research will be based on a variety of social‚ economic‚ and political factors. The first factors based on my research that will be discussed are the social factors that take place in Sierra Leone. As a result of high population growth and a deadly civil war that ended in the year 2002‚ poverty still remains widespread throughout the country. This information is important because the severe economic that went with civil war and social unrest destroyed the social and physical base of this country
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LO2 Understand how businesses are organised to achieve their purposes LO3 Know the impact of the economic environment on businesses LO4 Know how political‚ legal and social factors impact on business. Scenario: You work as a junior journalist for a newspaper which is planning to run a feature article on UK businesses. You have been asked to produce an article on two contrasting businesses covering purpose‚ ownership‚ organisational structure‚ strategic planning and how businesses interact
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To Organisation Organisation is one important element of the management process. It is next to planning. In management‚ organisation is both the process as well as the end-product of that process which is referred to as organisation structure. Such structure acts as the foundation on which the whole super-structure of management is built. Sound organisation structure is essential for the conduct of business activities in an efficient manner. It is within the framework of the organisation that
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Legal and Ethical Issues in Business Unit 1 Individual Project In order for a business to succeed into the future growth is needed. The success of this company is not in the amount of products we make but the amount of customers we gain. In order for us to ensure our customers continue to do business with us we need to provide a product that holds quality as well as the company name. With this being said there are a few products that could potentially be defective and should be recalled prior
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Ivory Lenson The Legal and Ethical Environment of Business MGM365-0904B-07 Phase 3 Discussion Board 1 CTU Online Professor Darlene Pomponio December 26‚ 2009 A business has the responsibility of operating with the people in an ethical way or the way that they want to be treated. I think that the business world has the temptation to not treat others fair. The Federal Communications Commission (FCC) is an independent US government agency‚ directly responsible to Congress‚ and regulates interstate
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Support for leisure activities Identify different activities that may be regarded as leisure activities Walking – Outdoor activity of moderate exercises around a park or to sight. Swimming – No impact activity‚ condition friendly exercise in a pool facility Gym – A low intensity activity that allows individuals to improve specific condition and reach personal goals. Sports such as badminton‚ basketball etc… - Social physical activity Dancing – Social Physical Activity Classes such as Zumba
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BTEC Edexcel Unit Number and Title: 01- Business Environment Unit Level: QCF Level 5 Module Tutor: Mehfuzul Haque Email: mhaque1902@hotmail.com Date Set: 21/09/2013 Key dates Distribution date: 03/10/2013 Submission date: December 2013 Return date: 4 weeks after submission Introduction The aim of this unit is to provide learners with an understanding of different organisations‚ the influence of stakeholders and the relationship between businesses and
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Stakeholder Analysis The purpose of stakeholder analysis is to inform the project manager and sponsor who should contribute to the project‚ where barriers might be‚ and the actions that need to be taken prior to detailed project planning. – to rectify these risks/attitudes?? Stakeholder Their interest or requirement from the project What the project needs from them Perceived attitudes and/or risks Actions to take Doral Mining Industries (company itself) Doral Mining
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Stakeholders are individuals or groups that have some claim on the company. They can be divided into internal claimants and external claimants. Internal claimants are stockholders and employees including executive officers and board member while external claimants are all other individuals and groups affected by the company’s actions. Typically‚ they comprise of customers‚ suppliers‚ governments‚ unions‚ competitors‚ local communities and the general public. Stakeholders can influence the organisations
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LEGAL AND ETHICAL ENVIRONMENT OF BUSINESS August 13th‚ 2012 LAW / ECONOMIC / ETHICAL WHERE THE LAW COMES FROM? • Maintain your property LAW • Rules related to the allocation of scarce resources WHAT DO WE WANT? • Earth at night • Predictability – Certainty – commerce loves certainty o Stable governments equal strong economy o Bank accounts‚ brokerage accounts‚ land titles o Property the governmentally supported right to exclude o Predictable sanctions for wrongful acts o Democracy
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