assignment business environment

1.2 Understanding the Business Environment

• What are the sectors of the business environment, and how do changes in them influence business decisions?

Businesses do not operate in a vacuum but rather in a dynamic environment that has a direct influence on how they operate and whether they will achieve their objectives. This external business environment is composed of numerous outside organizations and forces that we can group into seven key subenvironments, as Exhibit 1.4 illustrates: economic, political and legal, demographic, social, competitive, global, and technological. Each of these sectors creates a unique set of challenges and opportunities for businesses.

Business owners and managers have a great deal of control over the internal environment of business, which covers day-to-day decisions. They choose the supplies they purchase, which employees they hire, the products they sell, and where they sell those products. They use their skills and resources to create goods and services that will satisfy existing and prospective customers. However, the external environmental conditions that affect a business are generally beyond the control of management and change constantly. To compete successfully, business owners and managers must continuously study the environment and adapt their businesses accordingly.

Other forces, such as natural disasters, can also have a major impact on businesses. While still in the rebuilding stage after Hurricane Katrina hit in 2005, the U.S. Gulf Coast suffered another disaster in April 2010 as a result of an explosion on the Deepwater Horizon oil-rig, which killed 11 workers and sent more than 3 million barrels of oil into the Gulf of Mexico. This event, which played out for more than 87 days, severely affected the environment, businesses, tourism, and people’s livelihoods. Global oil conglomerate BP, which was responsible for the oil spill, has spent more than $60 billion in response to the disaster and cleanup. Seven years after the explosion, tourism and other businesses are slowly recovering, although scientists are not certain about the long-term environmental consequences of the oil spill. 7

No one business is large or powerful enough to create major changes in the external environment. Thus, managers are primarily adapters to, rather than agents of, change. Global competition is basically an uncontrollable element in the external environment. In some situations, however, a firm can influence external events through its strategies. For example, major U.S. pharmaceutical companies have been successful in getting the Food and Drug Administration (FDA) to speed up the approval process for new drugs. 8 In recent years, the five largest companies in the S&P Index— Google , Facebook , Amazon , Microsoft , and Apple —have spent close to $50 million on lobbying activities in the nation’s capital in an effort to help policy makers understand the tech industry and the importance of innovation and an “open” internet. 9 Let’s now take a brief look at these varied environmental influences.

Economic Influences

This category is one of the most important external influences on businesses. Fluctuations in the level of economic activity create business cycles that affect businesses and individuals in many ways. When the economy is growing, for example, unemployment rates are low, and income levels rise. Inflation and interest rates are other areas that change according to economic activity. Through the policies it sets, such as taxes and interest rate levels, a government attempts to stimulate or curtail the level of economic activity. In addition, the forces of supply and demand determine how prices and quantities of goods and services behave in a free market.

Political and Legal Influences

The political climate of a country is another critical factor for managers to consider in day-to-day business operations. The amount of government activity, the types of laws it passes, and the general political stability of a government are three components of political climate. For example, a multinational company such as General Electric will evaluate the political climate of a country before deciding to locate a plant there. Is the government stable, or might a coup disrupt the country? How restrictive are the regulations for foreign businesses, including foreign ownership of business property and taxation? Import tariffs, quotas, and export restrictions also must be taken into account.

In the United States, laws passed by Congress and the many regulatory agencies cover such areas as competition, minimum wages, environmental protection, worker safety, and copyrights and patents. For example, Congress passed the Telecommunications Act of 1996 to deregulate the telecommunications industry. As a result, competition increased and new opportunities arose as traditional boundaries between service providers blurred. Today the dramatic growth in mobile technology has changed the focus of telecommunications, which now faces challenges related to broadband access and speed, content streaming, and much-needed improvements in network infrastructure to address ever-increasing data transmissions. 10

Federal agencies play a significant role in business operations. When Pfizer wants to bring a new medication for heart disease to market, it must follow the procedures set by the Food and Drug Administration for testing and clinical trials and secure FDA approval. Before issuing stock, Pfizer must register the securities with the Securities and Exchange Commission . The Federal Trade Commission will penalize Pfizer if its advertisements promoting the drug’s benefits are misleading. These are just a few ways the political and legal environment affect business decisions.

States and local governments also exert control over businesses—imposing taxes, issuing corporate charters and business licenses, setting zoning ordinances, and similar regulations. We discuss the legal environment in greater detail in a separate appendix.

Demographic Factors

Demographic factors are an uncontrollable factor in the business environment and extremely important to managers. Demography is the study of people’s vital statistics, such as their age, gender, race and ethnicity, and location. Demographics help companies define the markets for their products and also determine the size and composition of the workforce. You’ll encounter demographics as you continue your study of business.

Demographics are at the heart of many business decisions. Businesses today must deal with the unique shopping preferences of different generations, which each require marketing approaches and goods and services targeted to their needs. For example, the more than 75 million members of the millennial generation were born between 1981 and 1997. In 2017 they surpassed baby boomers as America’s largest generation. 11 The marketing impact of millennials continues to be immense. These are technologically savvy and prosperous young people, with hundreds of billions of dollars to spend. And spend they do—freely, even though they haven’t yet reached their peak income and spending years. 12 Other age groups, such as Generation X—people born between 1965 and 1980—and the baby boomers—born between 1946 and 1964—have their own spending patterns. Many boomers nearing retirement have money and are willing to spend it on their health, their comforts, leisure pursuits, and cars. As the population ages, businesses are offering more products that appeal to middle-aged and senior markets. 13

In addition, minorities represent more than 38 percent of the total population, with immigration bringing millions of new residents to the country over the past several decades. By 2060 the U.S. Census Bureau projects the minority population to increase to 56 percent of the total U.S. population. 14 Companies recognize the value of hiring a diverse workforce that reflects our society. Minorities’ buying power has increased significantly as well, and companies are developing products and marketing campaigns that target different ethnic groups.

Social Factors

Social factors—our attitudes, values, ethics, and lifestyles—influence what, how, where, and when people purchase products or services. They are difficult to predict, define, and measure because they can be very subjective. They also change as people move through different life stages. People of all ages have a broader range of interests, defying traditional consumer profiles. They also experience a “poverty of time” and seek ways to gain more control over their time. Changing roles have brought more women into the workforce. This development is increasing family incomes, heightening demand for time-saving goods and services, changing family shopping patterns, and impacting individuals’ ability to achieve a work-life balance. In addition, a renewed emphasis on ethical behavior within organizations at all levels of the company has managers and employees alike searching for the right approach when it comes to gender inequality, sexual harassment, and other social behaviors that impact the potential for a business’s continued success.

Managing Change

Balancing comes easy at h&r block.

In an industry driven by deadlines and details, it’s hard to imagine striking a balance between work and everyday life for full-time employees and seasonal staff. Fortunately, the management team at H&R Block not only believes in maintaining a strong culture, it also tries to offer flexibility to its more than 70,000 employees and seasonal workers in 12,000 retail offices worldwide.

Based in Kansas City, Missouri, and built on a culture of providing exceptional customer service, H&R Block was recently named the top U.S. business with the best work-life balance by online job search site Indeed. Analyzing more than 10 million company reviews by employees, Indeed researchers identified the top 20 firms with the best work-life balance. H&R Block headed the 2017 list, followed by mortgage lender Network Capital Funding Corporation , fast food chain In-N-Out Burger , Texas food retailer H-E-B , and health services company Kaiser Permanente , among others.

According to Paul Wolfe, Indeed’s senior vice president of human resources, empathy on the part of organizations is a key factor in helping employees achieve balance. Wolfe says companies that demonstrate empathy and work diligently to provide personal time for all employees tend to take the top spots on the work-life balance list. “Comments we have seen from employee reviews for these companies indicate ‘fair’ and ‘flexible work environments,’” he says. Surprisingly, none of the tech companies known for their generous work perks made the top 20 list in 2017.

In this 24/7 world, when no one is far from a text or tweet, finding time for both family and work can be difficult, especially in the tax services industry, which is so schedule driven for a good part of the year. Making a commitment to help workers achieve a healthy work-life balance not only helps its employees, but it also helps H&R Block retain workers in a tight labor market where individuals continue to have choices when it comes to where and for whom they want to work.

• How does management’s support of employee work-life balance help the company’s bottom line?
• What can other organizations learn from H&R Block when it comes to offering employee perks that encourage personal time for workers even during the busy tax season?

Sources: “Career Opportunities,” https://www.hrblock.com, accessed May 25, 2017; “About Us,” http://newsroom.hrblock.com, accessed May 25, 2017; Abigail Hess, “The 20 Best Companies for Work-Life Balance,” CNBC, http://www.cnbc.com, May 4, 2017; Kristen Bahler, “The 20 Best Companies for Work-Life Balance,” Money, http://time.com, April 20, 2017; Rachel Ritlop, “3 Benefits Companies Can Provide to Boost Work-Life Balance,” Forbes, http://www.forbes.com, January 30, 2017.

The application of technology can stimulate growth under capitalism or any other economic system. Technology is the application of science and engineering skills and knowledge to solve production and organizational problems. New equipment and software that improve productivity and reduce costs can be among a company’s most valuable assets. Productivity is the amount of goods and services one worker can produce. Our ability as a nation to maintain and build wealth depends in large part on the speed and effectiveness with which we use technology—to invent and adapt more efficient equipment to improve manufacturing productivity, to develop new products, and to process information and make it instantly available across the organization and to suppliers and customers.

Many U.S. businesses, large and small, use technology to create change, improve efficiencies, and streamline operations. For example, advances in cloud computing provide businesses with the ability to access and store data without running applications or programs housed on a physical computer or server in their offices. Such applications and programs can now be accessed through the internet. Mobile technology allows businesses to communicate with employees, customers, suppliers, and others at the swipe of a tablet or smartphone screen. Robots help businesses automate repetitive tasks that free up workers to focus on more knowledge-based tasks critical to business operations. 15

Concept Check

• Define the components of the internal and the external business environments.
• What factors within the economic environment affect businesses?
• Why do demographic shifts and technological developments create both challenges and new opportunities for business?

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Want to cite, share, or modify this book? This book uses the Creative Commons Attribution License and you must attribute OpenStax.

