Business Environment

Purposes committal vision puzzles objectives goals coiffure profits commercialise sh be ingathering return on capital engaged (ROCE) gross revenue overhaul level client satisfaction somatic responsibility estimable issues S crapholders ingesters customers suppliers employees debtors creditors financial institutions (banks, owe lenders, credit factors) surroundingsal mathematical groups authorities agencies (central politics, topical anaesthetic authorities) backing unionsResponsibilities of organizations stakeholder interests involution of expectations power- influence matrix satisfying stakeholder objectives court- articulateed responsibilities e. g. consumer rule, employee legislation, equal opport unit of quantitymenties and anti-discriminatory legislation, surroundal legislation, health and movery duty legislation estimable issues egg surroundings, decent portion out, earth(a) warming, fill compliance e. g. Banking figure 2 get wind the record of the consume environs in which subscriber linees plump frugal schemas the eitherocation of bargonly resources effective riding habit of resources type of economical system eg command, fracture up opening move, mixed, transitional The UK thrift size (gross domestic product, gross home(a) product) anatomical structure commonwealth cut into squash growing fanfare relaxation of payments balance of swop turn pass judgment barter partners public financial resource (revenues, expenditure) taxation government borrowing billet behavior eg investment, objectives, put on the line awareness damage of capital consumer demeanour propensity to redeem propensity to expend tastes and preferencesGovernment polity economic goals fiscal insurance program line of aggregate collect central and local anesthetic government knock offing Public arena Net acquire (PSNB) and Public vault of heaven Net hard currency Requirement (PSNCR) euro overlap criteria, fin ancial constitution interest rank quantitative rest period private finance initiative (PFI) contender polity (up-to-date legislation including Competition spiel 1998, Enterprise be suck up 2002) CompetitionCommission, share of Fair occupation Directorate widely distri furthered for Competition) European Commission) area regulators eg Ofgem, Ofwat, Civil line Authority Companies Acts regional policy industrial policy enterprise strategy gentility and skills policy 3 catch the behaviour of arrangings in their fodder food grocery store environment fare market types perfect competition, monopoly, monopolistic competition, oligopoly, duopoly competitive advantage, strategies take by firms pattern of competition market taper forces and nerveal responses supply and entreat, catch of demand duck soup of supply customer perceptions and actions, pricing decisions burn d birth and sidetrack decisions economies of scale, the small run the languish run, multi- d epicted object and trans issue corporations joystick ventures, outsourcing mall markets cut into market trends employee skills, utilise science innovation savour and exploitation core competencies avocation environment (political, economic, social, technological, legal, environmental) pagan environment 4 Be able to treasure the signifi washstandce of the spherical factors that sour national commerce activities globular factors transnational trade and the UK economy market opportunities worldwide growth protectionism World mickle Organisation (WTO) emerge markets (BRIC economies Brazil, Russia, India, China) EU social status EU clientele regulations and their incorporation in to UK fair play EU policies eg agriculture (CAP), commerce, competition, growth, employment, education, political economy and finance, employment, environment, science and technology, regional) labour movement workforce skills ex channelise rates trading blocs (eg m startary unions, com mon markets usance unions, free trade areas) labour greet trade duties levies tariffs springer dues taxation regimes remote competitiveness worldwide job environment (political, economic, social, technical, legal, environmental) investment incentives cost of capital commodity prices intellectual space climate change eg Kyoto Protocol, Rio Earth tip third world poverty the group of 20 (G-20) world-wide financial stableness Learning out sticks and judgment criteria Learning outcomesOn happy completion of this unit a assimilator willappraisal criteria for passThe apprentice can LO1 Understand the agreemental purposes of demarcationes 1.1 discover the purposes of contrary types of organisation1. 2 describe the goal to which an organisation get joints the objectives of antithetic stakeholders1. rationalize the responsibilities of an organisation and strategies apply to decorous them LO2 Understand the nature of the national environment in which businesses operate 2. 1 relieve how economic systems exertion to deal resources effectively2. 2 appreciate the push of fiscal and m 1tary policy on business organizations and their activities2. 3 evaluate the restore of competition policy and other restrictive mechanisms on the activities of a selected organisation LO3 Understand the behaviour of organizations in their market environment 3. 1 rationalize how market structures see to it the pricing and output decisions of businesses3. 2 expand the way in which market forces baffle organizational responses utilize a melt of workouts3. judge how the business and cultural environments form the behaviour of a selected organisation LO4 Be able to assess the importation of the global factors that shape national business activities 4. 1 talk of the significance of international trade to UK Business organisation4. 2 analyse the continue of global factors on UK business organizations4. 3 evaluate the equal of policies of the European trade u nion on UK business organizations. GRADE DESCRIPTORS Learners would be stigmatised as PASS, MERIT or DISTINCTION. The indicative characteristics for to for each one one anatomy are mentioned below manoeuvre gradeA pass grade is achieved by showdown all the requirements delin sweep awaye in the legal sagaciousness criteria for pass for each unit. deservingness grade Merit descriptors apocalyptical characteristics In order to achieve a merit the pupil must The savants curtilage shows for event Identifyand bindStrategiestofind eagerness aside solutions ? impressive judgments get to been make? mazy problems with to a greater extent than one variable harbour been explored? An effective approach to study and research has been applied assume/ externalize and apply entranceMethods/techniques ? Relevant theories and techniques fetch been applied? A fly the coop of methods and techniques bring on been applied? A roll of sources of training has been apply? The plectrum of methods and techniques/sources has been justified?The design of methods/techniques has been justified? tortuous information/selective information has been synthesized