...Organisations can be classified in terms of their business purpose, ‘for profit’ or ‘not for profit’ organisations. Organisations that seek to make a profit are mainly private sector businesses which provide goods/services and must make a profit to survive. They can break even or even make a loss for a very short time or they will cease to exist. The main structure of profit seeking organisations includes: 1. SOLE TRADER. Business owned by a single person, bearing full responsibility of financing and the burden of any debts of the business. The purpose of its existence is to sell goods/services with a view to make a profit out of the transaction. 2. PARTNERSHIPS. Business owned by two or more people. The purpose of a partnership is to share the burden of raising finance and the debts of the business as well as the profits generated by the sale of goods/services. Partnerships also enable the owners to share skills and knowledge required to run the business. 3. COMPANIES. Private and Public Limited companies have their own legal identity separate from its owners. They provide goods/services and seek to make a profit and maximise the wealth its owners/shareholders. These are mainly larger organisations than sole traders and partnerships, and may have more stakeholders, depending on how large they are. The survival of the large organisations does not depend solely on making a profit but on other factors as well such as public perception. They aim to be socially responsible and take...
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... | |Course Title |HND Business | |Assessment Code |HND Bus-Unit 2/Managing Finance May 2013 | |Hand Out Date |27th May 2013 |Hand In Date |26th July 2013 | |Lecturer(s) |Mr. Haider |Internal Verifier | | | |Mr. David Ogila | | | | |Mr. Daniel R. | | | |Sources of information |Course Notes / Slides / Activities / Handouts. | | |Recommended Learning Textbooks: | | |BPP Business Essentials Managing Finance ...
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...the confidence to speak to their managers about their views or any ideas they might have. The last element of the Harrods Human Resources programme is Living the brand values and making sure that all the employees be it senior staff or ground employees who work the shop floor understand and model the brand values. The Human Resources department at Harrods developed this programme in order to improve the job satisfaction of their employees and also to reduce the employee turnover. It has resulted in Harrods having a better relationship with its employees and one in which they feel comfortable approaching management to discuss issues regarding their job etc. This change has made Harrods successful as they put their employees first and always listen to them. Harrods have also adopted different engagement methods to give employees and managers the opportunity to share ideas and views. The methods include: • An internal Employee magazine which is a way of keeping staff motivated as it contains competitions and keeps staff updated to any changes or interesting interviews etc. • An Intranet which allows employees to pick what information they wish to be informed about rather than having to read or learn about things which they have no interest in. • ‘Other forms of employee voice’ which contains a ‘Bright ideas’ scheme which was made in order to allow employees to contribute ideas towards company improvement. • Morning Briefing allows employees who work the shop floor...
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...You are working as an intern with MacTaggart Consulting, an organisation who deliver training on customer-related issues. As part of your training you have been asked to write an evaluative report on the customer care culture of an organisation of your choice. Other interns are based in different parts of the consultancy. You have been encouraged to keep in touch with each other and form a mutual support group. You decide to call a meeting with the other interns to discuss the report task. Your mentor says she would like to come along to hear how things are going and she offers to chair the meeting. Send out an invitation to the meeting by email. Since this is a notice of meeting it should include the topic, the date and time, and a proposed venue. You need at least four interns at your meeting. Don’t forget to ask them to get back to you with availability as well as the details of their chosen organisation. You will need these details for your agenda. Once you know who is attending, create an agenda for the meeting. Each intern will speak about the organisation they’ve chosen and how their research is progressing. This means each person will be responsible for one agenda item. Prepare your own agenda item. This will involve making notes on your progress so far; what you’ve found out about your chosen topic; what difficulties (if any) you’ve encountered; and what proposals you’re considering. You can create a brief electronic presentation if you think it...
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...Unit 21: Human Resource Management Module Instructor: Mehfuzul Haque Email: mhaque1902@hotmail.com Module started: ............... Assignment hand-in date: ..................... Submission deadline: ...................... HND in Business Date:………………………… Assignment Reference: K/601/1264 1 Learner’s name and statement of authenticity Unit 21 Learner’s name:……………………………………………….. Learner’s ID:…………….... Human Resource Management Date handed in:………………….. HND BUSINESS I certify that the work submitted for this assignment is my own. Materials taken from other sources have been duly credited and acknowledged in the bibliography. Edexcel BTEC Signature:………………………… Level 5 2014 Unit 21: Human Resource Management 2014 Learning outcomes and assessment criteria Recruiting and retaining staff of the right caliber contributes to the achievement of organizational purposes. Staff must make a valued contribution to the work of the organization. Eventually they will leave, more often than not because they find alternative employment or retire. Occasionally, however, employment has to be terminated. This unit considers how human resource management deals with these aspects of working. However, the focus of human resource management has moved beyond personnel management towards a more proactive approach that, in addition to the traditional roles associated with staff management, also considers how to get the best people and the best...