Access for free at https://openstax.org/books/introduction-business/pages/1-introduction

• Authors: Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt
• Publisher/website: OpenStax
• Book title: Introduction to Business
• Publication date: Sep 19, 2018
• Location: Houston, Texas
• Book URL: https://openstax.org/books/introduction-business/pages/1-introduction
• Section URL: https://openstax.org/books/introduction-business/pages/1-2-understanding-the-business-environment

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Business Environment Assignment: Analysis of different types of companies their size and scopes

An organisation can be of different types and size. According to the size and sectors, the scope of the companies varies. In Business Environment Assignment, a brief analysis of different types of companies, their size and scope

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Growth in the Face of Industry Decline: A Case Study of Le Télégramme, French Regional Newspaper by Philippe Wallez, Université Aix-Marseille, France and JB Lesourd, Professor Emeritus, Aix-Marseille University Abstract The case of Le Télégramme, a French local newspaper based in Brittany (NW France), is quite exceptional. Starting from 80,000 paid-copies in 1944, only on one market which is the Finistère département, (“metropolitan” France is divided into 96 départements of various sizes), it has increased its circulation year after year reaching the 200,000 mark in 2014, while operating in three départements. This feat is unique in the French industry. The profit margin has been reduced over the last few years, due to the shrinking advertising revenues as a consequence of the disruptive innovation of the digital platforms. However the group has always been profitable to various scales. It has expanded and then maintained its staff of journalists, it chose to. because it is operating in a competitive market (1.1 million households) in a duopoly with Ouest-France, the leading daily newspaper in France. Two categories of reasons may explain this remarkable resilience. Endogenous: the business model is relevant, the management of the group is safe and cautious when most regional newspapers are indebted to finance the transition print/web. Exogeneous: Le Télégramme is connected so far to its market, fulfilling many conditions regarding the appetence for local news. The features of this market are the following: community-bounded, with a strong shared identity, high level of educational attainment, favorable economic situation. But this relative prosperity might be fragile. In 2014, a few years after many other protagonists, the group has erected a paywall Keywords: Business model -Le Télégramme – Community - Proximity- Diversification - Competition - Spin-off – Connection to market

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• Business Environment: Meaning, Definition, Components, Dimension, Importance, and Impacts

Meaning of Business Environment

The term “Business environment” represents the sum of all the individuals, institutions, competing organisations, government, courts, media, investors, and other factors outside the power of the business organisations but affects the business performance. Hence, changes in government economic policies, rapid changes in technology, changes in consumer tastes and preferences, increasing market competition, etc. are outside the business organisations' power but affect the business performance immensely.

For example, an increase in taxes by the government makes everything expensive in the market; technology changes may make the existing product obsolete, political uncertainty creates fear in the mind of investors, increase in competition in the market due to competitors may affect business profit, and changing in demand and preferences may increase the need for a new product and decrease the demand for old product.

Business Environment Definition

The term “Business environment " is the sum of all conditions, events, and influences that surround and affect business activities and growth.

Components of Business Environment

Internal - It combines the factors that exist within the company. These are –

Human resources

Value system

Vision and mission

Labour union

Corporate culture

External - An external Environment includes those outside factors that exercise an influence on a business’s operations. It is further classified into two segments.

Macro - Socio-cultural, political, legal, and global factors fall into this category.

Micro - This environment has a direct and immediate impact on a business. It consists of customers, investors, suppliers, etc. 

Features of Business Environment

The business environment is the sum of all external factors that affect its growth.

The business environment includes both general and specific forces. Specific forces include investors, customers, competitors, and suppliers. These factors affect individual enterprises directly and immediately in their day-to-day working. General forces include social, political, legal, and technological conditions. The general forces affect the business environment individually.

The business environment is dynamic.

The business environment is highly uncertain.

The business environment is a relative concept as it differs from country to country and even region to region.

Dimensions of Business Environment

The dimension of the business environment refers to the sum of all factors, enterprises, and forces that constitute direct or indirect influence over business activities. Such five key elements are listed below. 

Social Environment 

It implies the tradition, culture, customs, and values of a society in which the business exists. 

Tradition: In India, festivals like Diwali, Christmas, and Holi provide a financial opportunity for several market segments like sweet manufacturers, gifting products suppliers, etc. 

Value: A company that follows long-held values like social justice, freedom, equal opportunities, gender equality, etc. excels in that given society.

Recurrent Trends: It refers to development or general changes in a society like consumption habits, fitness awareness, literacy rate, etc. which influence a business. For example, the demand for organic vegetables and gluten-free food is increasing; therefore, companies that manufacture food items keep this in mind to attract more crowds. 

2. Legal Environment 

It includes the laws, rules, regulations, and acts passed by the government. A company has to operate by abiding by the rules and regulations of laws like the Consumer Protection Act 1986, Companies Act 1956, etc. A proper understanding of these laws assists in the smooth operations of a company. 

Example: A cigarette-selling company compulsorily has to put the slogan “smoking is injurious to health” on every packaging.   

Economic Environment 

It involves market conditions, consumer needs, interest rate, inflation rate, economic policies, etc. 

Interest Rate - For example, interest rates of fixed-income instruments prevalent in an economic environment impact the interest rate it will offer on its debentures.

Inflation Rate - A rise in the inflation rate leads to a price hike; hence, it limits businesses. 

Customer’s Income - If the income of customers increases, the demand for goods and services will rise too. 

Economic Policies - Policies like corporate tax rate, export duty, and import duty influence a business.

Political Environment 

It consists of forces like the government's attitudes towards businesses, ease-of-doing-business policies, the stability of the governing body, and peace within the country. All of these factors are extremely crucial for a company to sustain itself.  If the central and local government sanctions, policies, or acts are in favour of businesses, the nation's overall economy strengthens due to increasing employment, productivity, and import and export of various products. 

Example - A pro-business government will make foreign investments more attractive in that country.   

Technological Environment

It comprises the knowledge of the latest technological advancements and scientific innovations to improve the quality and relevance of goods and services. 

A company that regularly keeps track of these news can mould its business strategies accordingly.

Example: A Watch Company that sells smartwatches and traditional watches will prosper as smartwatches are trendy recently. 

Practice Questions on Business Environment Dimensions with Answers

____________ consists of economic conditions, economic policies, industrial policies, and economic systems.

Business Environment

Economic Environment

Natural Environment

None of the above

Ans. b) 

The External Environment of business is 

Demographic

All of these

Importance of Business Environment

The business environment and its  importance are necessary for the following reasons:

Enabling the identification of opportunities and taking immediate steps to explore the benefits. 

Helping identify threats and early warning signals

To cope with the immediate changes.

Support in planning and policy.

Improving the business performance. 

Impact of Government Policies on Business and  Industry

The different policies of the government, including liberalisation, privatisation, and globalisation, immensely impacts the working of enterprises in business and industry in terms of:  

Increasing competition

More demanding customers

Rapidly changing technological environment

Necessity for change

Need for developing human resource 

Market orientation

Loss of budgetary support to the public sector.

FAQs on Business Environment: Meaning, Definition, Components, Dimension, Importance, and Impacts

1. Why is the business environment important?

The business environment provides several opportunities, and it is essential to identify them to improve a business's growth and performance. Early identification of opportunity helps an enterprise be the first to explore benefits instead of losing them to competitors.

2. What does Micro Environment mean?

Micro Environment relates to the immediate factors that influence the direct and daily operations of a business. It is also called the task Environment. It includes suppliers, customers, etc.

3. Who are the major players in the Business Environment?

The major players in the business environment include competitors, suppliers, investors, customers, media, government, economic conditions, and several other external working factors. 

4. What are the five main elements of the business environment?

The five main elements of the business environment include the following:

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Business Environment Assignment Help Samples by Experts

Introduction A business environment assignment evaluates internal and external factors that impact thoroughly on a company’s business functions, including stakeholder management, supply and demand management, etc, eventually gives rise to a concept called business environment.Yu and Ramanathan have suggested that it is quite essential to conduct study on business environment to facilitate the dispersion of knowledge about business environment, helping practitioners understand the importance of the concept in a thorough manner. The present study has been conducted on Iceland Foods Ltd adhering to the belief that a study on the business environment of the concerned company will pave the way for better understanding of the internal and external factors that impact on businesses and their progress and development. Iceland Foods Ltd (Iceland Foods) is a supermarket chain operating in the UK, having an approximate market share of 1.8 percent in the UK food market. Iceland Foods operate in a competitive market and it has specialized in selling frozen meats and vegetables. This paper is going to ascertain the decision-making process followed by Iceland Foods and its business practices. The paper will also discuss about the company’s stakeholder management policies. Moreover, the paper will also discuss how concentrating on a wide market has been advantageous for the company.

Understand the organizational purposes of businesses

1.1 Identify the various types and purposes of different business organizations Business environment assignment review different types of business entities that operate within a particular economy, including sole proprietorship, partnership, and publicly listed company. Sole proprietorship businesses usually operate at a small scale and are basically owned and controlled by a single individual (the owner) who takes the sole responsibility of managing the business operations and their outcomes. Partnerships, on the other hand, denote the business model which is owned and controlled by two or more individuals acting as partners. These individuals manage business operations and activities on a mutual basis and they share all the profits and losses incurred through performing the business activities. Publicly listed companies are business units that are managed by a particular body of top management individuals and are owned by shareholders. In such a business model the real owners are the shareholders.

Iceland Foods is a private retail business entity selling different types of foods to the consumers. The company started operating in 1969 and gradually it continued to establish itself as a supermarket chain. Yannelis (2004) has observed that Iceland Foods not only operate within the UK market but it also has established trade relationships with retailers based in Spain. It has also been observed that the company has always strived to sustain its service quality in order to prevent loyal customers from switching to other supermarket/retail chains operating in the UK.

1.2 Describe the various stakeholders and how an organization could meet their objectives By the dint of the support of the stakeholders the management of Iceland Foods has been able to sustain its reputation as a great supermarket chain. The primary stakeholders of Iceland Foods are its customers, its employees, its shareholders, and its suppliers. The top management of Iceland Foods has understood the basic truth that fulfilling the needs and objectives of stakeholders is the primary way to enhance business resources in an explicit manner (Drew and Sriskandarajah, 2006). Till date the company has been successful in meeting the expectations of its customers and this has paved the way for the company to sustain its leadership within the UK market. Apart from delivery, service and product quality, Iceland Foods has always strived for protecting the interests of the customers in a fair and legitimate manner. Parkin (2002) has observed that since its inception, Iceland Foods has continued to focus on bettering the quality of its services in a thorough manner.

One of the primary resources of Iceland Foods is its employees. The employees are the key to the company’s success in the revenue earning process throughout the year. The top management of Iceland Foods has always put much emphasis in safeguarding the interests of the employees in order to keep them motivated and productive. Shaikh (2010) has suggested that if a company strives for accomplishing overall success then it has to put much emphasis on managing employee diversity. This key note has been thoroughly followed by Iceland Foods. It should be noted that the business environment in Iceland Foods is one of collaboration and participation. In this respect one must take into account the fact that all the shareholders of Iceland Foods participate in the company’s decision-making process and they also act as the advisory body. It has also been observed that the management of Iceland Foods has succeeded in establishing good relationship with the suppliers and this has also contributed to proper resource allocation within the company. The company has different stakeholders. The banks/creditors are the stakeholders that provide the company with financial aid. Iceland Foods take loan from those stakeholders and strives for repaying the same in a timely manner. Shareholders are those stakeholders who own the company’s business and the primary objective of the company is to ensure that the shareholders receive the maximum return on their investment. Iceland Foods’ employees are also major stakeholders. Without them the company cannot achieve business success. It has been observed that Iceland Foods always strives for meeting the needs and requirements of the employees owing to the goal of keeping the employees motivated and productive. Government is also a stakeholder and one of the primary objectives of Iceland Foods is to ensure that the company’s financial statements are clear and transparent so that the government has nothing to blame the company for any regulatory non-compliance.

