sample report on external business environment by instant essay writing
TRANSCRIPT
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
SAMPLE ON
EXTERNAL BUSINESS
ENVIRONMENT
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
TABLE OF CONTENTS
Introduction ..................................................................................................................................... 1
Task 1 Structure and operation of UK economy ............................................................................ 1
Task 2 Analysis of current government economic policy along with its effect on business .......... 3
Task 3 Income, wealth, employment and occupational distribution to provision of service .......... 5
Task 4 Assessment of demographic trends that has influenced employment pattern ..................... 7
Task 5 Analysis of social structure of people employed at Ritz Carlton ........................................ 8
Task 6 Structure, operations and influence of local government on Ritz Carlton ........................ 10
Task 7 Evaluation of role and influence of EU along with its impact on business ...................... 11
Task 8 Assess roles of pressure group and their political influence on issues ............................. 12
Task 9 Legal frameworks within UK along with difference between English and Scottish System
....................................................................................................................................................... 13
Task 10 Evaluation of UK and EU legislative process at national and local level ....................... 15
Task 11 Different types and characteristics of business operates in hospitality sector ................ 16
Task 12 Legal processes for formation and dissolution of registered company ........................... 18
Task 13 Analysis of structure and process used to determine responsibilities and control within
registered company ....................................................................................................................... 19
References ..................................................................................................................................... 20
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
INTRODUCTION
External business environment comprises of many factors that is considered with external
and internal business market situation. The present research report has been made with an
attempt to analyze the structure and operation of UK economy with the current government and
economic policies. The research has also stated all those factors that impacts employment
patterns especially in hospitality industry. Thus the research report has been made on UK
hospitality industry in which hotel Ritz Carlton has been selected which is one of the largest
hotels in UK economy. Furthermore the role and influence of EU and its impact on business and
service industry has been mentioned. Along with this, the role of pressure groups and their
political influence in relation to national and local issues on hospitality industry has been stated.
Despite such aspects, differences between English and Scottish system is also discussed which
has been informing about the economic prosperity of the entire country (Kourteli, 2000). The
legal and other policies of EU have been impacting hotel Ritz Carlton from local and national
perspectives. In order to be a legal entity, it is crucial for the hotel to integrate with legal
obligations in both the formation and dissolution cases. Analyze the structure and processes
which determine responsibilities and control within registered company.
TASK 1 STRUCTURE AND OPERATION OF UK ECONOMY
Britain is considered as the first country that started industrial revolution in 18th century
and it is also called as capitalist country. The characteristics of the economic system of
capitalism are that it protects private enterprises. Due to growing economic condition of UK,
changes are taking place in the flow of resources and apart from that Britain began its market
economy about 300 years ago. UK is also the 6th largest in the world economy and it is a member
of the European Union (Capon, 2009). However on the other side, the economy faced global
crisis in the year 2008 and the situation of recession was about to come. The population of the
economy has been increasing from past many years and out of the total population, the major are
the senior citizens. Today the economic prosperity of UK has been increasing and under which
agriculture is the only sector which has been contributing around 0.7% in UK GDP. The ratio
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
was same till the year 2012; but changes occurred in the present scenario due to dominant
component of the UK’s economy (New EU legal framework for accreditation, n.d).
From many cases, it has been observed that hospitality industry in UK has employed
more than 4 million people in different business functions. UK economy operates in free market
economy and the exchange rate also floats from diverse perspectives which lead to high level of
immigration (Todd, 2013). The major factors that enhance the economic prosperity of UK are
education, population, effective commercial businesses and competent health and social care
services. The ruling bodies of UK have been executing many changes in taxes and other
regulatory policies for determining restriction free trade (Allen and Raynor, 2004). European
Union has established numerous sorts of tax policies for different business types that help in
increasing rate of GDP. Similar to other businesses, the rate of taxes are also different as per the
income level of citizens and hence its plays crucial role in economic development. All the
citizens are required to contribute some amount in national income so that the degree of
Sample Report on External Business
Environment
For Complete Essay Writing
Kindly Mail us at:
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
economic prosperity can be encouraged (Rauch, 2013). The ratio of supply and demand can be
managed with the help of economic conditions.
