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    Business Environment v2

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    saniqas
    This document provides the assignment for a BTEC Higher National Diploma in Business module on the business environment. It includes 4 tasks assessing the module's 4 learning outcomes relating to an organization's mission and stakeholders, the economic and social environment, market behavior, and international trade. Students must write a 4000-word report addressing the tasks and learning outcomes, with citations and references. Evaluation criteria specify requirements to achieve a pass, merit, or distinction grade.

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    Attribution Non-Commercial (BY-NC)
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    Business Environment v2

    Uploaded by

    saniqas
    719 views8 pages
    This document provides the assignment for a BTEC Higher National Diploma in Business module on the business environment. It includes 4 tasks assessing the module's 4 learning outcomes relating to an organization's mission and stakeholders, the economic and social environment, market behavior, and international trade. Students must write a 4000-word report addressing the tasks and learning outcomes, with citations and references. Evaluation criteria specify requirements to achieve a pass, merit, or distinction grade.

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    4. Business Environment v2

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    This document provides the assignment for a BTEC Higher National Diploma in Business module on the business environment. It includes 4 tasks assessing the module's 4 learning outcomes relating to an organization's mission and stakeholders, the economic and social environment, market behavior, and international trade. Students must write a 4000-word report addressing the tasks and learning outcomes, with citations and references. Evaluation criteria specify requirements to achieve a pass, merit, or distinction grade.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    719 views8 pages

    Business Environment v2

    Uploaded by

    saniqas
    This document provides the assignment for a BTEC Higher National Diploma in Business module on the business environment. It includes 4 tasks assessing the module's 4 learning outcomes relating to an organization's mission and stakeholders, the economic and social environment, market behavior, and international trade. Students must write a 4000-word report addressing the tasks and learning outcomes, with citations and references. Evaluation criteria specify requirements to achieve a pass, merit, or distinction grade.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 8

    RDI/EDEXCEL

    Level 5
    BTEC Higher Nationals

    Programme: Business

    Module: Business Environment

    Assignment

    Date for Submission: 29th October 2010


    Assignment set by Colin Price
    Learning Outcomes

    To achieve a pass in this unit the student must:

    LO 1 Identify the mission, objectives and responsibilities of an organisation


    within its environment
    LO 2 Investigate the economic, social and global environment in which
    organisations operate
    LO 3 Investigate the behaviour of organisations and the market environment
    LO 4 Explore the significance of international trade and the European
    dimension for UK businesses

    Task 1 – The mission, objectives and responsibilities of an organisation


    Learning Outcome 1 (1000 words)

    Choose an organisation with which you are familiar: either the one where you
    currently work, a previous employer or one for which you have access to the
    required information. For this organisation:

    a) Explain the organisation’s objectives and critically evaluate how these relate
    to its mission and values.

    b) List the organisation’s principal stakeholders. How are they able to influence
    and monitor its mission and objectives?

    c) How does the organisation ensure that its social responsibilities are met?

    Task 2 – The economic, social and global environment


    Learning Outcome 2 (1000 words)

    a) Explain the concept of the mixed economy using examples to support your
    answer. What do you conclude?

    b) Using examples, evaluate how government interventions in macro-economic


    policy can impact on levels of employment.

    c) Explain how your own country balances its policy requirements for social
    welfare with those for industrial and trade development.
    Task 3 – The behaviour of organisations and the market environment
    Learning Outcome 3 (1000 words)

    Choose an industry with which you are familiar: either the one in which you
    currently work, or another one for which you have access to the required
    information. For this industry:

    a) Identify three distinct areas in which new technologies have impacted on


    your industry. How have organisations responded to remain competitive?

    b) Explain the meaning of perfect competition. Evaluate the extent to which


    your chosen industry’s structure fits with your definition?

    c) Identify three regulatory mechanisms that are in force across the industry.
    How is compliance monitored?

    Task 4 – The significance of international trade and the European dimension


    for UK businesses
    Learning Outcome 4 (1000 words)

    a) Explain the implications of the European Working Time Directive (EWTD) for
    businesses operating in its member states.

    b) Describe and discuss the main cultural factors that would influence an
    international organisation starting to do business in your country

    c) Critically evaluate the impact of Economic and Monetary Union (EMU) on UK


    businesses.

