Curriculum: 6th Form

6th Form Curriculum Guide - Year 13 Business Studies
Term 1Corporate Objectives, SWOT, PESTLE

Create a supportive community:
They learn how to develop their ideas, look at developing their own strategies

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Create a supportive community:
They learn how to develop their ideas, look at developing their own strategies

">
 

Create a supportive community:
They learn how to develop their ideas, look at developing their own strategies

">
 

Create a supportive community:
They learn how to develop their ideas, look at developing their own strategies

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3.1.1 Corporate objectives a) Development of corporate objectives from mission statement/corporate aims b) Critical appraisal of mission statements/corporate aims 3.1.2 Theories of corporate strategy a) Development of corporate strategy: o Ansoff’s Matrix o Porter’s Strategic Matrix b) Aim of portfolio analysis c) Achieving competitive advantage through distinctive capabilities d) Effect of strategic and tactical decisions on human, physical, and financial resources 3.1.3 SWOT analysis a) SWOT analysis o internal considerations: strengths and weaknesses o external considerations: opportunities and threats 3.1.4 Impact of external influences a) PESTLE (political, economic, social, technological, legal and environmental) b) The changing competitive environment c) Porter’s Five Forces 3.2.1 Growth a) Objectives of growth: to achieve economies of scale (internal and external) o increased market power over customers and suppliers o increased market share and brand recognition
Assessment: EOU assessment as well as reviews of themes 1 and 2Key Words and Terms
 
Term 2Corporate Strategy   
Mergers and takeovers a) Reasons for mergers and takeovers b) Distinction between mergers and takeovers c) Horizontal and vertical integration d) Financial risks and rewards e) Problems of rapid growth Organic growth a) Distinction between inorganic and organic growth b) Methods of growing organically c) Advantages and disadvantages of organic growth Reasons for staying small a) Small business survival in competitive markets Quantitative sales forecasting a) Calculation of time-series analysis: o moving averages b) Interpretation of scatter graphs and line of best fit – extrapolation of past data to future c) Limitations of quantitative sales forecasting Investment appraisal a) Simple payback b) Average (Accounting) Rate of Return c) Discounted Cash Flow (Net Present Value only) Decision trees Corporate influence Corporate culture Shareholders versus stakeholders Business ethics
Assessment: EOU assessment and Review of theme 1 and 2Key Words and Terms
 
Term 3Competitiveness and Managing Change   
3.5.1 Interpretation of financial statements a) Statement of comprehensive income (profit and loss account): o key information o stakeholder interest b) Statement of financial position (balance sheet) o key information o stakeholder interest 3.5.2 Ratio analysis a) Calculate: o Gearing ratio o Return on capital employed (ROCE) b) Interpret ratios to make business decisions c) The limitations of ratio analysis 3.5.3 Human resources 3.6 Managing change Causes and effects of change a) Causes of change: o changes in organisational size o poor business performance o new ownership o transformational leadership o the market and other external factors (PESTLE) b) Possible effects on: o competitiveness o productivity o financial performance o stakeholders 3.6.2 Key factors in change a) Organisational culture b) Size of organisation c) Time/speed of change d) Managing resistance to change 3.6.3 Scenario planning a) Identifying key risks through risk assessment o natural disasters o IT systems
Assessment: EOU assessment and Mock examsKey Words and Terms
 
Term 4Globalisation   
Growing economies a) Growth rate of the UK economy compared to emerging economies b) Growing economic power of countries within Asia, Africa and other parts of the world c) Implications of economic growth for individuals and businesses: 4.1.2 International trade and business growth 4.1.3 Factors contributing to increased globalisation 4.1.4 Protectionism a) Tariffs b) Import quotas c) Other trade barriers: o government legislation o domestic subsidies 4.1.5 Trading blocs a) Expansion of trading blocs: o EU and the single market o ASEAN o NAFTA b) Impact on businesses of trading blocs 4.2.1 Conditions that prompt trade 4.2.2 Assessment of a country as a market 4.2.3 Assessment of a country as a production location 4.2.4 Reasons for global mergers or joint ventures 4.2.5 Global competitiveness Markets, cultural and social factors, Niche markets, MNC
Assessment: EOU assessment and Mock examsKey Words and Terms
 
Term 5Revision and Final assessment   
Review of the 2 year course, work on the relating the course to the pre-release material.
Assessment: Final examKey Words and Terms
 

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