Free Essay

Explain the International Business Environment in Which a Selected Business Operates.

In:

Submitted By fudgecat1
Words 441
Pages 2
Unit 12
Assignment 1

P1 - Explain the international business environment in which a selected business operates.

The business that I have chosen to produce a report on how they could expend their business internationally is my own business, Impossible Project. Impossible Project is a fashion brand based in the UK. We design and produce our own brand of high-end designer clothing and are just selling in the UK at the moment. It is a relatively small business at the moment, however we have the capacity in terms of finance and scale to start looking at trading internationally.

The country Impossible Project has targeted to start of their international journey is China. I have chosen to use China for a variety of reasons; one being it is a BRIC country. “BRIC is an acronym for the economies of Brazil, Russia, India and China combined. The general consensus is that the term was first prominently used in a Goldman Sachs report from 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.” - http://www.investopedia.com/terms/b/bric.asp

Political * Being a communist country means Chinese consumers feel forced into supporting Chinese brands as a pose to UK brands. | Economical * According to the latest government figures, growth picked up to 7.9% in the final three months of 2012, from 7.4% in the previous quarter * China is a BRIC country and will soon be one of the leading economic powers | Social * Chinese workers are accustomed to a more hierarchical structure in which each person has a clearly defined role. * China have a population of approximately 1.344 billion * High demand. | Technological * Faster technological developments in china mean manufacturing in china can cut costs and save time * Use of the internet makes it simpler for information to spread from country to country | Legal * Tight waist disposal laws * The WTO’s presence in China has made it easier to export to China. | Environmental * Tight waist disposal laws * Geographical location compared to the UK |

M1: Compare how cultural differences and foreign business environments affect international businesses

Cultural differences between the UK and China | Impact upon Impossible Project | Despite communism, China are more inclined to buy from UK brands | Huge sales potential in China | China has a weeklong holiday during Chinese new year. Which is a very important holiday throughout china | Must not attempt to conduct business in China at this time. | China has a very non-confrontational culture. So it is considered disrespectful to cause disputes during business negotiations/talks. | Not accepting and taking action upon this could lead to business discussions ending. |

Similar Documents

Premium Essay

International Environment

...|Qualification |Edexcel BTEC National Level 3 Extended Diploma in Business | |Unit number and title |Unit 39: International Business | |Learner Name | | |Assessor Name | | |Date issued |31/10/13 | Assessment criteria to be assessed in this assignment |Criteria Reference|To achieve the criteria the evidence must show that the learner is able to: |Task No. |Page No. | |P1 |Explain the international business environment in which a selected organisation operates |1.1 | | |P2 |Describe the mechanisms that regulate international trade |1.2 | | |P3 |Describe how the environment and culture of another country affects |1.5 | | | |a business operating internationally ...

Words: 2044 - Pages: 9

Premium Essay

Business Environment Marks and Spencer Essay

...London School of Business & Management BTEC Levels 4 & 5 HND Business Centre No Unit No & Unit Title Course Title Lecturer’s Name Assignment Title & Type Date Set Due Date Academic Year / Semester 79829 Unit 1: Business Environment HND Business (BTEC Level 4 and Level 5) Dr Knowledge Mpofu Business Environment – Individual Assignment 24th September 2014 9th January 2015 September 2014 Semester Unit Outcomes Covered: LO1. Understand the organisational purposes of businesses LO2. Understand the nature of the national environment in which businesses operate LO3. Understand the behaviour of 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...

Words: 2199 - Pages: 9

Premium Essay

Unit 39 - International Business

...Unit 39 – International Business Scenario You are employed by the local Business Development Agency and have been asked to independently research international business in relation to an international case study business of your choice. From your research you are required to put together a research report document which can be used to assist businesses who are considering trading internationally. Your work should be a result of your own independent research and contain references throughout and a bibliography. Your research should follow the guidelines set and give your own supported judgement where indicated. Learning Outcomes 1. Understand the international business environment 2. Know how cultural differences affect international business 3. Know how international business is financially supported 4. Understand the strategies used by international business Task 1 – covers P1 – Hand in date 11/4/2014 P1 – Explain the international environment in which a selected organisation operates in 1. Choose a business which operates internationally, it is suggested that you use one from the following list as they make good international case studies. You may chose an alternative that is not on the list but you must get prior agreement with your tutor. Aviva Dyson Burberry M&S JCB Barclays Britvic Tesco JLR Cadbury GSK Costa Premier Foods B&Q Ikea 2. Write a 400 word background introduction on the company and...

