Contemporary Developments in Business and Management

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Contemporary Developments
in Business and Management

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Table of Contents
INTRODUCTION.................................................................................................................................2
MAIN BODY........................................................................................................................................2
Brief overview of the primary external influences.............................................................................2
TASK 2.................................................................................................................................................6
CONCLUSION...................................................................................................................................11
REFERENCES....................................................................................................................................12

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INTRODUCTION
The contemporary business world is very much competitive as today consumers are
very much demanding, to remain competitive it is important to access the consumers’ needs
and wants in potential manner. Now a days the interface of both the internal and external
factors or environment directly contributes in organisational development and enhancement
for achieving the desirable outcomes (Zin and Ibrahim, 2020). Organisations mostly
influenced by the internal environment and generally remain less influenced by the external
business environment. To remain always competitive, it is very much potential to conduct the
through research and development as it provides the through knowledge and information that
directly contributes in consumer purchasing decisions. Respective report is based on the
Parcelforce Worldwide which is the UK’s Largest private shopping service delivery
organisation as it render the more than one millions Parcels a day across the 34 European
nations and it is direct competitor of the delivery brands such as DHL, FedEx and UPS.
Respective report is based on the impact of external business environmental factors on the
organisation work and activities with evaluation the organisational position and response
against it. It also includes the analyse the significance of corporate social responsibility and
sustainability and way it influence the policies and decision making in the chosen

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organisation. Further it includes the critical evaluation of the effectiveness of organisational
response and various areas of improvement to remain always competitive in marketplace.
MAIN BODY
Brief overview of the primary external influences.
External influences are the business factors that may have little or no control over that
incudes political, economic, social, technology and many more factors that directly influence
the business works and activities in effective manner. In context of Parcelforce Worldwide
which is one of leading organisation in sector of courier services at the broad level influenced
by the external business environment that is uncontrollable in nature. Here are the description
of external business environment of respective organisation and its influence on its business
activities.
Political factors Political environment is very much important for the
organisation as observance of respective environment
firm can track its business environment (Waugh,
2019). By using it they can change in political factors
that directly affect the business strategy as stability of
political system directly influence the apparel of
specified local market. In context of Parcelforce
Worldwide as it deals in the UK marketplace that is
dynamic in nature. In political factors consist of
government regimes, taxation, regulations on entry
and exit and many more. It has been analyzed that
understand the political factor is very much important
as it directly influence the organisational work and
activities. In that regard it is very important to build
strategies and tactics in potential manner. It has been
evaluated that in context of Parcelforce Worldwide
due to advent of Brexit that largely impact the
business and related activities. Brexit lowering down
the purchasing capabilities of consumers that directly
influence the profitability of organisation. Further it