Business Environmental

In: Business and Management

Submitted By Filibeto
Words 2202
Pages 9
Mirko Hamparzumyan

Business Environment Assignment Part 1

08 August 2013

Table of Contents

Introduction 2 P1.1. Different types of business organizations and their purposes. 3 P1.2. Describe the extent to which an organization meets the objectives of different Stakeholders. 4

P1.3. Explain the responsibilities of an organization and strategies employed to meet them. 4

P2.1. Explain how economic systems attempt to allocate resources effectively. 5 P2.2. Assess the impact of fiscal and monetary policy on business organizations and their activities. 6

P2.3. Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization. 8

Conclusion 9

References 10

Introduction

In this assignment I will describe the types, content and objectives of business organizations and the surrounding business environment which is the sum of all external forces, actions and conditions that affect it and the opportunities to meet its contractual obligations, improve relationships with customers, as well as the opportunities for future development. The external factors are the elements of the ambient environment.

I will define the components of the business environment which is composition of micro and macro environment.

I will try to provide suggestions for better competition policy in the UK business environment.

P1.1. Different types of business organizations and their purposes.

There are three sectors in the UK traditional industry.

For example in the primary sector the consisting industries are as mining, forestry, fishing, farming … etc.

Example for the secondary industrial sector are: manufacturers as “Aston Martin”,…...

Similar Documents

Environmental Scanning

...Environmental Scanning and Higher Education By Pat Artz Prepared for Professor Sue Sampson CIS 620 Management Information Systems Fall Term 2002 October 10, 2002 Table of Contents Introduction 3 Definitions 4 Strategic Planning 4 Environmental Scanning 4 Environmental Scanning in the Business World 5 Four Scanning Strategies 5 Perceived Uncertainty 5 Competitive Intelligence 6 Environmental Scanning in the Academic World 7 Why Scan? 7 Learning Organizations 7 Scanning as a Four-Step Process 8 Trends to Scan 9 Environmental Scanning at the University of Missouri System 9 Environmental Scanning at Ole Miss 10 Environmental Scanning at the Center for Information Technology, Bellevue University 11 General Attitudes Toward Scanning 11 Sources Being Scanned 11 Interview with Director Creagan 12 Conclusions and Recommendations 14 Conclusions 14 Recommendations 15 Bibliography 16 Introduction Environmental scanning is a tool used by strategic planners in the business and academic worlds. However, these terms often meet with a blank stare when presented to people outside of senior management. What is strategic planning? What is environmental scanning? How do businesses and universities use these tools? Is environmental scanning a tool that can be used more effectively at universities? These questions will be investigated, with specific attention on the role of environmental scanning at......

Words: 3484 - Pages: 14

Environmental Scanning

...1/2012 24 - 34 Strategic Environmental Scanning and Organization Performance in a Competitive Business Environment Bayode O. Babatunde*, Adebola O. Adebisi** * Department of Business Administration, College of Management and Social Sciences, Osun State University, P.M.B 2008, Okuku Campus , Osun State, Nigeria e-mail: bayoogoga@yahoo.com ** Department of Business Administration, Federal Polytechnic Ado -Ekiti, Ekiti State, Nigeria e-mail: adebisiadebola@yahoo.com Abstract This work justified “the impacts of Strategic Environmental Scanning on Organization performance in a competitive business environment” by studying Nestle Nigeria Plc and Cadbury Nigeria Plc. The opinions of the selected respondents were sought by the use of structured questionnaire; the collected data were analyzed and interpreted with regression and coefficient of correlation method of analysis. Hypothesis one revealed that there is significant relationship between strategic environmental scanning and organization performance, the coefficient of determination (R2) is 0.297. It shows that 30% of the variation or change in effective organization performance is caused by variation in strategic environmental scanning. Hypothesis two also shows that the coefficient of determination (R2) is 0.301. It means that 30% of the variation or change in organization productivity is caused by variation in external environmental factors, which connotes that the external environmental forces have positive impact......

Words: 5309 - Pages: 22

Environmental

...efficiency. Solar energy can also be influenced by the presence of water vapor, pollution etc. in the air, which can cause complexities. OPPORTUNITIES OF SOLAR ENERGY: The solar industry employs more than 100,000 Americans, more than twice as many as in 2009. These employs work at more than 5,000 companies, the vast majority being small businesses, in all 50 of the United States. For the beginning of 2010, the price of solar panels has dropped by 30%, and the costs continue to fall making solar an even more viable choice for residential and business customers. Solar is a long- term threat to Duke Energy, Progress Energy and every other investor owned utility that refuses to adapt and change it business model. Solar is a threat to Big Oil, Big Coal, and Big Frackers. Over the next twenty years through 2032 Duke Energy is planning to fight NC wind and solar development. They see solar as a threat to losing control of their business one roof top at a time. The public need to know that solar will always be a long term threat and every energy company will need to do everything they can to make sure that solar energy is push to the limited. Solar energy is a very useful renewable source of energy, which maybe the answer to the future for power, or energy needs, as global warning seems to pick up rapidly. We all can contribute to the environment by using solar energy. Solar energy is and maybe one of the oldest and one of the most effective energy sources which......

