Different Responsibilities of British Airways as an Organization

   

Added on  2020-02-05

15 Pages5098 Words93 Views
BUSINESSENVIRONMENT
Different Responsibilities of British Airways as an Organization_1
TABLE OF CONTENTSINTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................31.1 The purpose of various types of organization........................................................................31.2 The key stakeholders of British Airways and extent to which organization meet theirobjectives.....................................................................................................................................41.3 Different responsibilities of British Airways as an organization and strategies employed byit to meet them.............................................................................................................................52.1 Types of economic systems...................................................................................................62.2 Impact of monetary and fiscal policies on the functioning of British Airways.....................72.3 Impact of competition policy on the functioning of British Airways....................................8Task 2...................................................................................................................................................83.1 Pricing and demand for airline seats in different market structure........................................83.2 Impact of organizational forces on the functioning of British Airways................................93.3 Impact of business and cultural environment on the functioning of British Airways.........104.1 Impact of global changes in trade regime caused by regulatory organizations...................104.2 The impact of global factors on the business of British Airways........................................114.3 Impact of European Union policies on the functioning of British airways........................12CONCLUSION..................................................................................................................................12REFERENCES...................................................................................................................................132
Different Responsibilities of British Airways as an Organization_2
INTRODUCTIONBusiness Environment refers to combination of external and internal factors whichimpact working of a business including management, employees, suppliers, customers,competitors and government etc. However, all these factors have direct as well as indirectinfluence on the functioning of the company so it becomes necessary for firm to consider allthese factors. For conducting the present research, British Airways has been given and itsbusiness environment have been analyzed so, as to know effectiveness of operations which isbeing carried out by this airline company in UK (British Airways, 2015). British Airways is oneof the largest airline company of UK and also carries second highest number of passengers in thecountry. In first part of the report operational activities of British Airways were analyzed whichalso includes the different policies of country which makes impact on the business of BritishAirways. Further in second part the impact of market forces and global factors on the operationsof British Airways were examined.TASK 11.1 The purpose of various types of organizationEvery organization operates to achieve certain aim and objectives. Further differentorganizations operates for different purposes such as profit earning, growth and development ofsociety. Major types of organization and their purpose are mentioned below as: Private organization- These are the organization which operates with main purpose ofincreasing sales and profitability. Further all their efforts are directed towards oneparticular goals which is to enhance their customer base (Fey and Birkinshaw, 2005). Public organization- these are the organization which operates with a prime purpose ofoffering quality products and convenient prices to the people in market. Rather thanlooking only after higher sales and profitability, these organizations also seeks for waysthrough which economic development can be done.Non-profit organization- The main purpose of these organization is development ofsociety. Further all their operations and activities are done for social development andeliminating issues of society such as child labor (Gasparotti, 2009). 3
Different Responsibilities of British Airways as an Organization_3
British Airways is a public limited company which aims at providing better quality ofairline services to the people in market (British Airways, 2015). 1.2 The key stakeholders of British Airways and extent to which organization meet theirobjectivesStakeholders refer to those individuals or groups who have their interest in thefunctioning of a company. They can impact or can be impacted by the organisations operations,policies and strategies. Some of the main stakeholders are shareholders, employees, creditors,directors, government and the society. It is very essential to meet the objectives of them they arekey element of a firm. British Airways is capable enough to meet objectives of its stakeholdersand it has been discussed below, Owners : The owners of the company invest their money in an organisation and thus havestake in company so, the main objective of owners associated with BA are linked with thegrowth, profitability and sustainability of the company. Further, the company meets theirobjectives by timely distribution of profits in the form of dividend and hence thismaximizes their wealth (Bernard and Jensen, 2004). However the company is alsocarrying out efficient operations and make its owners proud for being associated withthem. Employees: They are the people who work hard for the success of British Airways. Themain aim of employees is to get timely salary and incentives, also they want properpayment accordance to the work performed. Thereafter, the purpose of staff members isto get career advancement, proper training and development. Furthermore, the companyensures that employees get their performance appraised on time thus provide them withproper salary, bonus and other incremental benefits (Ormanidhi and Stringa, 2008). BAensures that its employees gets proper facilities at work place and healthy workenvironment. It also provide proper training, development and motivation for their careergrowth.Government: They are the regulatory bodies that govern the functioning of an enterprise.The basic purpose of the government is to ensure that company perform its operationswithin the regulatory framework, fulfill its social responsibilities and also help insustaining economic growth of an economy. Furthermore, the BA who work4
Different Responsibilities of British Airways as an Organization_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Unit 1 Business Environment Organisation Types Assignment
|13
|5159
|55

Business Environment Assignment PDF : British Airways
|16
|5519
|147

Business Environment at British Airways
|14
|4342
|204

BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION 1 Task 11
|13
|4550
|302

Report on Business Environment of British Airways UK
|13
|4505
|211

Concept Of Business Environment- Brief
|13
|4179
|180