Scenario: The UK economy comprises of businesses of all shapes and sizes. These include small businesses such as sole traders, small private limited companies and large public limited companies. Each of these organisations has its own unique purpose and style of management. Requirement: You are required to identify the purposes of different types of organisations (covers AC 1.1) Scenario: According to BT: 'Focusing on our purpose 'to use the power of communications to make a better world' helps us expand our vision and achieve more for our customers, shareholders, employees and communities. How we use the power of communications in what we say, what we do and what we deliver. So we're building on our existing 2020 goals with more ambitions reflecting the way we can best help everyone live and work better.' Requirement: Write a report to the board of directors of BT and in the report you should: • Describe the extent to which BT meets the objectives of different stakeholders (covers 1.2) Guidelines: Your answer should include an identification of various stakeholders for BT and a description (through research) of how successful has BT been in meeting the objectives of these stakeholders • Explain the responsibilities of BT towards stakeholders and the strategies employed by BT to meet these responsibilities (covers 1.3) Guidelines: Your answer should include an explanation of the obligations (responsibilities) that BT has towards various stakeholders and what strategies has BT adapted to meet these obligations. M2 can be achieved if the content of the report reflects the use of appropriate research methods, techniques and justified sources D2 can be achieved if the report demonstrates independent research; planning and organising. And the research on BT illustrates all relevant points of the requirement This task covers assessment criteria 1.1, 1.2 and 1.3 Task 2: LO2: Understand the nature of the national environment in which businesses operate Requirement: You have been approached by the Department of Business Innovation & Skills to write a report to the senior members. Your report should include the following: • An explanation of how economic systems attempt to allocate resources effectively (covers 2.1) Guidelines: Your answer should include an explanation of various economic systems; command, free enterprise, mixed and transitional system and how these systems attempt to distribute resources • An assessment of the impact of fiscal and monetary policy on business organisations and their activities (covers 2.2) Guidelines: Your answer should include an assessment of how the fiscal and monetary policy in an economy impact a business; operations, trade and activities of a business Scenario: According to BBC 'BAA told by Competition Commission to sell two airports' Ref: http://www.bbc.co.uk/news/business-12903669 Requirement: Write a letter to the CEO of BAA and present an evaluation of the impact of competition policy and other regulatory mechanisms on the activities of BAA. (covers 2.3) Guidelines: Your answer should include an evaluation of how the competition policy and regulatory mechanisms (trade or government regulators) affect the activities of BAA. This task covers assessment criteria 2.1, 2.2 and 2.3