Cultural Change and Its Impact on Business Strategies
Added on 2019-12-03
15 Pages4905 Words360 ViewsType: 360
Business DevelopmentEconomicsPolitical Science
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Business EnvironmentUnit 1: Business Environment — Level 4Learning OutcomeAssessment Criteria(AC)In this assessment you will have the opportunity to present evidence that shows you are able Task no.Evidence(Page LO1Understand the organisational purposes of businesses.1.1Identify the purposes of different types of organisation.11.2Describe the extent to which an organisation meets the objectives of different stakeholders.1.3Explain the responsibilities of an organisation and strategies employed tomeet them.LO2Understand the nature of the national environment in which businesses operate.2.1Explain how economic systems attempt to allocate resources effectively.22.2Assess the impact of fiscal and monetary policy on business organisations and their activities.2.3Evaluate the impact of competition policy and other regulatory mechanismson the activities of a selected organisation.LO3Understand the behaviour of organisations in their market environment.3.1Explain how market structures determine the pricing and output decisions of businesses.33.2Illustrate the way in which market forces shape organisational responses using a range of examples.3.3Judge how the business and cultural environments shape the behaviour of a selected organisation.LO4Be able to assess the significance of the global factors that shape national4.1Discuss the significance of international trade to UK business organisations.44.2Analyse the impact of global factors on UK business organisations.4.3Evaluate the impact of policies of the European Union on UK business Page 1 of 15anisational res
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business activities.organisations.Page 2 of 15anisational res
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Project BriefUnit number – title – levelUnit 1: Business Environment — Level 4Project titleBusiness Environment Purpose of this projectThis project allows you to demonstrate an understanding of the UK business environment, and how the latter influences the behaviour of organisations.ScenarioYour project is split into four tasks. You are required to base your answers on the organisations specified in the questions. Some helpful web-links:http://usa.visa.com/about-visa/index.jsphttp://www.oxfam.org.uk/what-we-dohttp://www.bankofengland.co.uk/monetarypolicy/Pages/how.aspxhttps://www.gov.uk/government/news/budget-2014-key-announcementshttp://ee.co.uk/our-company/about-ee/our-visionhttp://ec.europa.eu/internal_market/smact/index_en.htmSource: http://taxreturnredcliffe.com.au/Business%20Advice.htmlTask 1 This task offers you an opportunity to achieveL.O1: 1.1, 1.2 and 1.3State the purpose of Visa and Oxfam in terms of mission, vision, values or objectives. (1.1)Investigate how well Visa is meeting the aspirations of customers, employees and shareholders. Justify your answer. (1.2) Page 3 of 15anisational res
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Explain the responsibilities of Visa towards customers. Provide three strategies that Visa uses to deliver on those responsibilities. (1.3)Completion Dates 3rd October 2014Relevant websites http://usa.visa.com/about-visa/index.jsphttp://www.oxfam.org.uk/what-we-doTask 2This task offers you an opportunity to achieveL.O2: 2.1, 2.2 and 2.3Explain how a mixed economy like the United Kingdom and a command economy like China allocate resources. (2.1)Analyse the impact of the Bank of England’s low interest rate, and increase in VAT andcorporate tax on Visa and MasterCard. (2.2)Analyse the influence of the UK Competition Act 1998 and Consumer Credit Regulations 2010 on how Visa operates its business. (2.3)Completion Dates 17th October 2014Relevant websiteshttp://usa.visa.com/about-visa/index.jsphttp://www.bankofengland.co.uk/monetarypolicy/Pages/how.aspxhttps://www.gov.uk/government/news/budget-2014-key-announcementsPage 4 of 15anisational res
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