Unit 1 Business and the business environment
Unit 1 Business and the Business environment
Aim of Unit 1 Business and the Business environment
Specific background knowledge is essential to understand and determine the various whereabouts about business organizations. The various types of business organizations that the students would determine and analyze on a daily basis would include both nonprofit and profitable organizations and their specific size and global transactional process as well. The definite influence of stakeholders and business making organizations will also be analyzed and determined through the help of this unit. As decision making plays a crucial role on a daily basis thereby a deep understanding on the process would be helpful. After the complete understanding of the entire process students would get a overview about the skills that they have and how it would help them in future to derive their long term professional goals.
LO1 Explain the different types, size and scope of organizations
Organizations vary to a considerable level as it helps to improve the work process and benefit depending on their size and scope. There are several types of organizations ranging from medium, small and large depended on their sole partnership process and measures. The entire organizations depend on their franchising and licensing measures to do a definite competitive analysis and be on the top of market by meeting the expectations of the stakeholders.
LO2 Demonstrate the interrelationship of the various functions within an organization and how they link to organizational structure
All the functions in the organization ranging from finance, operations, resource management and role of marketing are interdependent and intertwined with each other. Thereby if one of these functions stops working then it creates a negative impact on the other existing functions as well. In addition to this the structure of any organization depends on the aim and scope that the organization has to compete in the market. Depending on the aim the structure varies from parent, bureaucratic, post bureaucratic and matrix functions as well.
LO3 Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations
Macro environment in any business process could be easily determined in any business process through help of PESTLE analysis. There are various ways in which the macro environment creates both negative and positive impact on the company’s entire framework. These impacts include revolution on a digital information basis, social technological measures, cyber security, global shift and sustainable growth process as well. In this regards transformation in any organization undergoes due to the fact of changing and ever developing market environment.
LO4 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors
Both the internal weakness and strengths of any organization could be ideally determined through the help of either TOWS matrix or SWOT. The various essential factors of macro environment that are related in any organization that is the interventions and regulations of government, competitive environment and work process that the current organization must analyze t start and develop a business would also be covered through the help of SWOT or TOWS analysis.
Learning Outcomes and Assessment Criteria
|LO1 Explain the different types, size and scope of organizations|
|P1 Explain different types and purposes of organisations; public, private and voluntary sectors and legal structures. P2 Explain the size and scope of a range of different types of organisations.||M1 Analyse how the structure, size and scope of different organisations link to the business objectives and product and services offered by the organisation.||LO1 & 2 D1 Provide a critical analysis of the complexities of different types of business structures and the interrelationships of the different organisational functions.|
|LO2 Demonstrate the interrelationship of the various functions within an organisation and how they link to organisational structure|
|P3 Explain the relationship between different organisational functions and how they link to organisational objectives and structure.||M2 Analyse the advantages and disadvantages of interrelationships between organisational functions and the impact that can have upon organisational structure.|
|LO3 Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations|
|P4 Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples.||M3 Apply appropriately the PESTLE model to support a detailed analysis of the macro environment within an organisation.||LO3 & 4 D2 Critically evaluate the impacts that both macro and micro factors have upon business objectives and decision-making.|
|LO4 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors|
|P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses.||M4 Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making.|
|P6 Explain how strengths and weaknesses interrelate with external macro factors.|
This unit links to the following related units: