BUSINESS ENVIRONMENT OF UK

Business Environment of UK

Business Environment of UK

Introduction

Business Environment plays a crucial role in shaping the success and performance of a company. Business Environment encompasses all those elements and forces that have an influence on the overall operations and performance of a business. The term Business Environment refers to both the internal and external factors and structures that are within and beyond the organizational control respectively, and their subsequent control and management. There are several aspects associated with the Business Environment of UK. The private sector in UK has evolved considerably over the last few years. The sector has achieved a tremendous success over the last few years. The sector is growing every year and it has huge opportunities for the investors in the future. On the other hand, public sector has its own importance and contributes greatly towards the development of economy. This is the reason why maximum steps should be taken for improving the condition of Public sectors and providing them the opportunity to function well in the country. Both the sectors have got their own importance and they matter a lot in the overall running of the country. The only thing is that the nature and the working style of both these organizations are different. Though, the existence of the two sectors in any country is very necessary. The main purpose in this assignment is to examine the factors related to Private and Public sector organization in UK. The business environment that should be there for both organizations will be covered, as well. It would provide an opportunity to assess the factors associated with both Private and Public sector organization. Therefore, all issues related to Business Environment of UK will be discussed in detail.

Private Sector of UK

The Private Finance Initiative (PFI) allows corporations to access guaranteed flows of federal funds in exchange for the use of new facilities and the provision of asset-based services such as maintenance and estates management. The policy, developed in the UK since 1992 and, applied in fields of social policy analysis: notably, health and education. PFI has been a difficult policy to make work and since its introduction, governments, and, businesses have sought to develop strategies to shape both its evolution, and, its implementation. These strategies have aimed to overcome significant institutional, technical, ideological and practical barriers. Through business-government collaboration in relation to the restructuring of the institutions of the state, the production of the pro-PFI rationale and mechanisms for the spread of technical know-how, businesses, brought to centre stage in policy making and policy delivery (Broadbent, 2004, 10).

There can be no doubt that large corporations now play a much stronger role in making, and, implementing social policy than was the case thirty years ago. This arises both from the strategies adopted by corporations in pursuit of their own ambitions. This factor would expand capital accumulation, and from the perceived needs and a vowed desires of political decision makers within the state: meeting electoral demands for ...