Following is the stakeholder matrix for Iceland Foods:

1.3 Explain the various responsibilities of an organization along with ways of fulfilling them To gain competitive advantage and to maintain sustainability in the business, the management at Iceland Foods has shown its accountability. Again and again the company has made clear its intention to meet the expectations of the stakeholders in order to derive both short-term and long-term benefits. Parkin (2002) has noted that stakeholders should be provided with considerable benefits in the form of dividends and other financial and non-financial services, and Iceland Foods has succeeded in adhering to such notion. Proper disclosure of business operations and financial accounts has been a key process that has been embraced by Iceland Foods in a thorough manner in order to remain accountable and responsible to the stakeholders, both internal and external. Iceland Foods is, from the beginning, engaged in delivering certain food products to the customers and that is one primary reason why the business has always been in the need of maintaining service quality to the optimum level (Gabriel, 2004).

Iceland Foods has always been an equal opportunity employer and this stance has helped the management at the company to keep the employees motivated in a thorough manner. Such approach has also helped the company to keep the employees productive and to keep their morale high throughout their employment tenure. At Iceland Foods several activities are performed related to employee welfare and this has also added to the degree of transparency that is quite visible in the communication processes between the management and the employees. Moreover, the management at Iceland Foods observes the clauses mentioned in the Disability Discrimination Act in a thorough manner and this has also ensured employee motivation, progress, and productivity. Owing to such adherences there is a void of discrimination in Iceland Foods (Nimwegen et al., 2008). The business environment assignment also reviews how that Iceland Foods operates and performs its business quite ethically. Resources are equally distributed among the stakeholders, and such resource allocation has attracted myriads of suppliers who continue to provide sufficient raw materials to Iceland Foods, helping the business run smoother. Such contribution from the suppliers is a key to successful management of demand and supply aspects (Fernando, 2011).

Understand the nature of the national environment in which businesses operates

2.1 Explain how economic systems attempt to allocate resources effectively It has been often observed that the command economic system fits to the needs of different stakeholders in different situations. It is owing to the very nature of the command economy that such adaptability is sustained. In the command economy the ruling bodies operate the entire economy and are entitled to take financial decisions for different economic aspects. It has been noted that in order to survive the vagaries of a competitive market it is often essential for business entities to consider legal rules and norms in order to avoid non-compliance (Economic System, 2013). There is another category of economic system which is known as free enterprise system where the power of the ruling parties is lesser compared to the command economy. Government bodies often take control of such a mode of economic system and Yannelis (2004) has observed that countries like the US, Canada, Japan and Germany have adhered to the free enterprise economic arrangement in a thorough manner. Then there is the transitional economy in which a country plans to adopt to market economic culture derived from a command economy arrangement. This kind of economy is a transitional economy in which transformation from public to private approaches takes place. Such economic arrangement promotes privatization in a wholesome manner. The mixed economic system, on the other hand is a system in which the entire economic setup is infused with interferences from both public and private entities. A good example of countries resorting to such economic arrangement includes UK, India, and Russia (Matthews, 2005). It is quite noteworthy that whatever might be the economic arrangement, there are certain political and social constructs that influence the decision of a government in terms of resorting to a particular economic system in a particular situation. But what has been observed is that; on many occasions governments and private entities strive for resorting to those economic systems that pave the way for waste-reduction so that profit margin ratios can be enhanced in a thorough manner. It is owing to such inclination that it has been found that Iceland Foods has resorted to the mixed economic structure where there is a need of government intervention in order to manage the flow and distribution of resources (Nimwegen et al., 2008).

The problem of determining what to actually produce, which is faced by almost every economic system, is also an issue that has to be taken into consideration while analyzing the economic approach of Iceland Foods. Every nation is limited in terms of resources like raw materials, and according to such limitation that a country has to decide what to produce and what to not. This factor comes to play a crucial role in terms of decision-making on the part of the management of Iceland Foods. Also, how to produce something is yet another issue that has to be taken into consideration by any economic system prevalent in any country. Whether the old manufacturing processes should be continued or innovation should be introduced are the concerns that have to be emphasized by business entities, and in this regard Iceland Foods is no exception. Whether the system of production will be labor intensive or capital intensive is yet another decision that the management of Iceland Foods has to take in the right manner. Also, Iceland Foods has to decide for whom to produce or for whom to serve. Every economy and every business entity is faced with the problem of determining the target audience and the target consumer segment initially, and this problem has also been faced by Iceland Foods. It is by solving such a problem that a business entity can eventually enhance its revenue earning prospects in the long-run.

2.2 Assess the impact of fiscal and monetary policy on business organization and their activities There are some basic differences between fiscal and monetary policies. If fiscal policy denotes the process in which tax rates are determined and budget are prepared along with investment decision through the PPP model then monetary policy refers to the process that is enacted to control money supply in a particular economy. It has been observed that quite often Iceland Foods has been faced with certain difficulties owing to the monetary policies enacted by the UK government. In this respect it must be noted that changing of interest rates has often hampered pricing decisions of Iceland Foods on several occasions. On the other hand, fiscal policies, which have the potential to enhance the economic growth of a nation (Mason, 2007), have often helped Iceland Foods to regain its financial health in a thorough manner. It has also been seen that fiscal policy of the UK government has played a crucial role in enhancing the business of Iceland Foods. It is due to the fact that fiscal policy is related to budgetary aspects which often determine the financial capacity of a business entity in its entirety. In this respect it must be noted that the budgetary aspects of Iceland Foods have always allowed the company to allocate and distribute its resources among different stakeholders and business activities in an accurate manner, enhancing its chances to sustain its market hold both in the short- and long-run. Moreover, the fiscal policy of the company has helped its management to determine the tax ration and the tax ratio’s eventual contribution to the company’s profit maximization process (Mariappanadar, 2012).

2.3 Evaluate the impact of competition policy and regulatory mechanisms on the activities of Iceland supermarket The business environment assignment observes that being compliant with the rules and laws of the land, Iceland Foods operates as per the clauses conveyed by the Office of Fair Trading. This practice has also ensured that the customers of Iceland Foods are protected and safeguarded from fraudulent activities and from violation of customer rights. Fair trade and fair competition has been at the core of the business practices at Iceland Foods and this has also enhanced the business propositions and opportunities for the company in a thorough manner. Moreover, such practice has also placed the company in a strong position in the legal context (Joardar, Kostova and Wu, 2014). Besides, Iceland Food also goes by the regulations prescribed by Competition Commission, which is a public body assisting in managing investment. Such adherences have transformed Iceland Foods into a business entity which is competent enough to safeguard the interests of the stakeholders including the shareholders, employees, consumers, and the government. Also, quite interestingly, to uphold its business ethics and in order to sustain its market reputation, Iceland Foods also goes by the norms defined by the European Commission in the sphere of promoting ethics in regular business activities. This has again ensured that Iceland Foods resorts to healthy competition and ethical business practices in both the short- and long-run. Moreover, in order to manage transportation processes in a proper manner, Iceland Foods also put much emphasis in following some specific rules underlined by Civil Aviation Authority (Gani, 2011).

Understand the behavior of organizations in their market environment

3.1 Explain how market structure determine the pricing and output decisions of businesses Different market structures influence the way of doing business in different ways. In a duopoly market structure, which is dominated by two sellers, sellers usually have the right to determine the pricing strategy owing to their dominance (Matthews, 2005). But this is not always possible in a market marked by perfect competition because in a perfect competition the number of sellers are higher and owing to this the pricing decision-making power becomes decentralized (Gabriel, 2004). Then there is the monopoly market in which there is only one seller that dominates the market and that determines the price of a product or service. The price rate fluctuates as per the vagaries experienced by the business of the sole seller. Lack of competition here always favors the sole seller (Frynas and Mellahi, 2011). Also, there is the oligopoly market structure in which there are large numbers of suppliers that impact on the decision-making abilities of the sellers. It should be noted that Iceland Foods operate in a market characterized by perfect competition, and that is one primary reason why the company is allowed to trade freely with other countries. It is noteworthy that Iceland Foods responds to market demands and it puts much emphasis on timely supply to sustain the balance in the economy in which it is operating.

3.2 The ways in which market forces shape organizational responses In order to keep up its market potential Iceland Foods must adapt to certain specific competitive strategies. Such strategies are essential to be implemented in order to introduce new products in the market. Demand and supply determines the productivity of a business entity and this truth has been thoroughly emphasized by Iceland Foods. When people have higher purchasing power, the power to buy products increases (Fraser and Pong, 2009). Low purchasing power eventually alleviates the product selling. This phenomenon is quite natural in any given market and to cope with this situation, Iceland Foods strikes a balance between its pricing and marketing strategies. But the presence of substitute products in the UK market has long been an issue of concern for Iceland Foods.

3.3 Judge how business and cultural environment shape the behavior of Iceland supermarket In order to accomplish business success, Iceland Foods has always given much importance to diversity management, and this has also enhanced its customer relationships both in the short- and long-run. Moreover, certain political factors have also influenced the business strategies at Iceland Foods, making the business entity more competitive in nature. Moreover, rules and regulations have also impacted largely on the decision-making processes embraced by Iceland Foods (Fernando, 2011). In order to accomplish its business objectives Iceland Foods has continued to put emphasis on the process of upholding cultural differences so that customers from different cultures can be benefitted and properly served. Employees belonging to different cultures (at Iceland Foods) also are benefitted by this diversity management policy of Iceland Foods. Craig and Campbell (2012) have observed that flow of resources in a particular economy determines the rate of enhancement of a business, and this truth is quite applicable to Iceland Foods. Moreover, it has to be noted that Iceland Foods has put into use technology and innovation in a thorough manner and this has provided much support to its business advancement endeavors (Erixon, 2011). Furthermore, the market success of Iceland Foods owes to the fact that the company is environment conscious. This can be argued by citing the fact that the company is quite vigilant towards resource wastage reduction and it has also helped the company to add value to its business (Gabriel, 2004).

Be able to assess the significance of the global factors that shape national business activities

The business environment assignment significance of international trade to UK business organizations Like any other business entity; business entities in UK strive for entering into trade relationships with foreign nations in order to enhance their profit-making chances through the process of business expansion. Moreover, it has to be noted that embarking on international business means allowing oneself the opportunity to gain more profits and to gain more competitive edge (International Trade: Features, Advantages and Disadvantages of International Trade, 2015). In this context it has been observed that international trade has been beneficial thoroughly for Iceland Foods as it has expanded its customer base and it has also paved the way for its expansion to new markets located in foreign lands. This has again resulted in growth in market share for the company which has eventually impacted positively on its business growth and development process as a whole.

