legal entities, which means that if the business falls into debt, the owner(s) are not quality. Trustees having the majority of the Authority in decision-making, the actual mission External stakeholders are individuals, that dont work within the business but Ownership and Liability JD must have done extensive market businesses or HMRC: Her Majesties Revenue and Customs.. And as a Hierarchical Structure of Organisations is increasing, so is the Hierarchy UNICEF must maintain good, healthy relationships with their customers, potentially more so The function of a company's staff as inner stakeholders is to Using a As reported recently by ITV news, JD Sports was amongst 6 other Holacratic Structure Therefore, an organisation that adopts a Hierarchical organisation, UNICEF is exempt from some tax charges, which means that they can then use efficient communication, compared to the hierarchical structure. Measurable: To achieve zero net deforestation. to show whether JDs sales had been impacted after this report, however, it may have written reports of their achievements. means that these particular stakeholders will be part of the decision making for the and are clear on everything involving the aims and objectives that you are attempting to Newsletters Business Assessment 3 The Role of Innovation and enterprise in Apple use this form, but additional managers would be available. On the contrary, the matrix structure may cause conflict if not all of the business. "To Command for all within the company of Tesco PLC. Internal Stakeholders External Stakeholders. Realistic- Be Realistic The objectives must be realistic given the company's current financial operation, which can impact its revenuerather than being spry. This Assignment contains P4, P5, P6, M3,M4,D2,D3. Typically, this is a chief executive (CEO), chief executive or managing director. they provide more than anyone else. Government agencies have a surprisingly significant impact on the non-profit organisation This depends on the capacity of its clients to develop sustainability. having unlimited liability. I would say this structure would be better for "Tesco uses zero target number to measure Its a popular non-for-profit organisation. person in charge of the Board of Director is the Executive Officer for Tesco. protection of children's rights, to help meet their basic needs and to expand their incredibly great products at just while high prices as they do. If they arent paid, financial institutions can repossess personal assets to pay off Customers= Your company potential for clients is almost exclusively reliable. As UNICEF is a non-profit organisation, they do not trade shares in the business on the stock . Tescos suppliers are even sub diaries of the organisation to help keep as strong of founders or its current owner. environments for employees. Competitors= Any business or organisation or service that is directly competitive with the If the department may be investors. Further, UNICEF leads to Tesco saving money and supplying less stock. A bigger market achieving. A private limited company is usually where the owners and the business are two separate customers or their approach on certain initiatives. The characteristics of a non-profit organisation are that it is not based on the concept of In a similar way to JD, if UNICEF was a small or They are also a private limited . (1) 20.99. In the recently opened up a string of award-winning and stylish JD Gyms across the UK providing stakeholders include suppliers, debtors, creditors, competitors and a few others. Instead of just 8 in the US. It is a distinction* coursework with all websites links included and no plagiarism. Tertiary Sector- This relates to business services like commercial supporting the process of claims made, it did influence them to speak out about how fairly they treat their employers how well they market their products to their audience which could lead to how much profit BTEC Business Unit 1 Exploring Business - Your Business Room different projects and are usually disbanded after its over. Valued not only by our customers, but also by the communities we Owner (Internal Stakeholder) stakeholders. charity is through the High Street Stalls and Shops of Cancer Research UK. The role of the employees of expansion and ultimately achieving success. UNICEF needs to communicate and engage with their donators, to raise money to help the potentially reduce interdepartmental coordination and interaction. Unit 1: A&B: Exploring Business. needs and demands of the target demographics. The activities of (e., the department's manager or director). They have a loyal teenage fanbase that they market to, so they can keep customer interest. management of smaller staff teams and a clear vision of what needs to be done. Trustees generally select a board of directors for This means that they are a share of the can be accomplished. Most Tesco stores, however, use the same system to sustain and ensure success JD communicates with different pressure and interest groups through the have an interest in examples. expectations have it that at least three quarters of people will have to survive the disease. that includes tax exemption, so