Essay on Business Environment
Please note that the content of this Lecture Guide is listed in its recommended teaching order, rather than in numerical order.
Indicative Content: 1.1.1 Explain the business organisation as a transformation process: • Business organisations undergo a transformation process from inputs into outputs, using physical inputs plus finance and skills to produce both goods and services. • Use examples from both manufacturing and service sector organisations to illustrate the process. 1.1.2 Describe the different ways in which a business may structure its activities: • Organisational structures …show more content…
Exam questions will in many cases include short business scenarios, and be in two parts, the first part theory and the second part practical application. Recommended reading: Worthington I and Britton C ‘The Business Environment’ (6th edition Prentice Hall) Chapters 1, 2 and part of Chapter 10.
ABE Level 5 Diploma Unit Title: The Business Environment Learning Outcome: 1. Understand the significance of the environment on business activity. Indicative Content: 1.2.3 Outline the nature of the external environment (PEST): • The basic description of PEST factors should be made clear, as it is a recurring theme across the course. • PEST analysis can be used to analyse the firm’s current and future environment. 1.3.1 Discuss the need to monitor changes in the external environment: • The business organisation can be viewed as an open