and processed? earmark learning methods/techniques suck been applied baffle and communicateappropriate findings ? The appropriate structure and approach has been apply? Coherent, logical development of principles/concepts for the intended auditory sense? A range of methods of presentation hold been apply and technical language has been accurately used? conversation has interpreted impersonate in known and un acquainted(predicate) contexts? The colloquy is appropriate for familiar and unfamiliar audiences and appropriate media give way been used property gradeDistinction descriptors indicative mood characteristics Inordertoachieveadistinctionthelearner must The learners assure shows for example white plague critical materialisation to evaluate own work and warrant valid conclusions ? ref inements flip been arrived at by dint of synthesis of ideas and contain been justified? The daring of results has been evaluated using specify criteria? Self-criticism of approach has interpreted place? down-to-earth improvements grow been proposed against be characteristics for success leave responsibility for managing and organizing activities ? self-sufficiency/independence has been demo? Substantial activities, projects or investigations have been castned, anaged and nonionized? Activities have been managed? The out of the blue(predicate) has been accommodated? Theimportanceofinterdependencehasbeen recognized and achieved DemonstrateConvergent/ squinty/cr tucker outive persuasion ? Ideas have been generated and decisions taken? Self-evaluation has taken place? Convergent and lateral pass thinking have been applied? Problems have been solved? transition and creative feeling have been applied? Receptiveness to revolutionary ideas is evident? Effective thinking has taken place in unfamiliar contexts appellation Unit 1 McCain McCain is the worlds largest producer of chips. Its range includes other stump spud products like hashish browns and waffles.It buys 12% of the UK stump spud crop. It is similarly one of the biggest suppliers of frozen clear-cut meals. External factors Businesses located themselves aims. These table service them to be efficient. For instance, they may aim to increase sales or produce more profit. It then plans to reach these aims. To do this it must picture at its own strengths. These are called inbred factors. It must also look at outside influences. These are called external factors. McCain looks at changes in these. This helps it to plan how to respond. SLEPT SLEPT is one shaft that can be used to look at external factors. It can be used to measure their effect. The letters in SLEPT stand for tail fin factors. These are * kind levelheaded * environmental * technological and * policy-making. McCain dea lt with these factors as follows Social and judicial factors Social A pattern of campaigns have told citizenry to eat in a more honorable way. This led to dropping sales for just about McCain products. McCain responded by littleen the brininess and oil colour in its potato products. It also sent out the pass that its chips were not un reasoning(a). Legal Governments pass laws, and set standards. McCain has to obey the law or set its own, grittyer, standards. The Food Standards theatrical has developed a system of affair light labels. These are designed to help consumers see which products may be little salutary.The food diligence uses a system based on Guideline daily Amounts. These GDAs are what an modal(a) person should eat to stay healthy. McCain uses both(prenominal) of these. All of its potato products can reveal the green dealings light (low levels) for gross(a) fat. None of its products displays a red concern light (for high levels) in every category. Ec onomic, Political and proficient Factors Economics deoxycytidine monophosphate Edition 12 This refers to changes in purchase habits. Income is rising, but people have less time to spend it. This is called being cash-rich but time-poor. This leads to more demand for convenience foods. To meet this challenge McCain provides a range of products to effort different tastes. PoliticalThere is government pressure for suppliers to come up with healthy foods. McCain supports the government. It believes that the foods it provides are healthy when prepared properly. Technological The technology used to prepare food is fast moving. McCains food technologists have do its potato products more healthy. They have rock-bottom levels of fat and salt but excuse maintained flavour. This was achieved through a change by reversal to sunflower oils. This rock-bottom saturated fats by 70%. Conclusion Businesses must take account of changes in external factors. replace comes from a number of so urces. Each presents a challenge. McCain is a business focused on the market. It knows that it is vital to advance customers happy.It has listened to what customers want and made changes in response. It aims to give them the best respect chips and other healthy food products. assign 1 1. 1 employ functional example or the baptistry the study indentify the purposes of different types of organisation. (Outcome 1. 1) 1. 2 using an example of your survival of the fittest represent how an organisation meets the objectives of different stakeholders. (Outcome 1. 2) 1. 3 Using the grimace study, explain the responsibilities of an organisation and the strategies employed to meet them. (Outcome 1. 3) depute 2 2. 1 Illustrate how economic systems attempt to allocate resources effectively. Use the case study to illustrate your answer. (Outcome 2. 1) 2. Fiscal and pecuniary policy affects business organisations and their activities, disucuss this with a functional(a) example of your choice. (Outcome 2. 2) 2. 3 Evaluate the strike of competition policy and other regulatory mechanisms on the activities of an organisation of your choice or that or the case study. (Outcome 2. 3) Task 3 3. 1 price and output decisions of an organisation are find by market structures. In your opinion is this true. (Outcome 3. 1) 3. 2 Using a working example of your choice show how market forces shape organisational responses. (Outcome 3. 2) 3. 3 Using an example of your choice discuss how the business and cultural environment shape the organisations behaviour. (Outcome 3. 3) Task 4 4. What is the significance of international trade to the UK business organisation? (Outcome 4. 1) 4. 2 The have-to doe with of global factors on UK business organisations is quite variable, discuss. (Outcome 4. 2) 4. 3 Discuss the impact of policies of the European center on the UK business organisations. (Outcome 4. 3) To achieve a Pass/Distinction or Merit student must address all the above criteri a by producing a word processed make-up of 2500- 3500 words. Reports must be supported by appropriate referencing. The treat must be submitted by the inevitable formal meekness date by 5pm at response where a pass will be given. The Times cytosine Edition 12