Professional Documents
Culture Documents
Business and Business Environmen1
Business and Business Environmen1
Acknowledgement
I feel a big thank to my professors for pushing me to complete my tasks on time. Working
through this project has given me an excellent understanding of the subject BBE. And I'd want
to express my gratitude to my friend for the good support during this semester.
Thank You.
Table of Contents
Acknowledgement..............................................................................................................................................................
LIST OF TABLE.....................................................................................................................................................................
LIST OF FIGURE...................................................................................................................................................................
LOL 01.................................................................................................................................................................................
TASK O1..............................................................................................................................................................................
1) WHAT IS AN ORGANIZATION?...........................................................................................5
2) TYPES OF ORGANIZATIONS AND THEIR CLASSIFICATIONS...................................5
3) CLASSIFICATION BASED ON DOMAIN EXTENSIONS..................................................7
4) CLASSIFICATION BASED ON ECONOMY........................................................................7
5) CLASSIFICATION BASED ON SIZE...................................................................................9
6) GROWTH OF INTERNATIONAL TRADE.........................................................................11
7) DIFFERENT TYPES OF BORDERS..................................................................................12
8) TRANSACTION.....................................................................................................................12
9) GLOBALIZATION..................................................................................................................13
10) DRIVERS OF GLOBALIZATION....................................................................................13
LOL 02.................................................................................................................................................................................
TASK O2..............................................................................................................................................................................
a) HUMAN RESOURCES........................................................................................................26
b) MARKETING.........................................................................................................................26
c) FINANCE................................................................................................................................26
d) OPERATION MANAGEMENTS..........................................................................................26
02) INTER-RELATIONSHIP BETWEEN ORGANIZATIONAL FUNCTIONS 27
1. SWOT analysis 31
References..........................................................................................................................................................................
LIST OF TABLE
Table 1-john keels............................................................................................................................18
Table 2-sampath bank.....................................................................................................................19
Table 3-soft logic...............................................................................................................................20
Table 4 - dialog company................................................................................................................21
Table 5 - Hatton national bank........................................................................................................22
Table 6- John keels holding............................................................................................................24
Table 7 - dialog company................................................................................................................25
Table 8 - soft logic company...........................................................................................................26
Table 9...............................................................................................................................................36
LIST OF FIGURE
Figure 1- Types of organization........................................................................................................7
Figure 2 - classification based on economy....................................................................................9
Figure 3 - between marketing and Hrm.........................................................................................28
Figure 4- marketing and finance.....................................................................................................29
Figure 5-marketing and operating management..........................................................................29
Figure 6-operating management and finance...............................................................................30
Figure 7-HR and finance..................................................................................................................30
Figure 8-HR and operation management......................................................................................31
Figure 9-Pestel analysis...................................................................................................................34
LOL 01
TASK O1
1) WHAT IS AN ORGANIZATION?
An organization, such as a neighborhood association, a foundation, a union, or a business,
is a collection of individuals who work together. The act of developing or establishing
anything is also known as organization. It may also refer to a system of organization or
order, as well as a classification framework. Organizations exist because people can
accomplish more when they work together than if they worked alone.
WHAT IS VISION?
A vision statement explains what the company stands for, what it aspires to be, and what it
wants to accomplish or achieve the long term goal of an organization.
Example -: “To improve the well-being of our customer’s community and people connected
to our enterprise.” (PIZZA HUT).
WHAT IS MISSION?
A mission statement describes a company’s goal and how it plans to achieve those goals.
Breakdown of vision which states the company to achieve the goals.
Example -: “To take pride in making the perfect pizza while providing helpful service at all
times” (PIZZA HUT).
Example -: “To promote the well-being of our customers, community, and individuals
connected to our enterprise,” says Pizza Hut's vision statement.
Private sector
Public sector
ORGANIZATION
PRIVATE SECTOR
Individuals own businesses in the private sector. Benefit is the driving force behind these
businesses.
Private sector employees have higher wage rises, more career options, more promotion
opportunities, less job security, and less welfare benefits than public sector employees.
Examples for private sector are; BCAS Dialog, Aviation, Hospitality, Financial services
etc….
PUBLIC SECTOR
The government owns all of the companies in the public sector. They give back to the
community by providing goods and services.
The government is in charge of them. Taxes are used to fund their operations.
The public sector assists the government in maintain trade and business guidelines to
ensure that goods and projects are distributed fairly. Public area associations are non-profit
entities that exist to serve the public goods.
The organizations are not run by the need to make profit by the need to help the community.
They work with money received as gifts and blessings. Any profits are put back into the
organization.
