BUSINESS UNIT 1 SECTION B

How different organizational structures affect business performance - tescos

• tesco’s uses a functional structure where departments like marketing, finance and HR operate separately

• this structure improves efficiency because each department focuses on its expertise

• due to the decentralized elements there may be inconsistency between stores

Complying with employee protection legislation - John Lewis

• John Lewis ensures equal opportunities in recruitment and promotion

• they provide diversity training and monitor pay gaps

• compliance builds trust and avoids discrimination claims

Sources of finance available to the business - innocent drinks

• innocent drinks uses venture capital funding during its start up phase

• this provided large sums quickly but meant giving up some ownership

• VC investors often provide advice and networking opportunities

Reasons for sharing a business plan with stakeholders - starbucks

• Starbucks share its business plan with investors to secure funding

• Clear plans build confidence and attract investment

• Investors want to see growth strategies and risk management

How businesses have responded to advances in sale technologies - ASOS

• ASOS use AI to recommend products based on customer preferences

• they have invested heavily into mobile apps and online platforms

• this improve customer experience and boosts sales globally