This website uses cookies to ensure you have the best experience. Learn more

Business Environment Frontsheet 2 Essay

724 words - 3 pages

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

Front Sheet
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...

Other Essays Like Business Environment Frontsheet 2

Hgchgfjhfjhgf Essay

1362 words - 6 pages . Stakeholders are part of the external environment. Which stakeholders| |will influence your business from unit 36? Compare this to the stakeholders of one other organisation of your choice. | |Task 2 |This provides evidence for P2, M1, D1

Starbucks Review Questions

669 words - 3 pages Case Study: Coffee, café, Kaffee, Or copi-Starbucks Spans the Globe Q.1: What factors in the external environment influence starbucks as it does business outside of United States? Give some examples from each dimension? A.1: The factors in the external environment which influence starbucks as it does business outside of United States are: 1. The local Standard of living where starbucks plans to open an outlet. 2. The similarity

Mmvv Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

821 words - 4 pages Theory and Practice Economic Environment HRM in a Global Context Human Resources Management in Practice Human Resource Management Human Resources in Business Strategic Human Resource Management Law for Accountants Human Enterprise Finance and Economics Organisational Excellence and Learning Business Excellence and Quality Management International Financial Management Page 1 of 2 Date Time 12noon 12noon 4pm 12noon 4pm 12noon 4pm 4pm 4pm

Business Law Study Guide

1123 words - 5 pages for resolving disputes outside traditional litigation. After first looking at the litigation process, you are then introduced to arbitration, negotiation, mediation, conciliation, minitrial, fact-finding, and the use of a judicial referee. The Legal System and the Legal Forms of Business OBJECTIVE: Explain the major components of the legal system. Resources: Ch. 1, 2, & 4 of Business Law: Legal Environment, Online Commerce, Business

Accounting Theory- Stakeholders

1239 words - 5 pages . Orts EW, Strudler A. 2002. The ethical and environmental limits of stakeholder theory. Business Ethics Quarterly 12(2): 215–233 Phillips RA, Reichart J. 2000. The environment as a stakeholder? A fairness-based approach. Journal of Business Ethics 23(2): 185–197. Stone CD. 1974. Should Trees Have Standing? Towards Legal Rights for Natural Objects. Kaufmann: Los Altos.

The Organizational Environment

650 words - 3 pages subcontractors or other businesses, rather than paid employees, for standard services such as accounting, payroll, information technology, advertising etc. 2. The major elements in the business environment impact model. • Economic environment - consists of economic factors that influence the business in a country. These factors include gross national product, corporate profits, inflation rate, employment, balance of payments, interest

To Build or Buy

1713 words - 7 pages least double what it is currently making if the owner would incorporate advertising and other marketing strategies to promote the business. Images get most of its business through word of mouth, which is great for the business. Images provides serives all cultural groups and provides quality services such as haircuts, shampooing, wash and sets, relaxers, and hair coloring. Also the company is advertising for at least 2 more hair stylist to serve


967 words - 4 pages   conducted  in  February  2011,  poor  governance  was  cited  as  the  biggest  reason for the low Business Confidence.             Figure 2: Reasons for Low Business Confidence in the 5th BCI survey  43% 40% 30% 20% 10% 0% High Inflation level Load Shedding (electricity & natural gas) Poor Policies Terrorism / Suicide bombings Overall Demoralizing situation High cost of running business 39% 26% 19% 16% 11%   The index also analyses

Better Business

603 words - 3 pages AIU ONLINE | Better Business | Unit 4 Individual Project | | Michelle Forbes | 2/10/2013 | The goal of this memo is to take a deeper look into two companies and their success in particular business situations. By taking these situations and learning new tactics from these companies, we will learn how to invent new tactics creating a successful business, whose ultimate goal is to ensure an orderly and fulfilling working

Business Environment

3673 words - 15 pages issues and planning of UK regional airports. Journal of Transport Geography, 10(4), pp.249-258. Ito, H. and Lee, D., 2005. Comparing the impact of the September 11th terrorist attacks on international airline demand. International journal of the economics of business, 12(2), pp.225-249. Koutsoukos, S. and Otter, D., 2014. Creating effective trading blocs: What lessons does the European Union provide?. The Business Environment: Themes and Issues in

Bba Hons 4 Yare Program

788 words - 4 pages Undergraduate Electives of 24 Credit Hours from the following list: S.NO C. CODE TITLE 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. MKT503 MGT302 MGT508 ITM501 QNT401 QNT402 QNT502 ECO404 ECO403 ECO404 MGT510 MGT511 ECO402 Buyer Behaviour Business Law and the Legal Environment Project Management MIS and E-Business Statistical Inference Quantitative Methods Business Econometrics International Business & WTO Pakistan Economy Global

Related Papers

Assignment 2 Business Environment

2261 words - 10 pages )  It is also important because it helps an organisation make decisions. Most businesses have either a tall or flat organisational structure that influences decisions being made. Larger businesses such as Sainsbury’s have a tall organisation structure because they are lots of different layers of management and many people who need to be organised. However, smaller business such as Huddersfield New College and a pub have a flat organisational

Business Environment Essay

862 words - 4 pages other hand, the word ‘Environment’ refers to the aspects of surroundings. Therefore, Business Environment may be defined as a set of conditions – Social, Legal, Economical, Political or Institutional that are uncontrollable in nature and affects the functioning of organization. Business Environment has two components: 1. Internal Environment 2. External Environment Internal Environment: It includes 5 Ms i.e. man, material, money, machinery and

Unit 1 Principles Of Personal Responsibilities

943 words - 4 pages employers also benefit from meeting deadlines, and having people progress internally and stay within the company. Section 2 – Understand the purpose of health, safety and security procedures in a business environment 1. Identify employer and employee responsibilities for health, safety and security. If possible, provide relevant health, safety and security policies / documents from your workplace (or place of study) to

Doing Better Essay

1264 words - 6 pages Brac University. 1. How can the removal of the inner plastic sleeve from Kit Kat Bumper packs be seen as a move towards sustainability? Answer: Business and environment must go such a way that could bring benefits for both of them. It cannot harm environment’s any element. Even their objective of business must contain a message related to environment