AQA GCE Specification 2007 - Littleover Community School

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Business Studies - Advanced Subsidiary and Advanced, 2007 examinationObjectivesand StrategyThis module section draws together all the Subject Content areas, and the itemsgiven below should be seen as integrating themes which emphasise the interactivenature of the business world. The material set out below builds on all the SubjectContent for both the AS and the A2. The topics in the Objectives and Strategysection of AS Module 3 should be revisited when covering the following material.In relation to various business situations, candidates are required to recognisepotential conflict between the objectives of different stakeholder interests, and tosuggest and evaluate resolutions to such conflict. They are also required to recognisethe interrelationship between objectives and an uncertain business environment, andto devise and evaluate strategies which aim to anticipate, respond to and managechange.15.4 Impact on Firms of aChange in SizeFinancing growth Internal and external sources of capital (as AS Module Section 10.5 –Sources of Finance); effect of growth on cash flow; risks of overtrading.Management re-organisationduring growthProblems of transition in sizeChange in ownership15.5 Business ObjectivesMission and organisationalculture15.6 Business StrategyDecision-making to achieveobjectivesDecision treesCorporate plan (medium tolong term)Contingency planningProblem of adjustment from boss to leader/manager; change inmanagement structure/hierarchy; risk of loss of direction and control.From private to publicly quoted, national to international;retrenchment.Take-overs and mergers: horizontal, vertical and conglomerate;purpose, financing and effects; management buy-outs: risks andrewards.Mission statements; organisational culture: its impact, difficulty ofchanging it.Decision-making models: scientific decision-making model (eg themarketing model), Ansoff’s Matrix.Constructing and evaluating simple tree diagrams based on businesschoices and probabilities; understanding the value and the limitationsof the technique.Strategic versus tactical decisions; role of the corporate plan inpursuing objectives.The need to question constantly current methods and assumptions.28 klm
Advanced Subsidiary and Advanced, 2007 examination - Business StudiesKey Skills and Other Issues16 Key Skills - Teaching, Developingand Providing Opportunities forGenerating Evidence16.1 Introduction The Key Skills qualification requires candidates to demonstrate levelsof achievement in the Key Skills of Application of Number,Communication and Information Technology.The units for the ‘wider’ Key Skills of Improving own Learning, Workingwith Others and Problem-Solving are also available. The acquisition anddemonstration of ability in these ‘wider’ Key Skills is deemed highlydesirable for all candidates, but they do not form part of the KeySkills qualification.Copies of the Key Skills units may be downloaded from the QCAweb site (http://www.qca.org.uk/keyskills).The units for each Key Skill comprise three sections:ABCWhat you need to know.What you must do.Guidance.Candidates following a course of study based on this specification forBusiness Studies can be offered opportunities to develop and generateevidence of attainment in aspects of all of the Key Skills. Areas ofstudy and learning that can be used to encourage the acquisition anduse of Key Skills, and to provide opportunities to generate evidencefor Section B of the units, are signposted below. More specificguidance on integrating the delivery of Key Skills in courses basedupon this specification are given in the AQA Teachers’ Guide.klm 29
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AQA GCE Specification 2007 - Littleover Community School

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