business enviroment

Essay by alonelystar1College, UndergraduateB, August 2014

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British Institute of Technology and E-Commerce

Assignment Submission

Programme: HND BTEC Edexcel

Unit Number and Title: Business Environment

Unit Level: Level 5

Table of contents

LO1 (Task 01): Understand the organizational purposes of business


Identify the purposes of different types of organization

you must


Describe the extent to which Siemens meets the objectives of different stakeholders


Explain the responsibilities of Siemens and strategies employed to meet stakeholders.

LO2 (Task 02): Understand the nature of the national environment in which businesses operate


Explain how economic systems attempt to allocate resources effectively.


Assess the impact of fiscal and monetary policy on business organizations and their activities.


Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization

LO3 (Task 03): Understand the behavior of organizations in their market environment


Explain how market structures determine the pricing and output decisions of businesses


Illustrate the way in which market forces shape organizational responses using a range of examples


Judge how the business and cultural environments shape the behavior of a selected organization

LO4 (Task 04): Be able to assess the significance of the global factors that shape national business activities


Discuss the significance of international trade to UK business organizations


Analyze the impact of global factors on UK business organizations


Evaluate the impact of policies of the European Union on UK business organizations.


Identify the purposes of different types of organization

Organization: a business organization can be defined as a social arrangement that has specific structure and objective. According to the previous researchers and purist the organization includes specialization and requirements of rational coordination. In order to achieve the organizational goal in an efficient manner the management of thrifty and divided the organisation in...