MODULE -3 Business Around Us Notes 3 BUSINESS ENVIRONMENT nderstanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because‚ the environmental factors influence almost every aspect of business‚ be it its nature‚ its location‚ the prices of products‚ the distribution system‚ or the personnel policies. Hence it is important to learn about the various components of the business environment‚ which consists of the economic
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ASSESSMENT FRONT SHEET LONDON SCHOOL OF COMMMERCE AND IT Programme: BTEC Higher National Diploma (HND) in Business Unit Number and Title: 01 and Business Environment Unit Code-: Y/601/0546 Credit Value: 15 QCF Level: 4 Module Tutor: Bhupinder Singh Email: Bhupinder27@gmail.com Date Set: SCOPE OF THE COURSEWORK Learning outcomes and criteria covered by this assignment: • All pass criteria (P1-P12) • All merit descriptors (M1-M3) • All distinction descriptors
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How cultural environment impacts the marketing Culture Culture as described by Herks‚ M. cited by Rai University (n.d) “culture may be viewed as the sum total of man’s knowledge‚ beliefs‚ arts‚ morals‚ loves‚ customs and any other capabilities and habits acquired by man as a member of society”. It is the totality way of life for a man. The other definition by Hofstede (1980) cited by Jones‚ D. & McCarthy‚ J. (2004) states that “culture as the collective programming of the mind which distinguished
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of Organizational Behaviour (OB) is very interesting and challenging too. It isrelated to individuals‚ group of people working together in teams. The study becomes morechallenging when situational factors interact. The study of organizational behaviour re-lates to the expected behaviour of an individual in the organization. No two individualsare likely to behave in the same manner in a particular work situation. It is the predict-ability of a manager about the expected behaviour of an individual.
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November 2010 how popular culture shapes us and the environment The term popular culture‚ or pop culture‚ often refers to the ideas‚ values and goods that arise from mass media. This mass media includes books‚ magazines‚ movies‚ and television. In American popular culture two themes are prevalent: a materialistic one and a simplistic one. The materialistic one‚ that is popular in times of prosperity‚ stresses that happiness comes out of material goods‚ while the simplistic one says that happiness
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organizational goals. So‚ there are a few types of motivation theories that concern about the employee need and wants. The theories are really important to the organisation as it can fulfil the employee need. Therefore‚ each company has motivation theories on their company to achieve business goals. From the Business Essentials (Organisations and Behaviour) books Herzberg’s theory can define as Herzberg’s theory explains the satisfaction or employee requirements often vary according to two main factors emphasized
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select a business organisation based in UK and iddentify the type of this particular organisation and its purpose‚including its vision and mission.based on your selected organisation.(please select NEXT Plc) a)carry out a stakeholder analysis of this organisation.describe the extent to which this organization can meet the objectives of different stakeholders. b)explain the various responsibilities of this organisation and strategies which can be employed to meet those responsibilities c)describe
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* Business Environment Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. The environmental factors influence almost every aspect of business such as‚ its nature‚ its location‚ prices of products‚ the distribution system‚ or the personnel policies. It is important to learn about the various components of the business environment‚ which consists of the economic aspect‚ the socio-cultural aspects‚ the political
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Introduction Organisations have a variety of purposes that depend on why they were established. The majority operates for profits others‚ just for improve quality life of the community. Businesses operate in an environment shaped by the consumers‚ the Government‚ suppliers and International factors. It’s my job now explain and understand how organisations shaped with the environmental factors and determine strategies and a modus operandi that allow them to meet their organizational purposes.
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[pic] |UNIT |Unit 4 – Business Environment |Course |HNC-Business | |Author |VERIFIER |Mr. | |HAND OUT DATE | |SUBMISSION DATE | | |STUDENT | |TERM
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