Abstract Any business involves people and resources either to produce items or goods to be sold‚ or provide services to be sold (BPP‚ 2010). Through learning‚ researches and activities‚ it is clear that different organizations response to their business environment in a unique different way. The competitive market leads to structure such as oligopoly where many buyers and sellers involve in trade of similar products making average profit. The non-competitive market structures leads to monopoly with
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LEVEL 3 MANAGEMENT- WORK BASED ASSIGNMENT- THELMA CLUTSON EFFECTIVE MEETINGS FOR MANAGERS TASK This task requires me to explain how I would prepare for‚ manage and contribute to a meeting. • PURPOSE OF THE AGENDA An agenda is a list of topics rather like a framework that are to be discussed at a meeting‚ this helps the meeting to flow properly and means that the attendees cannot divert off at a tangent onto other topics. It gives the meeting a structure. The agenda should be concise;
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1.1 Explain why different communication methods are used in the business environment. Different communication methods succeed in putting across the right message in a clear‚ unambiguous way that gets noticed by the target audience‚ whilst also saving on time and cost. Two main types of communica- -tion methods used- verbal and written. The best medium will be chosen according to the situation. For example: face to face or telephone methods will be used if any wards need delivery of some equipment
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2008MBA035 ECONOMIC ENVIROMENT OF BUSINESS 1 TERM PAPER QUESTION Notwithstanding the public policy response to the economic recession‚ business performance will continue to deteriorate. Global Overview Recession can be defined as the reduction of a country’s gross domestic product (GDP) for at least two quarters. According to Wikipedia‚ it is a period of reduced economic activity‚ hence‚ a business cycle contraction. Recession has many attributes that can occur simultaneously
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Dell’s Business Environment Breena Stevens MANAGEMENT/521 October 01‚ 2012 Holly Hitzemann Businesses have to compete against other organizations and an effective way to analyze a business financial status is by completing a business analysis. Investors have to review reports to determine the company’s financial health. Business analysis consists of gathering financial data‚ trend analysis‚ business strategies‚ and market research. Essential to gather the financial data to compare when
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UNIT 203:Work in a business Enviornment. 203.1:Understand how to respect other people at work. 1.1 Describe what is meant by diversity and why it should be valued? It is about valuing variety and individual differences and creating a culture‚ environment and practices which respect and value differences for the benefit of society‚ organisations and individuals. A diverse workforce is important because the organisation can offer a wider range of resources‚ skills‚ ideas and energy to the business
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Unit Name | Business Environment | | | Unit No | 1 | Staff Name | Y.Price | Student Name | Darren Griffiths | | | Hand out Date | Sept 2010 | Hand in Date | 6 p.m.11 Oct 2010 | Late Submission | | | | Date agreed | | Staff Signature | YPrice | Assignment 1 Assessment criteria to be assessed:- LO1 -1.1 Identify the purposes of different types of organisation1.2 Describe the extent to which an organisation meets the objectives of different stakeholders.1.3 Explain the responsibilities
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Managing Own Performance in A Business Environment Unit 1 1.1) 1.2) The purpose of planning work and being accountable to others for own work is being organised. 1.3) The purpose and benefits of agreeing realistic targets for work is making sure you have enough time to accomplish the targets in order for the targets to become obtainable in all areas. 1.4) Agreeing to realistic targets is setting goals and pushing towards accomplishing the goals with a time limit‚ in
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ROLE OF COMMUNICATION IN BUSINESS The term business communication is used for all messages that we send and receive for official purpose like running a business‚ managing an organization‚ conducting the formal affairs of a voluntary organization and so on. Business communication is marked by formality as against personal and social communication. The success of any business to a large extent depends on efficient and effective communication. It takes place among business entities‚ in market and
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Meetings come in all shapes and sizes. There are the everyday office meetings‚ board meetings‚ seminars -- all the way up to major conferences. And meetings can now be face-to-face‚ teleconference‚ videoconference‚ or online via the Internet. And when is the last time you heard someone say‚ "Gee‚ we need to have more meetings." There are more than enough meetings to go around these days‚ and for a good reason. Meetings are more important than ever. Modern workplaces are built on teams‚ sharing of
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