Business Environment INTRODUCTION 4 TASK 14 AC 1.1 Mission, Vision and Objectives
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Added on 2019-12-03
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Business Environment INTRODUCTION 4 TASK 14 AC 1.1 Purposes of different types of organisation and BA's mission and vision4 LO 1.2 Responsibilities of BA towards stakeholders 5 AC 1.3 Responsibilities of BA's towards stakeholders 6 LO 2.1 Economic systems that attempt to allocate resources effectively7 AC 2.2 Challenges due to fiscal and monetary policies on business environment 7 LO 2.3Impact of regulatory, competition policies and legal changes |8 TASK 29 AC 3.1 Impact on pricing and demand for airline seats due to market
Business Environment INTRODUCTION 4 TASK 14 AC 1.1 Mission, Vision and Objectives
Added on 2019-12-03
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Business Environment
Table of ContentsINTRODUCTION ...............................................................................................................................4TASK 1.................................................................................................................................................4AC 1.1 Purposes of different types of organisation and BA's mission and vision .........................4LO 1.2 Responsibilities of BA towards stakeholders.....................................................................5AC 1.3 Responsibilities of BA's towards stakeholders...................................................................6LO 2.1 Economic systems that attempt to allocate resources effectively........................................7AC 2.2 Challenges due to fiscal and monetary policies on business environment........................7LO 2.3 Impact of regulatory, competition policies and legal changes..........................................8TASK 2.................................................................................................................................................9AC 3.1 Impact on pricing and demand for airline seats due to market structure............................9AC 3.2 Interplay of different players and market forces shape organisational responses..............9AC 3.3 Impact of working practices and cultures of the countries on BA...................................10AC 4.1 Impact of global changes in trade regime caused by organisations on BA.......................10AC 4.2 Impact of other global factors, including policies/regulations of government players on BA..................................................................................................................................................11AC 4.3 Impact of EU policies on travel, competition or aviation on BA.....................................11CONCLUSION..................................................................................................................................12References..........................................................................................................................................13
INTRODUCTION Business environment is combination of micro and macro factors which affects thefunctioning of any organisation. It also affects workers, clients and management. Microenvironment affects company's suppliers, market intermediaries, internal environment, etc. Macrofactors are external factors which are uncontrollable such as government policies and laws, socialculture, changes in technologies etc.In this research British Airways (BA) is taken to consideration for explaining various factorsrelated to the business environment of it. It understands the purpose of organisations, nature ofenvironment, behaviour as per the market environment and significance of global factors thataffects the activities of organisation. In the end, summary along with findings of the study isconcluded. TASK 1AC 1.1 Purposes of different types of organisation and BA's mission and vision Organisation is a group of organised people who works together with a shared purpose toachieve goals and objectives. The type of organisations with their purpose are as follows.For Profit Organisations: The primary aim of these organisations are to generate profit.Owners focus on earning money more than they spend on business and use it for themselvesor for the enhancement of enterprise. Example are Merck, Pepsico, etc (McNamara,C.,2015). Non Profit Organisation: The purpose of these organisations is to use their profit inachieving their mission. They provide specific services to society by not sharing its profitamong stakeholders. It includes Non profit organisation in Wales, British researchassociation, etc (Abubakr and Esposito, 2012).Sole proprietor: These type of organisations are owned by the single person and due to thisit is also called as sole trader. The purpose of such firms is to earn maximum profit fromtheir business and to grow it. Examples are: plumbing, buskingPartnership: In this business is takes place between two or more people as a bsusinesspartners. The purpose of these companies is to earn and sharing profit by sharing work,ideas, etc. Example: Hewlett Packyard.Public limited company: These companies allow people to bought their shares and mainpurpose of them is social and national welfare with proper development. For example:British Airways, BT Group, etc.
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