Bussines Environment

Business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
1. Identify and describe issues affecting the sub sector...............................................................1
b.) Sufficient details.....................................................................................................................3
2. PESTLE model .......................................................................................................................4
3. Impact of such issues...............................................................................................................5
4. Challenges which are faced to overcome during preparing report.........................................7
CONCLUSION................................................................................................................................7
REFERENCE...................................................................................................................................8

INTRODUCTION
Business environment comprises with internal and external factors like customer needs
and wants, management, demand and supply, clients, government activities, social trends,
innovation in technology, economic changes and market trends which attracts to run a business.
Such factor affects operating situation of company in business market (Kljucnikov and et. al.,
2016). Internal factors are those which can be control where as external not. According to
Industry classification Benchmark (ICB) sub sectors are divided in 173 sub sectors who are
running their business. For better understanding Auto mobiles sub sector has been chosen. Aston
Marting is selected that is manufacturer of sports cars and tourers. Such organisation was
founded by Lionel Martin and Robert Bamford in 1913. It faced a trouble history while running a
business after the third quarter of 20th century and then enjoyed succuess and stability for long
period in business environment or market. Different topics covered in report such as issues
within business environment in UK, PEST analysis and its impact on business organisation and
challenges that helps to understand how a business gain higher profitability after facing all
challenges.
1. Identify and describe issues affecting the sub sector
a.) Issues that affect business environment
Sub sectors are the classification of sectors which is based on transparent research helps
to face the all issues (Decock and Spiessens, 2017). Auto mobile sector is one of them which is
facing different types of issue which running their business. Some issues are as defined:
Unemployment – This is a major issue which is arising in UK's business environment
such as many people are unemployment which are affecting the businesses as well as UK's
economy. The main reason is recession which is falling the GDP. As business organisation are
producing products less, so there is demand of less workers which is creating unemployment and
increasing the poverty. People are losing their jobs due to this issue and the affect the business
environment of UK. It is affecting the sub sector as if Auto mobile sector is manufacturing low
number of cars then it recruits only limited people and rest are the unemployment which are
affecting negatively on environment (Crick and Chew 2017).
1