The economic structure of mixed market is critical and that also affects market scenario
from different aspects. It is considered as an economic system in which both private sector and
state directs the economy with numerous regulations specified by market and planned
economies. The structure of the economy helps business entities to be at market place by owing
privately towards economic dominance. Here central bank plays crucial role in determining the
exchange rate since government is specifically involved in decision making process. Mixed
economy functions through private enterprise as well as Government and hence Government
interferes with or regulates the private enterprise in various ways.
TASK 2 ANALYSIS OF CURRENT GOVERNMENT ECONOMIC POLICY ALONG WITH
ITS EFFECT ON BUSINESS
There are numerous policies in UK government that has been changing the scenario of all
sorts of industries and apart from this; it also changes the ratio of flow of money. Numerous
fiscal and monetary policies are been applicable in the country that further impacts tax and other
policies. On the basis of income and GDP ratio, the percentage of tax can be determined. The
government is also focused towards the purchasing power of customers so as to determine the
degree of supply and demand (Gani, 2011). Monetary policy is being developed so as to maintain
the flow of resources in adequate manner. It is being determined by setting independent interest
rates but at the same time it aids government to meet inflation target. Hence through this, the
economic policy of UK is able to manage ratio of expenditure such as salaries, infrastructure and
other nominal expenses. The regulatory body of UK has been generating income and revenue
from the sole source that is in the form of taxes and subsidies. In response to this, service
industries of UK have transformed the way of managing business that is- it has introduced many
opportunities for enhancing earning capability. The ratios of taxes have been changing which
improves standard of livelihood (Fernando, 2011).
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
People who have been working from many years have been looking for more
opportunities so that they can enhance standard of living. In order to reduce the degree of post
tax income, the government has been augmenting the level of direct income (Allen and Raynor,
2004). The economic policies of UK assist the country to generate many profits and they are
even integrated with legal framework. At the time of changing economic practices, some of the
businesses find it difficult to change business activities and this also impacts business
regulations.
The productivity factor of the company can be enhanced with the help of managing business
operations effectively and this has been possible due to monetary and fiscal policies. In order to
manage banking and other regulatory aspects, the government of UK has been changing the way
of delegating money in terms of financial facets (Goyal and Goyal, 2002). Fiscal policy is related
to direct changes in the economy due to influence of economic activity though changing taxation
Sample Report on External Business
Environment
For Complete Essay Writing
Kindly Mail us at:
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
and government spending. On the other side in UK, central Bank and integral bodies of NBHS
regulates flow of money. Hence due to such changes, Ritz Carlton may have to change the
pricing strategies as per the purchasing power of customers.
Fiscal policy is government’s decisions regarding spending and taxing and thus these
changes the scenario of trade and expenditure. If government wishes to stimulate growth in the
economy, it will increase spending of goods and services and at the same time, this will also
increase demand for goods and services. Hence the policy possesses optimistic impact on
business entities since this helps them to acquire benefits by supplying more products and
services. On the other side, monetary policy is a decision of government regarded with money
supply and interest rate. This is basis of people’s spending on goods and services. Business is
able to acquire huge profits if the aspects of monetary policy remain constant.
TASK 3 INCOME, WEALTH, EMPLOYMENT AND OCCUPATIONAL DISTRIBUTION TO
PROVISION OF SERVICE
Economic prosperity as well the rate of GDP has been increasing due to contribution of
travel and tourism sector and this also increases the value of nation in other markets. In the
subsequent research, the hotel taken is Ritz Carlton which promotes the standard of services
through adequate modes and tools. The hotel has maintained pricing and other standards for
becoming competitive. The expenditure ratio of hotel has been changing due to the category and
variety of services (Jain and et.al., 2002). This is also the other factor that generates employment
opportunities in the nation and at the same time, it also enhances efficacy of hospitality industry.
