Dear Year 12L3
You might have thought it was impossible to launch new ice cream brand when so many big ones exist.
Hagen Daz, Ben & Jerrys, Movenpick are all household names so how can anyone launch new one. Well In different parts of the country I have lived in people have.
What do you like about Spot Loggins?
How successful is the New Forest Ice Cream Company?
To attempt the mock we have nine lessons before Easter so we are going to try something a little different. You are going to work in pairs or threes and as a consultancy you are going to take the brief and work on the planning of it collaboratively doing the research before agreeing your written plan for the report as to what you would include in it and why?
This link might also be of use here
But to excite you in the magic of making ice cream I found a video taking you into the wonderful world of Ben & Jerry's below where you will get an insight into not just how its made but the fun behind the brand.
Mr Thompson helping you to be the best you can be in Business, Enterprise Start Up and Computer Science in West Sussex or globally wherever you may be!
Showing posts with label Yr 12 L3. Show all posts
Showing posts with label Yr 12 L3. Show all posts
Monday, 12 March 2018
Monday, 11 December 2017
Types of market and market segmentation - Unit 2 Lesson 2 Stretch and challenge
Dear Year 12 L3
Once you've looked at the powerpoint fro lesson two and carried out the activity.
Think about the RESEARCH ACTIVITY and then stretch and challenge yourself by understanding MARKET SEGMENTATION and the stats that you can find below:
Demographics in a nutshell
Different ways to segment a market
Classification of population by social status
Office of National Statistics
What is ACORN all about ?
Enjoy
Mr T
Next lesson is all about BRANDING should you wish to read up on it!
Labels:
Yr 12 L3
Tuesday, 3 October 2017
Unit 1 The Business Environment - Inspired by Mr Fellows as theres no benefit to being in the dark...
Dear Year 12
By now some of you will have realised that this course has been very well planned for you to achieve the best grade you can but no one is doing it for you.
The powerpoints provide the THEORY required and the BIG questions that you ask and answer should DRIVE your RESEARCH. Internal environment here External Environment here
The RESEARCH LOG is not a box filling exercise dictated to you by your teacher it is an opportunity to COLLECT AND COLLATE EVIDENCE to use in your final WRITE UP. Actually in effect your REFERENCE LOG will be your BIBLIOGRAPHY as no one really wants to read what you say unless its underpinned with EVIDENCE or an EXPERIENCE which is personal to you but the BTEC ASSESSMERNT CRITERIA on this NEW L3 COURSE expect you to have it in your final submission and you can decide I am sure which REFERENCING SYTEM you USE but I would RECCOMMEND the HARVARD method if your unsure
The GOOGLE DOCS page for those that are using it should be the FIRST DRAFT of your thoughts but remember less is more when your WRITING.
Checklist here
Enjoy
Mr T
By now some of you will have realised that this course has been very well planned for you to achieve the best grade you can but no one is doing it for you.
The powerpoints provide the THEORY required and the BIG questions that you ask and answer should DRIVE your RESEARCH. Internal environment here External Environment here
The RESEARCH LOG is not a box filling exercise dictated to you by your teacher it is an opportunity to COLLECT AND COLLATE EVIDENCE to use in your final WRITE UP. Actually in effect your REFERENCE LOG will be your BIBLIOGRAPHY as no one really wants to read what you say unless its underpinned with EVIDENCE or an EXPERIENCE which is personal to you but the BTEC ASSESSMERNT CRITERIA on this NEW L3 COURSE expect you to have it in your final submission and you can decide I am sure which REFERENCING SYTEM you USE but I would RECCOMMEND the HARVARD method if your unsure
The GOOGLE DOCS page for those that are using it should be the FIRST DRAFT of your thoughts but remember less is more when your WRITING.
