MODULE: BUSINESS ENVIRONMENT LEARNING OUTCOME ONE | ASSESSMENT CRITERIA | Understand theorganisational purposes ofbusinesses | 1.1 identify the purposes of different types of organisation1.2 describe the extent to which an organisation meets the objectives of different stakeholders1.3 explain the responsibilities of an organisation and strategies employed to meet them | What is a business? It is a system whose performance is influenced by a whole range of phenomena in its environment. It is
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enterprises. This report is to explore the internal and external environment in relation to the Apple. In addiction this report will offer logical recommendations on managing the external environment relevant to the Apple. The Scope of this report is the internal and external environment in relation to the Apple. Furthermore‚ the background information will be the internal and external environment have varied
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Understanding the Business Environment Part A (100w) Company Name: Coca Cola Description: The Coca-Cola Company is the world ’s largest beverage company and is the leading producer and marketer of soft drinks. Today‚ Coca-Cola is consumed throughout the world at the rate of more than 600 million times per day and this figure is continuing to rise. However‚ Coca-Cola is not the sort of company to live on its past glories; instead it looks to the future as a challenge and constantly seeks new
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Atomic radius affects the reactivity of an atom‚ as the bigger it is the bonds become weaker. As electrons are further away from the nucleus‚ the attraction between it (negative and positive forces) are not as strong‚ where electrons are able to move easily. A smaller atomic radius has a stronger bond between electrons and nucleus making it harder for other atoms to get it’s electrons. The
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As a business owner‚ and manager the need for a way to manage our information is essential. The ability to handle the overwhelming amount of data and information that goes through a company every day could be a key factor in whether a business fails or succeeds. (Ebert & Griffin 2005) The system in which we collect and use this information is called an Information System (IS). An IS is used in financial accounting‚ managerial accounting‚ by laborers‚ and executives. In my basket shop‚ an Information
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satisfy individual and organization goals”. Philip Kotlerinterprets that marketing is ’satisfying needs and wants through an exchange process the common interest in all three definitions is fulfilling customer needs and providing benefits The small business enterprise that I have chosen to discuss is called ‘Hair Today ‘this is a professional hair salon that is situated in the heart of Kentish town for over 30 years. Hair today has a total of 20 employees‚ including hairstylists‚ hair washers and administration
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Internal Planning Factors Planning Factors These are the factors that relate to what is already happening inside the business. This includes how the organisation is changing to cope with new methods of working or new demands made on it‚ such as the introduction of technology or new products or services. It is also a way of considering the new skills that will be needed in the future and those that the existing staffs already have. The gap between the skills already present and those that are needed
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indivivals who have interest to BA operations are BA’s stakeholders‚ or any individuals whose action can affect BA’s operation can be stakeholders of British Airways. Stake holder can be either internal or external. Internal stakeholders: are those who are involved with business internally for example owners‚ shareholders‚ managers and employees. External Stakeholders: are those who are involved in business externally for example customers‚ suppliers‚ local community and government. Owner: Since BA
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Communication in Business Environment Introduction We all know the importance of communication in our daily lives. Nothing can take place without some method of communication being used to express ourselves for whatever purpose. Communication is even more valuable in a business environment as there are several parties involved. Various stakeholders‚ whether they are customers‚ employees or the media‚ are always sending important information to each other at all times. We are therefore constantly
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Analysis of Internal Environment of Digi Berhad 5.1 McKinsey’s 7s Model Digi’s strengths and weaknesses can be identified by looking at their internal environment. McKinsey’s 7s model is one of the most significant analysis can be used as a tool to analyze the internal environment of Digi. This model compresses seven main elements which includes strategy‚ structure‚ systems‚ shared values‚ skills‚ style and staff. a) Shared Value Shared value which basically what the organization
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