Business Environment In Organisation Management Coursework (Coursework Sample)

BUSINESS ENVIRONMENT IN ORGANIZATIONS
Table of Contents
TOC \h \u \z Introduction2LO3: Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations2PESTLE Analysis2LO4: Determine the internal strengths and weaknesses of specific businesses and explain their relationship with external macro factors5Conclusion7References8
Introduction
The functioning of a business organization in a practical business environment is a complex process involving various levels and processes. In order to thoroughly understand the the various organizational processes of an organization and analyze them from a critical point of view, this research takes up the contemporary situations of the Costco Wholesale Corporations and aims to investigate their business processes so as to strike a connection between its external environment and internal strengths and weaknesses. The particular factors identified in the external Company environment can be further used to identify the particular threats of the organization and use suitable strategies to control them. The business strategies of the Company would emphasize on the particular areas of opportunity to bring about a holistic development of the organization.
Task 1
Task 2
LO3: Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations
The macro environment in business market refers to the particular attributes of the external environment of an organization, which play a significant role in the execution and performance of the organizational processes. Various tools have been theorized to analyze the external environments of businesses, in terms of business performance and organizational sustainability (Gorbunov, Efimova, Kobets and Kilinkarova 2016). This research uses the PESTLE analysis method to investigate the external environment of Costco Wholesale Corporation—a multinational Company based in America that operates a chain of warehouse clubs. Costco is now the second-largest retailer in the world after Walmart.
PESTLE Analysis