...Evaluate the appropriateness of business information used to make strategic decisions In this task I will be evaluating the appropriateness of business information used to make strategic decisions. The organisation I will be relating to when giving examples is Apple. When a business produces a strategy they are producing a large scale plan with plans to achieve one or more goals set by the business by using strategic decisions. The factors that affect the plan in both negative and positive ways are uncertain. When making a strategic plan a business will have to take into account all factors and plan for them. Strategy is crucial for a business as not only does it give them a sense of direction and a set of goals to achieve, but also resources are usually limited so using a strategy will help to guide the business and make the best use of the resources that they have. Strategy allows a business to see where they are going with the business; it gives them an indication of how well or bad they are doing as well as if they’re meeting their targets they set out for themselves. If a business is doing better than they expected from their plan, then the business could modify the plan again so that the targets are realistic for them which will mean that they could aim for something higher. Strategy will have a very strong financial implication on a business because money is commonly what permits a business to grow and expand. Additionally, most businesses have plans from the minute they...
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...When a business forms a strategy they are producing a large scale plan with plans to achieve one or more goals set by the business. The factors that affect the plan, in both negative and positive ways, are uncertain. So when making a strategic plan a business will have to take into account all factors and plan for them. Strategy is imperative for a business as not only does it give them a sense of direction and some goals to achieve, but also resources are usually limited so you have to a strategy will help to guide the business and make the best use of the resources that they have. Strategy give the business direction, it helps them to see whether they are over achieving/under achieving and meeting the goals they have set themselves. If a business is doing well and surpassing the expectations of their plan, then they can alter it accordingly and set themselves new targets, aiming higher. It will also have very strong financial implications, as money is generally what allows a business to do research, grow and expand. Plans will be put in place by most businesses governing what they spend their money on, what they need for expenses and what they can use in order to develop. The Human Resource (HR) sector of a business has various roles and responsibilities within a business. They are largely involved with the recruitment process within a business. This means that they will also be responsible for spotting talent internally and externally from the business. They also have to...
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...BRAESIDE HIGH SCHOOL BTEC Extended Diploma (Level 3) Business Unit 4- Business Communication ASSIGNMENT BRIEF 1-TYPES OF INFORMATION TUTOR: Mr E. ROTICH LAUNCH DATE: 5/09/2013 SUBMISSION DATE: 16/09/13 This assignment brief assesses the following criteria: P1 Explain different types of business information, their sources and purposes.M1 Analyse different types of business information and their sources.D1 Evaluate the appropriateness of business information used to make strategic decisions. | Scenario: You have been asked to carry out an audit on the types of information used within a business to report back to management on the range of information used, the way in which it is used, and the appropriateness of information used in decision making. Task One P1 Explain different types of business information, their sources and purposes Write a report to show the results of your investigation into information in an organisation of your choice. In order to do this you should complete the following activities. * Complete a table like the one below to show types, sources and purposes of information used within the organisation. Try to include at least two examples of each type of information. Type of Information | Example | Description | Purpose | Source | Verbal | | | | | Written | | | | | On-Screen | | | | | Multimedia | | | | | Web-based | | | | | * Where possible cross reference your example to evidence of...
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...BTEC Level 3 in Business – Unit 4: Business Communication Context Businesses need accurate information. This information has to move between different individuals, different departments and different organisations. The information can be anything from a simple idea to masses of data on business performance. It can come from inside an organisation or from almost anywhere outside. Put simply, a business that does not plan how to deal with this information is a business much more likely to fail. The Scenario A medium sized business organisation has identified that communication within their organisation is poor. This has resulted in the calling in of a management consultant (you) to help but together a communication strategy. You will be expected to offer guidance on: • How and why different types of information need to be communicated in different ways. • Where information comes from. • How and why information needs to be recorded and stored. • Explaining what can happen when communication breaks down. • Explaining technological issues affecting information. • What laws and other rules control and constrain the flow of information. You will be expected to produce a report and present your ideas to a selected audience. Task 1 Produce a PowerPoint presentation that explains the nature of communication in business and the various types of information used by a business. You must also explain where this information can come from and...
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...Chace Community School- BTEC Business Assessment Front Sheet |Name | |Form | | |Course |BTEC Level 3 Extended Diploma in Business | |Unit |Unit 4 |Assignment Title |Understanding Business Information | |Assessor | | |Issue Date | |Submission Date | | |Grading Criteria |P1, M1, D1 | |Resources |Text, Internet, Lesson Notes | |Available | | Assessment Title: Assignment One “Understanding Business Information” In this assignment you will have the opportunity to provide evidence against the following criteria. |Criteria Reference |To Achieve Criteria the evidence must show that you can: |Task # |Links to PLTS ...
