Unit 1 Business Environment


Unit 1 Business Environment 

Module Booklet
Course: EDEXCEL BTEC (HND) BUSINESS
Group:   Ed excel Level
Module: BUSINESS ENVIRONMENT
Module type:  CORE
Module Code: Unit 1 –Y/601/0546
Module Credit: 15
Teaching Period: (15 weeks)
Level: 4 (QCF)
Contact Hours: (21*3 = 63, i.e. 15*3+ 6*3)
Lecturers:  15 weeks
Revision Clinic: 3 week
Feedback and assignment guidance: 3 weeks
               
Start date: 27thJanuary 2014
Day: Wednesday       
Time: 18:00-21:00
Campus:Wentworth House
Term:  Winter Term








CONTENTS

1.      INTRODUCTION, AIMS AND OBJECTIVES

2.      MODULE OUTLINE AND TEACHING METHODS

3.      READING AND COURSE PREPRATION

4.      LECTURE WITH DETAILED COURSE PROGRAMME AND OBJECTIVES

5.      ASSESSMENT DETAILS




1.      INTRODUCTION

Organisations have a variety of purposes that depend on why they were established. Some operate for profit, whilst others do not. Organisations structure themselves and operate in ways that allow their objectives to be met. Every organisation has a range of stakeholders whose interests need to be satisfied, but stakeholders have competing interests that may be hard to reconcile.
Businesses operate in an environment shaped by the government, competitors, consumers, suppliers, and international factors. Learners will understand that some influences on the business environment are direct and clear, for example taxation policies on corporate activities. Other influences are less clear, perhaps coming from the international arena and sometimes with only an oblique impact on the national business environment.
It is within this business environment that organisations function and have to determine strategies and a modus operandi that allow them to meet their organisational purposes in ways that comply with the relevant legal and regulatory frameworks. In addition, business markets take various forms and the structure of a market enables an understanding of how organisations behave. In this unit learners will consider how different market structures shape the pricing and output decisions of businesses, as well as other aspects of their behaviour.
Aim:
The aim of this unit is to give learners the knowledge and understanding of how a business unit can strategically organise and plan for likely future outcomes in order to be successful.
Key Objectives:
Learning Outcomes and assessment criteria:

On successful completion of this unit a learner will:

1.       Understand the organisational purposes of businesses
Categories of organisation: legal structure; type e.g. private company, public company,
government, voluntary organisation, co-operative, charitable; sector (primary, secondary tertiary)

Purposes: mission; vision; aims; objectives; goals; values; profits; market share; growth; return on capital employed (ROCE); sales; service level; customer satisfaction; corporate responsibility; ethical issues

Stakeholders: owners; customers; suppliers; employees; debtors; creditors; financial institutions (banks, mortgage lenders, credit factors); environmental groups; government agencies (central government, local authorities); trade unions

Responsibilities of organisations: stakeholder interests; conflict of expectations; power influence matrix; satisfying stakeholder objectives; legal responsibilities eg consumer legislation, employee legislation, equal opportunities and anti-discriminatory legislation, environmental legislation, health and safety legislation; ethical issues eg environment, fair trade, global warming, charter compliance eg Banking Code.

2. 2 Understand the nature of the national environment in which businesses operate Economic systems: the allocation of scarce resources; effective use of resources; type of economic system e.g. command, free enterprise, mixed, transitional.
The UK economy: size (gross domestic product, gross national product); structure; population; labour force; growth; inflation; balance of payments; balance of trade; exchange rates; trading partners; public finances (revenues, expenditure); taxation; government borrowing; business behavioure.g. investment, objectives, risk awareness; cost of capital; consumer behaviour; propensity to save; propensity to spend; tastes and preferences
Government policy: economic goals; fiscal policy: control of aggregate demand; central and local government spending; Public Sector Net Borrowing (PSNB) and Public Sector Net Cash Requirement (PSNCR); euro convergence criteria, monetary policy; interest rates; quantitative easing; private finance initiative (PFI); competition policy (up-to-date legislation including Competition Act 1998, Enterprise Act 2002); Competition Commission, Office of Fair Trading; Directorate General for Competition); European Commission); sector regulators e.g. Ofgem, Ofwat, Civil Aviation Authority; Companies Acts; regional policy; industrial policy; enterprise  strategy; training and skills policy.

