These are the internal stakeholders for BA. Resource allocation is the most critical aspect of any economic system. The way a particular economic system allocates resources defines the characteristics of that particular economic system.
Business organisation following franchisee model are focused on using the brand value, reputation, D1 business enviroment and experience of the franchisor.
That is why it has become important for the companies to ensure that their operations and all other activities should adhere to various rules and regulation which is laid down by the authorities.
Hence it utilises the strength of partners in establishment and functioning of the business Cherunilam, For example when British Airways was exposed in surcharge fixing then it faced wide spread criticism from all the quarters of society. Landing fee, airport charge, etc. Although in it had to reduce its workforce due to recession, but then it had no other option.
In United Kingdom also there are several competition related policies which are used by the agencies from time to time in order to ensure a level ground for the companies.
It has set goal for itself to reduce carbon emission to a significant level by For suppliers the core objective is to ensure a transparent transaction between them and the BA. Thus it can be understood that through imposition of these kind of laws and policies UK government has ensured that there is no disparity among the business organisations working there.
However impact of these kind of competition policy at times is not positive for the organisation. Market forces such as demand and supply plays an important role behind the decision making process of this type of company.
An economic system establishes a system in which consumers and suppliers transact with each other based on various market forces.
It has also setup various customer loyalty programmes to reward loyalty of its customers. Similarly BA also has been playing important role in fulfilling its responsibility towards environment. End customer which is more concerned about the overall fare does not observes the fuel surcharge imposed by the government, and hence creates a negative image about the airline.
Hence government and central banks should focus on collecting revenue from any other alternative sectors such as by imposing taxes on tobacco products or alcohols etc.
Hence it can be said, that in order to ensure smooth functioning of an economy it is important that the resource allocation takes place considering the availability and importance of resources.
Due to imposition of fuel surcharge airfare rises significantly. As an employer BA has always ensured that it provides a healthy environment for its employees and has been ranked as one of the top employer in United Kingdom consistently. That is why both UK government as well as private players are responsible for resource allocation.D1: Evaluate the influence different stakeholders exert in the organisation.
Introduction Each stakeholder is important to the business, however, some are more important than others.I have chosen the top three that I think are the most important and in this word document, I will evaluate how these stakeholders influence the NHS and McDonalds.
Business environment is the sum total of all external and internal factors that influence a business. You should keep in mind that external factors and internal factors can influence each other.
What do we know? BTEC Unit 1: The Business Environment BTEC Unit 1 - Cohort - P1 The Business Environment What is a business? Why does it exist?
Monopoly is a business environment in which a single company, by controlling a specific supply of products or service, set prices, prevents other business from entering the market and controls the available supply of the product or.
Unit 1 Business Environment D2 Distinction 1 for Business Environment - Level 3 Extended Diploma in Business.
Evaluate how future changes in economic political, legal and social factors, may impact on the strategy of a specified organisation. Task 2 Introduction. In order to strengthen position in the business environment companies have to make strategies which not only focus on the market structure but also keeps an account of challenges which a business might face.Download