Legal factors affecting business

 Legal factors affecting business  

  

Student’s Name:   CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA

  

NUA:   116189

  

INSTRUCTIONS: After reading the introductory paragraph below, write a definition of each of the aspect mentioned. You can consult different sources, just remember to cite/reference them correctly. Avoid copy-paste and plagiarism by writing your own sentences or paraphrasing.  

 

When business companies operate, they expect to face different internal and external 

factors that can affect their organizational operativity. Among all these factors, legal ones might greatly influence business organizations and affect how a different companies operate. There are several legal factors that affect businesses in many forms, including laws and regulations on taxation, employment, contract, securities, immigration and many more. The law affects the way businesses operate. That is the reason why any business should have a clear understanding and knowledge of the legal environment in which business organizations have function because these factors may determine its success or failure. 

 

DEFINE IN DETAIL.   

  

What is Organizational Law?  

  Is in charge of guiding the activities inside and outside the organizations. Business activity is diverse and is a fundamental engine in the economies of countries and the world.

What does Employment Law refer to?  

  It is the set of rules that regulate the relationship between employers and workers. This set of laws addresses fundamental aspects of the employment relationship.  

  

How are Consumer laws defined?  

  Consumer laws protect consumers against defective goods or services. They also protect consumers from unfair business practices and misleading or false advertising. Consumer protection laws alert consumers to fraud and scams in certain industries. They also offer protection and compensation to consumers who are victims of these scams.

What is Securities Law?  

  The Securities Act of 1933 states that most securities offerings must be made through a registration process. Disclosures include publicly available information and prospectuses that are distributed to investors who wish to purchase the security.

What does Health and Safety at the Workplace refer to?  

  It is the discipline that deals with the prevention of injuries and illnesses caused by working conditions, and with the protection and promotion of workers' health.

What is Taxation?   

It is the set of taxes, fees and contributions that the tax legislation requires of them as a result of their economic activity.

 

 

 F. (2020, 3 febrero). What is Business Organization Law? Findlaw. https://www.findlaw.com/hirealawyer/choosing-the-right-lawyer/business-organization.html

 

 Activity adapted by Antonio Maldo

24 basic accounting

NAME CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA

NUA 116189

Answer these Questions in complete sentences

 

Why do you think accounting is seen as boring? Explain.

 

 Because we do not realize how varied the accounting world is, which has many areas, besides that it is a very important area in any organization.

 

 

 

 

Which of the jobs mentioned would be most interesting for you? Give your reasons.

 The most interesting for me is the payroll area, since I am currently working in that department. I consider it to be very interesting because personally I like to calculate the payroll, withdraw taxes, declare taxes to the SAT, accounting reconciliations

 

Why is it so important for accountants to be ethical? Explain in detail.  

It is very important that they are ethical people, because in us accountants trust and transparency are deposited, in addition, reliability about the financial information of the organization is sought

INTEGRATED BUSINESS PLANNING (IBP)

 

INTEGRATED BUSINESS PLANNING (IBP)                 

 

Student’s Name: CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA

 

 

NUA: 116189

 

 

Answer the following study guide questions.

What is “Integrated Business Planning” (IBP)?

 

It consists of synchronizing the commercial, financial and supply chain plans in a single comprehensive administrative process, considered best practice.

 

What is “Sales and Operations Planning” (S&OP)?

 

Is a monthly process that begins with sales forecasts and ends with quantified production plans, the results are related to the objectives of all areas.

 

 

What are the similarities between IBP and S&OP? Mention and describe them.

 

Organizations that use IBP / S & OP as their primary management process achieve significantly better results such as:.

Improvement in communication, creating an institutional channel through the person responsible for coordinating the process.

Better decision-making processes. The decision process is done with better information with less effort and in less time.

Better control - By having a dashboard that goes through the operational areas and includes the business results measurements.

Better coordination, the management of unique information and a formal communication channel positively impact the coordination of the company

 

 

What are the differences between IBP and S&OP? Mention and describe them.

 

The IBP begins with the financial forecast of the organization. As a tool to move the organization forward, it is completely different from S&OP, which originates in the supply chain and its main objective is to adjust production and sales.

 

 

How does the IBP process work? Describe in detail.

 

The IBP process considers a time horizon that ranges between 18 and 24 months, since it brings together strategic aspects of the business and includes the following steps:

 

Product management review: It focuses on the review of the life cycles of the products and the market strategy around each one of them and also includes their profitability.

Demand review: Your objective is to develop an unrestricted demand plan that incorporates financial elements such as the cost of serving different customers and channels.

Supply Review: Focuses on developing long-term capacity plans and short-term production requirements, as well as production and distribution costs.

Integrated reconciliation: Evaluates the scenarios proposed, as well as the financial impact of the agreements reached between the areas of marketing, sales and operations. A final agreement is also reached regarding the supply chain plan.

