Business Report on British Broadcasting Corporation (BBC)
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This business report evaluates the type, size, scope, and interrelation of the British Broadcasting Corporation (BBC). It also includes an analysis of the internal and external factors affecting BBC, as well as the influence of globalization on its organizational strategy and decision-making.
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BUSINESS REPORT
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Type of BBC................................................................................................................................3 Size of BBC................................................................................................................................4 Scope of BBC..............................................................................................................................4 Interrelation of function of BBC.................................................................................................4 Internal and external analysis of BBC.........................................................................................6 Influence of globalization on organizational strategy and decision-making...............................8 CONCLUSION..............................................................................................................................10 REFERENCES................................................................................................................................1
INTRODUCTION Business reports is kind of assignment in that the manager use to analysis the particular situation that can be a present life situation or a case study, by applying business approaches to develop different types of suggestions to improve the process. BBC (British Broadcasting Corporation) is a public serving broadcaster of UK(Klepac and et. al., 2020). Having its headquarter in London. BBC is the oldest broadcaster in the globe and having huge number of employees. This report will evaluate the type, size and scope of British broadcasting corporation and interrelation of its function on organization structure, after that it will determine the intrinsic and extrinsic influencer of business operation is analysed by SWOT and PESTLE analysis. The impact of globalization on strategy of organization and its decision-making. MAIN BODY Type of BBC The organization is a combination of people who are set up with motive of achieving the goals and objectives. The current business industry have different types of organization(Mathias and et. al., 2019). Basically the organization are differed from each other on basis of their purpose of doing work. As some organization in the market are doing their activities to generate profit, some are to build image in heart of society and few are doing work to promote the social cause and wellness. TheBritish Broadcasting Corporation is for profit organization performing its activities to generated revenue(Manning And et. al., 2017). Its is a public corporation company not a government or private corporation. The BBC is regularly increasing its profit margin with innovative technology and attracting audience to prefer their broadcast for information. As per the annual report of 2019 company£4.8 billion istotal earning of company. The customer's of the company is regularly increasing with the time as they are providing their information on all the modern electronics. As the BBC has various channels on local and international the BBC 1,2 are two flagship channels of company. The documentary and cultural and news, children and other channels are also provided by company as this will attract the customers. The radio is another way to transfer the information they have approx ten station to reach the customer's and
generate the profit. The BBC is doing its all activities in order of attracting the customer's and expand their business to generate more profit. Size of BBC As every organization is not operated for profit, yet businesses are started with profit motive it is not necessary to come with huge workforce. There are different size of organization micro, small , medium or large(Kessler and Scolnic, 2017). In micro size organization have very few people in its work force that could be 10 employees in total as their area of operation also very small they general dealin the surroundingspeople. Smallorganizationhave approx 10 to 49 employees' in total to perform its activities and their targeted customers are surrounding area and other market as well. Medium size organization have 250 employee's and having a wider area to attract the customer's their scope is basically high. The large organization have more than 250 employees'toperformtheorganizationalactivities.Thedistinguishofdifferentsizeof organization are based on number of employees they have in their workforce. BBC is a broadcaster of public service in UK, the size of BBC is basicallylargeas there are22,000 number of employeesin the British Broadcasting corporation. The employees are regularly doing their work an achievement of organizational goal. The BBC is regularly recruiting more and more employees as per its work requirements. The BBC is a largest and oldest broadcaster in public services. Scope of BBC As the organization scope is according to its size and motive to perform the activities. The British broadcaster corporation is a large organization that have a huge scope in the international market. BBC is a large organization having with huge number of customer's who are using the data and information regarding the education, entertainment and other activity. The BBC has increased its scope with developing its services in its field. The company is providing services as per its value in the market of broadcaster. The company is a multinational firm of providing digital services as having a large scope in current market. Interrelation of function of BBC TheBritish Broadcasting Corporationis doing its all the function interrelated. The manager is trying to monitor all the activities which are performed in the organization. The department of
