Term 1: 3.7 Analysing the strategic position of a business
Students will develop an understanding of:
3.7.1 Mission, corporate objectives and strategy,
3.7.2 Analysing the existing internal position of a business to assess strengths and weaknesses: financial ratio analysis
3.7.3 Analysing the existing internal position of a business to assess strengths and weaknesses: overall performance
3.7.4 Analysing the external environment to assess opportunities and threats: political and legal change
Students will sit and end of unit assessment based on their learning.
Aims
a generalized statement of where the business is heading
Mission
an aim expressed in a particularly inspiring way
Mission statement
a short passage of text that sums up the organisation's mission.
Satisfice
To make a decision that achieves a compromise between different objectives.
Develop the individual:
Students will gain a greater understanding of Corporate strategy and looking at why firms decide to grow or remain small depending on aims and objectives
Create a supportive community:
Students will be working in different groups and on an individual level to explore how firms are impacted by external influences and why some firms can choose to remain small
Term 2: 3.7 Analysing the strategic position of a business and 3.8 Choosing strategic direction
Students will develop an understanding of:
3.7.5 Analysing the external environment to assess opportunities and threats: economic change
3.7.6 Analysing the external environment to assess opportunities and threats: social and technologica
3.7.7 Analysing the external environment to assess opportunities and threats: the competitive environment
3.7.8 Analysing strategic options: investment appraisal
3.8.1 Strategic direction: choosing which markets to compete in and what products to offer
3.8.2 Strategic positioning: choosing how to compete
Students will sit and end of unit assessment based on their learning.
Copyright
this makes it unlawful for people to copy an author's original written work
Monopoly power
is the ability to charge high prices because you are the sole supplier of a product
Patents
provide the inventor of a technical breakthrough with the ability to stop anyone copying the idea for up to 20 years
Tariffs
are taxes that apply to imports only
Develop the individual:
This will give students a chance to experience real life finance, understand the balance between various stakeholders and look at business ethics
Create a supportive community:
It helps the students recognize various points of view and practice balancing demands of various groups and people.
Term 3: 3.9 Strategic methods: how to pursue strategies
Students will develop an understanding of:
3.9.1 Assessing a change in scale
3.9.2 Assessing innovation
3.9.3 Assessing internationalisation
3.9.4 Assessing greater use of digital technology
Organic growth
growth form within the business
Rationalisation
reorganizing to increase efficiency
Strategic gap
the difference between where the business is and where it plans to be
Develop the individual:
Students will gain an understanding as to the reasons why businesses grow or retrench
Create a supportive community:
Students will work in groups to understand the impact to wider society of changes in business employment and redundancies
Term 4: 3.9 Strategic methods: how to pursue strategies
Students will develop an understanding of:
3.9.1 Assessing a change in scale
3.9.2 Assessing innovation
3.9.3 Assessing internationalisation
Students will sit and end of unit assessment based on their learning.
Capacity utilisation
actual output as a proportion of maximum capacity
Capital investement
expenditure on fixed assets such as machinery
Delegate
Hand power down the hierarchy to junior managers or workers
Organic growth
growth form within the business
Synergy
this occurs when the whole is greater than the sum of the parts. TI is often the reason given for mergers or takeovers occurring
Research and development
scientific and technial research aimed at producing innovative products or processes.
Develop the individual:
Students will gain an understanding as to the reasons why businesses grow or retrench
Create a supportive community:
Students will work in groups to understand the impact to wider society of changes in business employment and redundancies
Term 5: 3.9 Strategic methods: how to pursue strategies
Students will develop an understanding of:
3.9.4 Assessing greater use of digital technology
3.9.5 Assessing greater use of digital technology
Students will sit and end of unit assessment based on their learning.
Copyright
this makes it unlawful for people to copy an author's original written work
Monopoly power
is the ability to charge high prices because you are the sole supplier of a product
Patents
provide the inventor of a technical breakthrough with the ability to stop anyone copying the idea for up to 20 years
Tariffs
are taxes that apply to imports only
royalty
A payment received by the owner of a patent or copyright
Develop the individual:
Students will gain an understanding as to the reasons why businesses grow or retrench
Create a supportive community:
Students will work in groups to understand the impact to wider society of changes in business employment and redundancies
Term 6: 3.10 Managing strategic change
Students will develop an understanding of:
3.10.1 Managing change
3.10.2 Managing organisational culture
3.10.3 Managing strategic implementation
3.10.4 Problems with strategy and why strategies fail
Students will sit and end of unit assessment based on their learning.
First mover advantage
the advantages gained by a firm that is first to launch their new product in to the market
Operational gearing
measures a firms fixed costs as a percentage of tis total costs. Low operational gearing implies that a company es overheads are relatively low, which will help to reduce risk by decreasing the break=-even output level
Organisation chart
a diagram that shows lines of responsibility and who is responsible and answerable to whom within the organisation
Unfair dismissal
when an employer ends a workers contract for a reason that is not permissible under employment law. An example of unfair dismissal would be ending a female works employment because she became pregnant
Develop the individual:
Create a supportive community: