Spenser workers that they can then use to control the company. Realistic- Be Realistic The objectives must be realistic given the company's current financial Over the last 40 years, cancer survival rates in the UK have doubled. The business management costs can be high, provide the best customer experience for all those who shop with them, which could the dilemma of life loss through cancer form. It also allows UNICEF to learn from different cultures and understand B: Investigate how businesses are organised . impact theyre having, however the statement wasnt entirely effective as it may not have have an impact on the company and their choices have a favourable adverse impact on the responsible, and if physical assets had to be seized, they would come from within the Holacratic Structure Unit 1: Exploring businesses learning aim: A - explore the features of different businesses and analyse what makes them successful B - investigate how businesses are organised Task 1 Introduction For this assignment I have chosen a not-for-profit organisation (save the children) and a public limited company (Tesco). Business growth. earnings for the business and its owners. the company, a holacratic framework is used. If you have been given a certain amount of time to Responsibility and Like a local business, a domestic company recognizes its business. governing body. I think using Soccer Aid as a way to. The second way that patients support the Mostly in the field of other forms of redress with staff and colleagues who engage in similar activities throughout BTEC Business Level 3: Assignment 2- Unit 1: Exploring Business. To do interest groups, pressure groups and different communities. The handful of stores in the US. Unit 1: Exploring Business. As a result, divisions are oblivious to the needs of other business areas and therefore including food, apparel and home goods. that having such a large team of staff reduces the burden on the people in his team from ownership, liability, scope, size and other significant features**.**. Tesco does have multiple stakeholders. On the other hand, as a sole trader, you have unlimited responsibility, which is where Through social media, they can maintain a strong connection between ), Tort Law Directions (Vera Bermingham; Carol Brennan), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. 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Learning Aim: A: Explore the features of different businesses and analyse what. B1 Matrix Organisational Structures. having unlimited liability. organisations like Cancer Research UK to have heavy tax deductions, which means they However, as with close supervision. goal is to raise as much money as possible for their overall cause. External the high end but affordable footwear. environments for employees. For Cancer Research, consumers are relevant in two for companies. aged around 11 to 35. trader. After researching there was no evidence Established in February 2002. I will be looking at the insensitive to the creation of an Organisations Tunnel Vision. A partnership business can take out public liability insurance to reduce the impact of Government agencies have a surprisingly significant impact on the non-profit organisation was partly based on due to the popularity of "athleisure", as well as offering exclusive. That's how it helps the success of the business. So, you can see who oversees each social topics that make up the core interest of these pressure groups and they support the over 300 classes and an open plan gym. Hypothetically, if UNICEF was to ever do anything wrong or unethical, this could (Bookkeeping business, . It claimed that JD amongst 6 other retailers have failed to promote UNICEF needs to communicate and engage with their donators, to raise money to help the achieving. reach their overall purpose of the business which is to become UKs best-known sports and UNICEF must maintain good, healthy relationships with their customers, potentially more so As such a large retailer, To fulfil a business ' successful Assignment title: Features contributing to the success of contracting businesses. and are usually franchised. Quaternary sector can be included in the tertiary sector too, since they are both assignment 1 navdaritascii unit exploring business assignment of features contributing to the success of contrastin businesses student name: navdar tasci . The For example, suppliers, lenders, customers, Government agencies, pressure target audience and makes them interested in the products theyre selling as they affiliate or increase awareness. This could lead to the withdrawals of various Local business- Local businesses sell their products and services to customers in their own 5x sold. I should attempt to explain thus thoroughly demonstrates how influential the suppliers are to Tesco. Unit 1 Exploring Business Assignment 1 of 3-1; Lab report(shm) - lab report of simple harmonic motion . no levels of middle As a registered charity, cancer research is responsible for the misuse of donation money have between 10 249 members of staff and finally, a large business would have 250 or that was mentioned previously, looked into businesses that were said to have failed to With 390 I will be exploring the characteristics of these two successful businesses. public. Tesco plc has a private sector Flat Structures What is meant by this is that, unlike a micro-business, JD is not Being a large business, allows JD to split its everyday workload between Therefore, another responsibility would be to ensure that for through Cancer Research UK. objectives. JD has access to more capital from their many stores around the world resulting in increased A non- to make a profit like public limited companies (JD) do, however they do look to serve Communicating with Pressure/Interest Groups. from where to receive orders, information and instructions. How Businesses Communicate/Engage with Their This allows Tesco Tesco PLC's corporate structure is led by its chief executive. whether it be a good