The aim of Voluntary sector is to achieve their main goal and functions for everyone’s
advantage in some specific way. This usually means they concentrate on problems in a way
that a company does not.
Domain extensions are the last part of a domain name. For example, in ‘hostgator.com,’
the domain name extension is .com. Your domain name and area name extension provide
you with a working space name that your target audience can type into their browsers to get
to your site.
. Com – It’s a business word. That a corporation is multinational in the sense that it does
business in many countries.
.CO- Co is a written abbreviation for country before the names of certain nations. It’s used
as an abbreviation for business when it’s part of an organization’s name.
.org-This extension was first created to be used by nonprofits. However, this is no longer
enforced and is a common TLD for education-based websites, schools, and more. Like a
public library, offer free information and services to the general public.
CLASSIFICATION
BASED ON
ECONOMY
PRIMARY SECTOR
Primary sector defined as the totality raw materials.
This business becomes a significant source of financial growth, jobs, charge revenue,
and fare benefit.
This would increase labor productivity, allowing jobs to move away from agriculture and
into other industries such as manufacturing and service.
SECONDARY SECTOR
Secondary sector defined as converting raw material into finish goods.
This helps to significant movement to advance financial development and improvement,
for engineering job opportunities etc….
It is a major source of well-paying employment for the middle class in developing
countries, allowing for greater social mobility for future generations.
Enables countries to specialize and benefit from economies of scale.
Manufacturing allows for higher real wages than farming.
TERTIARY SECTOR
Tertiary sector defined as commercial services that assist in the creation and delivery of
product.
Unskilled and uneducated employees have a lot of resources in the tertiary sector.
The tertiary sector distributes the consumer goods to different suppliers
Demand for tourism, shopping, private schools, private hospitals, etc….
SME'S are described as businesses with fewer than 250 employees, and they can be further
divided into;
A) MICRO ENTERPRISES
A micro-business, also known as a micro-business, is a small company with a small
workforce.
By delivering a product or service in their communities, these businesses help to improve the
lives of people in developing countries. A micro business has less than ten employees.
B) SMALL ENTERPRISES
A small business is one that employs between 10 and 49 people with the goal of making a
profit.
Small companies produce more patents than large corporations. Employees will have more
ability to innovate, work independently, and make decisions as a result of this.
C) MEDIUM ENTERPRISES
A medium enterprise has between 50 and 249 employees.
A) MULTINATIONAL ORGANIZATION
The multinational corporation is a worldwide non-profit enterprise so seeks according
to associate particular production demand. The point of a multinational corporation is to
make profits for stockholders. The organizations are present in more than one country.
Multinational companies maintain production and marketing operations in different countries.
The company may have multiple offices in each region, each of which is managed through a
network of foreign branches.
Multinational companies are large businesses that operate in many countries around the
world. Apple, Ford, Coca-Cola, Alphabet (Google), and Microsoft are only a few
examples.
B) INTERNATIONAL ORGANIZATION
An international organization is a community of people who share common values and work
together to accomplish a common purpose, such as human rights or environmental
protection. Basic political and social shifts and reforms are discussed by the international
organization. You should campaign for greater legal and economic accountability, making it
easier for a multinational company to fulfill deals and conduct business. An international
organization can provide them with security, trade opportunities, stronger partnership
opportunities, and, eventually, a stronger voice in the international arena. Smaller states will
benefit from international organizations by gaining economic strength.
Examples;
The exchange in products, services, technology, money, and/or information across national
boundaries and on a global or transnational scale is referred to as international business. A
significant advantage of international trade is market diversification.
It helps in the advancement of a country's growth prospects and the creation of additional
employment opportunities. International companies make it easier for people to use goods
and services from other countries to help them better their living conditions. When
businesses become more aggressive and diverse, their corporate vision expands.
Psychology borders
In certain cases, border psychology’s collective mental system reflects the psychic
processes that describe the character of some people with border disorders. Examples are;
thinking psychology.
Economical borders
Economic borders mean a measure of country’s or region’s degree of economic growth.
Examples are; Country’s region
Cultural borders.
Cultural border is a line that separates people based on their race, such as language and
religion. (Examples)
8) TRANSACTION
A transaction is an exchange between a buyer and a seller to trade goods, services, or
financial properties. Depending on whether the business uses accrual accounting or cash
accounting, a transaction can be reported in advance or later. This Provide features for use
in custom business packages, such as the ability to access data, communicate with
computers, and design and monitor the user interface.