Checklist here
Enjoy
Mr T
Labels:
Yr 12 L3
Monday, 25 September 2017
BTEC Business Year 12 L3 Group 12A
Good morning Year 12
Don't forget Young Enterprise Company Programme sign up is here and the Google Trainer sign up here
Well were off and on it Here we go with Unit 1 Learning Outcome C (LOC) Task P4 & P5
We will hand out the assignment on 17th October so until then we are in the shallow end, learning the theory from the powerpoint and making notes in class and researching our 'pet businesses' and adding the content to our research document for the context that will bring it all to life.
The first deadline which is fixed and final will be on 14th December 2017. All work will be submitted to the Librarian.
You have a checklist/marking sheet on shared for Unit 1 Assignment 2 LO C as well as the assignment when the time is right to read it.
Classroom Notetaking
Complete your notes from today's powerpoint Lesson 1 L.A. C Internal Environment TTH.
Remember the best class notes are the ones that have:
1. A summary of all the class discussions in lesson
2. The best use of the resources on shared
3. The best research between lessons using the links on the powerpoint on shared and the
4. Extra goodies that I put on this website so keep your eyes peeled
Homework
Complete class notes on slides 1-4
Build your research log in shared that asking you to focus on the following chosen business. Not one of them but all of them and that includes Tesco, BMW, Primark, Pfizer & Nestle
We will be only creating one research log from the lessons that you have with both your teachers so sorry if I confused you in the lesson at the end today when I suggested that we should create two!
Exam tip - remember the PEEL that you learnt in English
P=Point E=Evidence E=Explain L=Link it all back to the question well the research log is providing the evidence to support the points you will be making in your coursework. The evidence is the application or context that brings it all to life so without it the written submission will be very sad to read.
Good luck do well and keep up!
Mr T
Labels:
Yr 12 L3
Tuesday, 19 September 2017
Year 12C L3 Lesson Tuesday P4 W/c 18th September & 12A
Ok you lovely people I think to do well on L3 you know that you have to "Step Up" as one of you already delivered the quote of the week "I stepped up when I walked through that door today Sir"
Well, at least we are now using Google Docs so you should be able to easily catch up with the skills you now have.
Don't forget Young Enterprise Company Programme sign up is here and the Google Trainer sign up here
Well were off and on it Here we go with Unit 1 Learning Outcome C (LOC) Task P4 & P5
We will hand out the assignment on 17th October so until then we are in the shallow end, learning and researching.
The first deadline which is fixed and final will be on 14th December 2017. All work will be submitted to the Librarian
You have a checklist/marking sheet on shared for Unit 1 Assignment 2 LO C as well as the assignment when the time is right to read it.
Classroom Notetaking
Complete your notes from today's powerpoint Lesson 1 L.A. C Internal Environment TTH.
Remember the best notes are the ones that have:
1. The best class notes from class discussions in lesson
2. The best use of the resources on shared
3. The best research between lessons using the links on the powerpoint on shared and the
4. Extra goodies that I put on this website so keep your eyes peeled
Homework
Using the notes from the content on slides 2-24 carry out some research on One Water and use this research to illustrate your notes or bring them to life using this SOCIAL ENTERPRISE as the main example - ONE WATER Your notes and research from lesson one can be no less than 2 pages and no more than four so send me the link when it's completed before or in next lesson.
Good luck and enjoy
Mr T
Well, at least we are now using Google Docs so you should be able to easily catch up with the skills you now have.
Don't forget Young Enterprise Company Programme sign up is here and the Google Trainer sign up here
Well were off and on it Here we go with Unit 1 Learning Outcome C (LOC) Task P4 & P5
We will hand out the assignment on 17th October so until then we are in the shallow end, learning and researching.
The first deadline which is fixed and final will be on 14th December 2017. All work will be submitted to the Librarian
You have a checklist/marking sheet on shared for Unit 1 Assignment 2 LO C as well as the assignment when the time is right to read it.
Classroom Notetaking
Complete your notes from today's powerpoint Lesson 1 L.A. C Internal Environment TTH.
