Contemporary Developments in Business and Management

Contemporary Developments
in Business and Management

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................4
Primary external factors of the organisation................................................................................4
TASK 2............................................................................................................................................6
1. How it will affects the strategies and decision making policies of the organisation...............6
2. Evaluation of the importance of the company response..........................................................7
3. Areas for improvements in the organisation............................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................10

INTRODUCTION
Developments of the business and management is the effective ideas, opinions and
suggestion which leads to the success and growth of the company in the future and present
condition of the market. The developments of the business and management is essential to
increase the revenue, expansion of the business in the global markets and increase in the level of
the profits of the company. This report evaluates the development strategies of the Scottish and
southern energy plc (SSE) company which is the largest company of gas production in the UK.
The headquarter of the SSE is at the Perth, UK which provides the variety of services related to
the gas in the market. Different external factors which influences the effectiveness of the
company in the market are explained in this file. In this file there is determination of the different
areas which needs the improvement in response of the SSE.
TASK 1
Primary external factors of the organisation.
In the business of the SSE plc they produce and supply the gas and electricity in the UK
and they are affected by the different types of external factors. Porters five forces and PEST
analysis are the one which describe the effects of the external factors on the business activities of
the SSE plc. These analysis are explained below:
PEST analysis:
Political factors: The strategies and policies of the business are highly influence when
there is changes in the policy of the tax, trading and tariffs. The SSE plc provides the advantages
to the government of UK by developing the new power station of fiddler's ferry which
contributed large number of electric energy so that the government of the UK (Granz, Henn and
Lutz, 2020). The success and growth of the business is depend on production of the gas which
helps the government of the increasing the gas in the greater extent in the UK.
Economical factors: This factor affects the total demand, supply, investments and the
environment of the business of SSE plc by changes in the interest rates, inflation rates, GDP and
present economic stage. This will increases the profits of the company at the higher rate and
sometime leads to the loss of the company also. By the development of the new station of the
power and products of the markets of the power SSE plc will contributed largely to the economy
of the UK. The company will employees 19,200 people in their business operation and will helps