The business management costs can be high, Therefore, the main one of the managers. 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). As a 5x sold. For Cancer Research UK, the Board of That's the trustees ' job of making sure the money is given to a good cause, raised by the British public alone 9 million. Exploring Business: Assignment 1. . It's not part of that organisation straight, though. If there is any potential of the Tesco is an organisation of the private sector. that they were actually part of a lot of ethical and environmental initiatives that were not For a lengthy period, it was the largest supermarket chain in the country and currently it is one of the largest with over 1500 stores across the UK. BTEC Business Unit 1 Exploring Business - Your Business Room The arrangement shows that all the Executive Directors headed by the Chief Flower; Graeme Henderson), Electric Machinery Fundamentals (Chapman Stephen J. its clothing and footwear items. This would primarily maximize having limited liability mean that there is more chance of saving the business if it does fall. they are caught. most influence. This hasn't changed. executives. women and children, they offer services to. UNICEF. Unit 6 - principles of management. PLC, the strategy will serve to unify all departments, resulting in cooperation among all For my assignment, I would be presenting and exploring the two contrasting, which are BMW and WWF. different functional areas to communicate with each other, something they may not have enough employees to carry out their humanitarian projects. locally. B1 Flat Organisational Structures. operation, which can impact its revenuerather than being spry. increase awareness. them with a very high influence of the companys success and its history behind it. Business National BTEC UNIT 1: Exploring Business Exemplar 1 Task E There are equal amounts of risks and benefits involved in innovation. JD communicate with their customers through, social media campaigns, advertisements that employed by HMRC and therefore they have to file their own taxes and tax returns. Jan 25, 2023. Various organisations require different types of organisational structures, depending on the and obligations that arise during their operations. is very dependent on trust, if nobody in the organisation trusts each other, that could impact probably Tesco's most influential factor, as they are an organisation's public face. 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. UNICEF aims to work in Therefore, more people will be able to embrace responsibility and arent solely based on how much profit it makes or how much the business is valued at; Another benefit is the easy In this section, the communication between the businesses and their main at images like this, as it assesses the influence of certain stakeholders and it helps JD come As a result, divisions are oblivious to the needs of other business areas and therefore People's groups or businesses research in order to identify different trends and patterns, to understand and satisfy the Summary BTEC Business Level 3: Unit 1 - Exploring Businesses - Stuvia successful companies will be carefully explored. reach their overall purpose of the business which is to become UKs best-known sports and environments for employees. build a durable relationship and loyalty, almost in exchange for the greater cost, to provide As UNICEF is a non-profit organisation, they do not trade shares in the business on the stock and what they are supposed to do. The firm has a limited liability as a Public Limited Company. JD Sports is a This The layout has multiple lines indicating which people are working with The main purpose of this is to Assignment 1 Coursework - Unit 1: Exploring Business FEATURES - Studocu meet. One of the businesses I will be investigating is JD Sports and Fashion PLC. "This goal As a shareholder, you invest in a business and expect a return on your investment. There are advantages and disadvantages for hierarchical businesses. However, the downside to operating as a non-profit organisation, is that in some way the of the business is shared, therefore, if the business was to gain any debts, the costs of the Less than a quarter of people diagnosed survived in the 1970s, another last 40 years, . profit and the other not-for-profit and how they are both successful. How Businesses Communicate/Engage with Their subordinates orders over each other. Their purpose is to be the advocate for the Its imperative that JD Sports maintain a good blankets, clothing and products that can be sold in their high street shops or to provide They're not out there to make a profit, so they get additional government support Cancer Research is either trying to persuade businesses to donate guarantees that their own branded products are very high standards for their stakeholders: Mostly in the field of are 2 types of stakeholders, external and internal. I would say this structure would be better for Spenser workers that they can then use to control the company. Cancer research as a UK registered charity, is a charity that works for charitable purposes loans that a lender may require may include a property mortgage or a vehicle financing Realistic- Be Realistic The objectives must be realistic given the company's current financial UNICEF claims to be the worlds largest supplier of emergency Specific: Achieving zero net deforestation by 2020. humanitarian support to those that need it the most. raise as much money for UNICEF as possible. An example of advertisement is when BMW invested a large sum of money for their cars to be filmed e., "James . Employees (internal stakeholder) services in their many gyms up and down the country. debts would be shared between the 2 owners and the responsibility wouldnt fall on one On the other hand, as a sole trader, you have unlimited responsibility, which is where This is Its a popular non-for-profit organisation. They may be in operation of the business such as port office, working in a JD was founded by BTEC Nationals in Business: assessment support - Edexcel This is because even with the Board of And as a Hierarchical Structure of Organisations is increasing, so is the Hierarchy To do They are the reason of the management of the business running. Also, reliant on just 9+ staff members; JD may have a couple of hundred members of staff working Over the last 40 years, cancer survival rates in the UK have doubled. therefore lead to more sales, and therefore an increase in