Words: 1099 - Pages: 5

Premium Essay

Business Environment

...1. Identify the types of organisation you have chosen and its main purposes 4 1.2. Describe the extent to which an organisation meets the objectives of its different stakeholders 4 1.3. Explain the responsibilities of an organisation and strategies employed to meet them 5 Task 2. The nature of the national environment in which your chosen business operates 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 organisations and their activities 7 2.3. Evaluate the impact of competition policy and other regulatory mechanism on the activities of a selected organisation 7 Task 3. The behaviour of your chosen organisation in its market environment 8 3.1. Explain how market structures determine the pricing and output decisions of the business 8 3.2. Illustrate the way in which market forces shape organisational responses using a range of examples 8 3.3. Judge how the business and cultural environments shape the behaviour of a selected organisation 9 Task 4. The significance of the global factors that shape business activities of your chosen organisation 10 4.1. Discuss the significance of international trade for your organisation 10 4.2. Analysis the impact of global factors on your chosen organisation 10 4.3. Evaluate the impact of European Union policies on your business organisation 11 Part B 12 Task 5. Report 12 a). how the downturn in the UK economy since 2008 and the double...

Words: 3922 - Pages: 16

Premium Essay

Unit 39 P1 International Business

...Introduction: In this task I have been asked to explain the international business environment in which a selected organisation operates. The selected business I have chosen is Tesco. What is international business? International business is a term used to describe any business transaction between two or more regions or countries. Many businesses operate internationally to attract more custom and expand their organisations to increase the income the business is taking. International business can include importing and exporting of products, sales, investments and many more. International business is essential not only to give businesses more opportunities but also to boost the economy. Below is a list of some of the organisations that operate internationally: * MacDonald’s * Nike * Addidas * Apple * Samsung * Nokia About Tesco Tesco was founded in 1919 by Jack Cohen from a market stall in London’s East End. Over the years the business has continued to expand and grow and Tesco now operates in 12 countries around the world, employ over 530,000 people and serve tens of millions of customers every week. They have always been committed to providing the best shopping experience. Today Tesco continues to focus on doing the right thing for their customers, colleagues and the communities they serve. Tesco is Britain’s leading supermarket and is also very popular internationally. Its closest competitor is Sainsbury’s but Tesco always manages to...

Words: 276 - Pages: 2

Premium Essay

Unit 1 Assignment Brief

...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

Premium Essay

Describe the Type of Business, Purpose and Ownership of Two Contrasting Businesses

...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

Premium Essay

Matthew

...BTEC Business Studies (Level 3) Unit 39 International Business Aim and purpose The aim of this unit is to introduce learners to the role played by international business. The importing and Exporting of goods and services are important economic activities to any economy. Learners will study National and international businesses and the framework in which they operate. In this unit you must explain the importance and differences of international trade. You will explain key economic terms and demonstrate an understanding of how to trade internationally. Many of the tasks will cover several Passes and Merit Criteria. Barr’s are soft drink manufacturers who are famous for manufacturing Irn Bru. They have just appointed you as their marketing manager and are keen to explore the idea of selling Irn Bru abroad. They have identified Germany as a possible option. They have asked you to research into the benefits and costs of doing business internationally. They have asked you to write a report and then present your findings to the board. P1) P1 explain the international Business environment in Which a selected organisation Operates You decide to look at a company that is successfully trading internationally. * Write a profile of a multi-national company Where is its headquarters? Where does it sell its goods or services? What percentage of its market are in different countries etc? How long has it traded in different countries? Turnover etc? * Answer...

Words: 1065 - Pages: 5

Premium Essay

Understanding the Organisational Purposes of Businesses

...BTEC HND Business Assessment activity front sheet Student Name: Hafiz Naveed Ahmad Abbasi Assessor Name: C Palmer I.V Name: M Towler Assignment Title: Business Environment Unit: 1 Title: Business Environment Purpose: The aim of this unit is to provide learners with an understanding of different organisations, the influence of stakeholders and the relationship between businesses and the local, national and global environment. Date Set: 13/09/2011 Deadline: 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...

Words: 1187 - Pages: 5

Free Essay

Business Environment on Armani

...Business Environment on Armani Contents Introduction…………………………………………………………………………………………………………………… Task 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...

