Business Environment

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BUSINESS ENVIRONMENT

International Business Development - Report

Introduction3

Task 1: Understand the Organisational Purposes of Businesses3

Purposes of Different Types of Organisations4

How Organisations Meet the Objectives of Different Stakeholders6

Responsibilities of an Organisation and Strategies Employed to Meet Them6

Task 2: Nature of the National Environment in Which Businesses Operate8

How Economic Systems Attempt to Allocate Resources' Effectively8

Fiscal and Monetary Policy Impact on Business Organisations and Their Activities8

Profitability Ratios9

Return on Capital Employed9

Return on Assets10

Competition Policy and Other Regulatory Mechanisms Impact on Selected Organisations' Activities11

Task 3: Behaviour of Organisations in their Market Environment12

How Market Structures Determine the Pricing and Output Decisions of Businesses12

Using a Range of Examples to Show Ways in Which Market Forces Shape Organisational Responses13

How Business and Cultural Environments Shape the Behaviour of a Selected Organisation14

Task 4: The Significance of Global Factors that Shape National Business Activities14

Significance of International Trade to UK Business Organisations14

Impact of Gobal Factors on UK Business Organisations15

Impact of European Union Policies on UK Business Organisations16

References18

International Business Development - Report

Introduction

In order to develop a report for international business development, it is essential to first develop some important global, multinational, and international business strategies. A model illustrated in figure 1 classifies major issues that need to be addressed to develop a comprehensive report as an active member of business development department. For this purpose, it is also imperative to analyse a theoretical overview about business development strategies and changes in economies. Hill & Jain (2007) argues that during the last decade, magnificent changes have been emerged to the past economic composure. This reality has moved the model and structure of developing and constructing international business in a far-reaching manner, evolving businessmen strategies to it and the manner in which business is performed. As the developed countries like the UK strives to index insignificant positive economic development, several, mainly huge economies have shifted themselves into economic powerhouses of international business development. They intend to acquire benefits from market changes and learn how to foresee trends, recognise ensuing business opportunities, and create and manufacture the most promising products.

Task 1: Understand the Organisational Purposes of Businesses

Whitehead (1994) argues that an organisation is referred as a social framework that practises mutual strategies through regulating and managing its own performance and maintaining a boundary that separates it from its surroundings and environment. Some examples of organisations are a gigantic retailer like Tesco, a car manufacturer like Toyota, and a charity like Oxfam. In this context, stakeholders are not merely and greatly capable to affect strategy, however their point of views can be significant in affecting more influential stakeholders, perchance by entering into the market. Consequently, they must be kept up to date.

Figure 1: Model for Global Business Development Stratgey Source: (http://www.global-strategy.net/categories/Buildingglobalstrategy).

Purposes of Different Types of Organisations

The foremost purpose of all types of businesses is to make money. Once a person or a group(s) of people have commenced a business, they experience a number of risks, which they had to deal with through uncorporating various skills and knowledge they possess. The simplest form a business is sole ...
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