economic depression unemployment rates and decrease in the flow of money into the economy. Thorpe Park will find it exceedingly difficult to earn profits. As a result they reduce their staffs that lead to unemployment. But they only hire seasonal staff who only work 9 months of the year so employees will become unemployed at the end of the 9 months every year. Unemployment is a major influence on Thorpe Park as it will affect its products for example if they are short on staff one person cannot check
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The impact of Political‚ Legal and Social factors on a business Describe how political‚ legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Political factors: ‘’Political factors are how and to what degree a government intervenes in the economy.’’ (http://en.wikipedia.org/wiki/PEST_analysis) Political factors include: * Environmental regulation and protection * Taxation ( corporate: consumer) * International
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am going to describe how political‚ legal and social factors are impacting upon activities in Barclays PLC‚ Diabetes UK and their stakeholders. POLITICAL‚ LEGAL AND SOCIAL FACTORS PLS analysis is very useful for studying the environment in which a company operates and accessing external factors influencing the company in the markets it operates. PLS is the acronym for the following categories of investigation: political‚ legal and sociological factors.
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Thorpe Park The key activities of Thorpe Park are to provide a safe but very enjoyable theme park that will attract people from all over the country. There is a retail department that consists of 8 shops and 3 barrows throughout the park as well as food outlets. Another activity that Thorpe Park offers is the Human Resources department which is responsible for providing an effective and proactive service in respect to the welfare‚ training‚ development‚ reward and recruitment of the Park’s
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Aim: Thorpe Park – “To become world leader in branded location based entertainer”- As Thorpe Park is a profit organisation their main goal is to make money for their owners and any shareholders that they have‚ they also try to increase market shares. Wardown Museum – “To provide high quality attractive cultural services which meet the diverse needs of local communities and visitors” – Being a non-profit organisation making money is not important which is why in their aim they only talk about provided
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Political- Relates to changes in government influence and can have huge significance for companies. Changes in the priorities for public spending or the UK ’s relationships with other countries can open or close major markets. Political changes are closely tied up with legal changes. Laws are continually being updated in a wide range of areas‚ e.g. consumer protection legislation‚ environmental legislation‚ health & safety and employment law‚ etc. Employees should be notified of all legislation
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Thorpe Park Task 1 AO1 Company history What is Thorpe Park Thorpe Park is a theme park located in England‚ surrey which was built in 1979‚ with an aim of being a water themed park. At first the site was a gravel pit owned by Ready Mixed Concrete Limited who excavated gravel‚ but then in the 1970’s the company flooded part of the site with the intention of creating water based theme park; the other side of the park would have been used for an educational park with the theme of the history of British
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the same with Thorpe Park as they have four main stakeholders and each of them have their own Customers-The customers play an important role in any business’s company especially Thorpe Park as the main purpose of their business is to provide a service. The company uses different tactics to keep the customers happy such as promotions‚ for example; Thorpe Park offers discounts to the customers that arrive together in large groups. Customers have a potent influence not only in Thorpe Park but in other
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P6 & M3: Political‚ legal and social factors impacting the business There is a range of influences that can affect the business in the business environment. Usually these influences cannot be controlled by the business itself. In P5 and M2 tasks I have presented the different economic impacts‚ and now I will present the political‚ legal and social factors in my P6‚ M3 and D2 tasks. Political factors There are 3 types of government that affect the country and these are Local‚ National Government
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Thorpe Park – Human Resources Human resources at Thorpe Park are an important aspect of helping the theme park run smoothly. One of the job responsibilities human resources at Thorpe Park must ensure is that the staffs has good working conditions and health and safety is clear. It is important that staff at Thorpe Park have appropriate working conditions in order for them to do their job. Because they are working around highly electrical and dangerous equipment‚ they must also be aware of the
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