ASSIGNMENT 1 BRIEF

FRM03_Assignment brief_14.11.2012

ASSIGNMENT 1 BRIEF

Qualification BTEC Level 5 HND Diploma in Business

Unit number and

title Unit 1: Business Environment

Assignment issued October 21, 2014 Assignment due

November 6, 2014

November 13, 2014

Assessor name Nguyen Thanh Son

Assignment title

Businesses and Their Interactions with National Environment

This assignment encourages learners to identify purposes of different

types of organization and to investigate the national environment in

which businesses operate, which correspond to Learning Outcome 1 and

Learning Outcome 2 of the unit/course.

Scenario:

You have just become an analyst in a mutual fund which operates both

in Vietnam and in any other foreign countries. As part of the new

employee training program, your direct supervisor gives you an

assignment where you need to do research on different organizations in

both countries as your potential investment targets. In addition, you also

need to do research on economic systems of Vietnam and the selected

country to support your future investment decisions. At this training

stage, your supervisor does not ask you to give investment

recommendations. The supervisor only wants you to acquire

organizational research skills.

Your supervisor sets out specific tasks and asks you to write a report

without restriction on pages however you are strongly advised to keep

yourself as much cohesive, concise and flexible as possible. The report is

required to show the cover page, table of contents, list of references,

and appendices. Your report needs to show insights on two main


themes: (1) purposes of different organizations in Vietnam and the

selected organization; and (2) how different macroeconomic systems

affect business operations. In the first theme, you will need to write

about purposes, stakeholders, and performances of different

organizations. In the second theme, you will need to write about general

characteristics of economic systems including regulations and

competition policies in Vietnam and the selected organization in a

foreign environment, and possible impacts of fiscal and monetary

policies on business operations.

Your supervisor gives you some freedom in fulfilling the tasks. Especially,

you can choose the business organizations (cases) that you deem

appropriate. The specific tasks will be set out in the following sections.

Aim of the

assignment

This assignment satisfies the following learning outcomes and

assessment criteria:

LO 1. Understand the organizational purposes of businesses

1.1 identify the purposes of different types of organization

1.2 describe the extent to which an organization meets the

objectives of different stakeholders

1.3 explain the responsibilities of an organization and

strategies employed to meet them

LO 2. Understand the nature of the national environment in which

businesses operate

2.1 explain how economic systems attempt to allocate resources

effectively

2.2 assess the impact of fiscal and monetary policy on business

organizations and their activities

2.3 evaluate the impact of competition policy and other regulatory

mechanism on the activities of a selected organization.

Specific

requirements

(see Appendix for

assessment criteria

and grade

descriptors)

- Task 1.1. Identify the purposes of different types of organization

You need to write a comparative analysis of one organization operating

in Vietnam and the other one operating out of Vietnam (being run in a

foreign country) , regardless of their mother organizations' origin.

You can choose two organizations that you deem appropriate. The two

cases cover on the following organizational types: one private-owned


organization and one state-owned organization either in Vietnam or in

the foreign environment.

You will need to make a summary table of these organizations and give

your own analysis, discussions, and comparisons on them. The

organizational characteristics that should be focused on are: vision,

mission, goals, objectives, organizational values, nature of products and

services, ownership structure, customers, number of employees, market

values, revenues, profits, and market share, whenever applies. In

addition, you can consider other characteristics which you deem relevant

to show organizational purposes.

Task 1.1 produces evidence for assessment criterion 1.1.

- Task 1.2. Describe the extent to which an organization meets the

objectives of different stakeholders

From the two cases in Task 1.1, you can select one organization for

further analysis on performance regarding stakeholders' objectives.

First of all, you need to identify all major stakeholders: owners;

customers; suppliers; employees; debtors; creditors; financial

institutions (banks, mortgage lenders, credit factors); environmental

groups; government agencies (central government, local authorities);

trade unions, industries, sectors, and related communities.

Second, for each of the identified stakeholder, you need to come up with

relevant qualitative or quantitative indicators showing the extent with

which the organization meets the stakeholder's objectives. Finally, you

need to collect data to have specific measures and give discussions on

organizational performance regarding stakeholders' objectives.


- Task 1.3. Explain the responsibilities of an organization and

strategies employed to meet them

In continuing Task 1.1, you can pick one out of two organizations for

further analysis on organizational responsibilities.

First of all, you need to select two organizational responsibilities and

analyze them. Some examples on organizational responsibilities are:

satisfying stakeholder objectives; legal responsibilities such as consumer

legislation, employee legislation, equal opportunities and anti-

discriminatory legislation, environmental legislation, health and safety

legislation; ethical issues such as fair trade, global warming.


Next, you need to discuss strategies that the organization uses to meet

the two selected responsibilities, which may include internal processes,

human capital, information capital, and organization capital. For

example, the organization can set up internal controls for environmental

legislation compliance.


- Task 2.1. Explain how economic systems attempt to allocate resources

effectively

To make effective investment decisions in the contexts of Vietnam and

the foreign environment, you need to write about major economic

systems in these two countries.

