Business Enviornment of BT Group

Business enviornment

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1 ...........................................................................................................................................1
1.1 Different types of organizational...........................................................................................1
1.2 Extent to which BT meets the objectives of different stakeholders ......................................2
1.3 Responsibilities of BT towards stakeholders and the strategies employed by BT to meet
these responsibilities ...................................................................................................................3
Keep satisfied...................................................................................................................................5
The government and the society has to be given satisfaction. All there requiremnet has to be
fulfilled as they are imporatnt aspects of the company. ..................................................................5
Monitor............................................................................................................................................5
The employees are integral part of the organisation and they hane to be monitored properly.
Regular monitioring will keep them happy and BT has done tha same thing.................................5
Manage closely................................................................................................................................5
Suppliers are the providers of the raw materials. Tey have the power to influence the business
and operations. They have to be maneged closely ..........................................................................5
keep informed..................................................................................................................................5
The shareholders have to be informerd about all the material information in the compay. BT has
been maintainin trasparency with its shareholders..........................................................................5
TASK 2............................................................................................................................................5
2.1 Explanation economic systems in resource allocation...........................................................5
2.2 Impact of fiscal and monetary policy on business organisations and their activities...........6
TASK 3............................................................................................................................................8
3.1 Market structure determining pricing and output decision of businesses..............................8
3.2 Ways in which market forces shape organizational responses..............................................9

3.3 Ways through which culture and business environment shape the behaviour of McDonald's
......................................................................................................................................................9
TASK 4..........................................................................................................................................10
4.1 Significance of international trade in UK............................................................................10
4.3 Impact of policies of the European Union on UK...............................................................11
CONCLUSION .............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Business environment plays an important role in the success any business or
organization. It is a combination of internal and external factors, which helps the organization in
providing all the essential information regarding the competitive market. In these factors
company includes customers, competitors, suppliers and legal and social factors. Employees are
the back bone of any business as they decide the goodwill of the business. For the same, it is
highly essential for companies to keep their customers satisfied (Jacobs and Nakata, 2010). In
this regards, the present study is based on the overall business environment of the BT group. It is
British telecommunication group which comes under the leading communication companies. The
company provides better communication services to all their customers by serving the
broadband, phone, TV and mobile needs of customers in the UK. Further, the present study
discusses the organizational purpose of business as well as nature of the national environment in
which businesses operates.
TASK 1
1.1 Different types of organizational
Business entities are not alike. They have different operations ans scale of business. The
different business organization provides more control, flexibility and better structure which is
best for the business. The tax treatments are also different. The small scale business can save
huge taxes if the correct business organization is selected. The rules and regulations regarding all
the business are different and the right type of organization would get lot of benefit from it. In
the process of achieving the business purpose, organizations are divided into various different
types, which are explained below:
Sole proprietorship: This is a first type of organization under which business run by a
single person. It is one of the simplest form of organization because all the liabilities owned by
the owner. Sole proprietorship includes some professionals, service providers and the legal
advisory (Cantwell, Dunning and Lundan, 2010). The legal advisers are responsible to take all
the legally decision which related to the firm. The purpose of Sole proprietorship is to earn own
profit.
Partnership: A general partnership is a contract between two parties or persons, who
joined together to carry the business. In this, they also divide all the profit and losses as per their
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