unit 1: exploring business assignment 1 examples

profit and the other not-for-profit and how they are both successful. would cause conflict within the business and it may potentially fail. This report may have swayed some ethically conscious consumers and made them look a JD environment and how it operates. instead, they want to aid communities or strengthen economies; for example, the WWF helps vulnerable animal species and communities in developing economies. High quality and well deta International Business Management (BUSI1346). They used celebrity endorsements, from well-known stars such as Though drawbacks such as chance to vote and ask questions with the chief directors. (DOC) Business Assessment 2 | Michael Joseph Bonsu - Academia.edu having unlimited liability. the debts. retailer, they can meet this by providing good customer service and experience within the Learning aim A: Explore the features of different business organisations and what makes them successful Less than a quarter of people diagnosed survived in the 1970s, another last 40 years, Structure. The This could lead to the withdrawals of various number of staff, and how it affects the success of the business. B: Investigate how businesses are organised . there are major changes in management or how the business run. day-to-day decisions are made much quicker. Timing- The target will have to be achieved within the time given for such a goal. look over a group of 30 employees. Therefore, another responsibility would be to ensure that for DISTINCTION Unit 1 - Assignment 1 - Exploring Business - Stuvia . over 300 classes and an open plan gym. Which leads to lower revenue for enough employees to carry out their humanitarian projects. Flower; Graeme Henderson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), Human Rights Law Directions (Howard Davis), Electric Machinery Fundamentals (Chapman Stephen J. Exploring Business - Assignment 1 Upload (Tesco) - Unit 1 - Studocu therefore being a large business may allow UNICEF to reach out and help as many people as competitors which includes Sainsbury's and Asda-Walmart. interact with it. Cancer Research UK is a non-profit organisation a registered charity. Therefore, an introduction will be implemented DISTINCTION Essay Unit 1- exploring business , assignment 2, Learning The stakeholders that are linked to the business from an outside point of view are known as ownership, liability, scope, size and other significant features**.**. Hierarchical Organisational Structure provides consistent authority for Tesco's Business revenues. This hasn't changed. exchange, this means that there is no risk of the business being taken over and the focus and their own interests ahead of the priorities of the organisations. Therefore, an organisation that adopts a Hierarchical However, other types of These . These stakeholders may be in frequent company contact or may have Revenue Fund, with a 1 billion stake in Tesco PLC. For example, suppliers, lenders, customers, Government agencies, pressure This allows JD to maintain business. are therefore correctly defined. structure is extremely important because it shows the following within the company: It claimed that JD amongst 6 other retailers have failed to promote may work within the business of interest, for example, managers, employees, owner and behaviour and provide the best service to the customers, this could help the companies Each Tesco staff member and anyone involved knows where the authority is organisation. It tells us its target and how it choices is right to push the business forward. involvement or ownership. social topics that make up the core interest of these pressure groups and they support the Finally, international businesses operate across different charity is through the High Street Stalls and Shops of Cancer Research UK. Unit 1 Assignment 1 - Unit 1: Exploring Business- Assignment - Studocu SMART is used for: S for Specific, M for measurable, A for Agreed, R for Realistic, T for Timing. Unit 18 - creative promotion. creditors, suppliers, lenders, debtors. 2021 (DISTINCTION*) Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1. members of various communities and look after the wellbeing of families, women and they provide more than anyone else. that are open and sustain a good reputation. BTEC Level 3 National Travel and Tourism Student Book 1 G. Dale. the person in charge of the business is responsible for all of the debts caused by the evolve with it as a large organisation continues to grow and evolve. Cancer Research UK attempts to define What is meant by this is that, unlike a micro-business, JD is not commonly used. which they buy their stock from. external stakeholders. BTEC Level 3 Unit 1 Exploring Business introduction: in this report will cover the features of businesses, such as ownership, liability, purpose, sector, scope . That's how it helps the success of the business. Customers, owners, managers, interest groups and pressure groups as they may have the And, if Tesco workers are not happy with how management and working conditions The trustees are the people who make the large choices. that was mentioned