Countryside Consumption and Environmental Relations

This assignment delves into the complex interplay between countryside consumption patterns and their environmental consequences. It examines various aspects, including the effectiveness of co-governance models between governments and civil society in managing these relationships. The study also analyzes the impact of factors such as quality of work life on organizational commitment within public organizations and explores the role of fiscal policy in mitigating economic challenges. Furthermore, it investigates the implications of competition law for Small and Medium Enterprises (SMEs) and its influence on their development.

Business Environment

TABLE OF CONTENTS
introduction......................................................................................................................................3
TASK 1............................................................................................................................................3
1.1.................................................................................................................................................3
1.2.................................................................................................................................................4
1.3.................................................................................................................................................5
Task 2...............................................................................................................................................5
2.1.................................................................................................................................................5
2.2.................................................................................................................................................6
2.3.................................................................................................................................................7
Task 3...............................................................................................................................................7
3.1.................................................................................................................................................7
3.2.................................................................................................................................................8
3.3.................................................................................................................................................9
Task 4...............................................................................................................................................9
4.1.................................................................................................................................................9
4.2...............................................................................................................................................10
4.3...............................................................................................................................................11
Conclusion ....................................................................................................................................11
References .....................................................................................................................................12
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INTRODUCTION
Business environment is the sum total of all external and internal factors which influence
its activities. The present report is based on Glion Institute of Higher Education which offers
postgraduate and undergraduate programs. It includes hospitality management, sport and
entertainment in degree tracks. In this report, responsibility of organization to meet the needs of
stakeholders will be described. Along with this, impact of competition policies on bussiness
activities will be evaluated. Apart from that, purpose of different types of organization and
compression in between the mission and goals of firms will be identified.
TASK 1
1.1
There are different types of organizations operate in a nation which can be publicly
owned or private. Along with other corporation such as partnership business and sole trader are
also included which has direct impact on economy. Here, public organizations tends to focus
upon ensuring well being of entire nation because these kind of corporations are directly
connected with government (Popli, Chauhan and Sharma, 2014, ). Further, private organizations
has basic aim to cater their own requirement and focuses to lower down cost of production for
the purpose of increasing overall rate of return. On the other hand, partnership organizations are
those under which different parties work together to get desired output.
The mission of Glion education is to prepare the most hospitality driven professionals for
the world's premier businesses. Similarly, mission of college is to be the world's top-ranked
higher education institution in the hospitality sector (Whish, 2016.). For accomplishing the set
mission and vision company tends to focus upon strategic objectives under which modernization
is adopted. It facilitates to improve the service quality and deliver the most competent workforce
in the hospitality sector of UK.
On the other hand, vision of University of West London has vision to create leading
institution which is specialized in the development of creative professionals and education. The
mission of corporation is directed towards to excellence under which student centered approach
are used by the university. Furthermore, strategic objective of college to become the best modern
university in London with the highest graduate employment rate in the UK. Therefore, aim and
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objectives of both corporations are almost similar whereby they focus upon building good image
in the marketplace by offering good quality of services.
1.2
Various stakeholders of Glion Institute of Higher Education institution are suppliers,
government, employees and faculties. Expectations to meet the objectives of different
stakeholders are explained as follows-
Stakeholder Primary/
secondary
Expectation Objectives Meeting the
objectives
Government Primary Government
focuses to
generate
employment
opportunities for
the citizens and
frame policies
related to
taxation, etc.
It will increase
tax rate by 5%.
Glion institute of
higher education
requires paying
taxes on time. It
recruits more
people for
reducing
unemployment.
Employees Secondary Employees seek
for their growth in
the
corporation(Safi,
2012.).
Equal
opportunities for
employees.
Favorable working
condition is
provided along
with growth and
development
opportunities.
Students Secondary Students want
skilled teacher for
In Glion Institute
of higher
Recruits only
experienced and
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getting succeed. education, highly
qualified teachers
in new session are
hired.
highly skilled
faculties.
1.3
Responsibilities of Glion Institute of Higher Education and strategies used to meet the
needs of different stakeholder are as follows:
Glion Institute of Higher Education can meet the needs of students by providing them
better facilities by hiring skilled staff. Moreover, for changing in landscape, new technology
should be used for student’s benefits (Tsujinaka, Ahmedand Kobashi, 2013.). They can
introduce massive open online courses and increase focus on learning way. Strategy used for
meeting the needs of students to take feedback from them and ask what type of problem they
face institute. College also ensures to take feedback from students to know about their needs.
They should allocate them sufficient resources so that they can work easily. Training is
given to them so that they can effectively perform their assigned tasks. It is provided to teachers
for enhancement of their skills and knowledge (Mertens and Ravn, 2014). Apart from that,
teachers are provided with attractive salary and wages as per the agreement and legislation stated
by government of UK. Apart from this, clear communication is ensured with different
stakeholders in order make them satisfied.