Business Review: This meeting seeks to present to the top management of the organization (general management level) the agreed plan and its financial effects on the business plan of the company.

What are the challenges of IBP?

 

Take Advantage of Supply Chain Collaboration

-Integrate business partners into the business plan

-Monitor, measure and modify supply chain activities continuously

Which are the most common difficulties/problems when implementing IBP? Mention them and provide examples.

 

Organizations do not have a defined direction, so they do not know where to go.

Clear parameters are lacking at the level of objectives and profitability to be achieved.

Being insufficiently developed, the strategy cannot be effectively communicated to all professionals in the company.

 

What are the advantages and disadvantages of IBP?

Advantages

Proactive and non-reactive organizations

- Establish a sense of direction

- Increased operational efficiency

-Increase market share and profitability

 

Disadvantages

-Application difficulties

-Time-consuming process

-High cost for small and medium businesses

 

What is the importance of IBP nowadays?

The main benefit of the IBP is centered in the integral vision of the business that is financially validated throughout the entire planning cycle. Such actions bring a set of advantages during their application:

 

Direction sense: Promotes a business review process with a horizon of 18 to 24 months that allows anticipation and integration into a single realistic plan, which includes both the strategic, tactical and operational vision.

Coordination: Requires the publication of a comprehensive plan that adapts to changes in the business to allow continuous improvement.

 

 

Logic, R. (2018). What’s the Difference between S&OP and IBP? Riverlogic. https://www.riverlogic.com/blog/whats-the-difference-between-sop-and-ibp

 

I. (2021b, octubre 31). What is integrated business planning (IBP)? Inchainge. https://inchainge.com/knowledge/alignment/ibp/

 

20 Business communication and Technology

 

NAME CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA
NUA 116189

INFORMATION TECHNOLOGY & COMMUNICATION

After watching the video, answer the following questions.

What is Managing information withing and outside the organization?

For a manager, he must know the information systems, know how to use special software for database management, this with the aim of improving processes and making the organizational part of the company more efficient, In addition, it can detect errors or prevent risks in administrative processes

 

 

What is the importance of it?

Detects errors, compares data, saves time, a single person can manage the system and increases confidence

 

 

What are the new technologies that companies have to manage for communications

purposes?

Email, this to carry out an organization and a good management of information.
Internet, this tool is fundamental for the search for information and implementation of new ideas for the Company
Use of video, electronic calls, company meeting via web, calendar

 

 

Describe the role of technological discoveries throughout history.

start with the printing press, then the radio, the cinema, telephone, computer, cell phone, internet, before they were large computers with little memory capacity, now the computer is small and very fast

 

 

What is the importance of technologies in the globalized business world?

That information systems are updated every day, today competition increases and has to be renewed and trained for new systems and Updates

 

 

 

Describe the use of the technologies in the communication field.

in a single application you can share all the necessary information, communicate with clients, talk, meet, organize events and an excellent organization

 

 

What are the Do’s and Don’ts of Electronic Communication?

use it responsibly, check inbox, reply to all emails, organize, manage emails, review and send information

Spam, poorly compose an email, do not check the inbox daily, do not answer emails, send confidential information

 

 

How have the Information & communication technologies changed the structure of

business organizations?

Generate information and send it quickly
how to organize information
video conferencing for meetings
The fluids of the dat are faster
gathers a large number of people in a virtual group
now everything is handled via mail
processes are more efficient

 

 

What are the legal and Ethical implications of the use of technologies? Explain the in

detail.

The information that is handled must be very careful, this can compromise the areas, people or customers, it is the responsibility of the person who handles give it a good use, take care of confidential information that may legally affect the company

Marketing collocations

 

CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA    

NUA 116189

Complete the questions below with the above phrases.

 

1.        Who is your Target market                        ?

2.        How does your product or service satisfy the needs of your Potential customers             ?

3.        Which company has the biggest  Market share                         in your industry?

4.        How long do you usually run an  Advertising campaign        for?

5.        Is there Tough competition               in your industry? How do you stand out?

6.        What methods do you use to raise Brand awareness                  ?

MARKETING

 

 

 

NAME: CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA

NUA 116189

Task 1 Marketing

 

What is the definition of Marketing?

 

From a commercial point of view, marketing is a strategy that is used today so that everyone knows your product, service or your brand.

 

What is understood as Market in business?

 

The market is the audience and all the people are in the market, but there are also all the companies that sell a product or service similar to the one that one sells, but this is where marketing plays an important role and that is where it goes to differentiate how good your marketing is compared to that of the competition

 

What is the purpose of Marketing?

Marketing plays an important role because it helps the market to know you, to know what products or services you offer and what product or service you have that the competition does not have.

