Business environment

This assignment needs to be based on my last paper. I have put up my last paper below.

Learning Outcome 3: Promote the business entity’s compliance in accordance with internal and external requirements.

Key Elements

a) Internal and external compliance requirements of the business entity.

Internal compliance: quality management, health and safety, privacy, strategic and risk management, audits and reviews; reporting; and other industry-specific compliance.

External compliance: laws and regulations, external evaluations and immigration.

Range: Evidence of promoting at least one internal and external compliance requirement of the business entity is required.

Submission Requirements

HOW TO SUBMIT ASSIGNMENTS

ICL Assessment Instructions

Word Count: 1500 WORDS (+/-10%)

Report: Minimum 750 words per section

1. Discuss how you would promote internal compliance (a practical plan or policy that you would implement) within the organization you have chosen in assignment 1 (one), ONE of the following or other relevant one:

· quality management,

· health and safety,

· privacy,

· strategic and risk management,

· audits and reviews; reporting; and other industry specific compliance

30 marks

This is an example. For this assignment, we need do the table on question 1 and question 2 like this. About PB TECH.

2. Discuss how you would promote external compliance (a practical plan or policy that you would implement) within the organization you have chosen in assignment 1 (one) of the following or other relevant one:

· laws and regulations,

· external evaluations and

· immigration

30 marks

This is my last assignment.

PB Tech Business Environment

Introduction & Background of the selected organization

PB Tech is founded in 1993, it is New Zealand's largest computer and electronic technology information company and retailer. With a team of over 600 employees, including service centers nationwide, PB tech is primarily responsible for selling electronic products and repairing electronic equipment systems. Over the past 25 years, the company has built a strong and trusted brand and reputation for providing leading technology products and services to customers in the home, business and government sectors.

Question 1

1.1 3 Key internal concepts

Vision & Mission

The company is mainly established as a leading supplier of technology products for homes, the public sector, and similarly private ventures. Moreover, the vision is found to be able to count the many different companies as the customers for PB Tech. So the company wants to establish a more robust command of the market so that the large companies operating within the New Zealand market, such as the government, the large companies, and the academic institutions, as part of their customer base. The company's mission is mainly to combat the high prices through the call-up of significant computer businesses to establish a more robust interaction and create group buys. Making purchases from overseas suppliers will give them better bargaining power regarding product prices for computer products. Through the approach from the overseas market, there is a greater possibility of continued revenue generation as the company can buy at lower costs and increase the local market pricing to create a significant difference all along.

Corporate values and culture

The company values create a significant impact on the different value creation within the company's daily operations. It creates a substantial effect on the development and continued improvement of these different approaches within the organization (Dempsey, 2015). It makes a significant impact towards creating cohesion and establishes a team commitment in the workplace. The aspects of value and ensuring that employees are well conversant with the same show a more robust market approach. It helps develop a better interaction within the organization.

Strong brand

PB TECH is an influential company that has now reached a large scale and has branches almost everywhere in New Zealand. The standard of influence is to have a strong brand, which can attract customers to trust the company and frequent it, which is important for the company's long-term development.

1.2 One Internal factor and impact on business function

The internal business The strengths of PB TECH have strong Brand, online shopping, can delivery, high quality, abundant inventory and good service. The pb tech has these advantages that can make their company increase sales and get high feedback. Customer service is an act of providing support to the masses usually collect customer questions and suggestions for answers, and now it also has the function of self-service seeking. In the PB tech, there are pre-sales service and after-sales service. Generally, peaking most of the pre-sales service is to introduce customers to the advantages, functions and methods of the product, and the after-sales service is mainly to answer the questions and feedback that customers have after using the product.

Additionally, a different function would involve the aspect of research and development. The other values established within the organization would, in a significant way, help establish a greater force that would in a way help the continued improvement of products. Understanding the culture would help create products that would help compete within the industry and ensure that the future of the organization is secure and there is a better influence within the market it serves.

