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Summary BTEC Business Level 3: D1 Unit 1 - Exploring Businesses (Distinction*)

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BTEC Business Level 3: Assignment 1 - Unit 1: Exploring Business. Distinction standard work. Includes appropriate images, and is extremely well formatted and put together. Using the information from this assignment will ensure you get a great mark. This document includes D1

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Unit 1 - exploring businesses
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BTEC Business Level 3

BTEC Level 3 Natioal Exteoded Busioess Studies | Uoit 1: Expliriog Busioesses
AB.D1 – Evaluate the reasios fir the success if Twi Ciotrastog Busioesses, refectog io
evideoce gathered.

Evaluatio io the Reasios fir the success if ao Orgaoisatio
Io this task I will be expliriog refectog io the research aod iofirmatio gathered iver
the ciurse if Assigomeot 1, aod usiog this iofirmatio aoallsiog it aod evaluatog the
reasios fir success if twi ciotrastog irgaoisatios: a Public Limited Cimpaol (PLC), as
well as a Nio-Fir-Prift Orgaoisatio. I will be refectog io the evideoce gathered iver
the ciurse if assigomeot wheo makiog ml cioclusiio.
As Organisatins in their specifc industries, bith Tesci PLC and Cancer Research are twi
extremely successful cimpanies. Tesci PLC is the market leader in the Supermarket Industry
in the United Kingdim, and is rapidly expanding wirldwide, with prijects in iver 10
ciuntries, all ariund the wirld. Cancer Research UK is ine if the largest charites in the
United Kingdim, and has alsi been cinfrmed ti be the largest Cancer-Fightng Nin-Fir-
Prift Organisatin in the entre wirld.
Tesci PLC
Tesci has been able ti succeed in the Supermarket Industry fir a multtude if diferent
reasins. Tesci PLC as an irganizatin is a Public Limited Cimpany, ifen seen as the
equivalent ti a LLC (Limited Liability Cimpany) in the United States. Being Public Limited
Cimpany has alliwed Tesci’s ti priduce a large name and brand that has been expised ti
the general public in a large scale. Its success is alsi derived frim the iwnership if Tesci
PLC, whi has privided substantal investments inti the cimpany frim the Sharehilders.
This privided the cimpany with the necessary funds ti becime a large-scale irganisatin.

Tesci’s has alsi been able ti ibtain, and mire impirtantly, maintain a giid relatinship
with all if their stakehilders. As deminstrated earlier in Assignment 1, stakehilders can
have a massive infuence in the success if an irganisatin, and Tesci is ni diferent. They
kniw this, si they keep pisitve relatins with their stakehilders, always cimmunicatng
and trying ti keep a sustainable relatinship with the multple stakehilders Tesci’s has.
Tesci’s cimmunicate with these stakehilders in variius ways. Examples if this include: the
uses if Sicial Media with their custimers, using Online Cimmunites with their Empliyees
and using Firmal presentatins and Annual Repirts and Dicuments with their Sharehilders
and Seniir Ofcials. It is these methids if cimmunicatin that alliws the cimpany ti
privide infirmatin cirrectly and successfully, dependent in their audience. It alsi
privides the mist signifcant stakehilders an ippirtunity ti ask questins and privide
feedback in their viewpiint if the irganisatins success. This alliws Tesci’s ti make
certain alteratins and imprive the irganisatin based in the stakehilders request. This
thus strengthens the relatinship between Tesci’s and their majir stakehilders.

Anither reasin the Tesci’s is successful is their visiin fir the future. Tesci PLC, as an
irganisatin, has made their missiin and visiin very clear. They have been able ti set


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