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Topic 1: Business Organisation and Environment. 1.6 Organisational Planning Tools. Brainstorm what Organisational planning tools are?. Business Plans. LO: Analyse the importance of the information in the business plan to different stakeholders. Business Plans. Business Plans.

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1 6 organisational planning tools
1.6 OrganisationalPlanning Tools
  • Brainstorm what Organisational planning tools are?
business plans
Business Plans
  • LO: Analyse the importance of the information in the business plan to different stakeholders.
business plans identify
Business plans identify...
  • The business idea and product or service being provided
  • The experience and skills of personnel
  • The external environment of the business
  • A background study of the sector
  • The competition
  • The market and a plan for penetration
  • Financial needs for the start-up and projections for returns
  • Future plans and goals
decision making framework
Decision making framework
  • LO: Apply a formal decision-making framework to a given situation.
decision making framework1
Decision making framework
  • Businesses face critical moments when decisions have to be made
  • Managers held accountable for the results
  • Decision can be made based on:
    • Hunch
    • Experience
    • Scientific Date
  • Decisions must be justified and backed-up by data or an acceptable process.
  • Decision-making tools.
  • Each decision carries an opportunity cost.
  • The risk needs to be controlled while maximisingthe gain.
decision making framework2
Decision making framework
  • What is wrong with this picture?
decision making framework3
Decision making framework
  • Phases of the decision making framework
    • Set objectives
    • Clarify the present situation
    • Gather information
    • Gather ideas and innovation
    • Decide between alternatives
    • Work on planning
    • Take action
    • Control and review
swot analysis
SWOT Analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats
  • LO1: Prepare a SWOT analysis for a given situation.
  • LO2: Analyse an organisation’s position using a SWOT analysis.
swot analysis2
SWOT Analysis
  • Strengths
    • Can be anything favourable for the business.
    • Think of a business and try to list as many strengths as you can.
swot analysis3
SWOT Analysis
  • Weaknesses
    • Require attention and honest/realistic assessment
    • Negative effects may be minimised through strategic action.
    • Could include things done badly or things done better by competition
    • Add some weaknesses to your list
swot analysis4
SWOT Analysis
  • Opportunities
    • Factors that provide growth potential.
    • List as many as you can...
swot analysis5
SWOT Analysis
  • Threats
    • Factors with potential harmful effects on business.
    • Barriers to development.
    • Issues that the organisation must protect itself from.
swot analysis why1
SWOT Analysis – Why?
  • Uses its strengths to take advantage of its opportunities.
  • Minimises its weaknesses to reduce the significance of the threats.