Business Environment

BTEC HND Business

Assessment activity front sheet

Student Name:                                    Hafiz Naveed Ahmad Abbasi

Assessor Name: C Palmer

I.V Name: M Towler

Assignment Title: Business Environment

Unit:   1     Title: Business Environment

Purpose: The aim of this unit is to provide learners with an understanding of different organisations, the influence of stakeholders and the relationship between businesses and the local, national and global environment.

Date Set: 13/09/2011

Deadline: 29/09/2011

Learning Outcomes:

LO1: understand the organisational purposes of businesses

LO2: understand the nature of the national environment in which businesses operate

Activities:

  • Purposes of organisations (1.1, 1.2, 1.3)
  • Nature of the national environment businesses operate in (2.1, 2.2, 2.3)

Specific Assessment Guidance:

  • Read all questions carefully.
  • Use appropriate business terminology when answering questions.
  • Make sure sentences have correct grammar.
  • All work to be produced on Word processing software in an academic format.
  • Only use credible sources to support your work
  • Internet articles, books, appropriate magazines and newspapers can be used as sources of information
  • Harvard referencing or an appropriate referencing system must be used

REMEMBER TO SIGN, DATE AND ATTACH THIS FRONT COVER TO YOUR WORK 

Grading method: Pass, Merit, Distinction

Student Name:

I confirm that the submitted work is entirely my own.

Signed:                                                         Date:

BUSINESS CONSULTANCY: AJ CLOTHING 

As part of your job you have been asked to provide a briefing on information that will help a Clothing company develop its business in the UK WITH OTHER BUSINESSES IN THE European markets.

This information will be used by the Board Members in a meeting where they will look at the influence of stakeholders, national and global environments and the effect it has on business

LEARING OUTCOMES AND ASSESMENTS CRITERIA 

Learning outcomes 

On successful completion of this unit a learner will:

Assesment criteria for pass 

The learner can:

LO1 Understand the organisational purposes of business 1.1  Identify the purpose of different types of organisation.

1.2  Describe the extent to which an organisation meets the objectives of different stakeholders.

1.3  Explain the responsibilities of an organisation and strategies employed to meet them.

LO2 Understand the nature of the national environment in which businesses operate 1.4  Explain how economic systems attempt to allocate recourses effectively.

1.5  Assess the impact of fiscal and monetary policy on business organisations and their activities

1.6  Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation

 

LO3  understand the behaviour of organisations in their market environment 3.1            explain how market structures determine the pricing and output decisions of businesses

3.2             illustrate the way in which market forces shape organisational responses using a range of examples

3.3            judge how the business and cultural environments shape the behaviour of a selected organisation

LO4 be able to assess the significance of the global factors that shape national business activities 4.1 discuss the significance of international trade to UK business organisations

3.1             analyse the impact of global factors on UK business organisations

3.1              Evaluate the impact of polices of the European Union on UK business organisations.

 Task 1 

Business EnvironmentThe company wants you to assess organisation background and purposes, as well as stakeholders of organisations. To do this, you will need to :Using examples, identify the purposes of different types of organisation (1.1)

  1. Use a retail clothing organisation in the UK such as TK Maxx Primark or Zara and describe the extent to which an organisation meets the objectives of the different stakeholders; Customers, Suppliers, Employees, Debtors, Creditors, Financial institutions (banks, mortgage lenders credit factors), Environmental groups (corporate Social Responsibility), government agencies ( central government, local authorities-legislation) and trade unions (1.2)
  1. Explain the responsibilities of the retail clothing organisation used in part b above and strategies employed to meet them. Be sure to consider the environment, legislation and ethical issues. (1.3)

(Satisfies LO1-1.1, 1.2, 1.3)

Evidence for

Outcomes

Grade

Descriptor

Context/possible evidence
LO1

 

1.1

1.2

1.3

 

Pass You will identify different types of organisation and use basic examples for each one.

You will identify and explain different stakeholders (at least four) showing how the organisation meets their interest i.e. Customers through customer satisfaction survey and customer charter. Then  you will show how the organisation makes sure it meets its responsibilities i.e. Human Resource Department exists to be legislatively compliant with Employment laws in the UK.

Merit You will have shown that you have looked at a variety of information and used examples with key differences and similarities. Where you have found information that may be specialist, it is presented in a way that demonstrates your understanding and ability to be coherent, logical and appropriate.
Distinction You have gone beyond selection and appropriately showing information, to suggesting improvements for organisation to satisfy their responsibilities, bringing in evidence to back up tour recommendations and lateral thinking to problem solve any issues identified.

Task 2

To show the board the effects of the national environment on business, they have asked that you help them know more about economical and policy side of business. Your report will show:

  1. an explanation of how economic systems attempt to allocate resources effectively (2.1)
  2. an assessment on the impact of fiscal and monetary policy on business organisations and their activities (2.2)
  3. evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation.(2.3)
Evidence for

Outcomes

Grade

descriptor

Context/possible evidence
LO1

 

2.1

 

2.2

 

2.3

pass Definition of economic systems, allocation of scarce resources, explain different economic system functions on effective use of resources, showing clear differences e.g. transitional economy change a success for china through strategic methods of change, mixed economy explanation and examples of countries using it such as UK there is clear overview of the uk economy, its income and expenditures, budget deficits and some explanation of the current problems facing the government and how these may impact on businesses. You will probably illustrate your evidence with examples of different types of business.

Your evidence for this task is likely to use an example of a selected business to help focus your explanation of how legal and regulatory mechanism will impact on its commercial activates.

Merit You will have shown that you have looked at a variety of information and used examples with key differences and similarities. Where you have found information that may be specialist, it is presented in a way that demonstrates your understanding and ability to be coherent, logical and appropriate.
Distinction You have gone beyond selecting and appropriately showing information, to suggestion improvements for organisations to satisfy their responsibilities, bringing in evidence to back up your recommendations and lateral thinking to problem solve any issues identified.

Additional information

Grade Descriptor:

Pass-requires no further description,

Merit and Distinction should identify the grade descriptor to be applied and the possible evidence

Evidence for outcomes could include those of other units being studied

Student Role` should identify whether the work I individual or cooperative

1 Comment

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