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

1 of 2
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.

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Business Environment Assignment 1 QCF Sept 2012

Date:

1


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 1 QCF Sept 2012

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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

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NAME : ..............................................................................
FOR INTERNAL USE ONLY
VERIFIED
YES
NO
DATE

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VERIFIED BY : ...........................................................................
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Business Environment Assignment 1 QCF Sept 2012

3


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 1
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 2


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 1 QCF Sept 2012

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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 3 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.

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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- 3
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: ;
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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.

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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
1. 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.
2. Ensure that authenticity declaration has been signed.
3. This is an individual assignment.
4. Content sheet with a list of all headings and page numbers.
5. A fully typed up professionally presented report document. Use 12 point Arial
or Times New Roman script.
6. Your assignment should be word-processed and should not exceed 3,500
words in length.
7. Use the Harvard referencing system.
8. Exhibits/appendices are outside this limit.
9. 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.

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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.

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