2013-14 BTEC Business Level 3 Unit 1 Assignment brief Essay

1 ) Know the selection of different businesses and their title 2 . Understand how businesses are put to achieve their purposes several. Know the effects of the economy on businesses 4. Recognize how political, legal and cultural factors impact on business. Situation You work as a correspondent at Northampton’s Chronicle & Echo newspapers which is intending to run a feature article on local businesses. You will need to go to two regional businesses in order to carry out your quest.

Assignment 1 ) 1: You have been asked to prepare a Presentation to get the Manager that may later be used since the basis for preparing a peice aimed at the readership of your local paper. The 1st slides to your presentation includes: a brief summary of the two local businesses a single business must be profit-making, e. g. Signifies & Spencer; one organization should be not-for-profit, e. g. Malcolm Arnold Academy the two businesses should change in size some of the types of your businesses a description from the purpose of your businesses, including the aims and objectives of the organisations an outline of the control of your businesses. This should include an accurate, although not always detailed, assertion as to the magnitude of owners’ liability for debts.

Project 1 . two: You should always develop the presentation you started in Assignment 1 . you with: some of the distinct stakeholders whom influence the goal of your two different organisations an explanation with the viewpoints of different stakeholders and exactly how these strive to influence the aims and objectives of the business organisations an evaluation with the influence of various stakeholders using one of your two organisations important ranking with the stakeholders of your organisation, e. g. you = most important, 5 can be least important a statement about the importance of each stakeholder and why you believe this as the case. Your thinking should be supported by evidence by different sources. For each part of evidence state how trusted you think it is and so why.

DESCRIBE the various stakeholders who influence the purpose of two different businesses MAKE CLEAR the parts of view of different stakeholders wanting to influence the aims and objectives of two contrasting organisations Assess the influence diverse stakeholders exert in one enterprise The Share & Echo plans to give a report being a follow up to your presentation, that was well received. In this report you will need to select one of the two organisations from your initial article and compare it with an organisation from one more country. This involves you to research a different economy, e. g. China or India, also to look at a single business as a result country.

This kind of business will then be compared with your UK business. Draw up a table of economic info for great britain and additional, contrasting, economic environment. Choose by least three economic issues and collect relevant data from two different countries, e. g. GDP, pumpiing or interest rates.

Using the data collected inside your table describe the affect of two contrasting economic environments (i. e. the economic info collected) about business activities within your chosen organisations. Assess the difficulties to their business activities that your two organisations deal with due to their economic environment, e. g. how does the inflation price impact on supply costs or demand for your two businesses? Write for least one paragraph for each and every piece of financial data for each business.