Factors That Influence Businesses
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TASK
Scenario
The UK government has decided to provide advice and support to businesses through its web portal. As a result, the government has provided funding for a number of projects to be developed which will form the basis of a new ‘Business Link’ type service. They have offered the projects out to tender, and you have been successful in providing case study information which will be used by the new service.
This project focuses on looking at how changing business environment affects businesses and is intended to help future business owners and leaders gain an understanding of different business environments and how they affect business operations. This project will be based on studying UK businesses, but organisations that operate in other countries, as well as the UK, can also be selected. You are to investigate the business environment of the selected business organisation and outline recommendations for responding to the changes in the business environment of the organisation.
Task 1: Evaluate and analyse the factors that influence business and the responses that can be deployed to manage these factors
1.1 Identify and make use of different approaches to understanding the macro and micro environments for business.
1.2 Review business resources and external factors and trends to identify where business performance could be positively or negatively affected.
1.3 Recommend responses to external factors and trends.
Task 2: Task 2: Outline how an integrated approach to understanding the business context and decision making can support business development in the selected organisation.
2.1 Identify and prioritise organisational changes to the selected organisation that would counteract negative or support positive business environmental factors and trends.
2.2 Use the case of the selected organisation to illustrate the impact of responding to business environmental factors and trends.
2.3 Evaluate the role played by the management of the selected organisation in responding to a changing business environment.
Task 3: Investigate the changing relationship between the private and public sector
3.1 Explain changes in the relationship between the selected business organisation, government and the public sector using scenarios and models.
3.3 Identify opportunities that may arise due to changes in relationships.
Instructions
• Recommended word count for the report is 2500 words.
• Learners are required to complete all tasks.
• Use Harvard Referencing to reference all the information used in the report.
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