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humanresource,marketing,financeandresearchanddevelopmentandproductionare interrelated with each other for better working(Henning and Ewerth, R., 2018). Production department with marketing department: theBritish Broadcasting Corporationis making its services more effective regularly as customers are searching the quality of service in the market and to increase the loyalty they provide quality and innovative services. The BBC make an inspection of market before producing its services as if the services which are provided by company is not according to the competition then people will not prefer that service and shift to some other broadcaster. The marketing is done according to the production of services. The BBC give a target to marketing department to do their work accordingly. The BBC have to market its services so that people get aware of service which are offered by company. Human resource with finance department: the human resource aim to is to take care of its employees. The human resource deal with employee training, recruitment, compensation as well as rewards. Department of human resource work very closely with finance department as the finance department allot the particular budget to human resource for the process of recruitment process. The finance function is done keeping in mind the activities of human resource the employee's salary expense as well as other expense that are incurred doing the process. The human resource providing effective employee to finance department so that they can perform better in the works(Finch, 2019). The human resource department provide regular training sessions so that they can improve their skills and achieve their organizational goal they also act as supply chain of employee's. The finance department provide budget to human resource so that they can select the most effective employee's for the organization. Marketing department with human resource department:The management of BBC have to make the resources available whenever they are needed so that they can utilise the resources effectively. The BBC is performing its marketing function very closely to human resource department because marketing of all the channels that are provided by BBC is done with the people who are appointed by human resource. They are appointed as per the need of marketing activities. As the marketing function communicate the brand to its potential and new customer. The collaboration of marketing and HR communicate brand to its employee's. Both the function are work together like marketing creates and transfer the brand message to its employee's. Production department with finance department:the production department main duty is to produce its goods and services of BBC. To produce its goods and service they need the
technology and other researches that are conducted with a huge expense the company need finance to pay the expanses(Carlborg and et. al., 2019). The employee are also required to handle the activities of producing and distribution of service, and they also need budget for recruit the efficient employees. Internal and external analysis of BBC Internal analysis is the complete investigation of a company's internal constituents both tangible and intangible. It helps the organization decision makers to accurately determine the areas for growth or improvement of practical business strategies or business plans. Internal analysis includes the SWOT of the company. With the help of SWOT analysis of BBC, identification of strengths, weaknesses, opportunities and threats of the business has been considered in relation to business competition and project planning (Gürel, 2017).Strengths: The strengths of the business refer to those areas which make it unique in the market. The old reputation of BBC is the major strength of the company. From several decades' organization has maintained its level continuously and because of this audience have great faith in the news item and broadcasting of BBC (Kabeyi, 2019). It's another strength is that it is the largest broadcaster in the world.Company knows each and everything about the journalism in detailed manner which brings new things to the viewers. With the help of advanced marketing strategies BBC gives tough competition to its competitors. Technological advancements are also one of the major strength of the British Broadcasting company because it uses highly technical web designs, softwares and graphic designs.Weaknesses:Weaknesses of BBC refers to the areas in which the company required to concentrate more and there are chances to do better in near future. Many audience share their views that BBC broadcast biased news and touch the sensitive issues of the society in the world. This review somehow effects the brand image of the company. Another weakness of the company is that it has very high operating costs. In comparison to its competitors, British broadcasting company faces issues in regard to operating costs (Ramachandran , 2017).Opportunities:Opportunitiesofabusinessrefertothoseareaswhichhelpsthe organization to grow bigger and better. One of the opportunity for BBC is becoming
trendy in the current scenario. Organization needs to be more involved by covering global events by providing better analysis. Joint partnership with another satellite channels will bring more opportunities for the business. The popular image of the BBC has crossed all the boundaries and due to which the company got revenue from Asian and South American market which acts as an opportunity for the business of the company. BBC also trying there best to become unbiased is also considered as one of the opportunity for the business because with the help of clearing their image the company will able to build strong image in front of audiences.ï‚·Threats: In competitive phase, BBC also feels threat from the company like CNN who works in the same field and offer similar services to the audience worldwide. There are several domestic channels that are rising to give strong competition to BBC. It might decrease the viewership of BBC (Helmold, 2019). Externalanalysisisaprocessofinvestigatingindustryenvironmenttodetermine opportunities and threats of the company and analyse segment that will drive towards the profitability and growth of the company. With the help of PESTEL, BBC identifies the factors which effects their business in the market place.ï‚·Political: BBC is founded on Royal Charter and controlled by Board of Governors. However, the chairman of the company states that the BBC remain independent of political and commercial influence but it has to face certain pressures of government in terms of licensing. Because the licence to broadcast has never been issued for infinity and therefore act as a conflict for the company. Thus, in such way political policies do influence the company.ï‚·Economic: BBC is a national institution and non-profit organization funded by licence fee and does not operate on commercial grounds. Due to cost-cutting in government disbursement, BBC agreed to keep the licence fee at the current amount for some upcoming years.ï‚·Social: From initial times, UK has been a leader in a digital revolution and always tries to enhance the quality of living by getting Britain fully connected. BBC offers same things to the environment of UK and worldwide also to meet their goals. BBC provides social and cultural benefits to their audiences across the world without excluding anyone due to
