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Business Environment

In: Business and Management

Submitted By satvir
Words 1141
Pages 5
Unit Title: The Business Environment
Guided Learning Hours: 160
Level: Level 5
Number of Credits: 18
Learning Outcome 1
The learner will: Understand the significance of the environment on business activity.
Assessment Criteria
The learner can:
Indicative Content
1.1 Explain the features of business activity.
1.1.1 Explain the business organisation as a transformation process. 1.1.2 Describe the different ways in which a business may structure its activities.
1.2 Discuss the complex interactions that operate between a business and its environment.
1.2.1 Discuss the complexity, volatility and uniqueness of an organisation's environment.
1.2.2 Explain the influence of shareholders on the internal environment of an organisation.
1.2.3 Outline the nature of the external environment (PEST).
1.3 Explain the need for change and its management within an individual business.
1.3.1 Discuss the need to monitor changes in the external environment. 1.3.2 Discuss the implications of environmental change for a business, its stakeholders and society.
1.3.3 Explain reasons for resistance to change by firms, managers and employees.
1.3.4 Describe ways in which resistance to change may be overcome. Learning Outcome 2
The learner will: Understand the structure and organisation of business.
Assessment Criteria
The learner can:
Indicative Content
2.1 Discuss the impact of industrial and legal structure and size on organisational behaviour.
2.1.1 Classify businesses by sector – primary, secondary and tertiary – and discuss reasons for changes in industrial structure, including concentration.
2.1.2 Apply life cycle theory to an organisation to explain the strategic choices it faces.
2.1.3 Discuss the advantages and disadvantages of different legal forms of organisation.
2.1.4 Discuss the use of franchises, licensing and joint ventures
as...

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