...Describe the influence of two contrasting economic environments on business activities within a selected organisation. M2: Compare the challenges to selected business activities within a selected organisation, in two different economic environments. This assignment is asking me to describe the influence of two contrasting economic environments on business activities within a selected organisation. Nike is a global brand specialising in the design and manufacture of athletic apparel, footwear, accessories and equipment; it is headquartered in the United States, Europe, and the Asia Pacific Region. Its products are available through over 20,000 retail outlets, including those in its own footfall outlets, e.g. Nike Factory stores. This study considers the contemporary business environment of Nike using a PESTLE approach, paying particular attention to any human resources management (HRM) issues that may arise under each heading. Overall, it is argued here that Nike has attempted to address various business and social challenges by harmonising its value proposition to ‘Consumers, shareholders, business partners, employees, and the community.’ There are many external environmental factors that can affect your business. It is common for managers to assess each of these factors closely. The aim is always to take better decisions for the firm’s progress. Some common factors are political, economic, social and technological (known...
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...(M2) Compare the challenges to selected business activities within a selected organisation, in two different economic environments. It is very common in large businesses to expand abroad but there are a lot of factors to be considered when planning to start operation in a different country as countries differ depending on their background, policies, infrastructure and stability. In this report I will compare the challenges to business activities within Tesco Plc. In two different economic environments: China and UK. I have chosen China and UK as two contrasting countries and my chosen business is Tesco Plc., a large retail store in the UK. China is the 2nd most populated country in the world and is the largest economy in the wold in contrast UK has a significantly smaller population than China and is the second largest economy in the world. Chinese businesses have become much more efficient and China is now the largest Asian economy by a long way: meaning that if Tesco wanted to expand into China it would face a lot of competition and successful businesses with similar products. Tesco’s main most popular products are food and beverage where China is one of the world’s top producers of cereals: wheat, rice and sugar also meat, fruit, vegetables, tea and coffee which shows that in case where Tesco decides to start operating in China this could be considered as a challenge as locals would refuse to buy food from a retailer such as Tesco when they’ve got their own products. The...
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...M2: Compare the challenges to selected business activities within a selected organisation, in two different economic environments Compare – what are the similarities and what are the differences Country: UK Economic variable | Effect on supply | Effect on demand | GDP (growth (low growth), recession) | The suppliers will start reducing their supplies to Toyota, which further decrease the GDP of the country. Toyota will also start producing fewer cars to be sold if less people are buying and upgrading their cars. | If less people have extra money to spend on goods, they’ll be looking after their car, which means all the cars that they’ve made are stuck on the production line, untouched and wasting away. | Inflation | Inflation prices in the UK are high compared to other countries i.e. china that produce and make things at cheap prices, if they prices go up for raw materials, Toyotas profit margin decreases or they can drive their prices up. | High inflation rates means demand will fall because as suppliers increase their prices, Toyota will want to have roughly the same profit margin, so their prices go up and with GDP at an all time low, less people will be buying their cars | Interest rates (cost of credit) | Companies borrow large sums of money if there looking to expand their operations, low interest rates could result in banks restricting the amount they give out and who they loan to, so if it’s a relatively small business, which might not be able to pay...
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... | |5th November 2012 |3rd December 2012 |3rd December 2012 | |Qualification |Unit number and title | | | | |BTEC Level 3 National Subsidiary Diploma in Business |Unit 1: The Business Environment | | | | |Assignment title |Similar Businesses in Different Worlds | |In this assessment you will have opportunities to provide evidence against the following...
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...Year 12 BTEC Level 3 Subsidiary Diploma in Business BTEC Level 3 Diploma in Business Year 12 BTEC Level 3 Subsidiary Diploma in Business BTEC Level 3 Diploma in Business Unit 1- The Business Environment Unit 1- The Business Environment | Student name | ------------------------------------------------- Assessor name | | | Date issued | Completion date | Submitted on | 5th September 2013 | 29th November 2013 | 2nd December 2013 | Qualification | Unit number and title (Credit Value) | BTEC Level 3 Subsidiary Diploma in BusinessBTEC Level 3 Diploma in Business | Unit 1- The Business Environment Credit Value- 10 | | | Assignment title | | The aim of this unit is to give learners the fundamental knowledge of a range of business organisations, and the many factors that shape the nature of organisations operating in an increasingly complex business world. | | Assignment title | | The purpose of this assignment is to: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes 3. Know the impact of the economic environment on businesses 4. Know how political, legal and social factors impact on business. | ScenarioYou work for the Chamber of Commerce as a Business Adviser and have been asked to visit businesses in the local area to outline to them the variety of businesses which exist and to explain to them the factors which...
