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Topic 1: Business Organisation and Environment

Topic 1: Business Organisation and Environment. 1.6 Organisational Planning Tools. Brainstorm what Organisational planning tools are?. Business Plans. LO: Analyse the importance of the information in the business plan to different stakeholders. Business Plans. Business Plans.

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Topic 1: Business Organisation and Environment

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  1. Topic 1: Business Organisation and Environment

  2. 1.6 OrganisationalPlanning Tools • Brainstorm what Organisational planning tools are?

  3. Business Plans • LO: Analyse the importance of the information in the business plan to different stakeholders.

  4. Business Plans

  5. Business Plans

  6. Business plans identify... • The business idea and product or service being provided • The experience and skills of personnel • The external environment of the business • A background study of the sector • The competition • The market and a plan for penetration • Financial needs for the start-up and projections for returns • Future plans and goals

  7. Decision making framework • LO: Apply a formal decision-making framework to a given situation.

  8. Decision making framework • Businesses face critical moments when decisions have to be made • Managers held accountable for the results • Decision can be made based on: • Hunch • Experience • Scientific Date • Decisions must be justified and backed-up by data or an acceptable process. • Decision-making tools. • Each decision carries an opportunity cost. • The risk needs to be controlled while maximisingthe gain.

  9. Decision making framework • What is wrong with this picture?

  10. Decision making framework • Phases of the decision making framework • Set objectives • Clarify the present situation • Gather information • Gather ideas and innovation • Decide between alternatives • Work on planning • Take action • Control and review

  11. SWOT Analysis • Strengths • Weaknesses • Opportunities • Threats • LO1: Prepare a SWOT analysis for a given situation. • LO2: Analyse an organisation’s position using a SWOT analysis.

  12. SWOT Analysis

  13. SWOT Analysis • Strengths • Can be anything favourable for the business. • Think of a business and try to list as many strengths as you can.

  14. SWOT Analysis • Weaknesses • Require attention and honest/realistic assessment • Negative effects may be minimised through strategic action. • Could include things done badly or things done better by competition • Add some weaknesses to your list

  15. SWOT Analysis • Opportunities • Factors that provide growth potential. • List as many as you can...

  16. SWOT Analysis • Threats • Factors with potential harmful effects on business. • Barriers to development. • Issues that the organisation must protect itself from.

  17. SWOT Analysis – Why?

  18. SWOT Analysis – Why? • Uses its strengths to take advantage of its opportunities. • Minimises its weaknesses to reduce the significance of the threats.

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