UNIT 1 ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment
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Unit 201 Outcome 1: Understand how to plan work and be accountable to others 1.1 Outline guidelines‚ procedures and codes of practice relevant to personal work? There are many guidelines‚ procedures and codes of practice in place which helps me to my job correctly and to a high standard in a professional manor. A procedure within my work place is making sure we report accidents at work in the accident book for health and safety reasons‚ understand where the fire exits are and the fire drill
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Task 3: Report on either Resources or Price and Non Price Marketing To be submitted via the Assessment 3 Dropbox on 11BEC Moodle by Friday 7th April at 5pm. Paper copies will also be accepted. This assessment has two parts: 1. Preparation and Research (Not assessed) A. Choose a producer. You are advised to check your choice of producer with the teacher to ensure it is suitable. B. Gather information about the production decisions of your chosen producer. It is expected that information
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that came to mind for this assignment was the BMW short films. The BMW short films were launched in 2002 as part of a large BMW marketing campaign. BMW‚ the “Ultimate Driving Machine” became the ultimate interactive marketing campaign through BMW Films. Traditionally‚ BMW had always supported the release of a new vehicle with an advertising campaign designed to reinforce the brand promise of delivering the world’s most exciting luxury cars. But in 2000‚ BMW had a window of opportunity when it could do
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Fenwick Marketing I : Professor Ian Fenwick | BMW Films Case Analysis | | | Chalit Borwonnauwarux D540010 | | | Executive summary BMW face though competition in US market after try to improve the situation by introduce number of new model to the core series‚ adjust pricing so it can compete‚ reorganize the dealer network and introduce new series of car to the market. Now we have a chance to focus on brand campaign call “BMW films” which is very successful campaign base
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till immediately this is one of the fastest ways of communication in a Tesco shop. The second way of communication in is meeting the also use them a lot because that’s one of the most important things in the business‚ they need to sit and discourse about what’s happening in the business what they need to do to make it better. The biggest and most important communication in Tesco is the verbal interaction with the customers. Written We see written information everywhere on a day to day base
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P2-Exlpain how to build cohesive teams that perform well. For a team to become successful they must progress through different stages of development. Business owners will try to build a cohesive team of employees that will imperative their success‚ teamwork is critical to a business; so many businesses will create team building exercises which will help the teams to build trust‚ ease conflict‚ increase collaboration and build effective communication. Building a cohesive team is important for the
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Questions 1. Apart from Kraft Foods itself‚ give two examples of other organisations that are likely to be involved in their Supply Chain (bringing goods to the final consumer). Kraft foods supply chain will include a company that does cheap but quality milk which will create Kraft’s products also the second supply chain will be a company that supply a large amount of salt which is also need for the products that Kraft creates. Packaging is also an essential for the Kraft’s company. 2. Why
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STRATEGIC MANAGEMENT COURSE NOTES Pearce II and Robinson Jr (1997) define strategic management as “the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives”. Critical tasks: Formulate the company’s mission including broad statements about its purpose‚ philosophy and goals Develop a company profile that reflects its internal conditions and capabilities Assess the company’s external environment‚ including both the
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Johnnie’s family farming Cannings fish factory. British Coal mining Plc. Esso petroleum The above examples of business are all involved in different types of activities in the primary sector Secondary sector The secondary sector includes all businesses that manufacture‚ process or assemble products. This sector also covers energy production and the construction
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