Business Requirements and Understanding the Functionalities of Business in UK

Internal factor is very important for organization that would be controlled by company to manage the whole business process and activities in effectively and efficiently. External factor are those factors which cannot be controlled by company. This report will determine the scope and size of firm. This report will identify the business requirements and understanding the functionalities of business in UK. SWOT and Pestle analysis is important role to identify their negative and positive impact on small business.

LO1

P1. Various types of organization and its Purpose

There are many types of organization such as private, Non-governmental and public sectors and these are as follows:

P2 Scope and Size of organization

There are various type of organization and that has difference between Micro, small, medium and large organization as given below:

LO2

P3 Relationship between different organization structure and their functions

The scope and size on the basis of organization structure and functions: There are various type of organization is differentiated on basis of its structure and function is described in given below:

Functional Structure- Function structure are those set up that has to be collection of group on the basis of particular purpose (Caiazza, Shimizuand Yoshikawa, 2017). This functional structure is work in proper manner to increasing their business activity through those people who has capabilities to increase business for growth and development. The main drawback of functional structure to poor coordination and communication between departments. All the departments should have work in separately.

Divisional Structure- this structure is spreading in all over the world to widely used in geographical. They have separate small firm to covered different type of market areas and product (Hillary, 2017). The most important benefits of divisional structure to more specifically and more rapidly (Goleman, 2017). Some times, it is very costly due to its scope and size of organization. Most of the people can be use divisional structural on small organization and having a different offices in other city. The sales team is control the business operation and it will identify the requirement of customer.

Matrix structure- this structure is hybrid of divisional and functional because it is applicable for the multinational companies (Moutinho and Vargas-Sanchez, 2018). They have created a power of struggle because in most of the places they use dual management system in which the divisional manager and functional manager are working at same level and it will cover the same social control territory.

Sainsbury is a type of matrix structure that has many functionalities in global market. They offering various services to customer while the manager providing wide scope of services that are helpful through matrix structure. They are performing various activities in this structure. Different organization has own unique structure that would be classified on the basis of the level and business operations.

Interrelation between goals and targets and functions and mission of organization-

Sainsbury is a leading brand in retail store that has some specific goals and targets that would be achieve to performing specific function are given below:

Marketing – Marketing is very important part of organization to promoting their product in market. It is a key element of growth and development because it increasing the productivity and profitability in market place (Cascio, 2018). They are promoting their product through online marketing because this is very easy method to Advertising the product in market. Sainsbury also use for marketing and increasing their profitability in marketplace. Most of the organizations are used these techniques to established their business in around all over the world.

Human resource management- HRM is very essential part of organization to managing quality of business operation in effectively and efficiently. This is performing various function such as recruitment of people, providing training and development. Provide security. Secure the employee information etc (Pearson, 2017). this is the main part of company to handle the whole operation's relation human being. Time to time, they are conducting a new training program for employee's growth and development.

Finance- Every organization is needed a fund such as large, micro, small, medium organization. Funding is very essential part for organization to investing of some money for business process (Cong and Zheng, 2017). The organization should plans a new strategy for growth and development. The business planning is very important for every company to increasing their market value and brand value.

LO3

P4 positive and negative impact on micro environment in UK market and using pestle analysis

The retail marketing is enhanced the business activity in UK and it is very helpful for growth and development. It is important part to generating a more revenue in marketplace. There are important factors affecting the retail marketing business in UK. The Pestle analysis is basically used for increasing the market as follows:

Political factor- Political factor are those factor which follows some rules and regulations, government policies in the retail industry. This would be impact to retail business operations in UK. They also effect profitability and revenue in the market. Tesco, M&S are multinational company to expand their business in all over the world. Sainbury is a leading company to handle its operations and functionality in proper manner. The market should be increases their profitability in market to control their action to gain an affective sustainability.

Economical factor- this factor is affecting the business operations to reducing the functionality to control the time and cost of the company. Unsuitability is a part of economic factor to effect the firm such as M&S that would impacted to their revenue generation. Positive economic conditions helps in better growth and development of the company or organization whereas low economic conditions have negative impact on the core competencies of the business.

Social factor- Social factor is affect the basic functionality of company and its important operations. The management reshuffling and structural functioning that has great impact on their functions and work. They have many risks for employee regarding their job and faces many problems. This factor affects the overall business operations and activities.

