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Qualification - OTHM Level 4 Diploma In Business Management

Unit Name - Business Environment

Unit Level - Level 4

Unit Reference Number - M/616/2719

Assignment Title - Business Context

Unit Number - Unit 02

Learning Outcome 1: Understand business organisations, their purpose and stakeholders.

Learning Outcome 2: Understand the economic implications of operating businesses.

Learning Outcome 3: Understand business market environments.

Learning Outcome 4: Understand the effects of Global Markets and the need for organisations to operate globally.

SAVE DISTINCTION MARKS IN UNIT 02 BUSINESS ENVIRONMENT - OTHM LEVEL 4 DIPLOMA IN BUSINESS MANAGEMENT ASSIGNMENT WHICH IS WRITTEN BY OUR PROFESSIONAL WRITER!

Scenario
You landed a job as a Junior Analyst working for the UK Government. Having been recently recruited, your manager wants to gauge how much you know before creating a tailor-made training plan for you.

He has asked you to prepare a portfolio with the main concepts in economy.

Task 1 - Portfolio

Instructions

You should create a portfolio with the following details

a. A table differentiating the purpose of public and private sector organisations

b. A general mind map showing the main stakeholders of an organisation and their objectives, including government, regulatory bodies, competition, etc.

c. A table showing the impact of fiscal policies and monetary policies on businesses

d. A table showing how resources are allocated in a Capitalist, a Mixed and a Socialist economy

e. A diagram showing the impact of supply and demand on the market

f. A diagram explaining Michael Porter's forces

g. A table explaining the effect of market decision (Good/service, cost, distribution, promotion) on business policies

h. A table showing the impact of various element of culture on business

i. A graph showing the value of international market to UK business over the last 70 years

j. A diagram showing the global factors on UK business

k. A diagram showing the impact of EU policies on UK business

GET WELL WRITTEN UNIT 02 BUSINESS ENVIRONMENT ASSESSMENT SOLUTION USING OTHM LEVEL 4 DIPLOMA IN BUSINESS MANAGEMENT ASSIGNMENT HELP!

LO

LO Description

AC

AC Description

1

Understand business organisations, their purpose and stakeholders.

1.1

Compare different types of organisations and their purposes.

1.2

Explain the stakeholder roles and strategic responsibilities.

1.3

Explain how different stakeholders' objectives are met.

2

Understand the economic implications of operating businesses.

2.1

Explain economic systems in relation to resource allocation and utilisation.

2.2

Assess the influences of fiscal and monetary policies on business activities.

2.3

Assess the impact of competition.

2.4

Evaluate the impact of regulation activities on organisations.

3

Understand business market environments.

3.1

Explain market decisions and its influences on the policies of a specified business.

3.2

Evaluate an organisation's response to market forces.

3.3

Explain the importance of assessing culture in the business environment.

4

Understand the effects of Global Markets and the need for organisations to operate globally.

4.1

Explain the value of international markets to UK businesses.

4.2

Explain global factors affecting businesses.

4.3

Evaluate the impacts of EU policies on UK businesses.

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