Business and Business Environment Report

This report examines the business and business environment, focusing on Halifax Bank Ltd. It analyzes different types of organizations, their structures, sizes, and scopes, and how they link to business objectives. The report also examines the relationship between organizational functions and their impact on organizational structures. Furthermore, it analyzes the positive and negative impacts of the macro environment on Halifax Bank Ltd, applying the PESTLE model to support the details of the micro environment within the organization. The report concludes with a SWOT analysis and its influence on decision-making.

Business and business
environment

Table of Contents
INTRODUCTION...........................................................................................................................1
LO1..................................................................................................................................................1
P1) Explaining the different types of organisations ..............................................................1
P2) Explain the size and scope of the different types organisations .....................................3
MI) Analyse how the structure, size and scope of different organisation link to the business
objective ................................................................................................................................5
LO2..................................................................................................................................................5
P3) Discuss the relationship between different organisation functions and how they link with
organisational objective and structures..................................................................................5
M2) Analyse the advantage and disadvantage interrelationships between organisation function
and the impact of organisation structures...............................................................................7
LO3..................................................................................................................................................7
Identifying the positive and negative impact on macro environment....................................7
LO4..................................................................................................................................................9
P5) Presenting strength and weaknesses of Halifax bank Ltd................................................9
P6) Strength and weaknesses interrelate with external macro factors.................................11
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Business environment is very important for every organisation it provides the various
opportunities in several department like purchase, production, sales of good and services. It is
very help for economic growth and its providing lot of jobs opportunities. According this files it
includes the various types of organisation structures, functions, size and scopes. It also explains
this report the purpose of different types of business enterprise and also describing different
objective that meet from corporation ( Mills, and et.al, 2016). This file also mentions the
strength and weaknesses of the Halifax bank and it also shows the impact of external business.
The main aim of this report to explain all thing which is exit in business environment. It is very
help for growing business. Business environment is referred with the political, economical, legal
or social factors. It is also consisted two factors external and internal environment. External refer
with demographic forces, political forces. Government and legal forces. In other hand is internal
environment is also related with money, machinery, material and man. The aim of this company
earn more profit and providing effective service to their clients.
LO1
P1) Explaining the different types of organisations
There are many types of organisations such as private, public and voluntary sector. The
motives of these corporations are not similar. Private sector are related with owned and run their
business in individual level this types of company’s main purpose to earn profit. Public sectors is
referred with the owned but run by the government and this fund used to maximum time for the
public sector. The main aim of the public sectors is providing important public services and
resources is also use for public well fare. Voluntary sector are consisted with the non-profit
organisation means these types industry run their business only social welfare and it is one more
reasons to run this firm to avoid tax purpose. Example of private sectors IKEA is the private
company its main aim to earn more profit and increasing market share and maximize sales.
Public sector organisation: Halifax Company is the public limited company it main
motive to earn profit as well providing customer satisfaction. It is developing organisation in UK
and it also maintains their position it merged with governor and industry of the bank of Scotland.
It is legally transferred their assets and liabilities of this bank to bank of Scotland. This bank
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also giving various kind of loan facilities to their customer. They also providing the funds,
several types of facilities like loan, saving account, current account, car loan facilities, home
loan, equity funds, shares so many. It also generates their revenue from providing the loan
facilities to their consumer. They maintain their company names and loyalty with clients. It is
very important for every public organisation is to maintain their relationship with people and
providing lot of services. Every public industry main motive to achieve their organizational goal
as well as providing the customer satisfaction. They also provide many funds, giving interest
monthly bases in their saving account.
Private sector organisation: it is related with the individual level firms means own
group like IKEA is a profit making company based on Sweden and providing large number of
services such as furniture’s manufacturing by adopting mean they run their business furniture’s
product they sell their products in new and modern techniques. This firm is serving large number
of consumers and it is largest retailer industry in last 5 years. It main motive to earn more profit,
they increase their sales, promotions of their services, this company intend giving the best with
their consumer and the purpose of this firm expanding their business and managing cist of their
products in effective manners. It also focuses on developing their business in society and
reducing the chances of risks or uncertainty. The organizational structure is it is multinational
company and profit making firm and they involved in retails business and also individual funds
with effective enterprise structures. They have also set their legal structures they also follow the
rules and regulation and spreading awareness to their consumer regarding their product and they
also create health environment their workplaces.
