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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. - PowerPoint PPT Presentation
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Topic 1: Business Organisation and Environement
Topic 1: Business Organisation and Environment
1.6 OrganisationalPlanning ToolsBrainstorm what Organisational planning tools are?
Business PlansLO: Analyse the importance of the information in the business plan to different stakeholders.
Business Plans
Business Plans
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 frameworkLO: Apply a formal decision-making framework to a given situation.
Decision making frameworkBusinesses face critical moments when decisions have to be made
Managers held accountable for the results
Decision can be made based on:HunchExperienceScientific 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 maximising the gain.
Decision making framework
What is wrong with this picture?
Decision making framework
Phases of the decision making frameworkSet objectivesClarify the present situationGather informationGather ideas and innovationDecide between alternativesWork on planningTake actionControl and review
SWOT AnalysisStrengthsWeaknesses
OpportunitiesThreatsLO1: Prepare a SWOT analysis for a given situation.
LO2: Analyse an organisations position using a SWOT analysis.
SWOT Analysis
SWOT AnalysisStrengths
Can be anything favourable for the business.
Think of a business and try to list as many strengths as you can.
SWOT AnalysisWeaknesses
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 Analysis
Opportunities
Factors that provide growth potential.
List as many as you can...
SWOT Analysis
Threats
Factors with potential harmful effects on business.
Barriers to development.
Issues that the organisation must protect itself from.
SWOT Analysis Why?
SWOT Analysis Why?
Uses its strengths to take advantage of its opportunities.
Minimises its weaknesses to reduce the significance of the threats.