Examine the environment in which businesses operate. | |
Task C.1: P.4: | Discuss the effect of internal, external, and competitive environments on a given business. |
Task C.2: P.5: | Select a variety of techniques to undertake a situational analysis of a given business. |
Task C.3: M.3: | Assess the effects of the business environment on a given business. |
Task C.4: D.2: | Adapted from Hilton (2023, C) |
Unit 1: Exploring Business - Assignments 2 and 3
This blog provides an overview of the key ingredients for business success, how businesses are organised, how they communicate, the characteristics of the environment in which they operate, and how this shapes them and their activities. You will also look at the importance of innovation and enterprise to the success and survival of businesses, with the associated risks and benefits.
Learning aim {C}:
Learning aim {D}:
Examine business markets. | |
Task D.1: P.6: | |
Task D.2: M.4: | Assess how a given business has responded to changes in the market. |
Task D.3: D.3: | Adapted from Hilton (2023, D) |
Learning aim {E}:
Investigate the role and contribution of innovation and enterprise to business success. | |
Task E.1: P.7: | Explore how innovation and enterprise contribute to the success of a business. |
Task E.2: M.5: | Analyse how successful the use of innovation and enterprise has been for a given business. |
Task E.3: D.4: | Adapted from Hilton (2023, E) |