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Unit 1 RDM: February 2018

This document provides an overview of topics for a business studies unit, including types of businesses, CSR/ethics, business planning, stakeholders, growth strategies, and revision questions. It outlines key concepts such as private limited companies, business plans, stakeholder mapping, pricing strategies, STEEPLE analysis, SWOT analysis, and corporate social responsibility. The document aims to help a student named Jan expand his entrepreneurial business called RDM internationally while considering ethical objectives and strategic decision-making.

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Haritika Chhatwal
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38 views16 pages

Unit 1 RDM: February 2018

This document provides an overview of topics for a business studies unit, including types of businesses, CSR/ethics, business planning, stakeholders, growth strategies, and revision questions. It outlines key concepts such as private limited companies, business plans, stakeholder mapping, pricing strategies, STEEPLE analysis, SWOT analysis, and corporate social responsibility. The document aims to help a student named Jan expand his entrepreneurial business called RDM internationally while considering ethical objectives and strategic decision-making.

Uploaded by

Haritika Chhatwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Unit 1 RDM

FEBRUARY 2018
• Entrepreneur
• Types of Business (LTD)
• CSR/Ethics
• Business plan
• Stakeholders
• Growth
Topics to Revise • Ansoff Matrix
• SWOT & STEEPLE
• Types of Growth
• Vision & Mission Statement
• Decision Tree HL
• Write down 3 features of a
private limited company.
Types of Business • Name 2 benefits and 2
problems of private limited
companies
• Why is a business plan
important?
• What are the problems of
business plans?
Business • Assess the importance of
Planning designing an effective strategic
decision making for businesses
such as RDM
• Write a list of Stakeholders and
note their interest in the
Stakeholders business.

• Divide this into internal and


external stakeholders.
Stakeholder Mapping

High Keep satisfied Manage closely


 
     
Power Monitor (Minimum Keep informed
  effort)
Low
   

  Low High

Interest
Cost-based Pricing Strategies

Pricing Strategy Analysis Evaluation

     

     
• Create a STEEPLE analysis for
RDM when considering
expanding His business in
Europe.
• Identify 3 challenges Jan might
face when expanding His
business in Europe.
QUESTIONS • Define: private limited company
Limited liability
• Identify 2 advantages and 2
disadvantages for RDM
operating as a private limited
company.
• SWOT ANALYSIS FOR RDM
• Define Corporate Social
Responsibility
• Assess two advantages and two
disadvantages for RDM adopting
Corporate Social ethical objectives.
Responsibility • Identify two advantages and
two disadvantages for RDM
adopting CSR
Growth into new
• Complete a force field analysis of
markets this decision,.
• Write a list of all ethical and
CSR facts mentioned in the case
study with line numbers.
Ethics and CSR • List the advantages and
disadvantages of ethical
behaviour.
• Identify challenges Jan might face when
expanding in European Markets ?
• Identify the stakeholder involved in this
case study?
• Describe the entrepership of Jan?
• What should be Jan’s mission and vision
QUESTIONS statement?
• What do you mean by strategic decision
and tactical decision?
• Discuss the costs and benefits to RDM of
keeping their firm as a private limited
rather than public limited company?
• Identify the importance of an
effective leadership roles for
businesses?
• What are the possible threats that
RDM may undergo after expansion
in other country .
•
• 16. Describe the characteristics of Jan as
an entrepreneur.
• Business Objectives –
particularly the need for
changing objectives.
Don’t forget to • Vision/mission statements
revise.. • Stakeholder conflict
• Internal VS External Growth
• Decision Trees (HL)

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