Business Environment
REPORT Business Environment : A wide range of environmental influences can affect organisation strategies and performance. ... Environmental Factors: Bank of India: Considering Bank of India’s Environment Indian culture is not Environment friendly so Bank is bound to consider this factor. The Royal Bank of Scotland: UK culture is environment friendly so to earn goodwill and to remain friendly with environment is but obvious for the bank. ... Which is affecting badly on “Bank of India’s” business. ... But there are many new entries of co-operative banks considering Indian market, which is really affecting Bank of India’s business. These co-operative banks does not have too much barriers to overcome to enter in the market as it’s business is restricted upto particular region only. ... Bank of India is happy in maintaining it’s own business. ... The Royal Bank of Scotland: No wide branch network but as organisation took over Natwest Bank, a well known bank in UK now great opportunity to expand business with Natwest bank and grab UK market. ... The Royal Bank of Scotland: As main competition is with private banks no such threats, as working environment is almost same all over no such threat is there but the main threat is form Globalisation. ... Effects on Environment because of presence of these organisation: Bank of India: Presence of Bank of India has made a storng impact on Indian Banking Sector, mainly on it’s close competitors i. ... The Royal Bank of Scotland: Presence of The Royal Bank of Scotland has also brought many changes in it’s environment. ... Conclusion: After studying both the organisations, mainly examining it’s environment independently with the help of factors like legal, political, social, economical, social, competitive forces with models like porter’s five forces and also strengths, weaknesses, opportunities, threats and then comparing both the organisation considering their environment one can conclude that the environment strongly influences strategies and performance of organisation.