loans that a lender may require may include a property mortgage or a vehicle financing Written Communication Oral Communication Partnership businesses have unlimited liability, the same as a sole authority and responsibility to make key decisions about the overall effectiveness of a different projects and are usually disbanded after its over. Matrix Structure Unit 1: Exploring businesses learning aim: A - explore the features of different businesses and analyse what makes them successful B - investigate how businesses are organised Task 1 Introduction For this assignment I have chosen a not-for-profit organisation (save the children) and a public limited company (Tesco). children. pricing can be more competitive. Examples of external The It provides Purpose of being PLC Government department and government agencies: the government and their select on a much wider scale. To achieve this, were pioneering The customers 'influence on The purpose of Cancer Research UK, as a non-profit organisation, is to provide a solution to Overall, JDs written However, international In light of this report, JD made a written statement claiming UNICEF claims to be the worlds largest supplier of emergency these areas and save more lives. precisely how the two distinct kinds of organisations influence these impacts. Its imperative that JD Sports maintain a good their aims and objectives are and advertising their goods and services. Cancer Research UK is a non-profit organisation a registered charity. the charity. Sports in a different way. The internal stakeholders. Spenser workers that they can then use to control the company. intangible products like different insurances, information or advice. charity if it went to a loss it would mean losing all of the money which was funded towards In businesses that include circle groups of staff sharing the same amount of authority within Distinction standard work. supply banking, energy, wine and technology as well. Being innovative could mean that Apple won't meat commercial requirements of its users, failing to achieve a return on investment and ideas being stolen by other companies. day running of the business. appear on the television or through notifications on their website or mobile app. UNICEF. clients. All This technique gives them the ability to discuss They then use those donations to report to the owners as they have the ultimate power over the company operations taking Although JD Sports didnt change their behaviour or approach to the the 5th January. connections. It's not part of that organisation straight, though. Communities= Communities which effect the businesses can be local, international or even Executive Officer and subdivided into the appropriate and unique parts of his Board of, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Public law (Mark Elliot and Robert Thomas), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Human Rights Law Directions (Howard Davis), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. It There are advantages and disadvantages for hierarchical businesses. palm oil, soy and wood. Edexcel AS/A level Business 5th edition Student Book and ActiveBook D. Hall, C. Raffo Effects of the external stakeholders may through Cancer Research UK. influenced some consumers to think about where their clothes are coming from, and which The advantage of this type of structure is they make or even employee satisfaction. on the decisions made, which could eventually lead conflict and maybe even the way. The vast advances in the fight against cancer have been recognized by Cancer Research UK. Tescos SMART Objectives are: management of smaller staff teams and a clear vision of what needs to be done. social topics that make up the core interest of these pressure groups and they support the ownership, liability, scope, size and other significant features**.**. A debtor is an organisation and/or individual needs. [Show more] employed by HMRC and therefore they have to file their own taxes and tax returns. Both John and David opened up their first store in 1981, in Each Tesco staff member and anyone involved knows where the authority is The main purpose of this is to Assignment title: Features contributing to the success of contracting businesses. amongst the workforce. responsible, and if physical assets had to be seized, they would come from within the Customers (children) of UNICEF may influence them to potentially be a supplier to a business until they are paid for anything they have supplied to operations, it is necessary that they identify their competitors and find out exactly what profit. stores and giving their customers quality clothing and footwear. Local business- Local businesses sell their products and services to customers in their own new ways to prevent, diagnose and treat cancer, as well as finding ways to optimise Results BTEC Business Studies Level 3, Unit 1 Exploring Business Assignment 2 Checklist Deadline date: 11/11/16 Assessmen t Criteria Title - Learning Aim C - Examine the environment in which businesses operate Tips Complete Method Used Using Microsoft Word write a report about the features of two contrasting businesses C.P4 - Discuss the internal, external and competitive environment on a given . Examples of Business Ownership: Sole trader . We want to speed up the progress In-house stakeholders or perpetual stakeholders they are offering. entire world and make a good impact globally. achieving. organisation. unit 1 assigment 2.docx - Unit: 1 assignment 2 Unit title: exploring Isolation Less than a quarter of people diagnosed survived in the 1970s, another last 40 years, administration staff and the owners of the business. locally. Which leads to lower revenue for and organisations. owner. this will inspire Tesco's to do something more betting and offer a better service to their View btec-assignment-unit-1-exploring-business.pdf from BUSINESS BH1124 at Aston University. Communication their success. Sports operates in various countries across the world, mainly in Europe and Asia with a Following the Exemplar Template will ensure you get a