...almost every aspect of business; be it its nature, its location, the price of products, the distribution system, and the personnel policies. Hence, it is important to learn about the various components of the business environment, which consists of the economic aspect, the socio-cultural aspects, the political framework, the legal aspects and the technological aspects. Evaluating the external environmental factors is as crucial as analysing the internal environment to all organisations. Working as an assistant to the Business Development Manager you need to conduct research on various aspects of the business environment. Task 1: understand the nature of the national environment in which businesses operate: INDIVIDUAL REPORT DATED DECEMBER 3, 2012 P4: Explain how economic systems attempt to allocate resources effectively P5: Assess the impact of fiscal and monetary policy on business organisations and their activities P6: Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation. P7: Explain how market structures determine the pricing and output decisions of businesses Guidelines to achieve P4, P5, P6 and P7: • Discuss different types of economic systems like socialism, state economy, and other economic systems • Assess how each economic system attempts to allocate resources effectively; • Explain all the UK government policies...
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...Introduction………………………………………………………………………………….3 1.1 Explain how economic systems attempt to allocate resources effectively………………3 1.2 Assess the impact of fiscal and monetary policy on “Lloyds Banking Group, UK”, and their activities………………………………………………………………………..5 1.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a “Lloyds Banking Group, UK”....................................................................................7 References…………………………………………………………………………………….9 TASK 2: Nature of the Operating Business Environment Introduction: The study discusses different types of economic systems and assesses how these economic system attempts to allocate resources efficaciously, explains the UK government policies (namely monetary, fiscal, social, and competitive policies) and assess the effect of all the above-mentioned policies on a “Lloyds Banking Group, UK”, UK based organization. The paper exposits market structure types (namely, perfect competition, monopoly, monopolistic competition, and other market structures. Finally, the paper describes the ways market structures define the output and pricing strategies of the companies. 1.1 Explain how economic systems attempt to allocate resources effectively Economic systems are a set of institutions for assigning resources and making possibility to satisfy human wants. Resource allocation is the assignment of resources to particular tasks to deduce the basic economic choices, which are what...
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...ASSIGNMENT 1 BRIEF |Qualification |BTEC Level 5 HND Diploma in Business | |Unit number and title |Unit 1: Business Environment | |Assignment issued | |Assignment due | | |Assessor name | | |Assignment title |Businesses and Their Interactions with National Environment | | | | | |This assignment encourages learners to identify purposes of different types of organization and to | | |investigate the national environment in which businesses operate, which correspond to Learning Outcome 1 and | | |Learning Outcome 2 of the unit/course. | | |Scenario: | | |You have...
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...Assignment front Sheet |Qualification |Unit number and title | | | | |Business |01. Business Environment ( Assignment 1) | |Student name |Assessor name | | |Abroo Asad | |Date issued |Completion date |Submitted on | |16th March 2014 |5th May 2014 | | |Assignment Title |Fury at Motorway scheme | |Learning |Learning |Assessment |In this assessment you will have the |Task |Evidence | |Outcome |Outcome |Criteria |opportunity to present evidence that |No. |(Page no.) | | ...
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...29/09/2011 Learning Outcomes: LO1: understand the organisational purposes of businesses LO2: understand the nature of the national environment in which businesses operate Activities: • Purposes of organisations (1.1, 1.2, 1.3) • Nature of the national environment businesses operate in (2.1, 2.2, 2.3) Specific Assessment Guidance: • Read all questions carefully. • Use appropriate business terminology when answering questions. • Make sure sentences have correct grammar. • All work to be produced on Word processing software in an academic format. • Only use credible sources to support your work • Internet articles, books, appropriate magazines and newspapers can be used as sources of information • Harvard referencing or an appropriate referencing system must be used REMEMBER TO SIGN, DATE AND ATTACH THIS FRONT COVER TO YOUR WORK Grading method: Pass, Merit, Distinction Student Name: I confirm that the submitted work is entirely my own. Signed: Date: BUSINESS CONSULTANCY: AJ CLOTHING As part of your job you have been asked to provide a briefing on information that will help a Clothing company develop its business in the UK WITH OTHER BUSINESSES IN THE European markets. This information will be used by the Board Members in a meeting where they will look at the influence of stakeholders, national and global environments and the effect it has on business LEARING OUTCOMES AND ASSESMENTS CRITERIA Learning...
