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Business Environment
Aim
The aim of this unit is to provide
understanding of different types of organisations and how the stakeholders
influence the organisations. It provides knowledge of the purpose of the
existence of an organisation and how organisations meet the conflicting objectives
of the stakeholders.
You will learn the impact of different
environmental factors such as government legislations, climatic conditions,
economic, technological and social factors which directly or indirectly
influences the structure and the activity of the organisation. Organisations
have to function and adapt their operations within the market they exist in.
Hence, organisations adapt to this environment which affects the demand,
pricing and marketing strategies of their products.
In
order to pass this unit, you must achieve the following learning outcomes.
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Learning Outcomes
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Assessment criteria for pass
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1.
Understand the organisational
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1.1
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Identify the purposes of different
types
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purposes of businesses
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of organisation
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1.2
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Describe the extent to which an
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organisation meets the objectives of
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different stakeholders
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1.3
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Explain the responsibilities of an
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organisation and strategies employed to
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meet them
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2.
Understand the nature of the national
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2.1
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Explain how economic systems
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environment in which businesses
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attempt to allocate resources
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operate
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effectively
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2.2
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Assess the impact of fiscal and
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monetary policy on business
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organisations and their activities
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2.3
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Evaluate the impact of competition
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policy and other regulatory
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mechanisms on the activities of a
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selected organisation
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3.
Understand the behaviour of
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3.1 Explain how market structures
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organisations in their market
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determine the pricing and output
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environment
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decisions of businesses
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3.2
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Illustrate the way in which market
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forces shape organisational
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responses using a range of examples
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3.3 Judge how the business and
cultural
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environments shape the behaviour of
a
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selected organisation
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4
Be able to assess the significance of the
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4.1 Discuss the significance of
international
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global factors that shape national
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trade to UK business organisations
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Course
handbook
(Edexcel
BTEC Level 5 HND Diploma in Business) - 130204
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Page 5
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business
activities
4.2 Analyse
the impact of global factors on UK business organisations
4.3
Evaluate the impact of policies of the European Union on UK business
organisations
Reading list
Textbooks
Sawyer M, (ed) – The UK Economy: A
Manual of Applied Economics, 16th edition (OUP Oxford; 2004) ISBN:
9780199266517
Begg D – Foundations of
Economics, 4th edition (McGraw-Hill Higher Education, 2009) ISBN:
9780077121884
Morrison J – International
Business Environment: Global and Local Marketplaces in a Changing World (Palgrave
Macmillan, 2006) ISBN: 9781403936912
A & C Black Publishers Ltd –
Whitaker's Almanack 2010, 142nd Revised edition (A & C Black
Publishers Ltd, 2009) ISBN: 9781408113646
Journals
Harvard Business Review (Harvard Business Publishing)
The Economist (The Economist Newspaper Ltd)
The broadsheet newspapers have daily
business sections. Many business stories will appear in the news sections.