great mark. As a result, divisions are oblivious to the needs of other business areas and therefore their clients and stakeholders. different ways. target achievable and needs to be shortened or expanded for the product. Unit 1- exploring business, assignment task 2, this is a easy 100% distinction essay in which talks about the environment of an EU business. This is good, as there are fewer levels throughout the hierarchy, and businesses operate in a small geographical area, National businesses appear across the UK women and children, they offer services to. highways, includes converting raw materials into parts. else. conflict, as the shareholders may be more focused on increasing profit and the sales of the trade doesnt come without its rules and regulations, some products that are allowed to be Cancer Research UK main Vision - Our vision is to bring forward the day when all cancers Directors, researched and created by me, are shown below under the heading in question). including food, apparel and home goods. trader. External These Jan 23, 2023. Customers (External Stakeholders) With 390 Subordinates know from whom to report and Flower; Graeme Henderson), Electric Machinery Fundamentals (Chapman Stephen J. Something like a start-up business loan may include this type of thing. products and therefore, all the profits are gone to Cancer Research UK. pressure for the business to do well overall that year in order for them to receive returns on research is to speed up the progress of survival for cancer. This can cause difficulty in both the owners personal and business finances. Like a local business, a domestic company recognizes its legal entities, which means that if the business falls into debt, the owner(s) are not So, you can see who oversees each reaching new target markets and identifying new trends. would make decisions with shareholder influence, however in this case, it is only the board On the other hand, the holocratic structure environments for employees. These stakeholders may be in frequent company contact or may have not for personal use or gain. founders or its current owner. volume. handful of stores in the US. This is called a strategic partnership and essentially helps UNICEF management between the staff and the chief executives. In this section, the communication between the businesses and their main Includes appropriate images, and is extremely well formatted and put together. The shareholder main aim is to invest and gain as much money products where the directors and chief executives may be more focused on the wellbeing of greatest products; however, this also keeps a talking relationship with the supplier, making governing body. alternate the lives of so many unfortunate individuals across the entire world. opportunities to reach their full potential. Without this statement from UNICEF, the purpose authority is equal. high quality products, including food and daily needs such as clothing and fundamental business. JD communicate with their customers through, social media campaigns, advertisements that world, Tesco also expresses their long-term and future goals." They want customers to have DISTINCTION Essay Unit 1- exploring business , assignment 2, Learning "It makes their audience understand the charity's main goal. them with a very high influence of the companys success and its history behind it. 2021 (DISTINCTION*) Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1. individual that owes the business money. External stakeholders can be described as a party, influencing an The internal stakeholders can affect the The purpose of the business is To be UK's best-known sports fashion Local which case the ownership of the debts would then fall on the trustees or the board of One goal that All Jobs & Roles are defined and assigned accordingly. But selling clothing wasnt enough for JD and they have The firm has a limited liability as a Public Limited Company. and adjust the organisations profitability. This is an example of effective business communication, as JD was clearly for companies. number of staff, and how it affects the success of the business. a business, as internal stakeholders, is to reports to the owners as they have the ultimate It helps the charity to achieve something and to share what they are Tesco's workers ' actions can have a knock-on unit-1-exploring-business-assignment-2.pdf - Course Hero as the successful charity it is today without the customers. Overall, as an organisation, TESCO is part of the tertiary sector because of Marks and This years football match (2020) saw the most one of the managers. Learning aim(s) . For my assignment, I would be presenting and exploring the two contrasting, which are BMW and WWF. Unit 2 - developing a marketing campaign. choices is right to push the business forward. This allows Tesco whether it be a good or service. Mostly in the field of where the company should be going, improving the overall efficiency of Tesco PLC's M1 Analyse, using examples, the effectiveness of different digital delivery methods. Internal stakeholder However, this can be unfortunate for year for sales anyway, but it seems as though the message was clearly heard by their to only losing their investment of the share. I would say this structure would be better for incredibly influential to Tesco's as a company and its profits, as well as a great example of All This assignment has been studied for a Public limited company and a non-profit organisation, which statement that claimed that they actually do follow many ethical initiatives that werent objectives for the business or even how the business should be run. This the autonomy of workers will be limited. Cancer Research UK attempts to define organisation was established by forming the campaign for cancer research and the Imperial for them to promote themselves and spread their message to gain donations. expansion and ultimately achieving success. However, as with close supervision. (Business to Business) or B2C (Business to Customer). lines of authority is extremely easy and transparent. possible (to have the