LECTURE 3 Business Environment LEARNING OUTCOME OF LECTURE 3 & 4: * Investigate the economic‚ social and global environment in which organisations operate CONTENTS (Lecture 3): Resource issues and types of economic system: basic economic problem‚ effective use of Resources; type of economic systems — command‚ free enterprise‚ mixed‚ including transitional economies‚ public and private sector initiatives; private finance initiatives. Business Environment : We can divide the types
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What are the advantages and disadvantages of the new pub compared to the old pub? Does the new location take advantage of the opportunities? The Old Pub ADV: The Pub formulized tradition and for students it was a nostalgic place‚ so people would come there out of their memories. It was a place where they felt comfortable VIP membership with benefits. They would not pay for entrance at special events. They had drink tickets for a free glass of mixed hard liquor Maximum capacity was 175
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Unit 203 Unit 203- work in a business environment 1.1 describe what is meant by diversity and why it should be valued Diversity can be differences in race‚ heritage‚ customs‚ belief systems‚ physical appearance‚ mental capabilities; etc Diversity should be respected and valued because nobody is completely the same as anyone else‚ even within the categories above. People tend to reject what is different. We must value our diversity in order to work together. 1.2 describe how to treat
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Unit 2: People in business Supervisor – is a higher hierarchical level than the customer or sales assistant. They provide support for the manager by leading a small team within the business as instructed by the store manager. The supervisor has to make sure that the team achieve the targets set for it by the manager. Duties Coordinating and planning staff activities to make sure that all jobs are being carried out so that sales targets are met. Supervising the work of the team members. Dealing
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TOPIC 1: THE INTERNATIONAL FINANCE ENVIRONMENT 1.1 AIM OF THE TOPIC This topic focuses on the context within which the financial managers of MNCs make their decisions. The discussions focus on key terminology‚ instruments and institutions that are central to such decision making. 1.2 CONTENTS OF THE TOPIC Study Unit 1: Overview of multinational financial management Study Unit 2: International flow of funds and balance of payments Study Unit 3: International financial markets Study Unit 4: Exchange
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Unit 1 Assignment 1: Identification‚ Authentication‚ and Authorization Techniques A = Assigned to the user F = Needed for primary function T = Temporary N = Never BP = By Position Assigned RO = Read Only Segregation of Duties Matrix (System User–Rights and Permissions) Department Jennifer Buster Bradley Lloyd LuEllen Robert Spare Sam Receiving A A A A A A A A Shipping A A A A A A A A Sales A A A A A A A A Accounts Payable A A A A A A A A Segregation of Duties Matrix (System
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external environment of business and in each case explain five components of the environment. The term business‚ in economic sense means human activities which are performed with the objectives of earning profits. Human activity for earning profit may be in the form of production‚ extraction or purchase of goods for sale. It is expected of business to provide goods and services to the society in an effective manner. Thus‚ in today’s competitive environment‚ survival of business unit is not possible
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Unit one: Principles of personal responsibilities and working in a business environment Assessment Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible‚ use an example contract to support your answer (feel free to obscure any confidential information). Duties & Responsibilities‚ Sick Leave‚ Confidentiality‚ Disciplinary Procedures. 2a) List three key points of legislation
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BTEC Level 3 Diploma in Business Unit # 01: The Business Environment Learner Name Learner ID BTEC Registration No : Activity Date Issued Completion Date Submitted on Report Writing Assignment Reference L3 Unit 01 Assignment 01‚ Learning Outcome 1 & 2 This brief has been verified as being fit for purposes Assessor Signature Date Internal Verifier Signature Date Assignment 01‚ Learning Outcome 1 & 2 Assignment Title Business environment of two different organisations
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Learning Outcomes Analyze business environments in terms of transformation systems and internal and external environments Identify the most relevant elements of the business environments using PESTLE analysis and Porter’s five forces model Discuss the classical‚ human relations and systems approaches to organizations Describe and compare the various structures that may be used within organizations. The business as a transformation system Transformation Process: Businesses utilize the inputs
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