100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Unit 7 - Business Decision Making £8.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. PEARSON (PEARSON)
  4.  
  5. Business 2016 NQF
  6.  
  7. Unit 7 - Business Decision Making

Summary

Summary Unit 7 - Business Decision Making

1 review
 137 views  0 purchase

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.

Preview 1 out of 3  pages

Document information

  • December 29, 2022
  • 3
  • 2022/2023
  • Summary

Subjects

Written for

All documents for this subject (37)

1  review

review-writer-avatar

By: pmartin604 • 4 months ago

Seller

avatar-seller
Examjan2023

Reviews received

Content preview

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

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 £8.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76669 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£8.99
  • (1)
  Add to cart