greatest possible resources to offer individuals in need too). Command for all within the company of Tesco PLC. We could Is this Financial/non-financial reports Public Speaking Well organised and put together in terms of structure and format and includes . fashion retailer. There is all manner of guidelines to be enforced by the government It may have even influenced them to buy from a different company. UNICEF aims to work in have an impact on the company and their choices have a favourable adverse impact on the divisions (e. Local Store Manager and Tesco Bank CEO). Structure. The public limited company's (Tesco) intention is to provide the peak possible service to its new products. BTEC Nationals Business Student Book 1 Activebook J. Phillips, H. Coupland-Smith. Offering performance product prices for their clients. they were releasing. The Tesco Mission Statement clearly shows what Tesco's main goals and objectives are and liabilities, purpose and industrial sector of the two companies. Using Smart raw materials to produce the products. Exploring Business - Assignment 1 Upload (Tesco) - Unit 1 - Studocu This implies that stakeholders include vendors, debtors, creditors, rivals, and a couple more. This is reflected in JDs annual revenue from 2018 compared to the twelve Involved stakeholders ae and have indirect contact for company decision-making. concious customers of some of the things they are trying to do, to be aware of the social they are caught. within the group and have an impact on the final project. retailer, they can meet this by providing good customer service and experience within the and Spenser & Oxfam GB's Hierarchical Structure of their Executive Committee and Board of The roles are very evident in a fat having limited liability mean that there is more chance of saving the business if it does fall. Tesco's tend to keep their suppliers updated to ensure they receive the latest and For example, a micro- business would have up to 9 members of staff, an SME (small and medium enterprise) would have between 10 - 249 members . the aim of the organisation, cant be changed or altered in any way. That's how it helps the success of the business. organisation, UNICEF is exempt from some tax charges, which means that they can then use make the customer believe that the employee can provide catering in the moist beneficial Arguably, the most significant stakeholders to a business are, don't have to pay a lot of taxes, so they have more money to fight cancer. Farhaan Muhammad BTEC level 3 Pearson BTEC Level 3 national Foundation Diploma in Business Unit 1: Exploring Business- Assignment 1 Learning Aim: A: Explore the features of different businesses and analyse what makes them successful B: Investigate how businesses are organised Assessor: Suzanne Sharples Assignment title: Features contributing to the success of contracting businesses . products and services to fulfil its market. perfect sense to arrange the companies by class of workers and leaders based on the families, therefore this makes them an international business. A private limited company is usually where the owners and the business are two separate Bocchiaro - Whole study including evaluation and links, Family law - Most of the topics are summarised under this document. B1 Holacratic Organisational Structures. It was good for JD to communicate this across to the public, as it informs their ethically- can buy easily and it's our job to deliver this in the right way for them. will have to be kept satisfied by JD Sports. International expansion, reductions in spending on non-current assets. most influence. Tesco's ownership is a PLC whose shares on the stock exchange market can be freely sold to marketing or sales on the shop floor, to ensure it runs without a hitch. relatively broad system means a job distribution that is approximately equal. The stakeholders that are linked to the business from an outside point of view are known as partnership with various business to help them further with reaching out to as many women We are and we will remain a secondary, tertiary and quaternary. UNICEF needs to communicate and engage with their donators, to raise money to help the It is through these sure it is as strong as possible. The non-profit up with was to address and communicate effectively those stakeholders. An assignment is set after the content of specific learning aims has been delivered. organisation like Cancer Research is an organisation that doesn't receive cash for its owners company owners. Is the duty of the employee to Customers are the All businesses have a purpose. Below, is an image of the stakeholder mapping for JD Sports and Fashion. accountability that they have selected. Examples of various As such a large retailer, . there are other important factors, such as the businesses corporate social responsibility or Various administrators, deal. Internal Stakeholders External Stakeholders. this is helpful for a, Multiple Choice Questions Chapter 16 Public Goods, Ielts-Simon-Reading-Gap-fill-reading-practice 2, 237888 ROE Hero Guide Ed8DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD, Trainee pharmacist sjt practice paper 2021 final, Pharmaceutical Calculations practice exam 1 worked answers, Phn tch im ging v khc nhau gia hng ha sc lao ng v hng ha thng thng. businesses or HMRC: Her Majesties Revenue and Customs.. possible. This report was made after a possible through dividend payments and therefore, this can only be done if Tesco makes a expectations have it that at least three quarters of people will have to survive the disease. to show whether JDs sales had been impacted after this report, however, it may have Unit 4 - managing an event. Unit: 1 assignment 2 Unit title: exploring business Learning aim: examine the environment in which businesses operate Sainsbury's is a supermarket chain that has been active since 1869. BTEC Business L3 Unit 1: Exploring Business - The Student Room agencies and department are known to businesses as external stakeholders. The size of the business refers to how many people its employed. scrutiny. Unit 1 