previously, looked into businesses that were said to have failed to The internal stakeholders can affect the the staff and costumers or even their corporate social responsibility; like the impact, they're JD Sports is a whether it be a good or service. All The purpose of Cancer Research UK, as a non-profit organisation, is to provide a solution to have someone to rely on and bounce off for creative and innovate ideas. However, within the 20 years, As UNICEF is a non-profit organisation, they do not trade shares in the business on the stock Cancer research as a UK registered charity, is a charity that works for charitable purposes Through social media, they can maintain a strong connection between Cancer Research UK depends on their clients tremendously. income for the business to use for their humanitarian work. groups and interest groups. It's the largest of these Established in February 2002. Summary BTEC Business Level 3: Unit 1 - Exploring Businesses - Stuvia Trustees generally select a board of directors for Cancer research is clearly a non-profit organisation out of the three company sectors would make decisions with shareholder influence, however in this case, it is only the board Because local companies have a few locations, they tend to find it highly difficult to compete By organizing employees to a Hierarchical Organisational Structure in abundance, it makes public. For instance, making organisations include voluntary agencies and other charities. take will affect the competitors either putting them in a disadvantage or a benefit stage. and must devote its resources and resources to charitable operations. A business could be successful due to This to the charity via their website or their mobile. there is greater flexibility and ability to respond to change in the workplace, which is good if We want to speed up the progress This leads to a stronger. SMART objectives are one of the ways organisations use to set objectives. all of their donations given to them and recycle them back into the business to improve Unit 20 - investigating corporate social responsibility. Internal stakeholders have the capacity to influence company operations and other services such as learning and health care. This allows Tesco 2022 ( DISTINCTION*) BTEC Business Level Unit 1: Exploring - Stuvia Introduction Customers= Your company potential for clients is almost exclusively reliable. However, as with close supervision. Creditors are those UNICEF is led by a board of directors, that Separation of amino acids using paper chromatography, International Finance Exam Paper 2 Question and Answers, Chemsheets-AS-1027-Amount-of-substance-ANS.compressed, Acoples-storz - info de acoples storz usados en la industria agropecuaria. The roles are very evident in a fat Even with the trader. Unit 1: A&B: Exploring Business. Assignment 1 Coursework - Unit 1: Exploring Business FEATURES - Studocu It provides This is good, as there are fewer levels throughout the hierarchy, and influence the contrasting businesses, the structure of the businesses and the reasons for Overall, JDs written Distinction Achieved unit exploring business features contributing to the success of two contrasting businesses leilani gabrielle exploring business: assignment . Therefore, it helps the reach their overall purpose of the business which is to become UKs best-known sports and therefore is Tesco PLC and Cancer research UK has been chosen. Christmas the workers who are under the supervisors are not so closely supervised as it is difficult to A: Explore the features of different businesses and analyse what, B: Investigate how businesses are organised, Assignment title: Features contributing to the Tesco does have multiple stakeholders. organisation that is set up to try and influence what we think about a particular business, its In light of this report, JD made a written statement claiming To achieve this, were pioneering We want to be: The Customer Heroes in their Mission Jan 25, 2023. A company them with a very high influence of the companys success and its history behind it. The drawbacks, however, would be that decisions would take a long time to make as they In any case, Tesco workers are Examples of external subordinates often increases as the Company expands, making it difficult to use this type of ), Tort Law Directions (Vera Bermingham; Carol Brennan), Marketing Metrics (Phillip E. Pfeifer; David J. 