Global Factors On UK Businesses Essay

THE SIGNIFICANCE OF THE GLOBAL FACTORS THAT SHAPE NATIONAL BUSINESS ACTIVITES 1. INTRODUCTION This research project is going to investigate on the Global Factors that influence UK business activities. This project will be looking into the main factors that influence businesses globally and how the businesses are working into the local, national or international market affected by global problems. The main areas about to consider are international trade, how UK businesses are trading internationally

organisational purposes of businesses Learning Outcome 2 – understand the nature of the national environment in which businesses operate Learning Outcome 3 – understand the behaviour of organisations in their market environment Learning Outcome 4 – be able to assess the significance of

significance of global factors that shape national business activities and utilizes them well, it can be a great asset to the economic development of that business. In using the global factor for a company, the methodology chosen and used must be in line with the company goals and objectives. The significance of international trade was explained where international trade was define as the buying and selling of goods or services across a national border. The impact of global factor on UK and local business

Understand the nature of the national environment in which businesses operate 2.1 Explain how economic systems attempt to allocate resources effectively. 2.2 Assess the impact of fiscal and monetary

Table of Contents Abstract 2 Literature Review 3 Global Touch UK Private Limited: 3 Critical Analysis 5 Growth Strategy by Scott, M. & Bruce, R. (1987): 6 Conclusion 9 References 10 Appendix 11 Appendix (A): 11 Appendix (B): 12 Appendix (C): 12   Abstract This report is about a small firm ‘START UP’ (Global Touch UK Private Limited) of the author’s choice in the business to consumer sectors. Thus, the author has presented it as a case study in written report format in the form of an outline business

marketing and other necessary business activities, businesses interact with internal and external factors which may affect the business and can be affected by the business as well. A combination of both of the factors comprises the business environment in which the business operates. The internal factors refer to the factors those function within the business organization and the business can control or facilitate them as needed. Some prominent internal factors are the working conditions, employees, employer

All businesses are affected by national and global economic factors. National and global interest rate and fiscal policy will be set around economic conditions. The climate of the economy dictates how consumers, suppliers and other organizational stakeholders such as suppliers and creditors behave

AND INDUSTRY ENVIRONMENT. PEST is «an acronym for political, economic, social, and technological – external factors that commonly affect business activities and performance» (Aguilar, 1967). PESTE is a variation of PEST analysis and it includes environmental factors in the macro environment. 2.1. Political Factors. Political arena has a huge influence upon the regulation of businesses. It includes government regulations and legal issues under which business should operate. • The United Kingdom’s

ideologies and regimes have on business. In all circumstances, business and politics are heavily interdependent. The government is not only a large customer of the private sector and a tax collector but it also lays down the legal framework in which businesses operate, regulations, or lack thereof, can either impede business or allow it to flourish, creating jobs, wealth and opportunity for society. As a result, the regime of a country and the political party in power and what kind of views it holds in

categories including the private, public and non-profit sectors. This assignment will discuss a business organisation from each of those sectors, outlining the purpose, objectives, and stakeholders of each. It will also discuss the different ways that global factors and market structures can impact each of those companies. CONTENTS PAGE : L01 Understand the organisational purposes of business Identify the purpose of different types of organisation Describe the extent to which an organisation meets