Contemporary Business Environment of Virgin Money in the UK

This report analyzes the contemporary business environment of Virgin Money in the UK, including economic factors, business climate, and relevant theories and models. It discusses the economic environment of Virgin Money, the impact of the business climate on the UK, and relevant theories and models to support the argument. The report concludes with a summary of the findings.

Contemporary business

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................1
REFERENCES................................................................................................................................2

INTRODUCTION
Virgin group is a UK based firm that consist of various business from the Virgin Atlantic Airline
to the Virgin media and they show the entire group and the founder is Sir Richard Branson. In
this report, the discussion is used to made that is well related to the Virgin Money which is part
of this group. The Virgin money is usually deal with the financial service and banking and
showing the appropriate headquarter which is generally situated within the England, United
Kingdom. Therefore, they are founded in March 1995 and they also known as the Virgin direct.
In the 2000, the growth of the Virgin money is usually expanded and their management is also
enhancing in all over the world (Brandl, Darendeli, and Mudambi, 2019). The service provider of
the retail banking and the SME which is also offers various of pension, insurance, limit for the
persistent saving and mortgage facilities. In the current time, the Virgin money usually occupies
the sixth position as the largest bank in the UK along with the 6.5 million of customer or the
client, national stores, updated digital platform, relationship manager and some of the contact
centre. As per the time of pandemic, the founder of the selected firm that is Richard Branson is
usually faced various difficulties in order to regulate financial gain and running the smooth
business especially show the aspect with the Virgin money. The report is usually focus on the
information which is investigated towards the market condition within the virgin money business
that operated and their impact on the country with the application of model and theories which
support the report criteria (Cooke, Schuler, and Varma, 2020).
MAIN BODY
Economic environment within Virgin Money firm that operate in the United Kingdom
The concept that is related with the monetary local whether they are currently exceptional
for the UK organisation which is showing the relation in the term of increment that is estimated
through the GDP development that is positive. The line of the evaluation is mainly based on
significance that is enlargement to all good sized that is commercial firm pastime areas. Gross
home product is also estimated in day to day price where the financial practice is showing the
term of economy. The comprehensive of customer spending, enterprise which is generally
subsidize and specialist spending. The improvement in the term of financial is showing the
outcome which is follow the context with the result that is huge mark of how the best run of the
mill economic expectation are used to taken. In the latest year of the UK economy which has
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readily recuperated from the downturn when the GDP fell fundamentally that has seen the world
cash that is well related with the term of 2007 to 2009 (Khera, Valero-Elizondo, and Nasir,
2020). The downturn is particularly used to be the part of harm for the overwhelming majority
that is based on the UK organisation and it is generally caused with the number of decline advent
limit, lessening financial aspect and the dropping position which is showing the method which is
well related with the method of endurance. The outcome usually shows the improvement in the
term of GDP development and some of the context is well evaluated that is sluggish which
shows the verified feasible and there has been a predictable attraction in the reference to patron
and firm undertaking self-faith dismissing cut in the professional spending. The Virgin money of
the UK based on the firm want is to force it is manageability aspiration with the firm mission and
vision that help to gain the open door which is showing the supporting activity that is reasonable
the danger that have shown the effect on the business on the long haul. In the context with the
Virgin Cash UK PLC is usually designed in order to show the three texture that is working in the
prosperity of the financial and showing the consideration, in addition, the second is making the
off restriction that is based on the enterprise project and the local location which is showing the
term of achievement and safeguard and maintain the sustainability of the climate (Lee and et. al.,
2019).
