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RDI/EDEXCEL Level 5 BTEC Higher Nationals Programme: Business Module: Business Environment
Assignment set by Colin Price
Learning Outcomes To achieve a pass in this unit the student must: LO 1 Identify the mission, objectives and responsibilities of an organisation within its environment LO 2 Investigate the economic, social and global environment in which organisations operate LO 3 Investigate the behaviour of organisations and the market environment LO 4 Explore the significance of international trade and the European dimension for UK businesses
Task 1 – The mission, objectives and responsibilities of an organisation Learning Outcome 1 (1000 words) Choose an organisation with which you are familiar: either the one where you currently work, a previous employer or one for which you have access to the required information. For this organisation: a) Explain the organisation’s objectives and critically evaluate how these relate to its mission and values. b) List the organisation’s principal stakeholders. How are they able to influence and monitor its mission and objectives? c) How does the organisation ensure that its social responsibilities are met?
Task 3 – The behaviour of organisations and the market environment Learning Outcome 3 (1000 words) Choose an industry with which you are familiar: either the one in which you currently work, or another one for which you have access to the required information. For this industry: a) Identify three distinct areas in which new technologies have impacted on your industry. How have organisations responded to remain competitive? b) Explain the meaning of perfect competition. Evaluate the extent to which your chosen industry’s structure fits with your definition?
c) Identify three regulatory mechanisms that are in force across the industry. How is compliance monitored?
Task 4 – The significance of international trade and the European dimension for UK businesses Learning Outcome 4 (1000 words) a) Explain the implications of the European Working Time Directive (EWTD) for businesses operating in its member states. b) Describe and discuss the main cultural factors that would influence an international organisation starting to do business in your country
2. You should use diagrams and tables of figures where appropriate ensuring to reference their source. 3. You should include a bibliography using the Harvard referencing system. 4. All tasks must be completed in the word limit of 4000 words excluding table of contents, diagrams, references and appendices.
Resources As well as the online courseware, you will find that the companion textbook includes a lot of useful information. You could also explore the EBSCO Business Source Elite resource available on iLearn. You may also wish to locate and use web sites relating to: •
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Organisations used as examples. These sites will often include: mission statements, statutory financial reports and statements relating to corporate social responsibility. Industry regulators. Consumer groups. Media (e.g. bbc.co.uk and online newspapers) that cover business and economic topics. The European Union.
Grading Criteria ~ Module 4 – The Business Environment
To achieve a PASS GRADE the evidence must show To achieve a MERIT GRADE the evidence must show To achieve a DISTINCTION GRADE the evidence must that the student is able to meet all of the learning outcomes: that the student is able to: Show that the student is able to: LO 1 Identify the mission, objectives and M1 – Present and Communicate Findings D1 - Use critical reflection to evaluate your own responsibilities of an organisation within its work & justify valid conclusions A clear and well-structured report environment Use of Harvard referencing throughout identify the mission, values and key objectives of There is a high level of critical analysis and M2- Identify and apply strategies to find an organisation and assess the influence of argument. appropriate solutions stakeholders Theory and practice are well-integrated Material is well-focussed evaluate the extent to which an organization In depth analysis of the example organisation, Discussions progress logically to clear achieves the objectives of stakeholders using a range of frameworks leads to clear and conclusions. explain the responsibilities of an organisation and compelling conclusions. The relationship between an organisation strategies employed to meet them and its operating environment is LO 2 Investigate the economic, social and global demonstrated through detailed analysis of D2 – take responsibility for managing and environment in which organisations operate organising activities. the example. explain how economic systems attempt to allocate M3 – Select design and apply appropriate and make effective use of resources Extensive use of quality information sources methods/techniques discuss the impact of social welfare and industrial Assignment well-structured and presented Some evidence of reading beyond the policy initiatives on organisations and the wider basic course materials Assignment is completed fully to deadline community Ability to select and apply appropriate evaluate the impact of macro economic policy D3 – demonstrate convergent, lateral & creative theories and models to address the measures and the influence of the global economy thinking. learning outcomes. on organisations and stakeholders Ideas are evaluated for their validity & realism LO 3 Investigate the behaviour of organisations and in the context of the organisation or industry the market environment Understanding of limitations of theories and explain how market structures in practice deviate models that are applied. from the model of perfect competition use a range of examples to illustrate the relationship between market forces and organisational responses explain the behaviour and competitive strategies employed by an organisation and discuss the role of the Competition Commission and regulatory bodies LO 4 Explore the significance of international trade and the European dimension for UK businesses discuss the importance of international trade, economic integration and global markets to business organisations analyse the impact of policies of the European Union on business organisations explain the economic implications of entry into EMU The work adequately covers the descriptive elements of the brief but little attempt has been made to analyse or evaluate the information presented. There is little discussion of what has been found through research with limited application of research to practice. • •
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Performance Criteria Each unit will be graded as a Pass, Merit or Distinction. A pass is awarded for the achievement of all outcomes against the specified assessment criteria. Merit and Distinction grades are awarded for higher-level achievement.