Voluntary sector: it is considered with different organisation and charities means it is
none. Government Company serves for social well fare. These industries also very help for
developing the growth of the economic and providing jobs opportunities and develop week area.
So it is very important. The structures and legal in the voluntary sectors theses company also
follow all the rules they work according to government law rules it is value based organisation.
Voluntary sectors is unique from other two sectors it is not for profit and it not under government
control like public company.
The legal structures of the public company includes organisation that provide the services
such as roads, educations, heath, protection. These are the services are providing through
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financial gain from taxation and the UK national insurances so the public sector spend lot of
money on social welfare. The private sectors industries are single person that providing good
and services and the primary purpose is to make huge profit through financial services,
manufactures, shops they share their profit with owner and shareholder or business partners they
also providing good conditions to their workers being good citizen in the local area and making
good environment and protecting environment.
It is legally transferred their assets and liabilities of this bank to bank of Scotland. This
bank also giving various kind of loan facilities to their customer. They also providing the funds,
several types of facilities like loan, saving account, current account, car loan facilities, home
loan,equity funds, shares so many. It also generates their revenue from providing the loan
facilities to their consumer (Arshad, 2016). They maintain their company names and loyalty
with Clients . It is very important for every public organisation is to maintained their relationship
with people and providing lot of services. Every public industry main motive to achieve their
organizational goal as well as providing the customer satisfaction. They also provide many
funds, giving interest monthly bases in their saving account.
P2) Explain the size and scope of the different types organisations
Size and scope is very important for very organisation. It show the actual performance of
the business and size of the company like if some firms are small so its size and scopes also
little if some organisation is large so its size and scope is also huge it also shows the numbers of
employees, business diversification. The size and scope of the Halifax bank is large number of
employees work in this company and the average age of employees who work with this
minimum 39 years. The also work in flexible hours and the scope of this firms in local national
worker involved in selection charities, received paid time of to volunteer.
IKEA is also very multinational company it sizes is large and earning more profit and the scope
of this industry is expanded their business in different country. This is also giving the better
services to their employees and its main purpose is earning more profit and increasing their sales.
They also providing quality of their services. Large number of employees work with
organisation and they also provide better facilities to their workers. The main scope of this
industry (Arshad, 2016). They also manufacturing their product converting into raw material or
semi finished furnitures items into finished product they also diversified their business in local
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market as well as other country the main aim of this enterprise to earn a more profit and
providing customer satisfaction.
These are the different types of size and scope it very important if the organization have
few employees in their organizational structures and no one how to manage their work or no any
idea how to assignee their duties and responsibility so it is difficult to handle or mange so every
company need to proper knowledge regarding their work product , employees so it is easy for
achieving the goal of the business. If the size of the company is large so many people invest
these types of corporation they also earn huge amount then they also set their big targets as their
enterprise objectives (Arshad, 2016). All industries have common goal to generating more
profitability ratio and serve to consumer but profit level is not same and size is also different.
Firms set their business objectives by reviewing their work scope if the scope of any company is
to serve national consumer, then they will set their business vision consequently. If they sell their
product international level clients their good and services does not require large organisational
structures. If the scope of enterprise of any good or services, items is vast only then firms create
massive business size and create a large scope , otherwise they make small size corporation.
There are fives of a organisation like public, government, private, NGOs, charities and
co-operatives. Halifax bank start their business as public limited company there are several
types of important share holder this company and the corporation has at least one director in
every branch of the company. It has been followed and maintained different kinds of rules and
legislation to protect their business profile as public limited organisation. This bank has arranged
annual general meeting with their other shareholders or financial institutional. The shareholder of
this company select the signal person who takes all the decision about important matters such as
investment, loan, capital and marketing sales. This corporation observed their vision, goal,
objectives and improve their work performance (Arshad, 2016). Vision is related with that
position where the bank want to go the main vision of this banking industry to increasing their
finical product and providing the best finical sources of their customer. The main mission of this
banking sectors to expanding their business rather tan other banking sectors. The banking
operation is depending up the financial institutional or shareholders. They are motivated with
their consumer they get easily way to invest their bank. The main motive of this banking is to
raise their funds as well providing better financial resources to their clients.
