Raphael Ngoma Tsasa

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 Raphael Ngoma Tsasa Essay

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Product code: QCF Level a few: Credit worth:

The Business Environment

Y/502/5408 BTEC National 10

Guided learning hours: 60

Aim and purpose

The goal of this unit is to give learners the basic knowledge of a number of organization organisations, plus the many elements that shape the nature of organisations operating in an increasingly complex business community.

Unit advantages

Learners new to the learning of business will be familiar with organisations through having dealt with them as clients or employees. One of the is designed of this unit is to support learners to generate on these types of experiences and find out to ‘walk in the shoes' of owners, stakeholders and managers of organisations. The unit features learners into a range of organization activities. They will consider the purposes of different organisations as well as the influence of stakeholders and how businesses set up themselves through strategic preparing and efficiency structures. Learners will then check out the active nature of organisations through studying the impact of exterior (political, legal and social) influences about business operations. Next, they are going to study the essential economic rules that effect on businesses. By simply studying two different organization environments scholars will gain some insight into how businesses operate in different parts of the world and exactly how the development of a worldwide marketplace affects on almost all businesses.

Learning outcomes

About completion of this kind of unit a learner ought to:

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Know the variety of different businesses and their possession Understand how businesses are organised to accomplish their uses Know the effect of the economy on businesses Know how political, legal and social factors impact on business.

Edexcel BTEC Level several Nationals specs in Business – Issue two – Summer 2010 © Edexcel Limited 2010

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Unit content

1 Know the dimensions of the range of different businesses and their ownership Array of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; industries of organization activity (primary, secondary and tertiary) Business purposes: supply of products or services; big difference between earnings and not-for profit organisations Ownership: general public, private and voluntary areas; types of ownership (sole trader, relationships, private and public limited companies, gov departments, government agencies, employee cooperatives, charitable trusts); main implications of different types of ownership about businesses (extent of liability, limitations to operation to get public and charitable organisations) Key stakeholders: customers; workers; suppliers; owners; trade unions; employer associations; local and national neighborhoods; governments; impact of stakeholders on organisations

2 Understand how businesses are organized to achieve their very own purposes Efficiency structures: goal (division of, lines of control and communication); types of composition (functional, geographic, product, form of customer); diagrammatic representation of structure (organisation charts); period of control Functional location: finance; promoting; production; customer satisfaction; sales; recruiting. Strategic planning: mission and values; advancement strategic is designed and objectives; cascading of objectives over the organisation; proper planning method; use of CLEVER (specific, considerable, achievable, resourced, time-bound) aims Influencing factors: stakeholders; business environment; shop and ownership. Different aims: private sector aims (breakeven, survival, profit maximisation, growth); public sector aims (service provision, price limitation, good value, meeting authorities standards, regarding range of provision)

3 Know the impact from the economic environment about businesses

Monetary: importance of steadiness; impact on business of changes in the economic environment (growth, recession, ripple effect); levels of inflation; availability and cost of credit;...

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