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BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION 1 TASK 11

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Added on  2019-12-03

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BUSINESS ENVIRONMENT TABLE OF CONTENTS OBJECTIVE 1 TASK 11 1.1 Purpose of different kinds of organizations 1 1.2 Extent to which an organization is achieving objectives of its stakeholders 2 1.3 Responsibilities of an organization and strategies adopted to fulfill them 2 2.1 Ways in which economic system allocate resources effectively 3 2.2 Impact of monetary and fiscal policy on an organization activities 4 2.3 Impact of competition policy and other regulatory mechanisms on British airways 4 TASK 25 3.1 Market structures affecting pricing and output decisions for BA 5 3.2

BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION 1 TASK 11

   Added on 2019-12-03

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BUSINESSENVIRONMENT
BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION 1 TASK 11_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Purpose of different kinds of organizations......................................................................11.2 Extent to which an organization is achieving objectives of its stakeholders...................21.3 Responsibilities of an organization and strategies adopted to fulfill them.......................22.1 Ways in which economic system allocate resources effectively......................................32.2 Impact of monetary and fiscal policy on an organization activities.................................42.3 Impact of competition policy and other regulatory mechanisms on British airways.......4TASK 2............................................................................................................................................53.1 Market structures affecting pricing and output decisions for BA....................................53.2 Different ways in which market forces shape organizational responses..........................63.3 Business and cultural environment influencing working practice...................................64.1 Significance of international trade to British Airways.....................................................74.2 Impact of global factors on BA........................................................................................84.3 Impact of policies of European Union on UK business organizations.............................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONBritish airways is the UK largest airline company which is operating its flights in severalnations of the world. In this report, stakeholders and responsibilities that company needs toperform towards them is discussed in detail. Apart from this, tactics that a firm is following tosatisfy needs of the stakeholders is also described in detail in the report. After that monetary andfiscal policies are also discussed in detail. Along with this their impact on organization is alsodescribed in detail. At the end of report, international trade and its benefits to company isexplained clearly.TASK 11.1 Purpose of different kinds of organizationsThere are many organizations and these are described below.Public organizations- These are those organizations that are operated by thegovernment . The m,an aim of these organizations is to ensure create an employmentopportunities and to give a better quality of working life and environment to theemployee’s at the workplace. Hence, due to this reason many people prefers to do job ingovernment owned companies.Private companies- These are owned by the individuals and their main purpose is tomaximize profit and minimizing a cost (Leung, et.al., 2005). These sort of firms takescare of their employees because they assume them as important resources which play aprominent role in the firm success. Non profit organizations- These are those organizations whose main aim is to help needypeople. These organizations helps people like those who are mentally unsound andphysically crippled etc. Thus, they continue organize social welfare activities in order tohelp needs people.British airways ParametersParticularsVisionVision of British airways is to become a premium airline in theUK.MissionIn order to a achieve vision mission is prepared and that ofBritish airways is to bring innovation in the technology. 1
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ObjectivesIn order to achieve vision and mission an objective is prepared.Objective of British airways is to create an environmentfriendly image. In this regard firm will innovate its technology.This will help firm in achieving its mission.Short term objectivesShort term objective of the firm is to create its environmentfriendly image. This image will create a distinct image of thefirm and will justify its premium pricing strategy.1.2 Extent to which an organization is achieving objectives of its stakeholdersBritish airways achieving following objectives of its stakeholders. Shareholders- The main objective of the shareholders is that they get good return on theinvestment and firm in which they makes investment have transparent system. Britishairways is earning good profit and its corporate governance is also good. Hence, it isachieving objectives of its shareholders.Creditors- Firm is taking debt from banks and business friends. Creditors always desiredthat they receive debt on time (Leung, et.al., 2005). British airways is using a cashmanagement strategy in order to ensure that timely payment is made to the creditors.Thus, in this way firm is achieving objectives of its stakeholders.Government- Objective of government is to receive tax on time and at accurate value.British airways does not face any allegations regarding irregularity in tax payment.Hence, it is achieving objectives of government as its stakeholder. Customer’s- Objectives of the customer’s is to receive quality service for the paymentthey made to the firm (Porter and Kramer, 2011). Over the years company improve itsservice quality and provide many new services to the customer’s. Hence, it can be saidthat company is achieving objective of its stakeholders.1.3 Responsibilities of an organization and strategies adopted to fulfill them Shareholders- In order to fulfill responsibilities towards shareholders firm is preparing astrategies that increase its presence in new routes. Due to this reason firm profitabilityincreases and it is able to give good returns to the shareholders (Tan and Tan, 2005). Inorder to make system transparent it change its board members in specific time period.2
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