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ASSIGNMENT SUBMISSION FORM

This sheet must be submitted with your assignment. Failure to complete, sign and submit this form will result in a mark of ‘0’ for the assignment.

Student Name

Student ID

Assessor Name

Qualification

Pearson BTEC Level 5 HND Diploma Business (Management)

Unit Number & Unit Title

Unit 1 BUSINESS AND BUSINESS ENVIRONMENT

Assignment Title

The Body Shop

Date of Submission

July 30th 2018

Signature: ……………… ……………………… Date: __________________

TABLE OF CONTENTS

Task 1

1.0 Introduction

(Define and briefly explain what an organisation is by stating its characteristics/features)

Types of organisations

(Name the broad classification of organisations)

1.1 Public Sectors Organisations

(Define and clearly explain what public organisations are. In explaining public sector organisations, the following need to be clearly brought out under separate sub-headings :)

§ Basic characteristic (features) – state ownership, state control, public accountability, autonomy and coverage)

§ Goals and objectives

§ Legal form of public organisations

1.2 Private sector organisations

(Define and briefly explain what are private sector organisations are. Identify some of the objectives and goals of private sectors organisations.

Types of private sectors organisation

(You are required to explain each of these forms of business organisations – features, advantages, disadvantages and legal form)

Sole traders

(Define and briefly state the features/characteristics of a sole trader)

Objectives/Purpose of sole traders

Legal status of a sole trader

Partnerships

(Define and briefly state the features/characteristics of a General Partnership)

(Define and briefly state the features/characteristics of a Limited Liability Partnership)

Legal status of general and LLP

Objectives/Purpose of partnerships

Companies

(Define and briefly state the features/characteristics of a company. Differentiate public company and private company)

Objectives/Purpose of companies

Legal status of a company

Joint ventures

(Define and briefly state the features/characteristics of a joint venture)

Objectives/Purpose of joint ventures

Legal status of a joint venture

Franchising

(Define and briefly state the features/characteristics of a franchise.)

Objectives/Purpose of a franchise

Legal status of a franchise

Licensing

(Define and briefly state the features/characteristics of a license).

Objectives/Purpose of licensing

Legal status of licensing

1.3 Voluntary sector organisations

(Define and briefly explain what voluntary sectors organisations are. Clearly state the goals and objectives of voluntary organisations”

Types of voluntary organisations

Distinguish the differences between:

NGOs

NPOs

2.0 Scope of an organisation.

(Briefly explain the meaning of organisational scope)

Factors that determine the size of an organisation

(State the factors that determine the size of an organisation)

Small and medium sized enterprises

(Clearly define SMEs)

2.1 Scope of different organisations

(You are required to explain the scope of the following organisations

Local company

National company

International Company

Multinational Company

Global company

2.2 An analysis of how structure, size and scope of organisations affect their objectives and the products and services they offer (M1)

3.0 Organisational functions

(Define and briefly explain what organisational functions are?)

3.1 An explanation of the relationship between different organisational functions and how they link to organisational objectives and structure (P3).

3.2 An analysis of the advantages and disadvantages of interrelationships between organisational functions and the impact that can have upon organisational structure (M2) – (Contextualize your answer with The Body Shop)

3.3 A critical analysis of the complexities of different types of business structures and the interrelationships of the different organisational functions (D1)

Task 2

4.0 MACRO Environment

Introduction

(Briefly explain what macro environment is? Briefly state the importance of macro environmental analysis to a business success).

4.1 PESTEL Analysis (P4)

Political

(Briefly state the examples of political factors)

Positive Impacts

Negative Impacts

Economic

(Briefly state the examples of economic factors)

Positive Impacts

Negative Impacts

Social

(Briefly state the examples of social factors)

Positive Impacts

Negative Impacts

Technological

(Briefly state the examples of technological factors)

Positive Impacts

Negative Impacts

Ecological;

(Briefly state the examples of ecological factors)

Positive Impacts

Negative Impacts

Legal

(Briefly state the examples of legal factors)

Positive Impacts

Negative Impacts

4.2 Application of the PESTLE model on a detailed analysis of the macro environment of The Body Shop (M3).

5.0 Micro Environment

Introduction

(Briefly explain what micro environment is? Briefly state the importance of micro environmental analysis to a business success. Brief state what are the SWOT factors).

