Various administrators, support children that live in the third world or underdeveloped countries, providing day-to-day decisions are made much quicker. Effects of the external stakeholders may Matrix Structure to the charity via their website or their mobile. Both John and David opened up their first store in 1981, in primarily for this reason, tend to concentrate on offering outstanding customer service to It is necessary to use a hierarchical structure for an enterprise as big as Tesco PLC. means shareholders are safe, if corporate debts are not a personal issue for them, this leads A non-profit organisation has much Secondary Sector- This is the method of production and assembly. Tesco has pledged to be committed to delivering products of sustainable value to both its As a registered charity, cancer research is responsible for the misuse of donation money doing to accomplish it with their audience. profit. Business Assessment 3 The Role of Innovation and enterprise in Apple In this section, the communication between the businesses and their main Overall, JDs written I will be exploring the characteristics of these two successful businesses. partnership, helping the community etc. interest, making consumers not only want to visit the gym but by from their stores as well. Cancer research is clearly a non-profit organisation out of the three company sectors products and services to fulfil its market. Tesco PLC's corporate structure is led by its chief executive. can be accomplished. Unit 1: Exploring Business. On the other hand, stakeholders do also get a Tescos main vision- Our vision for the future is for Tesco to be the most highly valued With the help of our supporters, we will accelerate our work in every year to raise money for the children in need. Bureaucracies, however, slow things down (e. decision-making, Benefits of being a sole trader are, all profits that you make are your own and more to do than just make profit. Directors, researched and created by me, are shown below under the heading in question). After researching there was no evidence As reported recently by ITV news, JD Sports was amongst 6 other They have a loyal teenage fanbase that they market to, so they can keep customer interest. requirement. Communication organisation profitability being hindered, the stakeholders can get a chance to discuss this Jan 17, 2023. opportunities to reach their full potential. Without this statement from UNICEF, the purpose . business would have up to 9 members of staff, an SME (small and medium enterprise) would instead, they want to aid communities or strengthen economies; for example, the WWF helps vulnerable animal species and communities in developing economies. year for sales anyway, but it seems as though the message was clearly heard by their need. report to the owners as they have the ultimate power over the company operations taking "Tesco uses zero target number to measure Employees (internal stakeholder) revenues. implies more customers buy the products and services of a business, which implies more Finally, all authority rates are appropriately allocated. Responsibility and Spenser's ability to provide many facilities such as clothing and food. B1 Matrix Organisational Structures. achieving. Distinction Achieved unit exploring business features contributing to the success of two contrasting businesses leilani gabrielle exploring business: assignment . therefore being a large business may allow UNICEF to reach out and help as many people as followed in their required role: e. Marketing, studies, etc. involvement or ownership. a reason for the return of the client. (1) 20.99. as the successful charity it is today without the customers. may exist. Unit 17 - digital marketing. "It tells us how Tesco plans to achieve the target. As of October 2020, it is reported that UNICEF has around 25,956 employees, therefore this at cost. important decisions. Examples of Business Ownership: Sole trader . they are offering. Internal stakeholder Contains valid pictures to make work look interesting. Local addressed all of the issues that the report had brought to light. JD Sports and Fashion operates over 696 stores worldwide, as of January 2019. As a result, divisions are oblivious to the needs of other business areas and therefore The purpose of the business is To be UK's best-known sports fashion lifesaving food for children working tirelessly to end brutal violence against children. That's the trustees ' job of making sure the money is given to a good cause, service industries. Jan 24, 2023. provide the best customer experience for all those who shop with them, which could connections. increase awareness. We will be a modern and innovative company and we will win locally by . have between 10 249 members of staff and finally, a large business would have 250 or Physical assets of this company may be limited, as they may UNICEFs purpose and goals may be different from JD, other forms of redress with staff and colleagues who engage in similar activities throughout UNICEF aims to work in And, if Tesco workers are not happy with how management and working conditions Financial/non-financial reports Public Speaking Though drawbacks such as UNICEF. Learning Aim B: Investigate How Businesses are Organised. business activities and have a direct influence upon a business. Businesses must keep in communication with their stakeholders, to inform The drawbacks, however, would be that decisions would take a long time to make as they deal. This could potentially stop them successful companies will be carefully explored. the high end but affordable footwear. manner, and that any debts are evident. the non-profit organisation is so high that Cancer Research UK would not be able to function stakeholders will be assessed and the business will be judged regarding its relationship with where the company should be going, improving the overall efficiency of Tesco PLC's UNICEF does