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Report | Aspects Of Business Environment Of Global Tech Private Ltd

Framlington Property Plc is a property developer facing similar challenges as Barratt Developments Plc. The company was set up in 2000 by James Hardy, Atif Mehmood, and Jennifer Gardner. James Hardy is considering introducing his son to the company after he completes his BSc in Building, Construction, and Surveying.

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Added on  2020-01-28

Report | Aspects Of Business Environment Of Global Tech Private Ltd

Framlington Property Plc is a property developer facing similar challenges as Barratt Developments Plc. The company was set up in 2000 by James Hardy, Atif Mehmood, and Jennifer Gardner. James Hardy is considering introducing his son to the company after he completes his BSc in Building, Construction, and Surveying.

   Added on 2020-01-28

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Business Environment
Report | Aspects Of Business Environment Of Global Tech Private Ltd_1
Table of ContentsIntroduction..........................................................................................................................................3Task 1....................................................................................................................................................31.1 Purpose of different organizations.............................................................................................31.2 Extent to which Global Tech meets its stakeholders' objectives................................................31.3 Responsibilities of Global Tech and its strategies to meet its stakeholders' objectives.............4Task 2....................................................................................................................................................52.1 How economic systems attempt to allocate resources ..............................................................52.2 Impact of fiscal and monetary on UK operations of McDonald's and KFC .............................62.3 Evaluating impact of competition policy and other regulatory mechanism on UK activities of KFC. ................................................................................................................................................6Task 3....................................................................................................................................................73.1 Market structures and how they determine output and pricing decisions of companies business ...........................................................................................................................................73.2 Ways in which market forces shape organizational responses ................................................73.3 How business and cultural environment shape behaviour of McDonald's ...............................8Task 4....................................................................................................................................................84.1 Significance of international trade on Millie's Cookies and Southern Fried Chicken.............84.2 Impact of global factors on Millie's Cookies and Southern Fried Chicken ...........................94.3 Impact of EU policies on Millie's Cookies and Southern Fried Chicken ..............................9Conclusion..........................................................................................................................................10References...........................................................................................................................................11
Report | Aspects Of Business Environment Of Global Tech Private Ltd_2
INTRODUCTIONBusiness environment of an organization consist of internal as well as external factors thatsignificantly affect its operations. External factors are those events that are difficult to predict andare out of companies control. Internal factors re those vents that take place within an organizationand largely affects its business (Price and Chahal, 2006). The present report explores importantaspects of business environment of Global Tech which is a private limited company and globalmanufacturer of consumer electronic products. The company has recently diversified its businessand acquired a new fast food outlet chain. The present report features different aspects related tonational and international business environment which play important role in formulating soundoperational strategies to sustain its new fast food chain business in target markets. TASK 11.1 Purpose of different organizationsThere are many type of organisation which has different type purpose in the market. 1.Private organization : KFC is a popular fast food chain that has its presence in multiplenations. The main purpose of KFC is to provide good food to global consumers to makethem happy and satisfied (Porter, 2008). In addition to this, it also aims to increase its salesand profitability by preparing food which can be enjoyed by consumers throughout theworld. 2.Government organization: These organizations are owned and exercised by the governmentof UK. For example Transport For London (TfL) is a local government organization whichis primarily responsible for facilitating transport system in London. The main purpose ofTransport for London is to implement transport strategy and manage transport services topeople of London. TfL include London Underground, Tfl Rail, London Overground andLondon Buses. Apart from management of transport in London, TfL also aims to constructtransportation infrastructure such as Cross rail lines across the region. 3.Charity Organizations: Charity organizations are non profit organizations that aim to achievephilanthropic goals and social well-being. Activities of charity organizations are centredaround educational, religious and community interests activities that are philanthropic innature (Gavi's Mission, 2016). One of the biggest charity firm of UK is Gavi Alliance. Themain purpose of this firm is to provide underused vaccines to children who live in the mostdeprived areas of the world. 4.Public organisation: In this type of organisations, maximum shares are contained bygovernment. Other shares are taken by private or other firm in the market. Main motive ofpublic organisation is to provide socials service and earning profit from consumers in themarket.
Report | Aspects Of Business Environment Of Global Tech Private Ltd_3
1.2 Extent to which Global Tech meets its stakeholders' objectivesThe major stakeholders of Global Tech include customers, employees, global communities,suppliers and investors. The company's operations have significant impact on its key stakeholders.The extent to which the new fast food chain business of Global Tech can meet the objectives of itsstakeholders is described in the following points: Employees: Employees of the new fastfood bsiness of Global Tech play very crucial role inexecuting strategic activities which are formulated by the top management of the company.Staff of the firm directly affect the efficiency and profitability of the new business of GlobalTech. Therefore it is the prime responsibility of the company to meet the objectives ofemployees to increase their job satisfaction which is very curial for retaining goodemployees. The prime objectives of employees include job satisfaction, recognition, jobsecurity and personal development. Customers: Consumers are the end users of the company's products and services. In a fastfood business it is very cardinal to meet the needs of consumers by developing qualityproduct and services. Consumers always look for value for their money. Therefore, the newfast food business can meet its customers objectives by developing quality food items andservices to enhance the satisfaction level of consumers. Government: National and local governments are major players in the business environmentfor the new fast-food business of Global Tech. The governments play monitory andregulatory role to influence company's external business environment (Thompson andMartin, 2010). In order to meet objectives of government bodies the new fast food businessof Global Tech is required to abide by various laws, policies and codes of practicesformulated by central or local governments. Shareholders: Shareholders are those entities that have a stake in the new business of GlobalTech through their share ownership. These shareholders look for better earning through saleof shares or by dividends. The new fast-food business of Global Tech can meet theobjectives of shareholders by increasing sales to generate higher revenues. Communities: The new business of Global Tech is responsible towards local or international communities such as environmental communities (Wetherly and Otter, 2014). Inorder to meet the objectives of these communities the new fast-food business unit of GlobalTech is required to develop strategies that are focused to reduce the impact of businessactivities on natural environment.
Report | Aspects Of Business Environment Of Global Tech Private Ltd_4

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