Assignment questions: Specification of Assessment LO1 (Task 01): Understand the organisational purposes of business 1.1 Identify the purposes of different types of organisation 1.2 Describe the extent to which Siemens meets the objectives of different stakeholders D1 Critically evaluate the responsibilities of Siemens to meet stakeholders objectives. 1.3 Explain the responsibilities of Siemens and strategies employed to meet stakeholders. M1 Identify and find the mission and objectives of Siemens. LO2 (Task 02): 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 …show more content…
Assignment guidelines .................................................................................................................................................................. 1 Understand the organisational purposes of businesses (Questions: 1.1, 1.2, D1, 1.3, M1) Categories of organisation: legal structure; type eg private company, public company, government, voluntary organisation, co-operative, charitable; sector (primary, secondary tertiary) Purposes: mission; vision; aims; objectives; goals; values; profits; market share; growth; return on capital employed (ROCE); sales; service level; customer satisfaction; corporate responsibility; ethical issues Stakeholders: owners; customers; suppliers; employees; debtors; creditors; financial institutions (banks, mortgage lenders, credit factors); environmental groups; government agencies (central government, local authorities); trade unions Responsibilities of organisations: stakeholder interests; conflict of expectations; power influence matrix; satisfying stakeholder objectives; legal responsibilities eg consumer legislation, employee legislation, equal opportunities and anti-discriminatory legislation environmental legislation, health and safety legislation; ethical issues eg environment, fair trade, global warming, charter compliance eg Banking Code 2 Understand the nature of the national
In this task I will be describing eight different stakeholders which are; customers, employees, suppliers, owners, trade unions, employer associations, local and national communities and the government. I will be stating what they are, who they are, why they useful, how they influence stake holders on organisation and why they are useful to business I have chosen which is Tesco and The British Heart Foundation.
The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as
The key stakeholders in a business include customers, suppliers, employees, local and national communities and governments.
The provision and use of personal protective equipment could include using gloves, glasses, earmuffs, aprons, safety footwear, dust masks.
There are many different paths people can take throughout their lives. In the novel, Fifth Business by Robertson Davies, the main character, Dunstan Ramsey, takes the path of the Canadian hero. There are many different steps to be taken by the hero and Dunstan Ramsey follows his path by completing each step.
1. Give an example of a case that would fall under diversity jurisdiction. Explain all of the key elements of such a case.
In the case in the text where someone purchased a used safe at an auction for $50, but
Stakeholders have a significant influence on the aims of an organisation. They are the people who are affected by or interested in the business. In some organisations the shareholders are stakeholders, and at times have some of the decision power. In trade organisations, customers are also considered stakeholders; therefore their needs are part of the organisation’s overall objectives.
3. For a crime to be committed, the prosecutor must be able to prove a criminal intent and an overt act to carry out that intent. Jack and Mary agreed to rob a series of banks. Prior to beginning their bank robbery spree, they were arrested and charged with criminal conspiracy. What act did Jack and Mary do that justifies a finding that they committed the crime? Explain.
Difficult to define, ethical responsibility is the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context (Investopedia LLC., 2015). Social responsibility is the concept that businesses develop a positive relationship to the society and environment, which they operate; and not focus, solely on maximizing profits (Stan Mack, 2015).
Stakeholders can be divided into internal and external claimants. Internal claimants include shareholders and employees including the managers of the firm. External claimants typically comprise customers, suppliers, bankers, competitors, governments, trade unions, alliance partners, communities and the general public. Looking further into external stakeholders one could, also include the environment.
1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why?
Local Authority, councils, Providers, customers, suppliers, labourers, trades, funders, quality assessors, banks, debtors, surveyors, attorneys and government
Sri Lanka has immense economic opportunity for aspiring entrepreneurs. The route that I would personally take if I lived in this country would be the venture into the Information technology industry. Sri Lanka is a developing country and with that IT can be a promising venture for any entrepreneur. According to the CIA, only 32.1% of the population are internet users and this could convey a possible business opportunity to inspiring entrepreneurs. A business startup that targets this market could bring immense value. The allocation of resources to achieve this could be a troublesome matter, but it could be done with hard work. There is competition in this industry, but an entrepreneur could set themselves apart from
Ensuring a better tomorrow that is Bit- Protect slogan it simple but powerful everyone should rest easy at night knowing that financial, or personal life is in great hands. With having a company that will protect hundreds of thousands maybe even millions the cost of affording my protection plans will be gear toward affordability than profit that I could potentially make. My company plans will come in three major packages, and each package will come with spam protection, daily viral scanning for illegal transactions or activities. Also, I will have in place the most detailed firewall protocol that will be built to not only detect dangerous data but also destroy them as well. It’s a tall order because most firewalls program today only