manner. To manage such a factor, the authorities of Barony Castle Hotel must ensure to formulate suitable and effective strategies that can effectively respond to the issue.

The authorities for effective knowledge must ensure to understand the external environment factors in a proper manner. This will ensure effective command leading to suitable growth.

Internal and external analysis of the organization

For an effective understanding of the environment, the organization concern must focus on the command over the internal and external factors (Kadocsa and Francsovics, 2012). This will assist the authorities in ensuring suitable command over all the activities and events. Additionally, it will also enable the Barony Castle Hotel to take suitable and strong decisions for the current as well as forthcoming activities.

For ensuring command the authorities of Barony Castle Hotel can opt for SWOT analysis. The analysis will provide for the strength, weakness, opportunity, and threat factors (Hunjra, et. al., 2014). These factors will provide great assistance to the organization's concern in the attainment of the goals and objectives in the desired manner.

Strength

Strengths' depicts the internal conditions that ensure to have smooth and systematic working. The authorities of Barony Castle Hotel must ensure to focus in the enriching of its strength factors so that to enrich its work operation. In the context of the Barony Castle Hotel, there are various factors of strength that can be used in order to attain the objectives. Some of the factors of strength include:

  • Ensures effective understanding and determination of its objectives
  • Ensure examination of the metrics and the outcomes (Jamal and Lee, 2013)
  • Focus on innovation
  • Drive for the attainment of the competitive advantage
  • Power of integration

Weakness

Weakness elaborates on the points of the organization that can act as a threat to the company. Such points are required to be properly addressed to convert them into strengths. In the brief of Barony Castle Hotel the organization has the following points of weakness are required to be addressed:

  • Excessive focus on the aspects of expansion
  • Overemphasis on the aspects of standardization
  • Little focus on the employees of the company
  • Issues concerning the marketing (d'Ippolito, 2014)

Opportunity

Opportunities provide for the various aspects that can assist the authority concern in the attainment of the objectives in a better and effective manner. With the effective command on the opportunity, the Barony Castle Hotel can gain capitalize its returns. Some of the important opportunity of the organization includes:

  • Ensure to develop a suitable focus on the behavior of the consumer
  • Ensure to create a global space (Jamal and Lee, 2013)
  • Ensure to have suitable command on the aspects of specialization
  • Effective understanding of the strategies of competitors

Threat

Threat depicts those factors that affect the growth of the company in a great manner. Such factors are required to be addressed in a proper manner as it will impact the revenue and profit margin of the company. In the brief of Barony Castle Hotel various factors of threats include:

  • High level of competition
  • Threats of attacks
  • Threats of uncertainties
  • The emergence of a medical problem like Covid-19

Impact of micro and macro factors on business objectives and decision making

Both micro and macro factors have a great impact on the growth and success of the company in a great manner. To manage the work operations in a great manner, the organization can gain suitable command on the internal and external factors (Bas, 2013). This supports the proper alignment of all the activities and events. In other words, it has been embarked that the business organization operates in the environment with a series of factors. Such factors tend to affect the operation in an adverse manner.

While working with these factors the authorities of Barony Castle Hotel must ensure a clear understanding of all the factors so as to make suitable changes in the work operation (Yuan, 2014).  Micro factors include suppliers, customers, investors etc. These parties directly affect work operations. If the authorities of the concerned organization do not make proper and appropriate focus on the maintenance of cordial relation with such parties then appropriate outcomes cannot be attained. Further provided, it will also affect the attainment of the objectives in a great manner (Anitha, 2014).

Apart from that, there are macro factors that include political, economic, social, technological, legal, and environmental factors. Such factors provide for the series of variations that can hamper the work operations (d'Ippolito, 2014). For instance, due to COVID-19, the organization is facing a serious issue in the decline in the number of tourists. In this respect, the organization's concern must ensure to formulate suitable and effective strategies that can manage to deal with the variations. For the purpose, scanning of the environment is a must. This will provide the pros and cons associated with each aspect. As such it will also enable the authorities in making suitable decisions with respect to the current as well as future activities. Proper alignment of the micro and macro factors in the internal operations will lead to the achievement of the objectives in the desired manner and in the proper time frame (Bas, 2013).

Importance of gaining micro and macro factors in relation to the business objectives

  • Suitable position can be attained in the competitive market
  • Ensures effectiveness and efficiency in the operations
  • Ensures attainment of the strengths and weakness so as to have a better working
  • Leads to optimum utilization of the resources (Yuan, 2014)
  • effective command and supervision on the external factors

Conclusion

From the above report, it can be determined that the understanding of the type and scope of the organization is of prime importance. Further provided, it can be concluded that the business objectives are properly aligned with the type and range of the organization. In addition, the reported work concludes on the suitable and effective relationship of the various organizational relationships so as to integrate them in a single direction. Apart from that, the reported work determines the positive and negative factors related to the micro and macro factors of the environment. In addition, the reported work concludes on the strengths and weaknesses of the various internal and external aspects' enabling the authorities to make the suitable and apt decisions. The overall report concludes on the effective regulations and amendments that can ensure the Barony Castle Hotel in the realization of the goals and objectives.

References

  1. Rastogi, N.I.T.A.N.K. and Trivedi, M.K., 2016. PESTLE technique–a tool to identify external risks in construction projects. International Research Journal of Engineering and Technology (IRJET)3(1), pp.384-388.
  2. Pan, M.S., 2016. E-commerce in India-issues and challenges. International Journal of Research in Economics and Social Sciences (IJRESS)6(9), pp.14-21
  3. Li, L., 2016. Predictive Function of Context in Simultaneous Interpretation.  Journal of the Association-Institute for English Language and American Studies4(10), pp.13-18.
  4. Yuan, H., 2013. A SWOT analysis of successful construction waste management. Journal of Cleaner Production39, pp.1-8.
  5. Bas, E., 2013. The integrated framework for analysis of electricity supply chain using an integrated SWOT-fuzzy TOPSIS methodology combined with AHP: The case of Turkey. International Journal of Electrical Power & Energy Systems44(1), pp.897-907.
  6. d'Ippolito, B., 2014. The importance of design for firms' competitiveness: a review of the literature. Technovation, p.forhcoming.
  7. Anitha, J., 2014. Determinants of employee engagement and their impact on employee performance. International journal of productivity and performance management.
  8. Hunjra, A.I., Chani, D., Irfan, M., Javed, S., Naeem, S. and Ijaz, M.S., 2014. Impact of micro economic variables on firms performance. International Journal of Economics and Empirical Research2(2), pp.65-73.
  9. Kadocsa, G. and Francsovics, A., 2012. Macro and micro economic factors of small enterprise competitiveness. Acta Polytechnica Hungarica8(1), pp.23-40.
  10. Pîndiche, E. and Ionita, R., 2013. The influence of micro and macro environment components on trade companies in romania. Journal of knowledge Management, Economics and information Technology9, pp.327-337.
  11. Setälä, H., Marshall, V.G. and Trofymow, J.A., 2013. Influence of micro-and macro-habitat factors on collembolan communities in Douglas-fir stumps during forest succession. Applied Soil Ecology2(4), pp.227-242.
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