Business Environment

The unit places the working environment in context through the development of an understanding of four elements, the structure and function of organisations, organisational management, marketing and the external environment such as the economy and markets.

46 Guided Learning Hours 101 Total Qualification Time

Syllabus topics

1. The economy (10%)

The British economy
Nature of industry
Employment patterns and population trends in the UK.

2. The organisation (15%)

Types of business organisation
Organisational objectives
Stakeholders
Growth and development and change in organisation
PESTEL analysis.

3. Organisational management (15%)

Management and leadership
Groups and teams within the organisation
Motivation and job satisfaction
Communication in organisations
Communication system.

4. The market environment (15%)

Marketing management
Elements of marketing
The product life cycle
Promotion
Pricing strategies.

Syllabus topics

1. The economy (10%)

The British economy
Nature of industry
Employment patterns and population trends in the UK.

2. The organisation (15%)

Types of business organisation
Organisational objectives
Stakeholders
Growth and development and change in organisation
PESTEL analysis.

3. Organisational management (15%)

Management and leadership
Groups and teams within the organisation
Motivation and job satisfaction
Communication in organisations
Communication system.

5. Assessment

This unit is assessed via Online Examination.