...BTEC Business Unit 1: Business Purposes Learner Name: | Centre Number: 23168 | BTEC Business | | Learner No: | | UNIT NUMBER AND TITLE: | Unit 1: Business Purposes | ISSUE DATE: | | HAND IN DATE: | | RESUBMISSION DATE: | | ASSESSOR: | | Aims The aim of this unit is to enable you to understand the nature of business organisations and the business environment in which they operate. You will do this by looking at the range of organisations that exist locally, regionally and nationally and by considering the business framework in which they operate Work covered You will: * Understand the purpose and ownership of business * Understand the business context in which organisations operate Understand the purpose and ownership of business Purpose: supply of goods and services e.g. at a profit, free, at cost, for sale below cost Ownership: sole trader; partnership; limited companies (private [ltd], public [plc]); charity; voluntary organisations; co-operatives; government Size: small; medium; large Scale: local; regional; national; European and global organisations Classification: primary (e.g. farming, forestry, fishing, extraction/mining); secondary (e.g. manufacturing, engineering, construction); tertiary (e.g. private service industries, local and national public services, voluntary/not-for-profit services) Understand the business context in which organisations operate Role of government: European; national;...
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...currently in the City of Panama, and as I travel on an expected business trip for the company that I work for, I find myself creating the name brand of my first business. A business that I think it might have great potential in the near future. But that it also comes with a few questions in mind. Let’s explore some of this questions one by one. -Develop a creative name for your Lemonade Stand, and then explain why a name is important when you are considering branding options? The name of my business will be call, “Lemon Lime” I see this name very catchy as it is a hybrid of the two of the many types of lemons around the world. The name will reflect what I am and what I can do as a business person, as person or company with integrity and ethics value. But is not just for me or my employees is for my target consumers, the thousands of people in my local area as that’s where I plan to start my business from or perhaps the millions of people around the world. Or as Bovee and Thill says “It gives customers a way of recognizing and specifying a particular product so that they can choose it again or recommend it to others”. And that’s exactly what I want from my business to be recognized first locally then globally as pure “Lemon Lime Splash”. -Create a Mission Statement for your Lemonade Stand (Chapter 7); then explain why a mission statement is important for any company? To produce the best lemonade for the local consumers but at the same time to bring it to the masses...
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... The House of Wine - Grand Opening Starting a business comes with many different challenges and decisions that must be overcome. Some of these questions and challenges would include: what product will be sold, what location shall be used, how to make the product presentable, and what market to target. All of these questions hopefully get answered in the planning stages of the business plan, however, most of the time these are found out during the implementation of the initial plan based on successes and failures. To create this plan there are many things to consider including the product strategy, the pricing strategy, and a time line for the two to create structure and deadlines. The product strategy includes choosing the main products, complimentary products, and any services that also may be provided. The pricing strategy focuses more on the demographics, efficiency, profit maximization, and experience. The timeline is used to create structure and deadlines so the business can be established. Once the main infrastructure of the business is set in place (building the 7,200 square-foot retail showroom), it is time to create a product strategy. A product strategy is “the foundation of a product life-cycle and the execution plan for further development.” (Merriam Webster) This...
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...Sole Proprietorship: Online Company. This would be the best business model for our company since we are innovating and creating a new business based on drone technology and by providing farm fresh eggs directly to consumers. As a sole proprietorship we control the business from the suppliers, inventory, marketing and delivery. Also as a sole proprietor we will be able to make important company decisions without answering to partners, stock holders or a franchise board. The disadvantage of being a sole proprietor would be all the risk that we would have to be responsible for. Also we would be responsible for all the investment, capital and technology to make the business successful. Business Plan 1. To deliver Farm Fresh Organic Eggs directly from the farm to the consumer in an innovative way. 2. Creating an F to C relationship, Farmers To Consumer business model. 3. Partnering up with local farmers to supply the freshest and healthiest of eggs, and to support local farming communities. 4. Our Goal is to establish an innovative drone delivery platform that will expand our product lines from eggs to any farm fresh produce for delivery around Southern California. Steps to start your business: 1. Build partnerships with local farmers to supply farm fresh eggs. 2. Build technology for drone delivery. 3. Set up main distribution warehouse hub. 4. Acquire mopeds for delivery outside 10 miles 5. Hiring Drone Technicians, Factory Workers & Drivers. 6. Build...
