The business environment covers all the process functions and procedural actions within a business. The marketers evaluate highly the environmental factors to define their ways of solving issues related to the environment. The factors impact the business development and improvement of the products internally and externally. This report chooses Hilton Food Group Plc. The business Hilton group plc is known as a food packaging business which was established in Huntingdon in 1994 and in 2017 started to collaborate with Seachill supplier group to continue the business supply of chilled and frozen salmon in the UK marketplace and over the world.
Several business environmental factors impact the process operation in the packaging business in the UK and in other countries by the Hilton Group plc. This report discusses the structural functions and relations with the environment of the business, its management and governance system within the business. The report shows the importance of the external factors relate and impacts to the Hilton prospects by discussing the PESTLE analytical tool in the engagement of the laws and regulations in the existed country. The external factors significantly impact the business process and functions roles playing relate to the several departments of the business.
Table of Contents
2.0 Structure of Hilton Food Group Plc, its management and how it is governed.
2.1 Overview of Hilton Food Group Plc.
2.2 Organizational structure of Hilton Food Group Plc.
3.0 Evaluate the importance of PESTEL analysis for a business organization.
3.1 Use the PESTEL framework to analyze the external environment of Hilton Food Group Plc.
According to Fernando (2019), Business Environment is defined by a sum or collection of all external and internal factors including all the stakeholders: employees, customers’ needs, choices and expectations, management, suppliers, supply and demand, clients, owners, activities to impose laws and regulations by government, social trends, innovation in technology, market trends, economic changes, etc. that impact the business directly or indirectly. These factors determine the business growth and existence in the marketplace. This report aims to demonstrate the various aspects of Hilton Group Plc and their engagement with organizational structure, management, and corporate governance. Then, this report evaluates the importance of PESTEL analysis for Hilton perspectives.
2.0 Structure of Hilton Food Group Plc, its management and how it is governed
2.1 Overview of Hilton Food Group Plc
Hilton started their business in Huntingdon with the facility of beef and lamb central meat packing and marketing. They also collaborate with several suppliers to serve the customers the best and fresh foods ensuring healthy and tasty foods to eat for life (Grabowski et al., 2019). The business grew gradually from the start-up in 1924, in several countries such as the Netherlands and Australia and Portugal with the collaboration of joint venture business agreements. Hilton has six factories in the fourteen European countries to sell their products in the superstores across Europe. The Market Share Price of the company is 1,176.00 GBX (HILTON FOOD GROUP, 2020).
The business established their business in other four countries by setting their factories to expand their widespread business and enter into the international marketplace. In 2007, the company entered into London Stock Exchange as a Premium listing of the Stock. In the same year, they made an agreement with the famous Superstore business Tesco to supply their products in several European countries like Poland, Slovakia, Czech Republic, and Hungary. The company started joint ventures business with a leading Dutch vegetarian manufacturer, and acquisition having SV Cuisine with a UK based sous vide products and manufacturer. In a recent attempt by 2020, the Hilton to invest to supply Delhaize in Belgium.
2.2 Organizational structure of Hilton Food Group Plc
Business structure outlines how specific activities are directed to attain the goals of the business organization. These activities include responsibilities, rules, roles, and functions of the several human resources engaged in the business. There are several types of organizational structure used by the business organization and Hilton applies functional organizational structure within their business (Williams, 2019).
Management of Hilton Food Group Plc
The management system of the Hilton Food Group plc is the director of the board governing system in which the managers are of two types: executives and non-executives. The executive chairman on behalf of the company and owners appoint the executive directors to control the employees and other personnel within the business. The business runs their managers to attain the business goals and thus they recruit the most talented experienced officers in their management. The management system enables the company to lead the business properly through a systematic organizational culture.
Governance of Hilton Food Group Plc
There are nine members on the director board of the Hilton Food Group Plc. They perform their duties respectively as executives and non-executives. There are three persons who serve as executive officers as the Executive Chairman and the Chief Executive Officer and Executive Director. And other six board members are seen to serve as non-executive directors (Dratler and McJohn, 2020). The chief financial officer plays a vitally important role in the development process of the company. He cooperates and communicates with the shareholders from various levels and with the other boards to share the real conditions of the financial records of the company. He ensures checks and balances of the finances for Hilton Group…………………………..