organisations and behaviour

Assignment Regulations
1 Learners are required to submit their work using the LSBF Assessment
cover sheet.
2 You are required to submit your assignment electronically on
3 If you need an extension (even for one day) for a valid reason, you must
request one, using a reasonable adjustment form available from the Academic
Admin Office. Do not ask the lecturers responsible for the course – they
are not authorised to award an extension. The completed form must be
accompanied by evidence such as a medical certificate in the event of you being
sick.
4 General guidelines for submission of assignment:
a) All work must be word-processed and must be of “good” standard.
b) Document margins shall not be more than 2.5cm or less than 1.5cm
c) Font size in the range of 11 to 14 points distributed to including headings
and body text. Preferred typeface to be of a common standard such as Arial
or Times New Roman for the main text.
d) Any computer files generated such as program code (software), graphic
files that form part of the course work must be submitted either online or
with the documentation.

Unit Title: Business Environment

Edexcel Assessment Brief Front Sheet Assessor Name: Eric Dwamenna, Aaradhaha Sharma, Charles Barfi, Ramesh Khadka, Anthony Osei-Owusu Date Issued: 24 January 2014 Qualification: BTEC Level 5 Higher National Diploma in Business Unit Title: Business Environment Rules and regulations: Plagiarism is presenting somebody else’s work as your own. It includes: copying information directly from the Web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the procedures set down by LSBF. Please see your student handbook for further details of what is / isn’t plagiarism.

Internal Verifier Name: Sherylann Ramsaran Hand in Date: 4 May 2014

Assignment Regulations 1 2 3 Learners are required to submit their work using the LSBF Assessment cover sheet. You are required to submit your assignment electronically on MyPage –

mypage.mylsbf.com
If you need an extension (even for one day) for a valid reason, you must request one, using a reasonable adjustment form available from the Academic Admin Office. Do not ask the lecturers responsible for the course – they are not authorised to award an extension . The completed form must be accompanied by evidence such as a medical certificate in the event of you being sick. General guidelines for submission of assignment: a) All work must be word- processed and must be of “good” standard. b) Document margins shall not be more than 2.5cm or less than 1.5cm c) Font size in the range of 11 to 14 points distributed to including headings and body text. Preferred typeface to be of a common standard such as Arial or Times New Roman for the main text. d) Any computer files generated such as program code (software), graphic files that form part of the course work must be submitted either online or with the documentation.

Unit Title: Business Environment

Learning outcomes and assessment criteria

In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades

Unit Title: Business Environment

Grade Descriptor M1 an effective approach to study and research has been applied relevant theories and techniques have been applied

Indicative characteristic/s Effective judgments have been made. An effective approach to study and research has been applied, through a clear

Contextualisation This will be clear by the contents of the results that are produced. In order to achieve M2, M3 , D1and D2, this needs to be in place, as if it isn’t, then the evidence required for them will not be in place without M1. It sets the process and also the level of research that needs to be carried out. There should be a clear link between the points/issues being used/raised, with the source of information, the level of interpretation and in context to the topics being discussed. The work used from sources, needs to be referenced and also used in context to the work. Your work should be able to be read by anyone and there be an understanding of the contents. An investigative piece of work will require you to be able to put across the results in an appropriate format that is best suited for the purpose – clear headings and clear structure. To achieve D1 you will have drawn conclusions that link towards the theories/policies and demonstrate that you have been able to use objective writing to put across the key point/arguments/issues that have been raised throughout the work

M2: The research carried out shows full Harvard referencing within the work.

There should be a full bibliography as well as clear evidence and full use of Harvard Referencing as a clear indicator of the research that is required at this level.

M3 Present and communicate appropriate findings

Communication is appropriate for familiar and unfamiliar audiences and appropriate media have been used.

D1 Use critical reflection to evaluate own work and justify valid conclusions A high level of critical thinking/analysis has taken place throughout the research task.

D2 Has developed the ideas to a deeper level of understanding, application and analysis, to be able to provide accurate/relevant judgements/opinions.

To achieve D2 you will have demonstrated an effective approach to independent research and This will apply to all of this investigative research project, and you study and will have met the deadline to submit the will need to be able to go through all the levels of taxonomy to allow tasks and achieve the unit assessment criteria. for all the assessment criteria to be concluded effectively. Conclusions have been arrived at through synthesis of ideas and have been justified

Unit Title: Business Environment

Task 1 – Individual written report Select one local charity and one national large business (large PLC or Ltd.) and prepare a report addressing the following: (a) Identify and describe the purpose and ownership before linking these to the size and scale of each organisation. Compare and contrast these two businesses. AC 1.1. (b) Describe the different stakeholders who influence the purpose of the two businesses and the extent to which an organisation meets the objectives of different stakeholders. AC 1.2. (c) Explain the responsibilities of both organisations and strategies employed to meet them. AC 1.3.

