Reference no: EM132994032
Unit 02 Business Environment - OTHM Level 4 Diploma In Business Management
Unit Reference - M/616/2719
Business Context
Learning outcome 1: Understand business organisations, their purpose and stakeholders.
Learning outcome 2: Understand the economic implications of operating businesses.
Learning outcome 3: Understand business market environments.
Learning outcome 4: Understand the effects of Global Markets and the need for organisations to operate globally.
Scenario
You landed a job as a Junior Analyst working for the UK Government. Having been recently recruited, your manager wants to gauge how much you know before creating a tailor-made training plan for you.
He has asked you to prepare a portfolio with the main concepts in economy.
Task 1 - Portfolio (All LOs)
Instructions
You should create a portfolio with the following details
a. A table differentiating the purpose of public and private sector organisations
b. A general mind map showing the main stakeholders of an organisation and their objectives, including government, regulatory bodies, competition, etc.
c. A table showing the impact of fiscal policies and monetary policies on businesses
d. A table showing how resources are allocated in a Capitalist, a Mixed and a Socialist economy
e. A diagram showing the impact of supply and demand on the market
f. A diagram explaining Michael Porter's forces
g. A table explaining the effect of market decision (Good/service, cost, distribution, promotion) on business policies
h. A table showing the impact of various element of culture on business
i. A graph showing the value of international market to UK business over the last 70 years
j. A diagram showing the global factors on UK business
k. A diagram showing the impact of EU policies on UK business
Attachment:- Assignment_Brief.rar
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