...P3 Market research Market research is the action or business of promoting and selling products or services, including market research and advertising. The information is about markets, products or services that a business sells to get new customers and make sure that the customers are happy. They aim to fulfil the aim of making as much money as they can and expanding the business. There are two types of market research: Primary: This is information that the person has gathered by themselves. It can be collected through questionnaires, customer interviews, focus groups, observations and experiments. Secondary: This is information that has been gathered already but not by the individual themselves. There are 2 types of research: Internal- This information is usually from within a business. For example this can be retails data, stock analysis and accounts. Primary Research: Tesco: Questionnaires: Tesco are an international organisation. They use questionnaires by sending them through the post, telephone, text, internet and face to face. By using it through the post it is cheap so they just need to pay for the postage. They can send these to residents in the company without spending a lot of money. Regularly sending these can mean regular feedback but a problem is that people can just disregard what they have received in the post. By getting feedback from them they can also find out what types of things the local residents what to be receiving information about from...
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...Unit 19 Developing Teams in Business Assignment 1: P1 & P3 Different types of teams What is a Team? A team is individuals whom are moulded into a group who work together to achieve an objective or task. Team Recruitment Recruiting the right team members is the key to the success of your team. When the leaders of any group recruit new members, there are a number of skills, qualities needed as well as a process that each member has to go through in order for them to be an successful addition to the team. This process is called job analysis from where a person specification is drawn up and following all the qualifications and qualities that a new team member would be expected to have. The process of recruitment for a successful new team member’s selection. Recruitment> selection> -training •coaching •mentoring •motivation the first steps to a successful recruitment > recruiting and selecting people who will be good team players > training them, providing mentoring and coaching to help them to perform better in the teams > creating your high-performance team. R (Reference: Business BTEC national book1 level 3, page 363) Benefits of a team * Working in a team as part of a company is good as every individual has their own contribution to the team they all share their ideas to help better the company * Team work empowers creativity within the members * Each individual grows as they have other team members to support them There are different...
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...iii) Fitness for Propose s14(3) From the course of the business, there are condition that need to applies from the good sold. If the goods do not fit any purpose then the goods have the right to be return whether it is implied by the seller but if it is unreasonable to rely on the seller judgement, the goods can be return or cannot be return due to another purpose. b) Supply Goods and service Act 1982 With the reasonable time and for a reasonable charge of work completion, the price of goods are not fixed. The trader also must have a proper standard of workmanship to provide the services. i) Transaction Covered Every product either it is free or purchase, it have to be in a good condition. ii) Effect of the Act It has a similar protection under the Sale of Goods Act 1979, the...
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... Explain the benefit of each of the features that you have listed in your feature table. Bluetooth and Wifi. This technology facilitates the operation of sending images or videos to devices that may not be in the same place or that are separated by distance. The wireless systems provides greater comfort to the user because it is not necessary to use so many cables for the installation of a wireless computer Gps The GPS is a new accessory that can easily replace the compass commonly used by the sportsmen to achieve orientation. It gives us the opportunity to know exactly where our location is in case of some assistance. Waterproof Video cameras that have major protection from water will allow us to take photos and underwater videos. It gives us the opportunity to enjoy and protect our electronic equipment, in aquatic and outdoor activities Battery Life The battery is without doubt one of the priority concern of almost any user. If battery lasts longer the better. No one wants to worry about bring their chargers on their expedition. It can be very annoying that in important moments our devices remains without a battery. Lcd Screen LCD screens are more comfortable for the sight because they offer a better contrast. It helps consumers to enjoy great quality videos. Video resolution The screen resolution is the maximum number of pixels that can be displayed on a given surface to complete a picture. In theory, the higher the resolution of a screen, more pixels, better definition...
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...ACCA P3 – PROFESSIONAL LEVEL Business Analysis SMART Notes Prepared by Darren Sparkes Email: darrensparkesnotes@sky.com ACCA P3 - Business analysis These notes are not intended to cover the whole of the ACCA P3 syllabus ©Darren Sparkes, 2010 1 Contents Page no. Paper 3 Examiners Approach…………….….... 3 Extracts from the Examiners report ……….…...4 Examination Technique……………….…..……..7 Background and examination format..…............9 Syllabus Overview………………………...........10 Strategic Planning………………………...….....11 Mission and Objectives…………………………12 Business & Professional Ethics..………….…...13 Internal Analysis……………….……………..…14 External Analysis……………..………………....15 Strategic Options……………………….……….17 Method of Growth………………………............18 Portfolio Analysis…………………………….….19 Strategic Choice & Change Management…....20 Marketing………………………………………...21 Organisational Structure…………………….….22 International Market Place.…………….……....23 Business Process Change…….…..…………..24 Information Technology……..…….……..........25 Quality………………………………….……......26 Project Management………………………...…27 Role of Finance………………………………...28 Review and Control………………………..…..29 Strategy and People……………………………30 ACCA P3 – Business Analysis These notes are not intended to cover the whole of the ACCA P3 syllabus © Darren Sparkes, 2010 2 Approach Required ‘Differentiation is important to individuals seeking to pass a management and strategy examination. It is the ability to link strategic and financial...
