...Every organisation has stakeholders; these are groups or individual that affect or are affected by the business. The number of stakeholder of a business varies as does their importance and influence. The type of organisation and the product or services it supplies also determines its stakeholders than a family business; it is therefore much more influenced and affected by the action, aims and objective of its stakeholders. In this report I will evaluate the influence of three stakeholders; Employees, Suppliers and consumers on Coca-Cola. Employees: Employee are very influential stakeholders of Coca Cola and they are one of the most important for the running of the organisation. Coca Cola has around 146,200 worldwide employees who have a high impact o the organisation. Satisfaction and performance of employees fully depends on the way human resources are managed in a company. Employee’s main interests are salaries, wages and job satisfaction; all these influence the company’s staff turnover, industrial action and the quality of the products and/ or services. Coca Cola must considers a lot of factors when employing new staff and managing the existing staff. Employees can affect and influence in various way and due to various reasons, some of which are skills and qualifications, personal views and opinions, employee performance, training and redundancy. Since employee are one of the main stakeholders and are the human resources of the company their performance highly affects...
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...Evaluate the influence that different stakeholders exert in one of your chosen organisations. Every organization has stakeholders: these are groups or individuals that affect or are affected by the business. The number of stakeholders of a business varies as does their importance and influence. The type of organization and the product or service it supplies also determines its stakeholders. There are three main types of stakeholder. •• Internal – people and departments within your organisation. They are your colleagues. They rely on or use the work you produce – for example, your manager is a stakeholder and other departments who require the services of the PR department are stakeholders. •• External – people and organisations outside your organisation. They may be customers, clients, suppliers and other key individuals or organisations who take an interest in or are affected by your work. •• Interface – stakeholders who function both internally and externally – for example, an organisation with a large trade union presence or shareholders who are also employees. You may not find these in every organisation. Influence of stakeholders on business objectives Owners/stakeholders have a big say in how the aims of the business are decided, but other groups also have an influence overdecision making. For example, the directorswho manage the day-to-day affairs of a company may decide to make make higher sales a top priority rather than profits. Managers influence a...
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...and why groups of customers are targeted for selected Centre Parcs products and services Gender & Age | Woman | Men | Children | Gender and Age are two main vital segments of the market and are the most important to Centre Parcs. As a business new products are being developed to suit the needs of different markets to attract different customers. | Within Centre Parcs they hold a wide range of family activities however when the children are playing or occupied with other activities, woman always enjoy a few hours away so Centre Parcs provide a Spa. This service provides a wide range of treatments which keeps customers happy in a short period of time. There is also the opportunity to play net sports such as; badminton, tennis. This is relevant to consumers who come as a couple and want some leisure time. | Centre Parcs also hold the facility to visits the gym to do some exercise/fitness e.g. weights. This isn’t offered to a younger market as this can be dangerous. However same applies when woman go to the gym, time away from children whilst they are occupied a few hours in the gym can do no one any harm. | | Centre Parcs has a selection of activities to suit different parts of the market we call this market segmentation; part of a market that contains a group of buyers with similar buying habits. The way a business segments its market depends on the product being sold and also the customers. Examples of which Centre Parcs segmentates their markets are to follow. B2B...
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... | Assessor name | | | | |Date issued | Hand in deadline |Submitted on | |23 June 2014 |22 September | | | | | |Assignment title |Assignment 1: Type, purpose, ownership and stakeholders | |In this assessment you will have opportunities to provide evidence against the following criteria. | |Indicate the page numbers where the evidence can be found. | |Criteria |To achieve the criteria the evidence must show that the learner is able to: | |Task no. | |Evidence | |reference |...
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...Faculty: Business and IT Exeter College BTEC Assignment Brief |Course Title: BTEC 90 Credit Diploma in Business/BTEC Certificate in | | |Business | | | | | | | | | | | | | | | |[pic] | | |[pic] | | | | |Assignment Title:...
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...Evaluate the Influence That Different Stakeholders Exert in One of Your Chosen Organisations Evaluate the influence that different stakeholders exert in one of your chosen organisations. Every organization has stakeholders: these are groups or individuals that affect or are affected by the business. The number of stakeholders of a business varies as does their importance and influence. The type of organization and the product or service it supplies also determines its stakeholders. There are three main types of stakeholder. •• Internal – people and departments within your organisation. They are your colleagues. They rely on or use the work you produce – for example, your manager is a stakeholder and other departments who require the services of the PR department are stakeholders. •• External – people and organisations outside your organisation. They may be customers, clients, suppliers and other key individuals or organisations who take an interest in or are affected by your work. •• Interface – stakeholders who function both internally and externally – for example, an organisation with a large trade union presence or shareholders who are also employees. You may not find these in every organisation. Influence of stakeholders on business objectives Owners/stakeholders have a big say in how the aims of the business are decided, but other groups also have an influence overdecision making. For example, the directorswho manage the day-to-day affairs of a company...