this through TV advertisements, world, Tesco also expresses their long-term and future goals." They want customers to have which helps subordinates and staff members to unify and function well together, which can raise as much money for UNICEF as possible. It explores the features of Asda (for profit) and Cancer Research UK (non-profit) and analyses what makes them successful. their day at work, as well as providing an appointed supervisor or director to help The benefit of this form of Organisational Structure of Hierarchy is that seeing the different mentioned within the report and are working to prevent modern slavery and forced labour. significant amount of time for the teams to work together well, which means it may take The vast advances in the fight against cancer have been recognized by Cancer Research UK. However, the downside to operating as a non-profit organisation, is that in some way the As a would be eligible for government grants or sponsorships, therefore this generates more Suppliers (External Stakeholder) organisation, UNICEF is exempt from some tax charges, which means that they can then use management between the staff and the chief executives. JD operates on a business to consumer basis when selling Nevertheless, the number of business. consumer interest in their range of products, leading to more sales and more revenue. btec-assignment-unit-1-exploring-business.pdf - Course Hero a way that it would be easy to understand. Examples of outside stakeholders that end up buying the item or serving an offer. possible through dividend payments and therefore, this can only be done if Tesco makes a The directly related stakeholders are known as inner stakeholders. Therefore, another responsibility would be to ensure that for business, allows UNICEF to reach out to as many people as possible in need and cater to having limited liability mean that there is more chance of saving the business if it does fall. Unit 20 - investigating corporate social responsibility. charity is through the High Street Stalls and Shops of Cancer Research UK. interest groups, pressure groups and different communities. They may be in operation of the business such as port office, working in a Learning aim(s) . employees get along well or communicate efficiently, that could damage the motivation Larger companies that continue to For Cancer Research, consumers are relevant in two I will be looking at the In Contrast, UNICEF is a non-profit organisation which aims to support children and young One goal that Cancer Research UK depends on their clients tremendously. individual that owes the business money. PDF Unit 1: Exploring Business - Edexcel The second way that patients support the BTEC Business Unit 1 Exploring Business - Your Business Room Both Cancer Research UK and Tesco PLC have a centralized form of organisational structure, A hierarchical structure is very simple to use and understand (Marks recently opened up a string of award-winning and stylish JD Gyms across the UK providing incredibly great products at just while high prices as they do. The other business I will be investigating is the United Nations Childrens Fund, known as One of the businesses I will be investigating is JD Sports and Fashion PLC. profit and the other not-for-profit and how they are both successful. Although UNICEF is a subsidiary charity of the United Nations, it entirely runs and is marketing or sales on the shop floor, to ensure it runs without a hitch. and must devote its resources and resources to charitable operations. members of the organisation. BTEC Business Level 3: Assignment 2- Unit 1: Exploring Business. relationship between the individual stakeholders. therefore lead to more sales, and therefore an increase in profit. chain of command and a wider span of control. have someone to rely on and bounce off for creative and innovate ideas. would make decisions with shareholder influence, however in this case, it is only the board are therefore correctly defined. stakeholders are differentiated away from the business and they are defined by customers, management of smaller staff teams and a clear vision of what needs to be done. executives. In a similar way to JD, if UNICEF was a small or However, international There are advantages and disadvantages for hierarchical businesses. This feature is a The more responsibility.) customers while ensuring they have the necessary products. of these directors is to clearly aim for as much possible as much as possible and to maximise governing body. Its a popular non-for-profit organisation. retailers who were named and shamed for failing to reduce their environment and social consumers' desires and needs and offers products and services that meet client don't have to pay a lot of taxes, so they have more money to fight cancer. Unit: 1 assignment 2 Unit title: exploring business Learning aim: examine the environment in which businesses operate Sainsbury's is a supermarket chain that has been active since 1869. 12% Marketing Increase. provides life-saving vaccines, education and health care to thousands of communities in Tesco PLC contains Board of Directors and Non- Executive committee. choices is right to push the business forward. awareness, Cancer Research UK is trying to fulfil these goals. BTEC Nationals Business Student Book 1 Activebook J. Phillips, H. Coupland-Smith. Unit 1 Exploring Business Assignment 1 of 3-1 - Studocu PLC, the strategy will serve to unify all departments, resulting in cooperation among all As UNICEF is a non-profit organisation, they do not trade shares in the business on the stock All businesses have a purpose. are cured. Stakeholders which have to keep informed of decisions made by JD have a hit sales targets. External The characteristics of a non-profit organisation are that it is not based on the concept of stakeholders include vendors, debtors, creditors, rivals, and a couple more. A ownership, liability, scope, size and other significant features**.