Introduction For this task I have been asked to discuss the stakeholder’s aims and objectives of my two businesses. It is important for stakeholders to have an influence as they can offer ideas and anything the company is doing is in their interest. Aims of Waitrose • The aims of Waitrose are to offer a top quality service and also try have get their customer to be eating organic affordable food by 2012. • They also are trying to get their own farm to own and grown organic crops. Objectives
UNIT 1 ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit, you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment
OCR Business Administration Level 3 Diploma Unit 1 Communicate in a business environment 1.1 Analyse the communication needs of internal and external stakeholders Stakeholders may include • Shareholders • Directors • Colleagues and managers • Customers • The local community in which a business operates • Standards agencies External and Internal stakeholders should be approached using different communication methods according to stakeholder’s involvement with and position within the company.
COLBOURNE COLLEGE STUDENT COVER PAGE TERM PAPER STUDENT’S NAME: Tashornna Simpson STUDENT ID NUMBER:COL 1269 COURSE TITLE: Business and Environment COURSE UNIT: BTEC Unit 1 RESEARCH TITLE: IN PARTIAL COMPLETION OF: DATE: December 19,2014 NAME OF LECTURER: Mrs. Robb- Walters TABLE OF CONTENT TITLE Page Introduction………………………………………………………
Unit 1 Exploring Business Activity Assignment 3 P5 In this essay I will be describing how three external factors are impacting upon the business activities and stakeholders of John Lewis and Oxfam. The first of the three external factors I have chosen is the credit crunch. The credit crunch is a decline in the availability of loans or a tightening of conditions required to take out a loan from banks. It also means that there are reductions on the interest rates set up by banks for saving
Economic factors – which include interest rates, economic growth, exchange rates, inflation and taxation changes (Nieman, G; 1998). The change the economy can have a major impact on the behaviour of the business. For example: inflation may cause a higher wage demand from employees (Herrigton, Kew & Kew; 2009). Social Factors – The changes in social trends can have impact on the demand for the firm’s service and the ability of the commuters and employees to work (Nieman; 1998). Technological
Task 1 Describe the type of business, purpose and ownership of 2 contrasting types of businesses. Sole Trader A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. Sole trader’s usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. The owner is responsible for everything that goes
BTEC National in Business Unit 1- The Business Environment Assignment 1 – Types of Businesses Task P1 The BBC is the largest broadcasting organisation in the world. Its mission statement is to enrich people lives with programs that inform, educate and entertain. The BBC has the second largest budget of any UK broadcaster with an operating expenditure of £4.23 billion in 2009/2010. The only UK broadcaster with a larger operating expenditure is British Sky Broadcasting with £5.9 billion (http://en
|Assignment title: |Business Environment | | |The purpose of this assignment is to: | |Allow you to demonstrate your understanding of a range of business organisations and the factors which impact the operations of these businesses in| |the contemporary world.
Unit one: Principles of personal responsibilities and working in a business environment Assessment Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). In a contract for the job of Credit Controller the main points that would be included are: 1. Job title, job role