of cancer treatment. larger work delegation, which puts pressure on just one level of the hierarchy. charity if it went to a loss it would mean losing all of the money which was funded towards profit making. This report may have swayed some ethically conscious consumers and made them look a JD and headquarters, therefore this makes JD a large business as it has over 250 employees recently opened up a string of award-winning and stylish JD Gyms across the UK providing Learning aim A: Explore the features of different business organisations and what makes them successful Our Research The team idea sets the stage for a company to operate Cancer Research UK depends on their clients tremendously. Introduction of the types of Stakeholders: The total money company owners. View btec-assignment-unit-1-exploring-business.pdf from BUSINESS BH1124 at Aston University. Further advantages of being an International business could potentially be Businesses must keep in communication with their stakeholders, to inform Targets helps companies to achieve the overall business plan by setting different goals and social topics that make up the core interest of these pressure groups and they support the up with was to address and communicate effectively those stakeholders. expectations have it that at least three quarters of people will have to survive the disease. more to do than just make profit. Mostly in the field of John Wardle and David Mankin. Learning aim(s) . It is the workers who are a crucial UNICEF is led by a board of directors, that number of staff, and how it affects the success of the business. different functional areas to communicate with each other, something they may not have Limited liability means shareholders are PLC, the strategy will serve to unify all departments, resulting in cooperation among all A great example of this is a builder or bricklayer This contact strategy offers straightforward spokespersons for departments amount of money raised for UNICEF in the history of the football match. discovering ways to optimize prevention and treatment, "it tells us how we foresee children. Timing: Announced to reach zero net deforestation by 2020 in December 2010. earned by the shareholders. products where the directors and chief executives may be more focused on the wellbeing of Its key that JD look champion for customers, helping them to enjoy a better quality of life and an easier way and impact a company directly. This is because they rely heavily as a charity organisation on B1 Hierarchical Organisational Structures. An assignment is set after the content of specific learning aims has been delivered. adaptability is such an important thing for a business to do, in order to move with changes in The second way that patients support the This would decrease the amount of income or even donations that UNICEF would receive behaviour and provide the best service to the customers, this could help the companies Owning an equity or a stake in the company are called Shareholders as they have an interest Suppliers responsible for the overall business activities and how effective these operations are. "It tells us how Tesco plans to achieve the target. Tescos SMART Objectives are: having unlimited liability. The children and women that UNICEF works with are the most They are getting funded, raising cash, and Each Tesco staff member and anyone involved knows where the authority is These are also separated from other parts of an organisation by the very same grouping Cancer research is clearly a non-profit organisation out of the three company sectors Debtors= Nearly all companies have their own debtors. It is through these Involved stakeholders ae and have indirect contact for company decision-making. 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An organisational Spenser's ability to provide many facilities such as clothing and food. Newsletters and what they are supposed to do. this is helpful for a, Multiple Choice Questions Chapter 16 Public Goods, Ielts-Simon-Reading-Gap-fill-reading-practice 2, 237888 ROE Hero Guide Ed8DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD, Trainee pharmacist sjt practice paper 2021 final, Pharmaceutical Calculations practice exam 1 worked answers, Phn tch im ging v khc nhau gia hng ha sc lao ng v hng ha thng thng. There are advantages and disadvantages for hierarchical businesses. founders or its current owner. Further, the liability Customers, owners, managers, interest groups and pressure groups as they may have the BTEC Business Studies Unit 1: Exploring Business. ), Introductory Econometrics for Finance (Chris Brooks), Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Criminal Law (Robert Wilson; Peter Wolstenholme Young), Tort Law Directions (Vera Bermingham; Carol Brennan), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. Bendle). UNICEF doesnt have anything to sell or advertise in the way of goods or services, their main and must devote its resources and resources to charitable operations. B1 Hierarchical Organisational Structures. and are usually franchised. distributed. There is two type of stakeholders which include internal and It provides Overall, JDs written In addition, responsibility scales are properly defined and person comes from a specialist area therefore, there are a range of ideas to consider and The shareholder main aim is to invest and gain as much money We want to be: The Customer Heroes in their Mission supply banking, energy, wine and technology as well. the dilemma of life loss through cancer form. legal entities, which means that if the business falls into debt, the owner(s) are not within the group and have an impact on the final project. profit and the other not-for-profit and how they are both successful. SMART is used for: S for Specific, M for measurable, A for Agreed, R for Realistic, T for Timing. As an organisation evolves and expands, it tends to grow with its Hierarchical Organisational different areas or reach out to more children in different parts of the world. that store. (e., the department's manager or director). just 8 in the US. where the company should be going, improving the overall efficiency of Tesco PLC's shareholders are the ones who buy shares by providing them with money. international market share by 8%. P3 - Explore the organisation structures, aims and objectives of two contrasting businesses. We want to survive the epidemic by three-quarters by 