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...date|Submitted on| ||| Qualification|Unit number and title| Level 2 BTEC Diploma/Certificate in Understanding Enterprise and Entrepreneurship|Unit 3: The Business EnvironmentFirst of two assignments for this unit| || Assignment title|| In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found.| Criteria reference|To achieve the criteria the evidence must show that the student is able to:||Task no.||Page numbers| P1|Identify sources of information about the current business environment||1||| P2|Describe how a new micro start-up business relates to the business environment||1||| P3|Describe current trends and how these will impact on a micro start-up business||2||| P4|Describe potential ethical concerns of customers about a micro start-up business||3||| M1|Explain how the changes in the current business environment are likely to impact upon a selected micro start-up business||1||| M2|Explain how current trends are likely to impact on a micro start-up business||2||| D1|Assess the risks and opportunities changes in the current business environment pose for a selected micro start-up business||||| Learner declaration| I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.Learner signature: Date: | Assignment brief| Unit number and title|Unit 3: The Business Environment | Qualification|Level 2 BTEC Diploma/Certificate in Understanding Enterprise...
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... | Centre: | Rugby/Leamington Spa | Course Title: | BTEC Nationals in Business | Year of Course: | Year 1 of 2 | Project Manager/Assessor: | Liz Cutter | Internal Verifier: | Sam Ramsay | Project Title: | Communication Project Milestone 3Unit 4 – Business Communication | Milestone 3 Presenting Complex Business Information | Unit | Grading Criteria: | Evidenced in | | | Milestone | Task | 4 | P1 | Explain different types of business information, their sources and purposes | 1 | 1 | 4 | P2 | Present complex internal business information using three different methods appropriate to the user’s needs. | 3 | 2 | 4 | P3 | Produce corporate communications | 3 | 1 | 4 | P4 | Evaluate the external corporate communications of an existing product or service | 2 | 2 | 4 | P7 | outline electronic and non-electronic methods for communicating business information, using examples for different types of audience | 1 | 1 | 4 | M1 | Analyse different types of business information and their sources | 1 | 1 | 4 | D1 | Evaluate the appropriateness of business information used to make strategic decisions | 2 | 1 | 4 | D2 | Evaluate the effectiveness of business information and its communication as key contributors to the success of an organisation, using examples to illustrate your points | 2 | 2 | Project start date: | 20.01.2014 | Project completion date: | 24.02.2014 | Project milestone: 3 | 10.02.2014 | Milestone hand in date: | 24.02.2014 | Student declaration:I...
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...Tara A. J. Courtney Managerial Applications of Information Technology Professor: Peter Newman Due: June 12, 2016 Table of contents…2 Abstract…3 Brief company background…4 Discussion of business problem(s)...5 High level solution...7 Benefits of solving the problem...9 Business or technical approach...11 Business process changes...13 Technology or business practices used to augment the solution...14 Conclusions and overall recommendations...14 High-level implementation plan...15 Summary of project...15 References...17 Abstract We are living in another revolution since the Industrial Revolution. Some call it the 3rd Industrial Revolution, the Digital Revolution, the Information Age, the Digital Era, the Communication Technology Revolution, or the Technology Age. Regardless of what it is called, technology has evolved our world into a Global Marketplace. I’m watching a mom and pop company strategize to transform the way they do business by preparing to adopt a software system to help them de-clutter, organize and handle the growing amount of business they are acquiring. They use cloud based software, but the capabilities are limited. Some companies struggle to innovate and collaborate to the next level of business which involves them getting organized and taking the leap to improve their technologies. Improving company systems and process ultimately leads to the improvement of the company...
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...------------------------------------------------- Level 3 Sub Dip/Extended Diploma in Business - Academic Year 2013-14 Candidate | | | Unit No. | Unit 5 ; Unit 2 ; Unit 18 | | Unit Name | Business accounting, Business resources and managing a business event | * | Qualification | Btec Level 3 | | Start Date | September 2013 | | Deadline | November 2013 | | Assessor | Maria Pillay | | Unit 5 – Business accounting | | | Criteria | To achieve the criteria the evidence must show that the student is able to: | Page No. | Achieved? | P1 | Describe the purpose of accounting for an organisation | | | P2 | Explain the difference between capital and revenue items of expenditure and income | | | P3 | Prepare a 12 month cash flow forecast to enable an organisation to manage its cash | | | P4 | Prepare a profit and loss account and balance sheet for a given organisation | | | P5 | Perform ration analysis to measure the profitability and liquidity and efficacy of a given organisation | | | M1 | Analyse the cash flow problems a business might experience | | | M2 | Analyse the performance of a business using suitable ratios | | | D1 | Justify actions a business might take when experiencing cash flow problems | | | D2 | Evaluate the financial performance ad position of a business using ratio analysis | | | Unit 2 – Business resources | | | Criteria | To achieve...
