Business Functions and Skills Required: Advice to Run a New Company

Learning Outcomes Assessed

Learning Outcomes Assessed:

LO1: Discuss key business functions and the skills sets required for working in these.

Assignment brief:

John is 21 years old and has very little work experience, he has just won £10 million on the lottery. John has decided to buy a local company (IOM Electronics Ltd) with a view to also running the company himself. The company is a well-known regional organisation with 200 employees based over two sites in Manchester and Liverpool. John is well aware of the fact that he has no understanding of many of the practical requirements and responsibilities involved in running a business. He has hired you in the role of consultant to produce a report advising him in the following areas:

1.Describe the various functional areas in business organisations.

2.Describe the types of skills needed by employees to be able to work effectively in these functional areas.

The report will be to a high standard. It will provide a comprehensive overview of internal and external factors which can impact upon an organisation with regard to people management. It will also make clear links to how these different factors impact upon the organisation and its employees and to the differentbusiness functions applicable in responding to these demands. Individual skill sets and qualifications will be discussed comprehensively against the context of the assignment brief.Referencing and research will be excellent and used effectively throughout to support your arguments.

The report will be to a very good standard. It will provide a clear overview of internal and external factors which can impact upon an organisation with regard to people management. It will also discuss the impact such factors can have on the organisation and its employees and the different business functions applicable in responding to these demands. Individual skill sets and qualifications will be discussed effectively against the context of the assignment brief.Referencing and research will be of a good standard.

The report will be to a good standard. It will provide an overview of internal and external factors which can impact upon an organisation with regard to people management. It will also discuss the business functions that could be used to respond to such demands. Individual skill sets and qualifications will be discussed against the context of the assignment brief.Referencing and research will be evident.

A reasonable attempt will be made to prepare and deliver the report but will be under-developed and will not reflect effective teamwork.

Students who do not meet the requirements of a third class grade will not successfully complete the assessment activity.

You are required to submit a soft copy via “Turn-it-in UK” on the module Moodle page.  The software will allow you to check your work against other material on the internet. It will also compare your work against other students work.

You will be able to upload drafts of your written work into turn-it-in as many times as you wish before the deadline.

You will not be able to overwrite the final submission after the deadline. You can only submit a single file.