Business Environment

Topics: Economics, Corporation, Business Pages: 5 (1224 words) Published: September 1, 2014
BTEC L3 90 Credit Diploma in Business
Unit 1 – The Business Environment

Learning Outcomes – on completion of this unit you should; 1.
Know the range of different businesses and their ownership
Understand how businesses are organised to achieve their purpose 3.
Know the impact of the economic environment on businesses
Know how political, legal and social factors impact on business

Task 1 – Submission Date 27/09/2012

You are working as a business journalist for the Express and Star newspaper which is planning to run a monthly feature article on local businesses. Produce an article on two contrasting businesses which operate in the local area, covering purpose, ownership, organisational structure and strategic planning.

Business Type
You need to highlight what category the business comes under and provide some facts and figures to support your claim. The options available include; Local, National, International, Global, Public, Private, Not-for-profit, Voluntary, Primary, Secondary, Tertiary Purpose

Why does the business exist?
Does the business have a mission statement?
How was the business started? How has it grown?
What is the businesses core activity?
Does the business have any secondary activities?
Identify the following;
Public or private sector or charity
Type of private sector ownership; sole trader, partnership, private limited company, public limited company, franchise, cooperative. What are the liabilities of the owners?
Explain how the type of ownership is suited to each business

This task covers P1 - Describe the type of business, purpose and ownership of each business

Task 2 – Submission date – 11/10/2012 (P2) 25/10/2012 (M1) 25/10/2012 (D1)

Your next months feature for the Express and Star is to write a report on the stakeholders who influence the purpose of two businesses, which operate in the local area

For P2 in your article you should:
1. Define the term stakeholder
2. Identify the main stakeholders for each business
3. Explain what each stakeholder is hoping to achieve and how they try to influence the activities of the organisation For M1
1. Explain the point of view of each stakeholder, how does this compare to the aims and objectives of the orgainsation? 2. Highlight how there could be conflicts of interest or interdependencies between stakeholders For D1 - Using one organisation only

1. Who are the most powerful stakeholders in that organisation and why? 2. Use evidence of independent research to back up your arguments to show how those stakeholders have influenced the organisation.

This task covers;
P2 - Describe the different stakeholders who influence the purpose of two contrasting businesses M1 -Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations D1 - Evaluate the influence different stakeholders exert in one organization

Task 3 – Submission date – 24/10/2012 (P3) 15/11/2012 (P4) The Express and Star are very pleased with your work for them so far, for next month the feature is an article on how two businesses which operate in the local area are organised.

For P3 – Your article should include:
An organisational chart for each business which highlights the span of control and chain of command An outline some of the activities carried out in each functional area, highlighting roles and responsibilities How are strategic plans are made in each business

Tip –
For a medium to large business use research to find an example of their organisational structure and make your own comments on how the business is organised. For a small business draw your own organisational structure outling possible job roles based on your knowledge of the business

For P4 your article should include:
An outline the main values, aims and objectives of each business including SMART objectives An explanation of how the organisational structure and...
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