Unit 1 LA A&B - Guidance

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  • Created by: Howwise
  • Created on: 10-07-20 00:23

Ownership and liability:

Private

  • Sole Trader
  • Partnership
  • Private Limited
  • Public Limited
  • Cooperative

Public

  • Government Departments

Not for Profit

  • Charities

Limited Liabillity
Unlimited Liability

NB: Apply to your Businesses

Explain how the ownership and liability of the businesses has contibuted to its success ?

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Business Purpose

Explain what the term "Purpose of a Business" is.

Purpose

  • Products/Goods
  • Service

Profitabiliy

  • Profit making Business
  • Not Profit making Business

NB: Apply to your Businesses

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Sectors

Explain the term "Sectors"

The different sectors are:

  • Primary
  • Secondary
  • Tertiary
  • Quaternary

NB: Apply to your Businesses

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Scope of Business Activities

Explain the term "Scope of Business"

Scope of Business includes:

  • Local
  • National
  • International

NB: Apply to your Businesses

Explain how the scope of your business has contributed to its' success.

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Size of Business

Explain the term "Size of a Business"

Different Sizes includes:

  • Micro
  • Small and Meduim Enterprise
  • Meduim 
  • Large

NB: Apply to your Businesses

How has the size of the Businesses contributed to the success of the business?

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P.1 : Explain the features of two contrasting busi

To achieve P1.

Have you explained all the features of a business?

Have you given examples of businesses that fall under these features?

Have you identified the features of your businesses?

Have you given reasons why you think your businesses fall under these features?

Have you shown evidence from your research?

Have you discussed how the features contribute to the success of the business? Back with figures.

Have you referenced your work?

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Stakeholders

Explain the term "Stakeholder"

Explain the difference between internal and external stakeholder 

Use examples to demonstrate the difference between internal and external stakeholders.

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Business Communication

Explain the term "Business Communication"

Different Methods of communication should include:

Written Presentations

  • Examples: letters, financial Reports, non financial Reports

Oral Presentations

  • Examples: Meetings, powerpoint,phone calls

Social Media & Virtual Community

  • Examples: Websites, Instagram, Youtube channels, Facebook

NB: For each of these methods

Explain what they are: give examples; discuss some advantages and disadvantages of the communication method.

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Stakeholder Influence

List 6 examples of stakeholders

For each of these stakeholders discuss  their roles within the 2 businesses.

Explain how each of these stakeholders influence the business.

Discuss the relationship the businesses have with the stakeholders and explain if you think it’s a good or bad relationship. Give reasons for your answer.

NB: Relate it to your two businesses and  compare the similarities and difference.

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P.2. Explain how two contrasting businesses are in

To achieve p2 have you...

  • Explained the roles of 6 stakeholders?
  • Have you compared their similarties and differences?
  • Have you explained how each of these stakeholders influence your 2 businesses?
  • Have you shown evidence of your research?
  • Have you referenced your work?
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Communicating with Stakeholders

With reference to your 6 stakeholders .......

What is the relationship between the businesses and stakeholders? Formal or Informal?

What are the methods of communcation used by your businesses to communicate with their stakeholders?

Highlight similarities and differences between the methods of communication used by your businesses.

Explain some of the advantages and disadvantages of these communication methods used by your business.

Do you think these methods of communication used by your businesses are effective? Give reasons for your answer.

How can the correct communication method lead to the success of the business? 

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M.1. Assess the relationship and communication wi

To achieve M1;

Have you compared how your businesses  communicate with each of your chosen stakeholders?

Have you included evidence of your research?

Have you discussed the advantages and disadvantages of these communication methods?

Have you made an opinion about how effective your businesses communication methods are?

Have you given reasons for your opinion?

Have you established how the right method of communcation has lead to the success of businesses? Back with figures...

Have you referenced your work?

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Organisational Structures

This should include:

Hierarchical

Flat

Matrix

Holacratic

Explain each of these organisational structures...

