Writeup Assingnment

 Business context – writeup assignment 

 

What is included in digital waste (100 words) 

 

Digital waste is the waste created from discarded electronic products or components. Digital waste is the biggest form of waste today with over 50 million tons of it being created globally each year. It can include peripherals such as keyboards and mice, computer hardware such as hard drives and CPUs, electronic products such as phones or tablets, and household electrical appliances such as washing machines and dishwashers. Improper disposal of digital waste can lead to lots of problems including security risks, pollution and the waste of precious material that could be recycled. Most digital waste ends up in landfill which poses no advantage to anyone. 

 

What is a carbon footprint (100 words) 

 

A carbon footprint is the total amount of carbon dioxide emitted from an individual, product, company, or activity. Carbon dioxide (CO2) is a greenhouse gas which means it contributes to the greenhouse effect. This is where solar radiation penetrates the atmosphere and bounces off the Earth’s surface. However, when it tries to exit the Earth’s atmosphere it gets stopped by greenhouse gases therefore, causing the planet to heat up. Businesses will look at their carbon footprint to reduce it and make their company more environmentally friendly. They can do this through using renewable energy sources, reducing transportation and using more energy efficient practices. 

 

Describe how the removal of EU law from UK law is a driving change for businesses (200 words) 

 
The removal of EU law from UK law, because of Brexit, has had significant implications for businesses in the United Kingdom. One of the most notable changes is the end of the supremacy of EU regulations, which has given the UK more autonomy in shaping its own laws and regulations. This shift has both positive and negative impacts: 

• Regulatory Autonomy - UK businesses now have more control over the regulatory environment, as they are no longer bound by EU rules. This enables the government to tailor regulations to better suit domestic industries and economic needs. 

• Trade Complexity - The UK's departure from the EU's single market and customs union has introduced complexities in trade. Businesses now face additional paperwork and customs checks when trading with EU member states, affecting supply chains and increasing costs. 

• New Trade Agreements - The UK has sought to establish its own trade agreements with countries worldwide. While this offers new opportunities for businesses, it also necessitates adapting to different trade rules and standards in various regions. 

• Labor Mobility - Changes in immigration policies have implications for labour mobility, particularly for businesses that rely on overseas talent. New visa requirements and restrictions may affect recruitment and workforce planning. 

• Product Standards - UK businesses must now comply with new product standards and certifications, as the CE mark is no longer recognised. This affects manufacturing, export, and import of goods. 

• Data Protection - The UK has established its own data protection framework, affecting how businesses handle and transfer personal data. Companies must adapt their data processing practices to remain compliant. 

In summary, the removal of EU law from UK law has led to a more autonomous regulatory environment but also introduced complexities in trade, changes in labour mobility, and the need for businesses to adapt to new standards and regulations. Successful adaptation and understanding of the evolving legal landscape are essential for businesses to thrive in this post-Brexit era. 

 

 

Identify 3 internal factors that can drive change in the business environment (200 words) 

 

Internal factors that can drive change in the business environment are often within the control of the organisation itself. These factors can significantly impact a company's strategies, operations, and overall performance. Here are three key internal factors that drive change: 

• Leadership and Management - Changes in leadership and management styles, as well as the appointment of new leaders, can have a profound impact on an organisation. A visionary and innovative CEO, for example, may drive changes in the company's strategic direction, culture, and priorities. Leadership changes can lead to shifts in corporate values, goals, and decision-making processes, affecting how the business operates and competes in the market. 

• Organisational Culture - The culture within a company plays a vital role in driving change. A shift in organisational culture, driven by factors such as employee attitudes, values, and behaviours, can influence how the business operates and adapts to evolving market conditions. Companies that promote a culture of innovation and adaptability are more likely to embrace change and stay competitive. 

• Technology and Innovation - Technological advancements and innovations can drive internal changes in businesses. The adoption of new technologies, such as automation, artificial intelligence, and data analytics, can streamline processes, enhance productivity, and create new business models. Companies that invest in research and development to stay at the forefront of their industries are often better positioned to drive internal change and remain competitive in the long term. 

These internal factors are interconnected, as strong leadership can foster an innovative culture that, in turn, encourages the adoption of new technologies and processes. Businesses that recognise the importance of these internal drivers and proactively manage them can more effectively navigate changes and remain agile in response to evolving business environments. 

 

Explain the term TNA (100 words) 

 
TNA stands for Training Needs Analysis. It is a systematic process used in human resource management to identify and assess the training requirements of employees within an organization. TNA involves evaluating the existing skills, knowledge, and competencies of staff, as well as identifying gaps between their current capabilities and the skills necessary to meet organizational goals. This analysis helps companies tailor their training programs to address specific needs, thereby enhancing employee performance and productivity. TNA is a vital tool for optimising workforce development and ensuring that training resources are allocated effectively to bridge skill gaps and align employee capabilities with the evolving needs of the business. 

 

List and explain some social factors that drive change in the business environment (200 words) 

 
Social factors play a crucial role in driving change in the business environment. Here are several key social factors and their explanations: 

• Demographics - Changes in the population's age, gender, ethnicity, and other demographic factors can significantly impact business. For instance, an aging population may drive demand for healthcare and retirement services, while shifting gender roles can influence consumer preferences and workforce dynamics. 

• Cultural Shifts - Changes in societal values, norms, and cultural trends influence consumer behaviour and expectations. Companies need to adapt their products and messaging to align with evolving cultural preferences and values to remain relevant. 

• Social Movements - Social movements and activism can shape business practices. For example, movements related to environmental sustainability, social justice, and ethical sourcing have pushed companies to adopt more responsible and socially conscious policies. 

• Consumer Behaviour - Changing consumer behaviours, such as the shift to online shopping or preferences for sustainable products, have a direct impact on business strategies and operations. Understanding and responding to these changes is critical for success. 

• Lifestyle Changes - Shifts in how people live, work, and spend their leisure time can drive changes in the types of products and services that are in demand. For instance, remote work trends have influenced the need for technology solutions and flexible workspaces. 

• Health and Wellness Trends - Increasing health awareness has driven a demand for healthier products, services, and wellness-related industries, impacting the food, fitness, and healthcare sectors. 

• Digital Transformation - The rapid adoption of technology and social media has transformed the way businesses interact with customers and market their products. Companies must embrace digital strategies to stay competitive. 

• Education and Skills - Changes in the education system and the development of new skills impact workforce availability and capabilities. Businesses need to adapt their talent strategies accordingly. 

• Urbanization - The ongoing migration to urban areas affects the demand for housing, transportation, and various urban services, presenting opportunities and challenges for businesses in these sectors. 

• Generational Differences - Each generation has unique values and expectations. Understanding the preferences of different generations, such as Baby Boomers, Millennials, and Gen Z, is crucial for businesses targeting diverse customer segments. 

These social factors are interconnected and continually evolving. Successful businesses proactively monitor and adapt to these changes, staying attuned to the needs and desires of their target audiences while also contributing positively to broader societal goals and values.