Unit 1 - Assignment 3 Outcomes Task 1 & 2 Pass - Describe the influence of two contrasting economic environments on business activities within a selected organisation Task 3 Merit - Analyse the impact of changes in demand and supply on a selected business Distinction - Evaluate to what extent a selected business is likely to be affected by changes in the economic environment The managing director of Spangles Ltd was looking at some UK economic forecasts which had been given to him.
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to define and discuss the role and importance of stakeholders in an organization and their ability to influence the performance of the organization. Answer In general‚ a stakeholder can be one of two types: internal (within an organization) or external (outside of an organization). They can affect the firm’s vision and mission‚ are affected by the strategic outcomes achieved‚ and have enforceable claims on the firm’s performance. A stakeholder is typically concerned on the organisation’s results
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Counselling Helps the client to explore his difficulties and see more clearly‚ facilitating to see the problem from a different point of view/perspective. Non judgemental. Based in confidence‚ takes place in a proper environment. Requires listening skills and does not give any answer‚ helps the client to find his proper answer and have regular sessions including time limit. Confidential but has its limitations due some procedures that have to be taken care. Normally at the first session a contract
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P1 Why is it important to keep accurate financial records? Financial records tell you how much income your business is generating and how it’s being spent on things like overheads and products etc. You can then create a profit and loss balance sheet‚ this is important so that your financial advisor can then tell you what is going good or what is going bad and from that he can direct you on what to do. If a business doesn’t keep it right with the bill then they cou8ld end up in trouble with the
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“Financial management should include not only a concern for profit maximization but also for maximization of societal value.” The stakeholder theory defines the main objective of each and every organization. It is to be able to maximize the wealth of the firm by increasing its stock price. By defining the wealth of the firm‚ it is also defining the stockholder who own shares of the company. The parallelism of the stock price’s value and the stockholder can be seen in this theory. As the stock price
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appreciate the benefits and risks to businesses of a network. www.ocr.org.uk 2 Computer Networks Level 3 Unit 7 ASSESSMENT AND GRADING CRITERIA Learning Outcome (LO) Pass 1 Know types of network systems and protocols P1 describe the types of networks available and how they relate to particular network standards and protocols Merit The assessment criteria are To achieve a merit the the pass requirements for evidence must show that‚ this unit. in
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P2: Discuss theories of communication. Part A The communication cycle is a commonly used theory of communication. It was first developed by Charles Berner in 1965; it was then modified by Michael Argyle‚ who was a social psychologist‚ in 1972. The concept of a ‘communication cycle’ makes it clear that‚ in order to have effective communication‚ it must be a two way process. As well as transferring messages to others in a definite‚ clear way‚ health care professionals must be able to respond to the
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Public Health - Unit 12 - Petra P1 Public health is "the science and art of preventing disease‚ prolonging life and promoting health through the organized efforts and informed choices of society‚ organizations‚ public and private‚ communities and individuals" (1920‚ C.E.A. Winslow). This therefore infers public health is the preventing and controlling of disease within communities‚ to prolong life and promote health through organised society. The keys aspects of public health … -Monitoring the
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Like Oxfam‚ ASOS claims to have four main stakeholders. The first of which is their suppliers. A supplier looks for long term contracts and prompt payment. If the suppliers are unhappy with their contracts then this may lead the quality and product availability to decrease. The suppliers will influence ASOS to make prompt payments in order to keep their contract. The second main stakeholder for ASOS would be their customers. The customers look for good quality products at a good value. In addition
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Major Stakeholder Analysis Organizational Leaders Jay Alvather‚ President of TEKsystems‚ joined the staffing industry in 1995 and has held a number of leadership positions across the parent company Allegis Group. Previously‚ Alvather served as Chief Operations Officer (COO) at Allegis Group as well as Chief Financial Officer (CFO) and VP of Organizational Development for TEKsystems. Additionally‚ Alvather’s current focus is on ensuring that TEKsystems continues to provide superior IT talent and services
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