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...UNIT 13 http://www.colbournecollege.com/files/MAN_100_LESSON_1-7.pdf MAN 100 Personal and Professional Development WEEK 1- 7 LECTURE NOTES Learning Outcome: Understand how self-managed learning can enhance lifelong development Learning Objectives: WEEK ONE Self-managed learning: self-initiation of learning processes; clear goal setting, eg aims and requirements, personal orientation achievement goals, dates for achievement, self-reflection WEEK TWO Learning styles: personal preferences; activist; pragmatist; theorist; reflector, eg reflexive modernisation theory; Kolb‘s learning cycle WEEK THREE Approaches: learning through research; learning from others, eg mentoring/coaching, seminars, conferences, secondments, interviews, use of the internet, social networks, use of bulletin boards, news groups WEEK FOUR Effective learning: skills of personal assessment; planning, organisation and evaluation WEEK FIVE & WEEK SIX Lifelong learning: self-directed learning; continuing professional development; linking higher education with industry, further education, Recognition of Prior Learning, Apprenticeships, Credit Accumulation and Transfer Schemes WEEK SEVEN Assessment of learning: improved ability range with personal learning; evidence of improved levels of skill; feedback from others; learning achievements and disappointments Self-managed learning: Self-initiation of learning processes 2 What is Self Managed Learning? Self Managed Learning (SML) is about individuals...
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...4 weeks from the deadline Assessment Brief Unit Details: Unit Code: Organisations and Behaviour (Unit 3) Programme Name: BTEC Higher National Diploma (HND) in Business Awarding body: Edexcel Unit Level (QCF): QCF-4 Academic term: May - July 2013 Course Details | Course Name | BTEC Higher National Diploma (HND) in Business | Unit number | 3 | Unit Name | Organisations and Behaviour | Credit Value | 15 | Lecturer | Antonios/Hillary/Ousman/Raazia/Sunday/Victor | Hand Out/Issue Date | w/c 20.05.2013 | Submission Deadline | 29 July 2013 | Introduction Students are expected to write a report covering the points listed under each of the learning outcomes. To achieve a pass in this unit, you must successfully address all of the assessment criteria listed (P1-P12). We expect all students to achieve their potentials and would encourage you to address all pass criteria, merit and distinction descriptors. For certain tasks students are encouraged to use real life examples and/or the scenario provided below. There is not set format for this report. However, like all business report you should have an introduction and a conclusion. Scenarios A Coca-Cola Great Britain People often assume that The Coca-Cola Company bottles and distributes its own beverages. For the most part, it does not. The Company's primary business consists of manufacturing and selling beverage concentrates and syrups - as well as some finished beverages - to bottling and canning operations and other...
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...When looking for a company to work for an appealing aspect of the company that an employee seeks is that of company morale. How the company treats their employees and how do they treat everyone as a whole throughout. Also, an important driver is how the company handles situations in which they may be scrutinized and criticized. There is a dual board system where there is a Supervisory board and an Executive board. Both of these boards work independently. The Executive Board is in charge of managing the company “developing the Group’s strategic orientation” the Supervisory Board is in charge of making this happen. The Supervisory is made up of 6 shareholders and 6 employee members; the board also has two female members five of the members have international experience. They have a transparency policy in terms of reporting and remaining transparent, in terms of their annual and quarterly reports and functions throughout the company. – This according to the company’s FY2010 annual report. Adi Dassler’s idea was carried out, but as the years have come and competition. The company has shifted in a more paternalistic style of leading as opposed to the participative outlook that Dassler had. When looking for a company to work for an appealing aspect of the company that an employee seeks is that of company morale. How the company treats their employees and how do they treat everyone as a whole throughout. Also, an important driver is how the company handles situations in which they...
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...and purpose. Organizations need to meet the needs of their owners, the stakeholders, and the customers. Some are created to make profit, some are charity, and others are governmental created to serve society. 1. Public Sector, Government organizations exist to serve society, economic development of the country and defense e.g. NHS Healthcare system, the police force. Services are provided despite the individuals ability to pay for them. They are usually funded by the government through taxation. 2. Sole Trader usually has a business which meets the needs of the community. The organization is run by the individual to earn a profit. E.g. window cleaner, newsagent. Sole traders need to make sure the goods they sell or service they provide is available at all times. It is important that a sole trader has a good relationship with the customers and the suppliers. 3. Partnership –usually more than one owner. All have an equal share in the business and assets. All share the responsibility and accountability. Usually the workload is also shared. Partnership businesses also rely on good customer relationships and satisfaction. E.g. law firm with 2 or more partners or doctors. 4. Charitable organizations are set up to help those who are poor or out of work. They do not earn a profit. These organizations can provide a service or help provide goods. Usually are run by voluntary staff. 5. Companies & corporations e.g. apple, Samsung. Usually are owned by shareholders and...
