Lloyd Bank And Its Environment

This presentation provides an analysis of the internal and external factors that impact the business environment of Lloyd Bank. It includes a SWOT analysis of the bank, as well as an examination of the political, economic, social, technological, legal, and environmental factors that affect the bank's operations. The presentation also discusses how the bank impacts the external environment and concludes with a summary of the findings.

Introduction
Business environment is a procedure of collecting peoples, entities
and different internal as well as external elements that control the
performance as well as efficiency of business. This report based on
the Lloyd Bank which is a British retail and commercial bank. It is a
biggest retailer bank in Britain and have extensive branches and
ATMs in England and Wales. In this report consist of internal and
external factors that impact on selected business environment and
different ways affect to business environment.
Lloyd Bank And Its
Environment
External Environment
• . Political: High political steadiness and friendly business environment helps to achieve
market growth trends. In present time Lloyd bank conduct their business activities into
various nations and each have own political problems. Growth in instabilities impact on
the banking industry in direct manner.
• Economical: A perfect economic structure impact on business performance and it is
essential to understand by the Lloyd bank to analysis the life cycle phases. Therefore,
business performance of Lloyd affected by the interest, exchange rates, employment,
labour market condition and many others.
• Social: The department of marketing of Lloyd collect the information from social and
environmental analysis to target customers and enhance appealing of offer items to
potential customers. The bank must follow all the demographic trends to analysis the
attitude of people.
• Technological: A technological environment can help to Lloyd bank to follow all the
technological trends to achieve business benefits like enhance profitability, increasing
innovation procedure and increasing the operational efficiency.
• Legal: The Lloyd bank follow all employees laws as per the different nations and have
strict regulations to assure about the labour safety. Along with they are following
different laws that requires to follow in company otherwise it impact on business in
direct manner these are data protection law. Labour law and intellectual property law.
• Environmental: The global presence of Lloyd bank needs to focus on differences to
ignore unnecessary circumstances carefully. There is identified growing trends of eco
friendly products so it provides opportunities and select green entity practices.
Technological: Lloyd bank carefully focus on all the invention in
technology to stay ahead of the competition. Along with focus on
the development and maturity level of innovation in particular
market. As a result it impact on the business environment because
other companies attract by new technology and invest in.
Legal: The company break the law of health & safety that impact
on the legal factor. The secure environment for the staff members is
ethical and moral responsibility to provide banking group and
become inspiration for other baking entities.
Environmental: Changes weather and climate situation directly
impact on the business efficiency that time they carry out new ways
to attract customers. After that all other companies follow same
way to attract customers. Thus, Lloyd impact on the external
environment activities in effective manner and these changes
impact on the customer spending patterns and revise its products.
Internal Factors
SWOT analysis of Lloyd bank: The SWOT analysis supports a
business entity to recognise the inner strategic elements like strength,
weakness & external strategic elements like opportunities & threat.
Strength
• Reliable suppliers: It is a main strength of bank that have strong
base of suppliers who are timely provided all raw materials in
flexible ranges. Along with they are supporting to overcome any
supply chain bottlenecks.
Weakness:
• The business has not being capable to handle different problems
that occur suddenly in the market. Thus for this bank set up
internal feedback mechanism from sales team to face these
problems.
• The structure of business is not compatible with existing business
model.
Opportunity:
• Reduction in transportation cost is providing opportunity to
enhance their profitability and pass the advantageous to customer
to cover marker share.
Threat:
• Liability laws are different in different countries so some markets
as the competition paying higher profitability to local distributors
References
Chu, K., Lee, D. H. and Kim, J. Y., 2019. The effect of verbal
brand personification on consumer evaluation in advertising:
Internal and external personification. Journal of Business
Research. 99. pp.472-480.
Cao, K. and et.al, 2020. Secure Transmission Designs for NOMA
Systems Against Internal and External Eavesdropping. IEEE
Transactions on Information Forensics and Security. 15. pp.2930-
2943.
How organisation impact on external environment.
• Political: Frequently changes in political policies that impact on the efficiency
of business due to increase environmental uncertainty. It is essential to analysis
the nation's political scenario after the modification in Govt. policies.
• Economic: Changes in business practices of Lloyd bank are impacted by the
predominant economic structure. If bank effectively run their business as
monopoly so it direct impact on other competitors who wants to enter into
banking industry.
• Social: Lloyd banking is following social media in broad manner to attract
customers and influence for online shopping behaviour. It is required to
understand behaviour of different customers and more inclined to shop online
than older clients.
Conclusion
As per the above report it has been concluded that business
environment is collective of all events, situations and influences
that impact on business at overall manner. The SWOT analysis
present the all internal strategies that apply by the business and
PESTLE analysis present that how to organisation handle different
factors effectively.