Generally, within the internal environment at PB Tech, there is a more significant impact created by these different factors and would require continued analysis to establish a greater force and continuously establish a substantial understanding of the other risks attached. By early identification, the risks are well managed and would significantly demonstrate a more significant impact on the company's general performance. It’s essential to establish such an effort and create an interaction between the organization's different functions that would help raise their competitiveness within the industry.

Question 2

2.1 3 Key External concepts

The organization's external environment forms one of the significant challenges and solid holds for the organization in achieving the success it sought. However, it's essential for PB tech that understanding its external environment creates a positive impact and ensures that the different processes are well established to provide a continuous improvement in the long run.

Economic environment

The first external factor would involve the concept of the economic environment. Resource availability is a significant factor that organizations need to understand and create a considerable force towards achieving. Readily available resources establish a continued push towards production and similarly be able to satisfy the customer needs. More excellently, the availability of different computer components would influence the performance of PB Tech within the industry. Having a reliable source for these components would, in a more excellent way, help in delivering fast services to consumers and establishing a more significant impact on their operations.

Technology development

The tech would continuously evolve and create a need for organizations to engage a more significant influence and constantly make a positive impact and understanding of the environment. It is necessary to follow the development of current trends to ensure that the level of competition among organizations in the industry is higher than that of other companies. The gradual or uncertain changes in technology force the organization to create a shift that would, in a way, disrupt their current operations to accommodate the existing options. As a leading tech company, PB Tech continues to significantly impact the development and creation of needed technology as innovation continues and creativity is maintained within the organization for a better future.

Demographic, social and cultural factors

The current location of a business is a critical consideration in making a progressive push within an economy. Understanding the different needs of the market shares helps establish a more substantial influence on the business performance. Continuously, the market changes, and thus there is a need to develop similar changes and create a positive impact within the industry (Mirfardi, 2011). PB Tech is situated in a culture that would, in a significant way, influence the different ways through which performance of creativity is established to suit the cultural needs of the organization. Being aware of these needs continues to help PB Tech positively impact the market and develop more significant support in their functions and business approach within these communities.

2.2 One External factor and impact on business function

The economic environment is one of the significant factors that would influence the different business functions and help in the development and continued growth of the organization. Having a more excellent source of resources would significantly establish a more substantial impact on the different outcomes of the business. The approach affects other functions of the company and would require critical analysis to develop a progressive push in the long run.

The affected functions by the economic environment would involve the aspects of finance. Being the hub of the business, finance requires consistency and continued engagement that would help in delivering value and which would in a positive way help the organization perform well in the market (Maré, 2018). Having a more robust understanding of the business economic environment would help in the smooth availing of finances and hence a continued progressive approach within its operations. It's essential to establish a more significant impact and ensure a positive impact and progressive approach within the organization.

A second function that is mainly affected by the economic environment within an organization is primarily the sales and marketing function. Having to record more excellent daily sales would become attached to their ability to advertise and mass within the market (SARICA, 2014). More excellently, a quality product would influence the sale volume within the industry and would similarly affect the organization's revenue. Having the availability of resources establishes a more substantial impact on the sales volume and the continued marketing approach. Establishing a proper marketing approach would require creating a better flow of resources that would enable an individual to make a positive impact and, in a significant way, help establish a continued impact on the business performance.

 

Question 3

3.1 The Treaty of Waitangi

The treaty as well known to the business people within New Zealand, is one of a kind that has continuously favored many bonuses within the state. With its primary purpose as continually creating a better working environment for the business people, the treaty of Waitangi continues to protect the Maori culture through its provisions and similarly through the different approaches it established. The treaty fosters the system to other principles that continuously govern the business operations within the NZs state and contribute to a better future for the business in the long run.

Through the treaty, individuals are in a better position to create a positive impact. They would work freely within the business through a continued engagement of these principles and observe the government's regulations (Kawharu, 2018). It’s a critical approach that became established and aimed to protect the business people, helping them participate within the business and receiving protection in the long run. It's a vital force that would guard the relationships created between the government (Crown) and the ordinary people who continuously establish support for the business in the long run.

Some of the examples that would relate to the business activities and operations of PB Tech would involve the importation of products to the country. Another example would apply the concepts of business growth through the establishment of different branches within the country. The freedom to operate within the New Zealand market is one of the significant aspects that continue to thrive for the treaty of Waitangi (Ludbrook, 2014). It supports most of the businesses operating within the market.

