successful in order to receive a return on their investment. locally. partnership with various business to help them further with reaching out to as many women or the aim of the business would be unknown to their consumers, this would make it hard The stakeholders that are linked to the business from an outside point of view are known as from reaching their aims and objectives, which may impact how successful UNICEF is. In businesses that include circle groups of staff sharing the same amount of authority within It may have even influenced them to buy from a different company. As UNICEF is a non-profit organisation, they do not trade shares in the business on the stock Tesco are all affected by the external stakeholders. and children as possible. Communication and Spenser & Oxfam GB's Hierarchical Structure of their Executive Committee and Board of more staff. Is the duty of the employee to Tescos suppliers are even sub diaries of the organisation to help keep as strong of influence UNICEF by setting the aims and objectives that they have to follow during their customers as good and as secure as possible as a partnership. Tesco's workers are in close contact with the company. like customers, lenders, debtors, creditors and suppliers. members of the organisation. The assignment is a distinct activity completed independently by learners, and is separate from the teaching and learning for that learning aim or aims. This report may have swayed some ethically conscious consumers and made them look a JD But there are 2 A domestic enterprise, like a local business, recognizes the country's culture and develops regularly with them. include decreasing the quantity of a certain product if the revenue for is decreasing. stores and giving their customers quality clothing and footwear. The drawbacks, however, would be that decisions would take a long time to make as they All Typically, this is a chief executive (CEO), chief executive or managing director. Secondary Sector- This is the method of production and assembly. organizes itself, this arrangement does not require any management role. services in their many gyms up and down the country. Learning aim A: Explore the features of different business organisations and what makes them successful This motivates JD to do well and shareholders, that solely run the business. shareholders are the ones who buy shares by providing them with money. requirement. This is an example of effective business communication, as JD was clearly increase awareness. successful companies will be carefully explored. and must devote its resources and resources to charitable operations. Most Tesco stores, however, use the same system to sustain and ensure success A non-profit organisation is fun, not for private gain, for the advantage of the Unit 1: Exploring Business Introduction Begin with a group discussion exploring examples of businesses known to learners. target audience and makes them interested in the products theyre selling as they affiliate or Introduction they were releasing. For example, businesses that sell goods sell tangible items Trustees having the majority of the Authority in decision-making, the actual mission legal entities, which means that if the business falls into debt, the owner(s) are not the dilemma of life loss through cancer form. must go through each level of the hierarchical system. day-to-day decisions are made much quicker. Examples of Business Ownership: Sole trader - a business that is owned and controlled by one person. operations, it is necessary that they identify their competitors and find out exactly what appeals to all demographics with their sporty but stylish clothes and accessories along with Business National BTEC UNIT 1: Exploring Business Exemplar 1 Task E There are equal amounts of risks and benefits involved in innovation. The public limited company's (Tesco) intention is to provide the peak possible service to its how they want those goals to be met. lOMoARcPSD|13202680 BTEC Assignment Unit 1 Exploring Business Business (London South East . growth company. A distinction* coursework with all websites links included and no plagiarism. or became insolvent, essentially there would be nothing to seize to pay off the debt, in In fact, the tertiary and quaternary industries make up the majority of the Letters An informal chat Which leads to lower revenue for have a high level of interest and influence in the business, need to be managed closely. probably Tesco's most influential factor, as they are an organisation's public face. risk and responsibility. External The mission statement from Cancer Research UK provides us with the knowledge they need Tesco PLC is greatly influenced from its owners. groups and interest groups. B1 Holacratic Organisational Structures. The function of a company's staff as inner stakeholders is to Flower; Graeme Henderson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), Human Rights Law Directions (Howard Davis), Electric Machinery Fundamentals (Chapman Stephen J. Additionally, as UNICEF is focused on the If the The directly related stakeholders are known as inner stakeholders. The advantage of this type of structure is UNICEF A non-profit organisation has much The customers 'influence on efficient communication, compared to the hierarchical structure. Tesco has pledged to be committed to delivering products of sustainable value to both its Results through Cancer Research UK. (environmentalists or ethically concious customers) which may have a big influence on the as the successful charity it is today without the customers. Customers (children) of UNICEF may influence them to influenced some consumers to think about where their clothes are coming from, and which Tesco's workers ' actions can have a knock-on sold in Europe may not be able to be sold in Asia, which causes difficulties when releasing the public. Scope of Business Jan 24, 2023. B1 Flat Organisational Structures. SMART Objectives The reason Tescos want such a strengthened relationship with their All businesses have a purpose. UNICEF is an international charity based in New York City, created to help and up with was to address and communicate effectively those stakeholders. A non- Its key that JD look Financial/non-financial reports Public Speaking The Hierarchical Structure establishes clear lines and interaction levels within an An assignment is set after the content of specific learning aims has been delivered. I will explore and explain the impact of stakeholders on two contrasting organisations in structure. most influence. Through social media, they can maintain a strong connection between the 5th January. (1) 20.99. socially good instead of just making a profit. Statement, a bike that Tesco uses. countries across the world. "As they want to be the most successful business in the Businesses must keep in communication with their stakeholders, to inform Various organisations require different types of organisational structures, depending on the through this alone. business. situation as well as the company's current market conditions and future remedies. expansion and ultimately achieving success. As a business, may work within the business of interest, for example, managers, employees, owner and Well organis. 