UNIT 1 ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment
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Unit one: Principles of personal responsibilities and working in a business environment Section 1: Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible‚ use an example contract to support your answer (feel free to obscure any confidential information). Things that has to be included are 1. Employer’s name 2. Employee Name 3. Date of commencement of employment 4. Employee
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Business Unit 12 P4 Describe the benefits and opportunities to the business of using internet marketing within the marketing mix of a selected business. In this task I am going to be describing the opportunities and benefits of Nike using internet marketing within their marketing mix. E-marketing overall presents businesses such as Nike with opportunities to improve a business’s marketing effort as well as helping to gain a competitive advantage. Although e-marketing does provide these opportunities
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this is why the Kraft’s food concentrates on theses power brands. 3. Examine Kraft Foods Supply Chain Goal of “exceeding customer expectations in quality of product and service at lowest effective cost”. Explain how EIM is likely to help Kraft to achieve this goal? The EIM is very likely to help because it lets the Kraft Food Company stay ahead of the game by this I mean the Enterprise Information Management helps store information about the customers and lets company like Kraft know what customer
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Unit 4: Business Communication Introduction The Organisation I done my work experience at was at Tesco’s. I will be showing you the different types of information they use for there company to excel. Tesco’s is one of the biggest grocery stores which is currently leading in the grocery market. It has now grown and now has different departments to their store e.g. Clothes‚ pharmacy‚ home electrical and etc. Written Information Tesco’s use various types of information‚ written information
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Unit 3: Introduction to Marketing P3: Describe how a selected organisation uses marketing research to continue to the development of its marketing plans Marketing Research is the collection analysis and communication of information which assists decision making when marketing. Systematic research is organised with a clear method‚ gathering research is collecting the correct and appropriate data. Recording the data is when you put all gathered information in clear records which show your findings
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They will analyse the components and the hardware itself then come up with possible solutions. Analysing the situation in which you believe it could be improved. Improvements which could make the business better. Suggested solutions from colleagues and technicians could be taken into action. In a business the systems would eventually go wrong‚ something would happen to it either internally or externally. A phone call would be made to a well-known technician. The technician would make ways and examine
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P2-Exlpain how to build cohesive teams that perform well. For a team to become successful they must progress through different stages of development. Business owners will try to build a cohesive team of employees that will imperative their success‚ teamwork is critical to a business; so many businesses will create team building exercises which will help the teams to build trust‚ ease conflict‚ increase collaboration and build effective communication. Building a cohesive team is important for the
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kind of business it is‚ the company will also need to provide the right building facilities. As well as these thing they also include: Sector centre‚ Access to distribution‚ Road/rails/air network- the company will need to make sure that their business is located in an area where customers can get access to it easily. Numbers of staff employed- is also important to think about how many staff you need in the business to carry out the job properly. If there are less staff then the business may not
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The purpose of this essay is to explain how an organisation uses an intranet to achieve knowledge sharing among its employees. This essay provides a brief description of an intranet. Research showed that businesses that utilise this technology are more time efficient. It was also noted that using an intranet saves time and money for the organisation. An intranet is a private network that is contained within an enterprise. Unlike the Internet‚ intranets are private and restrict access to employees
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