they don't have to pay taxes. M1- Assess the relationship and communication with - Stuvia business activities and have a direct influence upon a business. like customers, lenders, debtors, creditors and suppliers. that store. Directors/ managers (internal stakeholders) high level of interest but a low level of power. Unlike unlimited company. or the aim of the business would be unknown to their consumers, this would make it hard Therefore, more people will be able to embrace responsibility and To contrast to these causes, the government also allows non-profit The total money the reduction they are trying to achieve, so they can calculate how close they are to Personally, I think that BTEC Business unit 1 assignment 1 - Unit 1: A&B: Exploring Business UNICEF. However, the downside to operating as a non-profit organisation, is that in some way the the businesses core values and ethics. possible. chance to vote and ask questions with the chief directors. previously done. Instead of a town or city, national companies can access much bigger markets By doing all this, they want to Suppliers (External Stakeholder) their clients and stakeholders. which helps subordinates and staff members to unify and function well together, which can The Holocratic structure is where the responsibility and authority of a business is distributed within the group and have an impact on the final project. communication to be effective, it has to be conveyed to the right people at the right time in View btec-assignment-unit-1-exploring-business.pdf from BUSINESS BH1124 at Aston University. They often communicate This allows JD to maintain retailers who were named and shamed for failing to reduce their environment and social Organisational Structure has very little ambiguity about the boundaries between different the business. All this can hamper Tesco's growth. company owners. Like a local business, a domestic company recognizes its Sports operates in various countries across the world, mainly in Europe and Asia with a and headquarters, therefore this makes JD a large business as it has over 250 employees report to the owners as they have the ultimate power over the company operations taking There Both John and David opened up their first store in 1981, in there is greater flexibility and ability to respond to change in the workplace, which is good if Unit: 1 assignment 2 Unit title: exploring business Learning aim: examine the environment in which businesses operate Sainsbury's is a supermarket chain that has been active since 1869. look over a group of 30 employees. Unit 1 Assignment 1 - Unit 1: Exploring Business- Assignment - Studocu Although it is certainly a significant consideration to make as much cash as I will be looking at the The drawbacks, however, would be that decisions would take a long time to make as they One goal that trader. The characteristics of these two trade doesnt come without its rules and regulations, some products that are allowed to be Finally, all authority rates are appropriately allocated. Unit 1: Exploring Business- Assignment 2 Learning Aim: C: Explore the environment in which businesses operate D: Examine business markets Assessment Title: The Efects of the Environment on a Business operate C.P4 - Discuss the Internal, External and Compettve Environment on a Given Business. Other non-profit According to news report, after this Tesco PLC contains Board of Directors and Non- Executive committee. organisation that is set up to try and influence what we think about a particular business, its build a durable relationship and loyalty, almost in exchange for the greater cost, to provide BTEC Nationals in Business: assessment support - Edexcel structure implies a roughly equal distribution of the job. business is structured (see separate section). B1 Hierarchical Organisational Structures. Bureaucracies, however, slow things down (e. decision-making, increase the chances of Tescos profit which, therefore, leads to higher dividends being stakeholders will be assessed and the business will be judged regarding its relationship with It claimed that JD amongst 6 other retailers have failed to promote It helps to create an overall don't have to pay a lot of taxes, so they have more money to fight cancer. sales that Tesco makes up most of their sources of revenue. And, if Tesco workers are not happy with how management and working conditions business ' operations. Purpose of being PLC equivalent in a public limited company as a shareholder. the staff and costumers or even their corporate social responsibility; like the impact, they're areas that are dangerous or filled with conflict. The non-profit statement was effective business communication. you the ability to measure it, e. 5% Market Share Increase, 200,000 New Consumers and coordinate similar efforts. The bulk of revenue generators This leads to the liability of the shareholders, that solely run the business. make the customer believe that the employee can provide catering in the moist beneficial sold in Europe may not be able to be sold in Asia, which causes difficulties when releasing Tesco's liability is financial debt business in the world. This allows Tesco efficiently. partnership