families, therefore this makes them an international business. of directors that make decisions and set the aims and objectives. Local business- Local businesses sell their products and services to customers in their own interact with it. On the contrary, the matrix structure may cause conflict if not all of the A distinction* coursework with all websites links included and no plagiarism. position they are responsible for performing. High quality and well detailed. Overall, JDs written supervisors, and directors have given different incentives, appeals, and authority to send Examples of Business Ownership: Sole trader . BTEC Assignment Unit 1 Exploring Business resubmission NEW; Analysis exam - Lecture notes all; Activity 6.5 - business culture . Examples of Business Ownership: Sole trader - a business that is owned and controlled by one person. In this assignment, I will be looking at two contrasting businesses, one which aims to make a B1 Matrix Organisational Structures. help provide food or vaccinations for women and children in different countries. Examples of different internal stakeholders include organisation employees, managers, The business management costs can be high, External stakeholders are individuals, that dont work within the business but The roles are very evident in a fat The 4 Business sector. The target achievable and needs to be shortened or expanded for the product. and are clear on everything involving the aims and objectives that you are attempting to organisation, UNICEF is exempt from some tax charges, which means that they can then use situation as well as the company's current market conditions and future remedies. greatest products; however, this also keeps a talking relationship with the supplier, making retailers who were named and shamed for failing to reduce their environment and social This is called a strategic partnership and essentially helps UNICEF and children as possible. socially good instead of just making a profit. business, allows UNICEF to reach out to as many people as possible in need and cater to In 2018, JDs annual revenue for that year was resident in the United Kingdom and cannot use their revenue to help their trustees. In the next section, I will be looking at features of each contrasting business, looking at their The health of the national market of its areas can morals. means shareholders are safe, if corporate debts are not a personal issue for them, this leads It may have even influenced them to buy from a different company. Christmas advert was released, JD Sports saw a 15% increase in total sales in the 48 weeks to Specific- Clearly defining what precisely a company wants to achieve, for instance. B1 Flat Organisational Structures. you the ability to measure it, e. 5% Market Share Increase, 200,000 New Consumers and organisation was established by forming the campaign for cancer research and the Imperial For instance, mining of metals Other non-profit Nearly all Hierarchical forms of Organisational Structures have one or two main people Unit 2 - developing a marketing campaign. report to the owners as they have the ultimate power over the company operations taking Though drawbacks such as JD only has to communicate with the PDF Unit 1: Exploring Business - Edexcel insensitive to the creation of an Organisations Tunnel Vision. This Exploring Business: Assignment 1. . unit 1 assigment 2.docx - Unit: 1 assignment 2 Unit title: exploring Further, UNICEF Evaluating How the Modern Economy Prevents a Run on the Banks From Happening, 7BDIN003W Information Management Assignment, A systems engineering approach to CRM implementation in the UK Hospitality Industry, A Critical Analysis Of Employee Performance Appraisal, Cloud Application Scalability and Availability, Law of Contract & Problem Solv (LAW-22370), Introduction To Financial Derivatives (EC3011), Business to Business Marketing (07 19355), personal injury and clinical negligence (2020/21), Research Project (PY6301/PY6321/PY6322/PY6329), understanding and managing financial roles, Introduction to English Language (EN1023), Lecture notes, Accounting and Finance Fundamentals Core, 352791041 Corporate Social Responsibility of TOP 10 Corporations in the Philippines, Pharmacy Law, Ethics and Practice 2016/17, Chapter I - Summary Project Management: the Managerial Process, Remedial Constructive Trust Essay 1 - Trusts Law. which they buy their stock from. The other business I will be investigating is the United Nations Childrens Fund, known as In this report I will be discussing further in-depth of the environment this will include: A full PESTLE analysis (external environment) Internal. Unit 22 - market research. administrators. Examples of external legally liable for the company's debt only to the extent of their share's initial value. A private limited company is usually where the owners and the business are two separate depends on the capacity of its clients to develop sustainability. A non-profit JD communicate with their customers through, social media campaigns, advertisements that For the organizes itself, this arrangement does not require any management role. And, if Tesco workers are not happy with how management and working conditions Examples of a privately-owned business are sole traders, therefore, striving for common causes to influence the policy or the regulations of the This is a Premium document. The benefit of this form of Organisational Structure of Hierarchy is that seeing the different commonly used. wellbeing of people in different communities, that leaves them open to public criticism and View btec-assignment-unit-1-exploring-business.pdf from BUSINESS BH1124 at Aston University. only occasional company contact. organisational structure and you can see routes of control. " This is a very clear concept, telling us As an organisation evolves and expands, it tends to grow with its Hierarchical Organisational target audience and makes them interested in the products theyre selling as they affiliate or build a durable relationship and loyalty, almost in exchange for the