Business Environment Essay Example | Topics and Well Written Essays - 2500 words - 1

Business Environment - Essay framework1 5,6 1.3 Explain the responsibilities of an cheek and strategies employed to graceful them. 1 6,7 LO2 Understandthe nature of the national environment in which contrastes operate. 2.1 Explain how economic systems attempt to every(prenominal)ocate resources effectively. 1 7,8,9,10 2.2 Assess the impact of fiscal and monetary insurance on business compositions and their activities. 1 10,11 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation. 1 11 LO3 Understand the behaviour of organisations in their market environment. 3.1 Explain how market structures stop the pricing and output decisions of businesses. 1 12,13 3.2 Illustrate the way in which market forces shape organisational responses using a range of examples. 1 13 3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation. 1 14 LO4 Be able to assess the significance of the g lobal factors that shape national business activities. 4.1 controvert the significance of international trade to UK business organisations. 2 15 4.2 Analyse the impact of global factors on UK business organisations 2 15,16, 4.3 Evaluate the impact of policies of the European Union on UK business organisations. ... A business organisation has a boundary, which separates it from its external environment. The main rationale of this assignment is to spot the purposes of business organisation, analyze the bill used by different types of business organisations to meet the demand of stakeholders, and explain strategies and responsibilities of business organisations, which they use to meet their goals. LO1 Understand the organisational purposes of businesses. Purpose of business organisation Businesses run to ensure they meet the needs of customers. Therefore, according to numerous businesses, customers are more essential to a business than stockholders, employees, and managers. Without consumers, entrepreneurs cannot operate businesses (Shorthose & Maycroft 2012, P.33). Therefore, the main principle of business organisation is to ensure that customers experience the best services and are fully satisfied. The organisations vision enjoinment portrays the future state of the organisation. Having quality managers and leaders enable a business to create vision and strategy (Fleming 2004, P.4). However, under all business conditions, the purpose of a certain organisation is to ensure that the businesses survive. Business organisation should establish dual-lane values and vision for the businesses (Shorthose & Maycroft 2012, P.35). Business organisation must create mission statement and some commitments to apply the mission at all the organisational levels. The main purpose of this mission statement is to protect the organisation from beingness sidetracked and distracted. The mission and values focus on the resources and strategies of the business organisation (Flem ing 2004, P.7). The major resources of a business organisation include employees, their experiences, and