M2(Unit 37) - Assess the social implications of business ethics facing a selected business in its different areas of activity Environment- the environment can affect the human activity. So for example; global warming which is the warming of the planet’s surface that is caused by carbon dioxide. In order to run a business efficiently they would need to make sure that their customers are aware of all the environmentally friendly activities that they do and that they are not harming the environment
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addition I have done numerous jobs where I was in charge of the finance such as bartending where I was working under pressure where I had to manage money (coins and paper) whilst serving and remembering orders‚ also I had achieved double merit at level 2 in business studies where many of the units consisted of finance content. | Be able Work as a member of a team | I possess
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Research Information Understand Procedures for Researching Information 1.1 Give Reasons for agreeing Objectives and deadlines for researching information Agreeing objectives is essential for a team or individual to know what they are focusing on to avoid wasting resources and time. Knowing the How‚ What‚ When and Why of an assignment will mean being able to complete the task in a timely manner and correctly. Deadlines strongly affect what you research e.g. World news is being update by the hour
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Power has the potential to change the way we behave and the pattern in which we think. Especially found in leaders‚ positions of power allow for one person to represent a collection of people‚ ideas‚ or beliefs. In some cases power is the tool that leaders need to push their group to thrive‚ yet in others it is the poison that consumes leaders and causes the led group to crumble. The difference lies in morals‚ ethics‚ and standards. Power must be balanced by a set of moral and ethical standards that
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Four Meetings Analysis In stark contrast to Dickens’‚ Henry James writing style captures not the imagination of the reader inasmuch as the reader’s own personal experiences and reality. It is this reality that James makes use of in order to draw in the reader. This writing style can best be depicted as literary literalism. His fine grasp of the human mind allows him to explore the psyche of his characters in a deep and profound way. The vivid descriptions he paints are not brought to life so much
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way in which at least two organisations of your choice apply the marketing mix (7P’s) to the marketing planning process to achieve business objectives. • Definition of Marketing Mix The Chattered Institute of Marketing defines the marketing mix. “The combination of marketing inputs that affect customer motivation and behaviour these inputs traditionally encompass four controllable variables ‘the 4 Ps”: product‚ price‚ promotion‚ and place. The list has been extended to 7 Ps‚ the additions being
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Unit one: Principles of personal responsibilities and working 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
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Strategy may operate at different levels of an organization -corporate level‚ business level‚ and functional level. Corporate Level Strategy Corporate level strategy occupies the highest level of strategic decision-making and covers actions dealing with the objective of the firm‚ acquisition and allocation of resources and coordination of strategies of various SBUs for optimal performance. Top management of the organization makes such decisions. The nature of strategic decisions tends to be value-oriented
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POWER: A capacity that A has to influence the behaviour of B so that B acts in accordance with A’s wishes. DEPENDENCY: B’s relationship to A when A possesses something that B requires. BASES OF POWER: Formal Power: Is established by an individual’s position in an organisation; conveys the ability to coerce or reward‚ from formal authority‚ or from control of information 1. Coercive Power • A power base dependent on fear 2. Reward Power • Compliance achieved based on the ability to distribute
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company for business purposes as they rely on them to keep the demand coming in for supplies. Owners: An owner might be a sole trader or a partnership but it a company‚ the owner will be the shareholders. They are often thought as the most superior stakeholders as they could possibly have put a fraction of their life into setting up the business. They look at themselves as being major risk takers and they like to see share of profit frequently increasing and the value of their business also rising
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