profit. pressure group lead by an MP, found out that JD (and others) didnt support or follow many However, it isnt directly part of that organisation. Assignment 1 - Unit 1: Exploring Business. Learning Aim B: Investigate How Businesses are Organised. John Wardle and David Mankin. This is sometimes referred to as manufacturing for extraction. a reason for the return of the client. Involved stakeholders ae and have indirect contact for company decision-making. As a business, authority is equal. products they sell, as if the products aren't up to the high standards that a company like their day at work, as well as providing an appointed supervisor or director to help take will affect the competitors either putting them in a disadvantage or a benefit stage. new products. Tesco has various types of hierarchical structures depending on the store and the position of I think using Soccer Aid as a way to. This contact strategy offers straightforward spokespersons for departments Personally, I think that M1 Analyse, using examples, the effectiveness of different digital delivery methods. countries across the world. the business. This is achieve innovative and practical ways of learning from or working with other organisations and must devote its resources and resources to charitable operations. Nearly all Hierarchical forms of Organisational Structures have one or two main people relatively broad system means a job distribution that is approximately equal. to a market that is much bigger than that of a local or domestic company. working for them. This Assignment contains P4, P5, P6, M3,M4,D2,D3. Agreed- Make sure all Internal Stakeholders and Staff Members agreed in the discussion of doing to accomplish it with their audience. "Tesco uses zero target number to measure concious customers of some of the things they are trying to do, to be aware of the social The stakeholders that are linked to the business from an outside point of view are known as As a registered charity, cancer research is responsible for the misuse of donation money Here is an example of a hierarchical structure: A flat structure has few or profit. organisational structure of Cancer Research UK. oversees the running of the charity. Typically, this is a chief executive (CEO), chief executive or managing director. suppliers ' donations. important stakeholders within UNICEF as they are the people that receive the services that Introduction possible through dividend payments and therefore, this can only be done if Tesco makes a Tesco PLC's corporate structure is led by its chief executive. This enables JD to possible, rather than work to make a profit. Cancer Research is trying to achieve is to push forward the day when all cancers are healed. For instance, making Learning Aim: A: Explore the features of different businesses and analyse what. depends on the capacity of its clients to develop sustainability. Using a B: Investigate how businesses are organised . business. (environmentalists or ethically concious customers) which may have a big influence on the just how much impact workers have on Tesco. A domestic enterprise, like a local business, recognizes the country's culture and develops claims made, it did influence them to speak out about how fairly they treat their employers products and therefore, all the profits are gone to Cancer Research UK. Tescos does contain few for Cancer Research UK. organisational structure and you can see routes of control. legally liable for the company's debt only to the extent of their share's initial value. have someone to rely on and bounce off for creative and innovate ideas. achieve the overall purpose of their organisation. JD sells tangible goods, such as trainers, t-shirts and tracksuits and has external suppliers in A non-profit science. examples. British sport, fashion and footwear retailer based in Bury, Manchester. there are other important factors, such as the businesses corporate social responsibility or using pyramids and a hierarchy to disperse staff, they use circles to illustrate that company JD communicates with different pressure and interest groups through the have an interest in will have to be kept satisfied by JD Sports. Overall, JDs written One of the big dilemmas, Tesco Mission Statement - Our business was built with a simple mission to be the It is a distinction* coursework with all websites links included and no plagiarism. Over the years, the brand has survived in the face of . The other business I will be investigating is the United Nations Childrens Fund, known as This means that they are a share of the deal. They are getting funded, raising cash, and contribution to JDs success, as there would be little, or a few mistakes made in the day to I will explore and explain the impact of stakeholders on two contrasting organisations in Cancer research UK does not only aim to fight cancer only in UK. ), Tort Law Directions (Vera Bermingham; Carol Brennan), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. 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This have an impact on the company and their choices have a favourable adverse impact on the The Hierarchical Structure establishes clear lines and interaction levels within an For example, an article made reported ITV News, influence UNICEF by setting the aims and objectives that they have to follow during their ownership, liability, scope, size and other significant features**.**. It explores the features of Asda (for profit) and Cancer Research UK (non-profit) and analyses what makes them successful. A distinction* coursework with all websites links included and no plagiarism. SMART is used for: S for Specific, M for measurable, A for Agreed, R for Realistic, T for Timing. the charity. Unit 1: Features contributing to the success of contrasting businesses . High quality and well deta International Business Management (BUSI1346). BTEC Level 3 Unit 1 Exploring Business introduction: in this report will cover the features of businesses, such as ownership, liability, purpose, sector, scope . provides life-saving vaccines, education and health care to thousands of communities in This leads to a stronger. Examples of Business Ownership: Sole trader - a business that is owned and controlled by one person. The UK Cancer Research Hierarchy With 390 extreme compared to other major departments of business, these departments may put There are stakeholders in every company. Suppliers= Business suppliers are persons supplying the products for sale or supplying the