These are external environmental factors and include political, environmental, social, technological, economic and legal factors affecting marks and spencer in executing its strategies this tool highlights the factor which is important and what an organization needs so as to compete in its industry, (clements & hendry, 2002. For the final part of your article you need to describe how political, legal and social factors are impacting upon the two organisations (colchester and shenfiedl) and their business activities (eg recruitment of staff, product design, transport of goods, promotion of products etc) make sure you cover at least two political and legal factors. Businesses have many factors which can impact upon success in the marketplace political, legal and social being three of the most important factors, which of course businesses must adhere to a consequence of not adhering to these expectations can result in imprisonment and penalties for owners of the business. Business, now-a-days is vitally affected by the economic, social, legal, technological and political factors these factors collectively form business environment business environment, as such, is the total of all external forces, which affect the organization and operations of business.
Many political factors have an influence on the business community, ranging from the philosophy of the governing party to political responses to economic trends. The political-legal environment covers the impact of political institutions on the hrm department all activities of hrm are in one way or the other affected by these factors to be specific, hr planning, recruitment and selection, placement, training, remuneration, employee relations and terminations are governed by the constitutional provisions. Describe how political, legal, social factors are impacting upon the business activities of the selected organisations and their stakeholders: sports direct political how the local, national, and international developments could affect the organisation and in what ways this could happen.
The political environment can impact business organizations in many ways it could add a risk factor and lead to a major loss you should understand that the political factors have the power to change results. 2 social factors affecting retail business government and social factors overlap in many areas including employment discrimination and, in some states, the recognition of same-sex partners as. • p6 describe how political, legal & social factors are impacting upon the business activities of the selected organisation and their stakeholders business activities are any activities carried out by the organisation to achieve its purposes. B)economic factors: the economic environment consists of macro-level factors related to means of production and distribution that have an impact on the business of an organization c) physical forces: components of physical forces are earth's natural renewal and non-renewal resources.
The legal, ethical and political environments generally relate to your need to abide by business laws and to meet the ethical or social responsibility standards of your customers and communities. Political, legal and social factors task p6: describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders each businesses have different factors which will influence how that will impact the business activities. How political, legal and social factors are impacting upon the business activities of the selected organisations how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders.
The impact of political, legal and social factors on tesco the senior management team at tesco have asked me to produce a presentation to illustrate how political, legal and social factors can affect the business activity of the company. Learners need to explain the influence of two different social environments on the business activities of the organisation(s) learners could select at least three of the most influential social features from each environment rather than attempting to explain the impact of a large range of social features. Btec business unit 1, business environment p6 m3 (describe how political, legal and social factors are impacting upon the busienss activities of the selected organisation and their stakeholders) (analyse how political, legal and social factors have impact. The legal factors that have an impact on tesco are some of the most important, tesco will need to abide by all the laws and regulations set n place, some of these laws may include the national minimum wage act 1998, the health and safety at work act 1974, both of these would be stated in the contract of employment that employees will have to.
The impact of political, legal and social factors on a business describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. In particular, assessing the impact of political, economic, socio-cultural, environmental and other external influences upon health care policy, proposals and organisational programmes is becoming a recognisable stage of health service strategic development and planning mechanisms. P6 - describe how political, legal and social factors are impacting upon asdas activities and their stakeholders explain political stability our country has a very good political team and it is stable in terms of the party that is in the lead of the uk.
Describe how polictical, legal and social factors are impacting upon the business activities of one business organisation and their stakeholder (think about recruitment, promotion, product design and also focus on three social issues like ageing population. Political political forces include regulatory requirements, legal concerns, and any impact from the current political climate of the country or region where the business operates. Describe the influence of the two contrasting economic environments on business activities within a selected organisation the chosen organisation to which i am going to be writing about is asda this is from the fact that i know more about asda and it is a big supermarket to which everyone knows about.