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...Nik and alex are aware of business abroad can be complex and challenging. Many businesses failed because incompetence management team, ineffective advertisement and failure to familiarize themselves with the residents of the Island. Nik is cognizant of gathering the right type of date and information translate to knowledge and power Nik informs Alex of a skill he acquired during his studies called starbursting, it focuses on a specific topic and radiates outward. Nik and alex apply the starbursting technique in order to start the organizing process, human Relations and Ethics goals for the new operations plant, we have identified the following (Kirby, Goodpaster 2007). We aspire to be the most admired and valuable company in the world. Our goal is to enrich our customers' personal lives and to make their businesses more successful by bringing to market exciting and useful services, building shareowner value in the process (ATT 2006). The island of kava is known for its coffee farms and child labor. This island does not have child labor laws and a horrible educational system. The government and other local influential business are interested in having our company expand into their country. One of the main reasons for the govenment seek out our company is for our reputation as a successful and strong company. Out company gives back a percentage of our profit to the local community for education reducing child labor, building schools. Our company pays...
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...The Big Idea: Creating Shared Value Rethinking Capitalism by Michael E. Porter and Mark R. Kramer January–February 2011 ‐ http://hbr.org/2011/01/the‐big‐idea‐creating‐shared‐value/ar/pr What Is “Creating Shared Value”? - Policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates. The concept of shared value—which focuses on the connections between societal and economic progress— has the power to unleash the next wave of global growth. An increasing number of companies known for their hard‐nosed approach to business—such as Google, IBM, Intel, Johnson & Johnson, Nestlé, Unilever, and Wal‐Mart—have begun to embark on important shared value initiatives. But our understanding of the potential of shared value is just beginning. There are three key ways that companies can create shared value opportunities: • By reconceiving products and markets • By redefining productivity in the value chain • By enabling local cluster development Every firm should look at decisions and opportunities through the lens of shared value. This will lead to new approaches that generate greater innovation and growth for companies—and also greater benefits for society. Creating Shared Value & ‘Developing countries’ - Solving social problems has been ceded to governments and to NGOs. Corporate responsibilities programs—a reaction to external p...
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...Selecting REDB Activities and Initiatives What is Community Economic Development? Community Economic Development is a community-informed, place-based, strategicallyfocused, collaborative approach to creating new enterprises, stabilizing existing enterprises, growing existing enterprises, attracting new enterprises and / or creating the conditions where these advances can occur. Why do we focus on initiatives and activities? There is a big difference between hoping for something and making it happen. We focus on initiatives and activities because they are the ONLY means of positively impacting the regional context in which we operate. Without execution, our planning amounts to little more than wishful thinking. Initiatives and activities that are strategically-focused, properly-prioritized, well-planned, and well-executed bring strategic plans to fruition. How do we ensure that we undertake the best initiatives and activities possible? It is a difficult challenge. One size does not fit all. What works for one region will not necessarily work for another. There are desired states called ‘outcomes’ that we are trying to achieve. We undertake activities and initiatives that will produce products or services called ‘outputs’ that will contribute to achieving our desired outcomes. We control the outputs we produce but not the outcomes we hope to influence. We use opportunity management processes to ensure that the initiatives and activities we undertake are those most...
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...Chief Business Officer Shaoling Enterprise Shanghai, China Dear Mr. Xiang Fu Liu, I am proud to introduce the expansion project of Happy Patty and would like to take this time to introduce the company and its business to you. Established in Texas 2013, our company takes pride in exceeding the standard to give our customers the best food and services possible. We strongly believe in creating an enjoyable long-term bond with customers to sustain long term profitability. We are currently licensed to operate in China in which our staff is fully prepared to start working. Both our local and extended team has taken the time to revise the menu making sure to abide by your customs and beliefs. For example, we have added a vegan burger as well as the addition of fried dumplings as a side dish. We also have taken the liberty of hiring a local translator to help us limit any miscommunication. We have a support team who will be on staff 24/7 to help with any concerns one of your employees may have. Along with this letter is a packet which entails the full menu for you, the construction model, the staff, and projections for the company. We are looking forward to hearing from you and your consideration for one of our Happy Patty Franchises. Please feel free to contact me directly. Yours Sincerely, Kai C. Roper Chief Executive Aslaam United Industry Tel Aviv, Israel Dear Ms. Shapuria Shabazi I am proud to introduce the expansion project of Happy...
