Business Environment of Bristol : Report

Added on - 14 Jan 2020

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BUSINESS ENVIRONMENT
Table of ContentsIntroduction..........................................................................................................................................3Task 1....................................................................................................................................................31.1 Determining the purposes of different types of organisation.....................................................31.2 Explaining the Stakeholder concept for organisation................................................................41.3 Responsibilities of the Organisation towards stakeholders.......................................................5Task 2....................................................................................................................................................62.1 Describing the economic systems and their impact on the firm................................................62.2 Discussing how taxation, inflation, labour force and business behaviour impact the UKeconomy...........................................................................................................................................62.3 Evaluating competition policy and regulatory mechanisms of UK governments.....................7Task 3....................................................................................................................................................83.1 Stating type of market and comment on their impact on the behaviour of organisations.........83.2 Explaining various type of the market forces............................................................................83.3 Explaining how the business and cultural environments shape the behaviour of a Bristol.......9Task 4..................................................................................................................................................104.1 Describing the importance of global trades to UK organisations............................................104.2 Assessing the importance of the global factors that shape national business activities..........104.3 Assessing the role and impact of EU policies and directives on the business........................11Conclusion..........................................................................................................................................11References.........................................................................................................................................12
INTRODUCTIONBusiness environment can be defined as a combination of all the internal and externalfactors of organisation which create impact to design its business strategies in the market. It affectsthe functioning of staff members, supply and demand, rules and regulations of company etc (Lee,2014). Knowledge of business environment is necessary for firm to increase its growth anddevelopment in the market. Bristol is an auto mobile car manufacturing company which providesluxurious cars to its consumers in the United Kingdom (Useem, 2014). The present file explains thepurpose of various types of organisations. Further, it describes business environment of UnitedKingdom to manage the operations of organization in an effective manner. In addition to this, itrepresents the nature of cited corporation in the market. However, this report also introduces impactof global factors on UK business organisations. At last, it will assess the impact of European Unionpolices on Britain based corporations.TASK 11.1 Determining the purposes of different types of organisationThere are different types of organisations situated in the United Kingdom. Purpose of theseorganizations are represented in below paragraph:Type of organisationsPartnership organisation- This type of company is operated by two or more people. Purposeof this firm is to gain profit from the consumers in the market. Then after, they consider onthe public service in order to make optimistic brand image in the nation. For example,Bristol is also a partnership organisation in the United Kingdom (Welford, 2014).Private organisation-In this ownership, business is managed by one or many people as perthe demand of market. The main aim of this firm is to achieve better profit from customersin the market (Botha, Kourie and Snyman, 2014). Operating private business is very riskydue to many complexities like legal, social and political issues. For example, ASDA is aretail organisation which is considered under private firms.Public organisation-In this type of firm, maximum shares are contained by government inthe market. The main purpose of Public organisation is to provide social service for peopleand earn income by providing equal priorities (Andersson, Forsgren and Holm, 2015). Forexample, British Airways is a public company which gives equal focus on public service andprofit generation in the nation.Voluntary organisation- It is created by a group of people in order to provide completely
social services to citizens in the nation. Many charitable trust and orphanage are come underthis category (Wang and Altinay, 2012). For example, National Society for the Preventionof Cruelty to Children is also a voluntary organisation which is work for the welfare ofchildren.Vision of BristolVision of Bristol is to create extra ordinary automotive engines in order to provide bettercars to the consumers in all over the world (Our vision, 2016).Mission of BristolMission of the organisation is to provide better luxurious services and products to thecustomers in order to increase its market share in the auto mobile market of UK.The main purpose of organisation is to offer better sales services for elite and premium classconsumers by developing effective relationship with them. Further, firm wants to enhance its profitand brand image by completing requirements of its customers.Goals and strategic objectivesTo become first priority for premium and elite class consumers by creating better brandimage in the national and international level.To increase 5 % market share by manufacturing effective cars.To increase 5 % Sales of its products in auto mobile market.To provide better sales and services for elite and premium class consumers.1.2 Explaining the Stakeholder concept for organisationBristol applies many efforts to accomplish its goal and objectives. Further, corporation hasmany stakeholders like consumers, shareholders, suppliers, employees as well as government in theUnited Kingdom.Consumers-Management of Bristol tries to provide better services to their consumers bytaking proper feedback and complaints from them before and after selling cars. Firm usesmany tools like customers relationship management (CRM) to manage its database in orderto provide better services to them (Craig, David Campbell 2012). This software helps tosolve problems and interprets requirement of their consumers by registering issues of themin an appropriate manner.Share holders-Management of Bristol provides better dividends to its shareholders on time.Firm shares its expansion plans and other projects for creating better awareness about
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