bussiness and enviroment (ICS)

hi, \n\nkindly note the client is offering 40 pounds for this work \nplease you can choose yourself the company but make sure is around or in London and is in the assessment requirements (industry)\nplease see attached files for brief \nthank you

Business and environment
(ICS)

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
1. Two key issues affecting chosen subsector.............................................................................1
2. PESTEL Model........................................................................................................................2
3. Discussion................................................................................................................................3
a. Positive impacts.......................................................................................................................3
b. Negative impacts......................................................................................................................4
4. Challenges faced and overcome in preparing reports..............................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
Business environment is characterised to all internal as well as external factors that have
huge possibilities to impact organisational functions. Sub sector is said to the small section
within larger sector. The report is based on Bristol Cars Limited that operates within auto mobile
sector and is has headquarters at London, United Kingdom. At present there are 173 sub sector
that plays crucial function in making contributions towards turnover as well as adds values
towards improving economic position of a country (All about sub sector, 2019). The report
discusses about key issues that affects the sector, usage of PESTEL model, positive and negative
impacts of the issues on the business and challenges faced while preparation of report.
MAIN BODY
1. Two key issues affecting chosen subsector.
Auto mobile sector is said as the sub sector that makes passenger vehicles like sports
utility vehicles, light trucks as well as cars (Capon, 2009). Within the sector, companies gets
involved in designing, manufacturing, promoting together with selling motor vehicles in the
competing market place. It do not involve firms contribution towards maintaining auto mobile
delivery to end consumers. The sub sector do not manufacture heavy trucks addition to
recreational vehicles. Various issues that are affecting the sub sector are as follows:
No deal Brexit: It has been considered as major issue within auto mobile sector due to
exit of United Kingdom from European Unions which resulted in clear as well as presents danger
towards the sector. Prior to Brexit, Eu represented around 81 percent as well as 52.8 percent of
imports and exports of vehicle volumes of UK. But after this, there was introduction of
automotive tariffs such as 10 to 22 percent connected with commercial vehicles, 10 percent with
passenger cars and around 3 to 4 percent on automotive parts. In addition, the production level of
vehicles within the sector has also fell due to no deal Brexit that has threatened the viability of
such sector the most (Brexit affecting automobile sector, 2019). The drop has also fallen down
the exports due to which relationships among countries did not remain same and impacted on
hitting the auto mobile market. Such move has resulted in ending frictionless trades that has
added billions to vehicle manufacturers for importing or exporting as well as put uncountable
jobs in risk. In addition, Brexit has also resulted in falling value of Pound against Euros which is
threat for auto mobile sector as companies has to now add their costs on costs on the prices and
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have to increase their car or other vehicle prices that may not be preferred by market and
consumers decreases buying such vehicles that results in decrease of sales volume of car
manufacturing companies which overall affects profitability of auto mobile sector.
The electric challenge: For getting the emissions level down, various car manufacturers
needs to sell big quantity of electric vehicles or technologies but is is one of the issue on their
path. With the subsector, vehicle manufacturers fails to provide electric vehicles in right quantity
due to various unforeseen hurdles (Thomas, 2019). They are required to make alterations in their
existing operations as well as gears of various cars to mass market and for this huge investment
is required by the companies which creates pressure on the whole auto mobile subsector. The
increasing pressure as well as combination of new threats from high tech firms is also trying to
muscle towards auto business which forces car manufacturers into mergers. Other than this, there
are various countries whose market is not ready to accept the electric vehicles due to poor
infrastructure for charging stations of roads, expensive battery technology, lack of charging
stations and many more reasons. Technological limitations, consumer uncertainty addition to
production challenges plays key role in hampering overall automobile sector.
2. PESTEL Model
PESTEL Model is acronym for the framework that is utilised to identify together with
monitoring external forces which are faced by the firms or pertaining sub sector (Comes, 2018).
It is related to external analysis that is used to conduct strategic analysis as well as performing
market research so to get overview of distinct macro factors that are present in business
environment are to be considered. The PESTLE model includes:
Political: The factor determines the ways in which government policies may impact
specific sector. It includes political policies, taxation policies, trade restrictions, political stability
and labour laws. The issue related to no deal Brexit is categorised under political factor as within
the occurrence of Brexit the main role was played by political parties of Britain had cut lies or
relations with mainland of European such as United Kingdom. The political parties have defined
various tariffs and taxations that has resulted in decline of sales and profits of vehicles for the
auto mobile sector.
