|Edexcel BTEC HNC/HND Business Management | |Unit Title: |Unit 1 |Date Issued | |Business Environment | |Week beginning 11/02/13 | |Student Name |Student ID |Due Date – 03/06/13 | |Lecturers Name:
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Business Environment Section 1 A1) The major achievements of China’s Huawei Technologies in the areas of its specialization are that they won the contract to build Norway a fourth generation (4G) mobile network‚ the deal was the largest so far for the new LTE technology in Europe making it a milestone for Huawei. The report by research firm Ovum found Huawei was the undisputed leader in the telecom optical equipment market. Huawei and fellow Chinese firm ZTE‚ it said‚ are the only two vendors to
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Introduction Business Environment included the actors and forces outside the organization that influence management’s stability to develop and maintain successful transactions with its target customers and stakeholders. The objective is to establish the importance of analyzing the types of environmental forces. The environmental forces are political-legal forces‚ economic forces‚ socio-cultural forces and technological forces. In other words‚ these forces (PEST) strongly affect the way of business is conducted
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External and Internal Environmental Analysis Big 5 Sporting Goods (Big 5) has operated within the sporting goods industry‚ predominantly in the western United States‚ for over 50 years (Hoovers‚ 2013). To understand the organizational structure and strategic path chosen by Big 5‚ it is critical to analyze various factors found within its external and internal environments. Big 5’s external environment includes remote‚ industry‚ and operating factors whereas the internal environment includes human
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Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
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anyone that is interested in a business‚ whether it is a small business or a big business. Stakeholders are individuals‚ group or organisations that are affected by the action of the business. They include the following: Owners that are interested in how much profit the business makes Managers and employees who are concerned about their wages or their salaries. Customers who want the business to produce quality products at reasonable prices. Suppliers who want the business to continue to buy their
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Assignment On Business Environment Contents Introduction Business environment refers to the combination of external and internal factors influence the organization of the operating conditions. There are several factors of the customer and the business environment‚ such as suppliers‚ technology‚ law and government activity and the market‚ social and economic trends competitions and owner‚ is improved. Task 1: The Contextual Environment: 1. a Identify the
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Analysing the internal environment 1. Does the organisation have the human‚ informational‚ financial and supply resources appropriate for marketing? 2. What do trends in marketing results and organisational performance suggest about the effectiveness of previous plans and the content of future plans? 3. What goods and services are currently offered and how do they contribute to turnover and profits? 4. How do the organisation’s offerings provide value to customers – and is this value competitively
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L3 90 Credit Diploma in Business Unit 1 – The Business Environment Assignment Learning Outcomes – on completion of this unit you should; 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purpose 3. Know the impact of the economic environment on businesses 4. Know how political‚ legal and social factors impact on business Task 1 – Submission Date 27/09/2012 You are working as a business journalist for the Express
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Business Environment Lecture 1 Business & its Environment What is Business? Business is a way of dealing with the problem of scarcity Business involves the transformation of inputs into outputs to meet particular needs or wants of consumers Business is not just The Private Sector it is also The Public Sector and Societies have to choose the balance between the public and private sectors The Private Sector (Pg 7-11) Consists of all business in some form of private ownership COMPETITON
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