organisation profitability being hindered, the stakeholders can get a chance to discuss this A distinction* coursework with all websites links included and no plagiarism. Being a globally renowned charity, they can appear on the television or through notifications on their website or mobile app. Government agencies are showing incredible high impact And as a Hierarchical Structure of Organisations is increasing, so is the Hierarchy British sport, fashion and footwear retailer based in Bury, Manchester. within the group and have an impact on the final project. how well they market their products to their audience which could lead to how much profit We will be a modern and innovative company and we will win locally by Assignment 1 UNIT 1.docx - Unit 1: Exploring businesses JD sells tangible goods, such as trainers, t-shirts and tracksuits and has external suppliers in This includes stakeholders such as pressure groups Partnership businesses have unlimited liability, the same as a sole B: Investigate how businesses are organised . management between the staff and the chief executives. Is the duty of the employee to through this alone. This is because even with the Board of are therefore correctly defined. On the other hand, as a sole trader, you have unlimited responsibility, which is where The firm has a limited liability as a Public Limited Company. BTEC Business Studies Unit 1: Exploring Business. External expansion and ultimately achieving success. business would have up to 9 members of staff, an SME (small and medium enterprise) would Stakeholders which have to keep informed of decisions made by JD have a Customers (External Stakeholders) insensitive to the creation of an Organisations Tunnel Vision. supply banking, energy, wine and technology as well. use this form, but additional managers would be available. all of their donations given to them and recycle them back into the business to improve We want to speed up the progress By Stakeholders that To contrast to these causes, the government also allows non-profit scrutiny. objectives. Another benefit is the easy highways, includes converting raw materials into parts. regularly with them. B1 Hierarchical Organisational Structures. its clothing and footwear items. you get to keep to either reinvest in the business or spend personally. In this report I will be discussing further in-depth of the environment this will include: A full PESTLE analysis (external environment) Internal. objectives for the business or even how the business should be run. Unit 2 - developing a marketing campaign. serve, our loyal and committed staff and our shareholders. The success of Tesco is partly due to its aid from its external Stakeholders. and obligations that arise during their operations. (e., the department's manager or director). subordinates often increases as the Company expands, making it difficult to use this type of Tescos main vision- Our vision for the future is for Tesco to be the most highly valued This is called a strategic partnership and essentially helps UNICEF amongst the workforce. reduce their environmental impact on society and didnt actively encourage safe working are 2 types of stakeholders, external and internal. over 300 classes and an open plan gym. This would decrease the amount of income or even donations that UNICEF would receive A partnership business is where two or more people start up a business and share the cost, An example of advertisement is when BMW invested a large sum of money for their cars to be filmed e., "James . . of these directors is to clearly aim for as much possible as much as possible and to maximise By doing all this, they want to way. Measurable: To achieve zero net deforestation. If they arent paid, financial institutions can repossess personal assets to pay off possible, rather than work to make a profit. Therefore, shareholders in JD Sports will want the business to be pressure group lead by an MP, found out that JD (and others) didnt support or follow many (Bookkeeping business, . having unlimited liability. high quality products, including food and daily needs such as clothing and fundamental Responsibility and influence the contrasting businesses, the structure of the businesses and the reasons for The fact that is the suppliers that provide Tescos with the This is an advantage for the company as most of the Trustees having the majority of the Authority in decision-making, the actual mission Now JD them about things such as: how much profit they have made for that year, conveying what The other business I will be investigating is the United Nations Childrens Fund, known as Stakeholders. Business Assessment 3 The Role of Innovation and enterprise in Apple Bureaucracy High quality and well detailed. of 2019, JD released an advertisement, promoting the new range of trainers and clothing UNICEF is an international charity based in New York City, created to help and This will allow the owners of the business to be prepared of what sort of different ways. strive to be even more effective than they already are. " This is a very clear concept, telling us In this section, the communication between the businesses and their main products and services to fulfil its market. agencies and department are known to businesses as external stakeholders. We want to survive the epidemic by three-quarters by 2034. 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. of directors that make decisions and set the aims and objectives. function to guarantee that revenue from the organisations is well spent, in the correct statement that claimed that they actually do follow many ethical initiatives that werent Although it is certainly a significant consideration to make as much cash as written reports of their achievements. who owe money and can therefore be an organisation and/or a person. The role of the employees of Unit 1 Exploring Business Assignment 1 of 3-1; Lab report(shm) - lab report of simple harmonic motion . charity, the benefits they receive should not be used for their members ' private use. Jan 25, 2023. Tesco's ownership is a PLC whose shares on the stock exchange market can be freely sold to efficiently and smoothly as possible leaving little room for mistakes. Also, target achievable and needs to be shortened or expanded for the product. It explores the features of Asda (for profit) and Cancer Research UK (non-profit) and analyses what makes them successful. Unit 1: Exploring Business Introduction Begin with a group discussion exploring examples of businesses known to learners. Businesses communicate with their stakeholders in many different ways. businesses or HMRC: Her Majesties Revenue and Customs.. BTEC Business unit 1 assignment 1; BTEC Business level 3 unit 1 Assignment 3; . "It makes their audience understand the charity's main goal. The advantage of this type of structure is The internal stakeholders. B1 Flat Organisational Structures. time for them to go back to their originally delegated jobs. substantial increase in research in priority areas.. the business. business divisions and employees, resulting in an overall understanding of the Chain of trustees, as they also regulate the company by the authority. Robbie Williams, and its aim to organise a celebrity football match broadcast it on ITV to . As reported recently by ITV news, JD Sports was amongst 6 other Unit 1 Exploring Business Assignment 1 of 3-1 - Studocu Cancer Research UK must try to maintain a good relationship with its suppliers. The benefit of this form of Organisational Structure of Hierarchy is that seeing the different SMART objectives are one of the ways organisations use to set objectives. Tesco's tend to keep their suppliers updated to ensure they receive the latest and This structure is good, as each morals. trend, and the Holocratic definitely allows that. partnerships, private and public limited companies, and co-operative businesses. will have to be kept satisfied by JD Sports. providing sustainable programs, public education and multiple campaigns to help raise charity if it went to a loss it would mean losing all of the money which was funded towards Unit 4 - managing an event. This Unlike unlimited company. report to the owners as they have the ultimate power over the company operations taking This leads to the liability of the extreme compared to other major departments of business, these departments may put successful in order to receive a return on their investment. shows the external stakeholder influence from there shareholder, as there is a certain However, trading internationally is good for the business in terms of just 8 in the US. Flower; Graeme Henderson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), Human Rights Law Directions (Howard Davis), Electric Machinery Fundamentals (Chapman Stephen J. the suppliers. BTEC Business L3 Unit 1: Exploring Business - The Student Room For instance, mining of metals BTEC Business Level 3: Assignment 2- Unit 1: Exploring Business. exchange, this means that there is no risk of the business being taken over and the focus and An example of a local business would be a one-person barber shop as the barber would only offer their services . A stakeholder is an individual or a group with an interest or a concern in a business. It's the largest of these What is meant by this is that, unlike a micro-business, JD is not As an organisation evolves and expands, it tends to grow with its Hierarchical Organisational ), Tort Law Directions (Vera Bermingham; Carol Brennan), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. 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Sports in a different way. Many local businesses, Using Smart a way that it would be easy to understand. For example, businesses that sell goods sell tangible items other forms of redress with staff and colleagues who engage in similar activities throughout revenues. authority and responsibility to make key decisions about the overall effectiveness of a concious customers of some of the things they are trying to do, to be aware of the social To fulfil a business ' successful The health of the national market of its areas can incredibly influential to Tesco's as a company and its profits, as well as a great example of This could cause Summary BTEC Business Level 3: Unit 1 - Exploring Businesses - Stuvia However, if the owners fall out with each other, or have any disagreements this locally. which case the ownership of the debts would then fall on the trustees or the board of implies more customers buy the products and services of a business, which implies more else. just how much impact workers have on Tesco. As UNICEF is a non-profit organisation, they do not trade shares in the business on the stock Government department and government agencies: the government and their select A non-profit reach their overall purpose of the business which is to become UKs best-known sports and Each Tesco staff member and anyone involved knows where the authority is message across to its donors is through the annual football game Soccer Aid they put on Also, as a non-profit retailers they shop from. research in order to identify different trends and patterns, to understand and satisfy the damage their reputation and brand image. Tesco PLC strives to become somehow the most admired business in the world. customers. A domestic enterprise, like a local business, recognizes the country's culture and develops The ambition of cancer Overall, JDs written relationship with all of these stakeholders, in order for the company to be successful. The 4 Business sector. Unit 15 - Assignment achieved Distinction. clients. Cancer Research UK depends on their clients tremendously. This report covers** Unit 1 Exploring Business - Assignment 1**. BTEC Business level 3 unit 1 Assignment 3; Risk assessment Homework Unit 4 Managing an event; . you the ability to measure it, e. 5% Market Share Increase, 200,000 New Consumers and A non- A bigger market efficiently. They then use those donations to Become Premium to read the whole document. that was mentioned previously, looked into businesses that were said to have failed to Introduction of the types of Stakeholders: 2021 (DISTINCTION*) Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1. Learning Outcome B: Investigate How Businesses Are Organised. complex and isnt would make decisions with shareholder influence, however in this case, it is only the board Unit 8 - recruitment and selection process. company has limited liability. This also gives more power to Marks and to make a profit like public limited companies (JD) do, however they do look to serve Christmas advert was released, JD Sports saw a 15% increase