Mr Salter - A2 Business Studies - Objectives

1. MEDIUM TERM PLAN – TOPIC__ _A2 Objectives and Strategies_____________________________Less Learning ObjectivesActivities and ResourcesLearning Outcomes AssICT/ LiteracyonDifferentiated(Differentiated; ess Numeracy No. as necessary All/Most/Some) men/SMSC/ t Citizenship and Hom ework.A. Describe the uses ofDecision treesTeacher talk introducing thedecision trees(remembering to conceptB. Use decision trees to explainencourage Discussion of the features of DTthe appropriate course ofunderstanding thatA action given probabilities andrisk must beNotes – simple decision tree, goexpected values/costsassessed, not through as a group C. Evaluate the use of decisionavoided)treesPractical B1 – B2B Describe the limitations of this modelContinue with practical activities Teacher talkNotes– use of and limitations of….C/D 2. Business Studies, Marcouse et al,Unit 83, especially exercises B1 -3Objectives & Strategy ResourcePack, G Coates, A2 Unit 7(especially for new teachers) Business Review April 2002 Hall (2nd ed) Unit 11 Q1 pg92, Q3pg 95, Crystal Holdings PLC pg 96 Business Case Studies 3rd EdnCases 72 & 93 AQA Papers: June 1997 & 2000 P2and June 2001 Unit 6Impact on firms of Teacher talk and discussion Q &A. Explain why growth is a a change in size A A business objectiveStudents form notes• Economies of scale • Market power 3. Financing growth; Students work in small groups to• Survival over-tradingidentify and explain the problems • Management status of growth. Students feedback to B. Identify the problems of group. growth • Financial – cash flow & HW Write up group work taskgearing B • Managerial • Operational Introduce the need for financingC. Explain the internal sources growth with discussion• Trading profit Teacher talk on types of internal • Working capital sources of finance• Asset sales Students form notes D. Explain the external sources • Ordinary share capital • Loan capital – bank loans, Teacher talk on external sources…overdrafts & debentures, Students form notesventure capital Q & A sessionC/DE. Explain the importance ofplanning , forecasting toavoid overtrading F. Define & explain overtrading Teacher led discussion of why G. Explain the significance of planning… and the problems faced liquidity to a business if planning is not apparent E/F/H. Analyse the problems 4. Gassociated with growth• ProductionDefinitions of key terms``StaffNotes Business Studies, Marcouse et al,Teacher talkNotes Teacher talk A. Explain the problem of Management Notes adjustment from boss to reorganisation manager during growth • Delegation • Loss of control • Staff moral/motivation RetrenchmentB. Analyse the change inmanagement structureHW: Case Study “Question 6 • Increased layers ofGrowing Pains” A/B/CmanagementObjectives & Strategy Resource • Increased reliance on othersPack, G Coates, A2 Unit 2 to operate effectivelyBusiness Case Studies 3 Edn Case • Problems of communicationrd55, 62 • Motivation of staff C Assess the potential for lossObjectives & Strategy Resource of control 5. Pack, G Coates, A2 Unit 3 Business Studies, Marcouse et al, see Table on Page 552 Business Case Studies 3rd Edn Case 74 & 99 Business Review April 2001 Why Companies Choose to Shrink Discuss and identify problems A. Evaluate the decision to Private to public (public…private) A convert from private to company Notespublic Teacher talk on becoming an • Keeping business private National to international company • Costs of transition international & Q&A B • Economies/diseconomies of multinationalscale organisationDefinitions and introduction to B. Analyse the retrenchment problems/benefits of Teacher talk becoming an international Explanation of the reasons for… Ccompany Students to work on brainstorm of • Understanding of the local reasons for and againstmarket retrenchment for wall display • Problems of control D.O.S (presentation)• Differences