Erixon (2011) has observed that international trade renders both positive and negative impacts as it has to do with a business’ market share. In this respect it must be noted that if Iceland Foods strive for expanding more in new markets then it would allow itself the chance of earning more profit and more foreign market reputation. This would help the company to reach new customer segments, paving the way for the enhancement of the revenue-earning process in a steady manner. Also, international trade will improve the service and product quality of Iceland Foods owing to the need of coping with the global competition in the context of maintaining quality (Elsevier, 2013). Moreover, more business expansion will mean more employment opportunity and this can place Iceland Foods to a position of renowned employer on a global basis enhancing its global market reputation.

4.2 Analyze the impact of global factors on Iceland supermarket It is quite natural and usual for business entities entering into foreign trade to face some political, economic and social issues, and the same is quite applicable to Iceland Foods. Though there are certain factors like governmental control, trade policies, etc, that may impact negatively on new players in a foreign market; UK companies have the reputation to overcome such constraints owing to their strong domestic support. Retail companies have succeeded in UK due to the fact that the UK business policies often equip such entities with products and services that help such entities to reach new customer segments (Dettwiler, Lindelof and Lofsten, 2006). Hence, looking at the facts it can be said that while venturing into foreign markets Iceland Foods will have certain benefits.

Apart from political, social and economic issues, Iceland Foods has also to consider technological issues related to innovation. In order to survive the global competition, Iceland Foods has to be more innovative and creative in terms of business productivity and business expansion. The economic condition of UK often changes owing to changing trade policies, and Iceland Foods has to cope with such scenarios in order to flourish in international trade (Mariappanadar, 2012). Moreover, the business environment assignment also reviews how Iceland Foods has to keep up its policy of specializing services and products in the course of conducting international trade in order to enhance employment opportunities in the domestic market and in the foreign market paving the way for the enhancement of its domestic economy to a large extent.

4.3 Evaluate the impact of policies of the European Union on Iceland supermarket The European Union (EU) has been seen to be impacted the trade decisions and positions of myriads of business entities operating within the European boundaries and beyond the same. In this respect it becomes quite valid to think that Iceland Foods would also be impacted by the rules and regulations prescribed by the EU. But there are certain advantages that can be reaped by Iceland Foods if it resorts to the rules and regulations mentioned by the EU in terms of international and domestic trading. For an instance, Iceland Food has the advantage of administering only a single rule despite the fact that there are about 27 rules of export prescribed by the EU. Moreover, if Iceland Foods can adhere to the rules and regulations prescribed by the EU then the company would face less legal issues in the context of practicing foreign trade (Matthews, 2005). Also, it has been observed that an allegiance to EU policies would also help Iceland Foods in penetrating deep into foreign markets without getting much concerned about political and economic constraints. Besides, as EU allows easy entry to European markets, Iceland Foods will surely be benefitted in the context of practicing international trade (Yu and Ramanathan, 2012).

The EU controls the largest market and adhering to its policies, rules, and regulations will only help Iceland Foods to expand more into foreign markets easily. It can be said that adhering to the trade policies underlined by the EU can eventually help Iceland Foods in acquiring more business benefits out of practicing foreign trade. It would also reduce sales tax for Iceland adding to its business benefits. This would generate additional profit for Iceland Foods in the long-run (Craig and Campbell, 2012). Furthermore, a trade liberalization policy of the EU will also help Iceland Foods to expand more profitably in the long-run.

Conclusion It should be said that Iceland Foods has been benefitted by expanding its business both in Britain and in Ireland. Adhering to the EU policies has also made Iceland Foods more capable of expanding its business and earning more profit both in the domestic and foreign markets. Moreover, there are certain strategies that have also helped the company to earn more profit and sustain its market hold and leadership position. In this respect the company’s diversity management policy and strategy deserves special mention. Effective implementation of this strategy has not only motivated its employees to become more productive, but it has also enhanced its customer base to a large extent.

References Craig, T. and Campbell, D., 2012. Organisations and the Business Environment. 2nd ed. Routledge.

Dettwiler, P., Lindelöf, P. and Löfsten, H., 2006. Business environment and property management issues: A study of growth firms in Sweden. Journal of Corporate Real Estate.

Elsevier, B. V., 2013. Business environment, operations strategy, and performance: An empirical study of Singapore manufacturers. Journal of Operations Management.

Erixon, L., 2011. Under the Influence of Traumatic Events, New Ideas, Economic Experts and the Ict Revolution. Emerald Group Publishing Limited 8.

Fernando, C. A., 2011. Business Environment. Pearson Education India.

Fraser, I. and Pong, C., 2009. The future of the external audit function. Managerial Auditing Journal.

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Unit 1 Assignment on Business environment

Introduction

Business environment refers to the business surroundings and include the factors which affects the business. The business environment is the internal as well as the external factors of the companies which affects the functions and the operations of the business. These factors include the employees, customers, managers, supply and demand. Some of the government decisions affect the business.

In this Unit 1 Assignment on Business environment the different organizational environment and the different organizational structure and their impact are discussed. The aim of this assignment is to understand the organizational structures of different organizations and the environment implications and influence of these on the business functions and the structure.

The various advantages and disadvantages of the interrelationships of the organizational functions of the above mentioned organization are discussed below.

Interrelationships of the organizational functions: Interrelationship means the relationship of the functions of the organization and their dependency on achieving the different aims of the organization. The organizations have different departments and these departments have different functions. The functions of the organization together complete the targets and achieve the organizational objectives. The functions and the operations of the organization are interdependent on each other and the chain of command and the chain of responsibility provides the relationship of the organizational functions (Cai, et.al, 2011).

The Arcadia group is the retail clothing company which includes the different activities or the functions of the business organizations. The organization has the marketing, sales, finance and human resource activity which are to be maintained in accordance to achieve the maximum objectives of the organizations. The various advantages of the relationship between the organizational functions are:

• Staffs are maintained by the different functions according to their speciality and the different functions helps to increase the managerial skills and efficiency of the work.
• The company expertise in managing the different activities together and the relationship between the functions helps to provide the better understanding of the functions.
• Employees get the chance to work with others and to understand the different job roles which enhance the skills of the employees (Cai, et.al, 2011).

The various disadvantages of the relationship between the organizational functions are:

• The complexity of the organizational structure can increase and the confusions regarding the job will be created.
• The failure of one function or the operation will lead to its affects on the other functions too which will be a loss to the organization.
• Misunderstanding or the misconception of the different departments and their functions can create the work stoppage or the hurdles in the functions of the organization.

Impact of the organizational functions on the organizational functions:

The organizational structure is the design of the organizational departments and the organizational functions. The organizational structure gets affected by the organizational functions (Song & Singh, 2013).

The organizational structure includes of the different departments of the organization and the different departments of the organization are allotted with the different functions which are motivated towards the achievement of the organizational objectives. The different departments have the various different goals or the aims to achieve. If the one task and the objective are not achieved by the organization department it will affect the whole organization. The structure of the business is designed in a manner to interact within the organizational structure and if any one department fails in the accomplishment of the objectives than the whole organization suffers as they rely on each other. The dependency of the different functions on the organization has the various effects on the organizational structure (Song & Singh, 2013).

Get assignment help from full time dedicated experts of Locus assignments.

(a)The organization chosen is the Arcadia Group which is the retail business of the clothing and the profit organization of UK. The different macro environmental factors impact the organization and the organizational operations or the functions. The various factors affects the organizations are:

• Political - Political impact on the organization or the business is the factor which is related with the political situation of the country. The positive impact of the political factor is that they provide the promotions to the business. And the negative impact of the political factor is that they create the stressed and the intense environment that the business opportunities to grow declines.
• Economical - Economical factor have the crucial impact on the organizations. The negative impact of the economical factors are that the higher inflation rates increases the price of the products and the deflation lower down the profits of the business which affects the organization operations. The positive impact of the economical factors are that they provide the demand and supply analyse to the business which can be controlled.
• Socio-cultural - The socio-cultural factors are those which affects the organization so much. Being the clothing company the Arcadia Group has the affect of the social and cultural background of the country because the company needs to design the products according to the customer’s cultural background and the social background. The organization needs to be very specific in maintaining the cultural values through their products and the vales of the people should not be hurt by the organization to run effectively (Hedin, et.al,  2014).
• Environmental - The environmental factors are the SWOT of the company. The strength, weakness, opportunities and the threats of the organization are the important factors which affects the organization. The organization for better performance and the better position in the business should have a proper analysis of the organization and the strength, weaknesses and opportunities, threats of the organization. This helps to understand the factors that can affect the organization and to cover the aspects and take measures to cope up with these factors.
• Legal - Legal factors are the legal implications of the government that it puts on the country and the business operating in that country gets affected. The tax laws, the import and export policies, the international trade laws and the different laws related with the business or the organization which affect it are the legal factors.
• Ethical - Ethical factors are the factor which affects the organization includes the business ethics. The ethics that the business should maintain are the environment and its protection. The business should have the effective customer satisfaction (Hedin, et.al,  2014).

SWOT analysis is the examination and the assessment of the strength, weakness, opportunities and threats. The SWOT analysis is the assessment of the internal and external factors of the organization which have the influence on the organization and can affect the organization. The SWOT analysis is the factors which plays the positive role if analysed or assessed by the organization. The organizational strength, its weakness, the upcoming opportunities it has and the treats which can affect the organization in future is the SWOT analysis of the organization. The SWOT helps the organization to identify the factors which affect the organization and to find out the strength, weaknesses and the opportunities as well as threats of the organization (OANA & MARIOARA, 2014). The Arcadia group had the SWOT analysis and resulted in:

Strength - The strength refers to the advantageous factor of the organization which can affect the organization in a way that the positive aspects of the organization can be identified. The Arcadia group produces clothes for the women, men and the kids. The strength for the Arcadia group is that it can provide the epic own designs of the products to attract more and more customers. The designs and the quality of the company products are the strength for the company.

Weakness - Weakness is the negative aspect of the company which can affect the company operations and profits adversely. The weakness of the Arcadia group is that it has less no of employees or the staff in compare with the stores which affects the company’s achievement level of the objectives. The prices are also the factors which affect the company (OANA & MARIOARA, 2014).

The external macro factors are the political, economical, social, environmental, technological and legal. The company’s strengths get affected by these factors as these factors are considered non controllable and the political implications or the legal factor or the technological changes affects the organization and its operations and the strengths such as its quality and variety gets affected by this as well as the weakness of the organization such as the employees and others get affected by such implications (OANA & MARIOARA, 2014).

