INTRODUCTION Business environment refers to all internal and external factors. Thesefactorsinfluencebusiness environment. It very important to take these factorsinto consideration.Sothatcompanycan functions in smooth manner.
Task 2 The positive and negative impacts the macro environment has upon business operations
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Continued Political factors:These factors are implemented by government of country. These factors includes taxes, fiscal policies which can affect business operations. Economic factors:Economy factors are affected by exchange rates, interest rates and GDP of country. Socio cultural factors:Socio culture is a factors which is influence by people those who share same values, belief and norms. Company need to satisfy needs and wants of these customers by meeting their expectations.
Continued Technology factor:BA use high technology in their operation to make its customer satisfied. There are self services for customer checking. Legal factors:The company is following all legal rules and regulation applied by legal authorities. The process of airlines business are being controlled. Environmental factors:There are many factors faced by company regarding to environmental such as air, noise, land taken and waste management.
Internal and external analysis of organisations Strength: Company is having more than 90 years of experience. Company is highest revenue airlines and also associated with IAGC. Weakness: Having high dependence on UK market
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Continued Opportunity: Enterprise is having opportunity to expand its market to other countries Threat: Regular changing of government regulations
Strengths and weaknesses interrelate with external macro factors SWOT is done for internal environment whether PESTLE is done for external environment. SWOT influences by PESTLE.
CONCLUSION British airlines regularly analysis its external andinternalmarketbecausethesefactors have great impact on business.
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References Blanchard, T.C., Tolbert, C. and Mencken, C., 2012. The health and wealth of US counties: how the small business environment impacts alternative measures of development. Cambridge Journal of Regions, Economy and Society. 5(1). pp.149-162. Boons, F. and Lüdeke-Freund, F., 2013. Business models for sustainable innovation: state-of-the-art and steps towards a research agenda. Journal of Cleaner Production. 45. pp.9-19. Bryman, A. and Bell, E., 2015. Business research methods. Oxford University Press, USA. Economics. 151. pp.131-145.