3. Understand the behaviour of organisations in their market environment
Market types: perfect competition, monopoly, monopolistic competition, oligopoly, duopoly; competitive advantage, strategies adopted by firms; regulation of competition Market forces and organisational responses: supply and demand, elasticity of demand; elasticity of supply; customer perceptions and actions, pricing decisions; cost and output decisions; economies of scale, the short run; the long run, multi-national and transnational corporations; joint ventures, outsourcing; core markets; labour market trends; employee skills, technology; innovation; research and development; core competencies; business environment (political, economic, social, technical, legal, environmental); cultural environment.

4 Be able to assess the significance of the global factors that shape national business activities

Global factors: international trade and the UK economy; market opportunities; global growth; protectionism; World Trade Organisation (WTO); emerging markets (BRIC economies – Brazil, Russia, India, China); EU membership; EU business regulations and their incorporation in to UK law; EU policies e.g. agriculture (CAP), business, competition, growth, employment, education, economics and finance, employment, environment, science and technology, regional); labour movement; workforce skills; exchange rates; trading blocs (e.g. monetary unions, common markets; customs unions, free trade areas); labour costs; trade duties; levies; tariffs; customs dues; taxation regimes; international competitiveness; international business environment (political, economic, social, technical, legal, environmental); investment incentives; cost of capital; commodity prices; intellectual property; climate change e.g. Kyoto Protocol, Rio Earth Summit; third world poverty; the group of 20 (G-20); global financial stability.

Section 2: Learning Outcomes and assessment criteria

LO1.  Understand the organisational purposes of businesses

1.1 identify the purposes of different types of organisation
1.2 describe the extent to which an organisation meets the objectives of different stakeholders
1.3 explain the responsibilities of an organisation and strategies employed to meet them

LO2. Understand the nature of the national environment in which businesses operate

2.1 explain how economic systems attempt to allocate resources effectively
2.2 assess the impact of fiscal and monetary policy on business organisations and their activities
2.3 evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization


LO3 Understand the behaviour of organisations in their market environment

3.1 explain how market structures determine the pricing and output decisions of businesses
3.2 illustrate the way in which market forces shape organisational responses using a range of examples
3.3 judge how the business and cultural environments shape the behaviour of a selected organisation

LO4 Be able to assess the significance of the global factors that shape national business activities

4.1 discuss the significance of international trade to UK business organisations
4.2 analyse the impact of global factors on UK business organisations
4.3 evaluate the impact of policies of the European Union on UK business organisations.

Section 3: Teaching and learning Methods

It is recommended that a range of strategies be used to deliver this unit. Discussion, debate, individual workplace comparisons and use of case studies are all elements of this unit. Where groups of learners are from one organisation or sector, consideration of cultural issues can be based upon the needs of the organisation or sector. Video footage, not necessarily relating to business or management, or acting could be used to illustrate some aspects of a business. The use of investigative tools is recommended to encourage both self awareness and the practical application of the insights gained.

Section 4: Assessment Methods -Summary

A key feature of the assessment strategy for this unit is the practical application of the theoretical content to an organisational situation at strategic level.  The assessment will consist of an individual report with an organization chosen for the purpose to address all the learning outcomes.


 Programme Specification
Accrediting Body:  EDEXCEL
Course: BTEC HND IN BUSINESS                               
Unit: 1BUSINESS ENVIRONMENT
Wk
Lecture Schedule
Outcome of session
Activity/seminar and formative assessment
Resources
1

Introduction to the module.  Understand the organisational purpose of businesses.  Identify the purpose of different types of organisations. (1.2,1.2).
Introduction to the module, mode of assessment, awareness of the awarding body, assessment criteria and the mode of assessment.
Background of the expectations of the awarding body.
Module handbook.
2

Organisational objectives linked with different stakeholders (1.3)
Define organisational principles, purposes, objectives and aims.  Map and classify stakeholders.
Addressing learning outcome 1.3
Power point slides
3

Responsibilities of an organisation and strategies employed to meet them (1.4)
Analyse organisational responsibilities using appropriate techniques based on practical problems.
Addressing learning outcome 1.4.
Power point slides
4.
Task 1 revision and feedback
Advise as to how to address the LO and criteria.