External analysis

• Political - The political factors are the political situation of the country which has the political implications on the businesses of the country. The political parties and their opinions regarding the business and the different types of democracy of the country affect the organizations of the country. The positive impact of the political factor is that they provide the promotions to the business.
• Economical - The economical factor of the organization are the demand and the supply of the country, the competitors and the environments of the different policies such as fiscal policy, monetary policy are included in the economical environment, the inflation and the deflation rates and the interest rates of the country. The economical factor affects the organization operations negatively as well as positively.
• Social - T he socio-cultural factors are the social and cultural background of the country and its people. The social background and the cultural values of the country affect the organization operations (Campbell, et.al, 2014).
• Technological - The technological factors are the factors those which are related with the technologies and the techniques. The organization is affected by the new technologies in the market and the various new techniques to conduct function.
• Legal - The legal factors are the laws and the rules the government decide to imply on the country and the business. The laws of the country and the legal implications of the organization affect the organizational operations and the functions.
• Ethical - Ethical factors are the factors which affects includes the business ethics and the values which affects the organization and its operations very much. The ethics that the business should maintain are the environment and its protection (Campbell, et.al, 2014).

Internal analysis

• Strength - Strength is the factors of the organization which can give the benefit to the organization. The strength of the organization affects the organization in a positive way.
• Weakness - Weakness is the negative factors of the organization. The weakness is the factor which affects the organization adversely and has the worse impact on the operations of the organization.
• Opportunities - The opportunities for the companies are that they have the vast exploring place of the world where they can setup their brand and provide their products to the customers all over the world or internationally.
• Threats- Threats are the facts which the organization have to face in the world of competition and which can affect the organization. Any company operating its business in the market has the superior threat with their competitors and the same industry’s companies (Helms & Nixon, 2010).

Reflective essay

In my opinion the macro environment of the organization which is uncontrollable has the huge impact on the organization decisions. The macro factors such as the political as well as the legal implications, the economical and the technological are such factors which cannot be controlled by the organization. The decision making of the organization gets affected by the factors affecting the business. The organization should consider all the factors and the aspects which influence the business operations and the functions while making decision to have the proper analysis of the threats and the risks the organization can face in the coming future.

 As the above report has depicted the impact on the organization of these factors are very drastic and has a huge influence on the business. The political factors include political implications or the party’s conflicts which affects the organization in managing the operations of the business and the objective of the organization. The legal implications are the different laws such as international trade law, taxation policies, monetary policies, business laws of the country which affects the organization decisions related to the international business etc.  The technological factor is the aspect which is uncontrollable and has the influence on the organization (Campbell, et.al, 2014). The organization decisions get affected by the change in technology as the organization has to be upgraded to be in the first position in the market. The other factors such as the social, economical, environmental factors are also the factors affecting the business operations and the decision making of the organization. The business has to keep into consideration the values and the beliefs to serve the country and to respects such beliefs to gain the competitive advantage of the organization. The customers should be taken into confidence and should decide the strategies to grab the attention of the customers. The organization should also take care of the internals factors such as the strengths and the weaknesses as well as the opportunities and the threats of the country to gain the maximum benefit (Campbell, et.al, 2014).

By this report we can draw a conclusion that the business environment are consist of different factors which affects the organization and they are the political, economical, social, technological, legal and the environmental factors which affects the business operation as well  as the decisions of the organization. The organizational factors such as the strength, weakness, opportunities and threats of the organization affects the business in a manner to provide the adverse impact on the organization and its efforts.

AbTalib, M.S. & Abdul Hamid, A.B. 2014, "Halal Logistics in Malaysia: A SWOT Analysis", Journal of Islamic Marketing, vol. 5, no. 3, pp. 322-343. Cai, X., Jaroszewski, L., Wooley, J. &Godzik, A. 2011, "Internal organization of large protein families: Relationship between the sequence, structure, and function?based clustering",  Proteins:Structure, Function, and Bioinformatics, vol. 79, no. 8, pp. 2389-2402. Campbell, A., Goold, M., Alexander, M. & Whitehead, J. 2014, Strategy for the Corporate Level: Where to Invest, What to Cut Back and How to Grow Organisations with Multiple Divisions, New];2;2nd; edn , Jossey Bass Ltd, GB. Cano Murillo, D.E., Kang, J. & Yoon, S. 2016, "Factors influencing pro-social consumer behavior through non-profit organizations", Internet Research, vol. 26, no. 3, pp. 626-643. Deliyianni-Kouimtzis, V. & Chisholm, L. 2014, Changing Landscapes for Childhood andYouthin Europe, 1st edn , Cambridge Scholars Publishing, Newcastle upon Tyne. Gould, J. 2015, "Non-profit organizations: Scientists on a mission", Nature, vol. 527, no. 7577, pp. 265. Hedin, H., Hirvensalo, I. &Vaarnas, M. 2014, The Handbook of Market Intelligence: Understand, Compete and Grow in Global Markets, 2;2;2nd; edn , John Wiley & Sons Inc, GB. Helms, M.M. & Nixon, J. 2010, "Exploring SWOT analysis - where are we now?: A review of academic research from the last decade", Journal of Strategy and Management, vol. 3, no. 3, pp. 215. Moscovitch, A. 2015, "Poverty", Canadian Review of Social Policy/Revue Canadienne de PolitiqueSociale,  , no. 71, pp. 114-115. OANA, C.A. & MARIOARA , B. 2014, "SWOT ANALYSIS ON SAMPLING METHOD", Annals of the University of Oradea: Economic Science, vol. 23, no. 1, pp. 587-592 Oluyede, O. 2013, "Non-Governmental Organizations and Non-Profit Organizations", The International Lawyer, vol. 47, no. 4, pp. 319. Song, J. & Singh, M. 2013, "From Hub Proteins to Hub Modules: The Relationship Between Essentiality and Centrality in the Yeast Interactome at Different Scales of Organization", PLoSComputational Biology, vol. 9, no. 2, pp. e1002910

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Introduction - Business Environment Assignment

Lo1 and lo2, p1. explain different types and purposes of organisations; public, private and voluntary sectors and legal structures., p2. explain the size and scope of a range of different types of organisations., structure of the various organisation, m1. analyse how the structure, size and scope of different organisations link to the business objectives and product and services offered by the organisation., p3.explain the relationship between different organisational functions and how they link to organisational objectives and structure., m2.analyse the advantages and disadvantages of interrelationships between organisational functions and the impact that can have upon organisational structure., d1.provide a critical analysis of the complexities of different types of business structures and the interrelationships of the different organisational functions., p4.identify the positive and negative impacts the macro environment hasupon business operations, supported by specific examples., m3. apply appropriately the pestle model to support adetailed analysis of the macro environment within an organization., p5.conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses., p6.explain how strengths and weaknesses interrelate with external macro factors., m4.apply appropriately swot/tows analysis and justify how they influence decision-making., d2.critically evaluate the impacts that both macro p4 and micro factors have upon business objectives and decision-making..

This report plans to find out about business, and its condition in different organisations, it particle, its business will give a short presentation about the organisation, its business condition, its size, scope, reason, nature, its inward and outside perspectives, swot investigation, pestle examination, it will give the detailed portrayal of the positive and negative effect of macroscale and microenvironment in the organisation, it will give a concise conversation of connection between various organisation structure, its favourable circumstances, and inconveniences, and so on the organisation is where a gathering of people groups attempts to accomplish the future goals. This will give a nitty-gritty depiction and appropriate legitimisation of the considerable number of focuses secured. Thus all the focuses will be secured under the reference of PREMIER INN Company. It is a British hotel chain having 72000 rooms in 8000 hotels around the globe. 

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Various sorts of organisation are:-

• The public organisation is an organisation or enterprise where responsibility for the organisation is disseminated among open investors. In this, it is an open market for the open where the general population can purchase the offers, at first, all the open organisations were private however now as organisations satisfy government rules and guidelines and meet necessities thus later it set up as an open organisation (Pinto, 2018). The legitimate structure for open is that it is possessed by the government and serves open as opposed to concentrating on benefit.
• The private organisation is an organisation, partnership or affiliation that isn't built up by benefit or run by the administration. It is predominantly settled for bringing about more benefit and which have no administration obstruction. The lawful structure for private is that it is claimed by the gathering of investors (Hamiltonand Webster, 2018). For instance, the PREMIER INN Company, its primary design is to cause more benefit and help people groups monetarily.
• Voluntary segment it is a type of a gathering of people where basic intrigue people groups meet and consent to an arrangement to accomplish wanted objectives and targets. The lawful structure for willful is that it is possessed by the gathering of individuals with government intercessions (Hamiltonand Webster, 2018). 

Size and extent of various organisation

There is variety of business organisations exists around in an economy. They are differentiated on the basis of their scale of operation, they are named as the small scale, medium scale and the large scale enterprises. The market share of the small enterprise is very minute. Their capital investment is also low and they operates in a low competition segment. However, they have higher degree of failure, if a new large and medium scale organisation enters their segment. This is because of the economy of scale of operations, which suggests that as the production size increases the marginal cost for the additional unit declines. Therefore, due to this fact they are vulnerable to the new entrants in their segment (Hamilton and Webster, 2018).

The middle scale enterprises have a greater degree of competition, assets and operations that the small scale enterprises. They operates with a higher market chunk than the small scale and lower than the large scale enterprises. Their technology is also advance than the small scale industries. They also have a greater scope of being included in the large scale, as they have growth potential.They can confront the competition due to their assets chance because of the competing forces which are stated as large scale organisations. The risks as well as the assets of the large scale organization is also high.  The large scale firms have large amount of capital and they operates on the economies of scale (Surin, et al., 2016).

Franchise: the francising permits the user to utilize the technology, brand name and other facilities of the franchiser through the contract in which the both parties agrees to share the profits by charging some lump-sum fees. This grants the other party the rights to use the resources to produce the goods and the services by maintaining the standards.  

Joint Venture: it is a form of business partnership in which the two compaies or parties agrees to share the technology and the resources to produce the better quality products and services. The companies enters into these forms when the both parties have higher desires but they are constrained to accomplish them on their own.

Licensing: it alludes to a course of action among licensor and licensee where last gathering would secure the option to utilize items and merchandise where the proprietorship stays with the licensor though Franchising alludes to a game plan among franchiser and franchisee where the last will appreciate the responsibility for business for the benefit of the franchiser in lieu of a charge where the procedures are firmly constrained by franchisor along these lines it is by and large observed that permitting is for items and products while the diversifying model is utilized more in administration giving industry (Quinlan, et al., 2019).

Each organisation’s structure, size, and extension is diverse as put against each other. As a Business Development Analyst of Premier Inn, it is of utmost importance to access the size, arrangement and the opportunity of the different sorts of companies. These are the three important aspects to make an organisation to achieve its targets and thrive in the industry.

Privately owned business is run and possessed by gathering of people groups. The size of the organisation is roughly 4-5 individuals, and its degree is predominantly concentrating on benefit. Henceforth privately owned business follow the top to down structure where to convey the higher needs to follow the chain of command.