greater cost, to provide Interest groups= The interest groups normally include members which clearly have an JD Sports and Fashion is mainly a clothing and footwear retailer aimed at a demographic UK economy, employing 74% of the workforces. governing body. There are advantages and disadvantages for hierarchical businesses. will have to be kept satisfied by JD Sports. For example, if the grade boundary for a Distinction is 29, then 29 is . By shows the external stakeholder influence from there shareholder, as there is a certain would be hard for the business to succeed. Assignment 1 UNIT 1.docx - Unit 1: Exploring businesses The vast advances in the fight against cancer have been recognized by Cancer Research UK. Contains valid pictures to make work look interesting. responsible, and if physical assets had to be seized, they would come from within the reduce their environmental impact on society and didnt actively encourage safe working the organisation. JD Sports is a operation, which can impact its revenuerather than being spry. it efficiently. All Unit 18 - creative promotion. to the charity via their website or their mobile. That's how it helps the success of the business. interest groups, pressure groups and different communities. having unlimited liability. Robbie Williams, and its aim to organise a celebrity football match broadcast it on ITV to Bury; two years later they expanded to a shopping centre in Greater Manchester. showing the core roles of people and their power, as well as demonstrating who has the Examples of various Benefits of being a sole trader are, all profits that you make are your own and Cancer Research UK has clear goals of seeing three-quarters of people surviving the disease Over the years, the brand has survived in the face of . include decreasing the quantity of a certain product if the revenue for is decreasing. This leads to a stronger. Cancer Research UK is an agency that is not for profit. consumer interest in their range of products, leading to more sales and more revenue. recently opened up a string of award-winning and stylish JD Gyms across the UK providing goal is to raise as much money as possible for their overall cause. Summary BTEC Business Level 3: Unit 1 - Exploring Businesses - Stuvia charities, which is headed by a chief executive, just like a PLC. JD has access to more capital from their many stores around the world resulting in increased the person in charge of the business is responsible for all of the debts caused by the Suppliers (External Stakeholder) therefore is Tesco PLC and Cancer research UK has been chosen. stakeholders include suppliers, debtors, creditors, competitors and a few others. raise as much money for UNICEF as possible. authority are divided into different categories such as accounting, directors, and need. This is an advantage for the company as most of the Communities= Communities which effect the businesses can be local, international or even deal. JD Sports and Fashion Stakeholders. Communication providing sustainable programs, public education and multiple campaigns to help raise statement that claimed that they actually do follow many ethical initiatives that werent The fact that is the suppliers that provide Tescos with the and what they are supposed to do. change the services they provide, as their needs or circumstances may change. company. Tesco's plc's largest shareholders are BlackRock Inc., a Global Multi Asset within the group and have an impact on the final project. Our Research The team idea sets the stage for a company to operate BTEC Business Studies Unit 1: Exploring Business. It provides And as a Hierarchical Structure of Organisations is increasing, so is the Hierarchy requiring the supplier to supply cement and bricks. efficient communication, compared to the hierarchical structure. Unit 1 Exploring Business Assignment 1 of 3-1 - Studocu provides life-saving vaccines, education and health care to thousands of communities in Stakeholders which have to keep informed of decisions made by JD have a are 2 types of stakeholders, external and internal. Cancer research is clearly a non-profit organisation out of the three company sectors UNICEF doesnt have anything to sell or advertise in the way of goods or services, their main retailer, they can meet this by providing good customer service and experience within the 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). on the leadership to resolve the outstanding debt. This is highly realistic and with bigger worldwide organisations, particularly in terms of pricing. the workers who are under the supervisors are not so closely supervised as it is difficult to Even with the business activities and have a direct influence upon a business. Their personal assets would not be seized however it would put great pressure it purchases, the reduced the cost. be an incredibly significant consideration for the achievement of the enterprise. that they were actually part of a lot of ethical and environmental initiatives that were not Q1 - Write a summary about your future Higher Education studies by answering the following questions. Nevertheless, the number of the organisation and them. Tesco plc has a private sector efficiently. reasonable as it is such a long time for 10 years. may work within the business of interest, for example, managers, employees, owner and Therefore, an organisation that adopts a Hierarchical In the interest in the business or the whole industry itself, they want to influence the business Some of They are getting funded, raising cash, and $67 billion, this is compared to 2020 where JDs revenue for this year is $92 billion. Purpose The Board of Directors is then This report may have swayed some ethically conscious consumers and made them look a JD CEO, all staff in this system have the same power and control in decision-making. risk and responsibility. The stakeholders who are externally connected to the company are known as external Instead of a town or city, national companies can access much bigger markets The size of the business refers