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...| | | |FORM AB1: BTEC ASSIGNMENT BRIEF | | |QCF ASSIGNMENT FRONT SHEET | | |Qualification |Unit number and title | |BTEC SUBSIDIARY DIPLOMA IN BUSINESS STUDIES |UNIT 1: BUSINESS ENVIRONMENT | |Learner name | Assessor name | | | | |Date issued | Hand in deadline |Submitted on | | | | | | ...
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...sheet Qualification BTEC ED in Business Cohort Unit 3 1/2, Introduction to marketing Assessor Learner name Boris de Kleer name Issue date 17-11-2014 Submission date 2014-2017 Unit number and title C. Segers Submitted on Please list the evidence submitted for each task. Indicate the page numbers where the evidence can be found or describe the nature of the evidence (e.g. video, illustration). Criteria reference To achieve the criteria the evidence must show that the learner is able to: Task no. Page number or description P1 Describe how marketing techniques are used to market products in two organisations Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. Evaluate the influence different stakeholders exert in one organisation. Describe the different stakeholders who influence the purpose of two contrasting businesses Describe how two businesses are organised. Explain how their style of organisation helps them to fulfil their purposes. Describe the influence of two contrasting economic environments on business activities within a selected organisation. Compare the challenges to selected business activities within a selected organisation, in two different economic environments Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Analyse...
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...|Unit Number and Name: |Unit 1 The Business Environment | |Unit Code: |D/502/5409 |Credit Value: |10 | |QCF Level: |BTEC National |Guided Learning Hours: |60 | |Assessor: | | Unit 1 The Business Environment |Assignment Deadlines | |Assignment Deadline Date: |Hand out date: |Submission date: | | |Task 1 (P1 P2 M2 D1) | | | |Assignment Hand in Dates | | | | | |Task 2 (P3 M1) | | | | |Task 3 (P4) | ...
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...BTEC Level 3 in Business – Unit 1 – The Business Environment Context Think of a business as a ship on the high seas. The captain and crew of the ship are steering the ship on its journey but the ship is also affected by other influences such as the weather, tides and currents. The captain and crew have no control over these but they must be able to respond effectively to the intervention of events such as a storm in order for the ship to successfully complete its voyage. Just like a ship has to respond to the influences of its environment (the ocean) a business must also react to a number of factors that will be beyond its control. These can come from hugely varied sources, from the weather to a war on the other side of the world. The economy and government attempts to control it are more obvious influences on business activities but how each business will be affected are vastly different. During this unit you will investigate the differences in businesses; how they are run organised and influenced. Why certain businesses are organised in different ways and which individuals and organisations are interested in the progress of different businesses. By the end of this unit you should understand: • The range of different businesses and their ownership. • How businesses are organised to achieve their purposes. • The impact of the economic environment on business. • How political, legal and social factors impact on a business. Scenario A bank wants...
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...BTEC LEVEL 3 Unit 1 THE BUSINESS ENVIRONMENT ASSIGNMENT ONE Within this unit you will consider the different types of businesses and sectors, their strategic plans and consider their main stakeholders. In the second half, you will be considering the impact of external influences (political, legal and social) on businesses. Scenario: You are a junior journalist working for the Business Review. You have been asked to write an article for prospective businessmen and women thinking of setting up a new business. Most businessmen and women you have spoken to are not sure about the legal ownerships and activities of businesses generally. They also feel they require more information regarding how some local, national, international and global businesses operate. You should research two organisations; one should be a not-for-profit organisation and the other a for-profit organisation. (For-profit organisation should be McDonalds; you must now select a not-for-profit organisation of your choice). P1: describe the type of business purpose and ownership of two contrasting businesses. Here you will need to include all the information outlined below: 1. TYPE OF BUSINESS BY SECTOR The type of business in terms of: * Geographical scope (local, national, international or global) * Sector (primary, secondary, tertiary) * Type of goods/services offered 2. TYPE OF OWNERSHIP * Describe the different types of ownerships (Public/private sector; sole...