NGO’s are controlled by regular intrigue gathering of people groups; its size is subject to a gathering of people groups; it predominantly centres around manageability of the environment. It follows the network organisation structure. 

The different types of organisations exist to serve a different purpose in society; they have different scope and structure as well. 

• Public organisation: they are the organisations which are open to the investment form the general public and institutions as well. They have to be registered at the stock exchanges where their shares trade. The structure of these organisations consists of the directors where some are independent (Yang and Gabrielsson, 2017). The head is the CEO of the organisations, which in some case is the director also. The general purpose of these types of organisations is to provide their investors with adequate returns during the normal course of business. 
• Private organisation: these types of organisations have to size range from two individuals to a maximum of 50 in the United Kingdom. They are not registered with any stock exchange where their shares can be traded. They are mainly the organisation which can be termed as the small or medium (Hitchcockand Willard, 2017). The members liabilities are to the extent of their share in the business and there is no lower limit on the amount to incorporate the business.
• NGO: they are the organisations which are set up to serve some special purpose mainly, for the welfare of the society in general. The general-purpose, like the other forms of business organisations, is not to earn a profit, even if generated, it is utilised to serve the purpose ahead. The factor which differentiates these organisations form the others is that they are exempted from the taxes (Hitchcockand Willard, 2017). They are not limited by the size; sometimes, there are persons appointed by the government to serve a particular cause. 

The markets are high on competition; consequently, the organisation ought to adjust to showcase request and be responsive. Organisations with poor structure won't endure. A very much characterised structure enables the organisation to understand its latent capacity and bolster its destinations. The organisational structure is also dependent upon the size of the organisation and their objectives:

Simple Structure

It is a straightforward structure for the organisations where the functions a least complex, that's why it is popular among the sole proprietory organisations (Buckleyand Carter, 2016).

Utilitarian (Centralised) Organizational Structure

is the most usually utilised hierarchical structure. Here, the organisation includes different offices, every office has individuals with comparative abilities: deals division, promoting office, account office, to give some examples (Geissdoerfer, et.al, 2018).

Framework Organisational Structure

it is a half breed of a solid and anticipated hierarchical structure. Here you have two order structures: vertical and level. A worker may have a place with a useful gathering, yet can likewise take a shot at a venture; this structure utilises the best of the two universes.

Bureaucratic Structure

This structure is appropriate for large organisations with complex tasks, and that need smooth organisation. They have a standard methodology and procedures.

Post-Administrative Arrangement

These types of organisations are created and have different principles and methodology. These organisations have a headquarters, including a few individuals. It energises worker investment, trust, individual treatment, and duty. 

These are the following benefits when the organisational structure is effective:

A hierarchical structure has an all-around characterised detailing structure. It diminishes grinding among representatives by explaining jobs and duties. Having a legitimate authoritative arrangement can carry enormous advantages to any organisation (Hitchcockand Willard, 2017). A couple of these advantages are:

• It permits an organisation to develop.
• Spotlights consideration on your vital objectives, rather than every office concentrating on its motivation.
• Joins a gathering of individuals and focuses them towards a shared purpose.
• Urges representatives to upgrade their abilities.
• It settles on the dynamic procedure proficient, smoother, and quicker.

The modern-day organisations are complex machinery, where there are several functions such as advertising, human resource management, research and development along with the management of operations and the productions. The other functions are as the accounting, financing and customer relationship. The objectives are the main source on which the organisational functions depend upon. And also, the organisational structure also defines the functions of the organisation. Premier Inn Hotels has objectives to take the experiences of the clients to the highest levels of their satiation point. To accomplish this objective with others, the management of the organisation defines the functions which aid them to achieve their desired results.  For provide consistency in the experience among the variety of customers, the management ceaselessly monitors the efforts of their personnel. The agglomeration of the objectives of the organisation and their functions together provides the organisation with the enhanced quality of the services offered at the Premier Inn Hotels. The coordination among the different departments helps in the movement towards the converged goals of the organisation. The functions are also defined by keeping in mind the organisational structure as at the time of assigning the tasks to the employees the organisational structure matters to achieve the desired results. 

Advantages:

• The interconnections among the personnel from the different departments in an organisation can help to enhance the productivity of an organisation by coordinating each other (Hitchcockand Willard, 2017).
• This also creates the family-like behaviour at the organisational level as employees have a better relationship with each other, makes them content and motivates them towards the accomplishment of the common target, which is always better for the business.

Disadvantages:

• The more than sufficient interconnection among the departments can also lead to delay in the tasks, as employees would waste time trying to interconnect with the other departments (Hitchcockand Willard, 2017).
• Sometimes some information is confined to a specific department, due to a higher degree of interrelations the information could leak to the other department and create the hurdles for the management.

Business structures are the routes through which various kinds of organisations are framed. Different capacities are led in each sort of firm with various structures. However, the nature of those structures and their interrelations are not the same as each other which makesdistinction between the operations and the purpose different (Yangand Gabrielsson, 2017). NGO’s are there to serve the special purpose basically, the welfare, while the motives of the private and the public enterprises is to genrerate the profits. In this way, interrelations are among the few elements of the businesses that are more straightforward and basic in nature which disentangles the plan of action and by and large activities and execution.

Introduction

In this part of the report, the macro factors of a business environment assignment help of the firms are discussed and their impact on the business and its operations. There is also a section in which there will be an analysis of the internal and external factors of the business environment. The section will also try to find the relationship of macro environment and the weaknesses and strengths of an organisation.

The macro-environment is the classification of the factors that affect the business as a whole, not particular to the business or segment.

Political: The political framework and belief system of the ideological groups apply a great deal of impact in deciding the strategy which the business undertakings may receive. In each nation independent of the idea of the monetary framework, the administration assumes a functioning job as an organiser, controller, and advertiser of financial movement. Just the degree and nature of these jobs differ from framework to framework. In an entrepreneur monetary framework business corporates are exceptionally incredible, yet they need to work inside the parameters which are controlled by the board arrangements of the legislature. The belief system of the administration additionally shapes the world of politics of the nation. For instance, if there is political instability in a country would affect the business of Premier Inn Hotels. And if the government provides special assistance for the companies to concrete their feet on the business section like the cheap electricity, etc. (Bilic, et al., 2018).

Economic : these condition essentially comprises of the monetary conditions, for example, the nature of the economy, financial assets, level of salary, dispersion of pay, phase of financial turn of events, and so forth, and the monetary framework and approaches that the nation follows. For instance, when the economic situation of the country is going north the Premier Inn Hotels business would thrive. When the interest rates are high due to the inflation the hotel chains would not be willing to expand as they would not get the funds cheap (Ajayi, 2016).

Social:  the social factors are the factors which are due to the culture and the norms of the particular region. Around the globe, the culture changes even in the same country whether its language, clothing, perspective, etc. For a business organization to enter into a region or the marketplace consideration of the social factors is very useful and be cautious about the social sensitivities of the general public included. The positive impact of it can be that if the society, in general, considers the tourism a part of life the business of the Premier Inn hotels would go north. And if the company enters into the business, like the market in the middle east, they can have the language barriers in operating there (Hamilton and Webster, 2018).

Legal : The enactment which the administration edges, or revises from time to time, target executing different monetary arrangements figured by the legislature, for example, strategies identifying with permitting, restraining infrastructures, outside venture, conveyance and estimating, control of natural contamination, improvement of in reverse zones, import and fare, open division, little scope businesses, and so on. On occasion, the business likewise attempts to impact the legislature through campaigning or making open mindfulness or by compelling parliamentary discussions to make a positive arrangement system to support a business network. If the government passes law to not to serve alcohol at hotels, the Premier Inn Hotels' business will hit hard, and they have to abide by the law. The positive impact can be if the government allows FDI, then the hotel chain would get the fundings for its expansion form the investors in another country (Prajogo, 2016).

Technological: No nation, and so far as that is concerned, no business firm can bear to endure with the obsolete innovation. The general situation of business tasks has experienced a colossal change everywhere throughout the world because of quick track advancements in data innovation, PC innovation, and the correspondence segment. On account of these turns of events, the entire world has now shrivelled and is viewed as an agglomeration. For the positive impact, now customers can converse with anybody anyplace on the planet with a tick on the phone, making the business easy for the Premier Inn hotels. And on the negative front, this has made the competition a stiff one for the Premier Inn (Will and Mueller, 2019). 

Environment : Business is additionally influenced by the nature of indigenous habitat in a specific nation. There are a few organisations which can be built up just at a source where crude material is accessible. For instance, if the hotel is situated in an area which has beaches, might help to create a positive scenario for the organisation. Put differently, if the hotel is situated in an area where the connectivity is not good, it would harm the business (Surin, et al., 2016).

PESTLE analysis of the Premier Inn Hotels:

• Political: the main portion of cash inflows for the hospitality industry comes from tourism. Therefore, government rules and regulations play a part in their business. As in the case of the Premier Inn Hotels, due to the COVID-19 pandemic, the shut-down by the government of tourists can be mentioned as under the premise of the government rules and regulations.
• Economic: the economic factors are also crucial for the hospitality industry as it is one of the luxury industry, so recessions lead to hotels like Premier Inn lose out the business due to constrained spending by the customers (Hitchcock and Willard, 2017).
• Social: the society and culture have a huge impact on the businesses as if there is a social norm of society to spend on tourism, the companies like the Premier Inn would thrive.
• Technological: the technology plays a big role in attracting the customers and enhances their experience of staying in Premier Inn, as the company provides the WiFi services to the clients and CCTV secured system security.
• Legal: as the world has become more interconnected in the recent decades, the tourism has become the main source of income for some countries, for hotels like Premier Inn, they can enter some market, where they are being provided with the tax benefits by the legal system (Fderica, et al., 2019).
• Environment: in the regions where the climate is friendly throughout the year to have been the hotspot for the tourism industry to thrive, for the Premier Inn hotel chain, the company would not enter in a market where the weather is not suitable for the tourists (Quinlan, et al., 2019). 

The macro environment for the Premier Inn hotels is very dynamic, opportunities and the threats can arise from any front, to take up the matter with seriousness the managers of the hotel need to deal these factors with their diligent efforts towards it. The company need to rise up to the scenario and adapt accordingly, other way round is not possible, the company can go out of business. The macro level environment for the company under consideration consists of the political, economical, social, technological, environmental and legal issues (Quinlan, et al., 2019).

The augmentation of the technology can give distinctive business opportunities to the Premier Inn Hotels, in the event that they can take it. Innovation opens the door for the customers to get the instant reviews of the hotels and the hotels also allow the online platform to the customers which is also beneficial to both the customers and the business of the hotels. Nonetheless, the technological progress in the industry has made the competition very stiff as the customers can get to know the experiments of the clients who have used the hospitality services of the hotel earlier (Buckley and Carter, 2016).

