Unit 1 Exploring Business Activity Assignment 3 P5
In this essay I will be describing how three external factors are impacting upon the business activities and stakeholders of John Lewis and Oxfam.
The first of the three external factors I have chosen is the credit crunch. The credit crunch is a decline in the availability of loans or a tightening of conditions required to take out a loan from banks. It also means that there are reductions on the interest rates set up by banks for saving. Credit crunches are normally caused by a period of careless and risky lending to people who don’t necessarily fit the exact requirements, these careless decisions lead to no return and leave the banks losing a lot of credit.
Impact in
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Impact in business activity
John Lewis
The entrance of new competitors for John Lewis puts a lot of pressure on them to keep original customers. They have to introduce ways of keeping them coming back to their store and not the new competitors who have just set up. They could do this by creating a club card which gains points for every purchase they use, the higher the purchase the more points they get to spend in store in return for products as a reward. If they do not come up with a decent strategy to keep customers coming back then they will more than likely loose many customers to their new competitor which could prove fatal to the financial statement figures. There is also an increased pressure to just reduce prices for a set period in order to calm the hype of a new store being opened in the area. More advertising will also have to be done to compete and to try and fade the other store out of the market.
Oxfam
Although you wouldn’t expect charities to have competition, they do. A new competitor for Oxfam would result in fewer donations as the new charity will without doubt have marketing strategies to persuade people to donate to them. The public cannot afford to donate to every charity out there therefore it increases pressure on Oxfam to make sure that they are the charity receiving the donations. In order to
Take in and implement better technologies immediately as soon as they have availability, regardless of whether or not there are organisations using them beforehand
In this section of the report I will be analysing how business activities from each factor; political, legal and social, have impacted on two contrasting organisations. The two contrasting organisations I will be focusing on are Tesco's and Amazon.
| A trade union is an organisation that employees can join, where their rights and interests are discussed and protected. A trade
There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.
Give contests to the workers between each other and give points to the workers for whatever good things they have done and also must deduct points when they do not do well suppose for example when a worker keep absenting themselves must deduct points for every absence so the staffs will turn up every day and they will be motivated to turn up for work for everyday and put in such a way that that the staff who earns the most points will get rewarded with the most bonus and that will motivate the staffs to do good
Source 1 is an image that is showing a man in a washroom washing his hands with soap. It can be made out that the man is white and of high social class. It is an advertisement about Pears’ soap and its advances in cleaning purposes. But on the other hand we can read the saying “The White Man’s Burden” which is used to indicate that white men have a responsibility o0f being paternalistic towards the first nations. In this case it is most likely first nations since in the background there are signs of ships and imperialism. The ideological perspective presented in the source is globalization. If there was no competition between the European countries it was most likely that America would have never been found. The links between the principles
Section 2 – Understand the purpose of health, safety and security procedures in a business environment
In this task I’m going to analyse the figures on cash flow that I created in P3 and justify why you think the business might have problems also provide range of solutions.
The article I have choose to write about for Unit 4 is Skills to use as a Therapist. There are many skills and traits that can help you become a great councilor. Using these skills will help you become better at your job. Number one is having Empathy, having the ability to be attuned to individual's needs, also to help them understand their feelings. Second is having great listening skills. Being able to listen to your clients feelings and being able to reflect them back to them. Try to focus on what they might not be saying to you. So you are able to help them talk about the things that may really be bothering them. Third, having great social and communication skills is very important. You want to be able to communicate
An organisation has to be ready at all times to give access to the systems that store, process and deliver information to the right people at the right time.
Of course you can create and format documents using Windows 8. Since its earliest versions, Windows is bundled with a very useful text editing tool called WordPad that it considers as a light version of a Microsoft Word, and a more advanced app than other simple text editors like Notepad. This tool allows you to create, edit, format, view, and print text documents, you can use it to type memos, create quick reports and other simple documents. For example, if you want to create a document in WordPad, you only have to open WordPad by clicking the Start button, typing WordPad in the search box, and clicking WordPad in the list of results. Then, you can write the text you
A way of doing this task efficiently would be to keep a log setting out of the roles that you and the other members of the team have within the team in which you are working as a part of.
Assignment Brief: Add a further section to your article that provides an in depth explanation covering the points of view of the different stakeholders and provide a clear link between these points of view and the aims of the two organisations. For each stakeholder you have identified, explain how much influence they have on the aims and objectives of the two organisations.
Prudence concept is when a transaction is uncertain and therefore the profit is not recognised and unclear. If these sales are not completed, it could be a problem for the business organisation. This money will be recorded as bad debts in the profit and loss account.
Mobile Satellite Group and Sumpo Insurance company are two different types of companies in Singapore. Mobile Satellite's serves the shipping industry in Singapore as well as overseas. Sumpo Insurance serves customers in Singapore as well as Japan. Both companies possess long histories of success and have fair share of effect in terms of environmental issues that has affected their business functions. My report will compare and contrast each company's environmental issues in relation to the business function so that the reader would gain a better understanding of each respective company.