Introduction
Business and its environment
are the two most topics of hot discussion in modern globalised era being
entirely dependent on business and it determines the survival rate, functional
paradigms and performance appraisal properties of businesses conducted in the
modern world with accuracy, acuteness and with efficiency to cater to process
of globalised trade based on some terms and conditions of international
business and commerce respectively. The Proper mode of business conduction and
its effective deliverance and implementation are based on higher order business
strategies and goals of business in the world of the recent period of chop and
change in terms of modernisation and sophistication.
Costco Company (UK): It is a profit oriented company located in
the United Kingdom and it is a private sector company based on various degrees
and levels of manufacture of latest and abundant varieties of electronics which
was founded in the year 19912 in the heartland of United Kingdom. It is a wholesale based company dependent on
the criterion of production of latest varieties of electronic gadgets and
applications.
Alzheimer association: Alzheimer's association is a nonprofits
company based on the treatment of various kinds of diseases in terms of
provision of health care and social services to more than millions of people
and located in the heartland of Chicago after being founded in the year of
1980.
Costco Company (profit): It is an international company located in
the entire world throughout the globe and is busy in the production of
electronics of elite variety and luxury electronic gadgets and appliances
throughout the world after being headquartered in the heartland of United Kingdom
respectively. It operates around the world in terms of internationally based
chain of wholesale business based production houses or warehouses under the
name "Costco Wholesale" which carry brand merchandise throughout the
world for sale and distribution in a wide network or regime. It charges
moderate and low process of its superior quality of productions and produced
sales across the world obeying the terms and conditions of wholesaling respectively.
As per Nwankpa (2014,
p.114), digital .It began its prima facie operations in the 1983 in the
market of Seattle in Washington city of United Kingdom being very popular as
the pioneer city of business policy conduction and processing as per the area
wise popularity of market and being a top-notched business destination located
in the nation of United Kingdom respectively. Costco is popular for production
of varied nature of decent business based electronic commodities and
exceptionally branded furniture and home artilleries al under the same roof. Costco
is also popular for its supply of luggage, housewares and related ancillary
products in the UK and around it.
The purpose of
Costco based organisation is to provide lesser prices and more goods for
consumption in suitable amounts to reach the needs and necessities of business
is based consumers and relevant persons being engaged in the active manner in
business. As per Ovchinnikova
(2015, p.114). the formation of strategies for effective management of business
environment of the It also concentrates on upholding the motto of
maintenance of efficiency of business by reduction of overhead costs associated
with the business in terms of business
service based provisions and business service maintenance respectively in terms of certain business
based environment and business surroundings based properties of electronics business firmly
observed and followed by Costco in United Kingdom respectively.
Alzheimer association(nonprofits)
:It is a healthcare
and service company associated with amelioration of Alzheimer's disease which
is one of the most infectious diseases being spread in and around the world and
it is devoted to devising strategies or finding solutions to draw remedial
policies for uprooting of deadly Alzheimer's disease from the world especially
from the backward nation and semi-developing nations of the world by a variety
of ways and manners starting from the basic level to the highest level of
Alzheimer's disease infected world.
Until now the company has conducted almost hundreds and thousands of research
work regarding the
identification of
factors and symptoms of this disease and to explore the solutions cum remedy of
this disease in the wide and efficient manner respectively. As per Musamali and Taurus, (2013,p.714)
, the top body of Alzheimer's operation namely the Alzheimer's foundation is directly
interlinked with the findings of suitable ways to solve the disease in gross
and strict manner across the world in the rapid and catalytic manner respectively.
Alzheimer's association is based on uprooting of the disease from the entire
world through a wide number of ways and techniques following the norms of
health and social care based business respectively.
As per Rebrin and Colina (2014, p.88), the
main purpose of Alzheimer's association is the modus operandi of curtailing of
the severity of the Alzheimer's disease from the world to all intents and
purposes based on the principles of integrity , commitment , core values of
society based welfare orientation strategies , diversity , inclusiveness ,
consumer-based focus and accountability. It does so by increasing
awareness and enhancement of support to the disease struck persons of the world
and the underprivileged persons in terms of provision of medical aid, medical
facilities in terms of medicines and better ways of deployment of proper
personnel for the cure of Alzheimer's disease in proper tandem and manner.
