Impact of Fiscal and Monetary Policy on the Business

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Business Environment
Table of Contents
INTRODUCTION............................................................................................................................................1
TASK1........................................................................................................................................................1
1.1 Identify the purpose of different types of organizations.....................................................................1
1.2 The extent to which organization meets stakeholders’ expectations..................................................2
TASK2........................................................................................................................................................3
2.1 Nature of UK economic system and how it affects Jamie Oliver.......................................................3
2.2 Impact of fiscal and monetary policy on the business........................................................................4
2.3 Impact of competition policy and other regulatory mechanisms........................................................4
TASK3........................................................................................................................................................5
3.1 How market structures determines pricing and production decisions................................................5
3.2 How market forces influence organization’s response.......................................................................6
3.3 Business and cultural environment of Jamie Oliver...........................................................................6
TASK4........................................................................................................................................................7
4.1 Significance of international trade on UK business organizations.....................................................7
4.2 Impact of global factors on UK businesses........................................................................................7
4.3 Impact of European Union policies on UK businesses......................................................................8
CONCLUSION...............................................................................................................................................8
REFERENCES............................................................................................................................................9
INTRODUCTION
The research pertaining to business environment has an instrumental role in present
time’s competitive world. The environment within which a company operates highly influences
its business activities. The current paper is centered on the case study of Jamie Oliver and
examines its business environment together with identifying the expectations and demands of its
different stakeholders. Jamie Oliver is a famous restaurant chain of London. It has 15 outlets in
the city of London alone. The primary objective of this restaurant is to serve fresh and premium
quality food to all the guests. The restaurant ensures focusing on little things to make huge
difference and set its distinctive status among the competitors. In addition to this, the market
structure and economic system in which the company operates has also been evaluated coupled
with discussing the impact of the trade regulations on the operations of the restaurant.
TASK1
1.1
Accomplishment of all the objectives is the most vital target for any organization. This
leads a company to generate revenues as well as earn profits and gains. There are various kinds
of organizations operating in the market such corporation, governmental, international and
partnership organizations. The different kind of structure has different kind of purpose. Hybrid
organizations have characteristics of both private and public organization and these develop
various marketing activities. Private companies are run by family business and all operations are
controlled and undertaken within the family (Cleaver, 2013). Government organizations are run
by government and company runs under government rules, regulations and policies. The purpose
of differentiating these organizations is to differentiate between business style and functions. To
define the company’s purpose it is essential to recognize the input and output process of
organization.
Jamie Oliver is a well-known experience in the food and beverage industry. This
restaurant is owned by Jamie Oliver who is an English chef restaurateur known for his different
food focused television shows (Kurtzman, 2009) In London there are different outlets of this
restaurant and finest restaurant under his name. They cook elegant, rustic and super skilled food.
1
MISSION:The mission of Jamie is to become the best restaurant with help of best taste and
incredible architecture.
VISION:Vision is to improve life of people with better knowledge of food. It envisions making
big difference by giving focus on little things and connecting with people through good food
Short term objectives:The short term objective is to capture market share by providing good
and testy food as well as provide high class services. Jamie wants to make a team with of high
performing people and dedicated people from different background that comes together.
Long term objective:To sustain into market a company should have a sound long term
objective. Jamie wants to satisfy their corporate customers through high quality, tasty and fresh
food.
1.2
Stakeholders are the most integral component of every industry and it is important for
organization to satisfy the expectations and demands of all its stakeholders. The many
stakeholders of Jamie Oliver include customers, shareholders, employees, government and the
society. All these stakeholder groups have different set of expectations from the company. Jamie
Oliver being a very renowned restaurant chain experiences huge expectations from all its
stakeholders (Moxham, 2010). Customers are the lifeline of the restaurant, who make or break its
image. They expect to receive high quality food and services without any mistake. The restaurant
employs a number of people in different positions such as waiters, chefs, floor manager etc.
Every employee is assigned with a different set of duties and responsibilities that they need to
fulfill. In exchange of this they expect their employer to provide good growth opportunities and a
healthy and fair work environment. The management team of the organization is accountable to
motivate the employees by handing out appraisals and incentives from time to time.
Apart from these, government has an influential role to play in the overall functioning of
the restaurant. The organization has to abide by the different laws and legislations set out by the
government or it may face notice or ban. The restaurant has to maintain good relationship with
the government officials to ensure a smooth functioning. As far as the society is concerned, the
2
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