Words: 4521 - Pages: 19

Premium Essay

Business Environment

...Title: Business Environment: An In-depth Study from Organisational Aspect Course Title: Business Environment Student Id: LCC20135580 Student Name: Mohammed 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...

Words: 2823 - Pages: 12

Premium Essay

Business Strategy

...siness | | | International Plato University Assignment Brief | Title of Qualification:Edexcel BTEC Level 4 HNC in Business | Unit title: Unit 1 Business Environment | Unit code(s): Y/601/0546 | Learner:Nuraiym Azygalieva | Assessor:Dinara Bobusheva | Internal Verifier:Talant Asan uulu | Title of Assignment:Organizational purposes of Business and effective strategy in context of Business start-up.Grading criteria: P1.1, P1.2, P1.3; M1; D1.Related learning outcomes:LO1: Understand the organizational purposes of businesses. | Assignment Number:__1__of __3__for this Unit | Date assigned:November 1, 2013 | Date of review:November 8, 2013 | Date for final submission:November 15, 2013 | Learner declaration:I confirm that this assignment is my own work and any assistance received has been acknowledged and all sources have been stated.Signature: Date: November 15, 2013 | Scenario:In order to facilitate the interactive teaching technique due to accepting the basic findings of Interactive Business Situations Analysis conducted during the seminars and independent students’ study, the following two alternative scenario have been proposed for designing the required Assignment # 1 as follows:Scenario # 1:Primary terms of Business start-up to be organized as “Skull-Up” company are determined as Business partnership with full liabilities legal form. Business specialization of considering...

Words: 3175 - Pages: 13

Premium Essay

Vjhdg

...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

Premium Essay

Business Environment

...2 Describe the extent to which an organisation meet the objective different stakeholders pg.5 1.3 Explain the responsibilities of organisation and strategies employed to meet them pg.6,7 2.1 Explain how economic systems attempt to allocate resources effectively pg.7, 8 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities pg.8, 9 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation pg.10 3.1 Explain how market structures determine the pricing and output decisions of businesses pg.11 3.2 Illustrate the way in which market forces shape organisational responses using a range of examples pg.12 3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation pg.13 4.1 Discuss the significance of international trade to UK business organisations pg.14 4.2 Analyse the impact of global factors on UK business organisations pg.15 4.3 Evaluate the impact of policies of the European Union on UK business organisations pg.15, 16 INTRODUCTION IN THIS ASSIGNEMENT I WILL INDENTIFY AND DISCUSS THE TYPES OF ORGANISATION, I WILL EXPLAIN THE RESPONSABILITIES OF ORGANISATION THE ECONOMIC SYSTE. I WILL SHOW THE KEY OBJECTIVES COMPETITION POLICY AND HOW THE MARKET STRUCTURES DETERMINE THE PRICING OF THE DECISIONS OF BUSINESS. I WILL ANALYSE THE IMPACT OF GLOBAL FACTORS ON UK BUSINESS ORGANISATIONS AND I WILL...

Words: 3982 - Pages: 16

Premium Essay

Business Environment

...BTEC Level 5Higher National Diploma (HND) in Business Unit 1 : Business Environment Unit Code : Y/601/0546 Assignment No : 1 Assignment Title : Assessment of Business Environment for an organization of your Choice Date Set : 10/10/2014 Due Date : 25/12/2014 Learning Outcome Covered: 1. Understand the organisational purposes of businesses 2. Understand the nature of the national environment in which businesses operate 3. Understand the behaviour of organisations in their market environment 4. Be able to assess the significance of the global factors that shape national business activities Grading Opportunities Available: Outcomes/Grade Descriptors | P 1.1 | P1.2 | P 1.3 | P 2.1 | P 2.2 | P 2.3 | P 3.1 | | | | | | | | | Outcomes/Grade Descriptors | P 3.2 | P 3.3 | P 4.1 | P 4.2 | P 4.3 | M 1 | M 2 | | | | | | | | | Outcomes/Grade Descriptors | M 3 | D 1 | D 2 | D 3 | | | | | | COMMENTS: P (PASS) – Learner should able to demonstrate the ability to explain each outcome as per to the Assessment information page of this assignment. M (MERIT) - Expected Qualities of the Learner’s work at Merit level will be accordingly to the merit descriptions of this assessment information page. D (DISTINCTION) – Expected Qualities of the Learner’s work at Distinction level will be accordingly to the distinction descriptions of this assessment information page. Assessor: Afzal Munna...

Words: 1426 - Pages: 6