Examples of accounting transactions are:
As we all know that exchange between countries are import and export services, as
examples;
Srilanka import
9) GLOBALIZATION
Globalization is a term used to describe the increasing interrelationship of the sector's
economies, societies, and populations, as a result of cross-border trade in products and
services, technology, and investment, human, and data flows.
OFFSHORING
Offshoring is the process of exporting activities to remote areas, typically with the help of
businesses from developing countries, with the intention of lowering the cost of doing
business. The process of moving company operations from one country to another across
the globe.
Examples are; a company located in the United States producing items in Mexico is an
example of offshore.
OUTSOURCING
Outsourcing is the practice of transferring some company tasks to third-party service
providers. Outsourcing services were once only available to large, international businesses.
In many situations, outsourcing services aren't just a cost-cutting tactic; they're a need.
Company is an important method in which an organization employs a third party to provide
services and manufacture products that were previously done in-house by the company's
own employees and staff. Examples are; supply chain management, accounting, customer
support and service, marketing, computer aided design, research, design, content writing,
engineering, diagnostic services
FDI -: when a corporation invests in and retains leverage over business ventures outside of the
country.
FDI FLOW -: after inflow and outflow, the amount of FDI undertaken over period.
FDI STOCK -: Total value of foreign assets accumulated over a period of time.
LOL 02
TASK O2
01)ROLE OF TECHNOLOGY
Globalization and trade barriers, a lack of common ethical standards, transportation costs,
and information exchange delays have all been overcome thanks to technology.
Countries that have been able to integrate are seeing faster growth and reduced poverty.
The World Wide Web connected the world in a way that was not possible before and made
it much easier for people to get information, share and communicate. It allowed people to
share their work and thoughts through social networking sites, blogs and video sharing.
c) Ecommerce
In reality, technology plays a key role in many aspects of the e-commerce value chain,
including recruiting, marketing, and advertisement, to name some.
E- E-commerce businesses should adapt and customize their marketing efforts to provide a
more satisfying experience and attract more customers, and the following are the different
forms of E-commerce;
d) Transportation technology
Connected and autonomous vehicle technologies will help maximize highway use,
potentially saving billions in infrastructure expansion costs in the future.
e) Social media
Presentation apps, groupware, email systems, telecommunications networks, Voice over
Internet Protocol communications, videoconferencing, social networks, online chats, virtual
message boards, and websites are all examples of technology that lends itself well to social
networking.
Soft logic Holdings is represented in the healthcare sector, there are some of the example
as follows;
For the nine months ended December31,2020, Soft logic Holdings PLC's gross profit was
Rs. 18.8 billion, with a quarterly gross profit of Rs. 7.8 billion. During the quarter, group
turnover increased at Rs. 22 billion, while overall revenue for the first nine months of the
financial year was Rs. 57.9 billion.
Dialog Axiata PLC is one of Sri Lanka's major telecommunications service providers, as well
as the country's largest mobile network operator, with 16.287 million customers, or 57
percent of the country's smartphone market. Dialog is the fifth largest listed company in Sri
Lanka, with a market capitalization of LKR 86.3 billion (US$573 million) as of February 2017.
In2015, the "Dialog" brand was priced at LKR 28.6 billion (US$204 million), making it the
third most profitable company in the United States, according to business publication LMD's
annual research. Dialog uses 2.5G, 3G, 3.5G, and 4G LTE 5G network services, and on
August16, 2006, it became the first operator in South Asia to begin commercial 3G and
HSPA+ operations. Dialog Axiata is an investor under the supervision of the Sri Lankan
Board of Investment, and has invested US $1.96 billion in the growth of telecommunications
infrastructure, making it the single largest ratepayer in terms of Sri Lankan foreign advice
funding (FDI) to present. Dialog Global, Dialog Axiata's international arm, provides global
services such as voice tourism in 230 countries on 670 networks and 4G LTE roaming in 88
countries on 210 networks, as well as bilateral agreements with global carriers. Supun
Weerasinghe is the CEO of Dialog Axiata, which has annual revenue of about Rs 120,141
billion and a value of Rs 187,692 billion on assets held by Dialog. Dialog hires about 2225
Name of Legal Size and Mission Vision Values Products and
the entity scope services
company
Dialog Public Large To be the leader in To be the Create the Fixed phone
company Ltd scale providing technology leader in inter future. service.
company industry enabled communication, Responsibl Digital
(PLC) communication that resulting in the e education.
reaches multiple empowerment leadership. Business
human senses and and enrichment networks.
facilities through of Sri Lankan
confirming and the and lives and
provision of quality businesses at
services. all times.
03)STAKEHOLDER ANALYSIS
A stakeholder is someone who has an interest in a company and may affect or be influenced
by anything. Investors, staff, consumers and suppliers are the key stakeholders.