Size and scope of Costco UK (profit based ):
Size:
Çostco based UK
organisation currently employs 214,000 number of part-time and full-time
employees in its organisation which helps it to earn an annual revenue or
turnover income of$100 billion annually. Its business size is large because it
produces the large variety of branded electronic equipment and decent tools in
and around the world for earning maximum business recognition and business
reputation respectively in both net and gross terms respectively. There are
around 723 warehouses under the ambit of Costco organisation. The average size
of Cosco based warehouses is around 144, 500 square feet respectively. It also
has 78.3 million card holders in terms of membership data holding the capacity
of Costco based electronics industry respectively and is hence a vast networked
and vase sized organisation of electronics business respectively.
Scope
Costco is an
internationally well distributed and well-spread business conducting its
operations internationally throughout the world with the aid of the variety of
campaigns and seminars respectively. As per Li and Chen (2015, p.88), it is a generally
globally oriented business with its business being spread to all the developing
and developed nations around the world where the sales and purchase of goods of
electronics, home appliances and furniture occur in international standard and
terms. As per Wamalwa and
Wandera (2015, p.64), there are 506 operating warehouses or units of the
business of Costco in 44 regions of United states of America, There are 94
locations of Costco based company in the nine elite provinces of Canadian
regime. There are 36 locations of the company in 18 states of Mexico. There are
28 locations of Costco Company in the United Kingdom and 25 locations in the
most advanced states or regions of Japan. There are 12 locations of popular
Costco based companies in Korea and Taiwan each. Additionally, there are 8
locations of the organisation in developed Australian continent and 2 in Spain.
Hence from the above facts, it can be easily put forwarded that Costco based
electronics company has internationally distributed network in the countries of
business superiority and still has an inherent capacity of expanding its market
via increasing productivity of more varieties of home appliances in the
abundant and varied manner respectively.
Size and scope of Alzheimer's association:
Size:
Currently,
Alzheimer's association is based on helping the Alzheimer affected families
with an annual grant of 230 billion dollars of rupees annually. It also has
been providing 18.2 billion hours to the catering of health services and social
care to the families affected with the disease for the speedy recovery from the
disease and taking care that lesser than the least amount of health related
casualties do occur in the disease inflicted families present in an around the
world respectively.
Scope:
With a 10 year
based visionary research period for Alzheimer's association, it is known to
arrange a multiple number of campaigns in and around the world for fast and
best amelioration of Alzheimer's disease in all prospects and manners
respectively. Alzheimer's association is a large scale business organisation based
on research activities and ideals of research based business program
orientation and programming analysis working in the field of inventing and
innovating new solutions for remedying and even working with efforts for
uprooting of Alzheimer's disease which is otherwise the most infectious and
deadly disease affecting the weak and vulnerable people all around the world. As
per Kretzschmar and
Beckstein (2015,p. 42), the company strives to maintain and consider the
process of research funding an absolute priority in field of international
business campaigning of uprooting of Alzheimer's disease from the disease
affected world in sophisticated way via deployment of modern qualified health
personnel or doctors and nurses working in the field of the disease treatment
in and around the world respectively. The organisation is deputed with the
responsibility in terms of its scope for identifying, designing and
implementing health programmes to uproot the evils of Alzheimer's disease from
the world as much as possible in a precise and holistic manner respectively.
Relationship
between organisational functions based on different sectors like that of HR or
human resource , retail and hospitality based departments and the goals and
motives or rationale based principles of the two organisations of Costco and
Alzheimer's association is based on multiple sets of rules and regulations of
electronics manufacturing based business and health care services based
businesses respectively .Objectives of the company are in al sense of business
directly related with the functioning’s of the two organisations in terms of
finances, human resources, retail and hospitality based activities of the two organisations.
They are responsible to cater and catalyse the pace of their various business mechanisms
in different styles and manners with respect to the intensity or strength of
correlation between the organisational functioning’s and organisational
objectives and well-set pre-planned goals respectively.
Functions of an
organisation actually develop and mould the business objectives in a
well-executed manner and mode in terms of realisation parameter of business in
terms of achievement of aims and goals of business based decisions and
criterions of business purposes for the simple logic of meeting the objectives
of business with the strict execution of functionings and capabilities.
As per Kadriaj and Beqiri (2016, p.77),
policymakers implement or design the policies and programmes depending
on the standard relationship between the functions performed in an organisation
which should be in context of realisation or meeting of objectives of the
organisations in a fully fledged manner based on organisational capabilities
which is in turn related to the entitlements of the organisations in terms of
patent rights and innovation capacities and investments based principles and
modules respectively.
The fruitfulness of
an organisational performance is based on the intensity of the relationship
between the functioning’s and the objectives based on which the organisation
has executed its performance in fully fledged manner.