Economic: The elements within economic factors are said to economic growth, interest
rates, unemployment rates, foreign exchange rates along with inflation rates. All these impacts
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on economy of a country and its performances which in turns impacts entity as well as its
profitability.
Social: The factor mainly emphasis on identifying emerging trends within social
environment. It includes population growth rate, career attitudes, safety emphasis and cultural
aspects. The auto mobile subsector has completely revolutionized overall society by delivering
vehicles by understanding the needs with demands of targetted customers.
Technological: The rate at which technology is innovating and developing also affects
auto mobile sub sector (Jian and Yi, 2012). It comprises of changes within digital technology,
research, technological incentives and automation. The electricity challenge issue is categorised
within technological factor as the growing need to electric cars can only be satisfied by
developing technological innovations within auto mobile vehicles. For some auto mobile entities,
experimenting with driverless and smart cars is one of the difficulty faced by them that affects
the overall sub sector the most.
Legal: it is crucial for all business concerns to understand the legal aspects and
implement them within the territory their activities or operations are performed. Factors like
antitrust law, discrimination law, employment legislations and trade restricts acts falls under
legal factor.
Environmental: The influence of surroundings addition to ecological aspects are related
to environmental factors. It includes recycling procedures, waste disposal, climate, sustainability
and carbon footprints (LIU and Et. Al., 2012). It is becoming more crucial to considered by
selected sub sector as it is considered as biggest culprit to damage or destroy environments.
3. Discussion
a. Positive impacts
The key issues that are identified above also results in various positive impacts for Bristol
Cars Limited as No deal Brexit can help the entity to make relations with other surrounding
countries like Switzerland and many more that are other that European Union and shutting down
the premise that adds more costs and opening new workplace where more motor vehicles can be
promoted for increasing demand (Magrogan, 2012). With increase in product demand, company
can satisfy more customers and can add them as their potential clients that will increase their
market shares and revenue profits to great extent. Similarly, the electricity challenge also help
the selected company to make investments in order to gear up manufacturing of electricity cars
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in proper manner with updates technologies so that they can satisfy the need of electricity
vehicles in the competing market. With this challenge, the entity can also improve its market
position and brand image through delivering the electricity vehicles in bulk quantity in limited
duration. It will not only help in satisfying market needs but also managing production with in
the competition from other companies that impacts on increasing demand for vehicles in positive
manner.
b. Negative impacts.
Other than the positive impacts, the key issues also result sin negative impacts for chosen
entity. For example, due to no deal Brexit, there will be huge pressure on the entity to shut its
premises located at EU and to remain in dynamic market for making revenues, the firm is
required to open new offices in other countries. For overcoming from the pressures and acquiring
new locations, managers of respective entity has to make investments in bulk quantity that will
show outflow of cash and decreasing profits of the entity resulting in negative impacts (Nguyen
and Et. Al., 2019). In addition, the entity also have to add its costs in the prices of renowned
vehicles and announcing the changes in prices may impact on changing perceptions of potential
customers for products that can lead towards decline in customer base that can impact in
negative manner on the selected business concern. Similarly, the electricity challenge also
creates pressure of Bristol cars Limited to acquire updated technologies so that they can
manufacture electronic vehicles and for this the entity is required to outsource professional
engineers who have knowledge about the technological application. Acquiring technologies and
hiring professionals will add more costs to company resulting in reduction of profit quantity that
shows negative impacts on business.
4. Challenges faced and overcome in preparing reports.
Preparing accurate report without any challenges is what one individual wishes. But
wishes are never fulfilled as there are various challenges lying in the path of preparing reports.
While preparing report, I faced various challenges. Some are as follows:
Information collection: It was too difficult for me to collect the relevant information
concerned with topics of the report. To collect the statistical data and putting comprehensive
procedures of data collection into appropriate places was very tough. Various challenges within
data collection as faced by me were poor quality assurance, choosing inappropriate time,
insufficient financing, lack of facilities, systematic errors and poor quality control. Many times,
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I wanted to assess process effectiveness but discovered the things that were not required and it
was very frustrating.
