Assignment Brief Academic Year 2023-24 Module code and title: FY021 Introduction to Business Studies Module leader: Diana Mladin Assignment No. and type: CW1 Assessment weighting: 100% Submission time and date: Friday 19th January 2024 before 2 pm. Target feedback time and date: 3 weeks after submission deadline. Assignment task There are 3 elements to this assignment which are all detailed in the assignment task below. The assessment will include: A 10 min Group Powerpoint Presentation. This will relate to the internal and external factors which impact on business (Learning outcomes 2 and 3). A poster. This will relate to one part of the Marketing Mix, either Promotion, Price, Place or Product. This is an individual element. (Learning outcome 1). A report – 1500 words. This is an individual piece of work on The Body Shop. (Learning outcome 1, 2 and 4). This assignment has been designed to provide you with an opportunity to demonstrate your achievement of the following module learning outcomes: LO 1 Describe the role of HR, Marketing and finance functions within organisations LO 2 Develop an understanding of collaborative working practices LO 3 Demonstrate an understanding of the main factors, both internal and external, which impact businesses LO 4 Demonstrate knowledge of the role of financial management and reporting within the organisation Task requirements This assignment is a Portfolio assignment where you will work on 3 pieces of work throughout the module. The assessments will include: A 10-minute Group Powerpoint Presentation, a poster and a report. These will be completed throughout the module, and although a mark will not be awarded until the end of the module, detailed formative feedback will be provided together with the opportunity for the student to Internal approval: Name, Date 1 improve the work until the final deadline providing formative developmental opportunities. Please see the MODULE HANDBOOK for details of when formative feedback opportunities will be provided. TASK 1. 10-minute Group Presentation. Note: this contributes to 40% of the weighting of the portfolio. Instructions: Choose an organisation (preferably an SME) and discuss how ONE internal and ONE external environmental factor affect/impact that chosen organisation. You are required to form groups in order to carry out this assessment. Please confirm your groups with your module tutor. Choose one organisation (preferably an SME) to carry out this and discuss how both internal and external environmental factors affect/impact that chosen organisation. The presentation should include: a) Introduction of your group and chosen business organisation. b) Discussion on how one internal and one external environmental factor affect your chosen organisation? Use a Swot analysis to aid discussions. c) Narrative/written script for each slide (include a slide with sources - author/contributor). d) Conclusion. TASK 2 : A Marketing Poster This will relate to ONE part of the Marketing Mix, Promotion, Price, Place or Product. This is an individual element. (Note: this contributes to 33% of the weighting) You are required to choose an organisation of your choice and design a poster addressing one element of the Marketing mix (product, price, promotion, place). On the first page is the poster, the second page is your argument/write up about 1-2 paragraphs. Instructions: Choose a business or an organisation and select one product that the business provides. Produce a poster to demonstrate one of the 4 P's that make up the marketing mix (These are Product, Price, Place and Promotion). Don't forget, you are assessing only one from the four. E.g. Price: Is the pricing strategy effective? What problems might the business face if they get the pricing strategy wrong? What to include: Main body: This section should address all relevant issues relating to the title. You will have to use headings, pictures, graphs and charts in this section. (1 st page) The main argument discussed in a paragraph below the poster (2 nd page) References: using Harvard referencing format, providing academic/industry references in support of your content. Task 3. Report – The Body Shop 1500 words. This is an individual piece of work. (Note: this contributes to 33% of the weightage to the portfolio) Instructions: Analyse the strengths and weaknesses of the Human Resources (HR) and Financial management strategies within The Body Shop. Which of these do you feel contributes most significantly to the business success? To complete this task you will need to include the following in your report:Introduction 2 Information on the Human Resources (HR) strategies of the organisation. Consider their recruitment strategy, training and development reward. You will need to identify evidence to support this section. Information on the Financial management strategies of the organisation. Review their Profit & Loss and Balance sheet and analyse their strategies through research. Evaluation/Conclusion – which of these strategies do you believe contributes most significantly to their success? Assignment parameters – Harvard referencing, writing style, word count, layout etc. Referencing and research requirements Please reference your work according to the Harvard referencing style as defined in Cite Them Right Online (http://www.citethemrightonline.com). This information is also available in book form: Pears, R. and Shields, G. (2016) Cite them right: the essential reference guide. 