Remember the best notes are the ones that have:
1. The best class notes from class discussions in lesson
2. The best use of the resources on shared
3. The best research between lessons using the links on the powerpoint on shared and the
4. Extra goodies that I put on this website so keep your eyes peeled
Homework
Using the notes from the content on slides 2-24 carry out some research on One Water and use this research to illustrate your notes or bring them to life using this SOCIAL ENTERPRISE as the main example - ONE WATER Your notes and research from lesson one can be no less than 2 pages and no more than four so send me the link when it's completed before or in next lesson.
Good luck and enjoy
Mr T
Labels:
Yr 12 L3
Tuesday, 11 July 2017
P6 Unit 1 Describe how political and social factors are impacting upon the business activities of the selected business organisation and their stakeholders
Dear Year 12
To pass this next assessment criteria in the assignment you will need to describe the influence of TWO different political environments which should include aspects selected for their relevance, from the specification such as political stability, government support, level and type of taxation, direct support inc grants and loans, providing infrastructure, education and enhanced skills of teh working population, company law, employee l;legislation, consumer protection, competition law, leaving the EU
Business activities can be read as any activities carried out by the organisation to achieve its purpose and could include the recruitment of staff, product design, transport of goods, promotion of products.
You will need to explain the influence of TWO different social environments on the business activities of the organisation.
You could select three of the most influence social features from each environment rather than attempting to explain the impact of a large range of social features including population growth or decline, ageing households and families, education and the attitude to work, attitude to male and female roles and ethics.
M3 To achieve this learners should build on P6 to explain how the organisation has adapted their activities to suit different business environments. You are not required to explain all activities comprehensively but should select at least THREE activities that have been adapted because of the POLITICAL, LEGAL and SOCIAL aspects of the business environment
For D2 you should develop their work in M3 and make justified recommendations fro the development of the business activities in the TWO different business environments
Assignment Brief
Select
at least three business activities from those you identified. You need to
analyse how each of these has changed because of political, legal and social
aspects of the business environment. For example, which of the factors are most
significant and what sort of impact are
To pass this next assessment criteria in the assignment you will need to describe the influence of TWO different political environments which should include aspects selected for their relevance, from the specification such as political stability, government support, level and type of taxation, direct support inc grants and loans, providing infrastructure, education and enhanced skills of teh working population, company law, employee l;legislation, consumer protection, competition law, leaving the EU
Business activities can be read as any activities carried out by the organisation to achieve its purpose and could include the recruitment of staff, product design, transport of goods, promotion of products.
You will need to explain the influence of TWO different social environments on the business activities of the organisation.
You could select three of the most influence social features from each environment rather than attempting to explain the impact of a large range of social features including population growth or decline, ageing households and families, education and the attitude to work, attitude to male and female roles and ethics.
M3 To achieve this learners should build on P6 to explain how the organisation has adapted their activities to suit different business environments. You are not required to explain all activities comprehensively but should select at least THREE activities that have been adapted because of the POLITICAL, LEGAL and SOCIAL aspects of the business environment
For D2 you should develop their work in M3 and make justified recommendations fro the development of the business activities in the TWO different business environments
Assignment Brief
Produce an
article which describes how political, legal and social factors are impacting
upon the business activities of the chosen multinational company and their
stakeholders. You need to look at two different political, legal and social
environments and how they influence the business activities of the company, for
example, for their businesses based in the UK and China. The article needs to
describe the influence upon, for example, recruitment of staff, product design,
transport of goods, promotion of products, etc. The article needs to include
the following:
1.
Political factors:
·
Political stability
·
Government support for different types of organisations
·
Fiscal – levels of taxation
·
Providing infrastructure -
transport, internet
·
Enhancing skills of the working population – education, training,
research
2.
Legal factors:
·
Providing framework for business – company law
·
Protecting consumers and employees – employment law, consumer
protection
·
Ensuring fair and honest trading – competition law
3.
Social factors:
·
Demographic issues – population growth or decline
·
Changes in structure – ageing
·
Attitude to work
·
Ethics
To achieve a Pass you need to describe
some important changes in the different political, legal and social
environments that are taking place and using appropriate facts and figures
illustrate the impact. (P6)
they having on the business?
