This document provides information to structure your report and the presentation for unit 7 decision-making. It provides one -to one step and well as explained in detail how to achieve each instruction.
Unit 7- Decision making Guidance and Structure. Activity 1 and 2 Coved.
1. Introduction - Set out the current situation the business is in
- Identify the options that the report will cover
- Remember to write in the context of the scenario
2. Current Business Set the context of the business, identifying any of the following
position reference in the case study:
- Current situation; e.g. market they operate in,
products/services etc.
- Market Trends; e.g. market growth / decline, skills gaps etc.
- Competition; e.g. position in the market, threats, closest
competitors etc.
3. Financial Trends Analyse the financial data provided for the current situation:
- Analyse any trends if it provides current and past data e.g.
profitability
- Analyse any trends if it provides business and market data
e.g. revenue
4. Implications for 4.1 - Implications for Human Resources:
Resources
- The implications on HR; e.g. recruitment, training, upskilling
etc.
4.2 - Implications for Physical Resources:
- The implications on physical resources; e.g. premises,
vehicles, equipment etc.
4.3 - Implications for Financial Resources:
- How much will each venture cost? (start-up/ running costs)
What sources of finance are needed / available?
4.4 - Implications for Time:
- How long does each venture take to launch / become
lucrative?
5. Key Factors and Complete a SWOT Analysis of Option 1
Risks
Complete a SWOT Analysis of Option 2
Throughout the analysis of both options you should include:
- Links to the size and scale of the business
- Links to the timescale of the option
- Links to the aims and objectives of the business
- Links to the nature of the business, the market and
competitiveness
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examjan2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.77. You're not tied to anything after your purchase.
