BM461 Global Business Environment: External Environment Research CW1

This report provides an analysis of the global business environment, focusing on the UK's consumer confidence index and its impact on various sectors like automotive, banking, and food products. It identifies promising sectors such as retailing, medical services, and healthcare. The report offers investment suggestions considering supply and demand factors and life cycle models. It also includes an email discussing legal structures for businesses, market structures (perfect and monopolistic competition), Porter's Five Forces, and HMRC duties, concluding with a comprehensive overview of factors influencing the global business landscape. Desklib offers similar solved assignments and resources for students.

GLOBAL BUSINESS ENVIRONMENT
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Subject Name BM461-Global Business environment
Project Name CW1- External environment research
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
CONSUMER CONFIDENCE INDEX...........................................................................................3
EMAIL WRITING..........................................................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................1

INTRODUCTION
The global business environment is brought forth with respect to the strategies that are inculcated
by the organisations in order to deal with the extravagant situations. The report will focus on the
outcomes of the journals that are into business index.
CONSUMER CONFIDENCE INDEX
The UK consumer confidence data will bring in the prosperous results that are oriented with
business. There are certain Expectations that are into market and are also being dealt by the
unexpected kind of growth prospects that are oriented with organisations. The UK consumer
confidence data will bring an interpretation towards how far to consumers are being a favourable
for different sectors and their purchases are being one of the valuable means for organisations to
attain profit. There is variable factor that are operating in UK with profitable means and also
deriving employment (Chasdi, 2017). The consumer confidence index in this regard is said to be
highly with respect to United Kingdom and the future economy is also promising. The financial
situation that is oriented with every Organisation in UK is turned out to be one of the best out of
lot more initiation that can be Incorporated.
The different sectors that are operating in UK include that will struggle over next 12 months:
Automotive industry: the automotive industry in UK is bringing about a variable approach
towards dealing with the spectacular aspects in designing the vehicles. It is also one of those
Industry that is more prosperous and within the stipulated time period it can also attend a
probable growth prospect. Examples of the automotive company is Aston Martin.
Banking industry: nevertheless, of any other agency the banking industry is also regarded to be
one of the prominent kind where there are certainly wages that are brought forth with respect to
the ideologies of Banking. This can also be one of the entities where an initiation can be made
with respect to entrepreneurs or any other business idea that can be brought forth. The banking
sector can see a valuable growth prospect within a few years from here after where its demand
will be at the perk of being the best. Example of this company Barclays.
Food products: there is a great demand for food products and the services that are associated
with food products in United Kingdom (Radović-Marković and et.al, 2019). Since it is already
developed and it is also in the pace of development the country is in charge of bringing about
new entrepreneurs that are oriented with food product which is also one of the demandable
sectors that is operating in UK. Example of the company JBS.

The companies that will prosper in next 12 months
Retailing sector: the retailing factor is said to be one of the prominent kind where there are set of
companies that are operating like that of Tesco, Morrisons and many other large scale companies
that are attaining prosperous results. Right from now the consumers are said to be in the pace of
gratifying their needs and therefore the retailing sector has got a good scope in dealing with the
prominence.
Medical Services: The Medical Services are also At The Perks of Being the best and therefore
these services are brought forth on an online basis by including technological implementations.
The technological implementations that are apart of Medical Services are gratifying the needs of
people at an instance that is bringing about a scope of being the best for their future (Veselovsky
and et.al, 2017). Example of organisation is Damar Healthcare.
Health care and related services: The Healthcare industry in United Kingdom is totally
developed and it is also in the hands of consumers that are utilising the services. Right from here
till the onset of future implementations the Healthcare and related services will see a graph that is
rising to an obvious level where the consumer demand can be more. Example of company is
UKS medical diagnostics (Akhtar and Sushil, 2018).
Suggestions for an amateur investor to invest
Supply and demand factors: the supply and demand factors in United Kingdom usually deal with
the price fluctuations which is one of the important criteria in order to deal with the products.
There is an income and credit that is analysed and is also associated with the credibility and
availability of alternative that are in to competition (Singh and et.al, 2019). The effect of supply
and demand is brought forth with respect to certain strategic orientation that are mostly the
demanding Trends that would often rise and fall in the societal implications. The commercial
advertising can also be one of the important trend that can be maintained over in order to deal
with the effect of supply and demand.
Life cycle model: the life cycle model will deal with the 3 stages of the basic types which include
cyclic model linear model and process model. In the first phase which is the initial one there is a
research program that is initiated and in the second phase the distribution criteria is being
brought forth. The final stage of processing model will initiate the entire process that has been
decided and is also brought forth. Businesses upon inculcating this particular cycles and the life
cycle model will eventually get their stuff done within the stipulated time frame.