Explain the features of these structures

Give examples of businesses that use these structures..

NB: Make the link with the organisational structure of your 2 busineses

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Functional Areas

Explain the roles of the various functional areas..

Compare similarities and differences of these functional areas within your two businesses.

These functional areas includes...

  • Human Resources
  • Sales
  • Research and Developement
  • Marketing
  • Purchasing
  • Production and Quality
  • Finance
  • Customer service
  • IT
  • Administration

NB: Make the link with the functional areas of your 2 busineses

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Aims and Objectives

Explain the following terms:

  • aims and objectives
  • mission
  • vision
  • values

Explain the similarities and differenties of Aims and Objectives between a private, public and a not for profit business.

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Private Businesses aims and objectives includes:

Explain some aims and objectives of private businesses.

Some examples of aims and objectives in a private business are as follows:

  • Making Profits
  • Profit Maximisation
  • Breakeven
  • Survival
  • Growth
  • Market Leadership

What are the aims and objectives of your business?

State and explain.

Show evidence.

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Public Businesses aims and objectives includes

Explain some aims and objectives of public businesses?

Some examples of aims and objectives in a public business are as follows:

  • service provision
  • cost control
  • value for money
  • service quality
  • meeting government standards

What are the aims and objectives of your business?

State and explain?

Show evidence.

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Not for profit Businesses aims and objectives incl

Explain some aims and objectives of not for profit businesses?

Some examples of aims and objectives in a not for profit  business are as follows:

  • education
  • housing
  • alleviating poverty
  • healthcare

What are the aims and objectives of your business?

State and explain?

Show evidence.

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P3 Explore the organisation structures, aims and o

To achieve P3:

Have you explained all key terms?

Have you compared the simmilarities and differences of the organisational structure of your choosen business?

Have you shown evidence?

Have you compared the similarities and differences of the functional areas of your two businesses?

Have you shown evidence?

Have you compared the similarities and differences of the aims and objectives of your choosen business?

Have you shown evidence?

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How the structure of your two businesses allow the

With reference to your two businesses....

  • Do you think that the organisational structure have enabled your business to achieve their aims and objectives?
  • Do you think that the functional areas have enabled your to achieve their aims and objectives?
  • Do you think that the means of communication have enabled your to achieve their aims and objectives?

Note...

  • Give reasons for your answer
  • Analyse the depending upon factors
  • Link your points and views to the aims and objectives of your two buinsesses.
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M2 Analyse how the structures of two contrasting b

To achieve Merit

Have you identified specific aims and objectives of your 2 businesses that have been met or otherwise as a result of the organisational structure?

Have you identified specific aims and objectives of your 2 businesses that have  been met or otherwise as a result of the functional areas?

Have you identified specific aims and objectives of your 2 businesses that have been met or otherwise as a result of the way your businesses communicate with stakeholders?

If some of the points raised depend on other factors highlight these factors.

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What makes a Business Successful?

Success Criteria...

You should explain at least 3 of these criteria

  • high levels of sales
  • high levels of profits
  • high levels of consumer satisfaction
  • the production of high quality products
  • strong reputation
  • sustained growth.
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Why do you think your business is successful?

Do you think  your 2 businesses are successful?

What are some of the features of the businesses that has enabled it to succed?

Were there any aspects of the features that was a disadvantage to the busiinesses?

What other factors has played a role in the success of your business

Factors such as;

  • innovation
  • low prices
  • new markets
  • effective marketing

Back your points with data and figures

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D1 Evaluate the reasons for the success of two con

To achieve a distinction...

Have you

Explain the features that have contributed to the success of the 2 businesses?

Have you explained features that stand in the way of your businesses?

Are there any reasons why you businesses are successful?

Are your businesses successful?

Have you given reasons why?

Have you supported it with data.

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Reference

A list of ALL BOOKS, WEBSITE ; QUOTES & JOURNAL you used in your research.

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