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...Unit Number | 1 | Unit Credit | 10 | Assignment Title | Business Types and their Stakeholders | Part Unit | P1, P2, M1 and D1 | Whole Unit | No | Learner Name | | Signature | | Assessor | Scott Haragan; Des Corliss; Barbara Mercer | Signature | | Start Date | 17/11/14 | Submission Date | 10/12/14 | Feedback Date | 09/01/15 | | | | | | | Vocational Context | It is important to understand the business environment, most notably the wide range of business organisations in the private and public sectors. It is also important to appreciate the differences between them in terms of ownership, funding/finance, and the overall aims and objectives of major stakeholders. | The Brief | ------------------------------------------------- Task 1: A family friend has been operating his own small fashion clothing business (KH Fashions) that has been trading for five years. He has decided to expand the business and has asked you to research different businesses. He wishes to explore different business types in the public and private sectors including local authority organisations and charities (as one of his options is to pursue a social-enterprise route) and because he wants to do this in a professional way, has asked you specifically to research different business types in terms of their ownership, financing, sectors, aims and stakeholders and to summarise, analyse and evaluate this information. In addition to these requirements, he is a great believer in the...
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...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 can impact businesses. | Sources of informationWebsites www.bized.co.ukbusinesscasestudies.co.ukwww.businessstudiesonline.co.ukwww.s-cool.co.ukwww.tutor2u.netBTEC Level...
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...Learner Outcomes: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes Scenario: You work as a junior journalist for the local newspaper which is planning to run a feature article on local businesses Task: 1. Learners must describe (P1) the type of business, purpose and ownership of two contrasting businesses 2. Learners must describe (P2), explain (M1) the different stakeholders who influence the purpose of two contrasting businesses 3. Learners must describe (P3) how two businesses are organised 4. Learners must explain (P4) how their style of organisation helps them to fulfil their purpose 5. Learners evaluate (D1) the influence different stakeholders exert in one organisation TIP – Include the following: Range of different businesses Local, National, International, Global, Public, Private Not for profit/voluntary Sectors of business activity (primary, secondary, tertiary) Business purposes Supply of products or services, Difference between profit and not-for profit organisations Ownership Public, private & voluntary sectors Types of ownership (sole trader, partnerships, private and public limited companies, government agencies, worker cooperatives, charitable trusts) Main implications of different types of ownership on businesses (extent of liability, limitations to operation for public and charitable organisations) Key stakeholders Customers, Employees, Suppliers, Owners...
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...Unit 1 The business environment BTEC National Business Stretch and support E1 Views of different stakeholders M1 requires learners to explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. In order to achieve M1 it is important that learners have a thorough understanding of the following points: • What are the aims and objectives of each organisation? • Who are the stakeholders for each organisation? • What does each stakeholder seek to achieve? • How will each stakeholder be able to achieve their own goals? By answering each of these questions learners will be able to focus on how and why stakeholders will try to influence the aims and objectives of each organisation. Provide an empty version of the table below for learners to complete by noting two objectives for each stakeholder in their chosen business. How many of them are the same and how many differ? For example, an objective for an employee in one business might be good working conditions, whilst in the other it might be higher wages. How will these stakeholder objectives influence the organisation’s objectives? Corner shop Stakeholder Manager Employees Customers Convenience: opening from early morning until late evening Range of products: needs to sell necessities, e.g. toilet paper Convenience: likely to be easily accessible to local customers Range of products: needs to sell fashionable goods and services Objective 1 Objective 2 Premium...
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...describe who the different stakeholders are and what influence they have on each business. Examples of stakeholders are:- ● Customers ● Employees ● The local community ● The government ● Trade unions For both organisations, from each stakeholder’s perspective, explain how and why each is attempting to influence the strategic aims and objectives of the organisations. ● Elaborate on the points of view of the various stakeholder groups ● What are they trying to achieve from influencing the organisations? ● What impact have they had in shaping the aims and objectives of the organisations? Finally, pick one organisation and evaluate the influence different stakeholders have. Think about the following points. ● Provide an in depth evaluation of the influence stakeholder have ● Which stakeholders have the greatest influence? ● Identify any changes the business has made as a direct result of the actions of various stakeholder groups ● Do some of the stakeholders work together? What common interests do they have? What opposing interests do they have? How are these differences resolved? Evidence you must produce for this task ❏ Report Criteria covered by this task: To achieve the criteria you must show that you are able to: Unit Criterion reference Describe the different stakeholders who influence the purpose of two contrasting businesses. 1 P2 Explain the points of view of different stakeholders seeking to influence the aims and objectives...
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...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 how political, legal and social factors have impacted on the two contrasting organisations. Task1 Page 3t/m9 Task4 Page 10t/m11 Task5 Task6 Page 12t/m15 Page 16t/m22 M1 D1 P2 P3 P4 P5 M2 P6 M3 D2 Evaluate how future changes in economic political, legal and social factors, may impact on the strategy of a specified organisation. Learner...
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...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, private and voluntary sectors; types of ownership (sole trader, partnerships, private and public limited companies, government departments, government agencies, worker cooperatives, charitable trusts); main implications of different types of ownership on businesses (extent of liability, limitations to operation for public and charitable organisations) Key stakeholders: customers;...
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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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