BTEC L3 Diploma/Ext. Dipl.-Business Unit 1 BUSINESS ENVIRONMENT ASSIGNMENT 1 External Factors Effecting Business Strategy prepared by: Raed F. Banna DATE: 18/NOV/2018 Contents Page 1- Introduction to business environment...........................................................
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COMPONENTS OF 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
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BTEC Higher National Diploma HND Business Unit # 01 Learner’s Name Learner’s ID Edexcel Registration No: Unit Title Business Environment Assignment Reference HND U1‚ LO 1‚ 2 Activity Presentation Activity Title Understand to draw up the constitution of a company and about shareholders‚ directors‚ charges and insolvency Date of Hand in Date of Submission Assessor Malik Abdul Naveed Internal Verifier for the Unit Mir Wajid Ali
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[pic] AEA Training Centre Perdreau Street‚ Port Louis Tel: 208-0294/0272 |Unit Title |Business Environment | |Unit Code |Y/601/0546 | |Assignment Number |1& 2
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BUSINESS ENVIRONMENT ASSIGNMENT-1 1. Discuss the concept of Corporate Social Responsibility with the help example of corporate Entity you know? Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms. Let me explain the Corporate Social Responsibilities
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Introduction Business Environment included the actors and forces outside the organization that influence management’s stability to develop and maintain successful transactions with its target customers and stakeholders. The objective is to establish the importance of analyzing the types of environmental forces. The environmental forces are political-legal forces‚ economic forces‚ socio-cultural forces and technological forces. In other words‚ these forces (PEST) strongly affect the way of business is conducted
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the extent of organization meets the objectives of its different stakeholders The stakeholders……………………………………………….………………………4 Who are the stakeholders……………………………….……………………………..5 Explain how the company will be managed so that it is seen to behave in a responsible way in relation to governance‚ finance‚ the environment and the wider society………………………………………………….………………………………5 Conclusion…………………………………..…………………………………………7 Reference………………………………………………………………………………8 IntrodutionThis report will talk about
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As explains that a marketing orientation is a particular form of business or corporate culture reflecting outward-looking management attitudes. Organized around a detailed knowledge of existing and prospective customers‚ outward looking means being highly responsive and proactive to the constantly changing dynamics of the business environment within which any organization operates. It is widely recognized at the start of the twenty-first century that the pace of change is accelerating around
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society‚ domestic and global competitive scenario (Chaiprasit and Swierczek‚ 2011). A business enterprise and the above mentioned factors have interrelated relationship. Both have significant influence on each other. This report is made to give the comprehensive understanding about the type’s factors which are the part of a company’s business environment. The whole report is made in the context of business environment of British Airways. In this report‚ the purpose of different types of organization
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the definition also encompasses creditors and external regulators. Why customers are important? Customers are the most important people for any organization. They are the resource upon which the success of the business depends. When thinking about the importance of customers it is useful to remember the following points: 1. Repeat business is the backbone of selling. It helps to provide revenue and certainty for the business. 2. Organizations are
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