How the cultural environment determines the behaviour of GSK

Unit 1 Business Environment - GSK - Level 5 (Diploma in Business)

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Task 1

Question 1 Identify the purposes of GlaxoSmithKline(GSK) the National health service of UK(NHS), the Red cross and any cooperative society in UK that you are familiar with.

Question 2 Describe the extent to which GSK meets the objectives of its key stakeholders

Question 3 Explain the responsibilities GSK has towards its key stakeholders and the strategies employed to meet them

Task 2

Question 2 Taking into consideration the recession that faced UK in 2009 assess the impact of the UK government's fiscal and monetary policies on the activities of GSK and AZ.

Question 3 With reference to the Enterprise Act 2002 and article 101 and 102 of the EU legislation, evaluate how the UK/EU competition and regulatory policies can or have impacted on the activities of the GSK.

Task 3

Question 2.Using a range of examples, illustrate how the forces of demand and supply affects the pricing and sales decisions of GSK

Question 3

(a) With the aid of the management tool called PEST/PESTEL judge how the business environment impacts /affect the behaviour of GSK

(b) Judge how the cultural environment determines the behaviour of GSK

Task 4

Question 1 Discuss the significance of international trade to GSK and AZ

Question 2 GSK and AZ are multinational companies operating in many parts of the world. Analyze how global factors can affect their activities (Consider, political, economic, social, technological, ecological and legal factors in the global context but not local)

Question 3 Evaluate how the policies of the European Union, including the ones mentioned below, can or have impacted on the activities of GSK and AZ

Task 5

Explain the three economic systems (Free market, command and mixed) and discuss why you think one of them allocates resources more effectively than the others (AC 2.1)

Task 6

Explain how prices and output decisions are determined in a perfect competitive market, Monopoly, monopolistic competition and Oligopoly. (3.1)

The Unit 1 Business Environment GSK Assignment for the Level 5 Diploma in Business typically requires students to analyze the business environment in which GSK operates. Students may be asked to:

• Identify the key economic, political, social, technological, environmental, and legal factors that impact GSK.
• Discuss the opportunities and challenges that these factors present for GSK.
• Evaluate GSK's current business strategy in light of the business environment.
• Make recommendations for how GSK can adapt its business strategy to the changing business environment.

To complete this assignment successfully, students will need to have a good understanding of the business environment and how it impacts businesses. They will also need to be able to apply their knowledge to a real-world organization, such as GSK.

Here are some tips for completing the Unit 1 Business Environment GSK Assignment:

Start by conducting a thorough research on the business environment in which GSK operates. This includes factors such as the global economy, government regulations, social trends, technological advancements, environmental concerns, and legal changes.
Identify the key opportunities and challenges that these factors present for GSK. For example, GSK may face new opportunities to expand into new markets as a result of globalization. However, GSK may also face new challenges from increased competition and government regulations.
Evaluate GSK's current business strategy in light of the business environment. Consider whether GSK's strategy is aligned with the key opportunities and challenges that it faces.
Make recommendations for how GSK can adapt its business strategy to the changing business environment. For example, GSK may need to invest in new technologies to maintain its competitive edge.

When writing your assignment, be sure to follow the instructions carefully and use proper academic grammar and style. It is also important to proofread your work carefully before submitting it.

If you need help with your Unit 1 Business Environment GSK Assignment, there are a number of resources available to you. You can ask your instructor for help, or you can seek assistance from a tutor or academic writing service. There are also a number of online resources that can provide you with guidance on completing this assignment.

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