The ratio of prosperity has been generating due to different employment opportunities. From past
many years, hospitality industry is the considered as the largest contributor of employment
opportunities. Hospitality industry has been serving different types of services which increase the
employment possibilities. In service industry, most of the candidates prefer to get office working
jobs since it does not require any type of effort.
The hotel industry is able to give appropriate services to the customers so that
opportunities of business proposition can be encouraged. The Equal Opportunity Act is being
followed by the company so that equal pay can be given to all the employees at the hotel. The
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
probabilities of wealth maximization are higher and at the same time, it increases profitability
aspects of the industry. Moreover employees are also provided with training and coaching
sessions for contributing in the achievement of goals and objectives (Kew and Stredwick, 2005).
Demand for hospitality services has been increasing due to the efficient services which Marriott
has been providing. The industry is highly focused towards innovation and creativity for meeting
the demands and expectations of customers. The industry is also experiencing many problems
due to changing social factors since it alters business and market decisions frequently.
Hospitality industry is comprised of several amenities such as food and beverages,
accommodation and travel & tourism, all such activities needs to be integrated with service users
and providers both (Mason, 2007).
Income can be defined as a sum of money that individual gets against the work done by
him in an organization. Sometimes, organization faces issues related to the term income due to
inequality and discrimination in the aspect. In hospitality industry, the distribution of income and
wealth is on fair basis this also aids in generating growth possibilities of business up to higher
extent. The top management at the hotel is accountable to deliver payment to the workforces and
Sample Report on External Business
Environment
For Complete Essay Writing
Kindly Mail us at:
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
he must consider actual facts about equal distribution of resources. In many cases, it has been
seen that hotel industry discriminates employees from several grounds and this affects their
employment patterns.
TASK 4 ASSESSMENT OF DEMOGRAPHIC TRENDS THAT HAS INFLUENCED
EMPLOYMENT PATTERN
Continuous changes are prevailing in employment patterns due to demographic factors,
the factors that lead to employment situation. Demographic factor is concerned with customers
and other factors that directly impacts business decisions. Demographic patterns can change
employment patterns in hospitality industry as due to the efficiency of people; changes are
prevailing in employment courses. People preference has been changing and this also alters their
way of working which leads to changes in demand of services. Hotels of UK are considered as
the most competent industry that generates many opportunities of growth and success and at the
same time it develops need for diverse amenities (Pizam, 2010). The younger generation of UK
market emphasizes on innovative services; therefore hospitality industry prefers to employ them
so enhancing the degree of competitive services. Changes in social factors changes the way of
service delivery and similarly it also results in customer retention. This leads the hospitality
industry to introduce many changes in employment patterns and similarly it can also be called as
effective.
The level of income distribution has been changing as per the standard of people and this
in turn also facilitates adequate employment opportunities. In hotel Ritz Carlton, it has been
observed that employees who have low income level searches for diverse opportunities since
they wish to fulfill needs and demands (Shaikh, 2010). The hotel has been trying to retain
employees for longer period by providing them different types of opportunities and benefits.
Similarly the hotel also generates employment options as per the level of education and as per
the standard of job role. Sometimes the preference of job changes if the candidate is not able to
meet the specification of terms of employment. Hence from the above discussion, it is clear that
demographic aspects can affect employment patterns.
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
Hospitality industry has been getting impacted through numerous trends prevailing in
demographic aspects; however up to some extent this is also encouraging the hotel to give
essential and appropriate services to the customers. For instance- currently the trend of online
shopping, banking and online information availability has changed entire scenario of business
practices. This has helped the hotel to make the premises WiFi so that customer can access
information about anything they desire to buy. As per the demographic factors such as income
and gender, hotel industry is making specific changes in product line. For example- luxury
services has been added in hospitality industry for higher class people.
