business

Topics: Economics, Management, Organizational studies Pages: 6 (1222 words) Published: November 4, 2013

DATE SET:3/12/12

DATE OF SUBMISSION:

LEARNING OUTCOMES: 1, 2, 3 & 4

LO1Know the range of different businesses and their ownership .
LO2Understand how businesses are organised to achieve their purposes

LO3Know the impact of the economic environment on businesses

LO4Know how political, legal and social factors impact on business.

Scenario:
You work as a junior journalist for a newspaper which is planning to run a feature article on UK businesses. You have been asked to produce an article on two contrasting businesses covering purpose, ownership, organisational structure, strategic planning and how businesses interact with their environments. Task 1 ( P1,P3, P4) Submission date: w/c 14/1/12

Business organisations exist for many different purposes and have a range of aims and objectives. Privately owned businesses usually aim to make a profit for the owner(s); publicly owned organisations work to deliver services and there are many organisations working for a common cause or service rather than for profit. All these businesses employ staff and use other resources and are important to the economy of a region. a) (P1) Describe the type of business (what does the business do ?) b) (P1) Describe the purpose and ownership (including liability for any business debts) of each business. c) (P3) Describe how two businesses are organised

d) (P4) Explain how their style of organisation helps them to fulfil their purpose.  
Task 2 (p2) Submission date: wc 28/1/13
All organisations have groups or individuals who are said to be stakeholders in the business. This means that they have an interest in the actions, performance or plans of the business. For example, a decision to move location affects staff, suppliers, neighbours and customers, all of whom are stakeholders. a) (P2) Describe the different stakeholders of each of the selected contrasting organisations. b) (P2) Describe how each one influences the purpose of each of the organisations. c) (M1) Explain the points of view of different stakeholders seeking to influence the aims and objectives of these two contrasting organisations. d) (D1) Evaluate the influence different stakeholders exert in one of your chosen businesses.

Task 3 (p5, m2) Submission date: w/c 11/2/13
Your first article for the supplement proved popular and you have been asked to write another. a)(P5) Describe how the activities of one of your chosen businesses are affected by the changes in the economic cycle and contrast how it would behave in times of boom and recession. b)(M2) Compare the challenges to selected business activities within your selected organisation, in two stages of the economic cycle.

Task 4 (P6, M3, D2) Submission date w/c 22/2/13

Businesses operate in a world in which they have to change what they do, and how they operate, according to the social, legal, economic and political environment. You have been asked by the editor to write an article for the business supplement in which you compare how one business behaves in different circumstances.

a)(P6) Describe how political, legal and social factors are impacting upon the business activities of both your selected organisations and their stakeholders.

b)(M3) Analyse how political, legal and social factors have impacted on the two contrasting organisations.

c)(D2) Evaluate how future changes in economic, political, legal and social factors may impact on the strategy of a specified organisation.


Grading criteria
To achieve a pass grade the evidence must show that the learner is able to:
To achieve a merit grade the evidence must show that the learner is able to:
To achieve a distinction grade the evidence must show that the learner is able to:

describe the type of business, purpose and ownership of two contrasting businessesP1evaluate the influence different stakeholders exert in one organisation...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Garden business Essay
  • Business Essay
  • business Essay
  • Principles Of Business: Production
  • Business Essay
  • Business Essay
  • Introduction To Business Essay
  • Essay on Business communication

Become a StudyMode Member

Sign Up - It's Free