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...National Subsidiary Diploma in Business | | Teacher Name : | | Assignment Title: | Unit 4: Business communication | Student Name: | GLH: 30 hours | Issue Date: | Draft Deadline: | Final Deadline: | Learning aims covered: 1. Understanding different types of business information 2. Be able to present business information effectively 3. Understand the issue and constraints in relation to the use of business information in organisations Know how to communicate business information using appropriate methods | Scenario:Students will use arrange of scenarios to do the following: | Assessment Evidence: | | Grading Criteria: | Evidenced: | Deadline | P1 | Explain different types of business information, their sources and purposes | | | Mr6yoi4444444444444,P2 | Present complex internal business information using three different methods appropriate to the user’s needs | | | P3 | Produce corporate communication | | | P4 | Evaluate the external corporate communications of an existing product or service | | | P5 | Explain the legal and ethical issues in relations to the use of business information | | | P6 | Explain the operational issues in relation to the use of business information | | | P7 | Outline electronic and non-electronic methods for communicating business information, using examples for different types of audience | | | M1 | Analyse different types of business information and their sources | | | M2...
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...------------------------------------------------- D1 Unit 4– Evaluate the appropriateness of business information used to make strategic decisions. ------------------------------------------------- D1 Unit 4– Evaluate the appropriateness of business information used to make strategic decisions. Strategic decisions made by Amazon. Inc: Amazon uses a lot of information from different sources to help them make important strategic decisions. Some of these decisions include lowering prices and market judgement. Many of their important decisions are made with data. Lowering Prices: Amazon has made a decision to continuously and significantly lower prices for customers year after year as their efficiency and scale make it possible. When they lower prices, they don’t just look at the numbers, which always says that the smart move is to raise prices. They have significant data related to price elasticity. With fair accuracy, they can predict that a price reduction of a certain percentage will result in an increase in units sold of a certain percentage. With rare exceptions, the volume increase in the short term is never enough to pay for the price decrease. However, their quantitative understanding of elasticity is short-term. We can estimate what a price reduction will do this week and this quarter. But they cannot numerically estimate the effect that consistently lowering prices will have on the business over five years or ten years or more. Their judgment is that relentlessly...
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...Name: Zina Kadi Name: Zina Kadi D1 - evaluate the appropriateness of business information used to make strategic decisions D1 - evaluate the appropriateness of business information used to make strategic decisions Description of business information used. Including its aim | What strategic decision has this information helped to make? | Explain why this information was a appropriate (or suitable) aid to making the strategic decision in question | Explain why aspects of this information was an inappropriate (or not suitable) aid to making the strategic decision in question | Asda has used a wed base the reason why being is because Asda can sell its product online due to the amount of money spent, this way the customer would not have to take a visit to the market and get a free delivery in hand when they spend a certain amount. The aim is to make the customer feel welcome through many opportunities! This can be when they take a visit to the market or when they visit the website online.Asda’s web base contains information about what it is about as it also sells its online product such as food and drink etc. | Based on the issue that Asda on delivering. It takes time a while to deliver as well as that the delivery takes long to exceed. And by that I think it develops its format in which it would come to the developer placement in one to two days!The strategies that asda have decided to do is to take and write an apologise to the customer as to which it had taken long...
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...P1 Explain different types of business information, their sources and purposes 1 P2 Present complex internal business information using three different methods appropriate to the user’s needs 2 P3 Produce corporate communications 2 P4 Evaluate the external corporate communications of an existing product or service 2 P5 Explain the legal and ethical issues in relation to the use of business information 3 P6 Explain the operational issues in relation to the use of business information 3 P7 Outline electronic and non-electronic methods for communicating business information, using examples for different types of audience 4 M1 Analyse different types of business information and their sources 1 M2 Analyse the legal, ethical and operational issues in relation to the use of business information, using appropriate examples. 3 D1 Evaluate the appropriateness of business information used to make strategic decisions 1 D2 Evaluate the effectiveness of business information and its communication as key contributors to the success of an organisation, using examples to illustrate your points. 2 General comments on assignment: Grade Awarded Distinction Merit Pass Points: 70 80 90 Signed (teacher) Date Students Name: _______________________________ Teachers...
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...Unit 4: Business Communication Unit code: H/502/5413 QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60: 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to show learners that the collection and management of business information, and the successful communication of that information throughout a business, is critical for the future prosperity of the organisation. Unit introduction A business needs accurate and relevant information from internal and external sources in order to operate profitably. Proper collection of data creates an environment where informed decisions can be taken for the benefit of the business. In order to manage information effectively, there must be good communication systems within the organisation. Staff must possess good verbal and written skills in order to communicate and share information. Business information can be used to obtain competitive advantage and promote efficiency. Organisations generate information internally, recording details of products manufactured, purchased and sold, and their associated costs. Businesses use information to manage not only what is currently happening in the organisation but also to plan for the future and ensure their survival. Information is collected, stored, manipulated, analysed and reported to those who need to use it. People need to become skilled manipulators and users of information to ensure organisations become more efficient and succeed in achieving...