Premier Inn Hotels need to be the first mover any technological progression in the industry, otherwise they cannot be able to tap the early benefits and make their hold of their place as the leaders. The policies of the government and the law of the land can also have the negative and the positive impact on the business of the Premier Inn Hotels. If the government provides special assistance like the subsidised land, tax rebate will help the organisation in a positive manner. Conversely, if the government put stiff rules and regulations on the industry, it would impact the company in a negative manner (Geissdoerfer, et al., 2018).

The Premier Inn Hotels' advantages and the disadvantages have straight forward link with the business. As the macro factors are the major factors that affect the normal course of the business. Consider a case where the legislation of the country does not allow the foreign companies to operate in the U.K., this would be proved to be a strength for the Premier Inn hotels, as they are given protection form any foreign competition. The micro level factors just have the impact on the native territory of the company, whereas the macro level factors have the impact form all dimensions. If a company has difficulties surviving in the native domain, it would not be probably effective for it to go global. The analysis and the mentality to assess the macro environment form the micro should be different (Geissdoerfer, et al., 2018).

Premier Inn Hotels after the proper analysis of their PESTLE factors or the macro environment can find out their advantage or the disadvantage and make the forward steps in accordance to their assessment. Suppose if the economy has been thriving for some time, this macro factor would turn into strength for the company as the better paycheck and the greater purchasing power or the ability to pay would enhance the business of the company towards the north direction. In this way, the advantages are interrelated to the macro environment for the Premier Inn hotels (Allen and Kraakman, 2016).

SWOT examination of Premier Inn Hotels:

 

The macro and the micro factors affect the business objectives and the decision making of the manager at the Premier Inn Hotels. Accessing the micro factor such as the customers, the company has a fair amount of loyal customer base, and the objectives are mostly in regard to making the experience of the customer best in class to retain them as long as possible. On the front of the macro factor, the economic slowdown also has an impact on the objectives and decision making of the managers as the slowdown has caused the revenues of the company going south (Perera, 2017).

To wind up the report it can be concluded that the assessment of the business environment is an essential aspect for the businesses. The structure and the objectives play a big role in on the functions of the Premier Inn Hotel. The macro factors should also be scrutinized while going ahead with any business plan. These include PESTLE and SWOT as these analyses could provide the managers important information about the external and internal business factors that can be very crucial for business strategy formulation.

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• Will, M.G. and Mueller, J., 2019. Towards a micro-foundation of organizational change: Conceptual requirements for a micro-macro framework of change.  International Journal of Learning and Change, Forthcoming .
• Yang, M. and Gabrielsson, P., 2017. Entrepreneurial marketing of international high-tech business-to-business new ventures: A decision-making process perspective.  Industrial Marketing Management ,  64 , pp.147-160.

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9 Inspiring Work Environment Examples for a Thriving Workplace

The work environment plays a pivotal role in shaping the success of any business. It influences everything from how employees interact to their productivity levels and overall job satisfaction. A work environment goes beyond being just a physical space where tasks are completed. It impacts company culture, fosters employee well-being, and can be a catalyst for achieving stronger business outcomes. In this blog, we will look at what work environment is along with work environment examples.

What Is a Work Environment?

A work environment is all about the vibe and conditions where work happens in an organization. It’s not just the physical space like desks and chairs, but also the company culture, how people interact, and the overall atmosphere that shapes the day-to-day experience for employees.

Let’s take a look at the Physical and Non-Physical Elements of a Work Environment:

Physical Elements

The physical side of a work environment covers tangible factors like:

• Office layout and design
• Temperature control
• Noise levels
• Break areas
• Access to technology and equipment

In hybrid work environments and remote setups, employees often take charge of their home office environment, adjusting it to fit their needs.

Non-Physical Elements

The non-physical aspects are more about the overall feel and relationships within the organization. These include:

• Company culture
• Core values
• How people interact with each other
• Leadership styles
• Diversity and inclusion efforts

Focusing on both the physical and cultural sides of the working environment helps cultivate collaboration, respect, and open communication. This intentional approach boosts creativity and teamwork, leading to higher engagement and job satisfaction across the board.

What are the Different Types of Work Environments?

Let’s take a look at the work environment examples and the pros and cons of each:

When deciding on the right work environment for your organization, it’s helpful to understand the various types of work environments and their impacts on employee experience and productivity. Here are work environment examples you can consider:

In choosing the right work environment for your company, it is good to learn about the different types of work environments the effects that they have on the employees, and the level of productivity that they offer. Here are work environment examples you can consider:

 1. Traditional Office Environment 

The conventional workplace includes enclosed offices, cubicles, and rigid reporting chains. For example, this model is most commonly used in law firms, banks, and government offices where professionalism and face-to-face communication are critical. 

Pros: Encourages direct supervision and also creates an environment for immediate working relationships. 

Cons: Can result in a toxic environment at the workplace where people are expected to work in structures that do not allow creativity, flexibility, or even promote their well-being. 

 2. Remote Work Environment 

A remote work environment is where an employee can work from home or any place of their choice as long as they have an internet connection. 

 Pros: Improves work-life balance, decreases the stress of traveling to work, and increases the chances of attracting the best talents from all over the world. 

 Cons: Workers may feel lonely and have no distinction between working time and free time, which may affect their attitude toward work. 

 3. Hybrid Work Environment 

The hybrid work environment is a combination of working from home and going to the office. Favored by Google, Microsoft, and the like, this work model provides flexibility while preserving chances for direct contact. 

Pros: Is advantageous in that it allows for the consideration of different work arrangements and is beneficial to employee recruitment and morale. 

Cons: Supervising teams in different working contexts may lead to issues of coordination, standardization, and integration. 

 Example: Blended arrangements could include hot-desking or ‘work-from-home if you want’ arrangements, while others may have designated days for employees or groups to be physically present in the office. 

4. Flexible Work Environment

Next up in work environment examples, we have a flexible work environment. In a flexible work environment, employees have autonomy over when and where they work. This model is popular in companies like X (formerly Twitter) and Google.

Pros: Encourages a better work-life balance and reduces absenteeism by allowing employees to tailor their work schedules to their personal needs.

Cons: Without boundaries, employees may struggle to differentiate between work and personal time, leading to burnout .

5. Collaborative Work Environment

A collaborative work environment thrives on teamwork and shared goals. It’s common in creative agencies, tech startups, and co-working spaces.

Pros: Fosters creativity, innovation, and team cohesion, making the work environment more engaging and productive.

Cons: Differences in opinions can lead to conflict, and managing contributions across a large team can be challenging.

Example: Companies like Pixar have designed offices that encourage spontaneous collaboration through open layouts, creating opportunities for employees to engage in impromptu discussions.

 6. Competitive Work Environment

In a competitive work environment, individual performance is paramount. This type of workplace is often found in sales departments or high-performance fields, where rewards are tied to personal achievements.

Pros: Drives high performance and innovation by encouraging employees to push themselves.

Cons: Can result in burnout, stress, and a cutthroat atmosphere that hinders collaboration and team dynamics.

7. Creative Work Environment

A creative work environment is geared toward fostering unconventional thinking and innovation, which is why it’s popular in design studios, advertising agencies, and tech firms.

Pros: Encourages experimentation and risk-taking, often leading to breakthrough ideas and solutions.

Cons: Needs a supportive culture to balance creativity with practicality, or it risks becoming chaotic and disorganized.

8. Punitive Work Environment

Next in work environment examples is the punitive environment. A punitive work environment is characterized by strict rules, micromanagement , and close oversight, with an emphasis on punishment for mistakes rather than support.

Pros: Ensures adherence to rules and may result in quick corrections of errors.

Cons: Creates a fear-based culture, which stifles creativity, reduces employee engagement, and leads to high turnover.

9. Practical Work Environment

The practical work environment prioritizes efficiency and productivity, commonly seen in industries like manufacturing and logistics.

Pros: Focuses on streamlined operations, which can result in higher output and reduced costs.

Cons: The rigidity of this type of workplace can limit creativity and growth opportunities, making it less adaptable to change.

Choosing the Right Work Environment for Your Team

Selecting the best work environment involves several crucial steps. Here’s how to approach it:

Assess Your Team’s Needs

Understanding your team’s needs is essential. What defines a healthy work environment for them? Determine the elements that enhance their productivity and well-being. Knowing these needs helps create a workspace that aligns with various types of working environments to support their success.

 Align With Organizational Goals

The work environment should reflect your organizational goals and values. Consider objectives beyond financial targets, such as employee satisfaction, innovation, and culture building. Your workspace should be designed to match the best work environments and drive success.

 Consider Various Work Styles

Different employees thrive in different types of work environments. Some excel in a collaborative work environment, while others might prefer a private work environment. Tailor your workspace to accommodate diverse work styles and enhance overall performance.

 Evaluate Your Current Space

Take a close look at your existing workspace. Does it cater to the diverse needs of your team? Assess physical aspects such as natural light, quiet zones, collaboration areas, and ergonomic furniture. Evaluate if your current space meets the standards of effective workplace environment examples.

 Explore Flexible Work Options

Flexible work environments, including hybrid work environments and hybrid work models, are increasingly popular. They offer benefits for employee wellness and productivity. If feasible, explore how these models could fit into your organization to enhance employee retention and attract top talent.

 Experiment with Different Environments

Don’t hesitate to test various work environments. Experiment with different seating arrangements, schedules, or office layouts to see what works best. Trial periods can provide valuable insights into what boosts productivity, well-being, and team cohesion.

Collect Feedback

Regularly gather feedback from your team. They can provide insights into the work environment and its impact on their daily work. Use surveys, check-ins, or anonymous channels to ensure their needs are met and that the workspace evolves in line with their preferences.

By focusing on these areas, you can design a work environment that supports diverse needs, aligns with organizational goals, and reflects the characteristics of the best work environments.

Investing in Digital Workspace

As companies adapt to different types of work environments, one critical factor is ensuring your digital workspace supports the needs of your employees. Whether your team operates in a hybrid work environment, a remote work environment, or even a traditional office environment, having the right digital space to coordinate and communicate about work can make or break productivity.

Our personal recommendation: communication and coordination are maximized with Slack. Slack is the best software for enhancing workplace collaboration because it seamlessly integrates messaging, file sharing, and powerful workflow automation across remote, hybrid, and in-office teams. Its customizable features, including channels and integrations, allow for improved communication and productivity tailored to any type of work environment. 

Creating a Positive Work Environment

Building a positive work environment involves several essential components. Here’s how to foster the best work environments for your team:

 Optimize Your Workspace Layout

The design of your workspace plays a crucial role in shaping the work environment. Embrace open floor plans, inviting common areas, and dedicated zones for collaboration and creativity.

 Cultivate Trust and Respect

Trust is a cornerstone of a successful working environment. Empower your team with the freedom to make decisions, recognize their achievements, and support their autonomy. Promoting respect for diverse viewpoints and ensuring fairness are key to a balanced and positive workplace environment.

