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Business Studies Lesson Plan Example
Date : 17/09/2023
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Uploaded by : Elicia
Uploaded on : 17/09/2023
Subject : Business Studies
Lesson One: Business Aims and Objectives
Profit: Financial benefit for a company after calculating the income generated from the expenses. Calculated as revenue - expenses.
Business Growth: The increase in a company`s size, revenue, market share and profitability. Business Life CycleThe Four Stage Process: Startup How a business concept turns into a product and service.In order to succeed the business should focus upon customer demographics, create a business plan and market research. GrowthEstablishment of a strong customer base, healthy cash flow and increased market share. Driving consistent business growth through the increase in sales and brand awareness. Questions for considerationWhat are your company`s key priorities? What is the competitive advantage?What resources are made available?How will increased growth impact employees and organisational culture?MaturityManagement of the business and creating consistent revenue inflow. How?Exploration of new markets Research and development investment Build upon customer loyalty for profitability and sale purposes Renewal / Decline Flexibility to adapt to changing circumstances and developing the product/service. CIRCUMSTANCESEmployee turnover is increasing Online complaints and poor reviews Market share is decreasing
Profit: Financial benefit for a company after calculating the income generated from the expenses. Calculated as revenue - expenses.
Business Growth: The increase in a company`s size, revenue, market share and profitability. Business Life CycleThe Four Stage Process: Startup How a business concept turns into a product and service.In order to succeed the business should focus upon customer demographics, create a business plan and market research. GrowthEstablishment of a strong customer base, healthy cash flow and increased market share. Driving consistent business growth through the increase in sales and brand awareness. Questions for considerationWhat are your company`s key priorities? What is the competitive advantage?What resources are made available?How will increased growth impact employees and organisational culture?MaturityManagement of the business and creating consistent revenue inflow. How?Exploration of new markets Research and development investment Build upon customer loyalty for profitability and sale purposes Renewal / Decline Flexibility to adapt to changing circumstances and developing the product/service. CIRCUMSTANCESEmployee turnover is increasing Online complaints and poor reviews Market share is decreasing
This resource was uploaded by: Elicia