This 5-session lesson plan is designed to teach students about the external influences on business activity, with each session lasting 45 minutes. The lessons focus on key areas such as political and legal influences, the impact of technology, social and demographic changes, and environmental sustainability.
Lesson 1: Introduction to External Influences – Students explore how political and legal factors (e.g., privatization and nationalization) affect business decisions through case studies and discussions.
Lesson 2: Legal Constraints on Business – This session covers employment laws, consumer protection, and competition laws, emphasizing their impact on business operations.
Lesson 3: Technological Influences – Students learn how technology creates both opportunities and threats for businesses, including the role of automation and data-driven decision-making.
Lesson 4: Social and Demographic Influences – Focuses on how demographic changes (e.g., ageing populations, increased female workforce) affect business strategies.
Lesson 5: Environmental Influences and Sustainability – The final session examines how businesses address environmental concerns and the importance of sustainability through environmental audits and green practices.
Each lesson combines teaching, discussions, and interactive activities to engage students and reinforce key concepts.
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