Finding authenticity of information: While preparing reports, another challenge that I
faced was searching authenticity of the information. Authentic source is something that provides
well reasons for discussions and arguments which are based with strong evidence. During the
collection of required information, authenticity plays crucial role as it states whether collected
information is authentic or not. I also faced the challenge to search authentic sources for the
collected information. It was too difficult for me to search accurate source and analysing it
correctly with the information as it consumed more time.
The above challenges were overcome through various ways:
Scheduling activities: Scheduling is balancing the load of system as well as ensuring
equal resource distribution so to giving priorities as per set rules. While collecting information, I
scheduled by workings and prioritised the necessary activities so to collect information within set
duration. I first laid down scheduled plan including time allotted for particular activity,
sequences of activities to be performed, estimated resources needed for each activity and
followed the sequence of orders that helped me in overcoming challenges while collecting
information.
Taking support from others: In order to find authentic sources of information, I
contacted my superiors and colleagues who helped me in searching reliable information sources.
They guided me to use various websites from google scholars and using various programs
addition to applications such as Trooclick, Lazy Truth, Genuis, Skeptive and Truth Googles. All
these programs helped me at levels to check the information content authenticity during
preparing the report.
From the challenges faced by me in preparing the report. I learned to manage my time as
well as information in proper manner. In addition, I also learned various techniques to collect the
data with proper research and its sources. Challenges also helped me to gain knowledge about
the ways in which I should apply my skills in various situations.
CONCLUSION
The presented report it is concluded that business and environment have great influences
on a business and the sector in which they are operating. The key issues that are affecting auto
mobile sub sector are electric challenges as well as no deal Brexit. PESTLE model is used to
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make categorisation of the issues and to monitor changes within macro environment that can
impact working sectors. The positive impacts of the challenges on the entity were increased
demand and opening premises at new locations where as negative impacts of the same challenges
were increase in costs and creating pressure on the business. While preparing reports, an
individual faces challenge of collecting information and searching appropriate source for the
available information.
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REFERENCES
Books and Journals:
Capon, C., 2009. Understanding the Business Environment. 3rd Edition. Harlow: Pearson
Education limited.
Comes, E. N., 2018. Machine Learning Methods for Predicting Global and Local Crime in an
Urban Area (Doctoral dissertation, Illinois Institute of Technology).
Jian, L. and Yi, K., 2012. Fuzzy Matter-Element Proximity Evaluation Study of Regional
Industrial Ecosystem Health: A Case Study of Tianjin Binhai New Area [J]. Areal
Research and Development. 3.
LIU, J. and Et. Al., 2012. Concentration of caprolactam wastewater by using membrane [J].
Membrane Science and Technology. 2.
Magrogan, D., 2012. Life Cycle Assessment of Hemodialysis Treatments (Doctoral dissertation,
Tufts University).
Nguyen, A. T. and Et. Al., 2019. Factors affecting entrepreneurial intentions among youths in
Vietnam. Children and Youth Services Review. 99. pp.186-193.
Pulcini, C., 2017. Agent-based simulation of macroeconomic systems (Doctoral dissertation,
Universitat Jaume I).
Rahmawati, S. and Budiwati, C., 2018. Karakteristik Perusahaan, ISO 14001, dan Pengungkapan
Lingkungan: Studi Komparatif di Indonesia dan Thailand. Jurnal Akuntansi dan Bisnis.
18(1). pp.74-87.
Ribó, A., 2016. Essays in Economic Theory.
Sloman, J. and Jones, E., 2017. Essential Economics for Business. 5th Edition. Harlow: Pearson
Education limited.
Online:
Bristol Cars Limited. 2019. [Online]. Available through: <https://bristolcars.co.uk/#home>
All about subsector. 2019. [Online]. Available through:
<https://www.ftserussell.com/data/industry-classification-benchmark-icb>
Brexit affecting automobile sector. 2019. [Online]. Available through:
<https://knowledge.wharton.upenn.edu/article/brexit-auto-industry/>
Thomas, D., Five reasons the car industry is struggling. 2019. [Online]. Available through:
<https://www.bbc.com/news/business-48545733>
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