Analyzing the Impact of Macro Environmental Factors on Beazley PLC

Business environment

Executive Summary
This report has analyses macro environmental factors that adversely impact on
functioning of company and helps in gaining competitive position in the market. Company by
analysis various factors is able to expands its business across worldwide and increase its sales
and profitability. It also expanded about number of directors , its history and product and
services in which Beazley PLC deals in order to satisfy needs of customers. It also explained
importance of pestle-analysis for Beazley PLC that promote growth and success of company in
the market.

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................4
Overview of company..................................................................................................................4
History of company......................................................................................................................4
Board of director and organisational structure.............................................................................6
Relationship between Director of company and employees, customers and shareholders..........6
Importance of Pestle analysis.......................................................................................................7
P3 PESTLE ANALYSIS.............................................................................................................8
REFERENCES..............................................................................................................................12

INTRODUCTION
Business environment included various internal and external factors that impact on
company performance and productivity such as policies of government, economic condition and
preference of people living in the society. Company does not have any control over environment
factors so it needs to consider such factors while operating its business to protect itself from
various threats. This report analysis and evaluates various macro factors of environment that
impact on Beazley PLC and helps in gaining competitive advantages in the industry.
Overview of company
Beazley PLC is operating its business in Europe, Asia , U.S. and is parent company of
specialist insurance business. It is a public company that offering insurance services for life,
political risk, property and reinsurance to people of UK. It has generated $263.5 million of
revenue and net operating income $295.4 as per 2019 (Arnaboldi and et.al., 2018). It has large
number of employees with different culture, belief and preference working together for
achievement of organisational goals. Therefore, organization structure of Beazley is definite so
that employees can easily communicate with each other in effective manner. Company has non
bureaucratic organisational structure that have highly skilled and knowledgable people working
together for growth of company. Employees can easily communicate with each other thus to
management can communicate directly with its subordinates. Company operates it business
nationally and internation by using non- bureaucratic organisational structure is able to gain
competitive advantages (Stewart, 2017). As it is flexible and can quickly adopt various changes
in the environment that helps in quick decision-making and achievement of company goals.
Thus, it helps in gaining competitive advantages in the market by effective coordination of
employees to work together as a team for common objectives.
History of company
Beazley Plc was founded in 1986 in Jersey and tax resident in Ireland with its
headquarter in London, United kingdom. It was first established as Beazley, Furlonge and
Hiscox and Andrew Beazley was chief executive of company that work for company till
September 2008 then it was took over by Andrew Horton and Nicholas in 1992. In 2001 full
management buyout take place and Hiscox come into existence in 1992 by. It started operations
as writing books for reinsurance and insurance for customers that are living across various
nation. Beazley have experience over 3 decades in providing the highest standard quality