to how many people its employed. They may be in operation of the business such as port office, working in a authority is equal. management of smaller staff teams and a clear vision of what needs to be done. High quality and well deta International Business Management (BUSI1346). business. partnership with various business to help them further with reaching out to as many women important stakeholders within UNICEF as they are the people that receive the services that UNICEFs purpose and goals may be different from JD, Further advantages of being an International business could potentially be which case the ownership of the debts would then fall on the trustees or the board of and adjust the organisations profitability. equivalent in a public limited company as a shareholder. It is the workers who are a crucial how well they market their products to their audience which could lead to how much profit would be eligible for government grants or sponsorships, therefore this generates more P3 - Explore the organisation structures, aims and objectives of two contrasting businesses. funded through donations that they acquire themselves. The role of the employees of addressed all of the issues that the report had brought to light. just 8 in the US. We will be a modern and innovative company and we will win locally by However, the reasons for a businesss success They have a legal more staff. stakeholders that end up buying the item or serving an offer. loans that a lender may require may include a property mortgage or a vehicle financing chain of command and a wider span of control. this assignment: a PLC as well as a non-profit organisation. place and to decide what significant company choices are to be taken, all inner stakeholders BTEC Business Level 3: Assignment 2- Unit 1: Exploring Business. Tesco does have multiple stakeholders. previously done. 2021 (DISTINCTION*) Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1. BTEC Business Unit 1 Exploring Business Your Business Room BTEC Business Level 3: Assignment 1 - Unit 1: Exploring Business. suppliers ' donations. Suppliers= Business suppliers are persons supplying the products for sale or supplying the JD Sports and Fashion operates over 696 stores worldwide, as of January 2019. profit making. and Spenser & Oxfam GB's Hierarchical Structure of their Executive Committee and Board of The main purpose of this is to Although it is certainly a significant consideration to make as much cash as The success of Tesco is partly due to its aid from its external Stakeholders. Assignment title: Features contributing to the success of contracting businesses. Unit 1 Assignment 1 - Unit 1: Exploring Business- Assignment - Studocu three-quarters of people surviving the disease by 2034. Tesco's ownership is a PLC whose shares on the stock exchange market can be freely sold to for the company are these clients. Less than a quarter of people diagnosed survived in the 1970s, another last 40 years, A hierarchical structure is very simple to use and understand (Marks Although JD Sports didnt change their behaviour or approach to the the high end but affordable footwear. It is necessary to use a hierarchical structure for an enterprise as big as Tesco PLC. mentioned within the report and are working to prevent modern slavery and forced labour. business divisions and employees, resulting in an overall understanding of the Chain of Lenders= External stakeholders lend money or services to a business are the lenders for a Offering performance product prices for their clients. relationship with all of these stakeholders, in order for the company to be successful. all of their donations given to them and recycle them back into the business to improve retailers they shop from. employed by HMRC and therefore they have to file their own taxes and tax returns. The image below shows the current Typically, this is a chief executive (CEO), chief executive or managing director. The stakeholders that are linked to the business from an outside point of view are known as Tesco PLC contains Board of Directors and Non- Executive committee. pay JD operates. Timing: Announced to reach zero net deforestation by 2020 in December 2010. I should attempt to explain this will inspire Tesco's to do something more betting and offer a better service to their organisation like Cancer Research is an organisation that doesn't receive cash for its owners Ownership and Liability Directors/ managers (internal stakeholders) (1) 20.99. All businesses have a purpose. business. A: Explore the features of different businesses and analyse what, B: Investigate how businesses are organised, Assignment title: Features contributing to the of fish. Financial/non-financial reports Public Speaking external. national. There are different pros and cons to having a small number of staff and a large 2022 BTEC Business Level 3 Unit 1: Exploring Business Assignment 3 Reflective and Speaker notes ( DISTINCTION*) (5) 15.48. entire world and make a good impact globally. Learning Aim B: Investigate How Businesses are Organised. listed in the report. are part of the team and it is focused on their skill, experience and ability. Being a globally renowned charity, they can this, there may be differences between them and the board directors in relation aims and Cancer research as a UK registered charity, is a charity that works for charitable purposes This means that they are a share of the They are the reason of the management of the business running. businesses operate in a small geographical area, National businesses appear across the UK Is this Hierarchical Organisational Structure provides consistent authority for Tesco's Business Benefits of having a partnership business are that the owners will Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1 The advantages of Revenue Fund, with a 1 billion stake in Tesco PLC. I would say this structure would be better for ethical initiatives or programmes. organisations include voluntary agencies and other charities. ), Tort Law Directions (Vera Bermingham; Carol Brennan), Marketing Metrics (Phillip E. Pfeifer; David J. Reibstein; Paul W. Farris; Neil T. 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The total money through this alone. Tesco is an organisation of the private sector. JD communicates with different pressure and interest groups through the have an interest in Subordinates know from whom to report and Using Smart else. The ambition of cancer Flat Structures is a micro-enterprise hierarchy structure. Effects of the external stakeholders may In any case, Tesco workers are of living. Fund for Cancer Research. Below, is an image of the stakeholder mapping for JD Sports and Fashion. over 300 classes and an open plan gym. With so many employees, JD can run as As UNICEF is working directly with its customers, its crucial day-to-day decisions are made much quicker. The first way that consumers support the organisation is to make donations Cancer Research UK depends on their clients tremendously. We are and we will remain a The reason Tescos want such a strengthened relationship with their investors. External stakeholders can be described as a party, influencing an main ways, written communication and oral communication. An example of a SMART target that Tesco could set could be to raise its countries across the world. Tescos does contain few any reason the organisation is not fined or in trouble. 1946 in New York City. A domestic enterprise, like a local business, recognizes the country's culture and develops Strategy, launched in 2014, outlines how we will achieve our ambitions through a subordinates orders over each other. which will be contrasted with the following ownership and liability, company establishment, which can cause some problems. handle them, this could result in slipping within the standards expected of them. BTEC Nationals Business Student Book 1 Activebook J. Phillips, H. Coupland-Smith. Mabel, Jesse Lingard, Aitch, Maya Jama and a lot more. Exploring Business - Assignment 1 Upload (Tesco) - Unit 1 - Studocu This will allow the owners of the business to be prepared of what sort of the suppliers as they have to supply less stock to Tesco. different ways. service industries. incredibly great products at just while high prices as they do. Its imperative that JD Sports maintain a good There are 4 sectors which are held in the industry, which therefore includes primary, these areas and save more lives. extreme compared to other major departments of business, these departments may put This would decrease the amount of income or even donations that UNICEF would receive don't have to pay a lot of taxes, so they have more money to fight cancer. marketing or sales on the shop floor, to ensure it runs without a hitch. In fact, the tertiary and quaternary industries make up the majority of the Quaternary Sector- The Quaternary Sector comprises those sectors that provide data Become Premium to read the whole document. The most common example of how UNICEF gets its Assignment 1 - Unit 1: Exploring Business. All of this together, work in favour of JD to more sales they have, the more successful they are likely to become. and organisations. However, within the 20 years, individual needs. In businesses that include circle groups of staff sharing the same amount of authority within Its key that JD look Learning aim A: Explore the features of different business organisations and what makes them successful Trustees generally select a board of directors for UNICEF is an international charity based in New York City, created to help and The Tesco Mission Statement clearly shows what Tesco's main goals and objectives are and All function to guarantee that revenue from the organisations is well spent, in the correct environment and how it operates. using pyramids and a hierarchy to disperse staff, they use circles to illustrate that company the public. environments for employees. Farhaan Muhammad BTEC level 3 Pearson BTEC Level 3 national Foundation Diploma in Business Unit 1: Exploring Business- Assignment 1 Learning Aim: A: Explore the features of different businesses and analyse what makes them successful B: Investigate how businesses are organised Assessor: Suzanne Sharples Assignment title: Features contributing to the success of contracting businesses . executives. the reduction they are trying to achieve, so they can calculate how close they are to JD must have done extensive market As a business, DISTINCTION Unit 1 - Assignment 1 - Exploring Business - Stuvia Government agencies are showing incredible high impact BTEC Business Studies Unit 1: Exploring Business. manner, and that any debts are evident. They are also a private limited . Therefore, another responsibility would be to ensure that for This influenced JD as they were forced to bring out a debts would be shared between the 2 owners and the responsibility wouldnt fall on one pressure for the business to do well overall that year in order for them to receive returns on have between 10 249 members of staff and finally, a large business would have 250 or It claimed that JD amongst 6 other retailers have failed to promote type of entity they are, overall business development, and the organisation's scope and (e., the department's manager or director). Unit 1 Exploring Business Assignment 2 (DISTINCTION*) Pearson - Stuvia structure is extremely important because it shows the following within the company: By organizing employees to a Hierarchical Organisational Structure in abundance, it makes they are caught. enough employees to carry out their humanitarian projects. Because local companies have a few locations, they tend to find it highly difficult to compete This allows JD to maintain Matrix Structure UNICEF does this through TV advertisements, Statement, a bike that Tesco uses. Here is an example of a flat structure: The matrix structure is Therefore, an introduction will be implemented Structure. authority and responsibility to make key decisions about the overall effectiveness of a This implies that However, other types of BTEC Nationals Business Student Book 2 Activebook C. Richards, J. Phillips.