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Assignment EBWO3001 Effectiveness in the Business World

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Effectiveness in the Business World (EBWO3001)

   

Added on  2020-04-21

Assignment EBWO3001 Effectiveness in the Business World

   

Effectiveness in the Business World (EBWO3001)

   Added on 2020-04-21

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Autumn 2017 PortfolioEffectiveness in the Business World (EBWO3001) Student Name: Student Number: Lecturer Name: Assessed Learning Outcomes: 1.Demonstrate an understanding of the concept of the organisation and the environment in which it operates, including determining the competitive advantage for an organisation. 2.Identify and analyse organisational operations, responsibilities 3.Discuss the needs of the consumer and people who work in a business. 4.Recognise a range of issues related to business and how they interlink.
Assignment EBWO3001 Effectiveness in the Business World_1
Week Contents (350-400 words per task)Page Learningoutcomes Week 3a.Describe the main features of a public limited company (PLC), giving an example. b.Identify two key differences between a PLC and a charitable organisation. 3LO1 / 2Week 4a.Who is a ‘customer’? Give THREE reasons businesses must understand customers.b.With at least one example, describe how ‘perception’ influences consumer demand? 4LO3Week 5a.What is ‘globalisation’? b.Describe THREE advantages & THREE disadvantages of ‘globalisation’? 5 LO1/4 Week 6Describe TWO advantages and TWO disadvantages of‘group decision-making’ from the staff perspective. 6LO3Total word limit: 1500 words (+/- 10%)
Assignment EBWO3001 Effectiveness in the Business World_2
ASSESSMENT - PORTFOLIO Week Task 1 Learning outcomesWeek 3a.Describe the main features of a public limited company (PLC), giving an example. b.Identify two key differences between a PLC and a charitable organisation. LO1 / 2Your answer should go in the box below. Answer a. Features of a public limited company are Limited liability, capital, transferable shares, board of directors, life span, number of members and financial privacy. Example of Public limited company- Tesco PLC is counted in the list of largest retailers in the world, with more than 2300 stores and supermarkets. They provide employment to 326,000 people (Reuters, 2017). The main business of Tesco PLC isin Britain, where it is the largest food retailer.Features of Tesco PLCTesco Board and Executive Committee- The Board of Tesco involve the Chairman, Chief financial officers, Group Chief Executive and Non-executive Directors (Tesco PLC, 2017). Limited liabilityLiability of shareholder is limited in a company up to their contribution in shares only. This makes a company a separate legal entity. A person cannot own whole company, person can only own a part of it. Transferable SharesShares of Tesco PLC are traded in the stock exchange market. Shares of Tesco are transferred to its members and people who are trading in the stock exchange.LifespanThe death of one shareholder of a public limited company does not affect the company, but the shares of the shareholder are transferred to his/her family and company continue its operations. If the director of the public limited company dies then an election is placed to replace deceased director (Mack, 2017).CapitalPublic limited company raise capital by issuing shares to the public. In PLC additional capital can also be raised by issuing bonds and debentures in stock market.
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Answer b. (1). Listed companies must adopt and follow provisions of company law and listing rules. Listing rules for example in UK company has to adopt Combined code, it applies a number of requirements on PLC like committee structures, non-executive directors, etc. On the other hand, it is important for Charitable organizations to obtain recognition by a charity authority of the country to work and then they get the discounts that charitable status confers. This contains sympathetic tax treatment and altered reporting requirements. Since charities are not public companies they do not requireto follow listing rules but depending on the rules of the country they need to be an audit and should fulfil some requirements for reporting. (2). PLC survive mainly to make profits and financial return for their stockholders. It means they appoint people, including director to increase their long-term profits and cash flows. By creating the shareholder wealth value can be added and it can bemeasured in terms of cash flow, profits, share price, etc. On the other hand, the main purpose of a charitable organization is to support the generous cause of the organization. It is likely to be a social cause and donation is provided to support that generous cause (Strategic Management Accounting Knowledge. 2011).
Assignment EBWO3001 Effectiveness in the Business World_4

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