EMAIL WRITING
Purpose of e-mail: The main aim or purpose of writing this e mail is to know about well being
and let you know as everything is good.
Dear xxxx it has been a pretty long time in order to write to you and therefore I hope that
everything is going on a good term. I am doing well and feel glad about writing to you after a
long time.
Legal structures: before opting for any business strategy it is first essential to deal with the legal
structures and therefore I am putting forth the to legal structures that are generally important in
order to move ahead with your ideology (Heri Yanto and et.al, 2018).
Sole proprietorship: this legal structure mostly suits to your ideology where this is one of
the business ideology when the entire idea is being run by a single individual. This can also be
one of the beneficial factors where the entire ownership will be under your control and there will
not be any chance for people to take part.
General partnership: the general partnership is something when you are going to opt for
a person into your business identity such that their ideologies can also help you stay with it. This
will be one of the beneficial components where in case if you are not able to deal with the ability
of dealing with the business then the person can be able to guide it accordingly. The
disadvantage that is oriented in this regard if there will not be any privacy that can be put forth
and documentations cannot be made confidential.
Corporation or company: A corporation is other legal structure as it is an association of
individuals that are known as stockholders. As like partnership, in this type, it cannot be
dissolved if someone dies. Companies are separate in law from individual owners of business. It
is a separate legal entity and is different than others as it owns property and incurs debts.
The best one that I can suggest for you in this regard is to go with the sole proprietorship
where you will be in charge of every identity but most probably the benefit will have to be dealt
on a proper basis. All the challenges of dealing with the company of an operating on a sole basis
will also have to be learnt and this can be one of the simplest business entity which will not be
more tremendous and no more challenges can be included (Sharma and et.al, 2020).
Market structure: while dealing with the business orientation it is also necessary to keep
a check over the market structures and therefore I will insist you to deal with a complete research

that is associated with market structure. I bring in the prospects of to market structures in order to
make sure that you understand completely about all the factors that are oriented with it.
Reason of identifying and selecting market structure: Market structure plays a vital
role as it affects market outcomes on opportunities and decision of economic actors. It can help
companies in predicting market outcomes via the extent of market competition. On the basis of
market structure, companies find easier in performing their function and operating business in an
effective manner.
Perfect competition market structure: in this particular market structure there is a face of
development that is oriented which is competitive. There is a heavy competition in the marketing
race and therefore certain demandable entities will have to be evaluated at all levels. The
different strategies that are oriented in developing the organisational entity or the business to
make it come into existence will first have to deal with the cost effective measures that is highly
competitive. The competitive market structure will deal with the cost measures that will probably
be inculcated into the market pricing strategies which are most likely to be known.
Monopolistic competition market structure: this particular market structure is like one of
the lowest possible cost production structure where it leaves a definition of not having to deal
with extravagant situations. There is only a little difference between the Monopoly competition
market and the perfect competition marketing structure. The lowest possible cost production can
be able to deal with the extravagant measures that can probably Orient with marketing and
advertisement criteria. The companies or the ideology of a business will have to be oriented with
the techniques of marketing and that is what is brought about by monopolistic competition
market.
Considerations and conclusion
There is a heavy competition in the market structure and there are also different
frameworks that are oriented in order to get a clear understanding about the external factors that
are in charge of the organisational entity. In this regard I would like to portray the porter's five
forces model such that a clear understanding can be fortified.
Porters’ five forces: The porter's five forces model will bring in an enhancement towards
the fact that the organisation of the business entity will have to deal with the set of five forces
that an industry usually incorporates. This brings in a method of analysing different motives that
are into competition industry. The parts of new entrants and the power of suppliers along with

wires and the substitute of products are all brought forth which will help to analyse how the
marketing face is moving ahead in terms of development. The porter's five forces model is also
one of the useful business tools where the strategies that are incorporated will bring in an
observation that is necessary for-profit margins to be analysed. The structure of any business or
an industry is oriented with the porter's five forces model and the highly competitive benefits that
are brought forth by it.
HMRC important duties: these are the probable means where it will bring in the availability
of vat and other taxation policies that are usually incorporated over any business. This is also one
of the important under payment customs duty that will have to be discussed while dealing with
any business entity. The award is one of the important criteria where it brings about an
information regarding the accounting prospects of the business that can also be selective. The
goods and taxes that are to be imported over the services that you are going to take will first have
to have a complete declaration and that can eventually be dealt by hm revenue and customs
CONCLUSION
The report explains about the factors that are into dealing with the global business index. The
report will help to analyse the prominence of the businesses that are oriented with it.

REFERENCES
Books and journals
Akhtar and Sushil, 2018. Strategic performance management system in uncertain business
environment: An empirical study of the Indian oil industry. Business Process Management
Journal.
Chasdi, 2017. Corporate security crossroads: Responding to terrorism, cyberthreats, and other
hazards in the global business environment. ABC-CLIO.
Heri Yanto and et.al, 2018. Graduates’ accounting competencies in global business: Perceptions
of Indonesian Practitioners and academics. Academy of Accounting and Financial Studies
Journal. 22(3). pp.1-17.
Radović-Marković and et.al, 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.
Sharma and et.al, 2020. Prioritizing the critical factors of cloud computing adoption using multi-
criteria decision-making techniques. Global Business Review. 21(1). pp.142-161.
Singh and et.al, 2019. A framework for linking entrepreneurial ecosystem with institutional
factors: a modified total interpretive structural modelling approach. Journal for Global
Business Advancement. 12(3). pp.382-404.
Veselovsky and et.al, 2017. Business environment in Russia and its stimulating influence on
innovation activity of domestic companies. Journal of Applied Economic Sciences. 12(7).
Online:
Global business management: [Online] Available Through < Top 4 Global Business
Management Strategies - Talentedge >
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