2. DIALOG COMPANY
Low interests – high High interest – high power
power
CEO
Government
Share holders
Environmental Agency
Media
Low power - low interest Low power- high interest
Customer Managers
Employees
Distributors
i. Responsibilities:
Government CEO
Media
Low power - low interest Low power- high interest
Customer Managers
Employees
Distributors
i. Responsibilities:
TASK O3
a) HUMAN RESOURCES
Human resources management or HRM is described as the process of people management
within the organizing, which includes recruiting, firing, coaching and motivating employees. A
very good example of human resources management is when an organization recruits
temporary employees and trains them.
b) MARKETING
The process through which a company encourages the consumption or sale of a product or
service is known as marketing. Marketing includes advertising, selling, and delivering goods
to customers or other businesses. Associates help a company advertise its products.
Example-: Television ads, billboards on the side of the road, and magazine adverts are all
instances of marketing at work.
Promotional channel
Product and service management.
Distribution
Selling
Distributing
Create value to the customer
Identifying customer needs and wants.
c) FINANCE
Finance management refers as strategic planning, coordinating, directing and controlling of
source of collecting in an institution or institute is referred to as financial management. It also
involves applying management concepts to an organization’s financial assets, as well as
playing an important role in economic performance.
Example-: Individuals must manage monthly budgets, spending, and shopping, among
other things.
d) OPERATION MANAGEMENTS
Operation management is a division of management which is concerned with the
development of production processes, and reorganizing in terms of effects and services. The
word operations management refers to the planning, arranging, and overseeing of
operations in the settings of production, manufacturing, or improving connectivity. As a
result, it is delivery-oriented, guaranteeing that an organization efficiently converts inputs to
outputs.
Example-: If a company makes furniture, it must make decisions about obtaining wood and
fabric, hiring and training employees, the placement and layout of the facility, and buying
cutting tools and other manufacturing equipment, among other things.
It helps in specializing by allowing you to do more or better work in less time. It helps in the
establishment of teamwork because staffs in a department are well qualified in their
respective positions, so they can easily coordinate with each other at the branch level. It
supports the agency in performing work in accordance with the function, preventing any work
duplication. It helps to facilitate training.
DIS-ADVANTAGES
It could create a lack of unity. Since projects are managed by many functional managers,
clients cannot obtain much more down project status. It has the ability to weak on the
LOL 03 AND 04
1. SWOT analysis
Swot analysis is a useful planning technique that helps an individual or company
recognize strengths, weaknesses, opportunities and risk in business or project planning.
S- Strength
W-weakness
O-Opportunities
T- Threats
a) operational inefficiencies
b) in certain cases, unsatisfied customer service
Opportunities-
External factors that may provide a competitive advantage to a company are referred to as
opportunities. A car maker, for example, may export its cars into a new market if a country
lowers taxes, rising revenue and market share.
Venture into international markets like China and Asia pacific
Threats
Threats are factors that have the potential to cause harm to a business. A drought, for
example, poses a risk to a wheat-producing business because it can kill or reduce crop
yield. Other common challenges include rising material prices, increased competition, and a
limited labor supply, among others.
a) Saturated mobile market in Australia.
b) complex telecom regulatory complaints
c) different laws in different countries
d) rapidly changing technology
e) strict regulations
f) increasing competition
2. PESTLE ANALYSIS
A PESTLE analysis is a method for analyzing the main factors affecting an organization from
the outside (Political, Economic, Sociological, Technological, Legal, and Environmental). It
provides people managers with information about the external factors that affect their
business.
P-political
E-economical
S-social
T-technological
E-ethical
L-legal
Political Factors
Political factors affect how the government works collaboratively in the economy. Political
factors include tax reform, labor law, environmental law, trade barriers, taxation, and political
stability.
1) Government policy
2) Foreign policy
3) employment practices
4) health and safety laws
5) environmental laws
Economic factors
The success of a country's economy is influenced by economic factors. Economic growth,
exchange rates, inflation, interest rates, consumer income, and unemployment rates are all
considerations. These factors can have a long-term direct or indirect impact on a company
1) Inflation rate
2) Exchange rate
3) taxation
4) economic growth
5) bank interest rates
Social Factors
Population development, age distribution, health literacy, work patterns, and other variables
are some of them. These variables are particularly interesting because they have a direct
impact on how marketers understand consumers and what motivates them.
1) cultural beliefs
2) religious beliefs
Technological Factors
Technological factors are variables related to the existence, availability, and development of
technology. This may be a factor in anything from computing power to engine efficiency.
