The Structure of Business

Running Head: THE STRUCTURE OF BUSINESS
The Structure of Business
Name of the Student
Name of the University
Author’s Note

1THE STRUCTURE OF BUSINESS
Table of Contents
1.1. Create a detailed PESTLE analysis based on the case study provided, and discuss what you
need to consider in making your decision to start an online business a reality. Identify factors that
may impact on your success in this new venture.............................................................................3
2.1. Construct a table identifying the relative strengths and weaknesses of the various legal
frameworks you may need to consider in making your decision. Consider for example, the new
GDPR framework, Consumer Right framework or any other legal framework of your choice. In
addition, provide consideration for how you might seek the funding for your new online business
start-up.............................................................................................................................................6
3.1. Your online business ideas have identified three sectors within the UK within which you can
operate. What are they? What are the differences between the three sectors? Comment on their
value to the UK economy. In addition, identify at least two HR policies and comment on their
importance to the modern workplace (for example Health & Safety policies and equality and
Diversity policies). Finally, write a brief reflective statement comprising no more than 250 words
which should form part of the appendices.....................................................................................11
References......................................................................................................................................15
Appendices....................................................................................................................................18

2THE STRUCTURE OF BUSINESS
1.1. Create a detailed PESTLE analysis based on the case study provided, and discuss what
you need to consider in making your decision to start an online business a reality. Identify
factors that may impact on your success in this new venture.
POLITICAL
- The present tax structure as
formulated by the government of the
country. This tax-structure gets
revised with a certain point of time.
Hence, there is a scope for much of
the cost to be incurred in adapting
with that of the tax structure.
- The government structure of the
economy. The extent of corruption
that prevails within the region (Ho et
al., 2014).
ECONOMICAL
- The current financial position of the
economy and that of the citizens of the
country. Moreover, the recession
period of the country is to be
evaluated to understand the coming
phase of the situation.
- The preference of the consumer
market. The interest of the consumer
towards the product offerings and that

3THE STRUCTURE OF BUSINESS
SOCIAL of the new business strategy is one of
the key factors towards the social
aspects.
TECHNOLOGICAL
- The use of the innovative modern
technologies for the achievement of
the desired goals, and for making the
product penetrate within the consumer
market.
LEGAL
- The legal manner in which the trade is
required to be carried out. On the
other hand, the extent to which the e-
commerce activity is to be carried is
outlined by the legal governing body
of the e-commerce trade network (Ho
et al., 2014). On the other hand, the
use of guideline is strictly to be
followed.
ENVIRONMENTAL
- The external and that of the internal
aspects of the micro and that of the
macro environmental factors is to be
evaluated.
- The firm should have a concern