There are some of the areas which is determine in the Virgin Cash which is showing the
biggest effect, the utilization of the superb enterprise which help to provide the activity
possession that have true and enduring the effect. In this, they have used to make the planning
that is showing the practical improvement objective so that it can discover how the enterprise
make the challenge in order to support the objective and showing the ride which help to maintain
the extra substantial for the future implication (Martínez‐Ferrero, and García‐Meca, 2020). As
per the current covdid-19 situation, there are various of challenge that is faced by the company
and used to provide the chance that is stay from the extend in the presence of virus that is corona
where the case is rises with the new variant and it affect the expulsion of the government that
help to plot the later in the year which reinforce setting that offer the scope for the bigger
idealism about the current speed of recuperation, Virgin Cash said. In this, the UK 6 largest bank
usually show the expressed that show the supporter credit moved to the 72.5 billion kilos in the
three month in addition to the June 30, up 0.4 percent for the first years. In order to overcome the
situation that may launched their own app for the support of business enterprise. The Virgin Cash
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usually show the generate hypothesis in the current working with the UK growth with the context
to the low carbon economy. In addition, they are well dedicated that they help to manage the
drives and make the plan which is usually settled on the COP26 which help the world in order to
arrive at the net zero. In this, they used to follow the factor which is well according to the half in
the accordance with the Net Zero Financial Union responsibility, it helps to make the propel
which may show the aspect that is new Zero technique that is comprehensive for the insertion of
2030 points and they also focus on the decarbonisation guides (Litam, 2020).
Business climate and effect on nation with the accentuation on the United Kingdom
In the organisation, the discussion is used to started with the business then every individual
is used to taken under the interview process. It is showing the aspect which help to provide the
mean which is related with the business such as weather, air pollution, water pollution and noise
pollution, unemployment is also a factor, low level of the education and many more. In this, the
worldwide business climate program that is persistently unfamiliar, taking into the relation with
the federation and improvement office thriving assist program that definitely work with the
context with the stress in order to make the improvement which is showing the pastime climate
that is related with the accomplice with the centre pay nation with the aim to provide the support
that is task resistance and work as catalyst which share the flourish (Moshood and et. al., 2021).
In this, world bank gathering that is WBG that is putted and provide the impact of the term of
program. The complete subsidising factor which is about 30 million pound that is greater than
the 4-year time span, of which 28.5 million pound in the overseen via the WBG with the data and
information of the solitary giver which help to provide the confidence reserve. The current
application which is usually work with the two essential part that is related with the worldwide
impact window and showing the country commitment window. In addition, the software
likewise shows the focus on the orientation and the consideration which is putting the cross
cutting challenge in their own exercise which is vital to make the proper support and extra
outstanding comprehensive development and the shared prosperous (Radović-Marković,
Salamzadeh, and Vujičić, 2019).
According to the world wide impact window, the 30 percent of the whole price is usually
varying for the term of conveyance that create various functional relevant that is diagnostic and
provide the gadget which is all through the establishment of the point of support, proper
investigation and also focus on the plan which is related with the versatility. In addition, the core
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focus of the world dedication work though the Worldwide Impact Window which is well utilise
the World Bank worldwide attained and logical work to make the assistance the graph and
execution of the proper adjustment in the nation which is based on the central:
Fill drift hole in the commercial firm challenge climate fact and examination, advance
thought which make the authority by using forming desolate tract mission climate subject that
help to build the insight premises for the lot of enterprise activity that is based on the local
weather trade regions, in addition, they reinforce the chart and made the execution of the
business environment factor in the term of change in the MIC and show the motivation which is
well shared with the expansive cross segment of enhancement in the international location.
In this, the worldwide power has been affected UK companies that is well incorporated but
after a time while such factor is no longer available limited to the enhancement of the size of the
ordinary exchange, that expand degree of multiculturalism in the UK association, developing
stage of the between reliance of the public economics and the others. The giant is usually
affected the predicted impact across the central nation that show the envelop someplace which is
vary from the 9 to 25 as the crucial adjustment which is will empower more comprehensive blast.
