The Business Environment

This report analyzes the business environment, including the impact of environmental forces, stakeholder requirements, and the effectiveness of organizational responses. It discusses the nature of the organization's environment, the importance of environmental forces at the macro and micro levels, and the requirements of various stakeholders. The report also measures the effectiveness of the organization's responses to policy actions taken by key stakeholders.

The business
environment

Table of Contents
INTRODUCTION...........................................................................................................................3
Demonstration and understanding of the organisation environment nature where it operates3
Analysis of the impact of the environmental force in macro and micro level.......................4
Analysis of importances of the environmental forces in context to the organisation market
sector or industry level. .........................................................................................................6
Demonstration of the requirements of the variety of stakeholders to a chosen organisation.7
Measurement of the effectiveness of the responses of organisation to policy actions taken by
the key stakeholders. .............................................................................................................8
CONCLUSION...............................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Business environment is the essential collection of the business important factor's,
through which company done their activities and for which they produce their products and
services and where they perform their task to achieve goals of the organisation. That is the
combination of internal and external force's which effects the organisation planing and
performance, because these are the essentials elements of the business. Regent's University is
the leading educational organisation of the world and located in the London. This report is
involving the analysis of organisation environment nature where it operate and analysis of the
macro and micro environment factor's along with its importance in context to the organisation is
going to be consider (LINNIK and et. al., 2021). Demonstration of the various stakeholders
requirement in context to selected organisation, along with the measurement of organisation
responses effectiveness to the policy action of stakeholders is going to be consider in this report.
Demonstration and understanding of the organisation environment nature where it operates
In context to the educational business organisation nature of the environment is full of
the legal, social and ethical elements along with financial management (Kuzieva, 2017). These
type of organisation provide educational and personal, professional development service's to
their students. So organisation environment is comprising of the legal factor's to manage
standard eduction, safety. Then social, ethical elements which influence the organisation to
educate their student with best ethical development along with value of their culture.
Regent's University is the world's best educational organisation, provide world-class
education knowledge by following all the legal, social and ethical elements. At the best financial
distribution, management to provide all important facility to their students. Organisation at due
to the home study uses the transformational leadership and for the organisation level it use
supportive and participative leadership. This is clear that this organisation is the best for eduction
and its value retain their students along with the employees. Salary package offer to the
employees is best through which employees get satisfy. For recruitment of the employees
university use four steps, first is planing for recruitment, attracting the candidates, selecting
candidate and offering employment (Zeuli and O'Shea, 2017).
Regent's University environment is full of the educational activities and environment
protection projects. Such as at present they are guiding their students for environment protection

by encouragement. They motivate them to use sustainable transport and university reduces their
bad impact to environment by recycling, procurement along with the effective management of
energy, waste and water.
Analysis of the impact of the environmental force in macro and micro level
There are the various internal and external factor's which impact the organisation at
macro and micro level and in order to analyse these factor's and its impact there are some
important tool and frameworks. Such as the PESTEL and SWOT analysis explain blow in
context to the selected organisation.
PESTEL analysis- This is the most essentials tool use to analyse the macro (external)
environmental factor's in order to manage the organisation process and plan according to it,
because this is involving the elements which can not be change by the organisation so they have
to run according to this in order to sustain in the market with positive image and best
organisation management plan. Its letter stands for political, economical, social, technological,
environment and legal force's or elements of the environment (Chan and et. al., 2020). Regent's
University is managing their activities and plan according to these changing factors and that's
why it is at the best position as the educational industry.
Political- This factor is basically involving the stages to which political or government
policy's can impact the organisation functions and plans. Those policy's is can be related to the
legislation for organisation standers activities, taxation and all. In context to the Regent's
University political factors are changing employment legislation, education legislation and other
political agenda for eduction sector. It possess both positive and negative impact on the
organisation, selected organisation have effectively managed all these political factor's
effectively and in that way reached in this valuable position.
Economical- This basically involve the economical influenced elements and
performance of the target market economy which posses the direct impact on organisation
strategies and planning. Such as the economical condition of the nation develop the interest rate,
unemployment rate, education rate, employment rate and other important resources cost. In
prospect to the Regent's University high cost of running the organisation at higher level and
unavailability of financial support from government impact negatively. But with the good
educational rate organisation can make the profit.

