London School of Business & Management
BTEC Levels 4 & 5 HND Business
Unit No & Unit Title
Unit 1: Business Environment
HND Business (BTEC Level 4 and Level 5)
Dr Knowledge Mpofu
Assignment Title & Type
Business Environment –
24th September 2014
9th January 2015
Academic Year / Semester
September 2014 Semester
Unit Outcomes Covered:
LO1. Understand the organisational purposes of businesses
LO2. Understand the nature of the national environment in which businesses operate
LO3. Understand the behaviour of organisations in their market environment LO4. Be able to assess the significance of the global factors that shape national business activities.
GRADING OPPORTUNITIES AVAILABLE
Dr Knowledge Mpofu
The UK business environment remains positive, forward-looking and one of the most attractive places open for business in Europe. The UK government is committed to creating a supportive business environment that encourages a private-sector-led economic growth. According to the World Bank ranking, the UK is one of the easiest places to set up and run a business in Europe, and more overseas companies have their European headquarters in the UK than in France and Germany put together. Today, the UK is the world’s sixth-largest economy and one of the world’s top ten manufacturers (six of the world’s top ten vehicle makers are based in the UK). It is also the world’s second-largest services exporter (after the U.S.) and the world’s sixth- largest trading nation. Green industries are at the forefront of the UK government development initiatives, making it one of the leading global players in wind energy and the development of offshore wind. More opportunities are reflected in UK’s low-carbon solutions, engineering design, cost consulting, education, research & development, financial and professional services.
British competitiveness remains forward-looking through lowering of corporate tax rate and investing in infrastructure development. The UK government’s current strategy is based on key themes that include: attracting investment to the UK; strengthening the multilateral trading system; enabling developing countries to benefit from trade and investment as well as identifying and maximising the benefits offered by the opportunities for UK businesses to trade and invest. As a result, the UK is among the top three destinations globally for inward investment. The UK Trade & Investment continues to support highgrowth and innovative small and medium-sized enterprises (SMEs), while strongly encouraging them to export and seize opportunities in high-growth and emerging markets - Brazil, Russia, India, China and South Africa (BRICS).
Outside of the UK national environment, the government continues working to expand the EU single market, defending the multilateral trading systems, helping the World Trade Organisation (WTO) to defend protectionism, supporting the European Commission in negotiating ambitious free trade agreements while working with businesses to identify and remove regulatory barriers to trade and investment.
[Adapted from Danny Lopez (2011) ‘UK Business Environment: Positive and Forward-Looking’, The Metropolitan Corporate Counsel Special Report, UK Trade & Investment)] Based on your knowledge and understanding of the Business Environment module, your role is to produce a report that can be used to provide advice to a company of your choice on how it can survive in changing and highly competitive UK...
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