Business Environment Analysis Of British Airways
Business environment means the external forces influencing business management and decisions. It contains two forces, specific and general. Investors, competitors, customers, and suppliers affect directly in their day-to-day operations are the specific forces. Social systems, political, legal and technological conditions affect organisations indirectly are the general forces. Strategy management and innovation are vital for an organisation’s growth and development. Upon understanding the importance of strategy management and innovation, researchers have formulated theories related to organisational management. Theories have critically analysed with the case study of British Airways by comparing strategies with both external and internal environments. The case study explains the dimensions of business travel and tourism and its social, economic essay and environmental consequences.
Business Environment Analysis Of British Airways The abstract is typically a short summary of the contents of the document.
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Introduction to (the report)
For example: (just an example)‘The aim of this report is to, or this report will examine or discuss how an organisation can develop variety of purposes that culminate its establishment. In addition, it will further examine the reality of its business operations in an environment shaped or influenced by its stakeholder interest at different level’.
In conclusion, the report will carefully consider a company – British Airways as its case scenario, influenced by its stakeholders having competing interests, and posed with the challenges of reconciling them with greater satisfaction.
Business Environment Analysis Of British Airways Tackling Task One
AC 1.1 Identify the purposes of different types of organisation; use British Airways as a scenario and describe its mission and vision along with short- and long-term objectives.
The purposes of different types of business organization in the following –Sole proprietorship includes electricians, television repair person etc. Sole proprietorship business in the objectives is – Sole proprietorship business helps to create work for people. Persona taking extra funds may start sole proprietorship to make productive use of funds. Sole proprietorship business offers opportunity for an independent living to take all the decisions. A sole proprietorship directly contact with customers. Sole proprietorship business helps in the distribution of income and capital between a large numbers of people. Sole proprietor ship businesses are small in size (Brewster D – Business Economics, International Thompson Business P, 2008).