TASK 5 ANALYSIS OF SOCIAL STRUCTURE OF PEOPLE EMPLOYED AT RITZ
CARLTON
In order to remain at the market place, it is crucial for the hotel industry to manage social
relationships with the customers since it also encourages possibilities of growth and success
(Rauch, 2013). And as a result, hotel Ritz Carlton has been deriving long term sustainability and
competitive advantage alongside, effective market share. Social relationship can exist between
employer and employee, customer and employer and business with society. For the development
of business, it is essential for the hotel to develop competent and long term relationships with the
customers which also works in customer satisfaction. On the other hand, employees of the hotel
are also emphasizing on building cordial relationships so that work processes can be managed
adequately (Allen and Raynor, 2004). Employees of the organization has been emphasizing on
diverse services so as to build adequate relationships with the customers. The degree of
profitability has been increasing due to the reason that services of Ritz Carlton are effective
enough that it captures attention of customers. In order to develop cordial relationships with the
clients, numerous amenities are given by the hotel management.
Ritz Carlton has been emphasizing on enhancing the quality of services through guiding
and training the employees towards best services. The employees are also guided to build up
sustainable relationships with the customers for enhancing the degree of customer loyalty. In
terms of relationship, hospitality industry has been inviting opinion and views of employees so
that innovative and adequate decision can be made (Blaževic and Jelušic, 2006). Prominent
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
amount of focus is being given to the customers of Ritz Carlton which further reduces
possibilities of customer complaints. The hotel is also able to enhance the degree of customer
satisfaction with the innovative category of products and services. Some of the employees are
provided with additional benefits so that word of mouth publicity can be facilitated. Hence social
structure contributes management to enhance profit as well as sustainability aspects through
innovative business prospects.
As apparent, hospitality industry is one of the fastest growing sectors due to contact with
number of potential clients of business in different countries. Thus it is essential for the
hotel to employ only talented and qualified work pool so as to deliver prominent services to the
clients. The subsequent hotel has been selecting only requisite and educated people so that better
communication can be developed with the clients. It is seen in many cases that people in
hospitality industry that directly comes in contact with the customers’ needs to emphasize more
on developing quality skills which in turn also results in customer retention. People at hospitality
industry should be involved only in ethical and legal practices so that customers can be protected
from cheating and other issues.
Sample Report on External Business
Environment
For Complete Essay Writing
Kindly Mail us at:
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
TASK 6 STRUCTURE, OPERATIONS AND INFLUENCE OF LOCAL GOVERNMENT ON
RITZ CARLTON
Municipal as well as local government both has been affecting practices of hotel from
different grounds. Local government priory emphasizes on local business entities so that MNC
may not impact marketing and other decision of business. All the hotels of UK hospitality
industry have been changing their policies and strategies in which they have to consider direct
and indirect impact of competition on local market. The local authority of the business has been
emphasizing on different tier systems so that political scenario can be changed (Gani, 2011). The
categories of local council are Country councils, district councils, unitary authorities,
metropolitan districts and London boroughs that alter business operations along with
organizational structure. This also restricts many of the industries in the case of international
trade. Political bodies have been influencing the terms and conditions of business and at the same
time, it directs local government to change monitoring and other processes.
Local government changes terms and conditions of business and hence this also makes
favorable changes in hospitality structure. The rules and norms of government have been
changing as per the effectiveness of hospitality industry. Earlier it has been seen that most of the
hospitality organization involves in unethical and illegal practices for undue profits and
advantages (Gestel and Nyberg, 2009). In order to reduce this aspect, government has introduced
many new reforms which are mandatory to follow and which also directs management to get
involved only in ethical and adequate services. Through this, Ritz Carlton has made many
changes in existing business operations where in promotion, selling and advertising the services
is directly integrated with legal and ethical practices.
The local government has been posing threats to hospitality industry since it is greatly
concerned with environmental aspects. In current era, government has raised its focus on
environment protection and hence hospitality industry is guided to consider the same. Issues
related to cleanliness have been increasing and this leads the hotel to develop more concern
towards making the place clean and clear. The industry critically faces range of issues related to
cultural aspects as it is also essential for the hotel to maintain interest of customers by
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
emphasizing on their values and beliefs. The hotel needs to integrate the services with economic
aspects so that business can be sustained at market place.