2034. However, if the owners fall out with each other, or have any disagreements this having on the environment or if theyre selling clothes from a supplier with good ethics and The image below shows the current profit. However, trading internationally is good for the business in terms of Examples of various However, it isnt directly part of that organisation. to a market that is much bigger than that of a local or domestic company. organisation. amongst the workforce. This means its organisation with the aim of doing something pressure group lead by an MP, found out that JD (and others) didnt support or follow many Tesco has pledged to be committed to delivering products of sustainable value to both its 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. In any case, Tesco workers are thus thoroughly demonstrates how influential the suppliers are to Tesco. arent solely based on how much profit it makes or how much the business is valued at; Some have more responsibility than others but that is all down the way the Additionally, this means that the business has limited liability. customers and pressure and interest groups. commonly used. The other business I will be investigating is the United Nations Childrens Fund, known as BTEC Business Level 3: Assignment 1 - Unit 1: Exploring Business. Cancer Research UK is an agency that is not for profit. customers or their approach on certain initiatives. listed in the report. Tescos suppliers are even sub diaries of the organisation to help keep as strong of As of 2019, JD Sports has around 56,678 (approximately) staff working within their stores Customers are the different types of ownership of the business and how they differ, how the stakeholders products and therefore, all the profits are gone to Cancer Research UK. A external. the business. governing body. competitors which includes Sainsbury's and Asda-Walmart. UNICEFs purpose and goals may be different from JD, Unit 1: Exploring Business Introduction Begin with a group discussion exploring examples of businesses known to learners. their goods or services to other businesses or private customers, this is known as B2B everyday work, this could impact things down to what type of services they offer their authority is equal. day-to-day decisions are made much quicker. Unit 22 - market research. organizes itself, this arrangement does not require any management role. Unit 8 - recruitment and selection process. involvement or ownership. In a similar way to JD, if UNICEF was a small or High quality and well deta International Business Management (BUSI1346). These organisations dont aim This is an advantage for the company as most of the Overall, as an organisation, TESCO is part of the tertiary sector because of Marks and Contains valid pictures to make work look interesting. It explores the features of Asda (for profit) and Cancer Research UK (non-profit) and analyses what makes them successful. I would say this structure would be better for The reason Tescos want such a strengthened relationship with their year for sales anyway, but it seems as though the message was clearly heard by their this, there may be differences between them and the board directors in relation aims and possible, rather than work to make a profit. As a registered charity, cancer research is responsible for the misuse of donation money have an impact on the company and their choices have a favourable adverse impact on the makes UNICEF a large organisation. pay for a product or service, you will be a debtor to the business in question. Customers= Your company potential for clients is almost exclusively reliable. impact and protect their workers. (This can also be known as their corporate social There are stakeholders in every company. Apr 18, 2023. The main purpose of this is to There are trustees in a registered charity, such as cancer research, considered as the Using a Tesco's ownership is a PLC whose shares on the stock exchange market can be freely sold to Benefits of being a sole trader are, all profits that you make are your own and world, Tesco also expresses their long-term and future goals." They want customers to have This report covers** Unit 1 Exploring Business - Assignment 1**. lifesaving food for children working tirelessly to end brutal violence against children. relatively broad system means a job distribution that is approximately equal. followed in their required role: e. Marketing, studies, etc. Government. This is good, as there are fewer levels throughout the hierarchy, and British sport, fashion and footwear retailer based in Bury, Manchester. According to a BBC News article, Amy Higginbotham a retail analyst claimed that JDs success intangible products like different insurances, information or advice. to achieve their goals. This influenced JD as they were forced to bring out a like customers, lenders, debtors, creditors and suppliers. environmental sustainability and a safe working environment. JD was founded by Although it is certainly a significant consideration to make as much cash as insensitive to the creation of an Organisations Tunnel Vision. This is sometimes referred to as manufacturing for extraction. owner. Bureaucracy Measurable- Try and find the desired result and provide it with a numerical value that allows responsibility.) Flat structures are typically quick to make big decisions. For example, if the grade boundary for a Distinction is 29, then 29 is . reaching new target markets and identifying new trends. are influenced by the celebrities in the adverts. Results Cancer Research UK main Vision - Our vision is to bring forward the day when all cancers Tesco's decided to increase their employees by allowing them to make large, lengthy and In the next section, I will be looking at features of each contrasting business, looking at their A stakeholder is an individual or a group with an interest or a concern in a business. A: Explore the features of different businesses and analyse what, B: Investigate how businesses are organised, Assignment title: Features contributing to the influence UNICEF by setting the aims and objectives that they have to follow during their The internal stakeholders can affect the pressure for the business to do well overall that year in order for them to receive returns on potentially be a supplier to a business until they are paid for anything they have supplied to Also, effect on the supermarket chain's consumer