5.1 SWOT Analysis (P5)

Internal and external analysis (SWOT) of The Body Shop and Lush UK in order to identify strengths and weaknesses.

SWOT Factors

The Body Shop

Lush UK

Strengths

Weaknesses

Opportunities

Threats

5.2 An explanation of how strengths and weaknesses interrelate with external macro factors (P6).

5.3 Application of SWOT analysis and justification of its influence on decision-making (M4)

(Explain how SWOT analysis can be used in decision-making. Justify your answer with appropriate examples)

5.4 A critical evaluation of the impacts that both macro and micro factors have upon business objectives and decision-making (D2).

REFERENCE


Answered Same Day Nov 16, 2020

Solution

Soumi answered on Nov 19 2020
131 Votes
ASSIGNMENT SUBMISSION FORM
This sheet must be submitted with your assignment. Failure to complete, sign and submit this form will result in a mark of ‘0’ for the assignment.
    Student Name
    
    Student ID
    
    Assessor Name
    
    Qualification
    Pearson BTEC Level 5 HND Diploma Business (Management)
    Unit Number & Unit Title
    Unit 1 BUSINESS AND BUSINESS ENVIRONMENT
    Assignment Title
    The Body Shop
    Date of Submission
    July 30th 2018
Signature: ……………… ……………………… Date: __________________
TABLE OF CONTENTS
Task 1    5
1.0 Introduction    5
Types of organisations    5
1.1 Public Sectors Organisations    5
1.2 Private sector organisations    5
Types of private sectors organisation    5
Sole traders    6
Objectives/Purpose of sole traders    6
Legal status of a sole trader    6
Partnerships    6
Objectives/Purpose of partnerships    6
Legal status of general and LLP    6
Companies    6
Objectives/Purpose of companies    7
Legal status of a company    7
Joint ventures    7
Objectives/Purpose of joint ventures    7
Legal status of a joint venture    7
Franchising    7
Objectives/Purpose of a franchise    7
Legal status of a franchise    8
Licensing    8
Objectives/Purpose of licensing    8
Legal status of licensing    8
1.3 Voluntary sector organisations    8
Types of voluntary organisations    8
NGOs    8
NPOs    9
2.0 Scope of an organisation    10
Factors that determine the size of an organisation    10
Small and medium sized enterprises    10
2.1 Scope of different organisations    10
Local Company    10
National Company    10
International Company    10
Multinational Company    11
Global Company    11
2.2 An analysis of how structure, size and scope of organisations affect their objectives and the products and services they offer (M1)    11
3.0 Organisational functions    12
3.1 An explanation of the relationship between different organisational functions and how they link to organisational objectives and structure (P3)    12
3.2 An analysis of the advantages and disadvantages of inte
elationships between organisational functions and the impact that can have upon organisational structure (M2)    12
3.3 A critical analysis of the complexities of different types of business structures and the inte
elationships of the different organisational functions (D1)    12
Task 2    13
4.0 MACRO Environment    13
Introduction    13
4.1 PESTEL Analysis (P4)    13
Political    13
Positive Impacts    13
Negative Impacts    13
Economic    13
Positive Impacts    13
Negative Impacts    13
Social    13
Positive Impacts    13
Negative Impacts    14
Technological    14
Positive Impacts    14
Negative Impacts    14
Ecological    14
Positive Impacts    14
Negative Impacts    14
Legal    14
Positive Impacts    14
Negative Impacts    14
4.2 Application of the PESTLE model on a detailed analysis of the macro environment of The Body Shop (M3).    15
5.0 Micro Environment    16
Introduction    16
5.1 SWOT Analysis (P5)    16
5.2 An explanation of how strengths and weaknesses inte
elate with external macro factors (P6).    16
5.3 Application of SWOT analysis and justification of its influence on decision-making (M4)    16
5.4 A critical evaluation of the impacts that both macro and micro factors have upon business objectives and decision-making (D2).    17
REFERENCES    18
Task 1
1.0 Introduction
Organisations are objective driven groups, in which more than one people work together to achieve a common goal with the help of cooperation, strategic management and profitability.
Types of organisations
Based on the aspect of profit making, organisations are of two types- private and public organisations. As mentioned by Domingues et al. (2017), both, private and public organisations have two types- profiting and non-profiting organisations.
1.1 Public Sectors Organisations
The organisations that aim at providing services to the citizens and is governed by the political legislature of the country is termed public sector organisation. As mentioned by Rasul and Rogger (2017), public sector organisations are aided by government funds and therefore have low risk in the market.
§ Basic characteristic (features)
Public sector organisations are owned by the states in particular and by the country in general. As stated by Nayır et al. (2018), public sector organisations are controlled by the governing bodies and they have autonomous capabilities.
§ Goals and objectives
