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External influences essay psychology
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Assignment 1.4 - External Influences Scenario: For this assignment, you have been examining two contrasting business organisations. The final part of the assessment asks you to examine how your chosen organisations are affected by changes in their political, legal and social environments. Task 1: P6 Political: Political Factors are basically the important decisions that are made by the government. The UK is governed by the political party at a national level. This means they secure the most members/seats in the general election for parliament. These politicians have to make important choices/decisions for the public to vote for them. These political factors consist of political stability, Government support for different types of organisations, …show more content…
If the minimum wage has increased then Tesco's will need to make a decision. The decisions they will have to consider are whether they decide to pay more to their employees because of how well they work and because they have no choice or Tesco's will have to decide on how many employees they will have to cut. Taxation has a huge impact on organisations, especially Tesco's, as some of their products have increased on tax. Some products have increased in tax because it is considerate for the government such as for the economy, healthy living and the environment. Due to an increase of tax on certain products not many people will agree with the price they are paying for these specific products and/or services. This is the reason why it has a huge impact on the companies because they aren't gaining much profit from them, they are losing profit from …show more content…
These social factors consist of Demographic issues (political issues), Changes in structure, household and families education, attitudes to work, religions, crime levels, attitudes to male and female roles and lastly ethics. Demographic Issues relates to population issues which has a huge impact on businesses. It effects businesses because if the population grows bigger within the country and customers are demanding for availability in specific products and services, the businesses may not be able to gain availability from their suppliers. This could be because it is costing them too much and there maybe a lot of pressure on them too. Crime levels are another big impact on businesses because the companies would have to may out more money for security guards, pay for security equipment to check the building and lastly the business could lose out on employees as they may decide to leave work if the crime levels are becoming increased quicker. These affects are all due to crime levels increasing in certain areas where the business maybe
Tesco is a Public limited company (PLC), which means it is owned by shareholders and it is in the private sector Also known as the for-profit sector and Activities outside the public sector organizations and businesses that provide services and products based on market demands for a cost with the purpose of producing a profit for owners and shareholders in the organisations. Tesco is the biggest employer in the UK with over 250,000 employees and over 1,800 stores.
Tesco is trying to gain as high profits as they can because company investors or shareholders might thing about investing more money in to the business because of its success and development. Tesco wants to make its investors satisfied because it may affect business future.
Social Determinants are the conditions in which people are born, live, grow, work and age. The social determinants are mostly responsible for the health inequalities presented within society – the inequalities between different countries. Some examples of the social determinants are represented with the movie Billy Elliot. Social Determinants include – Social Gradient, Social Exclusion,
How do the social institutions of our country (e.g., schools, the health care system, the economy, religious organizations) play a role in encouraging social ...
The minimum wage must be raised because the cost of living has gone up considerably. Education is essential if one wishes to work, and the cost of education has increased drastically in the past twenty years. Companies should be requied to pay workers what they deserve, and that is more than minimum wage is now. With our new technology and the technology in the future work is harder and more complicated. A minimum wage increase would raise the wages of many workers and increase benefits to those disadvantaged workers.
Tesco currently has strong financial, technical, and physical resources and moderate organizational capabilities. Financial Resources -.. Tesco maintains a strong financial forecast, as shown below. Revenue growth for Top Drive segment Q3 2011 was 83.6 million. Increase derived from sales increase, operating days for rental fleet, and after-market sales and service.
Political Political factors relate to the extent to which the government, or the policies brought about by the government, may impact a business, a particular industry or the
Due to the fact that Tesco is in the tertiary sector it has limited liability; this means that if they get sued by an unhappy customer the “higher people” on the executive’s board will deffinatley not be affected it also means that the owners do not have to pay any debts towards the business as they are not responsible (whereas if this was unlimited liability they will be 100% no matter what). It will only negatively affect the company not the owners.
terms of behavior patterns and cultural values and norms. Social changes may have long-term effects. They include industrial revolution, abolition of slavery, and the feminist movement. Another form of social change refers to the progression that most people especially in America in terms of interactions with minorities.
The recession had massively affected Tesco, because of the recession people had less money to spend on their shopping therefore they were spending less of their money at Tesco which lead to a decrease in sales which would mean that Tesco were getting less profit month by month as people were losing more jobs and were having even lower income. Supermarkets had to raise the prices of their products including Tesco, because of this increase in pricing people could afford less.
Economics: Business flow has changed and economic issues like inflations and an increase in the minimum wage.
So where do the factor like race, class, or ethnicity and especially gender lie in the social secur...
The political environment can affect organizations. Political components influence buyer certainty and purchaser and business spending. Stability of political environment is essential for organizations
Police, fire and emergency services are affected by increased workloads and false alarms. Also, facilities, such as parks and public rest rooms which everyone in the community uses, become vandalized. Vandalism affects your pocketbook too. People pay their taxes for a reason, to build a better community for the future generation. When the community is vandalized, the people are the ones who have to pay for someone else’s damage.
Social factors affect our lifestyle, family and wealth. One specific social factor that stands out to me is gender equality in the work force. To be exact, I’m talking about the lack of equality towards women in the workforce. As stated previously, this social factor affects not only one 's livelihood, but also the amount of salary and the ability to obtain and sustain work for women.