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...Mirko Hamparzumyan Business Environment Assignment Part 1 08 August 2013 Table of Contents Introduction 2 P1.1. Different types of business organizations and their purposes. 3 P1.2. Describe the extent to which an organization meets the objectives of different Stakeholders. 4 P1.3. Explain the responsibilities of an organization and strategies employed to meet them. 4 P2.1. Explain how economic systems attempt to allocate resources effectively. 5 P2.2. Assess the impact of fiscal and monetary policy on business organizations and their activities. 6 P2.3. Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization. 8 Conclusion 9 References 10 Introduction In this assignment I will describe the types, content and objectives of business organizations and the surrounding business environment which is the sum of all external forces, actions and conditions that affect it and the opportunities to meet its contractual obligations, improve relationships with customers, as well as the opportunities for future development. The external factors are the elements of the ambient environment. I will define the components of the business environment which is composition of micro and macro environment. I will try to provide suggestions for better competition policy in the UK business...
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...organisations in their market environment LO4. Be able to assess the significance of the global factors that shape national business activities. GRADING OPPORTUNITIES AVAILABLE Outcomes/ Grade Descriptors Outcomes/ Grade Descriptors AC1.1 √ AC4.1 √ AC1.2 √ AC4.2 √ AC1.3 √ AC4.3 √ AC2.1 √ M1 √ AC2.2 √ M2 √ AC2.3 √ M3 √ D1 √ AC3.1 √ AC3.2 √ D2 √ AC3.3 √ D3 √ Assessor: Signature: ______________ Date: ___/___/___ Dr Knowledge Mpofu September 2014 1 Assignment Brief Scenario: The UK business environment remains positive, forward-looking and one of the most attractive places open for business in Europe. The UK government is committed to creating a supportive business environment that encourages a private-sector-led economic growth. According to the World Bank ranking, the UK is one of the easiest places to set up and run a business in Europe, and more overseas companies have their European headquarters in the UK than in France and Germany put together. Today, the UK is the world’s sixth-largest economy and one of the world’s top ten manufacturers (six of the world’s top ten vehicle makers are based in the UK). It is also the world’s second-largest services exporter (after the U.S.) and the world’s sixth- largest trading nation. Green industries are at the...
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...1……………………………………………………………………………………………………………………………. 1 1.1 Identify the purposes of different types of organization………………………………............ 1 1.2 Describe the extent to which an organization meets the objectives of different stakeholders………………………………………………………………………………………………………………………….. 3 1.3 Explain the responsibilities of an organization and strategies employed them……………….. 4 Task 2…………………………………………………………………………………………………………………………………….. 6 2.1 Explain how economic systems attempt to allocate resources effectively……………………. 6 2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities………………………………………………………………………………………………………………………………….. 8 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization…………………………………………………………………………………… 9 Task 3………………………………………………………………………………………………………………………………… 10 3.1 Explain how market structures determine the pricing and output decisions in various organizations………………………………………………………………………………………………………………… 10 3.2 Illustrate the way in which market forces shape organizational responses using a range of examples……………………………………………………………………………………………………………………… 11 3.3 Judge how business and cultural environments shape the behavior of Armani…………. 12 Task 4……………………………………………………………………………………………………………………………… 13 4.1 Discuss the importance of international trade, and globalization to Armani or other organizations…………………………………………………………………………………………………………………...
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...NADJOUI Submitted To: Table contents Introduction 3 Task1: The purposes of different types of organization 4 The extent to which an organization meets the objectives of different stakeholders 5 the responsibilities of an organization and strategies employed to meet them 5 Task2: The economic system attempt to allocate resources effectively 6 Assess the impact of fiscal and monetary policy on business organization and their activities Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization 7 Task3: The market structures determine the pricing and output decision of businesses 8 The way in which market forces shape organization responses using a range of examples 8 The business and cultural environments shape the behaviour of an organisation 9 Task4: The significance of international trade to UK business organisation 10 The impact of global factors on UK business organisation 10 The impact of policies of the European Union on the UK business organisation 11 Conclusion:11 References:12 Introduction We try in the begin to introduce the company and after that we will explain what we are going to show about the tasks, M&S is one of the UK’s leader retailers, over that 20 million visitors weekly to their shops, they offer offer high quality, great value clothing and home products, outstanding quality foods, they employed over than 70000 people in the UK, and have more than...
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...An organisation is a formal structure of relationships, responsibilities and authorities through which specific objectives are achieved. 'A work organisation is a social arrangement for the controlled performance of collective goals' (Buchanan and Huczynski, 2004). Purposes of different types of Organisation: Business organisations: To make a profit in a socially standard way. For example: Airlines, Fast food. Non-profit service organisations: They want to help to all of people without any profit. For example: NHS, Universities. Mutual-benefit organisations: Individuals join together to pursue their own self-interest. For example: Clubs, Trade Union. Commonweal organisations: They provide service to all members of a given population. For example: Fire Service, Police. Organisations by their intended purpose: Purpose Primary beneficiary Examples Business Owners Manufacturers, Fast-food, Restaurants Non profit services Clients Universities, Hospitals Mutual-benefit Members Unions, Clubs Commonweal Public at large Police, Public schools Classifying Organizations: Sector classification: Private enterprise organisations: A "private sector" organisation is one that is owned and controlled by private individuals, not the government and usually exists to make a profit for its shareholders. Public sector organisations: A "public sector" organisation is one that is controlled by...
