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Business Environment TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Different types of organizations

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BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Different types of organizations 1 1.2 Key stakeholders of BA and organization’s way of meeting their objectives 2 1.3 Fulfilling responsibilities of stakeholders 3 2.1 Allocating metropolitan resources as per the kind of economic system4 2.2 Impact of fiscal and monetary policy on business organization5 2.3 Impact of competition policy and other regulatory mechanisms 2010). Focusing on airline and aviation customers' expectations as well as those of airline's shareholders, it is considered that

Business Environment TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Different types of organizations

   Added on 2019-12-03

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BUSINESS ENVIRONMENT
Business Environment TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Different types of organizations_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Different types of organizations.......................................................................................11.2 Key stakeholders of BA and organization’s way of meeting their objectives.................21.3 Fulfilling responsibilities of stakeholders........................................................................32.1 Allocating resources as per the kind of economic system................................................42.2 Impact of fiscal and monetary policy on business organization.......................................52.3 Impact of competition policy and other regulatory mechanisms.....................................5TASK 2............................................................................................................................................63.1 Market structures that determine the pricing and output decisions..................................63.2 Ways in which market forces shape the organizational response....................................63.3 Business and cultural environments shaping the behavior of BA....................................74.1 Significance of international trade to BA.........................................................................84.2 Impact of global factors on BA........................................................................................84.3 Impact of policies of European Union on BA..................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
Business Environment TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Different types of organizations_2
INTRODUCTIONThe term business environment includes external forces and factors which are beyond thecontrol of the business organization and they affect functioning of an enterprise. This businessenvironment includes employees, customers, suppliers, government as well as political,economic, social, technological factors etc. In this context, the present report focuses onunderstanding various types of organization and also the extent to which company meets theneeds of their stakeholders. Organization undertaken for the present study is British Airways(BA) which is the largest airline in UK on the basis of fleet size and it operates its business invarious parts of the world and also has a unique feature of cargo services.TASK 11.1 Different types of organizationsDifferent types of organization have their own specifications and have their own policesstructures and strategies. For different market, corporate has to make different strategies toachieve their goals and objectives (What is Business Environment? Explain its types. 2013).Different types of organization are as follows:Sole proprietor- Sole proprietor is a common type of business ownership where avendor constitutes a vast range of activities. In UK itself, a large percentage oforganizations are based on sole proprietorship (Zhu and et.al., 2012). This is becausedecisions are made quickly and effectively and business owner have a strong contact withtheir customers and employee's.Partnership Firm- According to Partnership act 2002, two or more partners initiatebusiness with signing of a partnership deed. This deed is the evidence of how much profitand loss will be shared by partners and what amount of capital will be contributed bythem. Partnership firm is less risky as compared to sole proprietor and it increasescorporate credible position in the eyes of customers and their suppliers.Private Company- This is a non- public sector which is controlled and operated byindividuals (Spitzeck and Hansen, 2010). In context to it, prior aim and objective ofprivate organizations is to maximize their profit by expanding their business venturesthrough reducing their cost.1
Business Environment TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Different types of organizations_3
Public Company- Organizations which are listed with minimum share capital and issuesshares to public are considered as public limited companies. These organizations have tobe registered under Companies Act, 1980 and further these corporate have moreadvantages as compared to private companies. Vision- To be world's most reliable and responsible airline. Customers are the assets of BA and they are focusing in fulfilling their needs and wants.Mission-To deliver excellent services to their large customers base Making presence in major and metropolitan cities of different countries. Short term objectives- In order to improve operational performance To provide quality products and services to their passengers so that it can increase theirmarket share.Long Term objectives- Focusing on both airline and non-airline partnership as this will give satisfaction to their large customer base apart from the airline journey (Our Strategies and Objectives. 2010).Extending ventures by collaboration with different franchises and middle business enterprises.1.2 Key stakeholders of BA and organization’s way of meeting their objectivesMentioned company has different stakeholders and these stakeholders have differentexpectations from them. BA is obliged and liable to satisfy their needs. Stakeholders for businessorganization are as follows:Employee's- Cited Company has a healthy strength of employees and they are providingservices around the globe. BA has strength of more than 43000 employees and theseworkers expect good opportunities and healthy remuneration from the aviation company.Moreover, BA is focusing on providing job securities, healthy salary and motivationaltechniques to motivate their employees. Further, employees are the crucial stakeholdersfor BA as their revenue and profits are linked with their performance. Customers- Passengers are the life blood for the aviation industry. Cited company isfocusing on providing best of the services to their travelers. Moreover, customer’s2
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