Words: 522 - Pages: 3

Environmental

...First_Pages Lut30352_ch01_001-030.qxd 8/7/09 3:26 PM Page 1 Part One Environmental and Organizational Context 1. 2. 3. 4. Introduction to Organizational Behavior: An Evidence-Based Approach Environmental Context: Globalization, Diversity, and Ethics Organizational Context: Design and Culture Organizational Context: Reward Systems 5 31 57 88 EVIDENCE-BASED CONSULTING PRACTICES A major component of the evidence-based theme of this text and the link to practice are these part openers from the world-famous Gallup Organization. Gallup draws from its internationally recognized survey science and cadre of internal and external researchers (e.g., the author of this text and a Nobel Prize winner in behavioral economics are Gallup Senior Scientists), publishes its findings in the top academic journals such as Journal of Applied Psychology and provides this evidenced-based perspective and representative practices for each text part. Gallup is the recognized world leader in the measurement and analysis of human attitudes, opinions, and behavior, building on over three-quarters of a century of success. Gallup employs many of the world’s leading scientists in management, economics, psychology, and sociology. Gallup performance management systems help organizations maximize employee productivity and increase customer engagement through measurement tools, management solutions, and strategic advisory services. Gallup’s 2000 professionals deliver services on-site at client......

Words: 17103 - Pages: 69

Environmental Issues Faced by Business and Society

...Environmental Issues Faced by Business and Society Environmental issues are a big problem in modern society especially when big businesses take natural resources from the earth to keep up with demands and dispose of waste which in turn damages the environment in the process. As societies grow so does the demand for natural resources. Environmental issues that business face include water pollution, air pollution, the use and degradation of natural resources, and global warming. All these factors have pressured businesses to adopt and abide by good social ethical behavior and develop alternative resources without endangering the welfare of the society. Environmental Issues Faced by Business and Society Is it wrong to intrude into ecosystems and harm living organisms? That seems doubtful given how unrealistic it is. It’s almost impossible to do no harm to ecosystems in business because we need the earth’s resources to conduct business and sell products, and many companies have no choice but to dispose of waste and pollute one way or another. Businesses have traditionally shown no regard towards the environment and the societies in which it operated. Environmental protection was rarely seen as an issue and people thought that the world’s resources could be taken without end and without any harm done. Pollution could damage the environment, but the damage done was considered to be insignificant because the world was......

Words: 714 - Pages: 3

Impact of Environmental Regulations on Small Business

...2012 The Impact of Environmental Regulation on Small Businesses Small businesses are critical to the U.S. economy. They create about one-half of all private sector jobs and generate more than half of all revenues. It is critical to take into consideration how regulations and litigation impact small businesses. The biggest impact consideration is the financial impact to a companies’ bottom line (RAND Corporation). The U.S. economy slowly coming out of a recession, small businesses are struggling to overcome imposing environmental regulations from Washington. With record low rates of small business startups, people would argue that these imposing regulations are turning out all positive results. Small businesses unlike their larger business counterparts, cannot afford to hire specialty firms to help them make their way through these regulations. It also takes a lot of time and money to keep up with all the rules imposed on them. Such regulations impose costs on small businesses ranging from capital investments in upgrading current working environments to civil or criminal penalties. An effect of these regulations would be lower hiring projections for the near future. Other effects could be that the U.S. will not see a significant change in the unemployment rates and small businesses will lose out on revenues generated by hiring more employees (Alford). The definition of a small business is one that employs 500 employees or less. The Small Business Act (SBA)......

Words: 2547 - Pages: 11

Environmental Scanning

...Environmental Scanning Desmond Meade University of Phoenix MGT/498 Crystal Tart August 1, 2011 This paper will provide information on The Coffee Bean and Starbucks environmental scanning. Starbucks and The Coffee Bean are two of the most successful companies in there industry. They both provide some best coffee and tea to coffee drinkers. Both companies provide a very relaxing and classy environment for their clients to enjoy the smooth taste of their product. The Starbucks rich bold flavor was establish in Seattle WA. In 1971, while The Coffee Bean was establish in California in 1963. Environmental scanning is the process of which an organization uses to analyze and evaluate external and internal factors that affects their organization. When conducted effectively environmental scanning can help an organization understand whether or not the company is on right path to long term success. Environmental scanning also helps organization indentify the right skills and resources for each department within their company. The environmental scanning process requires a strategic strategy by management that includes the implementation of the SWOT the analysis. A detailed environmental analysis includes several factors: an evaluation of external and internal activities, understanding the latest and future business trends and identifying employees’ skills and knowledge to help the company to achieve its goals. The external factors for Starbucks and The Coffee Bean are......