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...Firm Abstract The global business law firm DLA Piper did not arrive at its position as the recognized leader in its industry without a strategic plan to integrate and align it various regional entities. In fact, it was the vision of integration and alignment by its executive team that led to making DLA Piper the pre-eminent global business law firm today. This case study analysis will describe the setting & environment leading up to, during, and post-merger, then identify the stakeholders involved, and analyze the case context. In addition, Adler & Gundersen (2008) applications, along with options, decision factors and recommendations will be addressed. Setting and Environment In early 2005, two leading firms, DLA and Piper Rudnick, merged in the largest ever in the legal market. DLA, based in the UK, and Piper Rudnick, based in the USA, came together in order to establish a global platform and a foundation for accelerating growth. The two firms, along with US West Coast firm Cray Cary Ware and Freidenrich, became the merged DLA Piper. Initially, the firm would be led by three joint CEO’s who would have to address the issues that would make it a leading business global law firm. In order to achieve its strategic goal, the leadership of the new firm recognized that it must become aligned across its strategy, people, systems, structure, culture, and management. To achieve its express goal of becoming a global business law firm, several areas would need...
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...Seal of Local Good Governance Assessment Checklist Dimensions | Pictures to Take | Documents to Validate | Site Inspection | Key Informants | Good Financial Housekeeping: Full Disclosure Policy Compliance (FDP) in Three Conspicuous Places | * Three (3) conspicuous place | * 2014 Annual Budget * 2014 Annual Procurement Plan or Procurement List * 2013 Statement of Debt Service * 2013 Annual Gender and Development Accomplishment Report * 2013 Statement of Receipts and Expenditures * 4th Quarter 2013, Statement of Cash Flow * 4th Quarter 2013, Special Education Fund Utilization * 4th Quarter 2013, Trust Fund Utilization * 4th Quarter 2013, Bid Results on Civil Works and Goods and Services * 4th Quarter 2013, 20% Component of the IRA Utilization * 4th Quarter 2013, Local DRRM Fund Utilization * 4th Quarter 2013, Unliquidated Cash Advances * 4th Quarter 2013, Manpower Complement * 4th Quarter 2013, Supplemental Procurement Plan | * Inspect posted documents in each location. Browse the documents and make sure that the posted documents are consistent with the templates contained in the DILG MC No. 2013-40 and are duly signed by authorized signatories. | * Provincial/City Director or C/MLGOO | Disaster Preparedness | * Proof of availability of documents * Meeting with LCE &/or LDRRMO * SAR/ Emergency Response Team Equipment | * EO creating...
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...Unit 3: Creating Shared Value 1 Running Head: Unit 3: Creating Shared Value Global Economic Environment Shirl Williams Unit 3: Creating Shared Value Unit 3: Creating Shared Value 2 Many companies came about out of a need or a means for products to be sold and or obtained, but often companies could not thrive on their own. Many companies were able to help the community grow by supporting and patronizing one another. So if a restaurant needed fresh produce it would use the local farmer or produce market to obtain the produce in turn the farmer might eat at the restaurant. The farmer and the restaurant might hire locals and neighbors to help the community. That would not only build each others business but build the community. Porter and Kramer advise, “A shared value perspective, focuses on improving growing techniques and strengthening the local cluster of supporting suppliers and other institutions in order to increase farmers’ efficiency, yields, product quality, and sustainability. This leads to a bigger pie of revenue and profits that benefits both farmers and the companies that buy from them.” (p. 5) When you have the support of those who are around you and share those same values, it’s difficult for all not to grow. Shared value raises the income level of society. There is a saying that states, “Where there is unity there is power.” That is a shared value system. Someone else said, “If everyone...
