Robyn Scarlett L4 Creative Enterpise Blog

  Task 7: Regulatory frameworks What is a regulatory body and a regulatory framework? A regulatory body is; “ appointed by the Government to establish national standards for qualifications and to ensure consistent compliance with them.” [1] Regulatory bodies are responsible for the protection of the public. For example, there are regulations that are made and enforced in order to protect the health and safety of those in a specific organisation. Regulatory bodies impose requirements for an organisation and then make sure that the requirements are enforced at a consistent standard. A regulatory framework is; “ a model people can use for reforming and enacting regulations in an effective and logical way.” [2] Regulatory frameworks are adapted to each industry and organisation that they are being applied to.  What is Ofcom, what does it do and what framework does it produce and follow? Ofcom (The Office of Communications) is a regulatory body that oversees the communications indu...

  Task 1; Business analysis tools SWOT and PEST(EL[E]) analyses - what are they and how can they be used? SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is a technique that examines each possible factor in these separate aspects concerning your business venture. SWOT analyses are useful in a way that they are highlighting what is a hazard to your business and what you lack so that you can then eliminate those hazards. The way that one would use a SWOT analysis for their business is to use a SWOT analysis matrix. A SWOT analysis matrix is a 2x2 grid with each aspect of SWOT in their own square. The people involved in the business can then brainstorm for each aspect, and this helps the business to formulate a strategy that will separate them from most other businesses in their area of work. Things that would be considered strengths are what the business is successful at, and what is an outstanding factor about the company. However, this cannot be...