...P5- Describe the influence of two contrasting economic environments on business activities within a selected organisation In this task I would be talking about the influence of two economic environments on business activities. So this could be how Sainsbury’s in the UK operated during the recession and the boom period. The UK is in the growth economic environment and this means the country was before in the recession economic environment and now it is growing. This does not mean they are a rich country compared to China. Economic • Importance of stability- stability is when business people can make predictions for the short and the medium term about likely demands for their products in the near future. For example, Sainsbury’s might want to have stability because they want to make sure the company is able to continue to make sales and profits. Stability involves being able to make deals which are secure. So when you borrow money from someone, you want to make sure you get the accurate payment. Sainsbury’s would want to make sure their stakeholders are getting what they want and to form a stable relationship with their stakeholders. For example, Sainsbury’s offers stability to Fair-trade cotton farmers. Sainsbury’s have committed to buying a year’s worth of cotton during the harvest period. This will allow the famers to plan how they use their money, as they will have a guaranteed annual income. Ninad Gupte, from the Project Executive Body Agrocel, said, “Cotton prices...
Words: 3267 - Pages: 14
...million passengers include 3.1 million passengers on international flights and 3.7 million in domestic flights. In addition, they also carried 106 thousand tons of goods. (Vietnam Airlines, 2006) Part 2 The structure includes: The Head Office consists of Divisions and Departments. Dependent Units: Consists of 14 dependent units, 32 branches, and representative offices at 20 countries and territories. These are parts of our integrated supply chain. Having many levels of hierarchy, the company can be described as a tall organization with the span of control is narrow The Board of Management: is the authorized representative of the Government in Vietnam Airlines, responsible for the rights and obligations of the State in their business. The term of Members shall not exceed 05 years. The Members can be reappointed. The President & CEO: The President & CEO is the legal representative of their company and is in charge of their daily operations in accordance with the objectives, plans, resolutions and decisions of the Board of Management and with the corporate charter, prevailing laws and regulations. They are legally accountable for the performance of their assigned tasks. Vice Presidents and Chief Accountant: shall be appointed,...
Words: 433 - Pages: 2
...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...
Words: 2740 - Pages: 11
...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...
Words: 946 - Pages: 4
...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...
Words: 1343 - Pages: 6
...Unit 1: The business environment Help sheet 1.1.1 P1 Describe the type of business, purpose and ownership of two contrasting businesses To achieve P1, you must complete Task sheet 1.1.1, a case study, as well as Worksheets 1.1.1 to 1.1.4. You must also write a detailed presentation about two organisations. • You must ensure that the two organisations chosen are very different. For example, a large plc, such as Tesco, and a charity, such as Save the Children. This will make it easier to compare the environments. • It is a good idea to choose organisations that you are interested in, but that also have a large amount of information available. Therefore, spend some time researching a few organisations that might be of interest to see which one will make this task the easiest. • The same organisations will be used for tasks other than P1 so look ahead in the assignment to make sure the information you will need is available. • Once you have chosen your organisations, you need to research them in order to be able to identify the type of businesses they are. You must identify which scale they operate at and what sector they operate in. Make sure you give evidence and reasoning to back up your decisions. • The purpose and ownership of a business can often be seen on its website. However, you may find a phone interview very useful for collecting all the information you need. This can then be used as evidence. Remember to reference your work when necessary. ...
Words: 2464 - Pages: 10
...|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) | ...
Words: 584 - Pages: 3
... | | | | | |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...
Words: 1155 - Pages: 5
...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...
Words: 311 - Pages: 2
... |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 | | | | | | | | |Assignment title(s) |Legal and organisational structures | | |Stakeholders and their influence...
Words: 1348 - Pages: 6
... 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...
Words: 2483 - Pages: 10
...Task 1: Describe the influence of two contrasting economic environments on business activities within a selected organisation. In this assignment I am going to describe the influence of two contrasting economic environments on business activities within Apple Inc. I will then compare the challenges to Apple’s business activities with the organisation in two different countries, China and Britain. Apple is affected by the contrasting economic environments of both China and Britain as Apple carries out their business activities in both of these countries, which may influence on the business. The influences that affect Apple for operating their business in Britain and China include GDP, inflation, and employment. GDP means gross domestic products. This means the ‘total market value for all final goods and services produced in a country in a given year equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports ‘ http://www.investorwords.com/2153/GDP.html/23/03/12 In the 4th quarter of 2011 China had GDP growth with 8.9%; the sales of Apple in this country seem to have affected its GDP increase. According to this article that was written by Rick Martin last October, the sales of Apple’s products in China have risen from 12% to 16%. As a result Apple distributed more electronic goods such as iPhone and iPad in some areas in China. It will then enable this company to expand further and earn more revenue. On the other hand...
Words: 316 - Pages: 2
...P5: 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...
Words: 791 - Pages: 4
...Scenario 1: Two Businesses on our Doorstep. Scenario You have just started work in the business section of the Gulf News. The Newspaper has asked you to put together a small guide for the readers to understand more about two businesses. They want you to focus on two contrasting companies; this can be your choice. The purpose of the article is to contrast two businesses in respect of their business purpose, ownership type, organizational structure and their strategic planning; the newspaper wants to help readers understand more about businesses. The second business must be a contrasting business from the first. Task 1: (P1) P1: Describe the type of business, purpose and ownership of two contrasting businesses. • One of the businesses has to be profit making • The second business should be not for profit and operate on a different size to the first. • You should set it out as a written guide for readers of the newspaper. You must consider the following; 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 organizations. Ownership – public, private and voluntary sectors; types of ownership, e.g. sole trader, partnership, private and public limited companies, government departments, governments agencies, worker cooperatives, charitable...
Words: 1500 - Pages: 6
...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...
Words: 694 - Pages: 3
