Home Solutions Answer: Demonstrate an understanding of the concept of the organisation and the environment in which it operates, including determining the competitive advantage for an organisation.
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Effectiveness in the Business World
Word Limit:  words (Plus or minus 10%)
Learning outcomes assessed:
This coursework is worth 100% of the total marks for this module.
Please read carefully
The template supplied should be used to make the final submission on the Student Portal by the submission deadline
You are responsible for ensuring you understand the policy and regulations about academic misconduct. You must:
There are four  tasks in this Portfolio. The tasks are an imaginary basic approach that you as an Entrepreneur will taketo start and successfully managing a business enterprise. Each task focuses on crucial elements required to start a business, manage it, succeed and sustain its success in a competitive business environment.
How you are required to approach your Assignment
As a requirement for the completion of this portfolio, you should first decide on a type of business you have or would potentially like to start up in the future (e.g. restaurant, shop, service etc.). Your answers to the tasks below will relate to this business.
The table below contains useful tips and guide about your assignment tasks.
You should imagine a business of your choice, whether or not your preference is to actually own a business in the future. The description should include type of business, possible location and what its products or services are.
Regarding PESTEL –Your answer should begin with stating what the acronym represents and an example of each of the factors – for example, ‘P’ represents ‘Political factors’ and an example of this is ‘government policies’, etc. You should then focus your answer on the relevance of this tool to business.
Your answer should include advantages and/or disadvantages of globalisation as discussed in lectures.
Technology can be as basic as ‘hair dryer’, etc, in the case of someone with a Hair Dressing business.
A business may have more than one type of customers – for example, aBarber’s may have those who visit to have a haircut and may also have those who only need to purchase a shaver. Your answer should clearly list out all possible/potential customers to your particular business.
Your answer should begin with the meaning of ethics. It should then progress to state how business ethics can affect a business. Your answer should refer to examples of a business that treats its staff ethically well.