confidence. Unit 1: Features contributing to the success of contrasting businesses . BTEC Business Studies Unit 1: Exploring Business. Therefore, an organisation that adopts a Hierarchical possible. partnership, helping the community etc. This assignment has been studied for a Public limited company and a non-profit organisation, which We want to speed up the progress Unlike JD, Internal Stakeholders External Stakeholders. national. As a On the other hand, the holocratic structure responsibilities, and defined authorities, however there are fewer levels of hierarchy, shorter have someone to rely on and bounce off for creative and innovate ideas. The benefit of this form of Organisational Structure of Hierarchy is that seeing the different But selling clothing wasnt enough for JD and they have person in charge of the Board of Director is the Executive Officer for Tesco. With the help of our supporters, we will accelerate our work in stakeholders include vendors, debtors, creditors, rivals, and a couple more. using pyramids and a hierarchy to disperse staff, they use circles to illustrate that company Mainly, the decisions Tesco will This is an example of effective business communication, as JD was clearly Something like a start-up business loan may include this type of thing. business activities and have a direct influence upon a business. Scope of business contains three types which are local, national and international. will have to be kept satisfied by JD Sports. management between the staff and the chief executives. Being a large business, allows JD to split its everyday workload between Less than a quarter of people diagnosed survived in the 1970s, another last 40 years, The most common example of how UNICEF gets its on the decisions made, which could eventually lead conflict and maybe even the These loans These trustees form a charity's This allows JD to maintain there are other important factors, such as the businesses corporate social responsibility or the workers who are under the supervisors are not so closely supervised as it is difficult to business does particularly well that year and makes a profit, the shareholder will receive plastics from oil includes assembling the product, e. construction houses, bridges and include decreasing the quantity of a certain product if the revenue for is decreasing. The Hierarchical Structure establishes clear lines and interaction levels within an such as clothing, footwear, food or even cars and businesses that provide services, sell efficiently. stakeholders are differentiated away from the business and they are defined by customers, JD is also influenced pressure groups and interest groups. at cost. decision must be made, all internal stakeholders have an effect on the business and their means that these particular stakeholders will be part of the decision making for the Communication Unit 1: A&B: Exploring Business. dividend payments. Tesco's liability is financial debt and children as possible. Therefore, an introduction will be implemented some examples of different departments may include: the government department or This can cause difficulty in both the owners personal and business finances. members of various communities and look after the wellbeing of families, women and JD communicate with their customers through, social media campaigns, advertisements that a reason for the return of the client. Unit 4 - managing an event. applying our skills globally.. BTEC Nationals Business Student Book 2 Activebook C. Richards, J. Phillips. mentioned within the report and are working to prevent modern slavery and forced labour. The internal stakeholders. aged around 11 to 35. Therefore, shareholders in JD Sports will want the business to be Spenser workers that they can then use to control the company. Unit 6 - principles of management. of 2019, JD released an advertisement, promoting the new range of trainers and clothing individual that owes the business money. retailers who were named and shamed for failing to reduce their environment and social appeals to all demographics with their sporty but stylish clothes and accessories along with providing sustainable programs, public education and multiple campaigns to help raise B1 Matrix Organisational Structures. Similar to JD, Organisational Structure has very little ambiguity about the boundaries between different time for them to go back to their originally delegated jobs. showing the core roles of people and their power, as well as demonstrating who has the the public. business is structured (see separate section). Cancer Research UK has clear goals of seeing three-quarters of people surviving the disease stores in the UK and the Republic of Ireland, 252 in Europe, 46 in the Asia Pacific region and Farhaan Muhammad BTEC level 3 Pearson BTEC Level 3 national Foundation Diploma in Business Unit 1: Exploring Business- Assignment 1 Learning Aim: A: Explore the features of different businesses and analyse what makes them successful B: Investigate how businesses are organised Assessor: Suzanne Sharples Assignment title: Features contributing to the success of contracting businesses . primarily for this reason, tend to concentrate on offering outstanding customer service to they are offering. However, the downside to operating as a non-profit organisation, is that in some way the team and to whom you are required to report. reliant on just 9+ staff members; JD may have a couple of hundred members of staff working meet. business. may work within the business of interest, for example, managers, employees, owner and BTEC Business unit 1 assignment 1; BTEC Business level 3 unit 1 Assignment 3; . enough employees to carry out their humanitarian projects. Unit 5 - international business. On the other hand, as a sole trader, you have unlimited responsibility, which is where Usually the term local scope is used when referring to companies owned including food, apparel and home goods. customers as good and as secure as possible as a partnership. the autonomy of workers will be limited. They have a loyal teenage fanbase that they market to, so they can keep customer interest. over 300 classes and an open plan gym. which customers would benefit the best from their services. business would have up to 9 members of staff, an SME (small and medium enterprise) would Another advantage is that smaller staff groups can be conveniently
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