In: Operations Management
Scenario
Understanding the relationship between businesses and
the environment in which the businesses operate is very important
in shaping how businesses behave. In your role as Business
Development Manager, you will need to develop strategies that
enable your organisation to meet its purposes in ways that comply
with the relevant legal and regulatory frameworks. This would
involve extensive research on the organisation’s purposes and the
nature of the environment in which the business operates.
You need to prepare and present PowerPoint slides to
your work colleagues identifying, describing and explaining the
following:-
.
2.1 Explain how economic systems attempt to allocate resources
effectively
.
2.2 Assess the impact of fiscal and monetary policy on
business organisations and their activities
.
2.3 Evaluate the impact of competition policy and other
regulatory mechanisms on the activities of a selected
organisation