Business Environment
Business Environment Assignment - British Airways
introductionThe business environment of any organization is made up of various different elements and is further influenced by many factors. Some of these factors are under the control of the organization, while many others are not. The decision-making process of any organization depends heavily on such factors and the business organization needs to formulate sufficient strategies to maximize profit with the existing business environment. As the business environment is changing fast in all industries, it is equally important for business organizations to develop adequate strategies and decisions and then implementing strategies quickly.
In the submitted paper, the commercial atmosphere of British Airways is analyzed for various factors that affect the organization (Andres, 1989). The paper also analyzes the organization's organizational structure as well as the processing allocation process affecting factors. The impact of various local and global factors on British Airways' organizational decision making process has been assessed in this paper. This paper also evaluates and sheds some light on the organization's corporate social responsibility (CSR) factors.
task 1
Identify the objectives of different types of organization
Organizations are formed on the basis of a social agreement that occurs among different stakeholders in an organization, which collectively strive to achieve an organizational goal (Worthington and Britain, 2006). In the general business context, the policies and decisions of a business organization are influenced by the environment, but the organization itself is different from the environment.
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At present, there are several types of organizations present. Organizations can be broadly classified into the following five categories:
Commercial organization: Such organization remains functional in business environment with the aim of achieving financial success. The decision making process in such an organization is focused on high revenues.
Nonprofit Organizations: Unlike business type business organizations, the nonprofit organization has no purpose to make profit from its practices, instead, they serve for the purpose of helping others and community services.
Public sector organizations: Active organizations in the public sector are usually owned and ruled by local governments (state or federal). Such organizations usually have a self-supporting business model (Bowe? E and Thill, 2000). In most cases, the purpose of such organizations is to provide government services to the general public.
NGO: NGOs are different from the way of business of a commercial organization because these organizations are not involved in any type of business activity. The services provided by such organizations depend primarily on volunteers and public funds. The objective of the NGO is to support a social cause in most cases.
Co-operative organization: In a cooperative organization, the governing authority is distributed equally among its members. Such organization adheres to the concept of democracy in the decision-making process.
Describe the limitations of an organization to meet the objectives of different stakeholders
The objective of British Airways is to ensure that with its business activities, it is meeting with the needs of its stakeholders. In the case of British Airways, the company has different stakeholders as described below:
Company employees: British Airways has a responsibility to their employees to provide them with a safe workplace environment and a competitive and motivational business environment. Following the global standards of workplace safety the organization fulfills its responsibilities, and engages in activities of skill development for its employees.
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Shareholders of the company: The purpose of the company's shareholders is to make profits from the company's growth. British Airways addresses the needs of their shareholders to develop effective business strategies that allow the organization to grow in the short term as well as in the long term.
Client: The responsibility of British Airways for its various clients is fair value for services, transparency and high security, which provides it (Lancsen, Luce and van den Berghey, 2005). The company provides these facilities to the customer and ensures that the global standards for the safety of the passengers are strictly followed.
Society: British Airways is involved in a group of different airline companies, which facilitates self-regulation to ensure that the services offered are adequately suitable and safe based on ethical considerations.
Explain the responsibilities of an organization and strategies planned to fulfill them
As an organization, British Airways has many different corporate social responsibilities
Business environment of any organization Some of these factors are in control of the organization, while many others are not. The decision making process of any organization can be heavier on such factors and adequate strategies.
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