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Week1 Session1 Understand the organisational purposes of businesses LO1 1.1 Identify the purposes of different types of organization? LECTURE/TUTORIAL/GROUP DISCUSSION Categories of organisation: legal structure; type eg private company, public company, government, voluntary organisation, co-operative, charitable; sector (primary, secondary tertiary) Textbooks: Level 4 HND in Business The Business Environment 6th edition Ian Worthington and Chris Britton Class exercise/ Individual practice questions or group activities Week2 Session1 LO1: Understand the organisational purposes of businesses. 1.2 Describe the extent to which an organisation meets the objectives of Mission; vision; aims; objectives; goals; values; profits; market share; growth; return on capital employed (ROCE); sales; service level; Level 4 HND in Business The Business Environment Class exercise/ Individual practice questions or group activities different stakeholders? customer satisfaction; corporate responsibility; ethical issues Owners; customers; suppliers; employees; debtors; creditors; financial institutions (banks, mortgage lenders, credit factors); environmental groups; government agencies (central government, local authorities); trade unions. 6th edition Ian Worthington and Chris Britton Week3 Session1 LO1: Understand the organisational purposes businesses 1.3 Explain the responsibilities of an organisation and strategies employed to meet them? 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. As above Class exercise/ Individual practice questions or group activities Week4 Session1 L.O:2 Understand the nature of the national environment in which businesses operate. LO2 2.1 Explain how economic systems attempt to allocate resources effectively? Economic systems: the allocation of scarce resources; effective use of resources; type of economic system eg command, free enterprise, mixed, transitional, balance of payments; balance of trade; exchange rates; trading partners; public finances (revenues, expenditure); taxation; government borrowing; business behaviour eg investment, objectives, risk awareness; cost of capital; consumer behaviour; propensity to save; propensity to spend. Textbooks: Level 4 HND in Business The Business Environment 6th edition Ian Worthington and Chris Britton Guide BTECH Level 4 HNC Level 5 HND in Business Class exercise/ Individual practice questions or group activities Week5 Session1 L.O:2 Understand the nature of the national environment in which businesses operate. 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities Government policy: economic goals; fiscal policy: control of aggregate demand; central and local government spending; Public Sector Net Borrowing (PSNB) and Public Sector Net Cash Requirement (PSNCR); euro convergence criteria, monetary policy; interest rates; quantitative easing; private finance initiative (PFI); As above Class exercise/ Individual practice questions or group activities Week6 Session1 L.O:2 Understand the nature of the national environment in which 2.3 Evaluate the impact of competition competition policy (up-to-date legislation including Competition Act 1998, As above Class exercise/ Individual practice businesses operate. policy and other regulatory mechanisms on the activities of a selected organisation Enterprise Act 2002); Competition Commission, Office of Fair Trading; Directorate General for Competition); European Commission); sector regulators e.g. Ofgem, Ofwat, Civil Aviation Authority; Companies Acts; regional policy; industrial policy; enterprise strategy; training and skills policy questions or group activities Week7 Session1 L.O.3 Understand the behaviour of organisations in their market environment. LO3 3.1 Explain how market structures determine the pricing and output decisions of businesses? Market types: perfect competition, monopoly, monopolistic competition, oligopoly, duopoly; Competitive, advantage, strategies adopted by firms; regulation of competition Textbooks: Level 4 HND in Business The Business Environment 6th edition Ian Worthington and Chris Britton Pearson Business Study Guide BTECH Level 4 HNC Level 5 HND in Business Class exercise/ Individual practice questions or group activities Week8 Session1 3.2 illustrate the way in which market forces Market forces and organisational responses: supply and demand, elasticity As above Class exercise/ Individual practice shape organisational responses using a range of examples? of demand; elasticity of supply; customer perceptions and actions. questions or group activities Week9 Session1 3.3 Judge how the business and cultural environments shape the behaviour of a selected organization? Multi-national and transnational corporations; joint ventures, outsourcing; core markets; labour market trends; employee skills, technology; innovation; research and development; core competencies; business environment (political, economic, social, technical, legal, environmental); cultural environment As above Class exercise/ Individual practice questions or group activities Week10 Session1 L.O.4 Be able to assess the significance of the global factors that LO4 4.1 Discuss the significance of international trade to UK business Global factors: international trade and the UK economy; market opportunities; global growth; protectionism; World Trade Organisation (WTO); Textbooks: Level 4 HND in Business The Business Environment Class exercise/ Individual practice questions or group activities shape national business activities organisations? emerging markets (BRIC economies – Brazil, Russia, India, China); EU membership; EU business regulations and their incorporation in to UK law; EU policies eg agriculture (CAP), 6th edition Ian Worthington and Chris Britton Study Guide BTECH Level 4 HNC Week11 Session1 L.O.4 Be able to assess the significance of the global factors that shape national business activities L.O.4 Be able to 4.2 Analyze the impact of global factors on UK business organisations? business, competition, growth, employment, education, economics and finance, employment, environment, science and technology, regional); labour movement; workforce skills; exchange rates; trading blocs (eg monetary unions, common markets; customs unions, free trade areas); labour costs; trade duties; levies; tariffs; customs dues; taxation regimes; international competitiveness; International business environment (political, economic, social, technical, As above Class exercise/ Individual practice questions or group activities Week 12 Session1 assess the significance of the global factors that shape national business activities 4.3 Evaluate the impact of policies of the European Union on UK business organisations? legal, environmental); investment incentives; cost of capital; commodity prices; intellectual property; climate change eg Kyoto Protocol, Rio Earth Summit; third world poverty; the group of 20 (G- 20); global financial stability



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