BUSINESS

Business Environment in London

Contents

Introduction2

Discussion3

Business Centre3

Advantages3

Challenges4

Climate4

Support5

Communications6

Skilled Mobile Workforce7

Market Opportunities7

PEST Analysis10

Political Analysis10

Economic Outlook10

Social Analysis11

Technological Analysis11

SWOT analysis12

Conclusion12

Business Environment in London

Introduction

London is one of the top places of Europe for conducting Business. Although, it has faced few problems in the past, but currently it offers a great business environment for Business. According to 500 international executive, London is Europe's the best place for Business. It has Europe's largest financial market and is a host of large domestic and multinationals of the world. The cost of living, communication and the utility cost in London are far lesser than other places in not only England, but also other parts of Europe. Moreover, London is also hosting Olympics in 2012, which not only offers substantial opportunities for new businesses, but also offers a great opportunity for businesses already operating in England, as it would increase the market of the business. A lot of visitors will be coming to England, which will be a great opportunity for businesses.

The Coach company can take advantage from this situation as it is a transportation based company. It currently operates in Manchester, and it plans to expand its business. London could prove to be a great long term investment. They specialize in transportation services of various kinds. It could offer exceptional services to the players coming to London and the officials. London Olympics could also increase the image of the company, as many countries would be involved in the event. In this paper, we will discuss the pros and corn of expanding the business in London, and what opportunities it offers to the company.

Discussion

Business Centre

London as a city has developed significantly in the recent past. It has a very investor favourable environment. There has been a large infrastructural development taking place in London for many years; many new businesses have started working in the city. Researchers see London as the Business Centre of the World in the 21st Century. Hence, it is a powerful business avenue and will benefit The Executive Coaching Consultancy.

Advantages

London has an air connection with all almost all parts of the world and more than 80% of international airlines fly into London airport, which signifies its importance. According to the study conducted by Healey & Baker, London has the best telecommunication services. It could be a very important venue for a business starting its operation in a new city. It is the only country in the EU with a deregulated system. It is a city with advanced technology; Digital Switching System was first introduced in London. The best thing it offers is the low cost of technology, which differentiated the city from others (Wren & Colin, 2001, pp. 847-860).

London's labour force is well trained and relatively low cost. According to the Institute of Deutschen Wirtschaft, UK labour costs are 70% of those in Germany. The 3.3m who work in London is well educated. One in five of the London workforce is graduates by far the highest density in the UK. The workforce is also international and ...