3.2 Policy and procedure design to meet Bicultural partnership.

The PB Tech business environment fosters a greater need for the business to establish a more substantial influence towards continued performance within the industry. It's essential to create this through the different approaches to change and similarly through the continued engagement of the culture. Bi culture is one of the significant needs that would influence the business operations and performance of the company (Huang, 2017). In the future, PB Tech would require establishing policies that would govern the aspects of culture. Guidelines that would significantly adhere to and appreciate diversity within the workplace and demonstrate a significant positive impact in the long run.

Significantly, the business procedures must establish a more substantial impact towards the development and creation of better performance within the business. The procedures specified in the business operations must create a favorable implication and support the aspect of bi culture in all ways and means. It's critical to establish a more substantial impact and ensure that individuals' creativity and continued engagement are found through the different positive implications. Biculturalism is one of the characteristics of Maori. For example, they use the language of New Zealand cultural background and heritage cultural background (Maori). Both Maori and non-Maori work at PB tech, which embodies a bicultural partnership. The Maori working in PB have the ability to communicate in English and Maori. When Maori customers access PB technology but cannot communicate in English, Maori employees can welcome Maori customers and introduce them to the company's products.

Question 4

Conclusions and Recommendations

PB Tech is a large organization and plays a critical impact within the technology market in NZ. It's a leading producer and similarly supplier of computer accessories within this market. Looking at its performance within its environment, it’s critical to understand that the company's internal environment would require a push to ensure that risks emanating from the internal environment are correctly mitigated. Significantly, the external environment must be boosted. A good approach would be the continued management of the economic environment that would contribute to continuous improvement in the products supplied by the company.

We would conclude that the internal and external environment of PB Tech affects the business operations and would require critical management to contribute to a positive impact in the long run continuously. For the business to perform well in the market, it requires balancing the different factors and establishing a better improvement in the various functions. It’s essential to develop and create a positive understanding of the same to influence the market better. The company's recommendations would be to establish a better command towards the internal functions by improving the business environment band, creating an understanding between the two environments.

Furthermore, the treaty of Waitangi is one of a kind and continuously helps support the business entities within the New Zealand market. It’s an approach that aims to protect, participate, and partner within the need to create a more significant impact on the business's operations. Finally, it’s critical that the different policies continuously support the approach to Bi culture and that there is a continued improvement in the procedures to establish a more robust command for the same. Significantly, it's a greater need to develop these approaches to help the business relate well with its clients and establish a more substantial impact on its business environment. PB Tech is a critical stronghold in the New Zealand market. It would require showing a more significant influence on its business environment to be well-positioned to achieve its future visions and aspirations in the long run.

References

Dempsey, J. (2015). Moral Responsibility, Shared Values, and Corporate Culture. Business Ethics Quarterly, 25(3), 319-340. doi: 10.1017/beq.2015.31

Huang, S. (2017). The Relationship Between Language and Culture: Evidence From the Deaf Bi-Bi Community. Perspectives Of The ASHA Special Interest Groups, 2(14), 55-65. doi: 10.1044/persp2.sig14.55

Kawharu, A. (2018). Arbitration of Treaty of Waitangi Settlement Disputes. SSRN Electronic Journal. doi: 10.2139/ssrn.3179811

Ludbrook, L. (2014). The Principles of the Treaty of Waitangi: Their Nature, Their Limits and Their Future. SSRN Electronic Journal. doi: 10.2139/ssrn.2539314

Maré, D. (2018). The labor market in New Zealand, 2000–2017. IZA World Of Labor. doi: 10.15185/izawol.427

Mirfardi. (2011). Trust and its Relationship to Demographic Factors. Journal Of Social Sciences, 7(2), 168-174. doi: 10.3844/jssp.2011.168.174

SARICA, S. (2014). Regional Economic Growth; Socio-Economic Disparities among Counties. Journal Of Economic Development, Environment, And People, 3(4), 25. doi: 10.26458/jeep.v3i4.82