Effectiveness in the Business World

EBWO3001

 

October 2016

 

Portfolio

 

 

4. What type of organisation is it? Explain your answer.

(Sole Trader, Partnership, Private Limited Company (Ltd), Public Limited Company (plc), Co-Operative, Not for Profit corporation, Public sector)

5. What sort of organisational structure does the business you have chosen have? Explain your answer. (Simple, Functional, Divisional)

6. Describe THREE benefits of this organisational structure to this organisation?

 

 

 

Factor 2:

 

 

 

Which external consumer influence affects the demand for that product or service? Explain your answer.

 

 

 

 

Teaching Week 5

Task 4

The Competitive Environment

Choose a business and analyse its competitive environment by using Porter’s theory of five forces.

Potential New Threat

What barriers has this business had to overcome in terms of product or service differentiation?

Competitive Rivalry What are the business’s closed competitors? Explain your answer.
Buyer Power: Who are the buyers? Do the buyers have any power which threatens the business?
Supplier Power: Who are the suppliers? Do the suppliers have any power which threatens the business?
Substitute: Are there any products in other industries that can perform the same function? Explain your answer.
1		3	5
The only moral of business is making money.			2
Act according to the law, and you can’t go wrong morally.			4
Business decisions involve a realistic economic attitude and not a moral philosophy.			6
Competitiveness and profitability are important values.			8
As a consumer, when making an auto insurance claim, I try to get as much as possible regardless of the extent of the damage.			10
As an employee, I can take home office supplies; it doesn’t hurt anyone.			12
Employees’ wages should be determined according to the laws of supply and demand.			14
A good business person is a successful business person.

 

 

 

 

 

 

Task 6

Research recent highly publicised news of unethical behaviour in business.

Article Title:

Date:	Source:

 

 

Teaching Week 7

Task 7

Innovation and Entrepreneurs

 

Research an entrepreneur in business.

Entrepreneur:

Source:	Date published:

 

 

 

Task 8

Complete the assessment – Are You Innovative? (DAFT, 2011)

Think about your current life. Indicate with a tick (?) whether each item below is Mostly True or Mostly False for you.

 

Mostly False
	2) I consider myself creative and original in my thinking and behaviour.
	4) In a group or at work, I am often sceptical of new ideas.
	6) I like to spend time trying out new things.
	8) Among my colleagues/peers, I will be among the first to try out a new idea or method

 

 

 

 

 

 

Scoring and Interpretation:

Personal Innovativeness reflects the awareness of the need to innovate and a readiness to try new things. Innovativeness is also thought of as the degree to which a person adopts innovations earlier than other people in the peer group. Innovativeness is considered a positive characteristic for people in many companies where individuals and organisations are faced with a constant need to change.

To compute your score on the Personal Innovativeness scale, add the number of Mostly True answers to items 1,2,5,6,7 and 8 above and the Mostly False answers to items 3 and 4 for your score. A score of six to eight indicates that you are very innovative and likely are one of the first people to adopt changes. A score of four to five would suggest that you are average or slightly above average in innovativeness compared to others. A score of zero to three means that you might prefer the tried and true, and hence are not excited about new ideas or innovations. As a business leader, a high score suggests you will emphasise innovation and change.  low score suggest you may prefer stability and established methods.

 

What was your score?

In your own words, what does this say about how innovative you are?

 

 

 

Teaching Week 8

Task 9

Business and Change

 

Choose an organisation that interests you.

What is the name of the organisation and to what industry does it belong?

Use research to support your ideas on change which that organisation and industry has undergone in the last 5 years.   Consider any TWO of the below changes: ?        Structural Changes ?        Systems Changes ?     Cultural Changes ?     Technological Changes

What impact did the changes have on the people that work in the organisation?

Please ensure you list all your references here in the Bibliography, using Harvard style referencing.   Bibliography

 

 

 

Teaching Week 10

Final write-up and submission

1. Review the work and type it up correctly.
2. Use GSM Learn Plagiarism checking tool to check your work.
3. Review your work in line with the results from the Plagiarism checking tool.
4. Submit your work on the portal before the submission deadline.