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...PEMM’s Framework Analysis: Siemens ROLM Communication Inc. Abstract: This paper develops a theoretical framework for understanding the processes of Siemens ROLM Communication in developing their organization. In the late 1990s, ROLM suffered a significant loss which later resulted in a great change and redesign in the entire organization. In order to increase profitability and market value, ROLM merged with Siemens. Under Siemens management, ROLM took major steps to reshape and reengineer the structure of the entire organization. We will now evaluate the processes according to Hammer’s PEMM framework. The evaluation includes five process enablers and four enterprise capabilities. Evaluation of the enterprise capabilities: Leadership: leadership can be defined as the ability of company management to implement and support the idea of processes. In an organization, managers or officers realize the value of planning and how to use logical systems and structures to obtain results at work. It is under their leadership that a company seek to reduce complexity and increase predictability in their work environment. Geng (1995),chief operating officer, described that it was under their leadership role that the company followed a systematic and repeatable process. Analysis: By using the enterprise maturity model, the awareness of Siemens ROLM communication is E3 which described that the company developed a vision of reengineering the processes. “First, ROLM senior management sought...
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... |Unit number and title | |BTEC Level 3 Extended Diploma In Business |Unit 16: Human Resource Management in Business | |Learner name | Assessor name | | | C Graham, F Mooney, J Robinson, E Smith | |Date issued | Hand in deadline |Submitted on | |1 W/E 26/01/2015 |W/E 27/02/15 | | |2 W/E 26/01/2015 |W/E 27/03/15 | | |3 W/E 26/01/2015 |W/E 17/04/15 | | |4 W/E 26/01/2015 |W/E 15/05/15 | | | | | |Assignment title |Business Advisory Service NI ...
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...l Business Environment |Unit 1 | |Learner Name: |Date issued: | | |Learner Reg. No. : |Date due for return: | | |Teacher: |Mr O Henry |Date submitted: | | |Email: |o.henry@stthomasmoreschool.org.uk | | | Learning outcomes On completion of this unit a learner should: • Know the range of different businesses and their ownership • Understand how businesses are organized to achieve their purposes. • Know the impact of the economic environment on businesses. • Know how political, legal and social factors impact on business. Unit content 1 Know the range of different businesses and their ownership Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, secondary and tertiary) Business purposes: supply of products or services; difference between profit and not-for profit organisations Ownership: public...
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...Unit 1 - Exploring Business Activity Assignment 2 Scenario Following on from your report for Heronsgate Construction you have been asked to undertake some freelance work for Hillingdon Borough Council. The council are looking at saving costs and want to restructure their organisation so they are more like a business. They have asked you to provide some details of the way in which organisations are structured including the functional areas. This presentation will be used as part of a ‘business week’ being run by the borough. Task 1 As you have already done some research on two organisations you should continue using these for this presentation. However for the NHS you only need to create an organisational structure for a Doctors surgery. This will mean the organisations are contrasting and their structures are varied. Hillingdon Borough Council need the presentation to cover: • A brief introduction into the organisations. • The different ways in which these two businesses are structured. • The different types of functional areas within each business and their activities Due to the nature of the organisations they will have vastly contrasting functional areas. You need to describe the functional areas in each organisation. Make sure you clearly describe what each functional area does. You should aim to include all those which we have covered in this unit. Illustrate these using organisation charts together with accompanying notes to describe their operations. In your presentation...
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...BTEC Business Project |Assignment |2013/2014 | Learner Declaration I declare that all the work submitted for this assignment is my own work or, in the case of group work, the work myself and other members of the group in which I worked, and that no part of it has been copied from any source. I understand that if any part of the work submitted for this assignment is found to be plagiarised, none of the work submitted will be allowed to count towards the assessment of the assignment. |Centre Name: |Westminster Kingsway College |Centre No: |10240 | |Learner’s Name: | | |Learner’s Signature: | | |Assessor’s Name: | | |Assessor’s Signature: | |Date: | | |Date Issued: |3rd February 2014 |Submission Date: ...
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...Task 2 Business Consultancy Firm: How Businesses Manage Resources P3, M1, P4 As part of your training, your manager asks you to prepare a presentation into how a local organisation manages its physical and technological resources. This task is designed to cover: P3 Describe the main physical and technological resources required in the operation of a selected organisation M1 Explain how the management of human, physical and technological resources can improve the performance of a selected organisation P4 Describe sources of internal and external finance for a selected business • Prepare a PowerPoint presentation detailing the physical and technological resources involved in the running of your selected business. Your presentation needs to take into account all those resources needed in the day-to-day running of that business. You should have at least one slide for each aspect, together with relevant images and your presentation should be no longer than 10 minutes. (P3) You should continue the PowerPoint presentation and create note slides to assist you in presenting your ideas. Take each group of resources in turn (human, physical and technological) and explain how managing these resources appropriately can lead to improvements in the overall performance of your selected organisation. To get you started, you could consider how managing staff could lead to higher sales levels, increased profits, reduction in costs and lower staff turnover rates. Similarly, how...
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