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...Edward Lynch Describe the influence of two contrasting economic environments on business activities within a selected organisation (P5) and Compare the challenges to selected business activities within a selected organisation, in two different economic environments (M2) In this task I will be looking at two contracting economic environments on business activities within a selected business, the business which I will be looking into is Ipeco, which is engaged in the design, development, manufacture and test of niche products for the aerospace and defense industries. Ipeco main headquarters is based in England (Southend-On-Sea) and they also have businesses in the United States of America. The economic environment is the totality of economic factors, such as employment, income, inflation, interest rates, productivity, and wealth, that influence the buying behavior of consumers and institutions. The economic environment is forever changing and sometimes this can be for good or bad. Stability in the economy is forever changing again for good and bad and it all depends on if we have changed are buying habits, if we spend more we will have a strong and stable economy and it’s the opposite for a bad and unstable economy, if people spend less and save more the economy will begin to full because the money is not being spent. Economic growth is the opposite to recession, economic growth is the period of time in where more goods and are being produced by producers and...
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... Business Environment |Unit 1 | |Learner Name: |Date issued: | | |Learner Reg. No. : |Date due for return: | | |Teacher: |Mr O Henry |Date submitted: | | |Email: |o.henry@stthomasmoreschool.org.uk | | | Learning outcomes On completion of this unit a learner should: • Know the range of different businesses and their ownership • Understand how businesses are organized to achieve their purposes. • Know the impact of the economic environment on businesses. • Know how political, legal and social factors impact on business. Unit content 1 Know the range of different businesses and their ownership Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, secondary and tertiary) Business purposes: supply of products or services; difference between profit and not-for profit organisations Ownership: public...
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...Guy Beagley INTERNATIONAL MARKETS P5 DESCRIBE THE INFLUENCE OF TWO CONTRASTING ECONOMIC ENVIRONMENTS ON BUSINESS ACTIVITIES WITHIN A SELECTED ORGANISATION m2 COMPARE THE CHALLENGES TO SELECTED BUISNESS ACTIVITIES WITHIN AA SELECTED ORGANISATION, IN TWO ECONOMIC ENVIRONMENTS Economic Environments dESCRIBE THE INFLUENCE OF TWO CONTRASTING ECONOMIC environments ON BUSINESS ACTIVITIES WITHIN A SELECTED ORGANISATION Introduction In this report I will be discussing the business environment, specifically that of China and the United Kingdom and the influences of two economic environments that contrast each other over different business activities. I will also be discussing the challenges that the selected business activities within Tesco (Tesco being the organization that I have decided to talk about) within the economic environments of China and the United Kingdom. Gross domestic product Gross Domestic Product is the measure of a country’s business industry using the data that is taken from GDP the government can establish what the estimated wealth of the country is and also the average lifestyle is that the country is living in such as rich or poor. GDP is the monetary value of all finished goods and services that the companies that are active have developed, manufactured and finished and create if it is in terms of the services that a company might supply. GDP is usually taken per year the data that is finally taken as a result of the government working it out is then...
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...India or China. You must pick two of the following topics (Economic, Demand, Supply, Changes in Supply and Demand or Government interaction) and cover the points below: Economic Outline * Describe the importance of stability in each of the economic environments. * How do changes in the different economic environments impact the business (growth, recession, ripple effect)? * Describe the levels of inflation in each of the economic environments. * What is the availability and cost of credit in the different economic environments? * What is the availability and quality of labour in each of the different economic environments? * Outline any changes in government policy (legal, fiscal and monetary) in each of the economic environments. Demand * How is the business influenced by the following in each economy? * Affordability of the products * competition * Availability of substitute products * Level of GDP * Needs and aspirations of consumers Supply In each economic environment: * How is the business influenced by the availability of raw materials and labour? * What logistics are available to the organisation? * Does the business have the ability to make profit? * What competition is there for raw materials? * Is there any government support available? Changes in supply and demand For each economic environment: * Draw the supply and demand curves for the selected organisation * Describe the elasticity...
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...M2 – Compare the challenges to selected business activities within a selected organisation, in two different economic environments GROWTH STRATEGIES What is economic growth? "Economic growth is an increase in the output that an economy produces over a period of time, the minimum being two consecutive quarters." (www.economicsonline.co.uk) This could be measured by Gross Domestic Product (GDP) or Gross National Product (GNP) Some reasons for economic growth can include: Investment in technology Increased productivity - task analysis and division of labour Development of new production methods Increase in the labour force Discovery of new sources of raw materials (www.economicsonline.co.uk) During a period of economic growth, the 'ripple effect' has far-reaching consequences, for example: Income rises People have more residual income Spending increases Productivity increases More jobs are created Business activity grows The economy grows In the private sector, a period of economic growth could mean that a business can: Invest in staff training Expand the range of products offered Invest in technology Employ more staff Expand the business because more credit is available Increase profitability and returns to shareholders In the public sector, a period of economic growth can result in: Increase the range of services provided Invest in technology Enhance the quality of the service provision Create job opportunities In the voluntary sector...
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