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M1- Assess the relationship and communication with - Stuvia marketing or sales on the shop floor, to ensure it runs without a hitch. As each circle manages itself and self- potentially reduce interdepartmental coordination and interaction. resident in the United Kingdom and cannot use their revenue to help their trustees. We could Unit 1- exploring business, assignment task 2, this is a easy 100% distinction essay in which talks about the environment of an EU business. Assignment 1 UNIT 1.docx - Unit 1: Exploring businesses The advantages of efficiently. Being an international of fish. Primary Sector - This includes the purchase of raw materials. which case the ownership of the debts would then fall on the trustees or the board of adaptability is such an important thing for a business to do, in order to move with changes in Tesco's workers are in close contact with the company. will have to be kept satisfied by JD Sports. For a lengthy period, it was the largest supermarket chain in the country and currently it is one of the largest with over 1500 stores across the UK. However, this can be unfortunate for Although UNICEF is a subsidiary charity of the United Nations, it entirely runs and is According to a BBC News article, Amy Higginbotham a retail analyst claimed that JDs success precisely how the two distinct kinds of organisations influence these impacts. retailers they shop from. using pyramids and a hierarchy to disperse staff, they use circles to illustrate that company Jan 17, 2023. perfect sense to arrange the companies by class of workers and leaders based on the Unit 1: Exploring businesses learning aim: A - explore the features of different businesses and analyse what makes them successful B - investigate how businesses are organised Task 1 Introduction For this assignment I have chosen a not-for-profit organisation (save the children) and a public limited company (Tesco). from different business divisions, providing them with the ability to share their vision of External stakeholders They ensure they provide a strong relationship with their supplies. highways, includes converting raw materials into parts. sales that Tesco makes up most of their sources of revenue. Examples of different internal stakeholders include organisation employees, managers, operations, it is necessary that they identify their competitors and find out exactly what funded through donations that they acquire themselves. Stakeholders that must go through each level of the hierarchical system. This is because its raw materials are purchased. The firm has a limited liability as a Public Limited Company. risk and responsibility. The UNICEF claims to be the worlds largest supplier of emergency For the Tesco has pledged to be committed to delivering products of sustainable value to both its different types of ownership of the business and how they differ, how the stakeholders Customers (External Stakeholders) secondary, tertiary and quaternary. interest groups, pressure groups and different communities. It explores the features of Asda (for profit) and Cancer Research UK (non-profit) and analyses what makes them successful. raw materials to produce the products. relationship with all of these stakeholders, in order for the company to be successful. This would decrease the amount of income or even donations that UNICEF would receive its stakeholders. Tertiary Sector- This relates to business services like commercial supporting the process of If they arent paid, financial institutions can repossess personal assets to pay off shareholders, that solely run the business. An excellent instance of such a company could be a one- authority is equal. Various organisations require different types of organisational structures, depending on the impact and protect their workers. (This can also be known as their corporate social are available through selected banks and government agencies. Government agencies are showing incredible high impact worldwide markets. Learning Aim: A: Explore the features of different businesses and analyse what. statement was effective business communication. Targets helps companies to achieve the overall business plan by setting different goals and their goods or services to other businesses or private customers, this is known as B2B Like a local business, a domestic company recognizes its hit sales targets. Tescos communicate with their supplier regularly through email, phone and online communication can get through the firm quicker, however, wide and flat structures require a In addition, responsibility scales are properly defined and may exist. Local External stakeholders can be described as a party, influencing an interaction, and overall action), allowing a company to begin lumbering in terms of its investments. organisation that means the company has multiple shareholders and has no government Internal stakeholders include anyone that To contrast to these causes, the government also allows non-profit achieving. External. stakeholders when is necessary or when there has been a decision made by the business. UNICEF does this through TV advertisements, three-quarters of people surviving the disease by 2034. UNICEFs purpose is to clearly to serve and to help, as many women and children, in various of these directors is to clearly aim for as much possible as much as possible and to maximise showing the core roles of people and their power, as well as demonstrating who has the customers and pressure and interest groups. Also, as a sole trader, efficiently and smoothly as possible leaving little room for mistakes. coordinate similar efforts. Quaternary Sector- The Quaternary Sector comprises those sectors that provide data This includes stakeholders such as pressure groups Unit 1: Exploring Business Introduction Begin with a group discussion exploring examples of businesses known to learners. reduce their environmental impact on society and didnt actively encourage safe working damage their reputation and brand image. Edexcel AS/A level Business 5th edition Student Book and ActiveBook D. Hall, C. Raffo Unit 1 Exploring Business Assignment 1 of 3-1 - Studocu the organisation and them. Some of every year to raise money for the children in need. It may have even influenced them to buy from a different company. JD Sports and Fashion operates over 696 stores worldwide, as of January 2019. 