Business Environment Analysis and Macroeconomic Factors Report

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Added on  2023/01/19

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This report provides a comprehensive analysis of the business environment, focusing on the impact of macroeconomic factors on business operations. It examines the political factors, such as tax policies and government regulations, and their influence on businesses. The report includes an internal and external analysis, identifying strengths, weaknesses, opportunities, and threats (SWOT) of a specific organization, likely Virgin Money, operating in the UK. It further explores the interrelation between the organization's internal factors and the external macro environment. The conclusion summarizes the findings and emphasizes the importance of understanding the business environment for effective business operations, considering the different types, sizes, and scope of businesses. This analysis aims to provide guidelines and information related to the business and its environment, aiding in strategic decision-making and overall business performance.
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BUSINESS AND
BUSINESS
ENVIRONMENT
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TABLE OF CONTENT
Introduction
Main Body
Conclusion
References
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INTRODUCTION
Business environment may be define as the collection of all the internal and external factors which
affect business directly or indirectly for instance employees, management, client, social trends etc. All
the external and internal factors affect the function of the business or some of them influence the
business organization. business environment helps in determining business opportunity, planning and
betterment of the overall performance, growth and profitability of the business.
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THE POSITIVE AND NEGATIVE IMPACTS THE
MACRO ENVIRONMENT HAS UPON
BUSINESS OPERATIONS
Political factors like political stability either instability in overseas markets, tax policy, labor law ,
environmental law government policy etc. positive and negative impact of macro environment upon the
business operation are
Being a globally acclaimed bank, they have been working in UK, South Africa and Australia such, under
different laws and regulation, guidelines and arrangements the organization in this manner essential to
recognize these laws and embrace them to work effectively and successfully in their money related
model, they have additionally been given different insurance procedures against legislative
confinements and constraints to defend their position.
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INTERNAL AND EXTERNAL ANALYSIS OF SPECIFIC
ORGANIZATION IN ORDER TO IDENTIFY STRENGTH
AND WEAKNESS
Strength : they have become a head of building brand value, they offer high range of customer choice.
Weakness : they have become a monopolistic company where their expansion has now put it in a
difficult situation., they subsist of negligible administration layers and a weak board.
Opportunity : They give old administrations utilizing new modes which further make them imaginative
and increment in their openings for further development, They have had the option to diminish their
working costs in this manner applying successful procedures.
threats : presence of global competition , increase In financial crime.
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INTERRELATION OF STRENGTH AND
WEAKNESS WITH EXTERNAL MACRO
FACTORS
Threats
Nearness of an enormous challenge inside the financial business of UK because of essence of
other worldwide organizations, for example, HSBC.
There has been an expanded development of pawn shops along these lines arousing the
advance development
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CONCLUSION
Above report provide a guidelines and information related to the business and business environment
these report therefore infers by stating an understanding of the different business function and related
environment with concentrate on virgin money in the UK context, concentrate has been given on the
various types of the organization such as private, public and voluntary, there sizes and scope and the
way they desire to operate them. Further consideration has been made on the broad range of cope and
size of the different business types.
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