Words: 905 - Pages: 4

How Macro Environmental Forces Affect Business Buying Behavior After a Recession- a Case Study of the Second Hand Truck Business C.Kakazoukis

...School of Management Blekinge Institute of Technology How macro environmental forces affect business buying behavior after a recession: A case study of the second hand truck business NAME OF AUTHOR Christos Kakazoukis NAME OF SUPERVISOR Urban Ljungquist MASTER’S THESIS IN BUSINESS ADMINISTRATION, MBA PROGRAM Jan 2011 Thesis for the Master’s degree in Business Administration Autumn 2010 Abstract Master thesis in business administration, MBA Program, School of Management, Blekinge Institute of Technology, fall of 2010. Author: Christos Kakazoukis Supervisor: Urban Ljungquist Title: How macro environmental forces affect business buying behavior after a recession: A case study of the second hand truck business. Keywords: Buying behavior, customer behavior, financial crisis, trucks, PESTEL Background and problem: The financial crisis has had a deep impact on businesses all around the world. This has affected our purchases, both as retailers and as customers. In this thesis I will investigate how the buying behavior has changed, before, during and after the financial crisis with focus on the second hand truck business. I will also investigate which macro environmental factors have affected the buying behavior. Purpose: The purpose of this research is to describe changes in buying behaviors from influence of macro environmental forces. Method: I have used a qualitative method, and as a part of that face to face interviews, to understand and establish a better......

Words: 16934 - Pages: 68

Environmental Costing

...Abstract Environmental costing serves as a mechanism for identifying and measuring the full spectrum of environmental costs of current production processes and the economic benefits of pollution prevention or cleaner processes, and to integrate these costs and benefits into day-to-day business decision-making. For the last decade, environmental accounting has gained increased importance in practice, of which cost accounting receives most attention. This paper gives an overview of the approaches of environmental cost accounting. Key Words: Environmental costing, Environmental costs, Environmental accounting Introduction In recent years, Environmental Costing has been attracting increasing attention throughout the world. There are various definitions of environmental costing, but essentially, an environmental costing system can be thought of as a management accounting system that has been refined so as to enable users of the system to be provided with information that reflects the environmental performance of the organisation. The United Nations Division for Sustainable Development has referred to environmental costing simply as “doing better, more comprehensive management accounting, while wearing an environmental hat that opens the eyes for hidden costs”. The information generated from an environmental management accounting system might be of a financial nature (for example, the quantification of environmental costs), or it might be provided in physical terms......

Words: 2170 - Pages: 9

Environmental

...|Environmental Research | | | |Natural Science 1 | | | |1/29/2015 | | | |April S. Domingo 1st Year BSBA Economics | | | | | |Atty. Vicente T. Peña | Environmental pollution is “the contamination of the physical and biological components of the earth/atmosphere system to such an extent that normal environmental processes are adversely affected” Pollution is the......

Words: 13986 - Pages: 56

Teaching Business Ethics and Environmental Responsbility, Using Hinduism as a Tool.

...Teaching Business Ethics and Environmental Responsbility, Using Hinduism As A Tool. Abstract The crux of Hinduism is to revere nature in all its forms as they are considered to be manifestations of God himself. Even humankind is understood to be a composition of elements of nature and therefore maintaining a symbiotic relationship is essential for self preservation which is reinforced through the theory of karma which lays heavy emphasis on one’s action and corresponding rewards and punishment and therefore establishes adverse consequences to negative acts of destruction and depletion. The current paper proposes to use these basic tenets of Hinduism to teach business ethics to students through examples and validations from the Hindu texts and scriptures. This combination would help bring to class a synergetic combination of theology and business management where students shall find essence and a deep sense of association between the theological thoughts and their commercial applications. Key Words: Business Ethics; Hinduism; Management application; Education. Research Type: Concept Paper Affiliation Details: Dr. Ruchi Tewari; Assistant Professor; Amrut Mody School of Management (Ahmedabad University) Navrangpura; Ahmedabad – 380058 (India) Phone No.: 093761 44037 Email id: drtewariruchi@gmail.com; ruchi.tewari@ahduni.edu.in Introduction Human development has been over-zealous and has in the......

