Business Environment

Institution Name: Guildhall College

BTEC Higher National Diploma in Business

Business Environment (unit-4)

Lecturer

Mr. Arif Punjani

Student Name: Dean Mark Dias

Student ID: 10884

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Edexcel was formed   in 1996 by the merger of two bodies, the BTEC (Business & Technology Education Council) and ULEAC (University of London Examinations and Assessment Council). In 2003, the Edexcel Foundation (the charity which managed the board) formed a partnership with Pearson PLC to set up a new company called London Qualifications Ltd, which was 75% owned by Pearson and 25% by the Edexcel Foundation. London Qualifications Limited changed its name to Edexcel Limited in November 2004. Edexcel offers a variety of qualifications, including A levels (GCEs), GCSEs and the BTEC suite of vocational qualifications.

Edexcel's Mission: Edexcel’s mission is “Advancing Learning, Changing Lives”

Edexcel's Vision: Edexcel’s vision is to maintain standards and to help raise attainment
through their investment in people, technology and the world class customer service that we provide. We are here to help you advance learning in your institution and maximise opportunity for your learners.

Achieving the objective of Stakeholders: To outline the overall objective of stakeholders, first of all we need to have a clear understanding of what is a stakeholder, where they come from and what are they for a business.

A stakeholder is a person or a group of people that are interested in an organization not only for the profitability of it, but also to accept the consequences in the losses in which they are affected by are known as stakeholders i.e. customers, investors, employees, managing directors, government agencies, suppliers, banks, media, insurance agencies, workers union etc.

Classification of   Stakeholders:   We may classify stakeholders into two groups

    ❖ Internal- Employees, QCA, Investors, Exam centre, JCQ

    ❖ External- Suppliers, Media, Bank,... [continues]

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