Managing Own Performance in A Business Environment Unit 1 1.1) 1.2) The purpose of planning work and being accountable to others for own work is being organised. 1.3) The purpose and benefits of agreeing realistic targets for work is making sure you have enough time to accomplish the targets in order for the targets to become obtainable in all areas. 1.4) Agreeing to realistic targets is setting goals and pushing towards accomplishing the goals with a time limit‚ in
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Unit four: Principles of supporting change in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document‚ either onto your computer or a disk • Then work through your Assessment‚ remembering to save your work regularly • When you’ve finished‚ print out a copy to keep for reference • Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area
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The external environment is the "external context within which an organisation exists and operates."1 One of the ways in which the external environment can be analysed is by assessing the impact of politics‚ the economy‚ social factors and technological factors (P.E.S.T. analysis). The organisations are affected either generally or immediately by the external environment. The immediate factors‚ also referred to as the operational environment‚ include aspects such as suppliers‚ financial institutions
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improvement is systematic approach to making things better. Ironically‚ though‚ while many people do this in their personal life‚ continuous improvement needs to be managed in order to improvement needs to manage in order to flourish in the work environment. Continuous improvement is a ‘programmed‚ and an almost unbroken‚ flow of improvement realized under
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visitors/customers in a business environment‚ you have those first few seconds to create a good impression that will have a long lasting impact. Visitors come into a business environment for various reasons; they could be customers‚ representatives‚ suppliers‚ business partners‚ people from different departments / areas / organizations. The first point of contact of a visitor depends on the structure of the organization. An office environment or an industrial environment is likely to have a reception
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Political Tesco has to pay corporation tax which comes out of the revenue as a cost which lowers the overall profits which the business receives this will affect them expanding/growing the business even more by maximise profits and having lots of retained profits to help keep the business expanding/growing. Tesco can be affected heavily by taxation from corporate tax‚ environmental tax‚ and even value added tax even though value added tax is put on top of
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supporting change in a business environment Section 1 – Understand why change happens in a business environment 1. Explain why change happens in a business environment. You should include at least three reasons in your answer. Reasons for change in a business environment may include: internal factors • A business wants to reduce waste and costs • A business launches a new product • A business introduces 24-hour customer support • A business introduces quality management
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Organisational Behaviour---Importance in business of Values Introduction The term of values can be defined in a great many of ways from different perspectives. Generally speaking‚ it refers to “basic convictions that a specific mode of conduct or end-state of existence is personally or socially preferable to an opposite mode of conduct” (Jihong Zhao‚ Ni He‚ Nicholas P. Lovrich‚ 1998). Over the years‚ people have been well aware that the strong power and influences exerted by the values are pervasive
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CU685 Produce Documents in a Business Environment 1 Understand the purpose of producing high quality and attractive documents in a business environment 1.1 Outline different types of documents that may be produced and the different styles that could be used A document is information produced in either printed or electronic format and may be one of many types such as: - • Letter - A formal form of communication and record consisting of a standard structured format and should include the
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economic environment could have an effect on them. The economic environment is basically all the economic factors brought together. By saying economic factors‚ I mean aspects such as; employment‚ inflation‚ interest rates‚ productivity and wealth. All of these elements mentioned above have an influence on the buying behaviour of consumers and organisations. P1 In terms of economic variations for marks and spencer‚ the best way to explain the effect it would have on them is by using the business cycle
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