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...the well-defined procedures or process which has been used for mainly the improvement of the company’s product or the service development. The steps of the Hatton marketing planning have been described in the below: At first the Hiscox Ltd has to understand the customers of their locality. They need to analyse the market portfolio, has to analyse the competition, carry out research distribution, define marketing mix , carry out the financial analysis, at last review and revise There are three portfolio tools for the organization to make the marketing planning fruitful. They have been described in the below: BCG matrix: The Boston Consulting group’s item portfolio lattice (BCG) is intended to help with long haul key arranging, to help a business consider development opportunities by auditing its Hiscox’s product portfolio As a specialist...
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...c BUSINESS ENVIRONMENT SHAPING YOUR FUTURE A VOCATIONAL SCENARIO SUMMARY This report shows an understanding of the organisational strategic purpose and different processes of strategic planning, how to formulate a strategy and understand approaches to the evaluation process and the selection and finally how to implement that chosen strategy. CONTENTS Page no. Summary 2 Contents 3 1 Task 1 4 1.1 Mission, Vision, Objectives, Goals and Competencies……………… 4-5 1.2 Key factors when designing strategic plans for SAS…………………. 5 1.3 Two different planning techniques for SAS……………. . … ……. 5-7 M1 McKinsey’s model (7s) …… 8-9 Task 1- Understand the process of strategic planning 1.1 All organisations must have a strategic plan that can then enable the business to be developed. The main elements that should be focused on can be shown in the diagram below (Knowledgenet.carmichaelcentre.ie, 2015) Mission: A mission explains in a clear precise manner of what the organisation purpose and principle line of business is. Below I have applied this to my Business SAS:- What do we stand for? – SAS – Sharp Accounting Solutions – Ensuring integrity by making sure that the trust and responsibilities placed with me by clients is the driving force behind my business. Visions: Visions set out the strategic future of an organization and can take many forms and can change with growth they are ongoing...
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...BTEC HND in Business - Level 5 Unit 3: Organisations and Behaviour Submitted by: Silviu Daniel Varvara ID: 22716 Edexel: FA62596 Date: Lecturer: Statement of Authenticity: I certify that the work submitted for this assignment is my own. Where the work of others has been used, has been used to support my work and credit has been acknowledged. Task 1 1.1 You are required to select any two companies from UK energy industry to compare and contrast the different organisational structures and culture with another company from the same industry. 1.2 Explain how the relationship between structure and culture can impact on business performance of the first organisation you have selected 1.3 Also discuss the factors which influence individual behaviour at your first organisation that you have chosen. Task 2 2.1 Compare the effectiveness of different leadership styles with another business organisation in the same industry. 2.2 Also explain how the management functions, managerial roles and management authorities will underpin their practice of this company management. 2.3 You need to evaluate the different approaches to management used by the both organisations concerned in this task. Task 3 3.1 You have to discuss the impacts on different leadership styles on organisational motivation throughout the change of periods...
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...to this issue. The latest issue can be found on the Edexcel website: www.edexcel.com References to third-party material made in this specification are made in good faith. Edexcel does not endorse, approve or accept responsibility for the content of materials, which may be subject to change, or any opinions expressed therein. (Material may include textbooks, journals, magazines and other publications and websites.) Authorised by Roger Beard Prepared by Susan Hoxley Publications Code BH029073 All the material in this publication is copyright © Edexcel Limited 2011 Edexcel BTEC Level 4 HNC Diploma in Business Edexcel BTEC Level 5 HND Diploma in Business Edexcel BTEC Level 5 HND Diploma in Business (Accounting) Edexcel BTEC Level 5 HND Diploma in Business (Management) Edexcel BTEC Level 5 HND Diploma in Business (Marketing) Edexcel BTEC Level 5 HND Diploma in Business (Human...
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... | |Pearson BTEC Level 5 HND Diploma Business |Unit 1: Business Environment | |Centre name |Centre number | |Okan Universitesi MYO |90258 | |Student name |Assessor name | | |Can Mindek | |Date issued |Completion date |Submitted on | |28th October 2013 |22nd November 2013 | | | | | |Assignment title |Organisational purposes of business ...
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