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Pestle Analysis of Aviva Plc

   

Added on  2020-12-09

14 Pages3827 Words299 Views
Business Environment

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Describe the structure of the company, its management and how it is governed........................1(A) Overview of the company including its history and structure and how it is managed atnational level..........................................................................................................................1(B) Brief discussion of how the company is governed...........................................................32. Analysis effect of external environment factors on the selected business...................................5Importance of conduct PESTLE analysis in the organisation................................................53. Briefly discuss the PESTLE factors.............................................................................................5CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10

INTRODUCTIONBusiness environment consist several elements and perspective which influence to takedecisions in the enterprise. It can be forces with economic, social, political and technologicalaspects which create impact on the organisation (Biener, Eling and Wirfs, 2016). In this context, present report based on the Aviva Plc which deals in insurance sector. It isBritish multinational company and headquarter exists in UK. It has around 33 millions customersin different areas of 16 nations. In UK, it is the largest general insurer and leading life andpension provider. For gaining insight information of the present report, it covers structure of the chosenorganisation to promote operations in different areas. Furthermore, it includes effects of externalenvironmental factors on the selected business. MAIN BODY1. Describe the structure of the company, its management and how it isgoverned(A) Overview of the company including its history and structure and how it is managed atnational levelAviva Plc is UK based insurance group whose association considered from 1834. Theygovern risk through group wide policies and business standards. The chosen company ispremium listing on the London Stock Exchange so that they required to disclose compliance withUK corporate governance code. Their Board believes that they have fully compliant with thecode throughout 2017. Details of compliance with the code also preceding in a particular year inCorporate Governance Section. They also possess clear roles, responsibilities which delegated indifferent authorities. With the help of establishing and operating control, management assessrisks. Board also delegated day to day risks management in a particular group. Line managementof the enterprise also accountable for risk management which assists to identify risk functionwith internal audit (Hair Jr, Wolfinbarger and Page, 2015). Furthermore, internal control of thechosen business facilitate effective and efficient business operations, development robust withreliable internal reporting and compliance along with rules and regulations. 1

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