Business Environment
Business Environment
Business environment consists of all the internal and external forces that influence the operating situation of a company. Business environment has a dynamic and complex nature and it impacts greatly the survival and growth of a company.
External factor consists of political factors Political factors (Taxation Policy, Unemployment Policy etc.), Economical factors (Inflation rate, Recession or Boom etc.), Socio-cultural (language, values, religion, beliefs etc. ), Technological factors (E-commerce, Rate of technological change etc. ), Environmental factors ( Pollution monitoring, Energy consumption etc. ), Legal factors (employment law, labour laws etc. )
Internal forces consist of organizational culture customs, values, rules and norms shared by the member of an organization) and organizational direction (processes and operations, communication among employees, leadership practises or level of friendliness).
Task 1: The immediate/contextual environment
1(a) Input-process-output (IPO) analyses for Premier Foods and for Vodafone
IPO model is a very efficient tool for analyzing and documenting the critical aspects of the transformation process. IPO model is one type of functional that determines the inputs, outputs and the processing tasks that are needed to transform the inputs into outputs. The flow of data and materials from outside are represented by inputs which usually go into the process, process includes all the tasks required to transform the input into output and output are the data and materials flowing out from the process that turned into the finished goods or services.
IPO analysis of Premier Foods
Premier Foods is one of the largest branded food producers of Britain. So the inputs are a bit different than the other manufacturing companies. The inputs that go into process are usually raw materials consist of unprocessed foods and supplies, labour, research findings etc. The process includes the management skill and
Business environment consists of all the internal and external forces that influence the operating situation of a company. Business environment has a dynamic and complex nature and it impacts greatly the survival and growth of a company.
External factor consists of political factors Political factors (Taxation Policy, Unemployment Policy etc.), Economical factors (Inflation rate, Recession or Boom etc.), Socio-cultural (language, values, religion, beliefs etc. ), Technological factors (E-commerce, Rate of technological change etc. ), Environmental factors ( Pollution monitoring, Energy consumption etc. ), Legal factors (employment law, labour laws etc. )
Internal forces consist of organizational culture customs, values, rules and norms shared by the member of an organization) and organizational direction (processes and operations, communication among employees, leadership practises or level of friendliness).
Task 1: The immediate/contextual environment
1(a) Input-process-output (IPO) analyses for Premier Foods and for Vodafone
IPO model is a very efficient tool for analyzing and documenting the critical aspects of the transformation process. IPO model is one type of functional that determines the inputs, outputs and the processing tasks that are needed to transform the inputs into outputs. The flow of data and materials from outside are represented by inputs which usually go into the process, process includes all the tasks required to transform the input into output and output are the data and materials flowing out from the process that turned into the finished goods or services.
IPO analysis of Premier Foods
Premier Foods is one of the largest branded food producers of Britain. So the inputs are a bit different than the other manufacturing companies. The inputs that go into process are usually raw materials consist of unprocessed foods and supplies, labour, research findings etc. The process includes the management skill and