Organizations in Their Environment

BANKING ACADEMY, HANOI BTEC HND IN BUSINESS (FINANCE) ASSIGNMENT COVER SHEET NAME OF STUDENT REGISTRATION NO UNIT TITLE ASSIGNMENT TITLE ASSIGNMENT NO NAME OF ASSESSOR SUBMISSION DEADLINE of November 2012 I, hereby confirm that this assignment is my own work and not copied or plagiarized from any source I have referenced the sources from which information is obtained by me for this assignment Signature _ Date -FOR OFFICIAL USE (Course Administrator) Assignment Received By: Business Environment Assignment QCF Sept 2012 Date: Unit Outcomes Outcome Evidence for the criteria Feedback Assessor’s decision First attempt Understand the organizational purposes of business LO1 Understand the nature of the national environment in which businesses operates Identify the purposes of different types of organization 1.1 Describe the extent to which an organization meets the objectives of different stakeholders 1.2 Explain the responsibilities of an organization and strategies employed to meet them 2.1 Explain how economic systems attempt to allocate resources effectively 2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization 2.4 Internal Verification Rework LO2 Merit grades awarded M1 M2 M3 Distinction grades awarded D1 D2 D3 Business Environment Assignment QCF Sept 2012 Outcome Evidence for the criteria Feedback Assessor’s decision First attempt Internal Verification Rework Assignment ( ) Well-structured; Reference is done properly / is not done properly /should be done (if any) Overall, you’ve passed / referral………outcomes Areas for improvement:  To achieve a pass, you must meet all the requirements defined in the assessment criteria  To achieve a merit, you must identify and apply strategies to find appropriate solutions and appropriate methods/techniques as well as to present and communicate appropriate findings  To achieve a distinction, you must use critical reflection to evaluate own work and justify valid conclusions as well as to take responsibility for managing and organizing activities  ASSESSOR SIGNATURE DATE / 11 / 2012 NAME: (Oral feedback was also provided) STUDENT SIGNATURE DATE / / NAME : FOR INTERNAL USE ONLY VERIFIED YES NO DATE : VERIFIED BY : NAME : Business Environment Assignment QCF Sept 2012 SCENARIO BRITISH PETROLEUM, UK – PUBLIC LIMITED COMPANY As part of privatization of public utilities/companies, this company was created originally by government and later as a privately owned Public Limited Company (PLC) Its role was to provide the infrastructure for the society Given the massive pressures on the system, there is both commercial and political pressure to create a profitable and efficient public utilities system However, there have been substantial criticisms of the public utilities post-privatization You have been provided with information indicating some of the issues around the function of the company Using these and other sources which you may be able to obtain, analyze PLC in the following areas: Task You are to provide a write-up in tabular form to be use as ‘Induction Presentations’ as well as this coming discussion on the following matter:  You are required to identify the legal structure and type of the organization and state the purposes such as mission, values, aims, profits, market share, goals, objectives of selected organization (1.1)  Describe the extent to which selected organization achieves the objectives of stakeholders Identify the stakeholders, conflict of expectations and satisfaction the stakeholders objectives (1.2)  Explain the legal responsibilities of the selected organization and strategies employed to meet objectives of stakeholders (1.3) Task  Explain how economic systems in your country (Viet Nam) attempt to allocate and make effective use of resources available within the country (2.1)  Assess the impact of fiscal policy, monetary policy economy on selected organization and stakeholders in your country (2.2)  Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization (2.3) All supplementary information besides the provided materials is required to cite the source and quoted in the appendices (Refer in the next page - Company Profile) Business Environment Assignment QCF Sept 2012 COMPANY PROFILE BP PLC is a British multinational oil and gas company headquartered in London, United Kingdom It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and is one of the six oil and gas super majors It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading It also has renewable energy activities in biofuels and wind power BP's origins date back to the founding of the Anglo-Persian Oil Company in 1909, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran In 1935, it became the Anglo-Iranian Oil Company and in 1954 British Petroleum In 1959, the company expanded beyond the Middle East to Alaska and in 1965 it was the first company to strike oil in the North Sea British Petroleum acquired majority control of Standard Oil of Ohio in 1978 Formerly majority stateowned, the British government privatised the company in stages between 1979 and 1987 British Petroleum merged with Amoco in 1998 and acquired ARCO and Burmah Castrol in 2000 BP has been involved in several major environmental and safety incidents, including the 2010 Deepwater Horizon oil spill, the world’s largest accidental release of oil into marine waters In 1997 it became the first major oil company to publicly acknowledge the need to take steps against climate change BP in Vietnam BP arrived in Vietnam in 1989 with many ideas Over time, it had been able to turn those ideas into reality The business in Vietnam includes the exploration and production of oil and gas, the production and distribution of lubricants, and the supply of crude oil to the first local refinery BP also invested in the growing Vietnamese power industry In the early 1990s, their exploration discovered four major gas fields 320km offshore south of Ho Chi Minh City It resulted in the $1.3 billion Nam Con Son Gas Project This complex operation involved