Unit 1 Business Environment Assessment Activity Front Sheet This front sheet must be completed by the learner (where appropriate) and included with the work submitted for assessment. Learner Name Date Issued Hand in Date Assessor Name Submitted on Qualification Level 4 Edexcel BTEC Higher National in Business (QCF) Unit 1 Business Environment – 15 credits Assignment 1 will give learners the opportunity to achieve: Learning Outcome 1 – understand the organisational purposes of businesses Learning
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the Majestic‚ which sells for $1‚200. The production cost per unit for each model in 2012 is shown on the next page. | |Royale |Majestic | |Direct Materials |$ 700 |$420 | |Direct labor ($20 per hour) |100 |80 | |Manufacturing Overhead ($40 per DLH)
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500 v. Production cost per unit can be reduced by (a). producing more with increased inputs. (b). producing more with same inputs. (c). eliminating idle time. (d). minimizing resource waste. 4. State the benefits of improvement in productivity to various stakeholders associated with a business entity. Ans. Productivity refers to the physical relation between the quality produced (output) and the quantity of resource used in the course of production (input) Productivity
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INTRODUCTION British Airways is one of the fastest growing airlines in the world. It has grown by its own leadership qualities and unique culture. Bob Ayling‚ Chief Executive implemented changes in the organization without getting support from its employees. He thought a change is necessary‚ even when BA was making record profit‚ because in the long run some decision has to be made. On one side he tried to raise staff morale by reinventing training programmes and by building a hotel at Heathrow
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Organizational Development and Change Management Change is inevitable and has become a way of life. To be able to adapt to the changes is the biggest challenge of organizations to-day‚ not only to survive but also to ensure its growth and help to remain relevant in the changing times. “Organization Development is response to change‚ a complex educational strategy intended to change the beliefs‚ attitudes
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What operational changes would you recommend to Wally to improve performance? Improving lead times In order to reduce lead times‚ Obermeyer can persuade retailers to place orders ahead of time by gathering sales at an earlier time of the year‚ allowing the company to satisfy these orders. Additionally‚ they can purchase greige fabric by Obersport ahead of time in order to decrease the lead times of acquiring fabrics during high demand. They can also look into manufacturing options closer to Hong
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Change management. Building on the analysis of a problem in your organisation (used in assignment 1)‚ analyse what changes are needed. What processes will you use to implement changes? The issue I discussed in assignment 1 involved the implementation of a project that‚ although the clear aim was never articulated‚ could be assumed to be an attempt to streamline the operational processes.1 Solutions to this problem were multifaceted‚ …………clear goals‚ communication However creating a structure
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A&A Toy Manufacturing Company Introduction Observed that the flow of information and logistics management between the client A&A Toy Manufacturing Company and its partners are not yet optimal‚ it is decided to recommend some information software to the client. As the company still adopting manual accounting system‚ it caused messy collection of financial and accounting data and human errors. The above problems would be burdens that affect managers’ decision making. In the hope of solving
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Why did the managers at the two organizations have different ethical stances towards their customers? (Hint go to J&J’s website and look at its Code of Ethics)? The key reason of two organizations having different ethical stances towards their customers appears to be that J&J’s managers believed in their company’s ethical values‚ so that when confronted with an ethical dilemma as in 1982‚ they consistently followed the credo’s rules when making business decisions. Johnson & Johnson moved
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CURRENT AFFAIRS-FEB 2012 MICA-MARCH NEWS AND EVENT— MARCH B.SC- MARCH PD -MARCH WEEKLY G.K. For (15 FEB-15 MARCH) PD-MARCH-2013 NATION India Opts out of WTO talks in Three Sectors: India has decided to opt out of negotiations for agreements between select WTO (World Trade Organisation) member countries for liberalising foreign direct investment and visa regimes in service sectors and for lowering import duty on 357 information technology products
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