 Ensure Effective Communication

Good communication is vital in any work environment. It sets clear expectations and strengthens team cohesion. Foster open dialogue with regular meetings, individual check-ins, and transparent updates on organizational goals. These practices are crucial for maintaining a productive and positive workspace.

 Encourage Team Collaboration

Collaboration drives creativity and innovation in a collaborative work environment. Equip your team with the tools and spaces they need to work together effectively. Support cross-team projects and organize team-building activities to promote a culture of knowledge sharing and cooperation.

 Provide Essential Workplace Services

The quality of workplace services can significantly influence the workplace experience. Ensure access to modern technology, wellness programs, and flexible work options. Adopting effective hybrid work models and providing resources that support both physical and mental health can enhance the overall work environment.

By addressing these aspects, you can create a working environment that not only boosts productivity but also enhances employee satisfaction and engagement.

To Sum it Up

A positive work environment combines thoughtful space management, trust, respect, and effective communication. Whether it’s a hybrid work environment or a traditional office, the best work environment examples are those that foster collaboration, creativity, and teamwork. Optimizing your workspace to accommodate different types of working environments, such as open floor plans or group workspaces, can significantly enhance the workplace experience. 

Ensuring that the work environment supports trust, offers transparent communication, and provides essential services creates an atmosphere where employees can thrive. Incorporating modern tools and flexible options, like a hybrid work model, further strengthens the work environment and promotes overall employee well-being.

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South Carolina considers its energy future through state Senate committee

Dominion Energy South Carolina President Keller Kissam, left , and Duke Energy’s utility operations in South Carolina President Mike Callahan, speak before testifying before a South Carolina Senate committee planning to write a comprehensive energy bill in 2025 in Columbia, S.C., on Thursday, Aug. 22 2024. (AP Photo/Jeffrey Collins)

South Carolina Senate President Thomas Alexander, R-Walhalla, left; Senate Majority Leader Shane Massey, R-Edgefield, center; and Sen. Nikki Setlzer, D- West Columbia, right, speak before a South Carolina Senate committee planning to write a comprehensive energy bill in 2025 in Columbia, S.C., on Thursday, Aug. 22 2024. (AP Photo/Jeffrey Collins)

Santee Cooper CEO Jimmy Staton, left, Dominion Energy South Carolina President Keller Kissam, center, and Duke Energy’s utility operations in South Carolina President Mike Callahan, right, are sworn in before testifying before a South Carolina Senate committee planning to write a comprehensive energy bill in 2025. in Columbia, S.C., on Thursday, Aug. 22 2024. (AP Photo/Jeffrey Collins)

Santee Cooper CEO Jimmy Staton, left, Dominion Energy South Carolina President Keller Kissam, center, and Duke Energy’s utility operations in South Carolina President Mike Callahan, right, wait to testify before a South Carolina Senate committee planning to write a comprehensive energy bill in 2025 in Columbia, S.C., on Thursday, Aug. 22 2024. (AP Photo/Jeffrey Collins)

Duke Energy’s utility operations in South Carolina President Mike Callahan waits to testify before a South Carolina Senate committee planning to write a comprehensive energy bill in 2025 in Columbia, S.C., on Thursday, Aug. 22 2024. (AP Photo/Jeffrey Collins)

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COLUMBIA, S.C. (AP) — The South Carolina Senate on Thursday started its homework assignment of coming up with a comprehensive bill to guide energy policy in a rapidly growing state and amid a quickly changing power- generation world.

The Special Committee on South Carolina’s Energy Future plans several meetings through October. On Thursday, the committee heard from the leaders of the state’s three major utilities. Future meetings will bring in regular ratepayers, environmentalists, business leaders and experts on the latest technology to make electricity,

The Senate took this task upon itself. They put the brakes a massive 80-plus page energy overhaul bill that passed the House in March in less than six weeks, and the bill died at the end of the session.

Many senators said the process earlier this year was rushed . They remembered the last time they trusted an overhaul bill backed by utilities.

State-owned Santee Cooper and private South Carolina Electric & Gas used those rules passed 15 years ago to put ratepayers on the hook for billions of dollars spent on two new nuclear reactors that never generated a watt of power before construction was abandoned because of rising costs.

But those dire memories are being mixed with dire predictions of a state running out of power.

Unusually cold weather on Christmas Eve 2022 along with problems at a generating facility nearly led to rolling blackouts in South Carolina. Demand from advanced manufacturing and data centers is rising. If electric cars grow in popularity, more power is needed. And a state that added 1.3 million people since 2000 has a lot more air conditioners, washing machines and charges for devices, the utility leaders said.

Senators stopped Duke Energy’s president in South Carolina, Mike Callahan, in middle of his presentation after he told them his utility’s most recent predictions for growth in electricity usage over the rest of this decade were eight times more than they were just two years ago.

“Growth is here, and much more is coming. We need clear energy policy to plan for that growth,” Callahan said,

The utility leaders told senators their companies need to know what kind of sources of power — natural gas, solar, nuclear, wind or others — the state wants to emphasize. They would like to have a stable rules from regulators on how they operate.

“A quick no is a lot better to us than a long-term maybe,” Santee Cooper CEO Jimmy Staton said.

Another complicating factor are federal rules that may require utilities to shut down power plants that use coal before there are replacements with different sources online, Staton said.

Others aren’t so sure the state needs a rapid increase in power generation. Environmentalists have suggested the 2022 problems that led to blackouts were made worse because power plants were nowhere near capacity and better cooperation in the grid would allow electricity to get to where its needed easier.

Those less bullish on the overhaul also are urging the state not to lock in on one source of power over another because technology could leave South Carolina with too much power generation in inefficient ways.

There will likely be plenty of discussion of data centers that use a lot of electricity without the number of jobs, property taxes or other benefits a manufacturer provides.

Staton estimated about 70% of Santee Cooper’s increased demand is from data centers.

“We clearly need them. I don’t want to go back in time,” committee chairman Republican Senate Majority Leader Shane Massey said. “What I’m trying to get at is a better understanding, a better handle on how much of the projected growth is based on data centers or on everything else.”

Massey has been hard on Dominion Energy, which bought South Carolina Electric & Gas after the abandoned nuclear project at the V.C. Summer Nuclear Station. But Dominion Energy South Carolina President Keller Kissam said it is important that all options, including a new nuclear plant, remain on the table.

“Everybody thinks if we build anything that we’re going to absolutely repeat what we did with V.C. Summer” Kissam said. “Well, I promise you, that ain’t gonna happen. OK? I’ll pack up and leave.”

Massey said he appreciated Kissam’s candor and felt he was a straight shooter, but there are a lot of other people involved in the failed project who lied and hid problems.

“I can’t put that behind me. And I don’t think a lot of people can put that behind them,” Massey said.

Massey’s goal is to have a bill ready by the time the 2025 session starts in January.

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Copyright 2024 The Associated Press. All rights reserved.

Dominion Energy South Carolina President Keller Kissam, left , and Duke Energy's utility operations in South Carolina President Mike Callahan, speak before testifying before a South Carolina Senate committee planning to write a comprehensive energy bill in 2025 in Columbia, S.C., on Thursday, Aug. 22 2024. (AP Photo/Jeffrey Collins)

COLUMBIA, S.C. – The South Carolina Senate on Thursday started its homework assignment of coming up with a comprehensive bill to guide energy policy in a rapidly growing state and amid a quickly changing power- generation world.

The Special Committee on South Carolina’s Energy Future plans several meetings through October. On Thursday, the committee heard from the leaders of the state's three major utilities. Future meetings will bring in regular ratepayers, environmentalists, business leaders and experts on the latest technology to make electricity,

Recommended Videos

The Senate took this task upon itself. They put the brakes a massive 80-plus page energy overhaul bill that passed the House in March in less than six weeks, and the bill died at the end of the session.

Many senators said the process earlier this year was rushed . They remembered the last time they trusted an overhaul bill backed by utilities.

State-owned Santee Cooper and private South Carolina Electric & Gas used those rules passed 15 years ago to put ratepayers on the hook for billions of dollars spent on two new nuclear reactors that never generated a watt of power before construction was abandoned because of rising costs.

But those dire memories are being mixed with dire predictions of a state running out of power.

Unusually cold weather on Christmas Eve 2022 along with problems at a generating facility nearly led to rolling blackouts in South Carolina. Demand from advanced manufacturing and data centers is rising. If electric cars grow in popularity, more power is needed. And a state that added 1.3 million people since 2000 has a lot more air conditioners, washing machines and charges for devices, the utility leaders said.

Senators stopped Duke Energy's president in South Carolina, Mike Callahan, in middle of his presentation after he told them his utility's most recent predictions for growth in electricity usage over the rest of this decade were eight times more than they were just two years ago.

“Growth is here, and much more is coming. We need clear energy policy to plan for that growth,” Callahan said,

The utility leaders told senators their companies need to know what kind of sources of power — natural gas, solar, nuclear, wind or others — the state wants to emphasize. They would like to have a stable rules from regulators on how they operate.

“A quick no is a lot better to us than a long-term maybe,” Santee Cooper CEO Jimmy Staton said.

Another complicating factor are federal rules that may require utilities to shut down power plants that use coal before there are replacements with different sources online, Staton said.

Others aren't so sure the state needs a rapid increase in power generation. Environmentalists have suggested the 2022 problems that led to blackouts were made worse because power plants were nowhere near capacity and better cooperation in the grid would allow electricity to get to where its needed easier.

Those less bullish on the overhaul also are urging the state not to lock in on one source of power over another because technology could leave South Carolina with too much power generation in inefficient ways.

There will likely be plenty of discussion of data centers that use a lot of electricity without the number of jobs, property taxes or other benefits a manufacturer provides.

Staton estimated about 70% of Santee Cooper's increased demand is from data centers.

“We clearly need them. I don't want to go back in time,” committee chairman Republican Senate Majority Leader Shane Massey said. “What I'm trying to get at is a better understanding, a better handle on how much of the projected growth is based on data centers or on everything else.”

Massey has been hard on Dominion Energy, which bought South Carolina Electric & Gas after the abandoned nuclear project at the V.C. Summer Nuclear Station. But Dominion Energy South Carolina President Keller Kissam said it is important that all options, including a new nuclear plant, remain on the table.

“Everybody thinks if we build anything that we’re going to absolutely repeat what we did with V.C. Summer” Kissam said. “Well, I promise you, that ain’t gonna happen. OK? I’ll pack up and leave."

Massey said he appreciated Kissam's candor and felt he was a straight shooter, but there are a lot of other people involved in the failed project who lied and hid problems.

“I can’t put that behind me. And I don’t think a lot of people can put that behind them,” Massey said.

Massey's goal is to have a bill ready by the time the 2025 session starts in January.

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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