What sorts of changes in business planning have resulted from these external
changes? How is the business copying with these changes? (M3)
Now you need to look at the future – what are likely to be the new
challenges facing the business? Can you find predictions and forecasts about
likely changes in the economy, possible implications of a change in government
policy, new laws that are likely to come in and changes that are taking place
in society and are likely to continue in the future? – Evaluate how these
future changes in economic, political, legal and social factors may affect the
strategy of your organisation. (D2)
Sources of Information
Bevan
J, Dransfield R, Coupland-Smith H, Goymer J and Richards C – BTEC
Level 3 National Business Student Book 1 (Pearson,
2009) ISBN 9781846906343
Company
websites, Company annual reports
Letts
– Revise AS Business Studies (Letts
Educational Ltd, 2004) ISBN 1843154242
Palmer
and Hartley – The Business Environment (McGraw-Hill,
2006) ISBN 0077109902
Worthington
and Britton – The Business Environment (Financial
Times/Prentice Hall, 2006) ISBN 0273704249
Journals
Business
Review Magazine (Phillip Allan Publishers – see
www.phillipallan.co.uk)
The
Economist (The Economist Newspaper Group Inc)
Newspapers
Daily
Telegraph, Sunday Times – especially the business sections
Websites
www.statistics.gov.uk
Official UK statistics
www.bbc.co.uk/business
BBC News
www.bized.ac.uk
Business education website including learning materials and quizzes
www.carol.co.uk
Online company annual reports
www.direct.gov.uk
Gateway to public services
www.eubusiness.com Online business information service about the
European Union
Labels:
Yr 12 L3
Thursday, 6 July 2017
P5 Unit 1 Describe the influence of TWO contrasting economic environments on business activities within a selected organisation
Dear Year 12
to achieve this task you have two options. Firstly you could select one business that has operations in two different business environments such as a UK based business that has a call centre in the Indian sub-Continent or Cadbury's that operated its R&D in the UK and yet most of its production is based in Eastern Europe.
Alternatively you could select one business from each of two different business environments. I would suggest that you will find greater differences in political and social environments and that these are going to be more interesting to research.
Similarly it could be just as interesting to look at different countries in Europe such as Poland and the UK. I don't mind which option you take provided that the differences are sufficient to create different business environments
to achieve this task you have two options. Firstly you could select one business that has operations in two different business environments such as a UK based business that has a call centre in the Indian sub-Continent or Cadbury's that operated its R&D in the UK and yet most of its production is based in Eastern Europe.
Alternatively you could select one business from each of two different business environments. I would suggest that you will find greater differences in political and social environments and that these are going to be more interesting to research.
Similarly it could be just as interesting to look at different countries in Europe such as Poland and the UK. I don't mind which option you take provided that the differences are sufficient to create different business environments
A checklist oif what should be included is below:
Your submission will address issues,
related to the UK economy and that of another country (for example Poland, and
it must include information and data on:
· The economic environment facing the business (stage of the business
cycle – recession, recovery, boom, etc.)
· GDP and economic growth
·
Levels of inflation
·
Unemployment
·
Interest rates
·
Changes in demand in economies studied
·
Changes in conditions of supply
· Global interdependence that affect the business, including the supply
chain and ownership of the business, as well as how it acquires capital for its
activities
Using the data collected
describe the influence of these two contrasting economic environments on the
business activities (such as transport of goods, promotion of products,
recruitment of staff, etc.) of your multinational company.
Use newspapers, and data from
the Internet setting out economic data. Useful websites are BBC News online,
the Business and Economy sections.
Electronic resources
www.statistics.gov.uk
www.s-cool.co.uk A-level and GCSE revision materialwww.statistics.gov.uk
Official UK statistics
www.carol.co.uk
Online company annual reports
www.eubusiness.com
Online business information service about the European Union
You should examine
the Annual report of your chosen
company Cadbury's if you have not done that already, which will be available to download from their company website, as
well as study reports in newspapers like the Guardian and the Independent
to identify current economic trends. (P5)
To get M2 at teh same time as P5 you will need to:
To get M2 at teh same time as P5 you will need to:
Provide a comparison report of the challenges to selected business
activities within the selected business in the two different economic
environments.
