Table of Contents 1 Introduction to organization environment 4 2 Background of Macdonald 4 3 Strength and weakness of the company 5 3.1 Strengths 5 3.2 Weakness 5 4 MacDonald specific and general environment 6 4.1 Specific environment 6 4.1.1 Customers: 6 4.1.2 Competitors 6 4.1.3 Supplier 6 4.1.4 Strategies partners 7 4.2 General Environment 7 4.2.1 Economic conditions 7 4.2.2 Political / legal conditions 7 4.2.3 Social culture conditions-society‚ education level‚ religion
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Economic Terms Definition Recession A significant decline in activity across the economy‚ lasting longer than a few months Trough The stage of the economy’s business cycle that marks the end of a period of declining business activity and the transition to expansion. Boom A period of time during which sales of a product or business activity increases very rapidly. Recovery A period of increasing business activity signalling the end of a recession. GDP The monetary value of all the finished
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P2: Describe the key stakeholders who influence the purpose of two contrasting organizations. Google A stakeholder in a business is any individual or group with an interest in the decisions made by that company. Some of the stakeholders are internal to the business‚ such as its employees. Some are external to the business such as Google users. The key stakeholders in a business are customers‚ suppliers‚ employees‚ local and national communities and government. Employees- employees are one
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Identify the mission‚ objectives and responsibilities of an organisation within its environment The mission‚ values and key objectives of an organisation and assess the influence of stakeholders Mission‚ values and key objectives are of high significance to any organisation. An organisation will state a mission that will describe the function or role it aims to provide in the form of products or services. Although the focus is long term it puts perspective on the short term so that the long-term
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also makes sure that organisations always produce and sell the goods that consumers really want. Asda is engaged in food‚ clothes‚ electronic and furniture selling. Consumers like price competition‚ as it means they can buy goods at low prices and save money. Asda is a large national company that makes a profit and it is private as well. Asda has a limited liability which means that they might lose the money they have invested in a business. This company is an incorporated business and it is also a public
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The external environment is the "external context within which an organisation exists and operates."1 One of the ways in which the external environment can be analysed is by assessing the impact of politics‚ the economy‚ social factors and technological factors (P.E.S.T. analysis). The organisations are affected either generally or immediately by the external environment. The immediate factors‚ also referred to as the operational environment‚ include aspects such as suppliers‚ financial institutions
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Unit 1 Business Purposes BTEC Level 2 First Business Assessment Resource Pack Sample learner work and assessor comments Commentary for tutors Sample learner work and assessor comments follow for the assignment A1 Local businesses and industry sectors (P1‚ P2‚ P3‚ M1‚ M2). This unit of work introduces learners to the world of business. All of the target assessment and grading criteria for this assignment have been met (P1‚ P2‚ P3‚ M1‚ M2). This assignment is one of three assignments. The other
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the main ones are Employees‚ Customers‚ Delivery services‚ Contracted Vending Companies‚ suppliers and Contracted Cleaning Companies. Employees- • Employees are important stakeholders in the business as they provide the service to the customer who eats at KFC. Without well trained staff the business would not run smoothly. The interest of the staff would be to make sure they have a secure job and a steady wage. If employees feel they are being treated poorly they will be less enthusiastic towards
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(a) Describe the promotional mix used by two selected organisations for a selected product/service. Coca-Cola Founded in 1886 by pharmacist Dr John S Pemberton in Atlanta‚ Georgia‚ The CocaCola Company is the world’s leading manufacturer‚ marketer and distributor of non-alcoholic beverage concentrates and syrups‚ and produces nearly 400 brands. www.coca-cola.co.uk/about-us/introducing-our-business.html Coca-Cola was invented by Dr John Stith Pemberton and first went on sale at Jacob’s
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Describe the social implications of business ethics facing a selected business in its different areas of activity. (P3 and M2) Social implications of business ethics The social implications often refer to those businesses that have an effect on society as a whole. They can relate to a number of areas of activity. I will now talk about the areas of activity. Areas of activity Ethics in finance In financial dealing and payments there are many kinds of unethical behaviour‚ however there are regulations
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