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Business Environment Frontsheet 2 Essay

724 words - 3 pages

School of Business
BTEC HND in Management/Marketing/Human Resource

Front Sheet
SFU/QSF-ACD-006
Rev 001 dated 9/20/10

UNIT 1–Business Environment

Student number/Student Name: Leanne Principe | Group: Section B |
Activity Reference: 1-02 | Date due:Draft: 13 March 2014; Final: 18March2014 |
Assessors: | Date submitted: 18 March 2014 |

Outcome / Skill | Evidence | Assessor’s decision | Feedback |
LO2.Understand the nature of the national environment in which businesses operate | 2.1 Explain how economic systems attempt to allocate resources effectively. | 1 | | |
| 2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities. ...view middle of the document...

1) 2. Assess the impact of fiscal and monetary policy on your selected organization and their activities. Economic performance indicators; fiscal, monetary, industrial and social welfare policies; the U.K. economy(2.2); Select/Design and apply appropriate methods/techniques using EFE matrix (M2) Present through graphs, diagrams and tables, with appropriate explanations, the economic indicators of the U.K. and one other country. (M3); Reflect on the trends, uncertainties, growth of the economy and the impacts on yourself and your plans (D1). 3. Evaluate the impact of competition policy and other regulatory mechanisms on the activities of your selected organizations; Competition Commission and roles of government regulatory bodies; (2.3) 4. Market types: perfect competition, monopoly, oligopoly, duopoly(3.1) 5. Market forces and organizational responses: supply and demand situation, elasticity, economies of scale; how organizations grow or decline over time (3.2);show how a competitor responds through financing, restructuring, joint ventures, outsourcing, innovation, etc.(D2) 6. Business and cultural environments that shape behaviour ofan organization : Business environment (political, economic, socio-cultural, technical, legal, ecological) and culture shape an organisation(3.3). Identify and apply to your organization using PESTLE(M1). Suggest strategies that can be adopted by your organisation to remain competitive. Use SWOT Analysis or Porter’s Five Forces(D3).GRADING: To...

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