Hints: Categories of organisation: legal structure; type e.g. private company, public company, government, voluntary organisation, co-operative, charitable; sector (primary, secondary tertiary) Purposes : mission; vision; aims; objectives; goals; values; profits; market share; growth; return on capital employed (ROCE); sales; service level; customer satisfaction; corporate responsibility; ethical issues Stakeholders: owners; customers; suppliers; employees; debtors; creditors; financial institutions (banks, mortgage lenders, credit factors); environmental groups; government agencies (central government, local authorities); trade unions Responsibilities of organisations : stakeholder interests; conflict of expectations; power influence matrix; satisfying stakeholder objectives; legal responsibilities e.g. consumer legislation, employee legislation, equal opportunities and anti-discriminatory legislation, environmental legislation, health and safety legislation; ethical issues e.g. environment, fair trade, global warming, charter compliance e.g. Banking Code Task 2 – Individual written report Scenario The dominant aspects of an organisation’s environment are assumed to exist in and around the industry, or industries, in which a firm competes. Thus, for strategic decision-making there is no such thing as ‘the’ environment -if the work ‘environment’ is taken to mean a single, holistic entity. Instead, organisations may confront multiple environments, each with its own characteristics and pivotal competitive issues. Environmental variables exert significant influences on corporate performance. According to Grant (1997) these environmental variables are critical determinants of threats and opportunities a c ompany will face in the future. The complexity of the environment is heightened by the fact that change is a regular feature of these environmental variables and they are also in constant interaction. The demand on management, therefore, is to establish a framework for understanding this complex web of interaction and changes in order to survive (Wendy, 1997). Therefore, managers’ task of influencing the rate and direction of change within their organisation becomes an uphill task if the enterprise is ignorant of the events and trends outside the organisations. The fact is that managers’ perception and scanning of business environment are crucial for the formulation and attainment of corporate goals and objectives.

Unit Title: Business Environment

According to Grant (1997) a firm’s enviro nment can be regarded as all external influences that impinge upon the firms’ decision and performance. Extant literature’s view of business environment is not significantly different, for example, Ducan (1972) defined business environment as all factors outside an organisation that are taken into considerations by the organisation in its decision making. Business environment is usually classified by source or proximity. Bourgeoise (1980) segregated the environment to general (macro) and task (micro) environment: both have implications for the organisation, especially in strategy formulation and adaptation and consequent performance. Select one national large organiSation (large PLC or Ltd.) and prepare a report addressing the following: (a) Explain how economic systems attempt to allocate resources effectiv ely. AC 2.1. (b) Assess the impact of fiscal and monetary policy on business organisations and their activities AC 2.2. (c) Evaluate the impact of competition policy and other regulatory mechanisms on t he activities of a selected organisation AC 2.3. (d) Explain how market structures determine the pricing and output decisions of businesses AC 3.1. (e) Illustrate the way in which market forces shape organisational responses using a range of examples AC 3.2. (f) Judge how business and cultural environments shape the behaviour of a selected organisation AC 3.3. Hints: Economic systems : the allocation of scarce resources; effective use of resources; type of economic system e.g. command, free enterprise, mixe d, transitional The UK economy : size (gross domestic product, gross national product); structure; population; labour force; growth; inflation; balance of payments; balance of trade; exchange rates; trading partners; public finances (revenues, expenditure) ; taxation; government borrowing; business behaviour e.g. investment, objectives, risk awareness; cost of capital; consumer behaviour; propensity to save; propensity to spend; tastes and preferences Government policy : economic goals; fiscal policy: control of aggregate demand; central and local government spending; Public Sector Net Borrowing (PSNB) and Public Sector Net Cash Requirement (PSNCR); euro convergence criteria, monetary policy; interest rates; quantitative easing; private finance initiative (PF I); competition policy (up-to-date legislation including Competition Act 1998, Enterprise Act 2002); Competition Commission, Office of Fair Trading; Directorate General for Competition); European Commission); sector regulators e.g. Ofgem, Ofwat, Civil Avia tion Authority; Companies Acts; regional policy; industrial policy; enterprise strategy; training and skills policy Task 3 – Individual report According to the article written by Gavin Thomson and published by the Commons library Standard on 18 September 2013, EU membership influences the UK economy in a number of ways. The most important effects arise through the Single Market, the programme of economic integration through which the EU’s ‘four freedoms’ are guaranteed. But the economic impact of the EU is felt in other areas of its policy, too. The EU has exclusive competence to negotiate trade and investment agreements with countries

Unit Title: Business Environment

outside the Union; and it is a customs union with a common external tariff on imported goods. Membership thus profoundly af fects the UK’s trade relations with non -EU members. There are also fiscal consequences to membership as a result of the UK’s contributions to the EU budget. Consumer prices are affected through the Common Agricultural Policy and common external tariffs levied on imports. And the fact of EU membership may also influence decisions made by foreigners about whether to invest in the UK. Prepare a report addressing the following: (a) Discuss the significance of international trade to UK business organisations . AC4.1. (b) Analyse the impact of global fact ors on UK business organisations AC4.2. (c) Evaluate the impact of policies of the European Union on UK business organisations AC4.3. Hints: Market types : perfect competition, monopoly, monopolistic competition, oligopoly, duopoly; competitive advantage, strategies adopted by firms; regulation of competition Market forces and organisational responses : supply and demand, elasticity of demand; elasticity of supply; customer perceptions and actions, pricing decisio ns; cost and output decisions; economies of scale, the short run; the long run, multi-national and transnational corporations; joint ventures, outsourcing; core markets; labour market trends; employee skills, technology; innovation; research and developmen t; core competencies; business environment (political, economic, social, technical, legal, environmental); cultural environment Global factors : international trade and the UK economy; market opportunities; global growth; protectionism; World Trade Organisation (WTO); emerging markets (BRIC economies – Brazil, Russia, India, China); EU membership; EU business regulations and their incorporation in to UK law; EU policies e.g. agriculture (CAP), business, competition, growth, employment, education, economics and finance, employment, environment, science and technology, regional); labour movement; workforce skills; exchange rates; trading blocs (e.g. monetary unions, common markets; customs unions, free trade areas); labour costs; trade duties; levies; tariffs; customs dues; taxation regimes; international competitiveness; international business environment (political, economic, social, technical, legal, environmental); investment incentives; cost of capital; commodity prices; intellectual property; climate change e.g. Kyoto Protocol, Rio Earth Summit; third world poverty; the group of 20 (G-20); global financial stability.
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