Business Organisations and Strategy

This unit is expiring
The expiry date of this unit is 31/07/2025.

Overview

Framework:
Access to HE
Level:
Level 3
Unit No:
QU030547
Credits:
3
Guided learning hours:
Not available

Qualification Grading Type

Graded

Grade Descriptors

  • GD1-Understanding the subject
  • GD7-Quality

Unit Learning Outcomes

1

Understand the nature of business.

Assessment Criteria

  • 1.1

    Explain the nature of business including different types of business (private, public, not for profit).

    Use examples to illustrate your answers. 

  • 1.2

    Critically compare the benefits and drawbacks of the major forms of business ownership and explain how the size of a business is measured. 

2

Understand business strategy.

Assessment Criteria

  • 2.1

    Analyse what is meant by a business strategy. 

    To include mission and vision statements and corporate aims and objectives.

  • 2.2

    Analyse what is meant by a stakeholder and why a business strategy must take into account the interests of its stakeholders. 

  • 2.3

    Explain the purpose and features of a SWOT analysis. 

  • 2.4

    Create a SWOT analysis for a proposed new business.