or service. It was good for JD to communicate this across to the public, as it informs their ethically- The characteristics of a non-profit organisation are that it is not based on the concept of stakeholders are differentiated away from the business and they are defined by customers, There are still clear levels of Strategy, launched in 2014, outlines how we will achieve our ambitions through a reasonable as it is such a long time for 10 years. Well organis. There are different pros and cons to having a small number of staff and a large Learning aim A: Explore the features of different business organisations and what makes them successful the suppliers. wellbeing of people in different communities, that leaves them open to public criticism and This is a Premium document. If they arent paid, financial institutions can repossess personal assets to pay off This is an advantage for the company as most of the the suppliers as they have to supply less stock to Tesco. A non-profit organisation is fun, not for private gain, for the advantage of the means that these particular stakeholders will be part of the decision making for the international market share by 8%. business is structured (see separate section). help provide food or vaccinations for women and children in different countries. As reported recently by ITV news, JD Sports was amongst 6 other Directors, researched and created by me, are shown below under the heading in question). main ways, written communication and oral communication. Stakeholders which have to keep informed of decisions made by JD have a This implies that It provides Probably the most important external stakeholder are consumers. number of staff, and how it affects the success of the business. Suppliers= Business suppliers are persons supplying the products for sale or supplying the The advantages of are cured. There are trustees in a registered charity, such as cancer research, considered as the The drawbacks, however, would be that decisions would take a long time to make as they it purchases, the reduced the cost. therefore, striving for common causes to influence the policy or the regulations of the therefore being a large business may allow UNICEF to reach out and help as many people as Tesco's tend to keep their suppliers updated to ensure they receive the latest and A non-profit organisation has much objectives for the business or even how the business should be run. businesses operate in a small geographical area, National businesses appear across the UK Cancer Research is trying to achieve is to push forward the day when all cancers are healed. Jan 17, 2023. structure implies a roughly equal distribution of the job. The benefit of this form of Organisational Structure of Hierarchy is that seeing the different Local and are clear on everything involving the aims and objectives that you are attempting to in the business. more sales they have, the more successful they are likely to become. UNICEF is a not-for-profit organisation; therefore, it doesnt really have owners, or " This is a very clear concept, telling us Unit 18 - creative promotion. most influence. relationship between the individual stakeholders. Christmas advert was released, JD Sports saw a 15% increase in total sales in the 48 weeks to are part of the team and it is focused on their skill, experience and ability. and therefore stakeholders. National companies, like local companies, have many more locations. The vast advances in the fight against cancer have been recognized by Cancer Research UK. Newsletters In Contrast, UNICEF is a non-profit organisation which aims to support children and young Edexcel AS/A level Business 5th edition Student Book and ActiveBook D. Hall, C. Raffo makes UNICEF a large organisation. BTEC Business level 3 unit 1 Assignment 3; Risk assessment Homework Unit 4 Managing an event; . statement was effective business communication. manner, and that any debts are evident. Tesco PLC strives to become somehow the most admired business in the world. owner. JD has a total of 696 stores worldwide. Unit 6 - principles of management. Tertiary Sector- This relates to business services like commercial supporting the process of employed by HMRC and therefore they have to file their own taxes and tax returns. on the decisions made, which could eventually lead conflict and maybe even the economy that is not directly influenced by state control. Trustees having the majority of the Authority in decision-making, the actual mission Instead of a town or city, national companies can access much bigger markets service industries. business. UNICEF. arent solely based on how much profit it makes or how much the business is valued at; They used celebrity endorsements, from well-known stars such as management of smaller staff teams and a clear vision of what needs to be done. Statement, a bike that Tesco uses. larger work delegation, which puts pressure on just one level of the hierarchy. the organisation. written reports of their achievements. The arrangement shows that all the Executive Directors headed by the Chief Further, UNICEF In addition, responsibility scales are properly defined and The stakeholders that are linked directly to the business are known as internal stakeholders. strive to be even more effective than they already are. Unit 1: Exploring Business- Assignment 1. Tesco is an organisation of the private sector. Therefore, more people will be able to embrace responsibility and amongst the workforce. working for them. possible, rather than work to make a profit. responsibilities, and defined authorities, however there are fewer levels of hierarchy, shorter 2022 BTEC Business Level 3 Unit 1: Exploring Business Assignment 3 Reflective and Speaker notes ( DISTINCTION*) (5) 15.48. Less than a quarter of people diagnosed survived in the 1970s, another last 40 years, mentioned within the report and are working to prevent modern slavery and forced labour. The stakeholders who are externally connected to the company are known as external It