EXTERNAL BUSINESS ENVIRONMENT
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Sample PPT ON External Business Environment

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Sample ppt on external business environment

EXTERNAL BUSINESS ENVIRONMENT

By

Global Assignment Help


Sample ppt on external business environment

INTRODUCTION

External business environment is comprised of factors that affects the functioning of business. As such they are non controllable and cannot be managed by manager of organization.

It is important for the manager to gather information regarding external factors so that it can survive in the market for long run. Further it enhances the decision making process.

For the present presentation Ritz Carlton hotel has been taken into account. It is famous hotel brand of UK.

The study covers impact of socio-economic changes on the development of commercial organizations in business and service context.

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Sample ppt on external business environment

1.1 STRUCTURE AND OPERATIONS OF UK ECONOMY

The structure and operations of UK economy is comprised of various factors. This includes taxation, population, security measure, regulation and size of UK economy.

In terms of GDP as well as market exchange rate UK is regarded as sixth largest economy.

Further agriculture sector in UK offers 0.7% contribution in the GDP of nation. The country is considered one of the fastest growing economy.

The taxation policy within UK is transparent and simple. The policy has been developed in a manner that it assist nation's modern business practices.

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Sample ppt on external business environment

CONTINUED...

UK is 22nd largest country in terms of population. From the statistics of population 2015, it is determined that UK's population is 64454853. The majority of UK population is aging.

British Intelligence Authority possess power to maintain security of nation.

Travel and tourism plays effective role in raising economic condition within UK. The contribution of travel and tourism to GDP as per 2011 is 1.1 billion euro that is 6.7% of total.

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Sample ppt on external business environment

1.2 CURRENT GOVERNMENT ECONOMIC POLICY AND ITS EFFECT ON BUSINESS

Economic policy is considered as action taken by government for decision making in economic field.

It covers areas such as setting taxation level, making decision regarding budget of government, deciding on rate of interest and establishing control over money supply.

There are two economic policies that includes fiscal and monetary policy.

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Sample ppt on external business environment

1.3 DISCUSSION ON INCOME, WEALTH AND EMPLOYMENT DISTRIBUTION IN RELATION TO PROVISION OF SERVICES

Income is referred to as money received by an individual on regular basis in turn of work done. Through this individual can effectively fulfill his wants and needs.

Ritz Carlton is luxury hotel brand that offers services at higher prices. Thus they cannot be afforded by all types of customers.

Wealth of company is influenced by the kind of services offered by the manager of Ritz Carlton. It is considered as value of all assets owned by individual.

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Sample ppt on external business environment

CONTINUED....

The services offered largely depends on the skills and abilities of the employees. It is essential for business to upgrade the knowledge of personnel through training programs.

In relation to employment it has been determined that 6% of individuals perform in sales and customer service operations.

This presents that Ritz Carlton posses smaller number of workers who will be employed in case of vacancy.

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Sample ppt on external business environment

1.4 ANALYSIS OF DEMOGRAPHIC TRENDS THAT INFLUENCE EMPLOYMENT PATTERN

There is presence of several demographic trends that affects the development and changes occurring among personnel in organization.

It includes age, income, martial status, gender and occupation.

Pattern of employment is affected by the demographic trends existing in the nation.

For instance, Ritz Carlton needs to hire young and skilled employee with the aim to perform operations at reception counter. Such demographic cannot be accomplished in case there is presence of more number of old age people.

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Sample ppt on external business environment

CONTINUED.....

Another demographic is related with income level. People with lower income needs to search for better opportunities. However individual with high income group will not prefer leaving job for long term.

Increasing percentage of elderly population would affect the pattern of employment in hospitality industry. In this regard it has been assessed that majority of population in UK resides is between age of 50-70. This affects the employment pattern of Ritz Carlton.

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Sample ppt on external business environment

1.5 ANALYSIS OF SOCIAL STRUCTURE OF PEOPLE EMPLOYED WITHIN SERVICE INDUSTRY

The social structure of the people can be determined with the assistance of ABC 1 social grading system. In this regard it has been determined that hotel provide employment to following kind of people residing in various categories:

A: managerial and professional

B: Intermediate manager

C1: Supervisor

C2: Skilled worker

D: Semi skilled and unskilled workers

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Sample ppt on external business environment

CONCLUSION

It can be concluded from study that monetary and fiscal policy of government affects the functions of business to a greater extent.

Further by gathering useful information effective decisions can be developed by the organization.

For the purpose of taking suitable employment decision it is essential for hotel manager to collection information in relation with population and demography of nation.

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Sample ppt on external business environment

REFERENCES

Rodiek, C., 2008. External Environmental Analysis - The U.S. Television Manufacturing Industry. GRIN Verlag.

Singh, H. and Mahmood, R., 2014. Manufacturing Strategy and Export Performance of Small and Medium Enterprises in Malaysia: Moderating Role of External Environment.International Journal of Business & Commerce. pp. 3(5).

Size of UK economy. 2015. [Online]. Available through: <http://pwc.blogs.com/press_room/2014/07/size-of-uk-economy-to-overtake-france-by-2020-and-narrow-the-gap-with-germany-by-2030.html>. [Accessed on 27th January 2016].

Fiscal policy. 2015. [Online]. Available through: <http://study.com/academy/lesson/fiscal-policy-tools-government-spending-and-taxes.html>. [Accessed on 27th January 2016].


Sample ppt on external business environment

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