These complication design that aids with the facilitation countries that may unfamiliar financing
and spike which increment and show the extra prominent earning which is will focus on the
thusly formulate non-compulsory advantage for the UK and worldwide organisation which is
showing the greater undertaking and product treasured open door. In addition, the moderate
value and their determinant which is showing the set out in the enterprise mission case that
advantage to the UK without everyday else that is possibly need to go from the 50 to 170-pound
north for the 10 years (Toanoglou, Chemli, and Valeri, 2021).
Relevant theories and model to make proper analyse the case study and support argument
Theory in context to the Virgin Money:
On the basis of above explanation and method, the following report help to describe the relevant
theory, hypothesis of the harm and model in order to support the Virgin Money business:
Hypothesis of harm 1:
 Purchaser commitment with the PCE market which is usually powerless as the CMA
notes.
 Accordingly exchanging ranges which is usually make the slow process which is focus on
the presentation of the CASS.
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 The occupant bank that is huge piece of the pie which have well focus on the level-
headed that is aggregated interest in the business as focus on the usual (Wang, 2020).
 Construction of the PCA market and used to focus on the free if in credit banking.
Hypothesis of harm 2:
 The occupant banks, given their huge piece of the pie which is accumulated in the aspect
to make the business and organisation usual.
 The occupant bank shows the higher outcome for their client to come for challenger bank
as well new candidate than form the wide occupant banks (Wang, 2020).
CONCLUSION
As per the above discussion, it is well analysed that the concluded the contemporary
business environment of the UK with the reference to the Virgin Group Business. The Virgin
Group is defined as the UK based firm or organisation which comprise of various association
such as Virgin Atlantic Airline to media and they have extracting the pioneer is Sir Richard
Branson. The enterprise is established in the 1995. The above report discussed the company that
how they overcome from the condition for their future tool, technique and strategies.
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REFERENCES
Books and Journals
Brandl, K., Darendeli, I. and Mudambi, R., 2019. Foreign actors and intellectual property
protection regulations in developing countries. Journal of International Business
Studies, 50(5), pp.826-846.
Cooke, F.L., Schuler, R. and Varma, A., 2020. Human resource management research and
practice in Asia: Past, present and future. Human Resource Management Review, 30(4),
p.100778.
Khera, R., Valero-Elizondo, J. and Nasir, K., 2020. Financial toxicity in atherosclerotic
cardiovascular disease in the United States: current state and future directions. Journal of
the American Heart Association, 9(19), p.e017793.
Lee, R.T., Perez, A.D., Boykin, C.M. and Mendoza-Denton, R., 2019. On the prevalence of racial
discrimination in the United States. PloS one, 14(1), p.e0210698.
Litam, S.D.A., 2020. " Take Your Kung-Flu Back to Wuhan": Counseling Asians, Asian
Americans, and Pacific Islanders with Race-Based Trauma Related to COVID-
19. Professional Counselor, 10(2), pp.144-156.
Martínez‐Ferrero, J. and García‐Meca, E., 2020. Internal corporate governance strength as a
mechanism for achieving sustainable development goals. Sustainable
Development, 28(5), pp.1189-1198.
Moshood, T.D., Nawanir, G., Mahmud, F., Mohamad, F., Ahmad, M.H. and Abdul Ghani, A.,
2021. Expanding policy for biodegradable plastic products and market dynamics of bio-
based plastics: challenges and opportunities. Sustainability, 13(11), p.6170.
Radović-Marković, M., Salamzadeh, A. and Vujičić, S., 2019. Selection of organization models
and creation of competences of the employed people for the sake of competitiveness
growth in global business environment. International Review, (1-2), pp.64-71.
Toanoglou, M., Chemli, S. and Valeri, M., 2021. The organizational impact of COVID-19 crisis
on travel perceived risk across four continents. Journal of Organizational Change
Management.
Wang, N.C., 2020. Diversity, inclusion, and equity: evolution of race and ethnicity considerations
for the cardiology workforce in the United States of America from 1969 to 2019. Journal
of the American Heart Association, 9(7), p.e015959.
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