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their financial circumstances. British Broadcasting Company reacted to new changes by being actively present on social media platforms such as Twitter, Facebook, etc. The company also introduced new channels for toddlers and teenagers in order to serve their services to all age groups of the society (Afridhis , 2020).ï‚·Technological:Technologicalenvironmenthaschangingdrasticallyandthusthe consumer behaviour. BBC has enhanced its website services with the increased internet coverage all over the world. BBC is profiting from advanced opportunities brought by the internet. Because with the help of advanced technologies, the company is able to search and identify news and stories that are worth broadcasting.ï‚·Environmental: BBC also considers the environmental issues and try their best to act accordingly. Such as the company's head office is supported by rainwater harvesting system and water saving toilets. Disposables are not allowed in the office premises and the company have centralized recycling point for waste. Organization also works for conserve electricity also feature that the company works towards the environmental issues as well. The organization feels responsible with regard to environmental factors and to provide fair and ethically accurate services to the communities (Elavarasan, 2020). ï‚·Legal: The legal issues faced by the BBC is that the company is dependent upon the government as the board of governors still chosen by the government. The amount of licence fee also decided by the government only. The legal issues in terms of licensing as the licence given to the channel is never for infinity faced by the British broadcasting company (Beacham, 2020). Influence of globalization on organizational strategy and decision-making BBC have influenced with globalization strategy and decision-making which implies by stretching the economic, social and political activities across the world. The globalization plays three major roles like channel coordination with the globalized timings, possible space by creating the condition of globalization infrastructure which forms social and cultural relationship among others. The strategies which are followed by BBC with crossing the international boundaries in broadcasting are vertical integration with news agencies to broadcast service provider, while horizontal integration by promoting on various marketing channels, social media and communicating with customers (Victor, 2018). Company uses strategy of commercialization
from public service to commercial channels like euro -news. It also provides all type of news includingbusinessnews, travelandentertainmentrelatednews. BBC should takemajor decisions in context of making strategies related to rationalization which includes the variant of content, languages of communication, creating alliances with local channels and broadcasting groups in order to increase their market share. Apart from all these, broadcaster should more into religion approach should be increased. The company creates the proper offices and headquarters in every possible country and connected to local providers for better connection in various countries. BBC also have focused on various major issues and corporate between news channels and international channels such as discovery, national geographic, etc. With the effective introduction of live broadcasting of two newsrooms at the same time helps in decision-making and production cycle. Organization created local, national and international newsrooms which helps in assessment of audiences at geographical level. The globalization benefits each and every industry in the form of increased decision-making behaviour and leadership of managers of the company (Nurmi, 2018). BBC offers easy access of information services to its customers globally, due to which the company is able to understand the needs and wants of the consumers and act accordingly. Making international applied strategies and taking decisions which are going to implementworldwide are not easy for the organization as it includesthe risk management principles which required highly qualified employees to work efficiently because it also restricts and interrupted through political and various other factors. Globalization also increases the risk taking ability of the company which helps in taking decision-making and helps while facing intense competition from different global organization working in same industry. Due to this the company also focus on diversified operational market across the boarders in order to increase their market share. Operate globally is the primary strategic plan of any organization to enter in foreign market with an aim to grow and sustain competitiveadvantages.Whereas,mostofthecompaniesfailtoprovidetheexpected competitive advantages so, in order to take competitive advantages company must analyse and make effective decisions towards international diversified strategies to avoid any kind of business failure and loss as currently the market is very dynamic in nature and globalization effects the industries both directly and indirectly. However, it has some counter impacts that globalization might pollute the environment, may impose poor working conditions within the organization and involvement of low wages of local workers are some issues faced due to
globalization. This is the major reason that viewers take it as a threat towards the world's cultural diversity (Picard, 2020). CONCLUSION The report is concluded that the business report is type of activity in which the BBC manager to used to inspect the situation with the business theory to develop the various kinds of solution to improve the process of report. The BBC is the largest broadcaster of UK which is continuously expanding its business as the company entered the market with the motive to generate profit and its main aim is to maximize its profit with customer's satisfaction. BBC is regularly developing its channels quality to enhance the profit margin. The BBC is a large organization that is having large number of employee's to perform its functions of organization. The company is having majority of UK customer's who are using their services and their scope of BBC is large as the modern world use the digital technologies and the company is providing its services in the same. The function of BBC perform their activity very closely and they are link with each other as the marketing function used to perform its activities very closely to human resource, finance, production and vice-versa. The internal and external factor analysis will help the organization to inspect the environment and company can improve its activities by inspecting the strength and weakness of company. BBC has affected with globalization as earlier the company is not having adequate stakeholders to invest in the company and also lead to expansion of the company.
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