TASK 7 EVALUATION OF ROLE AND INFLUENCE OF EU ALONG WITH ITS IMPACT
ON BUSINESS
Here is the list of all those policies which EU has prepared for the purpose of stating
influence of EU on business practices. Some firms change their processes as per the economy
alterations. Thus to study the impacts, detailed description of different EU is requisite to
showcase. For example- regional policy has been made with the purpose of enhancing economic
capacity of those areas that requires government support for enhancing the ratio of employment.
In order to facilitate development in the economy, such policy has been introduced and along
with this, it also plays crucial role in achieving the pre determined standards. This also reduces
the impacts that government policy pays on subsequent economy.
However on the other side, international policy has been developed for improving the
rules and norms for export and import. EU policy defines some norms and at the same time, it
also defines the way to manage barriers in international trade (Jackson, Cunningham and Dutton,
2001). Thus with the help of international policy, Ritz Carlton can persuade customers of
different markets. This can also result in maintenance of corporate relationships with other
clients. Through this, opportunities of growth and prosperity can be augmented. Monetary Policy
Commission can assist Ritz Carlton to manage pricing strategies and this is also useful in
acquiring inflation targets. Through this, potential customers can be retained and hence this can
boost the opportunities of business sustainability. Employment policy is also useful for Ritz since
through this, varied types of employment patterns can be generated (Gani, 2011). Hence from the
description, it is clear that with the help of different EU policies, employment opportunities can
be encouraged.
EU has made several policies related to free movement of goods and services and
amendment on using business labor and capital. With the help of policies of European Union, it
is easy for the organizations to trade freely within the country and that also maximizes the
opportunity of growth and success. Hence from the discussion, it is clear that the regulations
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
under EU are beneficial in terms of trade and this is can also develop possibilities of business
expansion.
TASK 8 ASSESS ROLES OF PRESSURE GROUP AND THEIR POLITICAL INFLUENCE ON
ISSUES
Influence from pressure group and from political parties is contrary to each other as both
are involved in the formulation of different policies and strategies. Pressure groups in UK bring
blight in democracy as the existence of pressure group means that there is a channel of easy
access where problems of organizations and citizens can be raised. Pressure groups can be
classified into varied ways and the overarching definition of a pressure group is like minded
individuals that seek to government influence (Jamali, Khoury and Sahyoun, 2006). In UK
economy, pressure group emphasizes on developing environmental efforts. Hence all the
companies in different sectors are directed to conserve energy resources for developing efficacy
of natural resources. The government has also build up many reforms where in organizations
need to consider environment issues which can also lead to changes in business processes.
There are numerous modes through which Ritz has been creating awareness amid people
for the protection of natural resources. Pressure groups also release efforts on stakeholder
management and for that business has to operate activities in ethical and legal manner (Pizam,
2010). In response to pressure groups, Ritz has started developing efforts on environment
protection through the means of reducing wastages of resources. All the organizations have been
adversely affected from issues of pollution; therefore activities that create pollution are fewer to
some extent.
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
These are some of the potential impacts which have been influencing Ritz Carlton hotel as well
as other firms. Pressure group also analyzes if the organizations in UK economy are focused
towards legal framework. It identifies the myriad of methods that is directly integrated with
policies and issues of bureaucrats (Kourteli, 2000). Pressure group is too powerful as its sets
different committees so as to fulfill the function of supporting election candidates financially.
However on the other side, Small Scale pressure groups with little funding find it extremely
difficult to operate this within the context of political influence.