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Private and public organisation main motive to earn profit but its size and scope are
different if public company is large size means large number of people, resources business so its
profit margin is also different (Arshad, 2016) . If the private any size scope is small its profit
margin is also different rather then public organisation. The aim of the financial institutional is
raise their net profit and providing the financial supports of the consumers.
MI) Analyse how the structure, size and scope of different organisation link to the business
objective
The structures, size and scope are different but it is direct link to the organization,
because every company main motive to earn more profit so that why this enterprise sell their
good and services in effective way. They maintain their relationships with customer's or
providing quality product so all the structures, size and scope is depend on the corporation
success, if firms improve their performance so businesses run long term. It is very important for
retaining huge amount.
D1) Provide a critical analysis of the complexities of different types of business and
interpersonal of the organizational functions
Interrelationships is referred with the friendship, family relationship, professional
relational ship. These are the different types of interpersonal relations, it is very effective to
achieve the organisation objectives. It creates complexities in businesses like some time conflicts
between employees between subordinates.
LO2
P3) Discuss the relationship between different organisation functions and how they link with
organisational objective and structures
There are several types of organisational function work in different department. It also
refers with the individual employees in organisation must know the position, roles and
relationship with other staff but corporation is the part of group of people and work with
collaboration and they identifying themselves also other (Jiménez, and et.al 2015).
Organisation means group of people work with at one places and the main aim of to achieve the
goal of the business. There are some organisational functional given below:
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To identifying the role of the individual- it is related to the individual person roles, work,
responsibility and position the organisation. Halifax bank identifying the roles of single person
and they provide equal level of assignment. The main of this banking institution is to identifying
the single person needs and want they full their requirement and solving all the problems related
with cash, funds and they generate more revenue from public.
Determinations of authorities- Halifax organisation is also giving the duties of their employees
in different level and the certain purpose of this company to improve their performance they also
provide the different position for their staff and it is very help full for achieving the
organisational goal and they people develop their banking business.
Fixation of responsibility: organisational structures is defines the performance of each person
diving work in different department of the corporation (Arshad, 2016). Halifax corporation is
also dividing the work in different way like finance department, marketing, sales human
resources, operations these are departments are in this bank they work in proper manner
(Jiménez, and et.al 2015). They fix every one duty or responsibility regarding their work.
Specialisation- it is consisted with the organisation using modern techniques and method tho
generate more revenue this bank is also work using specialisation which means the performance
of their worker improves and increasing their skills. Every person develop their skill in special
way (Kemayel, 2015). Halifax bank also work with expert they high special office for
improvement their work as well as worker also develop their skills.
These are the different types of functions in the organisational. These functions play a
very important roles. Through this function every organisation improving their performance and
developing their employees skill. So its very important fir all corporation. Halifax organisation is
also work with using these functions so they also increasing their work efficiency in their staff
as well as each department (Kim, 2016). This bank main motive to earn profit with effective
manner. Every firm make effective plan for achieve their business goal but it is necessary to use
these function it is very for identifying the individual person performance, it also providing the
fixed roles' work and assignee the duty every one equal manner. It is also link with organisation
objectives and its structures also link with these functions. These function is also connected with
organisational objective and its structures like finance department of this bank they want to more
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public invest their share, so they issue more shares in publicly. If most of the customer are
investing this bank so they increasing their revenue and earn more profitability.
The objective of the Halifax organisation is to increasing the work efficiency. So this
company also need to understand their roles in bank operations to do their work in proper way. It
tow or more employees' performance is not good so this the responsibility of this bank manager
to help then understand the real problem and solve that particular issue. Then motivated and
providing effective training it is important organisation structures as well as they also want earn
more profit so they have need to make better decision how can increasing their staff work
efficiency in the best way (Kemayel, 2015). Structures is also help for defining the all
department, jobs, and duties of the employees and it is providing the task and execute the
function of the firm. Banking business is requires task to be completed regularly base. This bank
is also require the employees' performance and they also providing the task so the main purpose
of these concepts is work in uniformity and controls this banking organisation work in balance
and control all the operations.