Social- This factor is involving the consideration of social elements impact on the
organisation such as analysis of the developing educational tends, students and their parents
needs, changing location of the student, cultural trends and changing lifestyle. At present
situation student and their parents want the safe environment for education along with the
implantation of the new educational trends. For Regent's University its impact is positive as the
opportunity to become the best education university with good education and safety facility's.
Technological- This factor is involving the changing technology's and its impact on
organisation and market. Organisation have to be updated about the new technology related to
their sector, so that they can meet the competitive edges by implementing the best technological
assets to organisation before then competitor. Such as the developing digital technology help the
organisation to provide online education with best assets. Although some education website
effectiveness attract the students from university online classes and summer classes towards that
this possess negative impact on university in terms of organisation strategy to provide education
during summer with objective of extra profit.
Environment- This is the most important part of the external force's which involve the
environment protection activities along with management of organisation. Such as industry have
to done their task and activities by assuring that they should protect the environment from bad
effects of waste and resource's exploitation. CSR (Corporate Sustainability Responsibility) so
this is the major element of this factor which involve the climate, waste disposal, recycling and
so on. Regent's University managing this factor as positive impact, by supporting the
environment safety through waste recycling.
Legal- There is some rules and regulations for organisation which has to be followed by
the organisation in order to sustain with the legal permission. So organisation have to aware
about the changing legislation impact the organisation. Such as consumers law, trade law, health
and safety law. This factor have positive impact on Regent's University as it give opportunity to
manage the conflict free employees and stakeholder satisfaction.
SWOT analysis- This is the most effective tool for analysis of the organisation internal
external factors in terms of strength, opportunities, weakness and threat. With help of this
framework organisation analyse all these factors in context to the competition and planing.

Strength- Regent's University in strength in prospect to the student satisfaction is good
as they are providing the best educational courses, programmes with in organisation. Such as
communication and media studies, Psychology generals and so on (Gupta and Agarwal, 2019).
Some of the students live in the college housing which is the strength of organisation in context
to provide best knowledge and earn more profit. Fees strategy is good as it helps to provide the
bast admission support to student both guidance in cost reduction and scholarship, through
which more student retain in the organisation for long time study's.
Weakness- In appropriate security measures for IT equipment management, High cost
of managing the higher campus. Insufficient laboratories. Insufficient support of the government
in financial terms. Lake of the trending facility's at campus.
Opportunities- For university developing needs of the education in different sector and
filed is the opportunity to grow their eduction courses and get more student and then finally
become the best educational organisation in compression to other. Another opportunity is come
from the developing technology's this aid the organisation make their education facility's best
from others.
Threat- Chances of losing staff due to the better facility's and opportunities from other
university. development of the new colleges with better courses, other competitors with better
educational assets such as technology, courses and all (Wu, Feng and Fung, 2017).
Analysis of importances of the environmental forces in context to the organisation market sector
or industry level.
Significance of the environment forces in context to the organisation market sector and industry
level is that it effects the performance, stakeholders, aid to meet the competitive edges and help
to develop the value.
Performance improvement- By analysis the changing environment factors organisation
can make the positive changes on their plan, in order to accomplish their task with smooth flow
and without any problem and in this way it will help in the performance improvement and so
that's why it is important (Panda and Rath, 2018).
Stakeholder satisfaction- By the analysis of student and other stakeholder demand
university can satisfy them and get them for log period of time.

Meet competitive edges- University can become on of the best education organisation
by planing according to the changing environment force which aid to meet the competitive edges
by been first to satisfy and change the facility's according to demand.
Develop organisation value- By following the legal and environment force of the
organisation. University can become the valuable at market.
Demonstration of the requirements of the variety of stakeholders to a chosen organisation
In order understand the organisation requirement of stakeholder there is the need of
effective tool for its analysis and one the best farmworker for stockholder analysis is stakeholder
matrix given below in context to the Regent's University (Allmendinger and et. al., 2017).
Stakeholder matrix- This is the tool which aid to analyse the organisation important
stockholders and how important they should be in the developing plan of organisation. This help
to assess and manage the stakeholder importance in plan according to their level of interest and
effect.
This matrix is basically involve to major factor's in matrix as measurement standards and
mapping. Such it include the power of stakeholder effects on organisation and level of interest
on organisation. So in context to the educational organisation most impotent stakeholders are
students, parents, education administration, teachers, community member's and local business
leaders. So this matrix further divide into four parts according to power and level of interest
explain below.
High power, high interest- People with this factor should be fully involved in planing
and they should be keep satisfy at every stage. Such in context to Regent's University in this
group of the stakeholder student and administration is consider.