Words: 3051 - Pages: 13

Business and Environmental Issues

...Environment Module: Environmental Issues (BC215013S) Academic Year: 2010/11 Semester/Trimester: 2 Student ID: 0916657 1. Executive Summary The report comprises the following sections which discuss the connection between General Motors (GM) as a major car manufacturer, and the environmental issues and policies that concern the company: * Environmental legislation affecting GM is outlined. * The internal and external drivers of GMs policies are analysed. * The policies themselves are discussed. * Recommendations and conclusions relevant to the future of environmental protection from the automobile industry’s point of view are made. Contents 1. Executive Summary 2 2. Introduction 4 3. General Motors 4 4. Main Legislation (International, National and Local) Affecting General Motors 4 5. Analysis of the Main Drivers of GM Environmental Policy 9 5.1. Internal and External Drivers 10 6. General Motors Environmental policies 11 7. Analysis of General Motors Environmental Policies 12 7.1. Specific 13 7.2. Measurable 13 7.3. Achievable 14 7.4. Realistic 14 7.5. Timely 15 8. Recommendations 15 9. Conclusions 16 10. Table of Figures 18 11. List of Tables 18 12. List of References 18 13. Bibliography 20 2. Introduction This report investigates and analyse the impact of General Motors (GM) on the environment, the company’s environmental policies and......

Words: 5931 - Pages: 24

Environmental Scan

...Environmental Scan There are many uncertainties organizations face when operating their businesses. These uncertainties can be limited if organizations perform environmental scans for their organizations. Environmental scanning assists businesses in providing information from internal and external environments to the executives so measures can be taken to take advantage of the information and succeed. SWOT (strengths, weaknesses, opportunities, threats) analysis is a key element of environmental scanning process which provides detailed information for the organization that can assist in growth and profits. Environmental scanning and SWOT analysis and how organizations use these tools to succeed and grow will be discussed in this paper. Environmental scanning is a process which monitors, evaluates, and disseminates information from internal and external environments to the people of the organization responsible of making decisions regarding growth and success of the company. Scanning the natural environment, societal environment (STEEP analysis), and task environment are the key elements of identifying the external environment. SWOT analysis should be performed to assess the internal environment of the organization. (Wheelen & Hunger, 2010) In scanning the natural environment, strategic managers must assess physical resources, wildlife, and climate. “The concept of sustainability argues that a firm’s ability to continuously renew itself for long-term success and survival is...

Words: 1305 - Pages: 6

Environmental Accounting

...understand by environmental accounting and environmental reporting? Throughout this essay the social accounting issue ‘environmental accounting’ will be discussed. Environmental accounting is ‘the practice of including the indirect costs and benefits of a product or activity, for example, its environmental effects on health and the economy, along with its direct costs when making business decisions.’ Also ‘the term environmental accounting is frequently used within the accounting and environmental management literatures. Environmental accounting is a broader term that relates to the provision of environmental-performance-related information to stakeholders both within, and outside, an organisation.’(epa.vic). There are many definitions for environmental accounting, however, there is no accepted single definition. Environmental accounting is also connected to Green accounting. Green accounting is seen as one of the most important aspects of environmental accounting. ‘The term, green accounting, has been around since the 1980s, and is known as a management tool used for a variety of purposes, such as improving environmental performance, controlling costs, investing in “cleaner” technologies, developing “greener” processes and products, and forming decisions related to their business activities.’(articalbase). Being a ‘green’ company it has a positive impact and makes the company or business look good. It also measures ‘carbon footprint’, how sustainable a business is and if......

Words: 1738 - Pages: 7

Environmental Scan

...Running head: ENVIRONMENTAL SCAN Environmental Scan The current economy has become known as the Great Recession, since it is the deepest and longest since the depression of the 1930s. There are high rates of unemployment and underemployment. Technically the recession is over; however world events and dependent economies of other countries could reverse this progress. The purpose of environmental scanning is to anticipate and strategize for the opportunities and challenges that could be faced in the future. There are five environmental forces within the current economy that effect an environment scan, those forces are social forces, economics, technology, competitive, and regulatory forces. Below is a brief overview of how each force can impact the completion of an environmental scan. Social An environment scan is dependent on many things to ensure proper predictions of trends. Environmental forces are constantly changing, environmental scanning is “the process of acquiring information about these changes to allow marketers to identify and interpret trends” (Kerin, Hartley, & Rudelius, 2010, p. 74). Social trends include many factors, such as age, gender, ethnicity, culture, and occupation. Social trends can also be evaluated through three distinct cohorts, the baby boomers, generation X and generation Y. Demographic and gender preferences can also impact the completion of a environmental scan such as the population in an target market. Each of these......

Words: 942 - Pages: 4