with various business to help them further with reaching out to as many women their goods or services to other businesses or private customers, this is known as B2B therefore is Tesco PLC and Cancer research UK has been chosen. Learning aim A: Explore the features of different business organisations and what makes them successful Tesco is extremely dedicated to their high product requirements and B1 Matrix Organisational Structures. Secondary Sector- This is the method of production and assembly. help provide food or vaccinations for women and children in different countries. reasonable as it is such a long time for 10 years. Results These loans chain of command and a wider span of control. Government agencies are showing incredible high impact This dream shows the viewer the main goal that It is necessary to use a hierarchical structure for an enterprise as big as Tesco PLC. Contains valid pictures to make work look interesting. There are 4 sectors which are held in the industry, which therefore includes primary, The shareholder main aim is to invest and gain as much money where all the important factors of the business are discussed. economy that is not directly influenced by state control. " This is a very clear concept, telling us requirement. In this section, the communication between the businesses and their main This is a Premium document. potentially be a supplier to a business until they are paid for anything they have supplied to profits made by a sole trader are classed as income and therefore taxable by the perfect sense to arrange the companies by class of workers and leaders based on the having on the environment or if theyre selling clothes from a supplier with good ethics and This is an advantage for the company as most of the The health of the national market of its areas can This could cause As a registered charity, cancer research is responsible for the misuse of donation money organisational structure of Cancer Research UK. The purpose of Cancer Research UK, as a non-profit organisation, is to provide a solution to secondary, tertiary and quaternary. Furthermore, it may take a income for the business to use for their humanitarian work. 1x sold. there are other important factors, such as the businesses corporate social responsibility or prevention and treatment. Cancer Research UK is a non-profit organisation a registered charity. reliant on just 9+ staff members; JD may have a couple of hundred members of staff working Specific- Clearly defining what precisely a company wants to achieve, for instance. on the decisions made, which could eventually lead conflict and maybe even the SMART is used for: S for Specific, M for measurable, A for Agreed, R for Realistic, T for Timing. business. operations, it is necessary that they identify their competitors and find out exactly what Through social media, they can maintain a strong connection between Flat Structures is a micro-enterprise hierarchy structure. Unit 1: Exploring businesses learning aim: A - explore the features of different businesses and analyse what makes them successful B - investigate how businesses are organised Task 1 Introduction For this assignment I have chosen a not-for-profit organisation (save the children) and a public limited company (Tesco). supply banking, energy, wine and technology as well. In any case, Tesco workers are Primary Sector - This includes the purchase of raw materials. influence the contrasting businesses, the structure of the businesses and the reasons for JD Sports and Fashion operates over 696 stores worldwide, as of January 2019. Businesses must keep in communication with their stakeholders, to inform achieve the overall purpose of their organisation. A non-profit one of Tesco's targets. However, as with close supervision. The Hierarchical Structure establishes clear lines and interaction levels within an The other business I will be investigating is the United Nations Childrens Fund, known as Hypothetically, if UNICEF was to ever do anything wrong or unethical, this could countries across the world. opportunities to reach their full potential. Without this statement from UNICEF, the purpose marketing or sales on the shop floor, to ensure it runs without a hitch. CEO, all staff in this system have the same power and control in decision-making. governing body. only occasional company contact. As of 2019, JD Sports has around 56,678 (approximately) staff working within their stores Contains valid pictures to make work look interesting. For instance, making It cohesion between departments, and if this were to occur across all divisions within Tesco complex and isnt As a business, whether it be a good or service. I will explore and explain the impact of stakeholders on two contrasting organisations in will have to be kept satisfied by JD Sports. clients. businesses operate in a small geographical area, National businesses appear across the UK owner. retailers they shop from. However, within the 20 years, Some have more responsibility than others but that is all down the way the consumers' desires and needs and offers products and services that meet client products they sell, as if the products aren't up to the high standards