Identify the purposes of different types of organization 1. 2 Describe the extent to which an organization meets the objectives of different stakeholders 1 1. 3 Explain the responsibilities of an organization and strategies employed to meet them 1 ALL Understand the nature of the national environment in which businesses operate 2. 1 Explain how economic systems attempt to allocate resources effectively 2 2. 2 Assess the impact of fiscal and monetary policy on business organizations and their activities 2 2. 3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization ALL
Understand the behavior of organizations in their market environment 3. 1 Explain how market structures determine the pricing and output decisions of businesses 3 3. 2 Illustrate the way in which market forces shape organizational responses using a range of examples 3 3. 3 Judge how the business and cultural environments shape the behavior of a selected organization 3 ALL Be able to assess the significance of the global factors that shape national business activities. 4. 1 Discuss the significance of international trade to UK business organizations 4 4. Analyses the impact of global factors on UK business organizations 4 4. Evaluate the impact of policies of the European Union on UK business organizations. 4 Learner declaration certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Student signature: INTRODUCTION Date: Business environment is the sum total of all external and internal factors that influence a business. The systems approach to the study of business organizations stresses the interaction between a firm’s internal and external environments.
Key aspects of the internal context of business include the organization’s structure and functions and the way they are configured in pursuit f specified organizational objectives. If the enterprise is to remain successful, constant attention needs to be paid to balancing the different influences on the organization and to the requirement to adapt to new external circumstances. This responsibility lies essentially with the organization’s management, which has the task of blending people, technologies, structures and environments.
Scenario Even the world’s largest and most powerful business organizations are affected by a changing business environment, a point well illustrated by the problems currently being faced by General Motors (GM), the largest car company in the oral. In the first quarter of 2005, GM reported losses of over $1 billion in North America and subsequently announced its intention to close some of its plants and cut 25 000 jobs over the next three years from its North American operations.
This plan follows in the wake of its job cutting exercise in GM Europe which is ultimately expected to reduce its European workforce by around 12 000 jobs, most of them in Germany. Gem’s decline in fortunes has been attributed to a number of important developments: a falling market share, problems with its product mix, rising raw material prices and the soaring costs of providing latherer for its US workers (see e. G. Guardian, 8 June 2005, p. 9). According to the company s Chief Executive, the latter was the most challenging problem facing the business, with the cost of the healthcare programmer estimated to account for around $1500 on the price of every vehicle sold. By slimming down its operations and running its remaining plants at full capacity, GM is seeking to address some of the demand (i. E. Sales) and supply side (i. E. Costs) problems it is experiencing.
The company is also taking steps to make its offering more attractive to customers by increasing its spending on new vehicles and by improving its marketing effort in the hope that this will arrest the decline in market share. As far as the healthcare programmer is concerned, this is likely to prove more of an intractable problem for the organization’s management, particularly as the unions are currently resisting any attempt to shift some of the burden on to the employees. It is worth noting that the burgeoning cost of healthcare provision is by no means unique to GM, but is one facing a large number of US corporations.
Indeed, according to some observers the healthcare burden faced by corporate America is so substantial that it threatens not only he future prospects of individual businesses but also the long-term strength of the American economy and its international competitiveness. Adapted from: Ian Worthington and Chris Britton. , fifth edition, The Business Environment, 2006. Task 1 (L. o. 1: 1. 1, 1. 2, 1. 3 and MI, DO) Considering yourself as the newly appointed regional manager of GM or any other organization of your choice.
Write an essay on the following: 1 . Identify the purposes of different types of organization. 2. Describe the extent to which GM or any other organization of your choice meets the objectives of different takeovers 3. Explain the responsibilities of GM or any other organization of your choice and strategies employed to meet them To achieve MI, you will find appropriate solutions in explaining the responsibilities of GM or any other organization of your choice and strategies employed to meet them. Also you will have met the deadline to submit.
To achieve DO you will have demonstrated an effective approach to independent research as evidenced from the citations and reference list and study and will have met the deadline to submit the tasks and achieve the unit assessment criteria. Task 2 (ALL: 2. , 2. 2 2. 3 and MM, DO) As the newly appointed manager you are expected to write a report informing the board on the following: 4. Explain how economic systems attempt to allocate resources effectively 5. Assess the impact of fiscal and monetary policy on business organizations and their activities 6.
Evaluate the impact of competition policy and other regulatory mechanisms on the activities of GM or any other organization of your choice To achieve MM, you will apply appropriate methods/techniques in evaluating the impact of competition policy and other regulatory mechanisms on the activities f GM or any other organization of your choice in question 6. To achieve DO you will have demonstrated an effective approach to independent research as evidenced from the citations and reference list and study and will have met the deadline to submit the tasks and achieve the unit assessment criteria.
Task 3 (ALL: 3. 1, 3. 2, 3. 3, and DO, DO) As the newly appointed regional manager of GM or any other organization of your choice. Write an essay on the following 7. Explain how market structures determine the pricing and output decisions of businesses 8. Illustrate the way in which market forces shape organizational responses using a range of examples 9. Judge how the business and cultural environments shape the behavior of GM or any other organization of your choice.
To achieve DO you will have demonstrated an effective approach to independent research as evidenced from the citations and reference list and study and will have met the deadline to submit the tasks and achieve the unit assessment criteria. To achieve DO, you will have to creatively justify how the business and cultural environments shape the behavior of GM or any other organization of your choice in question 9. Task 4 (ALL: 4. 1, 4. 2, 4. 3 and MM, 01, DO) your choice, you are expected to inform you team in the region on the followings: 10. Discuss the significance of international trade to UK business organizations 11.
Analyses the impact of global factors on UK business organizations 12. organizations. To achieve MM, your findings and research should be well presented and communicated within the report. To achieve D 1, Use critical reflection to evaluate the impact of policies of the European Union on UK business organizations and justify valid conclusions in question 12 To achieve DO you will have demonstrated n effective approach to independent research as evidenced from the citations and reference list and study and will have met the deadline to submit the tasks and achieve the unit assessment criteria.
Evidence checklist Summary of evidence required by student Evidence presented Task 1 Essay on the organizational purposes of businesses Task 2 Report on the nature of the national environment in which businesses operate Task 3 Essay on the behavior of organizations in their market environment Task 4 business activities In addition to the above PASS criteria, this assignment gives you the opportunity o submit evidence in order to achieve the following MERIT and DISTINCTION grades Grade Descriptor Indicative characteristic/s Conceptualization MI Identify and apply strategies to find appropriate solutions Effective judgments have been made.
An effective approach to study and research has been applied. To achieve MI, you will find appropriate solutions in explaining the responsibilities of GM or any other organization of your choice and strategies employed to meet them. Also you will have met the deadline to submit. MM Select / design and apply appropriate methods / techniques Appropriate learning methods/techniques eave been applied. Of GM or any other organization of your choice in question 6.
MM Present and communicate appropriate findings Communication is appropriate for familiar and unfamiliar audiences and appropriate media have been used. To achieve MM, your findings and research should be well presented and communicated within the report ODL Use critical reflection to evaluate own work and justify valid conclusions Conclusions have been arrived at through synthesis of ideas and have been justified. Realistic improvements have been proposed against defined characteristics for success.
To achieve D 1, Use critical reflection to evaluate the impact of policies of the European Union on UK business organizations and justify valid conclusions in question 12 DO Take responsibility for managing and organizing activities Activities have been managed. New ideas have been generated Good referencing and arrangement (Harvard style) To achieve DO you will have demonstrated an effective approach to independent research as evidenced from the citations and reference list and study and will have met the deadline to submit the tasks and achieve the unit assessment criteria.
