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BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION 2 TASK 1 3 1.1 Business organization

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Added on  2019-12-03

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This report is on "business environment on behavior of British airways". In this report objectives of stakeholders are discussed and responsibilities regarding the same are described in detail. At the end of the report, European Union policies regarding the aviation industry are discussed in detail. In respect to this business environment and issues of British Airways related to the same are discussed in detail. For a better understanding of the report, you can also check the marketing strategy of British Airways.

BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION 2 TASK 1 3 1.1 Business organization

   Added on 2019-12-03

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BUSINESS ENVIRONMENT
BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION 2 TASK 1 3 1.1 Business organization_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................2TASK1.............................................................................................................................................31.1Purpose of different type of business organizations................................................................31.3Responsibilities of an organization and strategies to meet them............................................4TASK 2 ...........................................................................................................................................52.1 Economic system and resource allocation.............................................................................52.2 Impact of fiscal and monetary policy.....................................................................................62.3 Impact of competition policy and regulations on British airways.........................................6TASK 3 ...........................................................................................................................................73.1 Market structure and pricing as well as output decisions.......................................................73.2 Impact of market forces on organization response.................................................................73.3 Impact of business environment on behavior of British airways...........................................8TASK 4............................................................................................................................................94.1 Significance of international trade to British airways............................................................94.2 Impact of global factors on British airways...........................................................................94.3 Impact of EU policies on British airways..............................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
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INTRODUCTIONBritish airways are the UK largest airline in terms of size. Currently, it is operating in 300nations of the world. In today era, business environment become too complex and due to thisreason decision making become very difficult. It becomes inevitable to understand impact ofbusiness environment on business enterprises. In respect to this business environment and issuesrelated to same are discussed in detail. In this report objectives of stakeholders is discussed andresponsibilities regarding same are describes in detail. Further, strategies that can be used toperform these responsibilities in proper manner are also discussed in detail. At the end of thereport, European Union policies regarding aviation industry is discussed in detail. Further,benefits of these policies in context of British airways are also discussed in detail.TASK11.1Purpose of different type of business organizationsThere are three kinds of business organizations namely public, private and governmentorganizations. Purpose of these organizations is given below.Public organization- These are government organizations and their main aim is to dowelfare of their workforce. In this regard employees at government organizations receiveseveral benefits.Private organizations- These kinds of organizations are not owned by the governmentand their main aim is to earn profit. Apart from this, private organizations also aim at fullutilization of resources (Palmer and Hartley, 2008). Ultimately, it can be said thatconsistent growth in terms of size and profitability is the main purpose of Privateorganizations.Social organizations- These are those organizations whose main aim is to conductwelfare activities in order to benefit needy people. These people may be crippled ororphanages etc. Mean that profit making in not the purpose of these organizations.In order to understand the strategic direction of the company it is necessary to understandits vision, mission, goals and objectives. Vision of British airways is to become world largestpremium airline. In order to achieve vision mission is prepared. Mission of British airways is tomake journey of people safe on its airplane (Ruff, 2006). If journey will be safe then people willbe prepared to pay premium price to British airways. Goals and objectives of British airways are
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to increase profitability. If profit will increase then firm will have huge amount which will beinvested in adopting measures that will ensure that life of passengers on its airplane is safe. Inthis way British airways will achieve its vision1.2Extent to which British airways achieve objectives of different stakeholdersStakeholders are those entities that help an organization in running its business. Withoutthe support of stakeholders it is very difficult to run a business. Following are importantstakeholders of the firm.Employees- These are an important stakeholder of the firm because they provide servicesto the passengers from the side of British airways. It is their efforts and efficiency level due towhich British airways manage to gain commendable position in the highly competitive industry.Objective of the employees is to boost their career development and this can be done only byimproving skills. Over the past years British airways makes an attempt improve skills of itsworkforce. By conducting training and development programs it improve skill set of itsemployees (Bitzenis. and Nito, 2005). In this way British airways achieve objectives ofemployees as stakeholder.Customers- Without customers no company can earn profit. Main objective of passengerswho are travelling through airplanes is to get quality service because they are paying hugeamount for travelling to destination place. British airways with passage of time greatly improveits service quality and due to this reason it has prestigious image among people.Creditors- These are those organizations that lend credit to British airways. The main aimof creditors is to make sure that they will have good relationship with their debtors and thosewho take a loan make timely payment of debt amount (Brown, Earle and Lup, 2005). Over theyears mentioned firm makes an attempt to ensure that debt is paid on time and also succeed indoing so. Government-The main objective of government is to receive tax payment of actual amounton time from corporate. British airways make payment of tax on time and in this way it fulfillobjective of government.1.3Responsibilities of an organization and strategies to meet themTowards stakeholders there are many responsibilities of British airways. Ways in which theseresponsibilities are fulfilled by British airways are follows.
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