Unit - A2 1: Making Business Decisions

A look at what a business plan is, including their advantages and disadvantages.

General paragraphs of how to approach a short question on Ansoff Matrix using a past paper example.

An example of how to approach a exam question on a boston matrix using a past paper example.

A look at strategic analysis e.g. SWOT, PESTEL, strategic choice e.g. Ansoff and Boston Matric and Strategic Implementation through an acronoym - OGADIR. Diagrams are used and evaluation via advantages and disadvantages are provided.

A sample essday of how to approach an essay on contingency plans using a past paper with a clear conclusion drawn.

An example of how to draw a decision tree and how to draw a conclusion based upon that data.

An example of some of the world's largest companies mission statements.

A one page super summary of mission statements and their advantages and disadvantages with general comments about the usefulness of one.

What is conflict and the methods to resolve it: avoidance, accommodating, forcing, compromise and problem solving.

A look at all the stakeholders in a business, their objectives, how conflict may arise and types of conflict between different groups i.e. between customers and shareholders. A look at strategic evaluation and its advatnages and disadvantages.

A look at organic and inorganic (internal and external) growth. Advantages and disadvantages are provided.

Key company accounts definitions and the purpose of an income statement and statement of financial position.

A look at the different between cash and profit. The importance of cash. Cash Flow Forecasting. How to work out working capital. Methods of Solving Working Capital. The Working Capital Cycle.

A look at the income statement and statement of financial position with diagrams and examples. User of Financial Data both internal and external. How to calculate gross profit, cost of sales and net profit. How to evaluate an income statement. The assets and liabilities of a company.