Examining the Economic and Global Business Environment for Virgin Money in UK

Business Environment

TABLE OF CONTENT
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Examining the economic environment in which business operates in UK..................................3
Examining the global business environment ..............................................................................5
The impact of global business environment on countries and on UK.........................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Business environment is mainly defined as the examining the forces and factors which
induces and impacts the working of the company while operation into the dynamic market.
Examining the business environment plays key important roles as it helps in analysing the
business strategies followed by the competitors for achieving success while operating in the
dynamic environment. Virgin money is the banking industry which is mainly operation and
serving with providing various financial services while operating in the UK economy. This
report provide details about examining the economic environment of the business which operates
in UK. Further, examining the global business environment and its impacts on the countries with
emphasizing on UK economy.
MAIN BODY
Examining the economic environment in which business operates in UK
Operating and Working in UK, it is mainly recognized as the highest and easiest place to
operate and function the business. As it is functioning with operating with the robust
infrastructure of the market with setting high standards for operating with highly governing
standards in the country. With using the Pestle model helps in examining the environment of the
UK country including all the economic and the other factors impacting the businesses operating
in UK (Radović-Marković, Salamzadeh, A. and Vujičić, S., 2019). As virgin money is mainly
operating in UK for serving financial and banking services, with establishing the innovative
digital platform. The min prioritises of the company is to achieve growth and perform function
for delighting consumers for achieving long term sustainable growth.
Political factors: the political factor for operating the business in UK are it is concerning
with stabilized government policies and rules with low corruption,. The country is mainly
operating with establishing strong administrative systems. This results in attaining and
establishing strong partnership and collaborating between countries. Also, adopting the
withdrawal of the EU benefit the businesses for achieving economic prosperity.