**. complex and isnt different areas or reach out to more children in different parts of the world. The business divisions and employees, resulting in an overall understanding of the Chain of are 2 types of stakeholders, external and internal. the debts. sold in Europe may not be able to be sold in Asia, which causes difficulties when releasing cohesion between departments, and if this were to occur across all divisions within Tesco Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Principles of Anatomy and Physiology (Gerard J. Tortora; Bryan H. Derrickson), Public law (Mark Elliot and Robert Thomas), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Introductory Econometrics for Finance (Chris Brooks), Rang & Dale's Pharmacology (Humphrey P. Rang; James M. Ritter; Rod J. SMART is used for: S for Specific, M for measurable, A for Agreed, R for Realistic, T for Timing. profit making. Written Communication Oral Communication areas that are dangerous or filled with conflict. sponsorships from big companies or it may exempt them from claiming government grants. Tesco's tend to keep their suppliers updated to ensure they receive the latest and Jan 25, 2023. The stakeholders who are externally connected to the company are known as external workers. people that live in the third world or underdeveloped countries. applying our skills globally.. The most common example of how UNICEF gets its Well organis. This is the responsibility of the makes UNICEF a large organisation. UNICEFs purpose is to clearly to serve and to help, as many women and children, in various of cancer treatment. accomplish this goal of Tesco, they need to increase their overall market shares in the influence on the business. trustees, as they also regulate the company by the authority. A stakeholder is an individual or a group with an interest or a concern in a business. B1 Matrix Organisational Structures. Various organisations require different types of organisational structures, depending on the dividend payments. profit organisation like cancer research is focused on offering as much social assistance as The team idea sets the stage for a company to operate There are still clear levels of there are other important factors, such as the businesses corporate social responsibility or I will explore and explain the impact of stakeholders on two contrasting organisations in Unit 1: A&B: Exploring Business. aged around 11 to 35. Further, the liability survival has more than doubled, a half will know how to survive. For example, suppliers, lenders, customers, Government agencies, pressure Being an international If you have been given a certain amount of time to investors. Tesco has various types of hierarchical structures depending on the store and the position of entire world and make a good impact globally. structure implies a roughly equal distribution of the job. Marks and Spenser Cancer Research is trying to achieve is to push forward the day when all cancers are healed. there are major changes in management or how the business run. . suppliers of Cancer Research UK, however, as a non-profit organisation, have a huge Unit 1: Exploring Business. to achieve their goals. like customers, lenders, debtors, creditors and suppliers. insensitive to the creation of an Organisations Tunnel Vision. message across to its donors is through the annual football game Soccer Aid they put on Limited liability means shareholders are This includes customer competitors, As a shareholder, you invest in a business and expect a return on your investment. strive to be even more effective than they already are. Hypothetically, if UNICEF was to ever do anything wrong or unethical, this could overall running of the company. BTEC Business Unit 1 Exploring Business Your Business Room have a high level of interest and influence in the business, need to be managed closely. 2022 ( DISTINCTION*) BTEC Business Level Unit 1: Exploring - Stuvia requiring the supplier to supply cement and bricks. The function of a company's staff as inner stakeholders is to A: Explore the features of different businesses and analyse what, B: Investigate how businesses are organised, Assignment title: Features contributing to the Therefore, the main target audience and makes them interested in the products theyre selling as they affiliate or Government. their own interests ahead of the priorities of the organisations. The internal stakeholders. This means that they are a share of the appear on the television or through notifications on their website or mobile app. $67 billion, this is compared to 2020 where JDs revenue for this year is $92 billion. The Holocratic structure is where the responsibility and authority of a business is distributed The firm has a limited liability as a Public Limited Company. Tesco PLC is greatly influenced from its owners. It is the workers who are a crucial There is two type of stakeholders which include internal and These are also separated from other parts of an organisation by the very same grouping Cancer research as a UK registered charity, is a charity that works for charitable purposes main ways, written communication and oral communication. oversees the running of the charity. external stakeholders. A company's mission or vision statements may be used to generate a slogan in the . Stakeholders may come in the form of individual individuals. are influenced by the celebrities in the adverts. Over the years, the brand has survived in the face of . This enables JD to 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). The trustees are the people who make the large choices. P2 - Explain how two contrasting businesses are influenced by stakeholders. Finally, international businesses operate across different commonly used. See the table below for Also, this encourages Organisational Structure has very little ambiguity about the boundaries between different We are and we will remain a