5

Nature of the national environment in which businesses operate.  Effective allocation of resources (2.1)
Explain how economic systems allocate resources.
Addressing learning outcome 2.1.
Power point slides
6

Assessing the impact of fiscal and monetary policy on business organisations and their activities (2.2)
Explain the impact of the fiscal and monetary policy on businesses.
Discussion and addressing learning outcome 2.2.
Power point slides.
7

Evaluate the impact of competition policy and other regulatory mechanisms on the activities of an organisation (2.3)
Describe a range of regulatory mechanisms of different organizations.
Discussion and addressing learning outcome 2.3.
Case study and power point slides.
8




9

Explain how market structures determine the pricing and output decisions of businesses (3.1).
Explain organisational behaviour in response to changing environmental factors.
Discussion and addressing learning outcome 3.1.
Case study and power point slides.
10

Investigate how market forces shape organisational responses (3.2).
Analyse and evaluate a range of market forces using Pestel analysis, swot analysis and Porter’s five-force model.
Addressing learning outcome 3.2.
Case study and power point slides.
11

Assess how the business and cultural environments shape the behaviour of an organisation (3.3).

Explain organisation culture using the Schein model of cultural levels.
Discussion and addressing learning outcome 3.3.
Case study and power point slides.
12




13

Explore global factors that shape national business activities and discuss the significance of international trade to UK business organisations (4.1).
Describe and analyse global factors that shape national business activities.
Discussion and addressing learning outcome 4.1.
Case study and power point slides.
14

Analyse the impact of global factors on UK business organisations (4.2).
Analyse global factors effects on UK organisations. 
Addressing learning outcome 4.2.
Power point slides.
15

Evaluate the impact of policies of the European Union on UK business organisations (4.3).
Analyse European Union impact on UK businesses.
Discussion and addressing outcome 4.3.
Power point slides.
16
ASSIGNMENT SUPPORT AND ADVISE



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ASSIGNMENT SUPPORT AND ADVISE



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REVISION AND ASSIGNMENT SUBMISSION



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ASSESSMENT AND FEEDBACK



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ASSESSMENT AND FEEDBACK




21
FEEDBACK AND ASSESSMENT





Recommended text and links:

Ian Worthington and Chris Britton, 2009, The Business Environment
HNC/HND Business: Organizations, Competition and Environment Core Unit 4 (BPP)
Claire Capon 2009, Understanding the Business Environment (Pearson)
Journals and newspapers
Harvard Business Review Journal of Business Management
The Financial Times and other daily newspapers, which contain a business section and market reports
Websites
Www.bized.ac.uk provides case studies appropriate for educational purposes.
www.cmi.co.uk
-The Chartered Institute of Management’s site contains a useful knowledge centre
Www.ft.com -The Financial Times business sections

Www.thetimes100.co.uk -Multimedia resources



Wk.
Session Update
Date
Signature
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Lecturer: Mr Nathaniel Owusu Frimpong
Campus: Wentworth House
Contact details: onathaniel@yahoo.com
Assessment:
The module will be assessed meeting all the LO as specified by the awarding body, Ed Excel.
Please read the instructions carefully while addressing the tasks specified. 
Contribution: of the module
Outline Details: reportapprox. 4000 words.   Details enclosed in the assignment brief.
Teaching and Learning Activities

The module tutor(s) will aim to combine lectures with tutorial activities. This environment will provide opportunities for the student to understand the course material through case study and text and to apply it in a practical way. The intent is to facilitate interactive class activities, and discussion about the significant role of research in a global and local business environment.

2.3       Teaching Ethos
The college’s approach towards teaching and learning is simple and effective. The main aim of UKCBC is to assist learners in maximising their potential by ensuring that they are taught clearly and effectively. This will enable students to engage in the learning environment and promote success in both their academic studies and subsequent career.

2.3.1 Methods of Delivery:
LECTURES:
These will be developed around the key concepts as mentioned in the indicative course content and will use a range of live examples and cases from business practice to demonstrate the application of theoretical concepts. This method is primarily used to identify and explain key aspects of the subject so that learners can utilise their private study time more effectively.

SEMINARS:
These are in addition to the lectures. The seminars are designed to give learners the opportunity to test their understanding of the material covered in the lectures and private study with the help of reference books. This methodology usually carries a set of questions identified in advance. Seminars are interactive sessions led by the learners. This method of study gives the learner an excellent opportunity to clarify any points of difficulty with the tutor and simultaneously develop their oral communication skills.