High power less interest- person with who posses the high power to effect the
organisation but lass interest. Should be keep satisfy but not bother in the plan. Governance
educational administration come under this and that have to be satisfied.
Low power high interest- This category of the people should be informed so that they
can help in the time of requirement. In context to the Regent's University Teachers and parents
comes under this group and they should be keep informed.
lower power and low interest- This category of the people should be monitored,
context to education organisation this involve local business leaders (Mandal and Sarkar, 2017).
Measurement of the effectiveness of the responses of organisation to policy actions taken by the
key stakeholders.
Organisation have to manage their stockholders with effective management and
leadership style along with the implementation of legislation in organisation work culture. As
they have to give right response to stockholder interest and power and manage then with their
policy action. Such as in context to the university parents concern, student requirement and
teachers salary needs along with the motivation have to be satisfied and its effectiveness have to
be measure in order to identify the mistakes and strength of the management strategy so there are
some factor's discuss below will help in the measurement of response effectiveness .
Profitability- Organisation profit level will help to measure the effectiveness of
organisation stockholder management techniques.
Growth- Development of the organisation by meeting the all the requirement and
satisfaction of the stakeholder is important factor which show the effectiveness of organisation
strategy's.
Retain stakeholders- If response of the organisation is effective and positive them it can
be measure by the analysis of employees and student numbers.
Conflict free organisation- Organisation with the motivated and satisfies employees and
student is the factor which show the positive effect of organisation response. And this can be
effectively analyse with the help of feedback collection (Shakeel and et. al., 2020).

CONCLUSION
From the above study it has been concluded that for every type of organisation
consideration and management of the macro, micro level factors is necessary, as these are
important elements of the business, such as employees, customers, economy, legislation,
resource's, environment and market. Organisation can analyse and manage their business
impacting internal and external environment factors by PESTEL and SOWT analysis. It is
significant to work and plan according to the changing environmental factors in order to achieve
success. Then another important part of the organisation is stakeholders, these are the person
how posses interest on business, affect that or effected by that. So they have to be manage very
well with the aid of stakeholders matrix and effective response to the stakeholders policy action.

REFERENCES
Books and journals
LINNIK and et. al., 2021. Modern Aspects of Adapting Sustainable Strategic Business Planning.
Studies Case from Oil Industry and the Tourism Industry. Journal of Environmental
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Kuzieva, N.R., 2017. Stimulating the development of small business and private
entrepreneurship through a tax mechanism in the Republic of Uzbekistan. International
Journal of Research in Social Sciences, 7(11), pp.345-354.
Zeuli, K. and O'Shea, K., 2017. Small business growth. Economic Development Journal, 16(1),
pp.15-21.
Chan and et. al., 2020. The impact of managerial characteristics on business strategies under the
environmental change: an investigation of the Israeli diamond industry. Journal of
Small Business & Entrepreneurship, 32(2), pp.123-148.
Gupta, B. and Agarwal, R., 2019. Building dynamic capability with business model innovation:
A new imperative for uae markets. Asian Journal of Multidimensional Research
(AJMR), 8(4), pp.185-192.
Wu, Y., Feng, G. and Fung, R.Y., 2017. Comparison of information security decisions under
different security and business environments. Journal of the operational research
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Panda, S. and Rath, S.K., 2018. Strategic IT-business alignment and organizational agility: from
a developing country perspective. Journal of Asia Business Studies.
Allmendinger and et. al., 2017. Surrogate‐assisted multicriteria optimization: Complexities,
prospective solutions, and business case. Journal of Multi‐Criteria Decision
Analysis, 24(1-2), pp.5-24.
Mandal, A.K. and Sarkar, A., 2017. Modelling of business processes for software as a
service. International Journal of Business Process Integration and Management, 8(2),
pp.81-101.
Shakeel and et. al., 2020. Anatomy of sustainable business model innovation. Journal of
Cleaner Production, 261, p.121201.