10th edn. Basingstoke: Palgrave Macmillan. Copies are available via the university library. How your work will be assessed Your work will be assessed on the extent to which it demonstrates your achievement of the stated learning outcomes for this assignment (see above) and against other key criteria, as defined in the University’s institutional grading descriptors. If it is appropriate to the format of your assignment and your subject area, a proportion of your marks will also depend upon your use of academic referencing conventions. This assignment will be marked according to the grading descriptors for Foundation Level. Submission details This assignment should be submitted electronically. Please use the relevant Turnitin submission point in the Upload My Assignment area on LSST Connect. Please ensure that your work has been saved in an appropriate file format. Turnitin will only accept the following file types: Microsoft Word, PDF. Your file must also contain at least 20 words of text, consist of fewer than 400 pages and be less than 40MB in size. You can submit your work as many times as you like before the submission date. If you do submit your work more than once, your earlier submission will be replaced by the most recent version. Once you have submitted your work, you will receive a digital receipt as proof of submission, which will be sent to your LSST e-mail address. Please keep this receipt for future reference, along with the original electronic copy of your assignment. You are reminded of the University’s regulations on academic misconduct, which can be viewed on the University website: https://bucks.ac.uk/__data/assets/pdf_file/0024/9546/Academic-Misconduct-Policy.pdf. In submitting your assignment, you are acknowledging that you have read and understood these regulations. 3 Submission date and time This assignment should be submitted before 14:00 UK time date specified above. Work that is submitted up to 10 working days beyond the submission date will be accepted as a late submission. Late submissions will be marked, and the actual mark recorded but will be capped at the pass mark (typically 40%), provided that the work is of a passing standard. Work submitted after this period will not be marked and will be treated as a non-submission. Feedback and marks for this assignment will be available 3 weeks after submission deadline. Academic integrity Academic integrity means taking responsibility for your own work. When you submit an assignment, you are effectively making a declaration that it is your own work and that you have acknowledged the contribution of others and their ideas in its development (for example, by referencing them appropriately). For further information and guidance, please see the University website: https://www.bucks.ac.uk/currentstudents/registry-helpdesk-and-academic-advice/academic-integrity-and-misconduct You are also expected to take responsibility for maintaining and managing confidentiality issues in your work. You should maintain and respect confidentiality in relation to the protection of personal, technical and/or commercial information of a sensitive nature in their assessed work, whatever the format. Confidentiality issues will vary from subject to subject and you are encouraged to seek advice from your course team if you are unclear about requirements in your context. For further information and guidance, please see the University website: https://www.bucks.ac.uk/academic-confidentiality Please note: the Marking Scheme below is currently under review. The final version will be provided shortly. 4 Assessment Criteria 0-34 (F) – Fail Not successful Academic Year 2023-24 35-39 E – Marginal fail Below required standard 40-49 (D) Pass Satisfactory 50-59 (C) Pass Good 60-69 (B) Pass Very Good 70-79 (A) Pass Excellent 80-100 (A+) Pass Outstanding Knowledge and understanding There is insufficient or no This should include evidence of reading of given evidence of: sources. Discusses knowledge of business terms Introduction, Appendix Reports external ‘theory’ sources, company info Meaningful use of readings, resources and research There is limited evidence of reading of given sources and/or reading largely lacks relevance. Wider reading is relevant using given sources but only partially integrated into the work. Wider reading is relevant using given sources and has clearly enhanced the work. Wider reading shows a range of relevant given sources being used and applied. Application of a wide range of given reading is largely evident in the work. Application of a wide range of given reading