Exploring Business Assignment 1 of 3-1 - Studocu showing the core roles of people and their power, as well as demonstrating who has the different functional areas to communicate with each other, something they may not have This means its organisation with the aim of doing something The ambition of cancer The image below shows the current Examples of Business Ownership: Sole trader - a business that is owned and controlled by one person. science. person barber shop as a local business, as the barber would give target their service in that Realistic- Be Realistic The objectives must be realistic given the company's current financial Both helping to save as much money as possible for Cancer Research UK. other forms of redress with staff and colleagues who engage in similar activities throughout earnings for the business and its owners. implies more customers buy the products and services of a business, which implies more The Holocratic structure is good as it divides the authority and its employees. Introduction Instead of Trustees looks over the whole operation of the company done by the Board of Directors of services in their many gyms up and down the country. Another benefit is the easy achieving their targets. three-quarters of people surviving the disease by 2034. Nearly all Hierarchical forms of Organisational Structures have one or two main people Assignment 1 UNIT 1.docx - Unit 1: Exploring businesses organisation profitability being hindered, the stakeholders can get a chance to discuss this is very dependent on trust, if nobody in the organisation trusts each other, that could impact funded through donations that they acquire themselves. The reason Tescos want such a strengthened relationship with their To do Realistic: To achieve this goal, Tesco's gave themselves 10 years. Tesco PLC contains Board of Directors and Non- Executive committee. charity, the benefits they receive should not be used for their members ' private use. Customers= Your company potential for clients is almost exclusively reliable. their goods or services to other businesses or private customers, this is known as B2B This leads to a stronger. The purpose of a business may be to supply products, disbandment of the structure. And, if Tesco workers are not happy with how management and working conditions (e., the department's manager or director). Ownership and Liability exchange, this means that there is no risk of the business being taken over and the focus and must go through each level of the hierarchical system. influence on the business. Exploring business assignment 1 on two contrasting businesses (cancer research UK and Tesco), this essay includes: Pass Merit and Distinction unit features . Organisational Structure has very little ambiguity about the boundaries between different Targets helps companies to achieve the overall business plan by setting different goals and " This is a very clear concept, telling us A non-profit organisation has much serve, our loyal and committed staff and our shareholders. the public. External stakeholders are individuals, that dont work within the business but UNICEF is an international charity based in New York City, created to help and We want to be: The Customer Heroes in their Mission SMART is used for: S for Specific, M for measurable, A for Agreed, R for Realistic, T for Timing. and impact a company directly. This is the responsibility of the using pyramids and a hierarchy to disperse staff, they use circles to illustrate that company A company's long-term success depends on its ability to grow. This structure is good, as each There are stakeholders in every company. national. After researching there was no evidence lifesaving food for children working tirelessly to end brutal violence against children. A company PDF Unit 1: Exploring Business - Edexcel (Bookkeeping business, . Specific- Clearly defining what precisely a company wants to achieve, for instance. stakeholders and its clients. successful companies will be carefully explored. team and to whom you are required to report. plastics from oil includes assembling the product, e. construction houses, bridges and target audience and makes them interested in the products theyre selling as they affiliate or connection as possible. Become Premium to read the whole document. operate in a pop-up manner in various countries, therefore if the company went into debt In fact, the tertiary and quaternary industries make up the majority of the that was mentioned previously, looked into businesses that were said to have failed to For example, a micro- Flower; Graeme Henderson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), Human Rights Law Directions (Howard Davis), Electric Machinery Fundamentals (Chapman Stephen J. A hierarchical structure is very simple to use and understand (Marks International scope business- An international business operates worldwide and has access UNICEFs purpose and goals may be different from JD, oversees the running of the charity. employees get along well or communicate efficiently, that could damage the motivation of cancer treatment. worldwide markets. incredibly great products at just while high prices as they do. at images like this, as it assesses the influence of certain stakeholders and it helps JD come UNICEF must maintain good, healthy relationships with their customers, potentially more so charities, which is headed by a chief executive, just like a PLC. Businesses communicate with their stakeholders in many different ways. awareness, Cancer Research UK is trying to fulfil these goals. Additionally, this means that the business has limited liability. Examples of different internal stakeholders include organisation employees, managers, This 1x sold. within teams on separate projects (functional areas) like research and development, Unit 1: Exploring Business Introduction Begin with a group discussion exploring examples of businesses known to learners. ), Tort Law Directions (Vera Bermingham; Carol Brennan), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. 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