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…
References — identification of literature and other sources used and referred to in the text. Assessment criteria To achieve a pass, the following assessment criteria must be demonstrated for each outcome |Outcomes |Assessment Criteria for pass | | |To achieve each outcome a learner must demonstrate the ability to: | | | | |1.Understand the organisational purposes of |Identify the purposes of different types of organisation | |businesses |Describe the extent to which an organisation meets the objectives of different stakeholders | | |Explain the responsibilities of an organisation and strategies employed to meet them | | | | |2.Understand the nature of the national |Explain how economic systems attempt to allocate resources effectively | |environment in which businesses
In this task I will be describing eight different stakeholders which are; customers, employees, suppliers, owners, trade unions, employer associations, local and national communities and the government. I will be stating what they are, who they are, why they useful, how they influence stake holders on organisation and why they are useful to business I have chosen which is Tesco and The British Heart Foundation.
1. What countries represent the largest global business opportunities for the next decade? What factors determine the size of the opportunity?
3. Many multinational companies market products under different brand names when conducting business overseas. For example, Unilever’s Axe Body Spray is called Lynx in the United Kingdom and Australia. Research some of your favorite brands (or products that you buy on a regular basis), and list if and how they use alternate product names when conducting business in foreign markets. Then, explain why a company might use a different brand name abroad.
of the goals and objectives the organisation is trying to achieve in relation to customer
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
Stakeholders have a significant influence on the aims of an organisation. They are the people who are affected by or interested in the business. In some organisations the shareholders are stakeholders, and at times have some of the decision power. In trade organisations, customers are also considered stakeholders; therefore their needs are part of the organisation’s overall objectives.
Referencing is when you acknowledge materials used while researching, including books; papers; websites and other published or unpublished materials. References are used to acknowledge the parts of your work that are based on information from other outside sources and have been written by someone else not by yourself. References are a way to acknowledge the other authors and give them accreditation. If you fail to use references, what you have written would be classed as plagiarism and will be discredited.
Assignment Brief: Add a further section to your article that provides an in depth explanation covering the points of view of the different stakeholders and provide a clear link between these points of view and the aims of the two organisations. For each stakeholder you have identified, explain how much influence they have on the aims and objectives of the two organisations.
Choose one real world organisation from one of the three sectors discussed in task one. Discuss this organisation in terms of the following:
(M1) Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations
Note: Students must attach this page to the front of the assignment before uploading to WECSERF.
Every stakeholder have their own process and roles, it can affects or can be affects by organization’s action. All stakeholders have own satisfied and unsatisfied (appendix 2).
“Stakeholders (or interest groups) are tangible, visible and approachable groups or institutions which have a direct influence on the functioning of an organisation.”
Especially, it should be determined that how these stakeholders are influencing the objectives and development of an organization.
Stakeholders are people or groups with interest in an organization that can affect or be affected by the organization itself, its objectives, or its policies (BusinessDictionary, 2015). Each stakeholder brings their own perspective to the table based on their relationship with the organization (e.g. internal or external role), their level of experience, and their area of expertise about the subject matter they are involved with. At a high level, the list of stakeholders for any organization could include people or groups such as: customers, employees, government agencies, suppliers, unions, community resources, shareholders, and business owners. For the purpose of this assignment, I will discuss and review stakeholders relative to the