TASK 9 LEGAL FRAMEWORKS WITHIN UK ALONG WITH DIFFERENCE BETWEEN
ENGLISH AND SCOTTISH SYSTEM
There are three different legal systems in the UK (Scotland, Northern Ireland, England &
Wales) and the UK Parliament enacts statue for all the regions apart from Scotland. The legal
framework of EU covers the operation of accreditation in support of voluntary conformity
assessment requisite by legislation. England and Wales covers two basic types of court which are
being mentioned as under:
Sample Report on External Business
Environment
For Complete Essay Writing
Kindly Mail us at:
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
Civil courts: Under civil court, magistrate court is considered as the only civil jurisdiction
which emphasizes on adoption, guardianship and child welfare. It also has county court
where in each court is known as small claims court which has its own geographical zone
and it basically deals with personal injury (Scottish legal system, n.d). However the high
court performs both civil and criminal functions. Queen bench deals with actions that are
related to contract or tort and on the other side; family division covers cases of divorce
and adoption.
Criminal courts: Magistrate court considers only criminal cases and it tries to end the
process through detailed analysis. If the magistrate believes that the seriousness of the
offence warrants a longer sentence than the criminal court here can delegate the case to
Crown court (Kew and Stredwick, 2005). Crown case is a judge and jury that normally
consider serious crimes such as murder, rape, grievous bodily harm etc.
In order to comprehend differences between Scottish and English System, some examples are
stated here. In England, there is a well developed code which applies to commercial leasing
based on the Landlord and Tenant Act; however in Scotland there has been very little statutory
intervention. Scotland is a member of third aspect of British Law and is known as a mixed
system since it is influenced by both civil and common law and has characteristics of both
approaches (Rauch, 2013). The laws made by European Union apply in the same way to
Scotland as well and it does to England by virtue of Scotland’s position as a constituent of the
UK. The courts are also other source of law in Scotland; however the doctrine of judicial
precedent operates within the hierarchy pyramid of courts.
The age of capacity is also different in English and Scottish system since The Age of
Legal Capacity (Scotland) Act 1991 is an Act of Parliament applicable only in Scotland which
has actually replaced the pre existing rule of pupilage and minority with the simple rule that a
person can get full legal capacity at the age of 16. However contrary, the Scottish age of capacity
earlier was 21 and now it has reduced to 18 under the age of majority Scotland act 1969. Hence
the introduction of age legal capacity has replaced previously formed rules and the regime of 16
(legal capacity) have also changed furthermore.
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
TASK 10 EVALUATION OF UK AND EU LEGISLATIVE PROCESS AT NATIONAL AND
LOCAL LEVEL
In UK, evaluations are conducted primarily by the European Commission and they
develop several amendments for code of conducts. Evaluations are even conducted under the
mandate of political body or within a specific parliamentary committee. The government bodies
also posses several types of assistance to firms such as technological and scientific assonance
and that also impacts legal framework of businesses and firms (Policy and legislative evaluation
in the EU, 2013). The legal process of UK is comprised of several elements that produce
different patterns and code of conduct as well. The organizations working in UK are also bound
to maintain legal processes in which all the legal laws and frameworks are must to consider.
There are some differences in national and local level which are mandatory to consider since that
makes firms legal entity.
The government has also made it compulsory in which, the companies are required to
specify all aspects in auditing process for transparency management. As per the evaluation of
legal processes of EU, the commission recently enhanced the role of stakeholders in which they
should be provided with transparent evaluation process since they are the major contributors in
company’s processes (New EU legal framework for accreditation, n.d). European Union and the
norms direct the organizations to use scare resources in adequate manner and the company
should develop trust amid employees and customers for showcasing legal framework. European
Commission also directs the service industry to adopt some principles such as openness,
participation, accountability, effectiveness and coherence of EU governance.
All the regulatory policies in UK are different and this has been helping the businesses to
protect the interest of employees for longer period. EU has specified working hours for
employees and under that every employee is accountable to get extra payment if he has done
extra work other than the specified hours. However instead of that working hours are specified to
8 hours which is mandatory for all to consider. Some regulations have also been considered such
as minors are not allowed to buy alcohol and cigarettes since it is legally against the age capacity
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
act. Under the fiscal policy, government is allowed to spend resources in increasing demand and
supply aspects.