    Student Guidelines

    1. You should write this assignment in report style, although a formal report
    structure will not be required.
    2. You should use diagrams and tables of figures where appropriate ensuring to
    reference their source.

    3. You should include a bibliography using the Harvard referencing system.

    4. All tasks must be completed in the word limit of 4000 words excluding table of
    contents, diagrams, references and appendices.

    Resources

    As well as the online courseware, you will find that the companion textbook
    includes a lot of useful information. You could also explore the EBSCO Business
    Source Elite resource available on iLearn.

    You may also wish to locate and use web sites relating to:

    • Organisations used as examples. These sites will often include: mission


    statements, statutory financial reports and statements relating to corporate
    social responsibility.
    • Industry regulators.
    • Consumer groups.
    • Media (e.g. bbc.co.uk and online newspapers) that cover business and
    economic topics.
    • The European Union.
    =
    Grading Criteria ~ Module 4 – The Business Environment
    To achieve a PASS GRADE the evidence must show To achieve a MERIT GRADE the evidence must show To achieve a DISTINCTION GRADE the evidence must
    that the student is able to meet all of the learning outcomes: that the student is able to: Show that the student is able to:
    LO 1 Identify the mission, objectives and M1 – Present and Communicate Findings D1 - Use critical reflection to evaluate your own
    responsibilities of an organisation within its • A clear and well-structured report work & justify valid conclusions
    environment • Use of Harvard referencing throughout
    • identify the mission, values and key objectives of M2- Identify and apply strategies to find • There is a high level of critical analysis and
    an organisation and assess the influence of appropriate solutions argument.
    stakeholders • Material is well-focussed • Theory and practice are well-integrated
    • evaluate the extent to which an organization • Discussions progress logically to clear • In depth analysis of the example organisation,
    achieves the objectives of stakeholders conclusions. using a range of frameworks leads to clear and
    • explain the responsibilities of an organisation and • The relationship between an organisation compelling conclusions.
    strategies employed to meet them and its operating environment is
    LO 2 Investigate the economic, social and global demonstrated through detailed analysis of D2 – take responsibility for managing and
    environment in which organisations operate the example. organising activities.
    • explain how economic systems attempt to allocate M3 – Select design and apply appropriate
    and make effective use of resources methods/techniques • Extensive use of quality information sources
    • discuss the impact of social welfare and industrial • Some evidence of reading beyond the • Assignment well-structured and presented
    policy initiatives on organisations and the wider basic course materials • Assignment is completed fully to deadline
    community • Ability to select and apply appropriate
    • evaluate the impact of macro economic policy theories and models to address the D3 – demonstrate convergent, lateral & creative
    measures and the influence of the global economy learning outcomes. thinking.
    on organisations and stakeholders • Ideas are evaluated for their validity & realism
    LO 3 Investigate the behaviour of organisations and in the context of the organisation or industry
    the market environment • Understanding of limitations of theories and
    • explain how market structures in practice deviate models that are applied.
    from the model of perfect competition
    • use a range of examples to illustrate the
    relationship between market forces and
    organisational responses
    • explain the behaviour and competitive strategies
    employed by an organisation and discuss the role
    of the Competition Commission and regulatory
    bodies
    LO 4 Explore the significance of international trade
    and the European dimension for UK
    businesses
    • discuss the importance of international trade,
    economic integration and global markets to
    business organisations
    • analyse the impact of policies of the European
    Union on business organisations
    • explain the economic implications of entry into
    EMU
    The work adequately covers the descriptive elements of
    the brief but little attempt has been made to analyse or
    evaluate the information presented.
    There is little discussion of what has been found through
    research with limited application of research to practice.
    Performance Criteria

    Each unit will be graded as a Pass, Merit or Distinction. A pass is awarded for the achievement of all outcomes against the
    specified assessment criteria. Merit and Distinction grades are awarded for higher-level achievement.

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