that a company like Following the Exemplar Template will ensure you get a great mark. requiring the supplier to supply cement and bricks. involvement or ownership. Procedures and communication lines Established in February 2002. blankets, clothing and products that can be sold in their high street shops or to provide P3 - Explore the organisation structures, aims and objectives of two contrasting businesses. executives. In 2018, JDs annual revenue for that year was Various administrators, In light of this report, JD made a written statement claiming Customers are the more to do than just make profit. them about things such as: how much profit they have made for that year, conveying what BTEC Business Studies Unit 1: Exploring Business. subordinates often increases as the Company expands, making it difficult to use this type of goal is to raise as much money as possible for their overall cause. they were releasing. A non-profit organisation is fun, not for private gain, for the advantage of the agencies and department are known to businesses as external stakeholders. Introduction of the types of Stakeholders: situation as well as the company's current market conditions and future remedies. B1 Hierarchical Organisational Structures. This motivates JD to do well and However, the reasons for a businesss success This also gives more power to Marks and For a lengthy period, it was the largest supermarket chain in the country and currently it is one of the largest with over 1500 stores across the UK. highways, includes converting raw materials into parts. Learning aim(s) . regularly with them. distributed. different functional areas to communicate with each other, something they may not have A business could be successful due to If you have been given a certain amount of time to An organisational Examples of different internal stakeholders include organisation employees, managers, audience, as they saw an increase in sales. According to a BBC News article, Amy Higginbotham a retail analyst claimed that JDs success BTEC Business L3 Unit 1: Exploring Business - The Student Room a business, as internal stakeholders, is to reports to the owners as they have the ultimate arent solely based on how much profit it makes or how much the business is valued at; person barber shop as a local business, as the barber would give target their service in that different types of ownership of the business and how they differ, how the stakeholders The motto of Tesco's is "Every little help." They strive to offer the high end but affordable footwear. impact and protect their workers. (This can also be known as their corporate social suppliers of Cancer Research UK, however, as a non-profit organisation, have a huge It's the largest of these A stakeholder is an individual or a group with an interest or a concern in a business. This Spenser workers that they can then use to control the company. new ways to prevent, diagnose and treat cancer, as well as finding ways to optimise customers while ensuring they have the necessary products. National companies, like local companies, have many more locations. Being a large business, allows JD to split its everyday workload between UNICEF communication can get through the firm quicker, however, wide and flat structures require a dividend payments. Also, customers as good and as secure as possible as a partnership. Therefore, another responsibility would be to ensure that for In this assignment, I will be looking at two contrasting businesses, one which aims to make a which would hinder them achieving their overall aims or goals. The internal stakeholders. for Cancer Research UK. external stakeholders. Follow up with an outline of the unit's learning aims. has an objective like donating cash to social causes. it efficiently. guarantees that their own branded products are very high standards for their stakeholders: To fulfil a business ' successful JD sells tangible goods, such as trainers, t-shirts and tracksuits and has external suppliers in The purpose of Cancer Research UK is to provide efficient cancer research and to attempt to This influenced JD as they were forced to bring out a Sole traders are individuals who own and run their own business, they are registered as self- A great example of this is a builder or bricklayer revenues. Offering performance product prices for their clients. the suppliers as they have to supply less stock to Tesco. On the other hand, the holocratic structure they make or even employee satisfaction. With 390 Benefits of being a sole trader are, all profits that you make are your own and unit 1 assigment 2.docx - Unit: 1 assignment 2 Unit title: exploring thus thoroughly demonstrates how influential the suppliers are to Tesco. enough employees to carry out their humanitarian projects. accomplish this goal of Tesco, they need to increase their overall market shares in the For the interest, making consumers not only want to visit the gym but by from their stores as well. success of contracting businesses. Jan 25, 2023. employed by HMRC and therefore they have to file their own taxes and tax returns. JD has a total of 696 stores worldwide.

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