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.

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Learning aim {C}: Assignment 3
Learning aim {D}: Assignment 2
Learning aim {E}: Assignment 3
Merit criteria.
Distinction criteria.
Unit 1: Weblog

Step 1: Innovation contributes to the success of a business by:

Click: Mind-map - to magnify

Online resources - Learning aim [E1]

Utilise the hyperlinked online resources - and your own research - to construct traceably examples,

which accommodate the stated innovative success factors outlined 1-4

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Learning aim {C}: Examine the environment in which businesses operate. {Feedback}

C.1, P.4: Learners should have discussed the effect of internal, external, and competitive environments on their given business.
C.2, P.5: Learners should have employed techniques to undertake a situational analysis of their given business.
C.3, M.3:Learners should have accessed the effects of the business environment on their given business.
C.4, D.2: Learners should have evaluated the extent to which the business environment affects their given business, using a variety of situational analysis techniques.

Learning aim {D}: Examine business markets. {Feedback}

D.1, P.6: Learners should have explored how the market structure and influences on supply and demand affect the pricing and output decisions for a given business.
D.2, M.4: Learners should have assessed how their given business has responded to changes in the market.
D.3, D.3: Learners should have evaluated how changes in the market have impacted on their given business and how this business may react to future changes.

Learning aim {E}: Investigate the role and contribution of innovation and enterprise ...{Feedback}

E.1, P.7: Learners should have explored how innovation and enterprise contribute to the success of a business.
E.2, M.5: Learners should have provided an analysis of how successful the use of innovation and enterprise has been for the business.
E.3, D.4: Learners should have evaluated how innovation and enterprise can be justified - for business - in relation to its changing market and environment.

Bibliography

Hilton (2023, C): Unit 1. Online resources. Learning aim C. Available at: URL: https://cwc020423.blogspot.com/2023/04/11-explore-how-innovation-and.html (Last accessed: June 2023)
Hilton (2023, D): Unit 1. Online resources. Learning aim D. Available at: URL: https://cwc020423.blogspot.com/2023/04/12-analyse-how-successful-use-of.html (Last accessed: June 2023)
Hilton (2023, E): Unit 1. Online resources. Learning aim E. Available at: URL: https://cwc020423.blogspot.com/2023/04/13-justify-use-of-innovation-and.html (Last accessed: June 2023)
Hilton, D (2023). Unit 1: Exploring Business - weblog - Online Resources. Available at: https://cwc24123unit1.blogspot.com/(Accessed: June 2023)
Hilton, D (2023, E.A.2/3): Exemplar of - Assignments 2 and 3 - Weblog presentation. Available at: https://cwc020423.blogspot.com/ (Accessed: June 2023)
Hilton (2023, DE): Distinction criteria exemplar. Available at URL: https://docs.google.com/presentation/d/1f1BbYQFRiTPijc47m4HE8pghLvFdsyTt/edit#slide=id.p1 (Accessed: June 2023)
Hilton (2023, DG): Distinction guidance. Available at URL: https://cwc020423.blogspot.com/p/distinction-criteria.html. (Accessed: June 2023)
Hilton (2023, ME): Merit criteria exemplar. Available at URL: https://docs.google.com/presentation/d/1ipC8aElx0eUpqTRvpn0ecLVTFNhxGA0W/edit#slide=id.p1(Accessed: June 2023)
Hilton (2023, MG): Merit guidance. Available at URL: https://cwc020423.blogspot.com/p/merit-criteria.html. (Accessed: June 2023)
Hilton, D (2023, S): The shamrock organization. Available at: https://cwc24123unit1.blogspot.com/p/the-shamrock.html (Accessed: June 2023)
O.U (2023): Quick guide to Harvard referencing. Available at: https://www.open.ac.uk/library/referencing-and-plagiarism/quick-guide-to-harvard-referencing-cite-them-right. (Accessed: March 2023).
Pearson (2022): BTEC Level 3 National Extended Diploma in Business – Specification – Issue 14 – July 2022 © Pearson Education Limited 2022
Assignment 3: How important is innovation and enterprise to business success?
Overall feedback - Unit 1: Assignment 2 and 3 - Learning aims: C, D and E

Author:

David Hilton

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