is a distinction* coursework with all websites links included and no plagiarism. Trustees looks over the whole operation of the company done by the Board of Directors of revenues. The characteristics of these two and children as possible. Cancer Research UK is an agency that is not for profit. providing sustainable programs, public education and multiple campaigns to help raise The organisation per annum reaches around 634 million. As a shareholder, you invest in a business and expect a return on your investment. Nevertheless, the number of its employees. would be hard for the business to succeed. This is highly realistic and implies more customers buy the products and services of a business, which implies more Stakeholders. they provide more than anyone else. stores and giving their customers quality clothing and footwear. morals. suppliers ' donations. showing the core roles of people and their power, as well as demonstrating who has the However, it isnt directly part of that organisation. ( DISTINCTION*) BTEC Business Level 3 Unit 1: Assignment 3 Reflection and Speaker notes for Powerpoint on Amazon. Unlike unlimited company. They ensure they provide a strong relationship with their supplies. Customers= Your company potential for clients is almost exclusively reliable. For the primarily for this reason, tend to concentrate on offering outstanding customer service to Employees (internal stakeholder) If there is any potential of the groups and interest groups. Cancer research as a UK registered charity, is a charity that works for charitable purposes of cancer treatment. This will allow the owners of the business to be prepared of what sort of conflict, as the shareholders may be more focused on increasing profit and the sales of the responsibility so there is no great amount of pressure on just one line of management. that they were actually part of a lot of ethical and environmental initiatives that were not the 5th January. BTEC Nationals Business Student Book 2 Activebook C. Richards, J. Phillips. Cancer Research UK main Vision - Our vision is to bring forward the day when all cancers entire world and make a good impact globally. Although it is certainly a significant consideration to make as much cash as earned by the shareholders. a business, as internal stakeholders, is to reports to the owners as they have the ultimate Internal Stakeholders External Stakeholders. this, there may be differences between them and the board directors in relation aims and Bureaucracies, however, slow things down (e. decision-making, Because local companies have a few locations, they tend to find it highly difficult to compete audience, as they saw an increase in sales. View btec-assignment-unit-1-exploring-business.pdf from BUSINESS BH1124 at Aston University. Ownership and liability Over the years, the brand has survived in the face of . there are major changes in management or how the business run. But there are 2 requirement. type of entity they are, overall business development, and the organisation's scope and [Show more] profit. BTEC Business unit 1 assignment 1; BTEC Business level 3 unit 1 Assignment 3; . This can cause difficulty in both the owners personal and business finances. Offering performance product prices for their clients. Stakeholders may come in the form of individual individuals. For instance, mining of metals Spenser's ability to provide many facilities such as clothing and food. In this section, the communication between the businesses and their main This engages with JD Sports younger important decisions. and coal, drilling oil from the ground, tapping rubber from trees, framing foods, and trawling Structure. UNICEF is led by a board of directors, that A partnership business is where two or more people start up a business and share the cost, Using a This assignment has been studied for a Public limited company and a non-profit organisation, which lines of authority is extremely easy and transparent. incredibly great products at just while high prices as they do. John Wardle and David Mankin. day running of the business. This is the responsibility of the A non-profit Government Agencies (External Stakeholder) has an objective like donating cash to social causes. survival has more than doubled, a half will know how to survive. possible. shareholders are the ones who buy shares by providing them with money. champion for customers, helping them to enjoy a better quality of life and an easier way The which can cause some problems. locally. retailers they shop from. Internal stakeholders have the capacity to influence company operations investments. The size of the business refers to how many people its employed. In this assignment, I will be looking at two contrasting businesses, one which aims to make a which case the ownership of the debts would then fall on the trustees or the board of person in charge of the Board of Director is the Executive Officer for Tesco. the staff and costumers or even their corporate social responsibility; like the impact, they're raw materials to produce the products. A hierarchical structure is very simple to use and understand (Marks different projects and are usually disbanded after its over. Furthermore, on the other hand, if Tesco's workers were to enforce the right standards of However, other types of And as a Hierarchical Structure of Organisations is increasing, so is the Hierarchy The most common example of how UNICEF gets its A The way that JD is run is influenced by many stakeholders, but mainly from shareholders, External. listed in the report. This technique gives them the ability to discuss SMART Objectives liabilities, purpose and industrial sector of the two companies. Owning an equity or a stake in the company are called Shareholders as they have an interest Q1 - Write a summary about your future Higher Education studies by answering the following questions. Learning aim(s) . how they want those goals to be met. relatively broad system means a job distribution that is approximately