MODULE: BUSINESS ENVIRONMENT LEARNING OUTCOME ONE | ASSESSMENT CRITERIA | Understand theorganisational purposes ofbusinesses | 1.1 identify the purposes of different types of organisation1.2 describe the extent to which an organisation meets the objectives of different stakeholders1.3 explain the responsibilities of an organisation and strategies employed to meet them | What is a business? It is a system whose performance is influenced by a whole range of phenomena in its environment. It is
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The Five Most Significant Historical Events During this course‚ I have definitely learned more than I ever would have thought was a part of Western Civilization. This course has taught me so much‚ and learning about a lot of things that have occurred in the past‚ has given me so much insight on how things have been shaped for not only the present but the future. To me‚ I think five of the most significant historical events or eras was; the Industrial Revolution‚ the American Revolution
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How businesses are influence by the economic environment The business environment consists of different influences that are outside of a business from political‚ social and legal changes. These influences can change for the better or for the worst for the business economic factors. The economic environment consist of many individuals who make decisions that buy and sell goods‚ borrow and lend money‚ raises taxes and change interest rates. Consumers are who purchases the goods for their own
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Globalization Globalization is an ongoing process of integration and interaction amongst companies‚ governments and people. It is driven by invention of new technologies and forms of communications‚ international trade and investment. In addition to economic aspects‚ globalization plays an important part in other fields. It can also be defined as the integration of economic‚ cultural‚ political‚ ecological and social systems through internationalization and interconnectedness. Globalization
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One of the most important Olympic sports in the 2000’s was cycling. The reason why cycling was popular became because of the Lance Armstrong and his battle with cancer‚ yet continued to ride his way to many cycling medal’s and trophies. Before Lance‚ the history of cycling in the USA started in 1920 with an organization called Amateur Bicycling League of America. The organization changed to United States Cycling Federation‚ which merged with USA Cycling in 1995 to become one. Cycling has always been
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Management Theories:- Organisations have a variety of goals. They usually direct their energies and resources to achieve these goals. An organisation possesses human as well as non human resources that are put to use in the service of specific goals. Management is that force that unifies these resources. Without management acting as a unifying force‚ it is not possible to convert resources into useful products. Management is defined in different words by different theorists. According to Harold
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it is known to be the crucial time of life. What is being sown today is what shall be reaped later. Education is where a student gets formed from. Education is in-fact character building in students. It through education that he understands the facts and figures and how things ought to be sorted and what is the current scenario and many other relevant important factors. Based on these factors are what he redesigns his thoughts and ideas and this is what helps him in due course when being an adult
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government. In the United Kingdom there are many private businesses that have sole traders‚ partnerships‚ companies and franchises. The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning‚ plumbing‚ electrical work‚ busking). Advantages: Limited liability – This is the most important advantage of incorporation. Limited liability protects the personal wealth of the shareholders Easier to raise finance – both through the sale of
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requirements and environment of the business in that country. So for any company‚ thinking to expand the span of business to another country and wants to invest for long term in that country‚ especially where production in that country involves‚ it is very important to understand the business environment‚ government policies‚ restrictions and future perspective of business in that country. The business has to assess whether the company has ability to incorporate most of the business needs and it should
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The impact of business environment in today’s business Business‚ now-a-days is vitally affected by the economic‚ social‚ legal‚ technological and political factors. These factors collectively form business environment. Business environment‚ as such‚ is the total of all external forces‚ which affect the organisation and operations of today’s business. The environment of an organisation has got internal‚ operational and general levels‚ managers must be aware of these three environmental levels and
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