CASE STUDIES: An important learning methodology is the extensive use of case studies. They enable learners to apply the concepts that they learn in their subjects. The learners have to study the case, analyse the facts presented and arrive at conclusions and recommendations. This assists in the assessment of the learner’s ability to apply to the real world the tools and techniques of analysis which they have learnt. The case study serves as a supplement to the theoretical knowledge imparted through the course work.

Plagiarism:
Any act of plagiarism will be seriously dealt with according to the colleges and awarding bodies’ regulations. In this context the definition and scope of plagiarism are presented below:
  Plagiarism is presenting someone’s work as your won. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework form another student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the college procedure. (For further details please refer to the plagiarism policy and the student code of conduct.) 


Assessment:
The module will be assessed meeting all the LO as specified by the awarding body, Ed Excel.
Please read the instructions carefully while addressing the tasks specified. 
Contribution: 100% of the module
Outline Details:  report approx. 4000 words.   Details enclosed in the assignment brief


ukcbc newASSESSEMENT
Unit1: BUSINESS ENVIRONMENT (Y/601/0546)
Learning Hours:  60 Hours.                                              Self-learning hours:  90 hours.
Course: HND Business – Level                                CREDIT VALUE: 15 CREDITS
Term:
Lecturer: Jackline Mutugi
Verifier: Sunita Kotta

Learners Name

Registration Number

Learners Declaration: I certify that the work submitted for this unit is my own:
Signed:
Hand out Date:                                                          Submission Date:

The Following Sections to be completed by the assessor:
Center Name:
UKCBC
Center Number:

Please note that the assessor’s signature below denotes conformation that he/she has in no way influenced the outcome of the assessment:
Assessors Name:
Jackline Mutugi
Assessors Signature:

Has the unit been Internally Verified?                                        Y/N
Date of verification:
Internal verifiers signature:
Internal verifiers assignment brief:






Due Dates


Issue Date

Due Date:
15th week
Due Task- 1

Final due date where e-learning will be blocked for Sept 2013 intake
04/08/14
Due Task- 2

Final due date where e-learning will be blocked for Jan 2014 intake
05/03/2014
Due Task- 3


02/04/2014
Due Task - 4





Learning outcomes
On successful completion of
this unit a learner will:
Assessment criteria for pass
The learner can:
LO1 Understand the
organisational purposes of
businesses
1.1     identify the purposes of different types of organisation
1.2   describe the extent to which an organisation meets the
objectives of different stakeholders
1.3   explain the responsibilities of an organisation and
strategies employed to meet them
LO2 Understand the nature of the
national environment in
which businesses operate
2.1   explain how economic systems attempt to allocate
resources effectively
2.2   assess the impact of fiscal and monetary policy on
business organisations and their activities
2.3   evaluate the impact of competition policy and other
regulatory mechanisms on the activities of a selected
organisation
LO3 Understand the behaviour of
organisations in their market
environment
3.1   explain how market structures determine the pricing
and output decisions of businesses
3.2   illustrate the way in which market forces shape
organisational responses using a range of examples
3.3   judge how the business and cultural environments
shape the behaviour of a selected organisation
LO4 Be able to assess the
significance of the global
factors that shape national
business activities
4.1   discuss the significance of international trade to UK
business organisations
4.2   analyse the impact of global factors on UK business
organisations
4.3   evaluate the impact of policies of the European Union on
UK business organisations.











Outcomes
Evidence for the criteria to pass.
Assessors decision
Internal verification decision. (agree, disagree)

TASK 1:  The objective for this task is to address and exhibit an understanding to the Organizational purposes of the business.  You are required to address the task as specified and research Sainsbury PLC to address the learning outcomes as specified:  Please note that the research and subjective skill needs to exhibit transferable skill by reflecting it to the chosen organization. Answers reflected without reflective practice will be referred. 
Learning outcome 1
LO1 Understand the
organisational purposes of
businesses
P 1.1Explain briefly the following types of organisaitons and their purposes:
a)       Virgin Group LTD
b)     Sainsbury PLC
c)      MC Donalds
d)     National Health services (NHS) England
e)      A corner shop near where you live.

