Business - Unit 2
This unit focuses on how businesses plan and manage their operations, finances, and resources while navigating external influences.
Class Time : Every Thursday at 8:30 AM America/New_York
Examination : Edexcel Advanced Level
Subject : Business
Level : AS Level
Unit 2 explores the practical aspects of running a business, beginning with planning and raising finance. Students learn about the importance of business planning, sources of finance (such as loans, equity, and crowdfunding), and the implications of financial decisions on business operations. Financial planning examines tools like cash flow forecasting, budgeting, and break-even analysis, which help businesses anticipate financial outcomes and make informed decisions. The managing finance section delves into financial performance management, including profit and loss accounts, balance sheets, and strategies for controlling costs and managing debt. Resource management emphasizes the efficient use of physical, human, and technological resources to optimize productivity and maintain competitiveness. Topics include inventory control, quality management, and workforce efficiency. Finally, the unit addresses external influences, such as economic conditions, legal and environmental factors, and technological advancements. Students analyze how these factors impact business decisions and strategies, preparing them to adapt to the dynamic external environment effectively.
What you'll learn
Lecturer
Dusanthi Weligalla
Dusanthi Weligalla is the lecturer in the discipline of Business at GSCM Academy. She is passionate about teaching and has a deep grasp of how to relate basic curriculum to real-world applications. She also possesses strong teaching skills and solid business expertise. She is an extremely driven expert in the field of business, having worked for a large conglomerate and a multinational organisation in public practice. She is prepared to mentor students of all stripes who aspire to become experts in business subject.