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Describe the types of business, purpose and ownership of two contrasting businesses. Describe the different stakeholders who influence the purpose of 2 contrasting organizations. Describe how two businesses are organized. Explain how their style of organization helps them fulfill their purpose p. Describe the influence of two contrasting economic environments on business activities within a selected organization. Describe how political, legal and social factors are impacting upon the business activities of the selected organization and their stakeholders p. 7 – 45 MI Explain the points of view from different stakeholders seeking to influence the strategic aims and objectives of 2 contrasting organizations AY /TO Compare the challenges to selected business activities within a selected organization, in two different economic environments Analyses how political, legal and social factors have impacted on the two contrasting organizations Evaluate the influence of stakeholders in one organization DO Evaluate how future changes in economic, political legal and social factors may impact on the strategy of a specified organization Learner declaration certify that the work submitted for this assignment is my own and research sources are fully acknowledged.
Learner signature: Date: Task Number Relevant Grading Criteria Draft Deadline Final Deadline Assignment 1, Task 1 18th September 29th September Assignment 1, Task 2 17th October 24th October Assignment 1, Task 3 MI, ODL 22nd November 20th December Assignment 2 UP / UP 3rd February 27th February Assign meet 3 UP / MM 27th March 17th April Assign meet 4 8th May 22nd May Unit Completion / Update Time AS, then MS, then DSL 6th June BITE National Diploma in Business Unit 1 – The Business Environment Assignment 1 -The purpose of organizations and their stakeholders Assignment Objectives: Understand why different types of businesses exist and can describe different types of business organizations and their ownership Identify the stakeholders of a business, their viewpoints and the amount of influence they have in a selected organization Criteria Covered by Assignment Criteria Task Definition Describe the type of business, purpose and ownership of 2 contrasting organizations. UP 2 organizations. MI 3 tragic aims and objectives of 2 contrasting organizations ODL 4 Scenario You work for the ‘Business Review Magazine’. This magazine is used to develop and extend students’ knowledge about the world of business. Your manager has asked you to run a feature article on two contrasting businesses. You need to illustrate the similarities and differences between the two businesses.
You will need to carry out a number of tasks to complete this article and present the information in front of your colleagues first, to see if it’s detailed enough to run in next month’s edition. ASSIGNMENT 1 Task 1 (Pl) As stated, you should choose 2 different businesses e. G. A large international business which makes a profit, compared to a small business which is in business not to make a profit. You will need to carry out primary and secondary research, using the internet, interviews with business owners or employees, and observations of the business if they are local. Your presentation must include: Brief introduction to the businesses The type of business The purpose of the businesses – Who established the business and why?
What is the organization’s main purpose / reason for existing? Do they provide services or goods? Give examples. What do they receive in return for providing them? Describe the ownership of the businesses – Sole trader, partnership, private or public limited company – definition Incorporated or unincorporated? Shareholders or no shareholders? Limited or unlimited liability – definition and explanation. Brief advantages and disadvantages for this ownership for the business organization. Slide 1 Your name, title, assignment details Pl Slide 2 Organization 1: Type of business Explain whether it is local, national, international or global scale organization. Give evidence.
Slide 3 Organization 1 : Type of business State whether its private, public, not-for-profit or voluntary sector. Explain the sector Slide 4 Organization 1: The purpose Give a brief outline of the different products or services the organization offers. Use pictures and video clips. Slide 5 State the sector – primary, secondary or tertiary. Provide evidence. State the aims and objectives of the organization. Slide 6 Organization 1: Ownership State the ownership Outline the advantages and disadvantages of this type of ownership. Describe at least two advantages and two disadvantages. Explain the type of liability the organization has. Slide 7-11 Repeat the same headings for organization 2.
Meeting the Criteria: Types – local, national, international, global, public, private, not-for-profit/ voluntary sectors of business activities Primary, secondary and tertiary sectors Business Purposes – why do they exist, how products and services provided for profit or not Ownership – public, private, voluntary: types – sole trader, partnership, private and public limited, government departments, government agencies, worker cooperatives and charitable trusts. What are the implications of different business types of ownership on businesses? ASSIGNMENT 1 Task 2 (UP) Your article has gone to press. Well done! Your manager was so impressed with your work and effort that she has decided to set up a student Q&A forum online for the magazine.
This will give students the opportunity to comment and ask further questions relating to the article. To prepare for this you have been asked to research the stakeholders of chosen two businesses and you will have an intense meeting with your manager were she will ask questions relating to stakeholder influence. Prepare notes to take to the meeting with you on the following: Who are the stakeholders, which are the most significant? Why each stakeholder is interested in the businesses? What do they want from the businesses? Do they influence the aims and objectives of the business and if so which ones? How do they influence the businesses? Make sure you cover the stakeholders of both of your two contrasting businesses.
Key Stakeholders – customers, employees, suppliers, owners, trade unions, employer associations, communities (local and national), governments, links and interdependencies. What is their influence? Define the term stakeholder Describe the different stakeholders for each organization. Explain the stakeholders for each organization AND why they are interested in your chosen business Stakeholder Points to Cover Owners Who are they and what are their interests? Customers Who are they? What do they want from each business and why? Employees Who are the employees? Numbers? Names? Interests? Suppliers Who are the suppliers? Interests? Pressure Groups Name any pressure groups who may influence the business and explain why they would influence this business.
Interests? Local Community Who are the local community? Interests? Trade Unions What are trade unions and what do they do? Name any trade unions the employees at each organization may belong to. Interests? Government Define the government. Interests? How would they influence the way the NASH Walk in Centre operates? Why? How would they influence the purpose of Pizza Hut? Employer associations Who are they? Their interests? National communities Who are the national community? Interests? ASSIGNMENT 1 TASK 3 (MI) You need to add more depth to your answers in the meeting to achieve MI; therefore this task will need to be in a written report style.
As well as the required content for task 2, you will also be asked the following about the stakeholders for both of your chosen businesses: For each stakeholder, what things make them satisfied and unhappy with the business? How much influence do they have? Why is this true? How does what makes them satisfied with the businesses relate to the aims and objectives of the business? This must be done for each of the 2 businesses you have chosen. When both businesses have the same stakeholder group (e. G. Customers) you need to compare how this stakeholder group influences each of your two different Explaining the differences between similar stakeholders for the 2 contrasting businesses you have been studying. Explaining the steps each stakeholder group can take to influence the business and its aims and objectives, and their motivation for doing this.
ASSIGNMENT 1 TASK 4 (ODL) As well as the required content for task 2 & 3, you now have to carry out research on your own company ‘Business RevieW. You have to focus in more depth on the stakeholders of ‘Business Review Magazine’. You have to evaluate the influence exerted by all of the different stakeholders of Business Review Magazine. This would be done in a presentation, which should include the following: A description of the influence that each stakeholder has over the organization and why this is. Evidence of your research on each stakeholder, including the source of the information. An explanation as to how you know that the information and the source of the information for each stakeholder are valid.