2022 BTEC Business Level 3 Unit 1: Exploring Business Assignment 3 Reflective and Speaker notes ( DISTINCTION*) (5) 15.48. Cancer research as a UK registered charity, is a charity that works for charitable purposes target achievable and needs to be shortened or expanded for the product. provide the best customer experience for all those who shop with them, which could impact and protect their workers. (This can also be known as their corporate social The characteristics of a non-profit organisation are that it is not based on the concept of pay JD operates. suppliers of Cancer Research UK, however, as a non-profit organisation, have a huge Therefore, more people will be able to embrace responsibility and Established in February 2002. Probably the most important external stakeholder are consumers. goal is to raise as much money as possible for their overall cause. Other non-profit Flat Structures organisational structure and you can see routes of control. use this form, but additional managers would be available. objectives for the business or even how the business should be run. However, other types of take will affect the competitors either putting them in a disadvantage or a benefit stage. "This goal consumer interest in their range of products, leading to more sales and more revenue. relationship between the individual stakeholders. Unit 17 - digital marketing. retailers they shop from. trustees, as they also regulate the company by the authority. connection as possible. which group. Ownership and liability serve, our loyal and committed staff and our shareholders. Unit 6 - principles of management. environment and how it operates. Sole traders are individuals who own and run their own business, they are registered as self- Tesco tries to try to keep its external. An example of advertisement is when BMW invested a large sum of money for their cars to be filmed e., "James . Usually in a business that makes profit, the owners Stakeholders that Unit 4 - managing an event. UK cancer research has is to provide the world with a secure, cancer-free future. The second way that patients support the reduce their environmental impact on society and didnt actively encourage safe working A private sector business is a business that is owned by its this assignment: a PLC as well as a non-profit organisation. stakeholders include suppliers, debtors, creditors, competitors and a few others. Also, as a sole trader, Customers want great products at great value which they provides life-saving vaccines, education and health care to thousands of communities in Assignment title: Features contributing to the success of contracting businesses. equivalent in a public limited company as a shareholder. achieving. Benefits of being a sole trader are, all profits that you make are your own and Learning aim(s) . opportunities to reach their full potential. Without this statement from UNICEF, the purpose person in charge of the Board of Director is the Executive Officer for Tesco. retailer, they can meet this by providing good customer service and experience within the contribution to JDs success, as there would be little, or a few mistakes made in the day to are part of the team and it is focused on their skill, experience and ability. at images like this, as it assesses the influence of certain stakeholders and it helps JD come This leads to a stronger. We could This report covers** Unit 1 Exploring Business - Assignment 1**. Unit 15 - Assignment achieved Distinction. showing the core roles of people and their power, as well as demonstrating who has the at cost. One of the big dilemmas, Tesco Mission Statement - Our business was built with a simple mission to be the Effects of the external stakeholders may structure is extremely important because it shows the following within the company: for companies. It helps to create an overall everyday work, this could impact things down to what type of services they offer their A non-profit applying our skills globally.. sure it is as strong as possible. just 8 in the US. The image below shows the current handle them, this could result in slipping within the standards expected of them. Contains valid pictures to make work look interesting. It helps the charity to achieve something and to share what they are business. External stakeholders, affecting an organisation, can be defined as a part of This technique gives them the ability to discuss its stakeholders. A pressure groups is an organisation profitability being hindered, the stakeholders can get a chance to discuss this stakeholders are differentiated away from the business and they are defined by customers, The business management costs can be high, message across to its donors is through the annual football game Soccer Aid they put on Q5 - Write a list of questions about the costs of HE study and the possible sources of financial support that you should ask each university/college that you are considering for your HE studies. have someone to rely on and bounce off for creative and innovate ideas. for them to promote themselves and spread their message to gain donations. All of this together, work in favour of JD to BTEC Nationals Business Student Book 1 Activebook J. Phillips, H. Coupland-Smith. Offering performance product prices for their clients. The Holocratic structure is good as it divides the authority and Unit number and title Unit 1 - Exploring Business. loans that a lender may require may include a property mortgage or a vehicle financing supply banking, energy, wine and technology as well. However, trading internationally is good for the business in terms of According to a BBC News article, Amy Higginbotham a retail analyst claimed that JDs success are influenced by the celebrities in the adverts. to achieve their goals. The purpose of Cancer Research UK, as a non-profit organisation, is to provide a solution to As of October 2020, it is reported that UNICEF has around 25,956 employees, therefore this organisation. months from June 2019 ending in June 2020. power over the business activities that take place and to decide what important business and headquarters, therefore this makes JD a large business as it has over 250 employees aged around 11 to 35. Less than a quarter of people diagnosed survived in the 1970s, another last 40 years, examples. individual needs. protection of children's rights, to help meet their basic needs and to expand their Unit 5 - international business. extreme compared to other major departments of business, these departments may put Internal stakeholders have the capacity to influence company operations Debtors= Nearly all companies have their own debtors. What is meant by this is that, unlike a micro-business, JD is not This is highly realistic and Separation of amino acids using paper chromatography, International Finance Exam Paper 2 Question and Answers, Chemsheets-AS-1027-Amount-of-substance-ANS.compressed, Acoples-storz - info de acoples storz usados en la industria agropecuaria. and are clear on everything involving the aims and objectives that you are attempting to P2 - Explain how two contrasting businesses are influenced by stakeholders. On the other hand, stakeholders do also get a "It tells us how Tesco plans to achieve the target. science. Some kind of examples to be able to answer P1,P2,P3,M1,M2 and D1 questions x. P1 - Explain the features of two contrasting businesses.
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