Business Environment: Impact of Covid-19 and Government Recovery Plan on TUI Group

Business environment

Table of Contents
INTRODUCTION ..........................................................................................................................3
SECTION 1. Background information about TUI group................................................................3
SECTION 2. Covid – 19 issue and government recovery plan for intrinsic environment of the
organisation. ....................................................................................................................................4
2.1 Impact of Covid – 19 on organization and its internal environment...............................4
2.2 Impacts of the UK government’s recovery plan on the company intrinsic environment.4
SECTION 3. Covid – 19 issue and Government recovery plan in the micro environment............5
3.1 Impacts of the UK government’s recovery plan on the company micro environment....5
3.2 Impact of Covid – 19 on company micro environment....................................................5
SECTION 4......................................................................................................................................5
Impacts of STEEPLE factors on organizational operations...................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
Books and Journals.................................................................................................................8

INTRODUCTION
The term business environment means the inside and the outside factors that affects the
working of the business. The environment of the business is generally classified into two main
categories namely macro and micro environment. The macro environment consists of factors that
affects the business on the large scale. The micro environment covers the factors that effects the
business organisation on the small basis. It is mainly affected on the internal and the external
factors. The factors that arises from outside the business is called as the external factors. The
factors that affects the business internally are called as the intern sic factors(Azmat, et.al, 2018).
The purpose for preparing this report is to get the better knowing on the subject of business
environment along with its factors. This report would also discuss about the TUI group along
with its impact of Covid19. It would also outline the UK government recovery plan at both the
micro and macro level on the organisation.
SECTION 1. Background information about TUI group
The TUI Group is a public sector organisation that deals in hospitality and tourism
industry. This organisation was established in year 1923. its headquarter is in Berlin, Germany.
This industry has various cruise lines, hotels, merchandise, etc. It also has five airlines all over
the world. The Chief finance executive of the organisation is Friedrich Joussen. Its chairman is
Dieter Zetsche. According to the report in 2021, the revenue of the institution is 4.732 billion
Euros as its operating income along with the net income was -2.025 billion euros. The institution
is having 50,584 employees. Moreover, the other company like Thomas cook, last minute,
holidays, etc. are some of its famous competitor. The main centring of the institution is to grow
faster in the competitive market(Gleim, Smith and Cronin, 2019). This company was known as
Preussage Ag a few years back in 1979. In initial stage, this organisation use to do mining for
generating profits for the company. Moreover, the company is being listed on two stock
exchange which is the London Stock Exchange and the Frankfurt Stock Exchange. The products
that is being offered by the institution includes the Charter and airlines, cruise lines, resorts along
with the hotels and package holidays. Further more, the organisational structure that the
administration follows is a blandish hierarchy. This refers that the top organisation has a direct
link with the lower level of administration.