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BUSINESS ENVIRONMENT (Political & legal environment (Legal factors,…
BUSINESS ENVIRONMENT
Political & legal environment
Legal factors
Impact of governments
Influencing governments
Political risk & political change
International trade
The European Union
International trade liberalisation : WTO
Social & demographic trends
Population & labour market
Implications for employers
Family life cycle
Social structures and class
Socio-economic position, income and wealth
Socio-economic status
Buying patterns
Employment protection
Retirement
Resignation
Dismissal
Wrongful dismissal
Unfair dismissal
Disciplinary procedures
Redundancy
Procedure of handling redundancies
Equal opportunities
Health & safety
Importance of maintaining it at work
Employers' duties
Employee duties
Accident and safety policies
Health and safety policy
Cultural trends
Health and diet issues
Impact of health and diet on businesses
Women in work
Environmentalism
The business response
Impact of technology on organisations & accountants
Organisation structure
Span of control
Tall and flat organisations
Organisation structure and information systems
Effects on role of accountants & organisations
Routine processing
Digital information & recordkeeping
Employment issues
Technological change
Customer service
Information markets
Developments in communication
IT and employee/employer relationship
Homeworking and supervision
Outsourcing
Types of outsourcing
Ad hoc
Project management
Partial
Total
Advantages & disadvantages
Environmental factors
Significance of environmental effects
Impact on environmental of economic activities
Impact on organisation of environmental costs
Social impacts of activities
Stakeholder expectations
Reputation risk
CSR & Risk management
Competitive advantage - Porter's five forces model
The threat of new entrants
The threat from substitute products
The bargaining power of customers
The bargaining power of suppliers
The rivalry amongst current competitors in industry
Data protection & security
Data Protection Act 2018
Definitions of terms used
Data protection principles
Rights of data subjects
Consumer protection
Contract
Sale of goods & services
Implied terms
Time of performance
Seller's title
Goods to correspond with contract description
Satisfactory quality
Fitness of goods for disclosed purpose
Converting resources : the value chain
Value activities
The value chain
Competitive analysis
SWOT Analysis
Internal appraisal : S & W
External appraisal : O & T