First, you need to give key macroeconomic features of Vietnam and the

selected organization in the foreign environment, and discuss the

mechanisms, i.e. price system and central planning, with which the two

economies allocate resources. Furthermore, based on literature sources,

you can give discussions on how effectively these economic systems

allocate resources.

The key macroeconomic features that you should focus on are size (GDP,

GNP and the cost of living or living standard); population; labor force;

growth;

Task 2.1 provides evidence for assessment criterion 2.1.

- Task 2.2. Assess the impact of fiscal and monetary policy on business

organizations and their activities

You need to write about: possible impact of fiscal and monetary policy of

Vietnam on the two selected organization in Task 1.1; activities of these

two organizations have been taken to minimize adverse effects and

benefit from policy changes.

You should rely on theoretical models of monetary and fiscal policy for

analysis. The selected organization examples of monetary and fiscal

policy are economic goals; fiscal policy and control of aggregate demand;

taxes; central and local government spending monetary policy; interest

rates; exchange rate and money supply.

Task 2.2 provides evidence for assessment criterion 2.2

- Task 2.3. Evaluate the impact of competition policy and other


regulatory mechanisms on the activities of a selected organization

You need to select one out of the two organizations and write about

possible impact of competition policy and other regulations on the

selected organization's activities. Foreign environment examples

(foreign) of different competition policy and regulations are competition

policy (up-to-date legislation) including Vietnam competition policy

(policy examples are the Competition Law and the Anti-Dumping

Ordinance.)

Task 2.3 provides evidence for assessment criterion 2.3

Student guidelines

1. You should write this assignment in the report style, although a formal

report structure will not be required.

2. You should use tables, diagrams and figures where appropriate and be

sure to give sources of information.

3. You should include a list of references to all cited sources using the

Harvard referencing system.

You should use font Calibri size 12 with 1.5 spacing.

Submission

requirements Students are expected to submit both soft and hard copy of assignment


APPENDIX: ASSESSMENT CRITERIA AND GRADE DESCRIPTORS

Learning

outcomes

Assessment criteria for

PASS

To achieve a pass grade

the evidence must show

that the learner is able to

Grade descriptors for

MERIT

To achieve a merit

grade the evidence

must show that, in

addition to the pass

criteria, the learner is

able to achieve at

least one/two

following skills:

Grade descriptors for

DISTINCTION

To achieve a distinction

grade, the evidence

must show that, in

addition to the pass and

merit criteria, the

learner is able to

achieve at least

one/two following

skills:


LO1.

Understand the

organizational

purposes of

businesses

P1.1 Identify the purposes

of different types of

organization

To achieve each outcome

at a pass level; a learner

must demonstrate the

ability to:

+ State different

organizational structures

and cultures

+ clear identification of

business organization

investigated should be

shown

+ A diagram to show

organizational and

structures should be

drawn.

+organizational data

collected and how it has

been used in your report.

P1.2 Describe the extent to

which an organization

meets the objectives of

different stakeholders

M1 Be able to identify

and apply your own

strategies to find

appropriate solutions.

In particular your

work must show:

- Compare and

contrast different

structures of

organizational and

cultures. In particular:

+ vision mission,

+ goals, objectives,

+ organizational

values,

+ nature of products

+ ownership

structure,

+ customers,

+ number of

employees,

+ market values, +

revenues, profits, and

market share

- (one is private –

owned, one is stated -

owned)

- Justify the

differences between

D1 Use your own

critical reflection to

evaluate your own work

and draw your own

conclusions on these

different types of

organizations and these

conclusions should

been justified with

given strongly

evidences.

- Be able to have

specific measures and

give discussions on

organizational

performance regarding

stakeholders'

objectives.

- Draw your own

conclusions on how

effectively economics

model (fiscal and

monetary policy) could

impact on the two

selected organizations

- Draw an effective

strategy to the

exploration of

organizational structure

and culture

+ be coherence

+ recommend practical


+ Analyze the relationship

between an organization’s

structure and culture and

the effects on business

performance.

+ Analyze the factors

which influence individual

behavior at work.

+ Identify and describe

ways in which the business

stakeholders of contrasting

organizational meet stated

business purposes.

P1.3 Explain the

responsibilities of an

organization and strategies

employed to meet them

+ identify organizational

responsibilities

+ A diagram of

organization’s

responsibilities should be

drawn.

P.2.1 Explain how

economic systems attempt

to allocate resources

effectively

these organizations

and show your

analysis, discussions,

and comparisons on

them.

- An effective method

on either quantitative

or qualitative to study

further on the

selected organization

and research will have

to be applied.

M2 Select/design and

apply appropriate

methods/techniques

- Use Fiscal and

Monetary policy with:

+ Aggregate Demand,

+ Aggregate Supply

(AD, AS) model

+ IS, LM Model to

illustrate and justify

on:

+ Price system and

central planning,

government fiscal and

monetary policies

with which the two

economies allocate

resources.