the development of the Lan Tay and Lan Do fields, the laying of a two-phase offshore pipeline (the longest of its kind in the world) and the construction of the 720 MW Phu My Power Plant in Ba Ria Vung Tau province The Nam Con Son Pipeline that BP built, operated, transferred operatorship, and expanded has become a model of sustainable, reliable, and efficient investment project in Vietnam Business Environment Assignment QCF Sept 2012 BP and Castrol are recognised brand names in the lubricants markets here Every year, the business grows faster than the market, with a record performance of 2- times growth in 2008 alone In 2009, BP Integrated Supply and Trading signed a contract with Petro Vietnam to supply crude to Vietnam’s first refinery The contract is for a minimum of 50% of their foreign crude requirement and is for the next five years (with option for extension) BP’s work in Vietnam focuses on the areas of environmental protection, poverty reduction, education and training, enterprise promotion, and access to energy So far, BP has invested more than US$6 million in community projects across Vietnam, with particular focus in Ba Ria Vung Tau Province where the company operates major production projects BP has worked with the UK's Foreign and Commonwealth Office and Leeds University to help with the training for Vietnam's government employees and students, has provided over US$620,000 in sponsoring Vietnamese students to pursue graduate studies in the UK We also initiate and provide financial support to the Marcel Loos Memorial Business Course at Da Nang University The course covers such topics as modern accounting and business skills, both of them key to Vietnam's transition to a market economy For more information about the Company, please visit: http://www.bp.com ; http://www.bp.com/sectiongenericarticle.do?categoryId=497&contentId=2000747 GRADING Pass is achieved by meeting all the requirements defined in the assessment criteria Merit Identify and apply strategies to find appropriate solutions (M1) Characteristics / Possible Evidence – relevant theories and techniques have been applied with various parties in the industry, the organisation, and models Select and apply appropriate techniques (M2) Characteristics / Possible Evidence – a range of methods and techniques have been applied indicating current trends, economic environment and methods used Present and communicate appropriate findings (M3) Characteristics / Possible Evidence – An appropriate structure and approach have been used to prepare a report Present data using a range of methods e.g tables, diagrammatical and graphical forms Business Environment Assignment QCF Sept 2012 Distinction Use critical reflection to evaluate own work and justify valid conclusions (D1) Characteristics / Possible Evidence – Ability to show evaluation has taken place using defined criteria such as development towards corporate objectives and plans, roles and function of agencies and appropriate use of advertising Take responsibility for managing and organising activities (D2) Characteristics / Possible Evidence – Ability to show with evidence the areas of substantial activities / projects or investigations have been planned, managed and organised with respect to competition and a clear explanation of responsibilities and implementation of business and organisational plans Demonstrate convergent, lateral and creative thinking (D3) Characteristics / Possible Evidence – An innovative and creative thought has been used to identify mission, objectives and responsibilities of APL as well as investigate related government and economic policies affects the company PRESENTATION The assignment should have a cover page that includes the assignment title, assignment number, course title, module title, Lecturer/tutor name and student’s name Attach all the pages of assignment brief/cover sheet with your report and leave them blank for official use Ensure that authenticity declaration has been signed This is an individual assignment Content sheet with a list of all headings and page numbers A fully typed up professionally presented report document Use 12 point Arial or Times New Roman script Your assignment should be word-processed and should not exceed 3,500 words in length Use the Harvard referencing system Exhibits/appendices are outside this limit The assignment should not contain a bibliography – but should contain a list of any references used in the assignment 10 You assignment must be submitted as hard copies and in electronic form (CD) for checking Business Environment Assignment QCF Sept 2012 NOTES TO STUDENTS FOR SUBMISSION  Check carefully the submission date and the instructions given with the assignment Late assignments will not be accepted  Ensure that you give yourself enough time to complete the assignment by the due date  Do not leave things such as printing to the last minute – excuses of this nature will not be accepted for failure to hand-in the work on time  You must take responsibility for managing your own time effectively  If you are unable to hand in your assignment on time and have valid reasons such as illness, you may apply (in writing) for an extension  Failure to achieve a PASS grade will results in a REFERRAL grade being given  Take great care that if you use other people’s work or ideas in your assignment, you properly reference them in your text and any bibliography NOTE: If you are caught plagiarizing, you could have your grade reduced to zero, or at worst, you could be excluded from the course Business Environment Assignment QCF Sept 2012 ... vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading... British Petroleum merged with Amoco in 1998 and acquired ARCO and Burmah Castrol in 2000 BP has been involved in several major environmental and safety incidents, including the 2010 Deepwater Horizon... BP also invested in the growing Vietnamese power industry In the early 1990s, their exploration discovered four major gas fields 320km offshore south of Ho Chi Minh City It resulted in the $1.3