Business Environment of UK: PESTLE and Porter Five Forces Analysis

BUSINESS ENVIRONMENT
OF UK

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
PESTLE analysis of UK business environment..........................................................................4
Porter five forces analysis for UK businesses.............................................................................5
Nature of competition among the UK firm and their price elasticity for pricing the products
and services..................................................................................................................................6
Political factor that impacted the business performance.............................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Business environment encompasses with all the factors that impacts the organizational operation.
Business environment helps in finding the opportunities for the businesses to design the
appropriate strategies to improve the performance for enhancing the profitability of the business
(Alexandrou, 2022). In business environment potential firms compete with each other to make
the productive market place. Business environment of UK is consider as one of the safest and
easiest market place for doing business in the world. Following report will cover the analysis of
business environment of UK for the prospective foreign investors to start their business in UK
market. Presentation will cover the micro and macro environment of the market and describe the
pestke and porter five framework.
MAIN BODY
Business environment:
It encompasses with the elements such as competition, stakeholders, suppliers, and industrial
trends which affects the market position of the organisation. It is the environment where the
companies of different sector interact with their customers and operates their business to develop
revenues. They compete with other organisation to increase their market share and to provide the
qualitative products and services to their customers.
Micro environment:
This environment refer to comprise of all the elements of the businesses which mainly
influences the organisational performance. It involves the customers, vendors, resellers,
competitors. It is the operating environment of the organisation, they are mainly associated with
the company (Al-Shaer and Hussainey, 2022). As the main purpose of the firm is to provide the
satisfactory products to the customers, thus for that companies mainly focuses on the feedbacks
which is made by the customer in order to provide them customer satisfaction.
Macro environment:
3