This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Explain the four different types of economic systems
LO1 Understand the organisational purposes of businesses
1.1 Identify the purposes of different types of Organisation
1.2 Describe the extent to which an organisation meets the objectives of different stakeholders
1.3 Explain the responsibilities of an organisation and strategies employed to meet them
LO2 Understand the nature of the national environment in which businesses operate
2.1 Explain how economic systems attempt to allocate resources effectively
2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation
LO3 Understand the
organisations in their
3.1 Explain how market structures determine the pricing and output decisions of businesses
3.2 Illustrate the way in which market forces shape organisational responses using a range of examples
3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation
LO4 Be able to assess the
significance of the
global factors that
4.1 Discuss the significance of international trade to UK business organisations
4.2 Analyse the impact of global factors on UK business organisations
4.3 Evaluate the impact of policies of the European Union on the UK business organisations
Assignment Type – Summative Report
The aim of this unit is to provide learners with an understanding of different organisations, the influence of stakeholders and the relationship betweenbusinesses and the local, national and global environments.
You have been employed as an economic advisor for a new government committee exploring business environment locally and globally. You will have to create an overview of business organisations that you have examined for further understanding and information. You must pay special attention to the interaction of businesses with stakeholders in the wider community. In addition to this, you are required to provide a discussion on the external business environment and how it shapes organisational operations and responsibilities, in light of what ownership each business has.
You must show that everyorganisation has a set of objectives which it needs to achieve in order to assess success or failure. For different types of organisations, these objectives differ widely. You must also outline the main purposes of different types of organisations, study how monetary, fiscal, resource allocation and government policies affect a company.
You will also have to consider organisational behavior in light of factors like market structures culture, other global factors, and show your understanding of how these may shape your organisation.
Task-1 Understanding Organisation purpose of business (AC 1.1, 1.2, 1.3)
You need to identify the purposes of different types of organisation. In this section of the report will include the following:
1.1 Identify the purpose of two contrasting businesses as part of your role as an economic advisor to the government committee.
Purpose includes organisation Mission, Vision, Aims and objectives etc. (1.1)
1.2In your capacity as an advisor to the government committee mentioned in the scenario, describe what are the objectives of stakeholders in the two contrastingorganisations and the extent to which each organisation is meeting those objectives..
Different stakeholders are: Owners, Customers, Suppliers, Employees, Trade Unions and Employer Associations etc. (1.2)
1.3As part of your role as an economic advisor, choose one organisationof your choice and explain the responsibilities of the organisation and strategies employed to meet them.
These could be legal responsibilities, employment responsibilities, social responsibilities and environmental responsibilities. Think of responsibilities that arise as a result of objectives.
Task-2 Understand the nature of the National Environment in which business operates (Ac 2.1, 2.2, 2.3)
2.1In your capacity as a consultant government committee, explain the four different types of economic systems that exist and how they affect your selected organisation.
Discuss this within the context of the UK economy and give all examples from the UK economy(WHERE APPLICABLE)- talk about the allocation and use of resource when explaining each of these economic systems (financial, natural and human resources).
2.2As part of your consulting work, assess the effect of the fiscal policy and monetary policyonyour selected UK basedorganisation.
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of yourselected UK organisation and present your findings in your capacity as an economic advisor.
Task-3 Understand the behaviour of organisations in their market environment
3.1Explain how your selectedorganisation may behave in each of the basic types of market structures and how can it determine the pricing and output decisions in each of the cases, in your capacity as an economic advisor.
3.2Illustrate with one example for any three market forces, the way in which they shape the behavior of a given organisation of your choice and its responses. You may consider the following market forces when discussing your organisational behavior.
1.Supply and demand
2.Customer perceptions and actions
3.Research and development
4.Economies of scale
5.Labour Market Trends
Include this information in your capacity as an advisor to the government committee. (3.2)
3.3In your capacity as an economic advisor, judge how the business and cultural environments shape the behavior of the selected organisation.
Task-4 Be able to assess the significance of the global factors that shape national business activities
4.1Asan economic advisor to the government committee, Discuss the significance of international trade and the UK economy to the UK business organisation.
4.2 Analyse the impact of any three global factors on the selected UK business organisation and include this information as a part of your government consultation.
Global factors could include:
4.World Trade Organisation (WTO)
4.3.In your capacity as an economic advisor, Evaluate the impact of policies of the European Union on the UK business organisation and discuss the impact of BREXIT.You may choose any three policies from the list below:
A pass grade is achieved by meeting all the requirements listed in the assessment criteria above. Additionally, you may achieve higher grades as below.
In order to achieve a Merit the learner must achieve all three merit descriptors:
M1: Identify and apply strategies to find appropriate solutions Complex problems with more than one variable have been explored
Effective judgments have been made
To achieve M1 you will have to apply appropriate strategies that describe the extent to which an organisationmeets the objectives of its stakeholders.
For e.g. cost effective production methods to keep price low, quality controls to ensure that customer gets best quality at reasonable price
M2: Select/design and apply appropriate methods/techniques
Relevant theories and techniques have been applied
Complex information/data has been synthesized and processed
To achieve M2 you will have to apply appropriate methods to realize and explain corporate responsibilities and the strategies employed to meet them.
M3: Present and communicate appropriate findings
The appropriate structure and approach has been used
The communication is appropriate for familiar and unfamiliar audiences and appropriate media have been used.
Communication has taken place in familiar and unfamiliar contexts
To achieve M3 you will have to present and communicate your findings in an appropriate way using different models and charts.
In order to achieve Distinction the learner must achieve all three merit descriptors in addition to these distinction descriptors:
D1: use critical reflection to valuate own work and justify valid conclusions
Self-criticism of approach has taken place
Conclusions have been arrived at through synthesis of ideas and have been justified
Realistic improvements have been proposed against defined characteristics for success
To achieve D1 you will have to critically evaluate your own work and justify valid conclusions about the effect of market forces mentioned earlier.
D2: Take responsibility for managing and organizing activities
Autonomy/independence has been demonstrated
The importance of interdependence has been recognized and achieved
To achieve D2 you will have to organise and manage your findings about the effect of international trading on a UK organisation
For e.g. show the interdependence of relevant trade factors affecting the organisation.
D3: Demonstrate convergent/lateral/creative thinking
Self-evaluation has taken place
Problems have been solved
Effective thinking has taken place in unfamiliar contexts
To achieve D3 you will have to critically analyse and evaluate the impact ofEU policies and BREXITonyour selected organisation.
Plagiarism free Answer files are strictly restricted for download to the student who originally posted this question.
Explore the following linked resources that describe organizational culture in two different workplaces: the Gjøa offshore platform and Volkswagen (during 2006-2015). 1. The Life Onboard
Bob is project manager for a construction company. The firm is the general contractor and is building a skyscraper in a well-known Middle Eastern country.
Explain via a report the values and standards required by an organisation and how they relate to performance management. Include in the report team and