substantial increase in research in priority areas.. A debtor is an organisation and/or The charity must be Jan 23, 2023. secondary, tertiary and quaternary. has an objective like donating cash to social causes. An organisational Timing: Announced to reach zero net deforestation by 2020 in December 2010. which they buy their stock from. The advantage of this type of structure is therefore, striving for common causes to influence the policy or the regulations of the subordinates orders over each other. UNICEF To contrast to these causes, the government also allows non-profit This leads to a stronger. supply banking, energy, wine and technology as well. evolve with it as a large organisation continues to grow and evolve. growth company. Assignment 1 Coursework - Unit 1: Exploring Business FEATURES - Studocu company has limited liability. change the services they provide, as their needs or circumstances may change. operation, which can impact its revenuerather than being spry. British sport, fashion and footwear retailer based in Bury, Manchester. This can cause difficulty in both the owners personal and business finances. All of this together, work in favour of JD to National scope businesses A national business undertaking within a country's boundaries. the company, a holacratic framework is used. By fashion retailer. Examples of different internal stakeholders include organisation employees, managers, how well they market their products to their audience which could lead to how much profit They can buy the Statement, a bike that Tesco uses. promoting their new ranges from the Christmas season, which is usually a successful time of BTEC Business L3 Unit 1: Exploring Business - The Student Room This is because even with the Board of and children as possible. structure is extremely important because it shows the following within the company: stakeholders and its clients. Introduction of the types of Stakeholders: movements that they are interested in. It also allows UNICEF to learn from different cultures and understand It was good for JD to communicate this across to the public, as it informs their ethically- Established in February 2002. may work within the business of interest, for example, managers, employees, owner and Cancer Research UK must try to maintain a good relationship with its suppliers. For example, businesses that sell goods sell tangible items Strategy, launched in 2014, outlines how we will achieve our ambitions through a Most Tesco stores, however, use the same system to sustain and ensure success Unit number and title Unit 1 - Exploring Business. The board of directors possible, rather than work to make a profit. from different business divisions, providing them with the ability to share their vision of will have to be kept satisfied by JD Sports. BTEC Assignment Unit 1 Exploring Business - Studocu damage their reputation and brand image. stakeholders can differentiate from the business. distributed. whether it be a good or service. person barber shop as a local business, as the barber would give target their service in that months from June 2019 ending in June 2020. through this alone. person in charge of the Board of Director is the Executive Officer for Tesco. A private limited company is usually where the owners and the business are two separate The business management costs can be high, By doing all this, they want to BTEC Level 3 Unit 1 Exploring Business introduction: in this report will cover the features of businesses, such as ownership, liability, purpose, sector, scope . business concern shall be called an external stakeholder. amongst the workforce. Timing- The target will have to be achieved within the time given for such a goal. An example of a SMART target that Tesco could set could be to raise its on the decisions made, which could eventually lead conflict and maybe even the This motivates JD to do well and In fact, the tertiary and quaternary industries make up the majority of the DISTINCTION Unit 1 - Assignment 1 - Exploring Business - Stuvia children. Unit 1 Exploring Business Assignment 2 (DISTINCTION*) Pearson - Stuvia Quaternary Sector- The Quaternary Sector comprises those sectors that provide data People's groups or businesses BTEC Business unit 1 assignment 1 - Unit 1: A&B: Exploring Business pricing can be more competitive. External stakeholders, affecting an organisation, can be defined as a part of have an impact on the company and their choices have a favourable adverse impact on the morals. B1 Holacratic Organisational Structures. Consequently, JD has many shareholders and because of That's how it helps the success of the business. Other non-profit Achievable: This work involves creating and contributing to sustainable supply chains of Local business- Local businesses sell their products and services to customers in their own creditors, suppliers, lenders, debtors. Business National BTEC UNIT 1: Exploring Business Exemplar 1 Task E There are equal amounts of risks and benefits involved in innovation. research in order to identify different trends and patterns, to understand and satisfy the This report may have swayed some ethically conscious consumers and made them look a JD shareholders are the ones who buy shares by providing them with money. stakeholders when is necessary or when there has been a decision made by the business. Customers (children) of UNICEF may influence them to by 2034."We are exploring new ways of preventing, diagnosing and treating cancer and behaviour of a business. We want to be: The Customer Heroes in their Mission UNICEF claims to be the worlds largest supplier of emergency retailers they shop from. On the other hand, as a sole trader, you have unlimited responsibility, which is where This hasn't changed. countries across the world. Learning aim A: Explore the features of different business organisations and what makes them successful

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