Business Environment
PART A:
1. Compare the purpose and functioning of the following different organisations:
Oxfam
National Health Service UK
Tesco PLC
Warburtons Baking Company UK
Also identify the key stakeholders for the above listed organisations and describe what kind of
responsibilities they hold towards their different partners and major expectations by the individual
stakeholders along with the extent of their efforts in meeting those obligations emphasizing on
how do those get translated into organisational objectives and what different strategies the
organisations can adopt to achieve those goals. (LO1, Assessment criteria 1.1, 1.2 & 1.3)
2. List out the various forms of economic systems and select at least one to discuss in detail
the functioning of a commercial organization within that economic environment; especially
elaborating on how the fiscal, monetary and competition policy applicable in that system
would impact the activities of the organisation under discussion. (LO2, Assessment
criteria 2.1, 2.2 & 2.3)
Assignment Task / Description:
PART B:
Select an international business organization operating in any commercial industry to examine the
key elements highlighted in the following figure, which actually reflects on the correlation amongst
the market forces, structure of the market, business and cultural environment; international trade
policies and regulations imposed by the relevant authorities and global influences, within that
particular industry; and provide a detailed analysis of the impact of those factors on the decision
making, behavior and performance of that organisation.
QUESTION 1: (LO3, Assessment Criteria 3.1)
Discuss correlation of Number of firms, Product differentiation, Entry/exit conditions, Mobility of
resources, Dissemination of information and the firm’s Pricing policy, Operational decisions, Sales
turnover, Profitability and the Competitive ability of the business organisation.
QUESTION 2: (LO3 Assessment Criteria 3.2)
Explain how the dynamics of Supply and Demand affect the organisation’s Strategic, Product and
Operational decisions as well as the Market share, Growth and Competitive ability.
QUESTION 3: (LO3 Assessment Criteria 3.3)
Explain how the business and cultural environment within which the organisation functions would
shape up the firm’s Strategic decisions, Research and development, Product and Operational
decisions, Market Research & analysis and Resource planning,
QUESTION 4: (LO4 Assessment Criteria 4.1, 4.2 & 4.3)
Discuss the importance of International Trade for the business organisation in terms of Growth and
Profitability and also analyse how the Global influences, International Trade Policies and
Regulations imposed by the relevant trade authorities’ impact the firm’s Human Resource Policy
and Company’s Code of Conduct.
LO2: Understand the nature of the national environment in which businesses operate.
2.1 Explain how economic systems attempt to allocate resources effectively.
2.2 Assess the impact of fiscal and monetary policy on the business organisation in consideration and its activities.
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of the organisation under
discussion.
LO3: Understand the behaviour of organisations in their market environment.
3.1 Explain how market structures determine the pricing and output decisions of businesses.
3.2 Illustrate the way in which market forces shape organisational responses using a range of examples.
3.3 Judge how the business and cultural
environments shape the behaviour of a selected organisation.
LO1: Understand the organisational purposes of businesses.
1.1 Identify the purposes of different types of organisation.
1.2 Describe the extent to which an organisation meets the objectives of different stakeholders.
1.3 Explain the responsibilities of an organisation and strategies employed to meet.