Business - Unit 3
This unit examines how businesses set objectives, plan growth, use decision-making tools, and manage change while navigating internal and external influences.
Class Time : Every Tuesday at 6:30 AM America/New_York
Examination : Edexcel Advanced Level
Subject : Business
Level : A Level
Unit 3 focuses on the strategic aspects of business operations and decision-making. It begins with business objectives and strategy, exploring how organizations set goals, formulate strategies, and align resources to achieve long-term success. Topics include corporate aims, mission statements, and strategic planning models such as SWOT and PESTLE analyses. The business growth section examines strategies for expanding operations, including organic growth, mergers, and acquisitions, and evaluates their benefits, challenges, and risks. Decision-making techniques provide students with analytical tools like decision trees, critical path analysis, and investment appraisal, enabling data-driven and informed decision-making processes. The unit also explores influences on business decisions, including ethical considerations, stakeholder expectations, and external factors like economic conditions and regulatory changes. Assessing competitiveness focuses on analyzing business performance using financial and non-financial metrics, such as market share, efficiency ratios, and employee engagement. Managing change addresses the complexities of implementing strategic changes within businesses. It includes change management theories, resistance to change, and strategies for ensuring smooth transitions in response to evolving market demands or organizational objectives. This comprehensive unit equips students with the knowledge and skills to navigate strategic business challenges effectively.
What you'll learn
Lecturer
Madusha Dananjaya
Mr. Madusha Dananjaya is the lecturer in the disciplines of Business and Statistics at GSCM Academy. He is a passionate and results-oriented entrepreneur with a demonstrated history of success in the education sector. He has a proven track record and expertise in interactive lecturing, curriculum development, instructional design, assessment, and educational technology. He is committed to providing high-quality, accessible, and affordable education to learners of all ages and backgrounds. Further, he has academic experience as a visiting lecturer at a state university and practical experience as a manager of Audit and Assurance.