M2) Analyse the advantage and disadvantage interrelationships between organisation function
and the impact of organisation structures
The advantages of interrelationships the team leader manage their whole team member,
providing proper knowledge regarding their task. The team member work with employees in the
field and sharing their thoughts or skill to make people more skilful. It is very important
performance of the worker encouraging whole organisation among all employees.
The disadvantage of interpersonal relationships some time may functional organisational create
unhealthy environment their workplaces like lack of understanding, means some employees not
sharing their knowledge, they do not work properly in company. So firms face so many problems
like reduce productivity level. Some time management issue arise like lack of motivations so it is
also harmful for corporation.
LO3
Identifying the positive and negative impact on macro environment
The positive and negative impact on the organisation is discussed by PESTLE analysis :
political
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Halifax bank has faced the different political forces regarding their expansion and growth of the
business. The political factors affect this banking business so they faced many issues and
opportunities in their work (Kim, 2016). Politically stability is great marketing opportunities like
free trade agreement government also invest their funds and also supporting in time of financial
criss. They also improve their market share as well raising their fund and they lot of chances in
increasing their investment. They also providing various types of funds to their customers.
Economic
According to the Halifax bank the economic external factors which determiner the macro
environment. This bank generating their revenue from market , customer earn they providing
large number of loan so this is way of earning more money from their clients with high rate of
interest (Kemayel, 2015). It is main revenue of the banking sectors this baking is also earned
more profit from their consumer. This company has developed the opportunities to improve the
business of thye corporation from other banking institution. They increasing their share price so
they to earn huge amount from market.
Social
Halifax bank increasing their interest rate through home loan, car loan, or other loan so loan is
the main source of banking institution so they why they also earn more profit with high tare of
interest if they providing loan nay person or their organisation so they want or demand high rate
of return interest rate (Kim, 2016). They also maintain their relationship with customer it is also
very important without maintain relationship they have not dealing with their consumer in
effectively so they no earn more profit so it is important for this bank.
Technological
They also use different kinds of technology for growth and development of their business.
Halifax organisation is also providing their services e- commerce and using smart phones
technology it is very important for developing their business all over the world they provide their
service in different nations (Kemayel, 2015). It is also helped full growing and expanding their
banking business. Though using these techniques' consumer also satisfied and happy they also
want easy services. So this company also providing the on line services, all the banking
transaction, debit credit though online. Any time consumer looking their bank details so I is very
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important term this bank main aim to provide their service in effective manner. Technology is
very help for every business it help to earning more profit and developing their business.
Environment
it is also very important aspect without making health environment no any organisation run their
business in long times so it is very crucial part. It also providing lot of opportunities in banking
business. Like if environment in the market place getter so they also rising more profit but if
financial criss comes in the work places so its very negative impact on banking business. This
company also aware all this factor how to their business (Kemayel, 2015). If bank all providing
more loan to their customer so it is not good some time people are not libel to pay so company
also face the financials problem they are not raise their share. The environment of banking
business face also many problems.
Legal
it refer with the legal aspect means Halifax organisation also follow all the rules and regulations
they have also improvement in legal opportunities in banking law and they increasing their
complexity in banking consumer law these are the chances of the growth of business and reduced
concern for its intellectual property right (Razghandi, And et.al 2016.). This banking
corporation has find that the higher authorities' is also improving the property right protection the
company has delivered the high quality fund for the consumer to providing satisfaction their
consumers.
There are many negative impact of the macro environment in Halifax organisation some
if this company are not run their business under law they cannot follow all the government rules
do they face many problems in their baking business some political issues arise many difficulty.
It is negative impact on the banking or this company. Some time consumer not investment so
they have to need build their trust on client more customer invest their banking they also
providing the best product and service to their consumer (Kim, 2016) . Some technological issue
arise in this banking business like transaction errors so they've to maintain their technological
system they also need to provide proper information related to their customer funds, policies,
insurances, loans. So they have also need aware their service and solving all the problems query
their consumer in effective way. They also need to communicate with their client in proper
manner it is also very important.
