The Head of Human Resources at Verto, Kareem Akram, is keen that interns understand the way in which businesses and organisations operate internally before they join the company’s different teams. He has produced an Induction Book

Unit 2 How Businesses and Organisations Work Assignment

For: ATHE Level 3 Diploma in Business ATHE Level 3 90-credit Diploma in Business

ATHE Level 3 Diploma in Business and Management ATHE Level 3 Extended Diploma in Business and Management

Assignment Scenario

Before progressing onto university to study International Business, you have managed to secure a 4-month management internship with a prestigious company in Oxford, England. Verto is a relatively small UK-based electric vehicle manufacturer focussed on making small, affordable electric cars and commercial vehicles. It has run the internship scheme for several years, offering just 10 places a year.

If you complete the internship successfully, it will increase your chances of joining Verto’s graduate recruitment programme.

Your responses to the tasks should be based on real businesses that you are familiar with. The businesses need to be Small Medium Enterprises (SMEs), although some sole traders may not be able to provide sufficient information required for the tasks.

Task

The Head of Human Resources at Verto, Kareem Akram, is keen that interns understand the way in which businesses and organisations operate internally before they join the company’s different teams. He has produced an Induction Booklet you have to complete. The headings in the booklet will require you to do some reading and research about different aspects of how businesses and organisations work internally.

Please use the separate Unit 2 Induction Booklet to submit your responses. In the Induction Booklet, you should demonstrate you can:

1. Outline the differences between strategic, tactical and operational objectives. Give an example for each objective.
2. Explain factors that lead to the choice of objectives in profit making and non-profit making organisations.
3. Explain the importance of customer service to organisations.
4. Analyse different organisational structures.
5. Analyse different legal identities of businesses.
6. Analyse the importance of human resources for a named organisation.
7. Explain the physical resources required by a named business.
8. Explain the digital/technological resources required by a named business.
9. Explain the sources of finance available to a named business.
10. Explain the main components of an income statement (profit and loss account), a balance sheet, a cash flow statement.
11. Explain the elements and purpose of budgets.

Extension activities: 

To achieve a Merit, you should complete the Merit tasks in the induction booklet to provide evidence you can:

1. Assess the factors that lead to organisations changing objectives.
2. Evaluate how effective customer service is achieved for an online business.

To achieve a Distinction, you must produce a discussion paper in which you:

a) Compare and contrast the resource requirements for a named sole trader and a named limited company.

Learning outcomes and assessment criteria

LO1 AC 1.1, 1.2, 1M1

LO2 AC 2.1, 2M1

LO3 AC 3.1

LO4 AC 4.1, 4.2

LO3 and LO4 AC 4D1

LO5 AC 5.1, 5.2

Guidelines for assessors 

The assignments submitted by learners must achieve the learning outcomes and meet the standards specified by the assessment criteria for the unit. To achieve a merit or distinction grade, the learners must demonstrate that they have achieved all the criteria set for these grades. Where work for the pass standard is marginal, assessors can take into account any extension work completed by the learners. The suggested evidence listed below is how learners can demonstrate that they have met the required standards. The command verbs contained within the AC are highlighted in bold in the suggested evidence boxes.