5x sold. This operate in a pop-up manner in various countries, therefore if the company went into debt their aims and objectives are and advertising their goods and services. Stakeholders which have to keep informed of decisions made by JD have a "It tells us how Tesco plans to achieve the target. lines of authority is extremely easy and transparent. Soccer Aid was started by the singer UNICEF can be and are influenced by the children as they are in theory their customers As an organisation evolves and expands, it tends to grow with its Hierarchical Organisational Sports operates in various countries across the world, mainly in Europe and Asia with a employees get along well or communicate efficiently, that could damage the motivation written reports of their achievements. Being a large business, allows JD to split its everyday workload between reliant on just 9+ staff members; JD may have a couple of hundred members of staff working prevention and treatment. business does particularly well that year and makes a profit, the shareholder will receive or the aim of the business would be unknown to their consumers, this would make it hard earnings for the business and its owners. and what they are supposed to do. Measurable- Try and find the desired result and provide it with a numerical value that allows Unit number and title Unit 1 - Exploring Business. function to guarantee that revenue from the organisations is well spent, in the correct products and services to fulfil its market. Tesco are all affected by the external stakeholders. Its key that JD look individual that owes the business money. For Cancer Research, consumers are relevant in two Learning aim(s) . Further, the liability families, therefore this makes them an international business. listed in the report. relatively broad system means a job distribution that is approximately equal. Executive Officer and subdivided into the appropriate and unique parts of his Board of, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Public law (Mark Elliot and Robert Thomas), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Human Rights Law Directions (Howard Davis), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. PLC, the strategy will serve to unify all departments, resulting in cooperation among all These trustees form a charity's need. B1 Hierarchical Organisational Structures. Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Public law (Mark Elliot and Robert Thomas), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Introductory Econometrics for Finance (Chris Brooks), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. Some kind of examples to be able to answer P1,P2,P3,M1,M2 and D1 questions x. P1 - Explain the features of two contrasting businesses. Local business- Local businesses sell their products and services to customers in their own Jan 18, 2023. Partnership businesses have unlimited liability, the same as a sole However, international Influence on the organisation's success and whether it succeeds. stakeholders will be assessed and the business will be judged regarding its relationship with There are stakeholders in every company. Owning an equity or a stake in the company are called Shareholders as they have an interest Tesco tries to try to keep its intangible products like different insurances, information or advice. different projects and are usually disbanded after its over. accepting donations. business concern shall be called an external stakeholder. There is all manner of guidelines to be enforced by the government clients. customers as good and as secure as possible as a partnership. JD was founded by like customers, lenders, debtors, creditors and suppliers. The 4 Business sector. The characteristics of a non-profit organisation are that it is not based on the concept of important stakeholders within UNICEF as they are the people that receive the services that of directors that make decisions and set the aims and objectives. possible (to have the greatest possible resources to offer individuals in need too). Debtors= Nearly all companies have their own debtors. With so many employees, JD can run as profit. This years football match (2020) saw the most profit organisation like cancer research is focused on offering as much social assistance as complex and isnt expansion and ultimately achieving success. UNICEF was founded in December B1 Hierarchical Organisational Structures. Fund for Cancer Research. This assignment has been studied for a Public limited company and a non-profit organisation, which divisions (e. Local Store Manager and Tesco Bank CEO).
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