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Business Environment & Operations Week 1 W/C 30/9/2013

Business Environment & Operations Week 1 W/C 30/9/2013. Fiona McEwen 01612473761 f.mcewen@mmu.ac.uk. Elective…. Facts & Figures. ‘Despite the ongoing economic turbulence in the British economy, CIMA’s members and students are in demand’ (Tilley,2012- CEO CIMA)

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Business Environment & Operations Week 1 W/C 30/9/2013

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  1. Business Environment & Operations Week 1 W/C 30/9/2013 Fiona McEwen 01612473761 f.mcewen@mmu.ac.uk

  2. Elective….

  3. Facts & Figures • ‘Despite the ongoing economic turbulence in the British economy, CIMA’s members and students are in demand’ (Tilley,2012- CEO CIMA) In 2012, qualified CIMA members in the UK are earning on average £53,309 in basic salary plus £5,125 in bonus payments, totalling £58,434 per annum. Part qualified students in the UK are earning on average £31,432 in basic salary plus £1,512 in bonus payments, totalling £32,944. ……This compares with a current average national UK salary figure of £28,236.1

  4. Business Environment & Operations • Uses ‘The Accountant in Management’ as a platform • Application of theory learnt • Gains CIMA E2 Exemption • Assessment 40% Project • Exam 60% 3 hour written paper

  5. Lesson structures • 2 hour lecture/seminar & discussion • 1 hour tutorial / group meetings • Lecture – building on prior learning • Tutorials – working on assessment sept-dec • Tutorials – exam practice questions Jan – apr • Assessment group project hand in w/c 16th Dec

  6. BEO Content • Project Management – Discuss tools and techniques of project management and evaluate the relationship of the project manager to the external environment • Links with ‘live’ project assessment • Salford city council ‘wuu2’

  7. BEO Content • environments and key external characteristics of these environments….Pest, 5 forces • Critically discusses developments in strategic management…leadership

  8. BEO Content • Discusses concepts associated with the effectiveoperation of an organisation and the activities associated with management people and their associated techniques • Management controls…groups, teams

  9. Term 1 • Project Management • Building on prior project management knowledge • Applying skills to ‘real’ project –’wuu2’ • Working on group assignment • Tutorials form group meetings • Assessment deadline – presentations w/c 16th Dec

  10. Term 2 • Strategic Management & assessing the Competitive environment • Including strategic options, theories, tools Porter, Mintzberg, PEST, stakeholders • International strategies, emerging strategies and the global business environment • Ethical strategies • Management, Leadership & Relationships in the working environment • Including Management styles, culture, organisation structures. Management controls • Communication & negotiation skills

  11. True or False?.... • Fedex keeps empty planes in the sky? • The prefix ‘giga’ means a million? • In Japan you are allowed to fall asleep on the job….it shows you are working hard?

  12. True or False?.... • Neil Armstrong, the first man on the moon, started his career as an auditor? • John Grisham, famous author, has a degree in accounting? • Bubble gum was invented by an accountant in 1928 • JK Rowling is a fully qualified CIMA Accountant?

  13. Underpinning Definitions • Business refers to any type of economic activity in which goods or services are supplied in exchange for some payment, usually money • International business refers to business activities that straddle two or more countries • Businesses are created by people • Not for profit organisations exist for the purpose of promoting good causes, rather than making profit • Market a location where exchange transactions take place either with formal standing or informality • Emerging economies fast growing developing countries

  14. BBC News

  15. Activity • ‘The rise of the social web sees Facebook soar in popularity’ (Morrison,2011) • The founding father of the internet, Tim Berners-Lee, has said, ‘the web does not just connect machines, it connects people’ (Berners-Lee,2008)

  16. Facebook users worldwide

  17. Activity • Why has facebook grown so rapidly and become an international force so quickly? • What are the risks to the continued success of Facebook? • What are the impacts of social networking for business?

  18. Assessment brief

  19. To Do… • Books from library • Read material on moodle • Prepare for Fridays tutorial

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