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... |Unit number and title | |BTEC National Business |Unit 4 Business Communications. | |Learner name | Assessor name | Department | | |All Business & Enterprise team |Y- CSI | |Date issued | Hand in deadline |Actual date submitted on | |Thursday 22nd October 2015 |Friday 13th November 2015 | | | | | |Assignment title |Google IT! | |The aim of this unit is to show learners that the collection and management of business information, and the successful communication of that information | |throughout a business, is critical for the future prosperity of the organisation....
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...BTEC Lv3 90 Credit Extended Diploma in Business Unit 4 D1 ------------------------------------------------- Business Communication Alishan Merchant S Bahia 40067325 Evaluate the appropriateness of business information used to make strategic decisions. This report is to inform people about the appropriateness of business information that are used to make strategic decisions. Enterprise Rent-A-Car has developed a successful Graduate Trainee Programme. The programme allows graduates to receive classroom based orientation sessions on management. These sessions teach graduates business skills needed to be able to manage that branch themselves. This report will show the appropriateness of business information used to make strategic decisions. Moreover, Enterprise Rent-A-Car has introduced a “pick-up service”. These services are available only in the UK and have a limited pick up locations. The least amount of hours that you can rent a car with picking up is 24 hours, while the maximum is 48 consecutive hours. A vehicle class of manual or automatic can be determined on which upon the car that a client chooses to be picked up in can be selected from a variety of available cars. The renter’s age group must be given. In this report, will show the appropriateness of the information given on the website for Enterprise Rent-A-Car, and this report will conclude with recommendations on how to include additional information and make the website more suitable. Background...
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...Btec National in Business Level 3 Unit 4 – Business Communication Scenario ------------------------------------------------- The Headteacher wants to do a complete audit on the Communication Systems within the school. He is planning to sit down with the Business Manager and redesign the whole school processes and procedures. They both want your help in: 1) ------------------------------------------------- Understanding different types of business information used in the school 2) ------------------------------------------------- Help staff to be able to present business information effectively 3) ------------------------------------------------- Help them to understand the issues and constraints in relation to the use of business information in the school 4) ------------------------------------------------- Ensure we all know how to communicate business information using appropriate methods ------------------------------------------------- The Headteacher wants a presentation he can take to the whole staff explaining the current situation with your intended improvements. This can take the form of a PowerPoint presentation accompanied with the necessary support materials in poster or report format. Task One ------------------------------------------------- P1 explain different types of business information, their sources and purposes 1a) Explain what types of verbal; written; onscreen; multi-media; web based information the school currently...
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...1 – Types and Purpose of Information Introduction: In this unit, I will be helping to put together a new Christmas marketing campaign for John Lewis. In this task, I will be describing the different types of business information that John Lewis will use when going through each stage of preparing a new Christmas advert. ‘Types of information’ (use pages 126/127 to explain the following) * Verbal (what is it and how could John Lewis use it, for example, the marketing director at John Lewis may want to explain the theme of this year’s advert face to face with his staff to help create passion for the concept) * Written (what is it and how could John Lewis use it, for example, the marketing director may want to state all the resources that will be needed to make the campaign a success) * On-screen (what is it and how could John Lewis use it, for example, the marketing director may wish to use on-screen technology for his initial presentations of the theme) * Multi-media (what is it and how could John Lewis use it, for example, the marketing department may want to show their first drafts of the campaign on a computer along with audio for increased impact) * Web-based (what is it and how could John Lewis use it, for example, the marketing director may want to send e-mails to other parts of the organisation explaining the idea along with some statistical data based on recent surveys.) ‘Purpose of information’ (use pages 127/128/129 to...
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...D1- Evaluate the appropriateness of business information used to make strategic decisions. Strategic decisions are the decisions that are concerned with whole environment in which the firm operates the entire resources and the people who form the company and the interface between the two. In this task I will talk about the appropriateness of business information used to make strategic decisions. Having correct information before you make a decision that affects the whole company is vital for the company in the economic environment we are currently in at the moment. Verbal information - Is the sharing of information between individuals by using speech. Individuals working within a business need to effectively use verbal communication that employs readily understood spoken words, as well as ensuring that the enunciation, stress and tone of voice with which the words are expressed is appropriate. Verbal information ensures that you have a strong relationship and you build a trust between the individual that you are trading with, when making important decisions that affect the whole business you need to make sure that you know the individual of company and their history when you are dealing with them a background check is also important because then you have a reassurance that you will not be ripped off. Business professionals demonstrating effective verbal communication skills use spoken words to convey a message clearly and concisely. To get a message across, the sender needs...
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