Actually, functioning’s
and objectives are two sides of the same coin and one is dependent on the other
for the sake of business policy implementations conduction of business of Cosco
and Alzheimer's Association in a successful and ethical manner respectively.
(ii) Relationship
between organisational functions and organisational structure of the
organisations
Harmonisation of
the relationship between organisational structures and organisational functions
can be described in terms of coordination procedure or process of similarities
between the functions performed in different departments of the two organisations
and the structures of administration process practised in the organisations. In
terms of hierarchical structure and organisational autonomy and other
properties, the relationship between organisational functions and their
structures are practised or maintained in different amounts or in different
intensified properties respectively. As per Junior et al. (2015,p.1180),
a very simple intuition best describes the relationship between the two
things that is between organisational functioning’s and organisational
structures respectively and it is that it depends on the nature of deployment
of particular employee to be assigned to particular segment of job in the
organisations who are directly or indirectly responsible to the organisations
in terms of their business functioning’s and capabilities respectively .The
performance appraisal judgement of their job functioning quality is expressed
in terms of interlinkages between job functioning’s and job based
organisational infrastructures in an intense and varied manner respectively.
The goals of the two organisations of Costco and Alzheimer's Association are
also meet with accuracy in terms of the strength or intensity of this
correlated relationship between job functioning’s and job structured
administration process respectively. It is actually the part and parcel of
organisational effectiveness and upkeep of performances for the two
organisations in a compound and integral manner respectively. Delegation
process based on authority and planned execution of business strategies of the
two organisations are interpreted in terms of relationship between the two that
is between the structural bodies or administrative bodies of business
organisations of Cosco and Alzheimer‘s Association and the functional bodies of
human resources based departments and financial operations based departments
respectively from all facets and angular elements of manipulation and judgement
respectively. This is broadly
networked and channelized
in terms of the quantity and quality of this relationship in terms of
activities catered to the public via human resource based use and
implementation to upkeep the human based health and social care services and
provision of important home appliances to the public to benefit them to live
their livelihood in a calm and composed manner respectively. Financial
activities of maintenance of business and service records in terms of updating
of accounting figures dealing with outstanding credits inputted into or
outstanding liabilities made away from the coffers of the organisations are
based on this nexus between organisational functioning and organisational
structures respectively.
PESTLE analysis: Externalities in terms of macro
environment on the business environment and its surroundings and operations can
be judged in terms of PESTLE analysis
or criterions:
Figure 1: PESTLE analysis
(Source: Jelonek (2013, p.118))
Political impact: As per Jelonek (2013, p.118),
the political procedures taking shape in the company can be both
beneficial and harmful to the prospects of the organisations of Cosco and
Alzheimer's Association respectively. So both positive externality and negative
externality can be catered via political effects of the government on the
business operations respectively.In terms of positive externality it can be
mentioned or interpreted that government based fiscal and monetary policies
help the organisations to carry on its business smoothly such as reduction of
taxes have a major political policy in
terms of fiscal discipline helps the business entrepreneurs of Costco and
Alzheimer's Association to engage more inputs in production and to appropriate
more profits successively .
But if the reverse
happens that is iffy taxes rise then the entrepreneurial business may suffer
losses.
Economical impact: According to Huong and Thi
(2015, p.66), the economical impact of business which deals with the
executed business development goals of political policies of government in
terms of fiscal policies and monetary policies respectively are at times good
or at times disastrous for the operations of the two organisations of Costco
and Alzheimer’s association respectively. For instance monetary expansion based
on increase in supply of monetary variable can be seen as major economic impact
on business operations because it tends to raise the purchasing power of people
in added intensity and helps them to fulfil more of their needs and necessities by raising
their aggregate demand which when puts pressure on the production sector help
the entrepreneur to maximise their production by intensifying their investment
to catalyse the pace of production in true terms. But the opposite process of
monetary contraction may have adverse effects on the production process
effectively.
Social impact: As per Hartman (2015,
p.22), the socio-cultural impact on business policy formulation and
fragmentations wise execution is still much intense even considering the
practical mode of behaviour exhibited by business personnel in the modern
globalised world respectively.For instance, sociological bias shown by a unit
towards the production of any good or service of Costco and Alzheimer's
association respectively may hurt its production regime and authority while
favour shown by the social group based community towards them may aggravate the
production process with more than enough rapidity in terms of pace of
executions.
Technological impact: As per Hansen et al.
(2015, p.66), the technological
impact of macro or external environment on the organisations operations can be
felt via the efficient use of internet to aggravate the process of business and commerce in terms of rapidity of
data transactions through internet medium or via online procedures is a
beneficial impact of technological implementation and increased use of internet
in the process of production in quantity enhancement and quality improvements
respectively.