TASK 11 DIFFERENT TYPES AND CHARACTERISTICS OF BUSINESS OPERATES IN
HOSPITALITY SECTOR
The grouping of business can be divided into different manners and according to that, it
also categorizes their services. Some examples of businesses are retail businesses, hospitality
businesses, health and social care sector and commercial business (Capon, 2009). The categories
of business activities can be specified as per the purpose; since the present case is stating about
hospitality industry; therefore description about services of Ritz Carlton hotel has been stated.
Being a largest hotel of UK, Ritz is involved in different types of business activities such as:
Housekeeping: Hospitality industry is mainly involved in appropriate recreational and
relaxation services which need to be carried in adequate manner. All the hotels are
required to consider housekeeping services in which they take care about cleanliness and
other hygienic factors for safety and security of guests. Housekeeping services are
mainly related to cleanliness and for that proper guidelines are required to develop so
that customer satisfaction can be encouraged (Rauch, 2013).
Sample Report on External Business
Environment
For Complete Essay Writing
Kindly Mail us at:
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
Food and Beverages: In hospitality industry, F&B reigns supreme and it is also the
largest element of hospitality industry. Food and Beverage on the other side is also the
other form of customer satisfaction as travel and tourism sector is majorly concerned
with enjoying different types of cuisines and food types. It includes bars, restaurants and
other catering services. It is also considered as a basic element for which guest visits
different types of hotels.
Accommodation: Hospitality industry is concerned with luxury services and that can be
provided by offering all sorts of services. Ritz Carlton hotel is involved luxury services;
therefore accommodation comes on first priority. Hotels, beds and breakfast and other
places that offer lodging represent a broad segment of the hospitality industry. Thus
simply, it is essential for the hotels to deliver several sorts of amenities so that customers
can be retained (Mason, 2007).
Travel and tourism: The entire services of hospitality industry are integrated with travel
and tourism all the activities are common in both the sectors. Thus another chief segment
of hospitality industry encompasses transportation. This includes airline, trains, cruise
and ships. Travel and tourism requires knowledgeable employees so that they can guide
all about places in specific destination (Hall, 2013).
Different types of organization are stated as under:
Sole trader: It is the type of business where the owner is the single entity that manages
entire business functions and he alones enjoys all sorts of profits and losses. At the same
time, he has to take critical decisions for managing business resources.
Private limited organization: The firm that lies under this category manages business
under private bodies and here the influence of government is limited.
Public limited company: Public limited company is owned and managed by the
shareholders or by government and here the business has to consider public interest up to
higher extent.
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
Cooperatives: These are the types of business firms that majorly does not work for profit
maximization as the main aim of such cooperatives is to sell products and services to
customers without adding much profit margin.
TASK 12 LEGAL PROCESSES FOR FORMATION AND DISSOLUTION OF REGISTERED
COMPANY
Apparently formation as well as dissolution of companies both the processes needs to be
legally integrated since it is mandatory in legal framework (Jamali, Khoury and Sahyoun, 2006).
Necessities that should be included in formation process of the company are specified as under:
Registering the business: After planning for the establishment of business, it is crucial
for the business owner to register the company under legal authority. The process is
cheaper and straightforward. Here information about all the stakeholders as well as
capital invested is required to include.
A limited company: It is imperative to create a legal entity and for that business must
specify the type of business such as Sole Trader, Partnership, Limited Liability
Partnership, PLC. Through this, company can typically transit business affairs to set
appropriate process (INTRODUCTION TO THE LEGAL FRAMEWORK, n.d).
Information about the company: Every organization can become a legal entity if states
information about capital invested, name of shareholders and stakeholders etc. This
comes to an important decision where business must specify itself with a name.
Shareholders, directors and stakeholders: While forming the company, it is mandatory
to state who the board members of the firm are and what will be their profit and loss
sharing ratio (How to: register a company in the UK, 2012).
However in case of dissolution, specific legal formalities should be fulfilled under Section
1003 of the Companies Act 2006 (Gestel and Nyberg, 2009). The business who wants to get
dissolved needs to meet following requirements:
Final auditing of the reports: Conduction of final auditing is required as that only
specifies that business is unable to operate in future time period.
