{"id":5792,"date":"2023-11-17T06:42:38","date_gmt":"2023-11-17T06:42:38","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=5792"},"modified":"2023-11-24T07:38:46","modified_gmt":"2023-11-24T07:38:46","slug":"m-617-1145-business-environment-assignment-answers","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/m-617-1145-business-environment-assignment-answers\/","title":{"rendered":"M\/617\/1145 Business Environment Assignment Answers"},"content":{"rendered":"

M\/617\/1145\u00a0 Business Environment Assignment Task Answers<\/strong><\/h2>\n

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Scenario <\/strong><\/h3>\n

You have gained an internship with the Confederation of British Industry (CBI), an organisation that supports UK businesses through its London office and a network of regional offices. You are working in a regional office in an area of high unemployment and the CBI has been approached to offer a series of lectures and seminars to support business development in the area.\u00a0 Some of the lectures and seminars will be aimed at those wishing to set up businesses; others will be aimed at established businesses, which may benefit from a more \u2018global\u2019 outlook.<\/p>\n

You have been given the following tasks:<\/p>\n

Task 1<\/strong> \u2013<\/h3>\n

You are to produce an informal talk\/workshop for people who are considering setting up their own business.
\nPrepare a presentation about the purposes of business organisations with supporting notes. Use hand-outs to provide detailed information which you can distribute to your delegates. Your presentation and supporting notes and \/ or hand-outs must:<\/p>\n

(A)<\/strong> Explain the different types of organisations and discuss their purposes.(AC 1.1 & 1.2)
\n(B)<\/strong> Analyse responsibilities of organisations.(AC 1.3)<\/p>\n

This provides evidence for LO1: ACs 1.1, 1.2, 1.3<\/strong><\/p>\n

Merit Task<\/u><\/strong><\/h3>\n

To achieve a Merit, your presentation and supporting materials must also analyse the extent to which a specific organisation meets its stated purposes.\u00a0 You may select an organisation where you have worked or one that you will research. (AC 1M1)<\/p>\n

This provides evidence for LO1: AC 1M1<\/strong><\/p>\n

Task 2\u00a0 –<\/strong><\/h3>\n

One of the seminars will focus on the structure of organisations.\u00a0 You are in charge of this seminar.<\/p>\n

(A)<\/strong> You will start by writing a discussion paper on the different organisational structures. This will be the first part of a handout package to be delivered to the participants.\u00a0 In the paper you must evaluate the different types of organisational structures.(AC 2.1)<\/p>\n

(B)<\/strong> Secondly, you must prepare short case studies to be distributed to each of the five tables at the seminar. Each case study should explain the functions of different departments in organisational structures and their inter relationship. (AC 2.2)<\/p>\n

(C)<\/strong> Thirdly, you should write an article for the delegate handout pack evaluating the influence of global factors on organisational structures. (AC 2.3)<\/p>\n

This provides evidence for LO2: ACs 2.1, 2.2, 2.3<\/strong><\/p>\n

Distinction Task \u2013<\/strong><\/h3>\n

To achieve a Distinction, your handout package must include assessment of the organisational structure of a selected existing organisation. The critical assessment should identify areas for improvement, either with regards to specific structural elements or to their inter relationships. \u00a0\u00a0\u00a0(AC 2D1)<\/p>\n

This provides evidence for LO2: AC 2D1<\/strong><\/p>\n

Task 3 \u2013<\/strong><\/h3>\n

A day\u2019s conference and networking opportunity has been set up for local business leaders who may be interested in government support and local partnerships.
\nYou have been asked to project manage the event and have arranged for experienced local business leaders, as well as local government representatives to present specific workshops.
\nYou are required to prepare a written paper which will be sent to the local business leaders before the event and discussed during the conference. Your written paper needs to:
\n(A)<\/strong> Analyze the impact of supply and demand on the prices of goods and services in markets.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (AC 3.1)
\n(B)<\/strong> Analyse possible planned interventions in the market place and their impact on organisations. (AC 3.2)<\/p>\n