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M3) Apply PESTLE model to support the details of micro environment within
organisation
Pestle model is very helpful for giving the details of micro environment within
firms. It providing the political condition of the Halifax bank, it shows the stability of the
businesses. Through this model identifying the strength and weakness of the firms.
D2) Critically evaluate the impact of macro and micro factors have upon business objectives and
decision-making
The impact of macro and micro environment of businesses is very important, it helps to
make better decision in different types of organisation and also helpful for achieve the firms
goals. Micro and macro environment shows all the internal or external conditions of the
businesses. It help to development and growth of the economic as well as businesses.
LO4
P5) Presenting strength and weaknesses of Halifax bank Ltd
Halifax bank is finance and insurance bank in UK. The purpose of this bank will help in
mutual benefit of local working of people. Halifax bank is the UK's largest provider of
residential mortgages and saving account. The bank have many strength points which are discuss
below. The bank is backed by strong parent company, The Lloyds banking group . It has a wide
variety of services under one brand name only such as insurance, share dealing, loans, credit
card, auto loans etc. it also have different types of current accounts which help to complete the
need of people with different classes- current account, reward current account and ultimate
reward current account. It also have different types of saving accounts for various categories of
savers including children – the junior cash individual saving account (Abdel-Basset, Mohamed
and Smarandache, 2018). It also provide convenience to the people who have their account but
went next state through online banking system. It also facilitates payment of money abroad
through its international services. It made many changes in the current account like had zero
credit and debit interest. It also replaced their basic 'Easycash' account with 'Basic Account'.
During, the year 2016, Halifax bank sought to mitigate which may impact on its micro
environment challenges and threats analyzed such as Brexit, and government regulatory pressure
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which also benefiting from the existing opportunities like reduces a balance sheet, growth in
mortgages and small enterprise lending.
The bank have strong balance sheet which means it have high capitalization and it is
count the biggest retail bank in the UK with largest branch network. It also have low risk
business model with strong focus on UK market. It is count the largest digital bank with over 12
million active online users. It also serves its online banking as it help many outsiders to open the
account and can enjoy the facility. It is also have a good cost leadership position in UK banking.
Halifax is the largest lender who provide money to first time home buyer in UK. There are many
positive points related to the bank as initially it is not so successful but by understanding the
environment and get cooperation from its staff make a successful bank in UK. It also expands its
business such as offers cashback debit card scheme which was launched and almost people enjoy
the services (White, Landry and Chiasson, 2017). The bank target specially the older person
through wealth management schemes because older people are quite insecure as they grow up so
bank offer them many scheme to became independent and also provide money for their usage.
Halifax also help in growth of new mortgage lending market share demanding for housing in
many parts of UK outstrips supply.
The bank have also its weakness such as Halifax is under performing in the SME lending
market. It has faced many problem related to credit crunch due to financial crisis in 2008 which
decline the power of bank and suffer from heavy loss. The bank done so many programs to
attract the customer but some of the advertisement campaign may create negative effect to the
viewer. The bank changes its overdraft performa and its daily fees which caused resentment
among the customers and they start cut off from the bank. After facing financial crises the
economy of the bank slows down and can have the adverse effect on the banking business.
Sometimes bank also offer loan in such a cheap rate of interest, which helpful for the people but
may loss for the bank. Due to this, it leads to suffer from the financial crises.
The external analysis of the bank are as follows, Halifax bank counts one of the tightest
competitor in the UK financial sector especially in retailing sector. The decision of UK
government to leave the EU has led to uncertainty which cause the bad business and suffer heavy
loss. The bank requires regulatory pressure which included new capital requirements. Bank leads
to digital innovation for a future in order to gain more profit and growth with improving
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customer service expertise (White, Landry and Chiasson, 2017). According to annual report of
2016, the shareholding in Halifax shows that it has been fully transformed following the
financial crises and have no burden with conduct issue which position it better for future success
like the Royal Bank of Scotland and Barclays. The bank also introduced new 8 percent surcharge
on the profit in January 2016 by UK government.
