Assignment brief BTEC Higher National Diploma (Business) Level 4 ACADEMIC COLLEGE OF LONDON |Unit Number |1 | |Unit Title |Business Environment | |Name of the Assessor | | |Date of Issue | | |Submission | …show more content…
Usually, adjustments would be made to strengthen the organization on the areas considered to lack the right competences. As a student of this course, you are expected to demonstrate you understand the challenges thrown by the environment within which businesses operate. You are to analyse these challenges and show how organizations are poised to address them without losing focus of the overall aims and objectives of their business. You are to assume you are a manager in the retail giant of your choice, such as TESCO, and together with a team of consultants you have been asked to compile and analyse the pressures and problems confronting your employing organization. You will present these findings in the form of a report covering a range of tasks. Tasks: 1. Identify the mission, objectives and responsibilities of the organization within its environment. • Identify the mission, values and key objectives of the organization and explain how it differs for different organizations. (P1) • Evaluate the extent to which the organization achieves the objectives of these stakeholders.(P2) • Explain the responsibilities of the organization and strategies employed to meet them, towards all stakeholders.(P3) 2. Investigate the economic, social and global environment in which organizations operate. • Explain how economic systems attempt to allocate and make effective use of resources.
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1.2 Analyse objectives of own area of responsibility in relation to those of own organisation.
The role of business in an economy is involved in any type of activity that provides goods, services, or both to consumers in an attempt to earn a profit. Business drives up the standard of living of quality and quantity of goods and services available to a population and contributing to the higher quality of life in which is overall sense of well-being experienced by either an individual or a group. Business also helps raise the standard of living through taxes. However businesses do not only provide the products and services that people acquire, but they as well provide job opportunities that people
Firstly the organization needs to identify and analyze the interests of various stakeholders. Ones the identified and analyzed an understanding of their interest is taken into consideration. The interest are not always meant to hinder the prosperity of the organizations others are meant to make business run smoothly without major problems hence all the interest considered and filtered. Stakeholders are analysed and then the most affected will be decided through a forum of dialogue on how to go about the problem can be discussed. Another way hat stakeholders can be brought at board to be part of solution is through use of brainstorming session. In this case all the involved stakeholders are tasked to come up with as many possible solution as their can for a particular problem without judging on their feasibility. Once on paper, the ideas now needs to be scrutinized, assessed, combined or expanded until they become workable solutions to their problem. Organizations can as well employ a strategy in solving particular problems involving a stakeholder. In this case due to specificity of the problem the stakeholders can look for the possible way to address them including weighting the pros and cons of various available alternatives and choosing the most favorable one which will serve them the
As president of a small business, Brian 's top priorities are to establish healthy relationships with stakeholders, as well as maintaining different social responsibilities. Stakeholders are made up of
This report will demonstrate, apply and evaluate knowledge and understanding of key managerial disciplines of the chosen high street retailer, Marks and Spencer, in different real-world global contexts. According to the report by Deloitte, the retail industry is undergoing immense changes and faces a tough competitive
This section provides the context for the issue / organization being examined. It is necessary and important that the class be given a feel for the type of organization and industry being examined, the marketplace in which that industry operates, and the overall business environment in which the discussion and analysis will take place.
IDENTIFY AND REVIEW THE RELEVANT RANGE OF OPERATIONS AND THE SPHERE OF BUSINESS ARRANGEMENTS OF THE ORGANISATION
A business has many influences that provide a duel effect on its operations. Not only can they cause the business to undergo change and continually adjust to the external factors in the business environment, but they also provide threats and opportunities in the operations process.
Choose one real world organisation from one of the three sectors discussed in task one. Discuss this organisation in terms of the following:
In this report the business I have chosen to evaluate is Tesco’s. Tesco’s is one of the largest supermarket stores around the world; it has 330,000 staff working in 3,146 stores, there are stores located in China, Turkey and Japan. Research shows that they have stores in 9 other different countries and 27 million people outside of the UK own their own club card to receive offers and discounts from Tesco’s. They sell a range of different products to suit customer’s needs. The products range from food and groceries, their own clothing brand F&F, their own mobile phone network, and also have personal banking. Tesco’s are all
This assignment is based around a retail organisation. This organisation is in the fashion sector, primarily selling ladies fashion (although it does have some lines for men and children). The organisation has 34 stores, primarily based in the Midlands and South of the UK. It tends to employ significant number of students during the holiday period (to help cover staff holidays) and it always employs a number of temporary workers in the busy weeks leading up to Christmas.
The organisation I chose for this assignment is called J Sainsbury plc. J Sainsbury plc is one of the world's leading retailers, playing a part in the lives of 15 million customers a week. John James and Mary established Sainsbury Supermarkets in 1869. Sainsbury's Supermarkets employs over 138,000 people. Of these 70 per cent are part time and 30 per cent are full time. 58 percent of colleagues are women. A large Sainsbury's Supermarket offers over 23,000 products - 40% of these are Sainsbury's own brand. Sainsbury's serve nearly 10 million customers at 432 stores throughout the UK each week. Of these stores, 17 are in Scotland, nine in Wales and seven in Northern Ireland. Nearly 60 percent of
P1: Explain different types and purposes of organisations; public, private and voluntary sectors and legal structures.
To begin with, Chapter two covers three important aspects of the business world which are competitiveness, strategy, and also productivity. These particular aspects are very important for any company to succeed in the world of business. With that being stated, any type of firm such as a manufacturer or a service provider, they must employ these three aspects because they play an important role in growing revenues. For an organization to even be considered successful, they must have a competitive advantage which leads to a strategy that will meet the company’s goals, while having the knowledge-ability to help produce the goods and services in a cost effective manner. Also, it is known that most organizations have a single state called the Mission Statement. The mission statement basically summarizes these three aspects of a company. One question that the Mission Statement should address is, “What level of business are we in?” This mission statement is categorized as the absolute basis for the organizational goals.