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BTEC Nationals Business Student Book 2

BTEC Nationals Business Student Book 2

Catherine Richards | Jenny Phillips | Julie Smith

(2017)

Additional Information

Book Details

Abstract

Each Student Book and ActiveBook has clearly laid out pages with a range of supportive features to aid learning and teaching:

• Getting to know your unit sections ensure learners understand the grading criteria and unit requirements.

• Getting ready for assessment sections focus on preparation for external assessment with guidance for learners on what to expect. Hints and tips will help them prepare for assessment and sample answers are provided for a range of question types including, short and long answer questions, all with a supporting commentary.

• Pause point features provide opportunities for learners to self-evaluate their learning at regular intervals. Each Pause Point feature gives learners a Hint or Extend option to either revisit and reinforce the topic or encourage independent research or further study skills.

• Case study and Theory into practice features enable development of problem-solving skills and place the theory into real-life situations learners could encounter.

• Assessment practice features provide scaffolded assessment practice activities that help prepare learners for assessment. Within each assessment practice activity, a Plan, Do and Review section supports learners’ formative assessment by making sure they fully understand what they are being asked to do, what their goals are and how to evaluate the task and consider how they could improve.

• Dedicated Think future pages provide case studies from the industry, with a focus on aspects of skills development that can be put into practice in a real work environment and further study.

 

 


Table of Contents

Section Title Page Action Price
Front Cover Front Cover
Contents iii
Introduction iv
Chapter 5: International Business 1
A: Explore the international context for business operations 4
International business 4
Financing of international business 11
Support for international business 13
B: Investigate the international economic environment in which business operates 15
Globalisation 15
International trading blocs 17
Barriers to international business 21
C: Investigate the external factors that influence international businesses 26
External influences 26
International business support systems 35
D: Investigate the cultural factors that influence international businesses 38
Cultural factors 38
Impact of cultural factors 42
E: Examine the strategic and operational approaches to developing international trade 47
Strategies for operating internationally 47
Resource considerations 53
Chapter 6: Principles of Management 61
A: The definitions and functions of management 63
Definitions of management and leadership 63
Functions of management and leadership 65
Business culture 67
B: Management and leadership styles and skills 71
Management and leadership styles 71
Management and leadership skills 74
C: Managing human resources 84
Human resources (HR) 84
Human resource planning 87
D: Factors influencing management, motivation and performance of the workforce 98
Motivation in the workplace 98
Techniques to meet skills requirements 103
Training and development 105
Performance appraisal 109
E: Impact of change 114
Managing change 114
F: Quality management 119
Quality standards 119
Kite marks – IiP 120
Developing a quality culture 120
The techniques and tools of quality management 123
The importance and benefits of quality management 124
Chapter 7: Business Decision Making 137
A: Business plans 139
Business ideas 139
Purpose and structure of the business 141
B: Decision making in business 146
Sources for data collection 146
The use of business models to aid decision making 149
Techniques to analyse data effectively for business purposes 152
Appropriate formats for decision making in a business context 158
Software-generated information for decision making in an organisation 163
C: Use of research to justify the marketing of a business 166
Types of research 166
Competitor analysis 167
Trends 168
Marketing plan 169
D: Efficient operational management of the business 172
Legislation 172
Quality issues 175
E: Understand the importance of managing resources 177
Human resources 177
Physical resources 181
Financial resources 183
F: Creation and interpretation of financial forecasts 185
Creation and analysis of a sales forecast 185
Create and interpret a cash flow forecast 186
Creation and interpretation of a break-even chart 188
Creation and interpretation of an income statement 190
Creation and interpretation of a statement of financial position 192
G: Viability of a business 196
Ratio analysis 197
Threats and ‘what if’ scenarios 198
Contingency plan 200
H: Demonstrate business skills/IT skills 201
Business skills 202
Use IT skills to create appropriate documentation 204
Chapter 19: Pitching for a New Business 215
A: Explore potential ideas for a micro‑business start‑up 218
Micro‑business start‑up idea exploration 218
Models for business opportunities 221
Factors to be considered when setting up a micro‑business 228
B: Develop a business plan for a viable micro-business start-up 233
Market analysis and planning 234
Legal aspects 242
Financial aspects 246
Evaluation 251
C: Carry out a pitch for funding for the chosen micro‑business 254
Documents and materials for pitch 254
Review and evaluation 258
Chapter 21: Training and Development 261
A: Investigate training and development in a selected business 264
Training and development 264
Reasons for training 264
Identification of training needs 269
B: Examine the planning and delivery of training programmes in a selected business 271
Types of training 271
Costs and benefits of training and development 276
C: Develop an appropriate induction programme for a group of new starters in a selected business 282
Induction 282
Benefits of a good induction programme and costs of a poor induction programme 283
Developing an appropriate induction programme 286
Glossary 293
Index 297
Back Cover Back Cover