BTEC Level 3 Nationals in Business
The Business Environment (60 hour unit)
Business Types and their Stakeholders
P1, P2, M1 and D1
Scott Haragan; Des Corliss; Barbara Mercer
It is important to understand the business environment, most notably the wide range of business organisations in the private and public sectors. It is also important to appreciate the differences between them in terms of ownership, funding/finance, and the overall aims and objectives of major stakeholders. The Brief
Task 1: A family friend has been operating his own small fashion clothing business (KH Fashions) that has been trading for five years. He has decided to expand the business and has asked you to research different businesses. He wishes to explore different business types in the public and private sectors including local authority organisations and charities (as one of his options is to pursue a social-enterprise route) and because he wants to do this in a professional way, has asked you specifically to research different business types in terms of their ownership, financing, sectors, aims and stakeholders and to summarise, analyse and evaluate this information. In addition to these requirements, he is a great believer in the importance of good communication and whilst he will accept, and possibly expects you to demonstrate, a range of communication methods, for more detailed, analytical and evaluative work he insists on formal essays or reports. All your research should be referenced and well-written in terms of spelling, grammar, punctuation, structure and presentation. You should also assume that he knows little about business therefore define and explain the meaning of all terms.
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