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...Describe the extent to which an organisation meets the objectives of different stakeholders | | 1.3 Explain the responsibilities of an organisation and strategies employed to meet them | | 2.1 Explain how economic systems attempt to allocate resources effectively | | 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities | | 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation | | 3.1 Explain how market structures determine the pricing and output decisions of businesses | | 3.2 Illustrate the way in which market forces shape organisational responses using a range of examples | | 3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation | | 4.1 Discuss the significance of international trade to UK business organisations | | 4.2 Analyse the impact of global factors on UK business organisations | | 4.3 Evaluate the impact of policies of the European Union on UK business organisations | | Introduction Understanding the Business Environments hep us understand how an organisation or business runs and what manager roles are and what a stockholder is and how environment in the business or outside it may harm it or not. Employees will also play a really important role in a business and how the organisations businesses will also cause a problem. Understand the situation that the organisation...
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...1. Introduction HSBC is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China. In the early years of the 20th century, HSBC widened its activities in the East and became increasingly involved in the issuing of loans to national governments, especially in China, to finance modernisation and internal infrastructure projects such as railway building. In the later years of the 20th century HSBC moved from an important regional bank to one of the world's leading financial services organisations. In the 21st century, HSBC has renewed its focus on its birthplace, growing its business in China both organically and through a series of strategic partnerships. Nowadays, HSBC's international network comprises more than 6,200 offices in 74 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa,. ranks first in the Forbes 400 Top UK based companies in spite of its root from Asian, with deversified products and services, including advisory, financing, trading, sales, transaction banking, research and analysis. Unilever is an Anglo–Dutch multinational consumer goods company co-headquartered in London, England and Rotterdam, The Netherlands. Its products include food, beverages, cleaning agents and personal care products. It is the world's third-largest consumer goods company measured by 2012 revenue, after Procter &...
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...Fafid Miah Date of Submission: 12/12/2013 Table of Contents Lists of the Content Page Number 1. Understand the organizational purpose of businesses 4 1.1 Identify the purpose of different types of business organization 4 1.2 Describe the extent to which an organization meets the objectives of different stakeholders 5 1.3 Explain the responsibilities of an organization and strategies employed to meet them6 2. Understand the nature of the national environment in which business operate 6 2.1 Explain how economic systems attempt to allocate resources effectively 6 2.2 Assess the impact of fiscal policy and monetary policy on business organization and their activities 7 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of selected organization 8 3.1 Explain how market structures determine the pricing and output decision of business 9 3.2 Illustrate the way in which market forces shape organizational responses using a range of examples 9 3.3 Judge how the business and cultural environments shape the behavior of a selected organization 10 4.1 Discuss the significance of international trade to UK business organization 11 4.2 Analyze the impact of global factors on UK business organization 11 4.3 Evaluate the impact of policies of the European Union on UK business Organizations 12 References 13 ...
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...In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Learning Outcome | Learning outcome | Assessment Criteria | In this assessment you will have the opportunity to present evidence that shows you are able to: | Task no. | Evidence(Page no) | LO1 | Understand the organisational purposes of businesses | 1.1 | Identify the purposes of different types of organisation | 1 | | | | 1.2 | Describe the extent to which an organisation meets the objectives of different stakeholders | 1 | | | | 1.3 | Explain the responsibilities of an organisation and strategies employed to meet them | 1 | | LO2 | Understand the nature of the national environment in which businesses operates | 2.1 | Explain how economic systems attempt to allocate resources effectively | 2 | | | | 2.2 | Assess the impact of fiscal and monetary policy on business organisations and their activities | 2 | | | | 2.3 | Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation | 2 | | Student declaration | I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I...
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...to present evidence that shows you are able to: 1.1 organisational purposes of businesses Identify the purposes of different types of organisation 1 1.2 Describe the extent to which an organisation meets the objectives of different stakeholders 1 1.3 LO1 Learning outcome Understand the Learning Outcom e Explain the responsibilities of an organisation and strategies employed to meet them 2.1 Explain how economic systems attempt to allocate resources effectively 2 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation 2 Understand the nature of the national environment in which businesses operate Understand the behaviour for oganisations in their market environment 2.3 3.1 LO4 2 Illustrate the way in which market forces shape organisational responses using a range of examples Judge how the business and cultural environments shape the behaviour of a selected organisation 3.3 Be able to assess the significance of the global factors that shape national business activities 1 Explain how market structures determine the pricing and output decisions of businesses 3.2 Task Evidence no. (Page no) 4.1 Discuss the significance of international trade to business organisations 4.2 Analyse the impact of global factors on business organisations Learner declaration I certify that the work submitted for...
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