in this powerpoint I cover the following key aspects of GCSE/ IGCSE business studies.
What is training
Why businesses train their employees?
What is Induction training
Different ways of training staff/ employee
I have also prepared some Questions to help students remember the key point of the revision session/ lesson.
Stakeholder objectives and Business growth
complete revision covering:
what is Stakeholders
What is Objectives in business
Different Stakeholder objectives
Conflict between different stakeholder objectives
Business growth and how business size is measured
there is also 7 questions to practice.
The main features of different forms of business organisation:
Sole traders, partnerships, private and public limited companies, franchises and joint ventures
Differences between unincorporated businesses and limited companies
Concepts of risk, ownership and limited liability
Recommend and justify a suitable form of business organisation to owners/management in a given situation
Business organisations in the public sector, e.g. public corporations
In this lesson I cover:
Environmental concerns and ethical issues as both opportunities and constraints for businesses:
How business activity can impact on the environment, e.g. global warming
The concept of externalities: possible external costs and external benefits of business decisions
Sustainable development; how business activity can contribute to this
How and why business might respond to environmental pressures and opportunities:
e.g. pressure groups
The role of legal controls over business activity affecting the environment, e.g. pollution controls
Ethical issues a business might face: conflicts between profits and ethics
How business might react and respond to ethical issues, e.g. child labour
I have included some key terms to remember for the exam.
Question at the end to help remember the main points of the lesson.
In this lesso I cover:
Business cycle:
Main stages of the business cycle, e.g. growth, boom, recession, slump
Impact on businesses of changes in employment levels, inflation and Gross Domestic Product (GDP)
How government control over the economy affects business activity and how businesses may respond:
Identify government economic objectives, e.g. increasing Gross Domestic Product (GDP)
Impact of changes in taxes and government spending
Impact of changes in interest rates
How businesses might respond to these changes
The importance of a well-motivated workforce:
Why people work and what motivation means
The benefits of a well-motivated workforce: labour productivity, reduced absenteeism and labour turnover
Key motivational theories: Taylor, Herzberg and Maslow’s hierarch
Methods of motivation:
Financial rewards, e.g. wage, salary, bonus, commission and profit sharing
Non-financial methods, e.g. job enrichment, job rotation, team working, training, opportunities for promotion
I have also made an activity for students to work on.
In this lesson I cover:
draw, interpret and understand simple organisational charts:
Simple hierarchical structures: span of control, levels of hierarchy, chain of command
Roles and responsibilities of directors, managers, supervisors, other employees in an organisation and inter-relationships between them
The role of management:
Functions of management, e.g. planning, organising, coordinating, commanding and controlling
Importance of delegation; trust versus control
Leadership styles:
Features of the main leadership styles, e.g. autocratic, democratic and laissez-faire
Trade unions:
What a trade union is and the effects of employees being union members
there are also 2 activity students can undertake to help them remember the topics discussed.
In this lesson I cover:
The importance of globalisation:
* The concept of globalisation and the reasons for it
* Opportunities and threats of globalisation for businesses
* Why governments might introduce import tariffs and import quotas
Reasons for the importance and growth of multinational companies (MNCs):
Benefits to a business of becoming a multinational and the impact on its stakeholders
Potential benefits to a country and/or economy where a MNC is located, e.g. jobs, exports, increased choice, investment
Potential drawbacks to a country and/or economy where a MNC is located, e.g. reduced sales of local businesses, repatriation of profits
The impact of exchange rate changes:
Depreciation and appreciation of an exchange rate
How exchange rate changes can affect businesses as importers and exporters of products, e.g. prices, competitiveness, profitability (exchange rate calculations will not be assessed)
I have also included some questions to help students remember the key points.
This powerpoint presentation covers:
Understanding of the competitive environment
What is competition in business terms?
Direct and Indirect competitors
strengths and weaknesses of competitors based on:
price,
quality
Location
product range
customer service
Advantages and disadvantages of competitive environment
The impact of competition on business decision making.
10 Terms good to know for your business exam
There is also an activity at the end to help you remember key points of the presentation.
In this PowerPoint presentation I cover:
dentifying and understanding customer needs:
● what customer needs are: price, quality, choice, convenience
● the importance of identifying and understanding
customers: generating sales, business survival.
There are also 3 exam style questions to help student prepare for the exam.
In this PowerPoint presentation I cover:
The purpose of market research:
Methods of market research:
primary research: survey, questionnaire, focus group, observation
secondary research: internet, market reports, government reports.
The use of data in market research:
qualitative and quantitative data
the role of social media in collecting market research data
the importance of the reliability of market research data.
There are 5 exam style question at the end; to help you further.
