Unit 1 : Exploring Business

Features contributing to the success of contrasting businesses

It is unlikely you will meet all the pass criteria in under 4000 words.  We have a sample answer from Pearsons and it is over 5000 words!!

Introduction to the assignment (see assignment brief and make this a short section)

Private sector organisation

Background
Business name, start date, Head office address, key members of staff, products & services sold, how business has developed & grown

Business Features (P1 & P3 & M2)

Sub headings to include info on:-
Ownership (sole, partnership, Ltd, Plc, Co-operative) and liability (limited and unlimited)
Purpose (profit, not-for-profit)
Sector (primary, secondary, tertiary, quaternary)
Scope (local, national, international)
Size (micro, small, medium, large)
Reasons for success (e.g. innovative products, meeting needs of target market, adapting to external environment etc.)
Mission & vision & values statements
Aims and SMART objectives (3 aims & 2 SMART objectives for each aim)
Organisational structure (hierarchial, flat, matrix, functional) with an explanation and diagram.  Analyse how (give reasons why) the structure of the business allow it to achieve its aims and objectives. (consider the advantages their structure gives them and link in to aims & objectives)

Stakeholders (P2 & M1)

Explain who their key 4 external and 2 internal stakeholders are and what influence do those stakeholders have over the business.  Assess the relationships with their stakeholders and how do they communicate with them? (some independent research needed and referenced)

(Note: use side headings to identify each stakeholder and include a paragraph for each)

NOTE: ASSESS MEANS GIVING A JUDGEMENT BASED ON SOME EVIDENCE, SO DECIDE WHETHER IT IS A STRONG OR WEAK RELATIONSHIP & REASONS WHY.

---

REPEAT ABOVE FOR YOUR PUBLIC SECTOR/CHARITY ORGANISATION

Background
Business name, start date, Head office address, key members of staff, services provided, how business has developed & grown

Business Features (P1 P3 & M2)

Sub headings to include info on:-
Ownership (government, trustees)and liability (limited and unlimited)
Purpose (profit, not-for-profit)
Sector (primary, secondary, tertiary, quaternary)
Scope (local, national, international)
Size (micro, small, medium, large)
Reasons for success
Mission & vision & values statements
Aims and SMART objectives (3 aims & 2 SMART objectives for each aim)
Organisational structure (hierarchial, flat, matrix, functional) with an explanation and diagram
Analyse how (give reasons why) the structure of the business allow it to achieve its aims and objectives. (consider the advantages their structure gives them and link in to aims & objectives)

Stakeholders (P2 & M1)

Explain who their key 4 external and 2 internal stakeholders are and what influence do those stakeholders have over the business.  Assess the relationships with their stakeholders and how do they communicate with them? (Independent research needed and referenced)

(Note: use side headings to identify each stakeholder and include a paragraph for each)

NOTE: ASSESS MEANS GIVING A JUDGEMENT BASED ON SOME EVIDENCE, SO DECIDE WHETHER IT IS A STRONG OR WEAK RELATIONSHIP & REASONS WHY.

---

The criteria you are addressing in Assignment 1 are as follows:-

Evaluate the reasons for the success of two contrasting businesses, reflecting on evidence gathered	AB.D1
Analyse how the structures of two contrasting businesses allow each to achieve its aims and objectives.	B.M2
Assess the relationship and communication with stakeholders of two contrasting businesses using independent research.	A.M1
Explore the organisation structures, aims and objectives of two contrasting businesses.	B.P3
Explain how two contrasting businesses are influenced by stakeholders	A.P2
Explain the features of two contrasting businesses	A.P1

 

“You can order Exploring Business Assignment  from our service and can get a completely high-quality custom paper. Our service offers any of the BMGT2223 Academic paper written from scratch, according to all customers’ requirements, expectations and highest standards.”