in culture Business Case Studies 3 Edn Case • New markets rd 74, 85• E.O.S 6. C. Define & explain Business Studies, Marcouse et al, retrenchment Unit 79, including exercises B1 & B2D. Explain the reasons for & Business Case Studies 3 Edn Case rdtypes of 90 rationalisation/retrenchment E. Describe the advantages ofretrenchment • Reduction in costs • Improved communication • Streamline for futuregrowth • Increase capacity utilisation • Motivation for remainingstaff – increase inresponsibility F. Describe the problems ofretrenchment • Demotivation of staff • Increased workloadLoss of skillsTeacher talk, definitions and notes A. Define & explain mergers & Takeovers and Atakeovers & Reverse 7. mergersTakeovers (Hostile/friendly) B. Analyse the reasons for Discussion of the reasons for… and vertical, horizontal, lateral & a discussion of advantages and conglomerate integration inc disdvantages Q&AB/C/Dasset stripping Students to write up notes C.Analyse the advantages & Definitions and explanations E/F disadvantage of each typeD.Explain how integration can HW: Case Study 83 “Chocolate be financed Soldiers – The RowntreeE.Explain & define demerger Takeover”F.Explain why some firms maywish to demerge Barratt & Mottershead: Business Studies, Unit 5 Business Studies, Marcouse et al, Unit 80, including exercises B1 & B2 Business Case Studies 3rd Edn Cases 91 AQA Paper 2 (not Unit 2) January 2002 Hall (2nd ed) Unit 101: BP Amco case pg 725 Teacher talk and discussion G. Define management buy-out Management Buy- 8. Outs Students form notes from classH. Explain why managementdiscussion buy-outs occur• Privatisation• Restructuring• Alternative to closure• Unloading loss making divisionI. Analyse the advantages &Application of theory “Venturing disadvantages offor Growth” A/B/C/Dmanagement buy-outsBusiness Studies, Marcouse et al, Explain the difference betweenUnit 80.5 a buy-out & a buy-inAEB Exam Paper 2 June 1999 Times 100 ‘3I’ Mission &Teacher talk – definitionsJ. organisational Using an example (Body Shop)A.Define and explain the culturelook at the parts that make up a purpose of a mission Purpose and doubts mission statement Bstatement about missionClass discussion of why mission B. Explain how a mission statements statements are required Astatement is formulated andStudents to write school mission describe the content of astatement and present ideas to mission statementgroup B C. Evaluate the need for a 9. Problems in changing mission statement a firm’s culture Teacher talk – definitions D. Explain the factors that willNotes make a mission statementBrainstorm the different types of more effectivecultureE. Define business cultureWrite up types of culture usingF. Analyse the factors thatarticle as a guide Fshape the culture of anHW Question ‘Discuss whetherorganisationmanagers can change business G. Explain the different typesculture’of culture •Power culture •Role culture •Task cultureClass discussion of limitations of … •Person cultureHH. Describe the limitations of aStudents to analyse the aims of.. mission statementWrite up notes I Business Studies, Marcouse et al,A Analyse the aims of a givenUnit 81, including exercises B1 &organisationB2 (section 81.8 plus exercise B2help develop a critical approach tomission statements) 10. Objectives & Strategy ResourcePack, G Coates, A2 Unit 5Business Case Studies 3rd Edn Case85 (Body Shop) Business Review Sept 1999Business Culture & ManagementAEB Exam Paper 2 June 2001 Decision-makingTeacher talk A. Explain the decision making models: scientific Notes – identify how companiesprocess decision makingselect strategiesB. Explain the process of model (and Q & A A/B scientific decision making assessing hunch vObjectives & Strategy Resource C. Explain the criteria for ‘science’) Pack, G Coates, A2 Unit 6 successful decision makingBusiness Case Studies 3rd Edn Case • Clear objectives10 (just Qs 2,5 & 6), 89 (Q4 only) • Use of relevant data • Effective analysis of data • Easily implemented D. Describe the drawbacks ofthe above approach E. Explain the Ansoff Matrixas a model for decisionmaking Explain the 4 possible 11. strategies in the model andassess its usefulness as adecision making tool. Corporate plans and Teacher talk Q & AAB Explain the purpose of an strategy; (if you Brainstorm external audits B internal & external audit in have time, Porter’s Students form notesstrategic analysis. 