The task assigned to students is to create a presentation on “The Business Environment” to assist the HR team in understanding the various factors that impact the business environment.
AC 1.1 Application of an analysis tool (such as PESTLE) to examine the key external forces impacting or likely to impact an organisation’s activities
Guideline
The students conduct a comprehensive analysis of external forces using various strategic models such as PESTLE, SWOT, Porter’s Five Forces, and BMC. These models serve as guides for professionals, assisting them in understanding the organisational operational dynamics.
The importance of conducting a PESTLE analysis, according to Battista (2021), lies in its ability to thoroughly examine political, economic, social, technological, legal, and environmental factors. Professionals diligently collect pertinent information and assess potential risks to the business environment. The PESTLE analysis is a highly effective tool for facilitating workforce planning, marketing strategies, product development, and organisational change.
Additionally, Wilson (2021) clarifies that the SWOT analysis tool assesses the organisation’s Strengths, Weaknesses, Opportunities, and Threats. Students are expected to elaborate on the benefits and drawbacks of each model when performing analyses using these tools. They must also clarify how these analytical tools affect organisational decision-making procedures.
AC 1.2 An explanation of an organisation’s business goals and why it is important for organisations to plan for how they will achieve these. Your explanation should include examples of planning, such as how a business has been structured or specific policies introduced or people practices followed, in order for business goals to be achieved Guideline Students are urged to pick a specific company from their nation to respond to this inquiry. A British multinational corporation named Unilever might be
ght be used as an example when responding to the question.
An organisation’s business objectives have a significant impact on its development and effective operation. These goals not only help the organisation grow, but they also inspire workers and other stakeholders by helping them to align with the organisation’s vision. In the case of Unilever, their objectives center on enhancing livelihoods, enhancing people’s health and wellbeing, and providing goods that actively lessen their impact on the environment.
In order to create a favorable work environment for their employees, businesses engage in strategic planning. They work hard to create policies that complement the practices and overarching goals of the organization. In order to ensure that the business makes steady progress in achieving its goals, professionals and managers play a critical role in planning for business continuity.
AC 1.3 An explanation of an organisation’s products and/or services and main customers
Guideline
Students are given the distinct task of evaluating the variety of goods and services that the company offers to the market. For instance, Unilever offers a wide variety of products to a wide range of customers, including food, beauty, and personal care items. This clientele includes people of all ages, including babies and the elderly.
Students are expected to detail the specific benefits that each customer segment receives from the business in their presentat...
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