P1.1
(P, M, D)



P1.1 (P, M, D)


P1.2Considering Sainsbury PLC, describe the extent to which it meets the objectives of its different stakeholders.
P1.2
(P, M, D)


P1.2 (P, M, D)


P1.3  Considering Sainsbury PLC, explain its various responsibilites as an organisaiton and the strategies it employs to meet them.

P1.3
(P, M, D)



P1.3 (P, M, D)


Summarized Feedback for Task 1(reflecting 1.1, 1.2, 1.3, Pass,merit and distinction.)




IV comments towards
Task 1


TASK 2   The objective of this task is to address and exhibit an understanding to the nature of the national environment in which business operate. To address this Learning outcome, research Sainsbury Plc. and address the task as specified. Please note that the research reflecting only subjective skills and without reference to the chosen scenario will be a referred work.  

LO2 Understand the nature of the
national environment in which businesses 
operate
P 2.1   Giving relevant examples,  briefly explain how different economic systems such as: command, free enterprsie,mixed and transitional systems attempt to allocate resources effectively

P2.1
(P, M, D


P2.1
(P, M, D


P2.2 ConsideringSainsbury PLC UK, assess the impact of fiscal and monetary policy on their activities
P2.2
(P, M, D

P2.2
(P, M, D

P 2.3 Explain the impct of competititon policy and other regulatory mechansism on the activities of Sainsbury PLC UK.
P2.3
(P, M, D

P2.3
(P, M, D

Summarized Feedback for Task 2(reflecting 2.1, 2.2, 2.3, Pass merit and distinction.)





IV comments towards
Task 2




TASK 3:The objective of this task is to understand the behaviour of organizations in their marketing environment.  To address this learning outcome e you are suppose to continue your research on the chosen organization, Sainsbury PLC and address the learning outcome as specified. 
LO3 Understand 
the behaviour of
organisations in 
their market environment
P3.1   Explain how market structures determine the pricing and output deicisons of Sainsbury PLC UK.

P 3.1
(P,M,D)

P3.1
(P,M,D)

P 3.2   Illustrate how market forces shape Sainsbury PLC UK responses using a range of examples.
P3.2
(P,M,D

P3.2
(P,M,D)


P 3.3   Judge how the business and cultural envoronments shape the behaviour of Sainsbury PLC UK.
P3.3
(P,M,D)

P3.3
(P,M,D)

Summarized Feedback for Task 3(reflecting 3.1, 3.2, 3.3, 3.4, Pass merit and distinction.)

IV  comments towards
Task 3




TASK 4 The objective of this task is to understand the global factors and assess the significance of the global factors that shape national business activities. To address this task continue your research with Sainsbury PLC and address the Learning outcomes as specified. Please note work reflected without address to the chosen organization will be refereed.  
TASK 4
LO4 Be able to assess
 The significance of 
the globalfactors 
that shape national
business activities.
P 4.1   Discuss the significance of international trade to Sainsbury PLC UK.







P 4.2Analyse the impact of global factors on Sainsbury PLC UK.





P4.3   Evaluate the impact of polciies of the European Union on Sainsbury PLC UK.




Summarized Feedback for Task 4(reflecting 4.1, 4.2, 4.3, Pass merit and distinction.)

IV  comments towards
Task 4

Merit grades awarded
M1

M2

M3

P1

P2

P3

P4

 Distinction grades awarded
D1

D2


D3

Resubmit :
Any other comments
Grade given by the Assessor:
Pass                                            Merit                                                  Distinction           
Assessors Signature:                                                               Date:
IV Grading Check:                                    Comments if any:
Agree              
Disagree                                                   Modify grade to

IV signature:

Date:

Students feedback:

Student Signature:                        Date:
Any act of plagiarism will be seriously dealt with according to the colleges and awarding bodies’ regulations. In this context the definition and scope of plagiarism are presented below:
  Plagiarism is presenting someone’s work as your won. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework form another student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the college procedure. (For further details please refer to the plagiarism policy and the student code of conduct.) UNIT 34: HERITAGE AND CULTURAL TOURISM MANAGEMENT




























ASSIGNMENT
Sainsbury’s was founded in 1869 and today operates over 1,106 supermarkets and convenience stores and employs around 157,000 colleagues. Sainsbury puts its customers at the heart of everything and does and invests in is stores, their colleagues and their channels to deliver the best possible shopping experience. Sainsbury’s strong culture and values are part of its identity and integral to its success.
Sainsbury’s Business strategy & objectives Top of Form

We have a clear, long-term strategy to deliver our vision of being the most trusted retailer where people love to work and shop.

