Business Environment

Produce an article on woo contrasting businesses which operate In the local area, covering purpose, ownership, organizational structure and strategic planning. Business Type You need to highlight what category the business comes under and provide some facts and figures to support your claim. The options available include; Local, National, International, Global, Public, Private, Not-for-profit, Voluntary, Primary, Secondary, Tertiary Purpose Why does the business exist?

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Does the business have a mission statement? How was the business started? How has It grown? What Is the businesses core activity? Does the business have any secondary actively? Ownership Identify the following: Public or private sector or charity Type of private sector ownership; sole trader, partnership, private limited company, public limited company, franchise, cooperative. What are the liabilities of the owners?

Explain what each stakeholder is hoping to achieve and how they try to influence the activities of the organization For MI 1 . Explain the point of view of each stakeholder, how does this compare to the aims and objectives of the organization? 2. Highlight how there could be conflicts of interest or interdependencies between stakeholders For Del – Using one organization only 1 . Who are the most powerful stakeholders in that organization and why? 2. Use evidence of independent research to back up your arguments to show how those stakeholders have influenced the organization.

This task covers; UP – Describe the different stakeholders who influence the purpose of two contrasting businesses MI -Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organizations Del – Evaluate the influence different stakeholders exert in one organization Task 3 – submission date – (UP) The Express and star are very pleased with your work for them so far, for next month the feature is an article n how two businesses which operate in the local area are organized.

For UP – Your article should include: An organizational chart for each business which highlights the span of control and chain of command An outline some of the activities carried out in each functional area, highlighting roles and responsibilities How are strategic plans are made in each Tip – For a medium to large business use research to find an example of their organizational structure and make your own comments on how the business is organized.

For a small business draw your own organizational structure outline Seibel Job roles based on your knowledge of the business For UP your article should include: An outline the main values, aims and objectives of each business including SMART objectives An explanation of how the organizational structure and strategic planning help the business achieve their purpose and aims Tip – For a small business which does not have a written mission statement or aims and SMART objectives written down, you can write your own based on your knowledge of the business UP – Describe how two businesses are organized UP – Explain how the style of the organization helps them to fulfill their purpose Task 4 – submission date – 29/11/2012 (AS) 29/11/2012 (MM) your editor very excited about this months feature, which is an article featuring two businesses, this time one in the local area and one abroad.

You can choose the businesses and the location of the business overseas. You are to produce an article describing how economic factors affect each of the selected businesses. For AS 1 . Select 2 organizations; 1 local 1 overseas 2. Give an outline of the economic environment that each business is operating in (which can include, economy, government policy demand, supply, global interaction) 3. For each economy include at least 2 economic topics (e. G. Recession, credit crunch, unemployment, housing, oil prices, inflation, exchange rates, interest rates etc. ). 4. Describe how each economic topic you have outlined will influence each business For MM 1 .

Again, a local business is to be contrasted with a business overseas in terms of the influences of political, legal and social factors. For UP – Your article should: 1 . Identify what is happening in the external environment in terms of the following actors; Describe the legal framework the businesses operate in terms of an outline of business law Describe the political framework the business operates in (E. G. A change in government, taxation, infrastructure, grants, education, support such as Business Link) Describe the social framework the business operates in (E. G. More people from overseas working in the I-J, aging population, ethics, attitudes to work stakeholders For MM 1 .

Analyses the political, legal and social challenges faced by the businesses in the two economic environments. 2. Identify 3 business activities which have been adapted to tit their environment ( You can include any activities carried out by the functional areas of the business e. G. Product development) 1 . Build on your work for MM and MM evaluate the responsiveness of each business to their different economic environments, consider (a) What are the likely new challenges? (b) What changes are taking place in society? (c) What are the forecasts for the economy? 2. Make Justified recommendations for the future development of business activities in the two different business environments.

UP – Describe how political, legal and social factors are impacting upon the business activities of the selected organizations and their stakeholders MM – Analyses how political, legal and social factors have impacted on the two contrasting organizations DO – Evaluate how future changes in economic political, legal and social factors, may impact on the strategy of a specified organization Resources A good assignment will include information obtained from a variety of resources, including textbooks, Journals, internet, along with business sections of newspapers and magazines. It is important to reference your work carefully and include a list of sources of information when you hand in your work.