5 Forces are worth C. Explain the areas covered by teaching) Introduce PEST-G Can external audit Discuss the internal audit and • General business & economic identify the difference between conditions Ansoff’s matrix strategic and tactical D/E Conditions within specific• markets HW Case Study ‘BskyB’C • Nature of competitionD. Analyse how PEST-G analysis Business Studies, Marcouse et al, can be used to analyse Unit 82, including exercises B1,B2business & economic Hall (2nd ed) pg 196 case conditions Barratt & Mottershead: BusinessE. Explain the factors covered Studies, Unit 7 by an internal audit Business Review Feb 1999 & Sept A. Explain the difference 2001 Business Strategy: Firstbetween strategic & Mover Advantagetactical/operational decisions Business Case Studies 3rd Edn Case 99 (Xerox, esp Qs 2 & 5) 12. AEB Exam Paper 2 June 1998Business Case Studies 3rd EdnCases 73, 92 (Nokia) & 95 (Sony)Business Review Nov 2001Business Strategy: AnsoffBusiness Review Sept 1998Unit 84/85 (extra reading) Risk assessment andTeacher talk and definitionsA. Define crisis management contingency planning Students to complete a table of B. Identify & describeinternal & external crises different forms of crisisDiscussion of contingency planning (internal & external)Q & A A/B/C C. Define contingency planningD. Explain the 5 stage process• Recognition• Catalogue possible crisis• Analyse responses• Formulate plan & identifyTeacher talk detailing the resourcesmanagement of crises• TestStudents formulate notesE. Explain the criteria forGroup discussion on the use andeffective contingency planslimitations of contingency planning F. Explain the situations whereE/F/Gcontingency planning is less likely to work 13. HW Essay No 3 p86A. Evaluate the usefulness of Business Studies, Marcouse et al,contingency planning – cost Unit 86, including exercises B1 &implications B2 Business Review Nov 1996 Wise Before The Event; Sept 1999 Mercedes A Class AEB Exam Paper 2 June 2000 All too many articles following on from Sept 11th 2001 (stories especially worth tracking: British Airways and Whitbread (Marriott Hotels Revision of Jewell: Integrated Business objectives andStudies 4th Edn. Ch 48 strategyBusiness Case Studies 3rd Edn Case 83 Business Studies, Marcouse et al, Unit 85 (If time) Porter’sObjectives & Strategy Resource Generic StrategiesPack, G Coates, A2 Unit 8 Business Review April 2002 Business Strategy: Porter Case Study practice Business Case Studies 3rd Edn 14. on objectives and Cases 86 (Chessington) strategyBusiness Review Feb 2002 Business Strategy: Strategic Coping with (or failure at Marconi thriving on) change Business Review Nov 1997: Managing Change at Guinness Barratt & Mottershead: Business Studies, Unit 55 RevisionBusiness Review Crosswords: Feb & April 2001; April 2002 Revision A - Zs Feb & April2000; Feb 2002 A-Z Business Studies Workbook: for students to test themselves on 13 relevant sets of Brainteaser- style questions, plus an A2 Obj & Strat revision set. Business Case Studies 3rd Edn Case 88 Creative Learning Software: Revision disk on Objectives & Strategy (Qs by Andrew Gillespie) 15. Paper 2 Summer 1998 Paper 2 Summer 1997 B1 Data Response Unit 87 16. LessLearningActivities and Resources Learning AssessmentICT/ LiteracyonObjectivesDifferentiated Outcomes andNumeracy /SMSC/ No. as necessary (Differentiated; Homework Citizenship contributionAll/Most/Some)