Our values

Top of Form
Our five values provide the framework for how we do business at Sainsbury's. They guide us in everything we do - from key business decisions to day-to-day activities.
Bottom of Form
Sainsbury's 20x20 Sustainability Plan
We continue to make significant progress against our 20x20 Sustainability commitments, with many activities – from zero waste to landfill, to 100% fresh British pork, to progress in salt reduction in cooked meats – several years in the making.
It has also been a landmark year for our sector, with trust very much in focus. From the scandal of horsemeat to the tragic collapse of the Rana Plaza factory in Bangladesh, questions have been raised about the values behind the products we buy. And whilst Sainsbury's was not directly affected, I have no doubt that the impact across our sector has been significant.
You are advised to useSainsbury PLC as your scenario and address the following tasks as specified below:
Bottom of Form

TASK 1 to TASK 4: You are required to follow the instructions as specified towards each task and support with a research by using supportive materials like books, websites, etc., and give a feedback on the findings by relating your arguments to the relevant case study as specified towards each task:

Task 1.
The objective for this task is to address and exhibit an understanding to the Organizational purposes of the business.  You are required to address the task as specified and research Sainsbury PLC to address the learning outcomes as specified:  Please note that the research and subjective skill needs to exhibit transferable skill by reflecting it to the chosen organization. Answers reflected without reflective practice will be referred. 
P1.1.  Explain briefly the following types of organisaitons and thier purposes:
f)        Virgin Group LTD
g)     Sainsbury PLC
h)     MC Donalds
i)       National Health services (NHS) England
j)        A corner shop near where you live.

P 1.2  Considering Sainsbury PLC, describe the extent to which it meets the objectives of its different stakeholders.

P 1.3Considering Sainsbury PLC, explain its various responsibilites as an organisaiton and the strategies it employs to meet them.


TASK 2:
The objective of this task is to address and exhibit an understanding to the nature of the national environment in which business operate. To address this Learning outcome, research Sainsbury Plc and address the task as specified. Please note that the research reflecting only subjective skills and without reference to the chosen scenario will be a referred work.  
P  2.1Giving relevant examples,  briefly explain how different economic systems such as: command, free enterprsie,mixed and transitional systems attempt to allocate resources effectively with refernce to Sainbury PLC.
 P 2.2
Considering Sainsbury PLC UK, assess the impact of fiscal and monetary policy on their activities.
 P 2.3
Explain the impct of competititon policy and other regulatory mechansism on the activities of Sainsbury PLC UK.


TASK 3
The objective of this task is to understand the behaviour of organizations in their marketing environment.  To address this learning outcome e you are suppose to continue your research on the chosen organization, Sainsbury PLC and address the learning outcome as specified. 

P 3.1Explain how market structures determine the pricing and output deicisons of Sainsbury PLC UK.

 P 3.2Illustrate how market forces shape Sainsbury PLC UK responses using a range of examples.

 P 3.3Explain how the business and cultural envoronments shape the behaviour of Sainsbury  PLC UK.

TASK 4
The objective of this task is to understand the global factors and assess the significance of the global factors that shape national business activities. To address this task continue your research with Sainsbury PLC and address the Learning outcomes as specified. Please note, work reflected without addressing to the organization chosen for the purpose will be refereed.

 P 4.1Discuss the significance of international trade to Sainsbury PLC UK.

 P 4.2Analyse the impact of global factors on Sainsbury PLC UK.

P 4.3Evaluate the impact of polciies of the European Union on Sainsbury PLC UK.



