Q1: (a) INTERNAL FACTORS AFFECTING BUSINESS ENVIRONMENT: Companies must endure economic recessions‚ competing businesses stealing their market share and dips in their stock price. However‚ these external factors are not the only problems businesses face. Companies must deal with internal factors as well. Internal issues can create just as many problems as external ones. Sometimes‚ the two types of factors are linked. Employees : The caliber‚ attitude and work ethic of a company’s employees are
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NOEL G. BUTAD‚ the Capricorn Man (December 22 to January 20) A knowledge of the characteristics of NOEL G. BUTAD will help you forge better bonds with‚ both on a personal as well as professional level. Understanding Noel’s behavior is hardly a rocket science. In fact‚ it is “easy”‚ provided you go through the traits that are mentioned in this article with keen comprehension‚ and once you get to know him well‚ you are bound to enjoy the relationship you share! Read on to know his personality traits
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Manage Own Performance in a Business Environment Learning Outcome 1: Understand How to Plan Work and be Accountable to Others 1.1 The purpose of planning my work is so that I can set a clear period of when things need to be started and completed by‚ this will help me prioritise my work and organise it on a day-to-day basis. The benefits: I would be able to see clearly what is left to do I will be able to avoid doing the work twice I can keep a clear record of what has already been done
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Managing Own Performance in A Business Environment Unit 1 1.1) 1.2) The purpose of planning work and being accountable to others for own work is being organised. 1.3) The purpose and benefits of agreeing realistic targets for work is making sure you have enough time to accomplish the targets in order for the targets to become obtainable in all areas. 1.4) Agreeing to realistic targets is setting goals and pushing towards accomplishing the goals with a time limit‚ in
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Produce Documents in a Business Environment. There are many different types of documents that can be produced in a business environment. Business cards: These are used to give the customer information on how to contact the company. Fax Document: Another type of document used in business is a Fax document; these are very useful in business and are the fastest ways to transmit documents. These are in paper format‚ either in colour or black and white. Agenda: Agendas tell you what is going to take place
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economic environment could have an effect on them. The economic environment is basically all the economic factors brought together. By saying economic factors‚ I mean aspects such as; employment‚ inflation‚ interest rates‚ productivity and wealth. All of these elements mentioned above have an influence on the buying behaviour of consumers and organisations. P1 In terms of economic variations for marks and spencer‚ the best way to explain the effect it would have on them is by using the business cycle
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Many leaders throughout time have shown effective leadership.However‚ what characteristics made them more effective than other? Communication skills‚ time management‚ respect‚ and admit mistakes are some characteristics that have shown‚ many leaders to be effective. First of all‚ an important characteristic of an effective leader is proper communication skills. A leader must be a good speaker as well as a listener. The leader must know how to communicate with his follower‚ and listen to ideas
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388937544450Unit 1- The business environment Assignment 1: Business structure and its stakeholders P1‚ P2‚ M1‚ D1 24/10/2014 00Unit 1- The business environment Assignment 1: Business structure and its stakeholders P1‚ P2‚ M1‚ D1 24/10/2014 3213100276415500 Task 1: Compile two tables one for each type of business and discuss their purpose and ownership of each of two contrasting businesses. Type of Business Matalan started off as a local business in Preston‚ it then became national
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Introduction Business environment is the combination of all centralized and peripheral aspects that affects a corporation. Both external and centralized aspects can repercussion each other and endeavor together to influence a corporation. The business environment includes some elements like clients and suppliers‚ competition and owners‚ technology‚ government initiatives and market‚ social and economic trends. The internal factors are that impact the approach and success of the company’s operations
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Manage Own Performance in a Business Environment 1.1 The purpose and benefits of planning work is you’ll get a lot more done‚ be able to meet deadlines and show your boss and colleagues that you can do it. Also you will get more positive feedback by getting the job done efficiently. It shows that you can use your own initiative and look at the bigger picture. When looking at the bigger picture it just shows how efficiently things can be done. I had a time when I needed to get a lot of things done
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