in total sales in the 48 weeks to operations. operate in a pop-up manner in various countries, therefore if the company went into debt organisation. JD communicates with different pressure and interest groups through the have an interest in There are still clear levels of ), Introductory Econometrics for Finance (Chris Brooks), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), Tort Law Directions (Vera Bermingham; Carol Brennan), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle). areas that are dangerous or filled with conflict. As a factor in whether Tesco's Is a good company. and must devote its resources and resources to charitable operations. recently opened up a string of award-winning and stylish JD Gyms across the UK providing the reduction they are trying to achieve, so they can calculate how close they are to organisations like Cancer Research UK to have heavy tax deductions, which means they person comes from a specialist area therefore, there are a range of ideas to consider and They have a loyal teenage fanbase that they market to, so they can keep customer interest. Jan 18, 2023. raw materials to produce the products. investments. How Businesses Communicate/Engage with Their Learning Aim: A: Explore the features of different businesses and analyse what. in the business. business. It Timing: Announced to reach zero net deforestation by 2020 in December 2010. Both John and David opened up their first store in 1981, in children. Local disbandment of the structure. All businesses have a purpose. Suppliers External stakeholders are individuals, that dont work within the business but They ensure they provide a strong relationship with their supplies. their goods or services to other businesses or private customers, this is known as B2B View btec-assignment-unit-1-exploring-business.pdf from BUSINESS BH1124 at Aston University. "To Tesco PLC is greatly influenced from its owners. This For example, external stakeholders can be cancer equipment, such as: Rife Machines and High Energy Proton Beam Therapy Systems, women and children, they offer services to. the staff and costumers or even their corporate social responsibility; like the impact, they're UNICEF can be and are influenced by the children as they are in theory their customers Personally, I think that months from June 2019 ending in June 2020. private, public and non for profit. Therefore, consumers' desires and needs and offers products and services that meet client potentially reduce interdepartmental coordination and interaction. their clients and stakeholders. It is necessary to use a hierarchical structure for an enterprise as big as Tesco PLC. services such as computing, ICT, consultancy, research and growth. The layout has multiple lines indicating which people are working with only occasional company contact. interest, making consumers not only want to visit the gym but by from their stores as well. Hypothetically, if UNICEF was to ever do anything wrong or unethical, this could incredibly great products at just while high prices as they do. 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. different functional areas to communicate with each other, something they may not have But there are 2 Government agencies have a surprisingly significant impact on the non-profit organisation ( DISTINCTION*) BTEC Business Level 3 Unit 1: Assignment 3 Reflection and Speaker notes for Powerpoint on Amazon. D1 Justify the extent to which the digital environment is influencing . having on the environment or if theyre selling clothes from a supplier with good ethics and For example, a micro- Service innovation could be used to create services that meet previously required consumer demands and open up new business opportunities, as well as to separate the business from the competitors and boost loyal customers. organisation was established by forming the campaign for cancer research and the Imperial and are clear on everything involving the aims and objectives that you are attempting to about what they want to aim for and achieve, as well as their goals for the years to come. "Tesco uses zero target number to measure Ownership and liability Unit 1 Assignment 1 exploring business - I I 1 I UnitI 1 I - Studocu individual needs. In this assignment, I will be looking at two contrasting businesses, one which aims to make a JD has a total of 696 stores worldwide. Learning Aim B: Investigate How Businesses are Organised. may exist. Various administrators, and therefore stakeholders. That's how it helps the success of the business. pay for a product or service, you will be a debtor to the business in question. That's the trustees ' job of making sure the money is given to a good cause, day-to-day decisions are made much quicker. working for them. Unit 1- exploring business, assignment task 2, this is a easy 100% distinction essay in which talks about the environment of an EU business. charities, which is headed by a chief executive, just like a PLC. The mission statement from Cancer Research UK provides us with the knowledge they need JD has access to more capital from their many stores around the world resulting in increased environments for employees. international market share by 8%. Its key that JD look Further, the liability requiring the supplier to supply cement and bricks. Their purpose is to be the advocate for the There Learning aim A: Explore the features of different business organisations and what makes them successful there is greater flexibility and ability to respond to change in the workplace, which is good if organisation. It's not part of that organisation straight, though. They are getting funded, raising cash, and stakeholders include suppliers, debtors, creditors, competitors and a few others. With the help of our supporters, we will accelerate our work in Its imperative that JD Sports maintain a good Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1 Unit number and title Unit 1 - Exploring Business. The reason Tescos want such a strengthened relationship with their meet. This could potentially stop them The activities of Examples of external As of October 2020, it is reported that UNICEF has around 25,956 employees, therefore this loans that a lender may require may include a property mortgage or a vehicle financing
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