Assignment Guidelines:

Ø  Use a standard report structure, Word-process the report and use Normal script of a proper font size 12.
Ø  Produce an academic report, detailing the above issues with a word limit of 4000 to 4500 words.
Ø   Complete the title page and sign the statement of authenticity.
Ø  The Assignment sheet should be attached in the front.
Ø  Submit the document in a folder in the form of a file as well as a soft copy on the submission date.
Ø  It should be uploaded on E-Learning platform before the deadline and submitted to -------- and sign the submission form of the college.
Ø  Assignments submitted after the deadline will not be accepted unless mitigating and may be entitled for a late fee.
Ø  Collusion and Plagiarism must be avoided.
Ø  Start each answer on a new page and pages should be numbered. Highlight each question clearly.
Ø  Include a Bibliography at the end of the assignment and use the Harvard referencing system.  
Ø  All work should be comprehensively referenced and all sources must be fully acknowledged, such as books and journals, websites (include the date of visit), etc.
Ø  Try to give the page numbers, publishers' details and the year of publication
Ø  In order to pass you need to address all the LO
Ø  In order to get a merit you need to first pass and then address the characteristics of M1, M2,M3 
Ø  In order to get a Distinction you need to first pass, address all the merit characteristics and then address the characteristics of D1, D2 and D3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

Use a common format for the questions, for example:
Ø  Introduction (analyze the question.)
Ø  Underpinning Knowledge (write about the relevant theory/points)
Ø  Applied knowledge (Data Analysis)
Ø  Conclusions and Recommendations (summarizing the whole scenario keeping in view pass, merit, distinction criteria.) 









Student feedback form with the Assessment Grid indicating their pass, merit and distinction:
Name:                                                                                                       Registration Number:
Unit: Management accounting
Outcomes/criteria:
Indicative characteristics
Possible evidence
Feedback
P1.


P2.

P3.

P4.

As per the assessment criteria specified for pass

Do

Do

Do
Task 1


Task 2

Task 3

Task 4

Merit Description:



M. Identify and apply strategies to find appropriate solutions.
. Relevant theories and techniques have been applied.


. Effective judgments have been made.

. Complex problems with more than one variable have been explored.

. An effective approach to study and research has been used.




M2. Select/ design and apply appropriate methods/ techniques.

. A range of methods and techniques has been applied.


. A range of sources of information used.

. The selection of methods and techniques justified.

. Complex information/data have been synthesized and processed.

.Appropriate learning methods/ techniques applied.


M3. Present and communicate appropriate findings.
. Appropriate structure and approach has been used.


. Logical and coherent arguments have been presented

. Technical language accurately used.

. A range of methods of presentation has been used.

. Familiar and unfamiliar contexts have been used.

. It is appropriate for familiar and unfamiliar audiences.

Distinction Description:



D1. Use critical reflection to evaluate own work and justify valid conclusion.
. Synthesis has been used to generate and justify valid conclusions


. The validity of results has been judged

. Self-criticism of approach has taken place.

. Evaluation has taken place using defined criteria

. Realistic improvements have been proposed against defined characteristics for success.

D2. Take responsibility for managing and organizing activities.
Autonomy/independence demonstrated


Substantial activities/projects or investigations have been planned, managed and organized.

The unforeseen has been accommodated.

The importance of interdependence has been recognized.

D3. Demonstrate convergent, lateral and creative thinking
Ideas generate and decisions taken









Convergent and lateral thinking have been applied

Capacity for innovation and creative thought has been used.

Receptiveness to new ideas has demonstrated.

Unfamiliar contexts have been applied.



Learning outcomes
On successful completion of
this unit a learner will:
Assessment criteria for pass
The learner can:
LO1 Understand the
organisational purposes of
businesses
1.2     identify the purposes of different types of organisation
1.2   describe the extent to which an organisation meets the
objectives of different stakeholders
1.3   explain the responsibilities of an organisation and
strategies employed to meet them
LO2 Understand the nature of the
national environment in
which businesses operate
2.1   explain how economic systems attempt to allocate
resources effectively
2.2   assess the impact of fiscal and monetary policy on
business organisations and their activities
2.3   evaluate the impact of competition policy and other
regulatory mechanisms on the activities of a selected
organisation
LO3 Understand the behaviour of
organisations in their market
environment
3.1   explain how market structures determine the pricing
and output decisions of businesses
3.2   illustrate the way in which market forces shape
organisational responses using a range of examples
3.3   judge how the business and cultural environments
shape the behaviour of a selected organisation
LO4 Be able to assess the
significance of the global
factors that shape national
business activities
4.1   discuss the significance of international trade to UK
business organisations
4.2   analyse the impact of global factors on UK business
organisations
4.3   evaluate the impact of policies of the European Union on
UK business organisations.










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