BETC LEVEL 2 (UNIT ONE) BUISNESS PURPOSES SOFIA WARD 10M Task one: 1. Tesco Purpose • Tesco is for a profit. Over 60% of group sales and profits came from the UK business. • Tesco sells items such as fresh food‚ groceries and clothing. (The clothing market is worth £33 billion alone) Ownership • Tesco is a Limited company-Public(PLC) • The decision’s are made by an elected board • There Executive Committee comprises the Tesco PLC Executive Directors and seven senior
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How to Write a Business Proposal A business proposal is perhaps one of the most critical documents you need to learn how to write. It is what spells the difference between success and failure‚ whether you’re a freelancer or you have a company of your own. In today’s cut-throat business world‚ entrepreneurs find themselves spending hours upon hours submitting business proposals to potential clients‚ and not get any results. On the other hand‚ there are those that are like snipers‚ able to get
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3. Motivation? Accounts for how much of these are put by an individual to meets Company’s goals- Intensity – the amount of effort put forth to meet the goal Direction – efforts are channeled toward organizational goals Persistence – how long the effort is maintained. Early Theories- Maslow’s Hierarchy of Needs Theory- Lower needs-Safety‚ Psychological & higher needs- Social‚ Esteem Self-Actualization. Douglas McGregor’s X & Y- Theory-X- people needs shootings‚ banging to work (Ex- Siva raj)
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structure of innocent drinks‚ and describe how the business operates within the chains of command‚ span of control‚ and how authority and responsibility are operated within the structure. I will also create an alternative structure for my chosen companies. Organisations need to be organised into a structure that will benefit them to run efficiently. Matrix structure Innocent drink’s organisational structure: The organisation structure in which my business operates in is the matrix structure. The
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Discussion Board Forum 1 Case Study Topic: Business Ethics Benji Watson graduated near the top of his class in the Liberty University MBA program‚ and he was recruited by several national corporations. One of those corporations was New Gen Health Sciences. New Gen manufactures and sells various vitamins‚ health foods‚ and health supplements; it was recently featured in Fortune Magazine as one of the fastest growing companies in America. Benji was invited to attend a weekend-long “Get to
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market power of the largest firms in the industry. Discussion Questions: 8 A cartel is a group of firms that behave as a single firm. All decisions are taken jointly in a manner that maximizes profit for the entire group. This is how OPEC works. The Organization of the Petroleum Exporting Countries (OPEC) consists of 12 oil producing and exporting countries‚ spread over America‚ Asia and Africa. The members are Algeria‚ Angola‚ Ecuador‚ the Islamic Republic of Iran‚ Iraq‚ Kuwait‚ Libya‚ Nigeria
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ASSIGNMENT # 1 Business Environment Importance of Theory and History to managers Principles of Scientific and Administrative management Rida Jaffery BBA (1st semes.) BUSINESS ENVIRONMENT All of those factors both internal and external‚ which influence function of a business. Internal factors include items such as the company’s product or services. Employees‚ assets and marketing. External factors include competitors‚ stockholders‚ customers and economic conditions. The business environment
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The world ’s business and trade has become faster‚ easier and more reliable. The ability to connect with people around the world has allowed long distance transactions to occur. Business relationships that may not have been possible 50 years ago because there was not a means to communicate effectively are more readily maintained in today ’s world. The difference between today and 50 years ago is that much of the learning is being taken over by machines. “People used to be valued for knowing a
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(Task 01): Understand the organisational purposes of business 1.1 Identify the purposes of different types of organisation 1.2 Describe the extent to which Siemens meets the objectives of different stakeholders D1 Critically evaluate the responsibilities of Siemens to meet stakeholders objectives. 1.3 Explain the responsibilities of Siemens and strategies employed to meet stakeholders. M1 Identify and find the mission and objectives of Siemens. LO2 (Task 02): Understand the nature
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‘Backward’ market research’ may sound oxymoronic it has to be one of the most useful things that I learnt throughout my time at University and I must thank my old lecturer Ben Healey for introducing it to me. Why is ‘Backward’ market research so good? – It is good because is it delivers results‚ and if market research cannot deliver results it really is a waste of time and money. ‘Backward’ market research was first postulated by Alan R. Andreasen in the 1980′s. ‘Backward’ market research turns the traditional
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