Students now only need to conduct a SWOT and PEST analysis of business ideas to evaluate their viability. Leadership styles are now at the discretion of the teacher, and management styles are covered in Unit 4.
In Topic 1 SWOT analysis now needs to be conducted to analyse mission statement environmental factors and strategic planning for a business. In Topic 2, break-even analysis has been removed from this unit. Students instead need to conduct a PEST analysis.
How will students be impacted?
Gain a comprehensive understanding of fundamental business concepts and strategies through authentic business contexts.
Acquire proficiency in SWOT and PEST analysis to support them in further units.
Develop critical thinking and analytical skills by undertaking SWOT and PEST analysis relating to the fundamentals of business.