In this lesson I cover:
Marketing strategy
Justify marketing strategies appropriate to a given situation:
* Importance of different elements of the marketing mix in influencing consumer decisions in given circumstances
* Recommend and justify an appropriate marketing strategy in given circumstances
The nature and impact of legal controls related to marketing:
* Impact of legal controls on marketing strategy, e.g. misleading promotion, faulty and dangerous goods
The opportunities and problems of entering new foreign markets:
* Growth potential of new markets in other countries
* Problems of entering foreign markets, e.g. cultural differences and lack of knowledge
* Benefits and limitations of methods to overcome such problems, e.g. joint ventures, licensing
In this lesson I cover:
Identify and classify costs:
Classifying costs using examples, e.g. fixed, variable, average, total
Use cost data to help make simple cost-based decisions, e.g. to stop production or continue
Economics and diseconomies of scale:
The concept of economies of scale with examples, e.g. purchasing, marketing, financial, managerial, technical
The concept of diseconomies of scale with examples, e.g. poor communication, lack of commitment from employees, weak coordination
Break-even analysis:
The concept of break-even
Construct, complete or amend a simple break-even chart
Interpret a given chart and use it to analyse a situation
Calculate break-even output from given data
Define, calculate and interpret the margin of safety
Use break-even analysis to help make simple decisions, e.g. impact of higher price
Understand the limitations of break-even analysis
In this lesson I cover:
The need for business finance:
The main reasons why businesses need finance, e.g. start-up capital, capital for expansion and additional working capital
Understand the difference between short-term and long-term finance needs
The main sources of finance:
Internal sources and external sources with examples
Short-term and long-term sources with examples, e.g. overdraft for short-term finance and debt or equity for long-term finance
Importance of alternative sources of capital, e.g. micro-finance, crowd-funding
The main factors considered in making the financial choice, e.g. size and legal form of business, amount required, length of time, existing loans
there is also an activity for students to get involved and remember.
In this lesson I cover:
Profitability:
The concept and importance of profitability
Liquidity:
The concept and importance of liquidity
How to interpret the financial performance of a business by calculating and analysing profitability ratios and liquidity ratios:
Gross profit margin
Profit margin
Return on Capital Employed
Current ratio
Acid test ratio
Why and how accounts are used:
Needs of different users of accounts and ratio analysis
How users of accounts and ratio results might use information to help make decisions, e.g. whether to lend to or invest in the business
I have also created a task students to help students remember the main outcomes of this lesson.
In informative Powerpoint Presentation I cover:
Sources of finance for a start-up or established small business:
Short-term sources:
overdraft and trade credit
Long-term sources:
personal savings, venture capital, share capital, loans, retained profit and crowd funding.
Understanding Creditors and debtors
External and internal finance
There are some questions at the end to help students remember key points:
In this lesson I cover:
Enterprise and entrepreneurship
Characteristics of successful entrepreneurs
Contents of a business plan and how business plans assist entrepreneurs
Why and how governments support business start-ups, e.g. grants, training schemes
In this PowerPoint presentation I cover:
Who business stakeholders are and their different objectives:
shareholders (owners),
employees, customers,
managers, suppliers, local community,
pressure groups, the government.
Stakeholders and businesses:
how stakeholders are affected by business activity
how stakeholders impact business activity
possible conflicts between stakeholder groups.
I have also added one extra lesson starter PowerPoint which talks and helps students understand conflict of between different stakeholders.
At the end of the presentation, there is an activity for students to put their learning into effect.
In this lesson I cover:
The role of market research and methods used:
* Market-orientated businesses (uses of market research information to a business)
* Primary research and secondary research (benefits and limitations of each)
* Methods of primary research, e.g. postal questionnaire, online survey, interviews, focus groups
* The need for sampling
* Methods of secondary research, e.g. online, accessing government sources, paying for commercial market research reports
* Factors influencing the accuracy of market research data
Presentation and use of market research results:
* Analyse market research data shown in the form of graphs, charts and diagrams; draw simple conclusions from such data
In this lesson, I cover the following:
Marketing, competition and the customer
* The role of marketing:
* Identifying customer needs
* Satisfying customer needs
* Maintaining customer loyalty
* Building customer relationships
Market changes:
Why customer/consumer spending patterns may change
The importance of changing customer needs
Why some markets have become more competitive
How businesses can respond to changing spending patterns and increased competition
Concepts of niche marketing and mass marketing:
Benefits and limitations of both approaches to marketing
How and why market segmentation is undertaken:
How markets can be segmented, e.g. according to age, socio-economic grouping, location,
gender
Potential benefits of segmentation to business
Recommend and justify an appropriate method
of segmentation in given circumstances
This is a complete lesson.