Because if there is no marketing, people will not know your company, so it will be very difficult to sell the product or service you offer.

 

Why is Marketing important?

Marketing is important because you can identify the needs of a specific audience in order to provide products or services to satisfy them in the most appropriate way.

Marketing is important wherever the customer goes

What are the different types of Marketing? Define them in detail.

Digital marketing: it is the use of the Internet and social networks with the aim of improving the commercialization of a product or service. Traditional marketing: TV spots, radio spots, print magazines

What are the aspects a marketer needs to consider nowadays?

 

Stay updated

Stand out from the growing competition

Creativity and flexibility

 

What are the differences between Marketing in the past and Marketing in the 21^st century?

The evolution of social communication media, the prominence of the Internet and the segmentation of markets makes mass advertising more popular.

Every day we are bombarded by advertisements on the street, public transport, social networks

15 Quality Management

 

NAME CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA

NUA 116189

 

Task 1 Quality Management

If your look for information on internet, do not copy and paste answers. Express the ideas in your own words or paraphrasing instead of copying. Remember to write complete sentences not isolated words or phrases.

What is Quality Management?

Quality management is today a strategy to promote competitiveness among companies that allows, from one perspective, to observe the organization as a set of interrelated processes whose ultimate goal is, among others, to achieve customer satisfaction.

It also serves to achieve competitive advantages, efficiency and productivity through the continuous improvement cycle.

 

What is the objective of Quality Management?

Increase the ability to provide regular products and services that meet customer and applicable legal and regulatory requirements.

 

Continuous improvement All quality objectives must represent an advance in the Quality Policy of the company. In fact, they should promote the concept of continuous improvement in the different phases of product development or design. The equation is simple: better processes produce better results.

 

 Identify, measure, control and improve the various core business processes that will ultimately lead to better business performance.

Which are the key components of Quality management? Describe in detail each one.

LEADERSHIP:

To lead it is important to be clear about the path we are taking and where we want to go.

PLANNING:

Having a clear vision, communicating it and working as a team is a great step

SUPPORT AND OPERATION:

This element refers to the way in which the organization decides to face the daily challenges of producing the services or products for its clients.

PERFORMANCE EVALUATION: Observe and clearly understand what we are doing very well and can continue to strengthen, because it serves our client and it serves us as a company

 

Describe what Quality Management involves. (process)

The Process management allows regular inquiries about the quality perceived by the customer and the possibilities of improving the service they receive.

Today, the challenge is focused on innovation and meeting customer needs

What does “Quality Improvement Methods” refer to? Explain in detail.

It refers to a preventive method whose systematic use allows identifying and investigating the causes and effects of possible failures and weaknesses in the product or process, as well as formulating the pertinent corrective actions to minimize said effects.

What are the Quality Management principle that the International Standard for Quality Management adopt? Write a description of each.

Customer focus: Customers are the key elements of an organization, if there is no customer to purchase their products or services, the organization does not exist.

Leadership: Leaders have the responsibility of fostering an internal environment that invites workers to become fully involved in the achievement of the organization's objectives.

Participation of the personnel: The commitment that the personnel acquires makes it possible for their skills to be used to achieve the benefit of the organization.

Process-based approach:

The process management of activities and resources enables the expected results to be achieved more effectively.

Systems approach to management:

If we consider the interrelated processes as a system, we will be helping to increase the effectiveness and efficiency of the organization in achieving its objectives.

Continuous improvement: Continuous improvement must be considered as a permanent objective of the organization.

Fact-based approach to decision-making: The most effective decisions are grounded in data and information analysis

What are the benefits of Quality Management?

 

Satisfy the client: the main purpose of the implementation of a Quality Management System is to be able to meet all the expectations established by the client.

Obtaining new customers: compliance with the standards that a Quality Management System determines, offers security from potential customers. The acquisition of new clients is due to the good image that the fact that an organization offers quality goods and services projects and this happens by adopting a Quality Management System that endorses the procedures carried out as the result of the production process.

.Improves the organization's processes: the processes that are carried out in the productive activity follow standards that ensure that the standards that make it an optimized process are being met.

Differentiation from the competition:. The fact of having a certified Quality Management System projects a very positive image on potential customers that makes the organization prevail over others.

Cost reduction without affecting quality: it is necessary to improve the quality of a product or service without affecting its quality. It is about optimizing the process and eliminating unnecessary costs of time or resources.

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ISOUpdate.com. (2019, 28 agosto). What is the Purpose of a QMS? ISO Update. https://isoupdate.com/resources/purpose-of-a-qms/

 

What is ISO 9001:2015 and Why is it Important? (2021, 24 julio). 2019–02-01 | Quality Magazine. https://www.qualitymag.com/articles/95235-what-is-iso-90012015-and-why-is-it-important