Business Management

Q

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. You should use this organisation (and the industry in which it operates) as your example when one is required.

Provide a brief introduction (maximum 250 words) that identifies and outlines the legal structure (public company, private company, voluntary, charity, public sector, etc) and operations/purpose of your organisation and it main objectives, and conclude with a comparison to the purpose and objectives of another organisation such as a charity, a voluntary organisation, cooperative, private company. (Assessment Criterion 1.1)

For your selected organisation:

a) Identify and describe the extent to which your organisation can meet the needs of three different stakeholder groups effectively.

b) Explain the organisation's ethical responsibilities to its environment, employees and its customers and the strategies employed to meet these.

Task 2 – The nature of the national environment in which businesses operate.

a) Explain how a mixed economic model works in terms of allocating economic resources throughout society. Provide any examples from a country of your choice such as the 'living wage' recently introduced to the UK or 'minimum wages' in Hong Kong. (Assessment Criterion 2.1)

b) Assess how fis