──── BUSINESS STUDIES ────
OVERVIEW
As Business Studies covers a vast range of topics from; how businesses need to adapt their marketing to operate in a dynamic business environment, to analysing corporate objectives and strategies against financial and non-financial performance. We thought it would be a good idea to focus on two particular areas that can have a huge impact on the way a business operates and the decisions that an entrepreneur may have to make, for the good of their business.
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Social trends - can be defined as any type of activity that is participated in by society as a whole. It may be long-lasting or short-lived, for example a ‘fad’. Facebook and Twitter introduced a new social trend by introducing a new way to connect with people from far and near.
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External factors - elements that influence a business' results and performance from the outside. These factors are often part of the economic, political and social environment of the locations where the company operates. An example of an external factor may be a recession.
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Both social trends and external factors are areas that are considered throughout all four themes that make up the course. A business must understand how particular social trends may impact the way they advertise their products, or how they estimate sales levels at a particular time of the year. Businesses must also be aware of external factors, and how the risk of something such as a recession, or a natural disaster will impact a business’s operations and potentially their future chances for growth.
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VIDEO
THE TEAM
This is the Business team at Newcastle Sixth Form College and some information on each of the team, so you can get to know a little bit more about the teaching staff.
Elizabeth Charlton
Tracey Knight
THE CHALLENGE
Our Business Studies Project covers a key part of your A Level studies preparation.
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Click HERE to download a copy of your project task.
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As many of you will have now completed the first project task in this subject, we thought we would set you another task, just for fun. Below is your project task, which you can access, and then attempt the project. Good luck and please still send us your work when completed as we are keen to see how you are progressing with these tasks.
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Access your Project Task by CLICKING HERE
RESOURCES
Continuing your learning across the Curriculum - recommended reading list:
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BBC News website Business News on a daily basis
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The Great British Entrepreneur Handbook 2016 – Inspiring Entrepreneurs
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Business Stripped Bare: Adventures of a Global Entrepreneur Richard Branson
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The Life and Business Lessons of Bin Gales
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The Exclusive Biography Steve Jobs
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Edexcel Business AS/ A Level textbook Pearson
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“Business as Usual” podcasts on YouTube
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The following Extracts will help you with the Project Task 4
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