P6) Strength and weaknesses interrelate with external macro factors
Strength and weakness of the Halifax Bank are related with macro and micro
environment factors. Management compares strength with macro factors like economic, political,
technology, social and cultural. A sudden change in the environment may affects the company
internally as well as externally. With UK government, completing its divesture from bank on 17th
March 2017, Halifax Bank is no longer faces any type of crises resulting from its involvement in
the 2008 financial crises which in turns into strong financial performance (Bohari, Hin and Fuad,
2017). The bank performance is linked to UK macro environment which was affected by Brexit,
the low interest environment, among the key external macro factors that may impact the
operational environment of UK banks.
The economic change or risk and imbalance posses a significant challenge to many bank
including Halifax too. According to agreement done between Britain and other EU member,
there is sudden fall in the value of pound against major currencies, this situation become worse if
Britain leave EU by 2020. but for Halifax Bank, Brexit comes with negative reason for capital,
operations and regulation along with the impact of its employees, clients and customers. The
impact may effect the bank in low interest rate environment and this is the biggest challenge of
this environment for the bank is related to profitability for the banking industry (Jiménez, and
et.al 2015). UK economy grew by 2 percent in 2016 which was a little slower than previous year.
The macro social environment effect the change in lifestyle of UK's people which include
lifestyle, fashion, labor composition, social mobility and other demographic trends. In context
with Bank, an aging population comes with new business opportunities for many business as
pension age consumers earn and higher income. For other banks, such opportunities means drive
towards saving, investment and wealth management as basic need to meet the pension age
customers with credit and consumption services that have growth drivers in their past. In
technological environment, Halifax is a multi brand bank that puts digital application for
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customers (Abdel-Basset, Mohamed and Smarandache, 2018). As per the report 2016, there is a
chance for bank to differentiate itself technologically by investing in fraud prevention, cyber
risk, IT security and proper management of data in order to meet customer's needs.
Next is environmental factors such as air, flooding and natural habitats. The bank realizes
the current trends in customers and government demanding business to reduce their carbon foot
print. And according to survey, Halifax also takes some initials to reduce its own foot print by
buying electricity and reducing use of paper for online statement while communicating with
customers. The bank is currently the subject of lawsuit brought by HBOS shareholders Action
Group, having 6000 investors including city institutions but they demand more than 400 million
in settlement, claim that bank's management withheld key information from them concerning the
struggle HBOS and it was struck back in 2008. This is the legal action which represents the last
step of financial liabilities from pre crises era (Esteves, Roque and Garrido, 2018).
In 2016, UK government add many new regulatory capital rules and it is quite tough
challenging political environment for many UK banks including Halifax. These capital
requirement initially known as Basel II which was first implemented in 20018 at the time of
financial crises to ensure the capital strength and adequacy of bank by forcing them to have
minimum capital reserve to absorb financial shocks. On 2015 new Basel III capital introduced
with minimum common equity tier ratio of 4.5 percent (up from 2 percent in Basel II) of risk
weighted asset. By this Halifax Bank maintain the ratio of 13 percent during the year and from
that day it has not been affected as much as Barclays and the Royal bank of Scotland. According
to annual report of 2016, introduction of new 8 percent surcharge on bank profit by the UK
government which almost started in January 2016. but the biggest political shock given by the
UK government is to leave the EU, which lead to cause both environment including economical.
While 2016 was very challenging macro environment for many banks in UK to show its
best performance from its rivals. A successful business model is characterized by the low cost
operating model and having low risk . Halifax is considered one of the second largest banking in
UK after HSBC. With UK government divesting its final shareholding in the bank on 17th march
2017, the bank is no longer suffer from any financial crises and now having strong status from
other banks.
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M4) SWOT analysis and how they influences in decision making
swot analysis is very helpful for providing the actual performance of Halifax company,
its show the strength and weakness of the business, it also shows the coming threats and
opportunities of the enterprise. It also helpful for making effective decision making for long term
businesses.
CONCLUSION
It can be concluded that importance of business and business environment. This file also
explaining how the external factor impact on Halifax organisation also determine the strength
and weakness of this company. The success of this company is depend on their resources and its
business strategies. The goal of this firm raise their funds, revenue and proving effective service
to their clients. They maintain their relationship with customer they need to improve their skills
and expand their work. They also need to make healthy environment in their banking business.
they also follow the legal requirement for the stability of their banking sectors. This files also
giving the different size and scope of the different organisation.
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