BTEC L3 90 Credit Diploma in Business Unit 1 – The Business Environment Assignment Learning Outcomes – on completion of this unit you should; 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purpose 3. Know the impact of the economic environment on businesses 4. Know how political‚ legal and social factors impact on business Task 1 – Submission Date 27/09/2012 You are working as a business journalist for
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Chapter 2 The external environment: Opportunities‚ threats‚ industry competition and competitor analysis Knowledge objectives 1 Explain the importance of analysing and understanding the firm’s external environment 2 Define and describe the general environment and the industry environment 3 Discuss the four activities of the external environmental analysis process 4 Name and describe the general environment’s six segments Knowledge objectives 5 Identify the five competitive forces
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we can find “LG”‚ “General Electric”‚ “Samsung”‚ and “Sony”; the last one is one of the biggest manufacturer of electronic equipment in the world and a good competitor for other firms. It was founded on 1946 on a partnership alliance (Masaru Ibuka and Akio Morita) with its headquarters in Japan. At the beginning the company was called “Tokyo Telecommunication Engineering Corporation” but changed its name years later to “Sony”. “The name of Sony comes from the combination of two Latin words: Sonnus
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PREDICTION ABOUT FUTURE CHANGES IN THE LEARNING ENVIRONMENT AND ITS IMPACT ON THE SOCIETY Introduction The rapid changes and increased complexity of today’s world present new challenges and put new demands on our education system. There has been generally a growing awareness of the necessity to change and improve the preparation of students for productive functioning in the continually changing and highly demanding environment. In confronting this challenge it is necessary to consider the complexity
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revolution in Japan. His firm launched one of the first transistor radios in 1955‚ followed by the first Sony-trademarked product‚ a pocketsized radio‚ in 1957. The next year the company changed its name to Sony (from "sonus‚" Latin for "sound‚" and "sonny‚" meaning little man). It beat the competition to newly emerging markets for transistor TVs (1959) and solid-state videotape recorders (1961). Sony launched the first home video recorder (1964) and solid-state condenser microphone (1965). Its 1968
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CHAPTER 1 THE COMMERCIAL ENVIRONMENT INTRODUCTION The commercial environment is the “arena” in which purchasing and supply professionals and many others in business operate. This environment is essentially live and developing all the time and it includes many factors beyond the organisation’s day-to-day control. This ever-changing business environment puts all organisations under pressure to conform‚ adapt‚ innovate‚ or suffer the consequences of any inaction. Continuous appraisal of the
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BUSINESS ENVIRONMENT | |After discussing the meaning of business environment‚ now we will discuss the various components of business environment. The various components of business environment are- [pic]External environment consists of those factors that affect a business enterprise from outside. External environment includes shareholders‚ competitors‚ customers‚ society‚ government laws and regulations‚ policies and technology. External environment is generally classified into micro environment and
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| 2012/13 | | Id: 1180654 Allan raisin | [Firms can do more than simply anticipating and responding to both macro and micro environment:-] | Market research is the function that links the consumer‚ customer‚ and public to the marketer through information | “Marketing environment includes all the forces that directly or indirectly influence marketing operations by affecting an organization acquisition of inputs/creation of outputs such as human‚ financial and natural resources
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1. ------------------------------------------------- Basic Legal Notions Law - is a set of rules that is binding the community. A set of rules that can be enforced and is officially recognized. Law must be capable or reform and change as society’s values and ethics change. Relationship between customs‚ rules and laws- Customs and rules govern behavior but the courts do not enforce them on community members. The community may generally see a custom as right but it is not legally enforceable.
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The External Environment All outside factors that may affect an organization make up the external environment. The external environment is divided into two parts: ● ● Directly interactive: This environment has an immediate and firsthand impact upon the organization. A new competitor entering the market is an example. Indirectly interactive: This environment has a secondary and more distant effect upon the organization. New legislation taking effect may have a great impact. For example‚ complying
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