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BUSINESS ENVIRONMENT TABLE OF CONTENTS Introduction 3 Q1. Identification of stakeholders and purpose of an organization

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Evaluation of the impact of European Union on UK business16 Conclusion 18 References 19 ILLUSTRATION INDEX Illustration 1: Carroll's Pyramid 8 Illustration 2: Types of Market Structure 12 INDEX OF TABLES Table 1: Legal Structure 4 Table 2: Purpose of the Organization 4 Table 3: Stakeholder's Objectives 6 Table 4: Allocation of Resources 8 Table 5: Fiscal and Monetary Policy 10 Table 6: Impact of Competition Policy11 Table 7: Market Structure 12 Table 8: Significance of International Trade 15 Table 9: Impact of Global Factor 16

BUSINESS ENVIRONMENT TABLE OF CONTENTS Introduction 3 Q1. Identification of stakeholders and purpose of an organization

   Added on 2020-02-05

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BUSINESSENVIRONMENT
BUSINESS ENVIRONMENT TABLE OF CONTENTS Introduction 3 Q1. Identification of stakeholders and purpose of an organization_1
TABLE OF CONTENTSIntroduction......................................................................................................................................3LO1..................................................................................................................................................3Q1. Identification and description of legal structure and purpose of different types oforganization..................................................................................................................................3Q2. Stakeholders of the company................................................................................................5Q3. Various responsibilities of an organization...........................................................................6LO2..................................................................................................................................................7Q4. Economic system of a country..............................................................................................7Q5. Impact of fiscal and monetary policy....................................................................................8Q6. Impact of competition policy................................................................................................9LO3................................................................................................................................................10Q7. Determination of pricing and output decision in different market structure.......................10Q8. Market forces which shape short and long term organizational responses.........................12Q9. Assessment of business and cultural environment which shapes the behavior oforganization................................................................................................................................13LO4................................................................................................................................................13Q10. Significance of international trade....................................................................................13Q11. Impact of Global factor.....................................................................................................15Q12. Evaluation of the impact of European Union on UK business.........................................16Conclusion.....................................................................................................................................18References......................................................................................................................................192
BUSINESS ENVIRONMENT TABLE OF CONTENTS Introduction 3 Q1. Identification of stakeholders and purpose of an organization_2
ILLUSTRATION INDEXIllustration 1: Carroll's Pyramid.......................................................................................................8Illustration 2: Types of Market Structure.......................................................................................12INDEX OF TABLESTable 1: Legal Structure...................................................................................................................4Table 2: Purpose of the Organization..............................................................................................4Table 3: Stakeholder's Objectives....................................................................................................6Table 4: Allocation of Resources.....................................................................................................8Table 5: Fiscal and Monetary Policy.............................................................................................10Table 6: Impact of Competition Policy..........................................................................................11Table 7: Market Structure..............................................................................................................12Table 8: Significance of International Trade.................................................................................15Table 9: Impact of Global Factor...................................................................................................16Table 10: Impact of EU..................................................................................................................183
BUSINESS ENVIRONMENT TABLE OF CONTENTS Introduction 3 Q1. Identification of stakeholders and purpose of an organization_3
INTRODUCTIONThe situation which is prevailing inside and outside the business organization are termedas business environment. This environment affect the business activities in one or the othermanner and assessment of this environment is highly essential in order to ensure that any of theactivity is not getting hinder due to the influence of these factors. This also aids in identifying thepotential opportunities and prevent the potential threats (Allen and Raynor, 2011). This report ismainly emphasized on the working of of different working organization. Moreover, this reportenables the reader to understand the reason for the existence of organization and thecharacteristic of the country environment in which the business is carried out by a firm.LO1Q1. Identification and description of legal structure and purpose of different types oforganizationFour types of organization has been selected which operates its business in UK. The legalstructure of those organization are described below:Table 1: Legal StructureOrganization's NameLegal StructureVirgin Group LimitedPublic Limited CompanyThomas Cook GroupPrivate Limited CompanyJohn Lewis PartnershipPartnership FirmBritish AirwaysPublic Limited Company Table 2: Organizational PurposeBritish AirwaysResponding thestakeholdersThomas CookResponding thestakeholdersVision as well asMissionBA's vision is tobecome theworld's favoriteairline and also tobecome theGlobal PremiumThe companywants to provideexcellent servicesto buyers at alower prices. Atthe same time, itIt mission is toprovideexceptionalservices tocustomers byemployingThis firm wants toprotect theenvironment byreducing wastageso that it can bestfollow the laws4
BUSINESS ENVIRONMENT TABLE OF CONTENTS Introduction 3 Q1. Identification of stakeholders and purpose of an organization_4
Airline.Moreover, BritishAirways hasdefined itsmission statementas “onedestination whichseeks to ensuretheir customer flyconfident that,together, they actresponsibly inorder to take careof the worldwhere all live in(Halbert andIngulli, 2014).Further, thecompany wantsbecome theundisputed leaderin a world up tillnext millennium.wants to satisfytheir employeesby increasingtheir pay(Cherunilam,2010).exceptionalpeople oremployees whichwill aim to meetthe demands ofcustomers.Moreover itsvision is that itwanted to takepersonalresponsibility inorder to achievethe mission.Further, it wantsto pursueexcellence theydo and displayhonesty and trust(Craig andCampbell, 2012). implemented bythe government.GoalsIt wanted toachieve the visionof GlobalPremium Airline.By increasingefficiency andminimizingwasteful practicesthey want tobecome a leanerand more5
BUSINESS ENVIRONMENT TABLE OF CONTENTS Introduction 3 Q1. Identification of stakeholders and purpose of an organization_5
innovativebusiness.ObjectivesTo introduce thisnew plan in 50%countries tillDecember 2016.To decrease thewaste up to 25%by June 2016(Commander andSvejnar, 2011).Q2. Organization's StakeholdersBritish AirwaysTable 3: Objectives of the StakeholderInternal &External PartiesAssociated withCompanyExternal orInternalAssumptionTargetsAccomplishmentof AimsGovernmentExternalThey want toincrease taxrevenue.To increase thetax rate by 5%.Firm pays the fairtaxes on time.ShareholdersInternalLarge amount ofprofit generationand increase inshareholder'svalue (Didonet,2012).To increase thegrowth of thefirm by 15% bythe end of June2017.Prices of theairline seats havebeen raised by0.5% so that moreprofit generationcan be done.CustomersExternalThey want theexcellent servicesat lower cost.To travel mostlyby flights.BA attempts tomake avail thebest qualityservices to theircustomers.6
BUSINESS ENVIRONMENT TABLE OF CONTENTS Introduction 3 Q1. Identification of stakeholders and purpose of an organization_6

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