and beyond is fully evident throughout the work Analysis and criticality A limited ability to use ideas and information to devise and sustain arguments A sufficient ability to use ideas and information to devise and sustain arguments A consistent and confident ability to use ideas and information to A highly proficient ability to use ideas and information to devise and sustain arguments A highly accomplished ability to use ideas and information to An exceptional ability to use ideas and information to devise and An insufficient or no ability to use This should include ideas and information to evidence of: 5 Assessment Criteria 0-34 (F) – Fail Not successful Logic and argument Clear explanations Use models of analysis to form and sustain points (ie SWOT, PEST etc.) Transferable skills (written communication) 35-39 E – Marginal fail Below required standard 40-49 (D) Pass Satisfactory devise and sustain arguments Insufficient or no ability to use digital literacy and This should include written communication evidence of: skills, applicable to Accurate academic and spelling, professional punctuation contexts and grammar Language use appropriate to purpose and context 6 Academic Year 2023-24 50-59 (C) Pass Good 60-69 (B) Pass Very Good devise and sustain arguments A limited ability to use digital literacy and written communication skills, applicable to academic and professional contexts A sufficient ability to use digital literacy and written communication skills, applicable to academic and professional contexts A consistent and confident ability to use digital literacy and written communication skills, applicable to academic and professional contexts A highly proficient ability to use digital literacy and written communication skills, applicable to academic and professional contexts 70-79 (A) Pass Excellent 80-100 (A+) Pass Outstanding devise and sustain arguments sustain arguments Work demonstrates a highly accomplished ability to use digital literacy and written communication skills, applicable to academic and professional contexts Work demonstrates an exceptional ability to use digital literacy and written communication skills, applicable to academic and professional contexts Assessment Criteria 0-34 (F) – Fail Not successful Academic Year 2023-24 35-39 E – Marginal fail Below required standard 40-49 (D) Pass Satisfactory 50-59 (C) Pass Good 60-69 (B) Pass Very Good 70-79 (A) Pass Excellent 80-100 (A+) Pass Outstanding There is a consistent and confident ability to: -present cohesively to meet obligations to others in a team effort -contribute and manage their learning and work under direction or supervision There is a highly proficient ability to: -present cohesively to meet obligations to others in a team effort -contribute and manage their learning and work under direction or supervision There is a highly accomplished ability to: -present cohesively to meet obligations to others in a team effort -contribute and manage their learning and work under direction or supervision There is a sufficient ability to: -present cohesively to meet obligations to others in a team effort -contribute and manage their learning and work under direction or supervision There is an exceptional ability to: -present cohesively to meet obligations to others in a team effort -contribute and manage their learning and work under direction or supervision -use Initiative to take responsibility for initiating and completing tasks and procedures for presentation -use Initiative to take responsibility for initiating and completing tasks and procedures for presentation -use Initiative to take responsibility for initiating and completing tasks and procedures for presentation -use Initiative to take responsibility for initiating and completing tasks and procedures for presentation Appropriate structure for the format Referencing Transferable skills (for presentations only) There is insufficient or no evidence of an This should include ability to: -present evidence of: Teamwork and cohesively to meet obligations to presentation others in a team skills effort Structures - contribute and presentation manage their Structures learning and work slide/time under direction or usage supervision Uses appropriate -use Initiative to language style take responsibility and mechanics for initiating and Cites sources completing tasks in some form and procedures for presentation 7 There is a limited ability to -present cohesively to meet obligations to others in a team effort -contribute and manage their learning and work under direction or supervision -use Initiative to take responsibility for initiating and completing tasks and procedures for presentation -use Initiative to take responsibility for initiating and completing tasks and procedures for presentation Assessment Criteria 0-34 (F) – Fail Not successful 8 Academic Year 2023-24 35-39 E – Marginal fail Below required standard 40-49 (D) Pass Satisfactory 50-59 (C) Pass Good 60-69 (B) Pass Very Good 70-79 (A) Pass Excellent 80-100 (A+) Pass Outstanding