The public sector organisations aim at benefitting the citizens of the country with assuring healthcare, education, transport and judiciary and administrative services that support democratic values of the country’s constitution. As mentioned by Jones et al. (2017), public sector organisations are not aimed at earning profit from the citizens and it’s a realised manifestation of services provided for the citizens by the country.
§ Legal form of public organisations
The public sector organisations are based on the fundamental values mentioned and adapted in the constitution of the country and works specifically to empower the rights of the citizens of the country.
1.2 Private sector organisations
Unlike government organisations, private sector organisations are owned privately, having single or multiple owners, regulating the activities of the organisations mostly for profiting targets. As mentioned by Plimmer et al. (2017), although private sector organisations offer non-profiting activities, there are aspects that make them primarily profiting in nature.
Types of private sectors organisation
Depending on the nature of the functionality and objectives, private sector organisations are segregated as partnerships, franchising, joint ventures, sole traders and licensing based private organisations. As identified by Ha
is and Miller (2018), private sector organisations are not government aided and therefore, get affected by the market fluctuations easily.
Sole traders
The sole trader is a single owner of a company performs most of the tasks of his or her business and makes it successful, faces all the risk and retains the highest percentage of profit to own self.
Objectives/Purpose of sole traders
Sole traders have limited human resource and very small amount of investable monetary capital therefore, sole traders’ objectives remain accessing the most suitable market condition for selling their services or products to minimise risk and maximise profit.
Legal status of a sole trade
In sole trading businesses, the lack of cooperation and the scope of developing contracts, the legal aspects are less complicated; however, government approval of business, its licensing and standard maintenance is necessary.
Partnerships
As combined resources of companies offer better stability in the market and face low risk, more than one company partner with each other in a legal format and do business, temporarily or in some cases permanently, which is named as partnerships. As mentioned by Steele et al. (2017), as partnering companies have no limit on of the use of the resources of the partnering companies, it is called general partnership and when partners have limited access to the use of the resource of the partners, it is called limited liability partnership (LLP).
Objectives/Purpose of partnerships
The objective of forming partnership is to achieve mutual support for all the partnering companies with the combined values generated by the combined resources accumulated together.
Legal status of general and LLP
As partnerships enable use of resources, distribution channel and existing markets for a specific period, contracts, licenses and terms of partnerships must be framed carefully. In case of LLP the terms of business remains, very complicated and legal bindings are bound to be followed.
Companies
Companies are different from organisations, as they have a legal framework that ensures the right to sell their shares, have their personalised and registered seal of business and conduct business in a unique pattern. As mentioned by Brewster (2017), companies use their unique legal frame for their business to safeguard themselves from the competition in the market and conduct business properly.
Objectives/Purpose of companies
The purpose of companies is to earn profit from the market without the need to invest all the capital in the market by the single owner, and use the capital collected in the form of shares sold in the market, conduct profitable business.
Legal status of a company
In case of companies, licensing is required along with legal norms as the investment in the company shares are risky and profitable at the same time. As mentioned by Bhasin and Arora (2018), shares sold to the shareholders in the market, has access to profit, however, the access to company decisions are limited.
Joint ventures
Joint venture is a lighter version of partnership; as joint venturing companies tend to use the joint resources in their disposal for profit making and surviving in the business market, while the tenure of joint ventures tend to be shorter than that of partnerships.
Objectives/Purpose of joint ventures
The aim of joint venture is to profit from projects that are not possible by the resources of a company alone. The joint ventures also aim to survive through cooperation as companies face serious threat in the market.
Legal status of a joint venture
As joint ventures tend to last for a very limited period the contract, signing and agreeing upon the mutual norms are essential. In addition, the distribution of liabilities and the profit sharing ratios are needed to be documented.
Franchising
As smaller organisations or new...
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