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
Address business debts: While dissolution, it is essential to specify debts and liabilities so
that assets can be sold out for paying the amount of debts. Legal framework of UK states
that business has to recover debts before dissolution (How to close company, 2012).
Mutual consent of all shareholders: All the shareholders must be informed about the
dissolution and the process cannot be called as complete if it does not have share holder’s
concern.
TASK 13 ANALYSIS OF STRUCTURE AND PROCESS USED TO DETERMINE
RESPONSIBILITIES AND CONTROL WITHIN REGISTERED COMPANY
All the processes of business must be legally concerned and under all actions, they should
conduct activities in appropriate manner. All the businesses must involve share and stakeholders
as they are the important parts of organization (Blaževic and Jelušic, 2006). The top management
is also required to manage ethical and legal entity in business processes for becoming legal
entity. In order to operate business smoothly, it is requisite to set vision, mission and objective
and all that should be communicated adequately within the organizational members. The
businesses are also directed to undertake adequate decision making process and that should be
transparent so that legal framework can be maintained (Todd, 2013). Legal framework of EU
also directs code of conducts and according to that, legal processes can be managed. As per the
legal laws, it is essential for the companies to consider interest of all stakeholders so that
business growth and success opportunities can be maintained. Apart from such concerns, it is
also crucial to plan and prepare everything for business management.
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
REFERENCES Books
Capon, C., 2009. Understanding the Business Environment. Financial Times Prentice Hall.
Fernando, C. A., 2011. Business Environment. Pearson Education India.
Goyal, A and Goyal, M., 2002. Business Environment. VK Publications.
Jain, T. R and et.al., 2002. Business Environment. FK Publication.
Kew, J. and Stredwick, J., 2005. Business Environment: Managing in a Strategic Context. CIPD
Publishing.
Pizam, A., 2010. International Encyclopedia of Hospitality Management. Butterworth-
Heinemann.
Shaikh, S., 2010. Business Environment. 2nd ed. Pearson Education India.
Journals
Allen, D. and Raynor, E. M., 2004. Preparing for a new global business environment: divided
and disorderly or integrated and harmonious?.Journal of Business Strategy.25(5).pp.16 –
25.
Blaževic, B. and Jelušic, A., 2006. Modelling regional economic development. Kybernetes.
35(7/8). pp.1190 – 1202.
Gani, A., 2011. The effect of business environment on trade in Gulf Cooperation Council
countries. Journal of International Trade Law and Policy. 10(3). pp.200 –212.
Gestel, N. and Nyberg, D., 2009. Translating national policy changes into local HRM practices.
Personnel Review. 38(5). pp.544 -559.
Jackson, J., Cunningham, I. and Dutton, A., 2001. The impact of the Employment Relations Act
1999 on Scotland’s voluntary sector. Employee Relations. 23(3). pp.256 – 270.
Jamali, D., Khoury, G. and Sahyoun, H., 2006. From bureaucratic organizations to learning
organizations: An evolutionary roadmap. Learning Organization. 3(4).337–352.
Kourteli, L., 2000. Scanning the business environment: some conceptual issues. Benchmarking:
An International Journal. 7(5). pp.406 – 413.
Mason, R. B., 2007. The external environment's effect on management and strategy: A
complexity theory approach. Management Decision. 45(1). pp.10 – 28.
Toll Free No: +1 213-929-5632
E-mail: [email protected]
Get best Mass Communication Essay Writing Service by the expert writers of Instant Essay Writing, we provide top notch quality academic writing services to students.
Online
Hall, S., 2013. The Implications of Fiscal Policy and Monetary Policy to Business. [Online].
Available through: <http://www.ehow.com/facts_6899691_implications-policy-monetary-
policy-business.html>. [Accessed on 19 November 2014].
Sample Report on External Business
Environment
For Complete Essay Writing
Kindly Mail us at: