Unit 19: Developing Teams in Business Assignment 3 P4 In this assignment I will be discussing our snack group‚ how well we worked as a team and how team working is very important. Teamwork is defined in Webster’s New World Dictionary as "a joint action by a group of people‚ in which each person subordinates his or her individual interests and opinions to the unity and efficiency of the group." This does not mean that the individual is not important anymore‚ but‚ it does mean that effective and
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BTEC IN BUSINESS Level 3 UNIT 2 – Business Resources Assignment 2 Name: P4: Sources of Finance There are two main ways that a business can access financial resources: From within the business (internal source) Can be from the business owner’s savings or from profits From outside the business (external source) There are a number of external sources that can be used to fund a business: Banks/building societies Hire Purchase Leasing Venture Capitalist Factoring Share issues Friends/family
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P3 - tesco organisational structure Tesco has a hierarchical structure. Large‚ complex organisations often require a taller hierarchy. The adavantages of this structure is : advantages Workers in Tesco will know exactly what they have to do so they don’t wait around until they are told. close supervision of employees. obvious lines of responsibility and control clear promotion structure disadvantages Communication begins to take too long to travel through all the levels. These communication
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but it can also be electronic using a word processor on a computer‚ but it can also be hand written but it has to always be sent by post or non electronically. -When a business sends a letter the letter can be kept as evidence if needed unless the recipient throws it out. -When a business sends a letter it can make the business seem more professional that and e-mail might not. -A letter can be sent anywhere in the world and to anyone that needs to read it. -It can contain detailed information
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exceed business objectives and raising the customer’s expectation and experience. The manager is in charge of motivating employees and always making sure they are providing consumers with the best of service. Without a manager the employees in Carphone warehouse will be confused and less determined to provide great service to the customers. The manager has a say of the aims and objectives of business. This influences the business financially and affects the reputation of the business. Without
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Unit 1 - The Information Age Contents Introduction 1. Introduce yourself… My name is… A student at…‚ who is studying… 2. Purpose of this unit The purpose of this unit is to produce an Eportfolio (eBook / ePresentation) what will be used for a time capsule. The intensions is to educate and provide an insight to a generation (audience) 100 years from now‚ about what ICT technologies were available and how they were utilised… 3. Technologies currently used and what is the purpose
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P3/P4 PLC Eddie Stobart The Eddie Stobart business is unpinned by the company brand‚ people and systems. This is their strategy to keep the business running successful for the next 3 years. The purpose of this strategy is to increase the sea‚ rail and air sectors. Strategic Planning Starting new partnerships with customers to further efficiencies. To take the opportunities‚ as the economy comes out of recession‚ building on our key competitive advantages‚ such as load utilisation and combining our
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computers for business department or unit and other service is automatic requisition and processing order if user has to buy a computer. It also uses electronic procurement tools which is designed their procurement model which is shared with business partners like British Airways‚ the main aspect of this model is electronic tendering for bidding. It uses electronic tendering when buying components for their products. Dell uses e-collaboration for shipment of products and business partners are UPS
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P4 Describe‚ with examples‚ the impact of government policies on different public services P5 Identify how society is affected by government policies In the UK‚ policies are in place in order to protect us and help enforce diversity and equality. Sometimes they are not always positively impacted on our society and public services; they can be negative as well. In this assignment‚ I will cover both the impacts of government policies on the public services and how society is affected. Human Rights
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TASK 4 For the business owner‚ the risks must be known and a strategy on how risks will be managed needs to be in place. 4.1 IDENTIFICATION OF RISKS • Strategic risks The risks of having other competitors entering the same market in a short time is high since the capital required is low and no stocks are required. • Compliance risks Laws are constantly changing and new regulations are always emerging which could: • Hinder or change the operations • Increase the costs of overheads • Financial
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