ILM Level 5 8607-507 Understanding the Organisational Environment Assignment Help in the UK

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Assignment Task 1: Be able to analyze how an organisation is affected by the macro-environment.

AC 1.1 Analyse own organisation using PESTLE

In the analysis of your company using PESTLE, you should consider the following six factors:

1. Political: Observe the influence of political actions and stability plus the rule of law on your organisation.
2. Economic: Analyze the influence coming from economic trends, inflation, interest rates, and unemployment within your business.
3. Social: Consider the demand that changes in demography or other cultural change can create and how it influences your demand.
4. Technological: Identify emerging technologies, new inventions, and cybersecurity risks that affect your operations.
5. Legal: Show the appreciation of the laws, regulations, and compliance measures that affect a business.
6. Environmental: These will include environmental issues such as climatic change, sustainable practices, and issues of waste disposal.

AC 1.2 Evaluate the strengths and limitations of using PESTLE as a strategic diagnostic tool.

Strengths of PESTLE:

• Comprehensive: It examines the major external influences on an organisation.
• Opportunities and Threats Identification: It helps the spotting of growth opportunities and potential risks.
• Versatile: A tool that can be applied across industries and in any part of the world.
• Holistic: Employs a wide-angle view of the environment.
• Easy to use: Simple for strategic planning.

Limitations of PESTLE:

• Over-Simplification: It misses the intricate interdependencies of the environment.
• Static: The snapshot at a particular time frame, which may soon become outdated in fast-changing environments.
• Low Specificity: General categories will result in very general conclusions.
• Subjective in Nature: Each may interpret the findings differently.
• Exclude Intrinsic Factors: organisational, internal, and other such elements are not considered, thus depriving the analysis.

Assignment Task 2: Understand the impact of economic and political factors on the organisation.

AC 2.1 Assess the impact on the organisation of one economic factor from the PESTLE analysis.

It is the price increase. Inflation works to lower the purchasing power and has an impact on businesses in the following manners:

• Higher costs: The increased price for raw materials and higher wages squeeze the margins of the profit.
• Decreased consumer spending: There is decreased purchasing power that led to decreased demand for products.
• Pressure on wages: Businesses may need to raise wages, which will increase operational costs.
• Higher interest rates: Central banks may increase interest rates to reduce inflation. Borrowing will be expensive for businesses and consumers who were earlier borrowing at relatively low rates.
• Profit Impact: Decreased demand and increased prices may consume all the profit, forcing a company to seek efficiencies or reduce costs.

The bottom line, inflation raises problems for any organisation concerning its cost, demand, and profitability. Some organisational adjustments are needed in this regard.

AC 2.2 Assess the impact on the organisation of one political factor from the PESTLE analysis.

The political factor can be a very important one for an organisation, and that is the government regulation policy. In case the government introduces tighter environmental laws, companies in industrial sectors like manufacturing or energy might experience higher production expenses owing to the requirements to abide by the new rules. 

It could be a paradigm shift in business practices and procedures because companies may have to spend more money on new technologies or orient their whole process according to compliance, which might affect profitability and long-term growth and sustainability.

Assignment Task 3: Understand the legal environment within which the organisation operates.

AC 3.1 Assess the impact on the organisation of one legal factor from the PESTLE analysis.

The laws of labour regulate the rights of the workers. They determine wages, hours of work, and the conditions. These directly affect organisations in the following ways:

• Compliance Costs: Underneath this category lie the expenses incurred by organisations due to compliance with labour laws. Some such costs are the consultation fees incurred at a lawyer’s chamber and training to the human resource personnel.
• Employee Satisfaction: Compliance with labour laws brings employee satisfaction, lower turnover rates, and higher productivity.
• Operational Flexibility: Stricter labour laws on working hours and overtime may limit flexibility and increase costs.

Legal Risks: Failure to comply will, therefore, open one to lawsuit cases, fines, and other damaging factors on their reputation.