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.
1.4 Explain how economic systems attempt to allocate recourses effectively.
LO2 Understand the nature of the national environment in which businesses operate
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
3.1 explain how market structures determine the pricing and output decisions of businesses LO3 understand the behaviour of organisations in their market environment
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
4.1 discuss the significance of international trade to UK business organisations LO4 be able to assess the significance of the 3.1 analyse the impact of global global factors that shape national business factors on UK business organisations activities 3.1 Evaluate the impact of polices of the European Union on UK business organisations. Task 1
The 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
Grade Context/possible evidence
Outcomes
Descriptor
LO1
You will identify different types of organisation and use basic examples for each one.
1.1 Pass 1.2 1.3
Merit
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. You will have shown that you have looked at a variety of information and used examples with key differences and
Distinction
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. 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: 2. an explanation of how economic systems attempt to allocate resources effectively (2.1)
3. an assessment on the impact of fiscal and monetary policy on business organisations and their activities (2.2) 4. evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation.(2.3) Evidence for
Grade
Outcomes
descriptor
Context/possible evidence pass LO1
2.1
2.2
2.3
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
Distinction
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. 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