Technical factor- the technology factor is affecting the business operations because most of the organization has increases their production values in market. Tesco, Plc is a multi national company to implemented the new technology platform to identify the requirement of business. It will help measure the requirement of operational capabilities. For advancement of technology to increasing their productivity in marketplace. It is very beneficial for organization.

Legal factor- Most of the organization has use different laws and legal obligation in UK. Through this law, it will create a specific legal rule to build an effective connection between customer and stake holder. They will create an effective relationship so that the customer should be trust on stake holder. This changes are required to creating an effective ideas and innovation.

LO4

P5 internal and external analysis of specific organisations in order to identify strengths and weaknesses

Porter's Five Forces Model-

Bargaining power of Buyer- this is very important model that cause behind generation of revenue in the organization. The main objective of buyer to provide an affective quality of product and services in very reasonable rate. The buyer should manager the power of bargaining in very systematic manner.

Bargaining Power of Supplier- the retailer business is totally depended on supplier because they are giving an effective service (Saleem, 2017). This supplier will help to increasing their productivity in market in which the supplier will help to provide the right direction to gain a profitability.

Threats of new Entrants- the globalisation has increased and many sectors has been established in market so that the competition level is increasing that has influences with the profitableness and Sainsburry.

Threats of substitution- this will affect the retail business structure that are not to be identifying the deep knowledge. It is required to planning a new idea for growth and development. This is the initial stage to impacted on innovation and services and commodity.

Competitive Rivalry- the competition level is very high in retail sector because the rivalry is increasing that would cause of price of services and product. It also affects the profitability and revenue of the company.

On the basis of discussion, it concluded that the business operation is affect in UK for growth and development in which the economic condition is major problem to reducing their level in market.

P6 Weakness and strength of external macro factors

The external factor is very important to affecting the weakness and strength of retail business in United Kingdom (Surin, Edward, Hussin and Wahab, 2017). The development and growth is directly related to each other in which the social and political factor is a major role to determine the actual weakness and strength of company.

The organization should be plan a new strategy for development while they will identify the business process in different area. They can be handle the competition level in marketplace. They are created an effective relationship between customer and supplier to maintain the level of organization. Some times, the environmental facultative is main cause of firm to gaining a more profit in market.

CONCLUSION

As per discussion, it concluded that the business strategy and planning is required for every organization to impacted on its functional and operational environment. This report will determine different organization structure and scope and size of business that would handle the business activities and operations in proper manner. This report will identify the external and internal factor are applicable for growth and development. It will analyse the weakness and strength of retail business through the SWOT and Pestle analysis. This will analysis the impact on macro environment in UK.

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REFERENCES

Books and Journals:

• Kew, J. and Stredwick, J., 2017. Business environment: managing in a strategic context. Kogan Page Publishers.
• Caiazza, R., Shimizu, K. and Yoshikawa, T., 2017. Crossborder M&A: Challenges and opportunities in global business environment. Thunderbird International Business Review,59(2), pp.147-151.
• Cascio, W., 2018. Managing human resources. McGraw-Hill Education.
• Hillary, R. ed., 2017. Small and medium-sized enterprises and the environment: business imperatives. Routledge.
• Saleem, M.A., 2017. The impact of socio-economic factors on small business success. Geografia-Malaysian Journal of Society and Space, 8(1).
• Moutinho, L. and Vargas-Sanchez, A. eds., 2018. Strategic Management in Tourism, CABI Tourism Texts. Cabi.
• Cong, Y. and Zheng, Y., 2017. Study on Operation Mode of Agricultural Supply Chain in WeChat Business Environment.Journal of Service Science and Management, 10(03), p.330.
• Surin, E.F., Edward, O.T., Hussin, H.F. and Wahab, I.A., 2017. Recognising the Importance of Strategic Business Network on Business Performance of SME Manufacturing Firm in Malaysia: Analysing The Moderating Influence of Human Capital and Business Environment. International Journal of Arts & Sciences, pp.31-44.
• Spillan, J.E. and King, D.O., 2017. Current Business Environment. In Doing Business In Ghana (pp. 13-66). Palgrave Macmillan, Cham.
• Pearson, R., 2017. Business ethics as communication ethics: Public relations practice and the idea of dialogue. In Public relations theory (pp. 111-131). Routledge.
• Goleman, D., 2017. Leadership That Gets Results (Harvard Business Review Classics). Harvard Business Press.
• Luthans, F. and Doh, J.P., 2018. International management: Culture, strategy, and behavior. McGraw-Hill

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