TASK 2
2.1
There are mainly three types of economic systems which are explained as follows-
Free market economy: In this, value of goods and services is determined by the
intersection of supply and demand curve (Palade, And et al., 2015). Further, under free market
economy, government has no intervention in the supply and demand of products and services.
Command economy: Under command economy, government plays a significant role as
all major decisions are taken by it. prices of the product is along with the pricing is decided by
the government. It is decide by the government what should be the price of products.
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Mixed economy - UK follows mixed economy which is the combination of command
and free market economy. Mixed economy is that in which both private sector and government
control the functions of corporation. It shows that government participation is required in the
allocation of resources (Mertens and Ravn, 2014). It have distinct public sector where resources
are allocated by government. Moreover, there are many sectors in which resources are allocated
by combination of markets. In this, decisions are taken like:
 What to produce: It is determined partly by government or by institution itself
 How to produce: it is determined partly by producer and little profit is taken by the
government.
 For whom to produce: Determined by purchasing power and partly by government
preferences.
2.2
Monetary policy is implemented for controlling the macro economic variables in
economy through variation in interest rate. Fiscal policy is another aspect under which
government affects the business by taking into account spending and taxation (Tsujinaka,
Ahmed and Kobashi, 2013.). The objective of government is to lower down inflation CPI by 2%.
They focus on keeping economic growth strong and on reducing inflationary growth as well.
The impact of fiscal and monetary policy on Glion Institute of Higher Education can be
understood in the following ways: Taxation: In fiscal policy, taxation affects the organization. If educational institute needs
to pay less tax, it increases the profit of company. Hence, lower tax rate policy is
favorable for Glion educational institution. Interest rate: If interest is charged at low rate then it is favorable for the Glion institution.
Organization will borrow more money if interest rate is less (Tsujinaka, Ahmed and
Kobashi, 2013.). It increases the profit of company because finance cost will be reduced.
Hence, lower interest rate is beneficial for Glion institution as when finance cost is
reduced then they can easily invest money in new projects.
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 Exchange rate: When company is importing resources from other country then it may
get benefits as exchange rate is low. Rise in exchange rate is benefited for exporter and
adversely affect the importer and vice versa.
2.3
There are many positive and negative impact of competition policy and other regulatory
mechanism on the Glion educational institution activities (Ahmadi, Salavati and Rajabzadeh,
2012). Competition policy promotes competition it improve the efficiency of Glion institution.
 Fair trading act 1973: It has a positive impact on institutions. This act include regulation
regarding the adaption of fair practices. This act protect the customers from unfair trade
practices which is adopted by the traders. It also has a negative impact if any single
person is involved in unfair trade practices it affects the whole Glion institution activity.
Hence, students and teacher should be protects against all this unfair trade practices.
 Competition act 1980: According to this act monopoly is prevented from misuse.
Competition in market is increases so m many same product are produced lead to the
growth of economy (Palade and et al. 2015). Glion institute need to think in innovative
manner to make it products and services unique.
 Enterprises act 2002: This act provides policies which Glion institute need to adopted.
So that all activities can be fairly practices. This act has a positive impact on educational
institute because all activities are carried out fairly and properly. It also has some burden
because companies need to follow every single policy given in this act.
TASK 3
3.1
There are different type of market structure and pricing and production decision of Glion
educational institute are as follow
 Monopoly market: in monopoly market there is single retailer. A monopoly can
decreases its production to charge a higher prices (Jin, 2012.). It can take demand as its
own the demand curve. Monopoly market aim to maximize the profit by establish short
run price. In this firm is price maker but they cannot charge a price which is not possible
by consumer to bear.
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 Oligopoly market: In this type of market there are many small firms is the sole producer
or this seller has no close substitute (Mertens and Ravn, 2014). In this market there is
produces sells a particular products or a services. There are many private institute like
Glion which provide and types of services. It has powerful influences on the total market
because price and policy of each effects the other firms.
 Perfect competition: in this type of market firms are free to enter, and sells
homogeneous product. There are many sellers sell the same type of product (Popli,
Chauhan, and Sharma, 2014,). Many buyers are present marker, so firm can sell any
type of product which they produced. Price of product and service sis determine by
industry because there are many sellers are engaged in this market.
 Monopolistic: differentiated products are sold in monopolistic market. All firms have
individual control on their products, so the price are set by them and control by firms
(Johannsen, 2014). Its output level is decided when marginal cost and revenue are equal
to each other.