- Evaluate on how

effectively these

solutions to meet

stake’s holders different

objectives.

+ Self criticism on an

organization’s structure

and culture that effects

on the business

organization

+ draw your own

conclusions on

responsibilities and

strategies employed by

the business

organization

- Be able to evaluate

the application on one

of the competition

policies into real life

business and other

regulatory mechanisms

on the activities of the

selected organizations.

-Be able to include, use

critical reflection and

justify with your own

valid conclusions on

Vietnam competition

policy (policy examples

are the Competition

Law and the Anti-

Dumping Ordinance.


LO2.

Understand

the nature of

the national

environment in

which

businesses

operate

+ give key macroeconomic

features of Vietnam and

the selected organization

in the foreign environment

+ define fiscal and

monetary policy

+ identify impact factors of

these two policies on the

selected organization

P.2.2. Assess the impact of

fiscal and monetary policy

on business organizations

and their activities.

+ define and explain the

impacts of fiscal policy

namely aggregate

demand; taxes; central and

local government spending

on the selected

organization

+ define and explain the

impacts of monetary

policy; interest rates;

exchange rate and money

supply on the selected

organization.

P.2.3 Evaluate the impact

of competition policy and

other regulatory

mechanisms on the

activities of a selected

economic systems

allocate resources.

- Apply appropriate

economic models to

solve the economic

scare resources of the

two selected

organizations.

- Justify more advance

macroeconomic

features/models that

you should used to

explain and evaluate

their impacts on the

overall economy,

namely:

+ GDP,

+ GNP

+ the cost of living or

living standard);

+ population;

+ labor force;

+ growth;

- Be able to obtain

source of both

quantitative and

qualitative

information GDP,

GNP, the cost of

living, living

standard, labor

force and growth.

- Show some

D2 Take responsibility

for managing and

organizing activities.

- Be able to use

methodology

(quantitative,

qualitative, surveys, PO

method..,) to illustrate

the nature of the

national environment in

which businesses

operate:

+ Macro environments:

Political

Economical

Pollutions

+ Micro environments:

Suppliers

Competitors

Cost of production

- Highlight the effect of

a range of economics

system (between fiscal

and monetary policy)

and external factors has

had on the selected


organization.

+ Identify possible impact

of competition policy and

other regulations on the

selected organization's

activities.

+ Foreign environment

examples (foreign

environment) of different

competition policy and

regulations are

competition policy (up-to-

date legislation) including

Vietnam competition

policy (policy examples are

the Competition Law and

the Anti-Dumping

Ordinance.)

indicators to

prove your

findings

M3 Present and

communicate

appropriate findings

- language

- citation

- presentation

- chart

- format

-writing

- An appropriate

approach should be

used to analyze the

two selected

organization’s

responsibilities and

make your own

conclusion on these

two responsibilities.

- Be coherent and

show logical

development of

principles and

concepts for the

intended audience

organization.

- Source of information

- Quantity

- Substantial

- World bank

- Be able to obtain

secondary data with

some numbers, figures

and indicators of World

Bank on VN national’s

economy recently.

- Be able to use your

critical refection to

evaluate and give

discussions on how

effectively these

economic systems

(central and capitalism

economy) allocate

resources.

D3 Demonstrate

convergent/lateral/crea

tive thinking

- Ideas creative

- advise and modify for

Vietnamese contact

- Reflect the real

strategies that the

organization uses to


-The communication

should be more

appropriate for:

+ familiar audiences

+ unfamiliar audiences

+ An appropriate

media should be used

to discuss and analyze

the mechanisms (price

system and central

planning with which

the two economies

allocating resources.

- A range of methods

of presentation should

be used and technical

language should

accurately be used to

meet the two selected

responsibilities, which

may include:

+ internal processes,

+ human capital,

+ information capital,

+ organizing capital.

- Make your own

conclusion on what

make these two

organizations

responsibilities be

chosen to follow and

practice by the

organizations.

- Be able to justify valid

conclusions on how

economic systems

(central and capitalism

economy) allocate


resources effectively.

- Be able to

demonstrate your

convergent thinking to

make yourself

evaluation on the

impact of the two

economics model (fiscal

and monetary policy)

on the two selected

organizations.

- Demonstrate your


make yourself

evaluation on the

impact of the two

economics model:

- Under fiscal:

+ Tax revenue

+ Government spending

- Under monetary:

+ Inflation

+ interest rate

+ Money supply

- Be able to use critical

reflection to evaluate

and justify the possible

impact of the

competition policy and


other regulatory

mechanisms on the

activities of the selected

organizations.

- Be able to

demonstrate


make yourself

evaluation on the

possible impact of the

competition policy.

This brief has been verified as being fit for purpose

Internal

Verifier 1 Signature Date

Internal

Verifier 2 Signature Date

ASSIGNMENT 1 BRIEF

Documents

Transcript of ASSIGNMENT 1 BRIEF