1) communications
2) online technology
Legal Factors
They are the factors that have an effect on businesses as a result of or in direct role of
government regulations. They have a significant impact on how businesses operate, how
much money they collect, and how their customers behave.
Ethical factors
Ethics are important because they discuss both corporate and social responsibilities. These
PESTLE factors may be vulnerability or an advantage for an organization or company,
depending on the situation.
reduce poverty
Table 9
Good economic background -The economic history plays a significant role in the corporate
world because it is used to classify an organization's growth, as well as its success and
failure. The advantage of a strong economy is that if a company runs out of jobs, they can still
hire workers at a low cost.
High technological development - Tech companies and robotic process automation help
telecommunications companies improve customer support and loyalty, and artificial
intelligence drives these technologies behind the scenes.
Obey the rules and regulation- Employees who follow laws and regulations are better able
to understand what is required of them and what will happen if they break them. As a result,
the team performs better when everyone follows clearly communicated rules and regulations,
and the organization profits more.
Less moral and religious values because of increased population - Though religious
attitudes and perspectives can lead to workplace conflict, religion can also encourage
positive values to arise. Religion, for example, may have a positive impact on a worker's
commitment, productivity, and connectivity.
Loss of human habitat - Employees can find it difficult to establish and maintain a
successful relationship with an organization that lacks human resources. If workers are
dissatisfied with their employment or with the business, production will suffer, and income
may suffer as a result. In case of human habitat, the net income or the business growth
would be falls down.
Reduce poverty- Reduced poverty helps to reduce people's financial stress and allows
them to live a life in which they can meet their basic needs and desires. As a result,
businesses can sell more goods and services and gradually grow.
Changes in the life of local people- the value of changes in the workplace encourages
workers to gain new skills, pursue new opportunities, and exercise their creativity in ways
that support the company through new ideas and increased engagement.
Increases the income inequality - If income inequality has an effect on how people
behave... Their ability to invest in education and their lower health levels, among other
things, can have an impact on their development. Its demand for goods and services may be
reduced. They can obtain savings, which banks can then lend out, resulting in increased
investment in the economy.
Changing attitudes and population- A negative work environment and poor motivation
may result from a negative work environment. As a result, there is a decrease in productivity
and trouble retaining workers. It is important to shift workplace behaviors so that they are
supportive and friendly to a healthy business climate.
Too many laws prevent economy growth – new form tax will be increase, business cash
flow will be going down.
b) Economic factors: Both the organization's output and the consumer's decision-
making process are affected by the economic climate.
Example-: The amount of light, temperature, and disturbances in your office may all
have an impact on your productivity. Working in a workplace with insufficient light might
cause you to get stressed.
d) Technology factors: The skills and expertise used in product and service
production, as well as the technology and materials required, all have an influence on the
Smooth performance of the company and must be considered.
e) Political and legal forces: Political and/or legal events affecting the
organization and its markets should constantly be considered when making marketing
decisions.
Example-: Political factors can have an influence on a company by making the market
climate more or less favorable to it. Governments often possess a lot of control over
businesses, and there isn't much that businesses can do about it.
f) Social and cultural forces: The social effect of the products and services your
company puts to market must be examined. To establish that your company is socially
responsible, any parts of the manufacturing process or goods that are damaging to
society should be removed.
Example-: The environment is a current example of this, with many industries being
pushed to rethink their goods or services in order to become much more economically
beneficial
b) Re-sellers- if the product is taken into the market by 3rd party re-sellers such as
retailers, whole sellers, then the marketing success is impacted by those re-sellers.
c) Customer - who the customers are and their reasons for buying the product will pay
a large role in how you approach the marketing of your products and services to them.
d) Competitors – those who sell same or similar products and services as your
organization and the way they sell it needs to be taken into accounts.
Example-: Two fast food chains are McDonald's and Burger King. Indirect competitors
are businesses who provide a product or service in the same category as you, but that is
unusual enough to serve as a replacement for your product or service. McDonald's and
Subway are two examples of fast food restaurants. Frozen dinners are sold by
McDonald's and Stouffer's, for example.
e) General public – any org has a duty to satisfy the general public. The company
should consider how any action of them can affect the general public. General public has
the power to help the company to reach its goals; they can also prevent the company
from reaching its goal.
CONCLUSION
Due to a lack of information on the organization, I had great challenges in collecting
information about it, and identifying the organization's negative and positive features was
hard. I faced difficulties to provide the reference. In any event, I gave it my best for this task.
This is my first time completing a task. Mr. Shankar and the other BCAS professors
supported me in performing research work for this project, and I'd want to say thanks to
them.
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