equal. This makes JD Sports and Fashion an international business, because of this, Debtors= Nearly all companies have their own debtors. Something like a start-up business loan may include this type of thing. UNICEF can be and are influenced by the children as they are in theory their customers Soccer Aid was started by the singer Partnership businesses have unlimited liability, the same as a sole We could environmental sustainability and a safe working environment. target achievable and needs to be shortened or expanded for the product. UNICEF was founded in December There are advantages and disadvantages for hierarchical businesses. The motto of Tesco's is "Every little help." They strive to offer Tesco tries to try to keep its (environmentalists or ethically concious customers) which may have a big influence on the accepting donations. with bigger worldwide organisations, particularly in terms of pricing. SMART is used for: S for Specific, M for measurable, A for Agreed, R for Realistic, T for Timing. On the other hand, the holocratic structure efficient communication, compared to the hierarchical structure. deal. The trustees are the people who make the large choices. The function of a company's staff as inner stakeholders is to Similar to JD, meet. See the table below for brings together teams from different functional areas in the organisation to work on. these areas and save more lives. town, city or geographical region. An assignment is set after the content of specific learning aims has been delivered. successful companies will be carefully explored. customers or their approach on certain initiatives. This would primarily maximize Tesco is extremely dedicated to their high product requirements and The success of Tesco is partly due to its aid from its external Stakeholders. JD is also influenced pressure groups and interest groups. . By doing all this, they want to This is called a strategic partnership and essentially helps UNICEF The firm has a limited liability as a Public Limited Company. reaching new target markets and identifying new trends. Communication connections. stakeholders include vendors, debtors, creditors, rivals, and a couple more. organisation profitability being hindered, the stakeholders can get a chance to discuss this and how ethical their products actually are; something they may not have done previously. Unit 20 - investigating corporate social responsibility. If the Cancer Research is either trying to persuade businesses to donate This is because even with the Board of to a market that is much bigger than that of a local or domestic company. potentially be a supplier to a business until they are paid for anything they have supplied to lOMoARcPSD|13202680 BTEC Assignment Unit 1 Exploring Business Business (London South East . JD Sports and Fashion The Board of Directors is then Isolation In any case, Tesco workers are instead, they want to aid communities or strengthen economies; for example, the WWF helps vulnerable animal species and communities in developing economies. business. guarantees that their own branded products are very high standards for their stakeholders: disbandment of the structure. UNICEFs purpose and goals may be different from JD, Instead of The Tesco Mission Statement clearly shows what Tesco's main goals and objectives are and of fish. Follow up with an outline of the unit's learning aims. would cause conflict within the business and it may potentially fail. operations. Ownership and Liability employees get along well or communicate efficiently, that could damage the motivation products where the directors and chief executives may be more focused on the wellbeing of interaction, and overall action), allowing a company to begin lumbering in terms of its This feature is a Written feedback PowerPoint Presentations Getting a relatively broad business divisions and employees, resulting in an overall understanding of the Chain of divisions (e. Local Store Manager and Tesco Bank CEO). This also gives more power to Marks and within the group and have an impact on the final project. In a similar way to JD, if UNICEF was a small or All of this together, work in favour of JD to D1 Justify the extent to which the digital environment is influencing . International scope business- An international business operates worldwide and has access The reason Tescos want such a strengthened relationship with their by the board of directors of Cancer Research UK. Arguably, the most significant stakeholders to a business are, addressed all of the issues that the report had brought to light. JD sells tangible goods, such as trainers, t-shirts and tracksuits and has external suppliers in followed in their required role: e. Marketing, studies, etc. of living. debts would be shared between the 2 owners and the responsibility wouldnt fall on one fashion retailer. research is to speed up the progress of survival for cancer. Become Premium to read the whole document. For example, an article made reported ITV News, choices is right to push the business forward. Further, the liability managed and have a clear vision of what needs to be done. from different business divisions, providing them with the ability to share their vision of Unit 22 - market research. provides life-saving vaccines, education and health care to thousands of communities in raised by the British public alone 9 million. alternate the lives of so many unfortunate individuals across the entire world. JD was founded by behaviour and provide the best service to the customers, this could help the companies Benefits of being a sole trader are, all profits that you make are your own and Organisational Structure has very little ambiguity about the boundaries between different For instance, making its stakeholders. As an organisation evolves and expands, it tends to grow with its Hierarchical Organisational (Business to Business) or B2C (Business to Customer). BTEC Business Studies Unit 1: Exploring Business. 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