Conversely, it may
also lead to lesser recruitment of individuals in business processes of
production which may lead to uncertain or unpredictable unemployment creation
respectively.
Legal impact: As per Alp and Özkan (2015, p.55), the legislations and
laws of businesses is sometimes helpful to the organisations say the two chosen
organisations of Costco and Alzheimer’s Association respectively because they
guide the business process with discipline and decorum and helps to cater the
to the production ethics of business which ultimately leads to more production
and minimum waste in terms of incurring of unnecessary overhead costs of
business respectively.
While on the other
hand, the legal issues and aspects when implemented in increased manner may
lead to loss of time and may prove as constraint in the path of free flow of
business operations practised by Costco and Alzheimer's association
respectively.
Environmental impact: As per Ahmadi et al. (2014,p.1190),
in terms of environmental impact of business it can be interpreted or
said that the ecological impact on business which is mainly of beneficial
origin keeping into consideration the beneficial impacts of natural resources
on the business operations respectively on the minds of employees working in
the organisations by creating a refreshed and recreation boosting mind which is
needed for performing complex jobs in the organisations with comfort and calm
manner to improve the working quality and hence the quality of production and its quantitative
intensity from all facets and angles respectively. The business processes are
hence revitalised due to the improvement in the mindset of its workers and
stakeholders which are the main catered contribution of the ecologically
superior surrounding of business environment respectively.
Here, in this
section of this project, the learner has tried to showcase the core business
environment of both the organisations which may help in providing a clear
understanding about the strengths and weaknesses of these entities.
SWOT Analysis of Costco UK
|
Strengths
|
Weakness
|
|
|
|
Opportunities
|
Threats
|
|
|
Table 1: SWOT
Analysis of Costco UK
(Source:
Costco.co.uk. 2017)
SWOT Analysis of Alzheimer's Association
|
Strengths
|
Weakness
|
|
|
|
Opportunities
|
Threats
|
|
|
Table 2: SWOT Analysis of Alzheimer's
Association
(Source: Influenced
by the viewpoint of Chang,
2016, p.52)
The growth of an
entity mainly depends on “externality”, which means the impact of economic
activities and political changes on overall business. These factors have both
positive and negative impacts on the overall productivity of a business firm. Hair (2015, p 12) stated
that, when a firm can analyse its strengths and weakness it has become possible
for them to be more stronger by overcome their weaknesses. In short run,
business production in real time creates conceptual time period where only one
product is fixed and other variable. Therefore, fixed cost has no impact on
short run business. Variable cost affects the short run profit and increase the
amount of output. Apart from this also affect the economy by increasing the
labour and employment rate which make GDP growth. Price per unit will cost less
if the production continues.
Apart from this, it
can be stated that, the political factors also have a great impact on
businesses of both the organisations. Hardy and Everett (2013, p.56) opined that, the taxation policies
of a country can bring a huge change in a venture. It is shown above that the Alzheimer's
Association has been benefitted with these taxation policies of the UK. It is
one of the greatest strength of them as it is a voluntary non-profit organisation
they get exemptions in tax. Moreover, Boons and Lüdeke-Freund (2013, p.10) stated that, legal factors
can also affect the business strategies of any organisation. For an example:
Costco UK and Alzheimer's Association both the organisations are bound to abide
by the rule and regulations for maintaining a the business ethics that may
strengthen their reputation in the market.
From the previous
study, it is very clear that, the macro external factors are very effective for
aligning the work procedure of any firm that may affect their growth and
productivity. As stated Hingley,
Angell and Campelo (2015, p 108), weakness can bring hurdles in the way
of success. By analysing the strengths
and weaknesses, it has been understood that both the organisations need to set
new ideas and policies for the betterment of their services.
The current
position the Costco in market is good but the SWOT analysis shows that the
organisation need to work on their weaknesses to make improve their strength.
Especially, in the field of potentiality and growth in this competitive market
they need to focus more. Product mix must be improved to attract the customers
by including more goods and services. The company also needs to extend their
stores and web portals globally to get the benefits in economic growth. New
policies are required for the membership programs, so that every can enjoy the
facilities provided by them. The company can also maximize their market shares,
by making different rules that required to the dealers to satisfy environmental
and animal rights. Whereas in the
nonprofit organisation, they need to maintain their expenses as this funds are
for someone's benefits. Maintain a positive and negative publicity are to avoid
for the benefits of the organisation. A good and satisfied service can make the
organisation to a long run and satisfy the economic welfare.
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