SECONDARY ANALYSIS OF BUSINESS

Secondary Analysis of Business

Table of Contents

Introduction to Assignment4

Background of Co-operative Group Organization4

Description of Internal and External Stakeholders6

Measuring Interests of Stakeholders7

Meeting the Objectives of Different Stakeholders8

Legal and Social Responsibilities of the Organization in Relation to Key Stakeholders10

Employees10

Customers11

Suppliers11

Environment11

Responsibilities of an Organization and Strategies to meet them12

Allocation of Scarce Resources in the Business Environment16

Effective Resource Allocation through Economic Systems17

Impact of Fiscal and Monetary Policies on U.K Businesses19

Memo to the Chief Executive Officer about Organizational Responses to Fiscal and Monetary Policies21

Impact of Fiscal and Monetary Policy on Business Organizations and Their Activities21

Impact of Competition Policy and Other Regulatory Mechanisms on the Selected Organization23

Market Structure and Its Impact on Businesses Decisions for Pricing and Supply of Goods/Services25

Determining the Pricing and Output Decisions of Businesses25

Responses to Market Changes in Primary, Secondary, and Tertiary Sectors27

Importance of Business and Socio-Cultural Environments in Successful Operation of a Bank28

Influences to a Bank's Approach to Business Environment30

Substitutes31

Internal Rivalry31

Supplier Power32

Buyer Power32

Customer32

New Entrants33

Importance of International Trade for U.K Businesses33

Impact of Global Factors on U.K Businesses35

Significance of European Union policies to United Kingdom Businesses37

References40

Secondary Analysis of Business

Introduction to Assignment

This assignment seeks to demonstrate an understanding about various aspects of a business environment, taking in view, some specific examples of U.K businesses. We would go about the study in a systematic manner, addressing the key issues in environmental analysis and implications of various policies for the businesses in U.K. the assignment will also develop logical reasoning of some of the businesses practices that are currently prevalent in this context. The responsibilities of an oragnziation together with its external environment are a very significant subject to study. This assignment hopes to achieve its objectives by detailing the key aspects of the required fields in a holistic business research endeavor.

Background of Co-operative Group Organization

The Co-operative Group Ltd. is a United Kingdom consumer cooperative including a varying range of interests in businesses. It is run and owned by the co-operative members of the group. It involves over six million members making it the biggest organization in the world. The types of businesses that are included are: healthcare, financial services, pharmacy, food, online electrics, travel, legal and funeral services. The Co-operative Group has over 123,000 employees across the UK. Every year thousands of people join in this group with shared interests based on the co-operative group's commitments (www.co-operative.coop). The co-operative group organization business that is generally being discussed here is the financial services, pertaining to one of its most significant businesses.

The Co-operative Bank plc is a commercial bank in the United Kingdom and Guernsey, with its headquarters in Manchester. The bank is an ethical entity and refuses to invest in companies involved in the arms trade, global climate change, genetic engineering, animal testing and use of sweated labor as stated in its ethical policy. The ethical policy was introduced in 1992. Co-operative Group Limited brought the bank and the Co-operative Insurance Society under the control of a newly incorporated holding society, Co-operative Financial Services, which became the Co-operative Banking Group in 2011 ...