This provides evidence for LO3: ACs 3.1, 3.2<\/strong><\/p>\n

Merit Task<\/strong><\/h3>\n

To achieve a Merit, your paper must include an assessment of the response of a selected organisation to changes in its market. (AC 3M1)<\/p>\n

This provides evidence for LO3: AC 3M1<\/strong><\/p>\n

Task 4 \u2013<\/strong><\/h3>\n

You must provide a leaflet which will help participants in the lectures and seminars pursue their business ideas.<\/p>\n

The leaflet should be titled \u2018The nature of the national environment in which organisations operate\u2019.<\/p>\n

You must ensure that the sections in the leaflet include:<\/p>\n

(A)<\/strong> An explanation of the importance of national entrepreneurship strategy.(AC 4.1)<\/p>\n

(B)<\/strong> An explanation of the role of monetary and fiscal policy and the possible impact on organisations and their activities.(AC 4.2)<\/p>\n

(C)<\/strong> An evaluation of the impact of competition policy and other regulatory mechanisms on the activities of a specific organisation.(AC 4.3)<\/p>\n

This provides evidence for LO4: ACs\u00a0 4.1, 4.2, 4.3<\/strong><\/p>\n

Distinction Task \u2013<\/strong><\/h3>\n

To achieve a Distinction, your leaflet must include a case study which compares and contrasts the benefits and challenges to a specific business operating in different economic environments. (AC 4D1)<\/p>\n

This provides evidence for LO4: AC 4D1<\/strong><\/p>\n

Indicative Content<\/strong><\/h3>\n
    \n
  1. Understand types of organisations and their purposes.<\/strong><\/li>\n<\/ol>\n

    Types of organisations<\/u><\/strong><\/p>\n

      \n
    • Including private, public, government, voluntary, charitable<\/li>\n<\/ul>\n

      Purposes<\/u><\/strong><\/p>\n

        \n
      • Including profit, growth, return on investment (ROI) sales, service customer satisfaction,\u00a0corporate responsibility, ethical, environmental and social responsibilities, expressed though\u00a0vision, mission, aims and objectives, long and short-term goals, values, culture<\/li>\n<\/ul>\n

        Responsibilities and strategies<\/u><\/strong><\/h3>\n
          \n
        • Responsibilities: meeting legal requirements of country or countries in which it is operating (e.g.\u00a0consumer legislation, employee legislation, equal opportunities and anti-discriminatory\u00a0legislation, environmental legislation, health and safety legislation) safety of products and\u00a0services offered, ethical practices, meeting stakeholder interests, dealing with potential conflicts\u00a0of interest.<\/li>\n
        • Strategies to meet responsibilities: e.g. producing and implementing business policies and procedures, utilizing quality assurance mechanisms, compliance, communication, timely response, satisfying stakeholder objectives, taking account of business and organisation rivals and competitors, dealing with conflicts of interest, recruitment of expertise.<\/li>\n<\/ul>\n

          Meeting objectives of different stakeholders<\/u><\/strong><\/h3>\n
            \n
          • Stakeholders: including internal and external stakeholders, e.g. financial institutions, other\u00a0lenders, debtors and creditors, owners\/managers\/employers, customers and clients,\u00a0employees, government, trade unions, suppliers, community.<\/li>\n
          • Objectives: including financial, corporate, social, ethical and environmental, achieve business\u00a0plan e.g. meet customer demand through production\/sales of products and services, ensure\u00a0repeat business through standards of service, ensure commitment of suppliers through\u00a0payment agreements, generate profit for owners, and meet environmental objectives.<\/li>\n
          • Potential conflict between objectives of differing stakeholders.<\/li>\n<\/ul>\n
              \n
            1. \n

              Understand the structure of organisations.<\/strong><\/h3>\n<\/li>\n<\/ol>\n

              Organisational structures<\/u><\/strong><\/p>\n