If you are assessing your competition and trying to see how these could impact on your business idea, then you need to consider;

  • Who is your competition?
  • What the features that make your competition successful are?
  • What are the strengths of your competition?
  • What are the potential weaknesses of the competition?

You could best display this in a table like the one below;

Competitor Features of the Business Strengths of Your Competition Weaknesses of Your Competition

It may also be helpful to obtain a map of the local area and mark on the locations of your competitors and where you are planning on locating your business. This will show visually where your competitors are and also the impact these could have on appealing to your target market.

This presentation covers the topic of target marketing and how it can be used to identify the target market for an organisation.

 

Complete the table below which is linked to the different stages of the economic cycle that we have been looking at in lesson.

 

The presentaiton below looks at the topic of functional areas in business and the roles that these have in different organisations. This can be used as a teaching resource or a revision resource.

You can view the YouTube version of this lesson online here.

 

 

Here is a chance to assess your understnading of stakeholders in a business and the impact and influence that they have on how an organisation operates. You should look at the task that is being asked of you can complete this to the best of your ability.

This presentation covers the topic of Stakeholders in Business and focuses on the conflicts of interests that the different stakeholders may have. It also looks at how stakeholders interests could impact on the overall aims and objectives of the organisation.

 

A presentation that explains stakeholders in business and contains an activity you can use to improve and test your understanding of this topic.

 

Here you can find a copy of the resource sheet that you have been set to complete over the holidays. You need to ensure that you bring this with you to your first lesson of Business Studies and the knowledge you are covering here will be used in that first lesson. This will also then appear in the first assignment task that you will have to complete.


There are a range of different types of ownership types that a business organisation can select. Some of these will make you a Business and others a Company. This is a really important difference and something that is covered in the resource below. The key concept of liability is explained in this video resource.

This is a useful resource that can be used for revision or as part of a planned lesson resource.

[Click Here to Watch Video]

Not all organisations have the same purpose. This may depend on the sector that the business operates in as to what their main aims will be.

Organisations in the Private Sector tend to be owned by private individuals who invest their own money, resources and time into the organisation, so as a result typically expect to make a profit from their business.

However, organisations in the Public Sector tend to be owned by charities or the Government. This means that making a profit is not as important to them, with more of the focus being on providing a good quality service. Government organisations are typically funded though the tax that Government collect from all of us.

If you look around your High Street you should find many different examples of both Public and Private sector organisations. Just ask yourself who owns the organisation? What is the main purpose of the organisation?

Sometimes there will be organisations in the Private sector who do not aim to make a profit. These are typically known as “not for profit” organisations. The best example of these is charities, which will reinvest all of the profits that they make from their operations back into their organisation. This tends to mean at the end of the year these organisations will break even.

 

 

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