The external environment is the "external context within which an organisation exists and operates."1 One of the ways in which the external environment can be analysed is by assessing the impact of politics‚ the economy‚ social factors and technological factors (P.E.S.T. analysis). The organisations are affected either generally or immediately by the external environment. The immediate factors‚ also referred to as the operational environment‚ include aspects such as suppliers‚ financial institutions
Premium Unemployment Inflation Macroeconomics
Describe the social implications of business ethics facing a selected business in its different areas of activity. (P3 and M2) Social implications of business ethics The social implications often refer to those businesses that have an effect on society as a whole. They can relate to a number of areas of activity. I will now talk about the areas of activity. Areas of activity Ethics in finance In financial dealing and payments there are many kinds of unethical behaviour‚ however there are regulations
Premium Ethics Tax Starbucks
the main ones are Employees‚ Customers‚ Delivery services‚ Contracted Vending Companies‚ suppliers and Contracted Cleaning Companies. Employees- • Employees are important stakeholders in the business as they provide the service to the customer who eats at KFC. Without well trained staff the business would not run smoothly. The interest of the staff would be to make sure they have a secure job and a steady wage. If employees feel they are being treated poorly they will be less enthusiastic towards
Premium KFC Fried chicken Fast food
(a) Describe the promotional mix used by two selected organisations for a selected product/service. Coca-Cola Founded in 1886 by pharmacist Dr John S Pemberton in Atlanta‚ Georgia‚ The CocaCola Company is the world’s leading manufacturer‚ marketer and distributor of non-alcoholic beverage concentrates and syrups‚ and produces nearly 400 brands. www.coca-cola.co.uk/about-us/introducing-our-business.html Coca-Cola was invented by Dr John Stith Pemberton and first went on sale at Jacob’s
Premium Marketing Coca-Cola Advertising
Name: Cameron Nwanze Subject: D1 Evaluate the impact of changes in the economic environment on a selected business. I am required to evaluate the impact of changes in the economic environment on marks and spencer’s in relation to government decisions‚ policies‚ spending and economic management Government Decisions In 2012 the government decided to raise the minimum wage and change the vat rules this had a massive effect on marks and spencer’s as a company. The government raised the minimum wage
Premium Economics Government Policy
UNIT 1 ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment with
Premium Economics
Introduction P6: This report describes the influence of political‚ legal and social factors on the activities of Coca-Cola Enterprises Ltd and Croydon Health Services NHS. The report also identifies how the aforementioned factors may affect its stakeholders. All businesses will be affected by factors in its environment. The following are the 3 main factors affecting businesses; 1. Social Factors Social factors refer to the changes in the lifestyle‚ behavior‚ attitudes and tastes of different
Premium Law Coca-Cola Business
February 2004 Business Studies - Portfolio In this portfolio I am going to investigate two contrasting businesses and I will be collecting information from each of them such as: ØTheir main activities‚ aims and objectives and ownership. ØHow they are organised. ØHow they communicate internally and externally. ØTheir external influences. The two businesses I have decided to investigate are Richer Sounds and the Tanning Shop. Richer Sounds Activities: Richer Sounds main activities are selling
Premium Customer service Customer Sales
Reference………………………………………………………………………………………….10 1.0 Executive summary In this short report‚ I will be describing and produce a deeper understanding of what communication within the organization is‚ and how important it is to have an effective communication within the organization. This report will show the different aspects and different ways of how to have a better‚ and effective communication within employees that will result a better work place and a more efficient and effective employees‚ which meant more profit. At the end of the
Premium Communication Interpersonal communication
ECONOMICS AND BUSINESS ENVIRONMENT 1.1) Economic activity and economics (Pp. 14-16) Prosperity: The ready availability of goods and services to fulfil needs. Resources: Land‚ labour and capital. Scarcity: The excess of human needs over what can be produced. Economic activity: occurs when people (consumers‚ managers) make choices to maximise their prosperity using scarce resources. The Science of Economics: is concerned with the study of economic activity. This field is complex
Free Economics Macroeconomics