3.2
There are many type of market forces present in the market such as customers, supply
demand, elasticity of demand and supply etc. this all plays a important role for responses of
Glion institution for the short term and long term response (Palley, 2015). Glion institute charge
high fees from it students when it activities in market is unique from the other institute. It is done
for increasing the profit of organization. When other institute provide same services and at
reasonable price. then perception of students changes they want to study in those institutes
where fees charged low. It is important for the institute to firm the strategies for lowering the
cost. Price elasticity of Glion institute is that services remain unchanged there is lower quantity
of demand due to higher the fees of institute. For example if a increases in price result by 2%
then their will be decreases in quantity of demand by 2.1% . as from the above case there is rise
in percentage of price then percentage of demand will be lower (Drautzburg and Uhlig, 2015). In
this case demand is said as elastic and total spending on good will be decline.
3.3
Business and culture environment
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Business environment : all the business activity are affected by the internal and external
environment. Th financial changes are mostly affects the profitability of business. Glion institute
is borrowed a huge fund and it has to pay high rate of interest (Kathuria, 2014). So company is
need to incurs huge cost which result in lower the profitability of educational institute.
Culture environment: student are demanding more services because of diversification in
culture and changes in life style. Institute need to focus on the culture and make changes
according to the requirement so customer (Palade, And 2015,). So organization need to come up
with various innovation for survive in the competition market.
Business behavior: Competition is increases day by day, it affects the business in positive and
negative manner too. Increases in competition also need to work hard and company need to
work efficiently for the success. On the other hand there are many companies adopt unfair trade
practices for beating a competitor in markets (Whish, 2016). It has great impact on the Glion
institution.
Organizational responses: Glion institute cannot if their are not skilled faculties. For keeping a
skilled and experienced employees management need to provide incentives to them on their
additional work.
TASK 4
4.1
Significance of international trade on the Glion educational institute. It is mainly refer to
global in which goods and services can be exchanged between one country to another country
(Devika and Agarwal, 2016). International trade helps in rising in the world economy which has
a great impact on exchange rate.
Basis Merits Demerits
Competitiveness It a ability and performances
of country for supplying a
goods and services in market
and it has ability to perform all
activities in relation to other
country.
Importing resources from other
countries will lower the GDP.
Transportation cost charge to
high at the time of importing
the resources
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Economic growth There is growth in economy
international trade increase.
When there is high
international business then it
add to more GDP. It will lead
to increases in national
economy of country (Johanson
and Mattsson, 2015).
International trade has been
impacted due to trade between
two nations leads t conflicts
and risess inmany political
issues. All the business and
economies are connected and it
has a great risk on
international trade. When there
is continuously trade it effect
the rules an regulation of other
country.
Optimum utilization of
resources
Those companies which are
involved in international
trade . Then all resources are
utilized optimally. There is lots
of wastage of resources and
through this cannot offer the
large range of variety to their
customers.
There is rise in economic
crisis, So the purchasing power
of UK is getting high from
low. Due to this all products
remain unsold. On the other
hand when goods re import
form other country then extra
cost is charged on the products
which are imported (Chaney,
2014).
4.2
Various Impact of Global factor on UK business organization of Glion educational
institute are as follow
factors Glion educational institute University of west London
Political Political factors effects the
institute because when
government changes then it
make new policy. Then
There are many rules and
regulation are made by
government which need to be
adopted by the university of
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institute required to implement
new policy in their business
west London. It is important to
follow rules and regulation in
accordance to the respect the
government.
Economical factor Glion institute profitability is
affected by the economics
factors. When demand of their
services decrease (Chaney,
2014. ). Due to change in
economic factors
The university of London
required to receives funds
from the government for
carrying out the activities of
business. Institute should be
very careful at the time of
using the government fund
Social There are different culture and
value people live in country,
so the Glion institute need to
carry all its activities by
keeping in mind the culture of
the employee and facilities
Strategy made by the west
London university according
to the changes in social factor.
In modern organization taste
and preference of consumers
are different changes should be
made according to the
requirement of costumers
4.3
Impact of the European directives and policies on the Glion educational institute
 Exchange rate: exchange rate has positive impact on Glion educational institute. There is
only currency euro used for the trading purpose among the EU members in countries.
When there is fluctuation in the in then trading can be Done smoothly (Kathuria, 2014.).
 inflation policy: Sudden rises in the prices it should be stop by the government. When
there is raised in interest rate by the EU then it affects the business to borrow money.
This all effects the business because they need to spend less which lead to down in prices.
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 Taxation policy: Tax payed by company is valuable for the communication. It is
valuable because government helps other business when they established . And help in
their other projects.
CONCLUSION
From the above report it can be concluded that stakeholders play important role in the
Glion Institution/. It is a responsibility of the company to fulfilled the needs of different
stakeholder to meet their objectives. Mixed economy is very beneficial for the Glion institute for
the development and growth of company.
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REFERENCES
Books and journals
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Kathuria, V., 2014. Consumer Harm Without Foreclosure: Enforcement Gap in Section 3 of the
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