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...David Lew Qingwei Rachel Crumpler Business and its Publics: Section 29 May 12, 2013 TOMS Shoes and the Effective Creation of Shared Value Over the last 30 years, absolute poverty worldwide has fallen 20%, yet poverty levels in Africa have remained static, hovering around 40% of the continent’s population over the same time period (“Poverty”). Poverty is endemic to many developing nations in Africa, and many attempts have been made to ameliorate the socio-economic toll that it wreaks on the region. However, the continued predominance of poverty in the region today makes it clear that previous attempts at traditional poverty eradication have failed. More recently, the rise of social entrepreneurship has revitalized the discussion about poverty alleviation, with companies committing themselves to creating transformational benefit for the disadvantaged segments of society (Martin 151). TOMS Shoes is such a company that has made a commitment to social responsibility. Unfortunately, TOMS and its footwear draws a great deal of criticism, and there is mounting evidence that creating shared value, as seen in Oliberté Footwear’s business model, is a more effective route to poverty alleviation. Ultimately, we must carefully consider the advantages of Oliberté’s shared value over TOMS’ social responsibility, and call for future social business models to take note of what both of these social enterprises do right and wrong to create the best solution for bringing upward social mobility...
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...that you will target your sales focus on; the demographics of your chosen market; and the pricing structure that you plan to use. While advertising is often confused with marketing (as is strictly selling), it is just one piece of a solid marketing plan. To use a farming analogy, if I may, marketing is akin to analyzing crop prices, field conditions and determining what crop to plant-advertising and public outreach nurtures the seedlings, and selling harvests the results. Each component is a part of the larger strategy and depends on the other for success. As with most issues involving a construction business, planning and preparation are paramount, as well as measuring the results. We can't take a break from fundamental business practices. It's important to understand the general steps necessary to create and implement a construction marketing plan for your business. The size of the marketing budgets will vary, as will the intended target market. Ultimately the development of a marketing strategy comes down to similar steps that can be used for any size organization. It doesn't need to be expensive, but it must be thorough and thoughtfully analyzed. And it must be articulated to your staff and stakeholders. Your marketing plan, just like your financial plan, must be monitored and adjusted as needed, andit must also be adaptable to changing competitive environments. The construction market looks very, very different today than it...
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...BTEC First Unit 1: Business Purposes Learning outcomes By the end of this assignment you should: • Understand the purpose and ownership of a business. • Understand the business context in which organisations operate. Scenario You have got a job working in the business advisory service of the county council. As part of your job you have to produce materials to explain various aspects of the business world to students and people thinking of starting their own business. These tasks should reflect what would be required for such a job and should be set out with this in mind. |Sole Traders or Partnerships |Companies |Government Organisations |Charities | |Happy Garden Takeaway |Tesco PLC |The Post Office |Oxfam | |Berry & Berry Solicitors |Royal Bank of Scotland |Railtrack |Demelza House Hospice | |Geoff Wood Painter & Decorator |JCB Ltd |Kent Police |Children in Need | |The Blue Anchor |H+H Celcon Ltd |University of Greenwich |RSPCA | Task 1 Taking one organisation from each column of the table above, research and describe details of each business in terms of: • The purpose of each organisation [P1] • Who owns each organisation and what this means. [P2] ...
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...and decided to go public. However, since its IPO, Groupon has struggled to demonstrate profitability for its shareholders and stabilize its rapid growth. Two recommendations that will help Groupon create long-term value and profitability for its company are to strengthen its core business by operating only in the daily deals industry, and to develop a customer loyalty program in order to differentiate itself against competitors and gain loyal subscribers. Current Strategic Position Initially, Groupon started as a daily deals company that offered discounts on local services in large cities. Recently, however, Groupon has attempted to expand its strategic focus into the mobile payment and e-commerce industries in order to become the “operating system” for local commerce. In order to reduce competition and quickly build revenue, another one of Groupon’s strategies is to acquire copycat companies operating in large cities. Currently, Groupon is operating in 35 countries worldwide. Last year, Groupon was valued at $15.8 billion and is currently valued at $5.7 billion. If Groupon continues to focus on expansion in multiple industries instead of focusing on differentiating its sole daily deals business, this current profit performance is indicative of future financial failures as well. Recommendations Based on Groupon’s current strategic position, I chose to make the following recommendations in order for the company to capitalize on its core competencies and continue...
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