You need to analyse the data
that you’ve gathered for P5. You will be able to get a picture of whether GDP
and national demand are rising or falling, whether changes in interest rates
favour business or not, and so on. You then need to make sense of this data to
identify the key challenges, presented by the two economic environments. (M2)
Sources of information:
Bevan
J, Dransfield R, Coupland-Smith H, Goymer J and Richards C – BTEC
Level 3 National Business Student Book 1 (Pearson,
2009) ISBN 9781846906343
Company
websites, Company annual reports
Letts
– Revise AS Business Studies (Letts
Educational Ltd, 2004) ISBN 1843154242
Palmer
and Hartley – The Business Environment (McGraw-Hill,
2006) ISBN 0077109902
Worthington
and Britton – The Business Environment (Financial
Times/Prentice Hall, 2006) ISBN 0273704249
Journals
Business
Review Magazine (Phillip Allan Publishers – see
www.phillipallan.co.uk)
The
Economist (The Economist Newspaper Group Inc)
Newspapers
Quality
newspapers – especially the business sections
Date issued Friday 7th July 2017 Hand in date Friday 14th July 2017
Labels:
Yr 12 L3
Tuesday, 20 June 2017
P3 & P4 Unit 1
Dear Year 12
Today we start P3 & P4 for the final unit.
P3 requires you to discuss the organisational structures of the TWO chosen businesses that you talked about in P1 & P2.
You also need to comment on the PURPOSE of the structure.
Discuss if the structure is a FUNCTIONAL one, GEOGRAPHIC,
You need to have a drawn structure of each in your report and a comment on the SPAN of CONTROL that it shows.
You will need to describe the functional areas for both businesses e.g. Finance, Production, Marketing, Production, Customer Service sales and HR to PASS P3
Online Resources
Organisational structure of Cadbury's click here and look for some clues
More clues can be found at the parent company Mondalez here
Other resources on the organisational structure of Cadbury's click here
This study guide here has a few clues in it.
This 2005 guide may be useful click here
This powerpoint might help also click here
This resource points out the main functional areas that you need to discuss here
Online company annual reports www.carol.co.uk
A recent documentaty from Dispatches can be found here This along with the management structure should help you to see how the current structure has evolved click here For those still looking for an organisational structure for Cadbury's click here. Hat tip to Jake Jones for finding this on page 10. Make sure that you put this into the contect of Mondalez.
A recent documentaty from Dispatches can be found here This along with the management structure should help you to see how the current structure has evolved click here For those still looking for an organisational structure for Cadbury's click here. Hat tip to Jake Jones for finding this on page 10. Make sure that you put this into the contect of Mondalez.
M1 - Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations
D1 - Evaluate the influence different different stakeholders exert in the organisation.
(rememeber evaluation requires you to get evidence to support your points)
D1 - Evaluate the influence different different stakeholders exert in the organisation.
(rememeber evaluation requires you to get evidence to support your points)
P4 Describe the different stakeholders who influence the purpose of two contrasting businesses
Now you need to give an explanation of how
the style of organisation of the two contrasting organisations helps them
fulfil their purposes. You must include:
1. Strategic
planning for both businesses:
- describe the strategic planning process
- include mission and values
- write strategic aims and objectives – explain cascading of objectives throughout the organisation (from top to bottom):
Remember that they all vary,
depending on the type of ownership:
= private sector aims (breakeven, survival,
profit maximisation, growth);
= public sector aims
(service provision, cost limitation, value for money, meeting government
standards, growth of range of provision)
2. Describe the three major factors which influence their strategic
planning:
- stakeholders
- business environment (government actions, changes in law, competitors, state of the economy)
- business type and ownership
Once you have presented the strategic planning process in both organisations, you need to explain for both businesses how the above described organisational structures and functional areas help the businesses achieve their purpose and aims.
For example, the Human Resources department in our School helps the
school to achieve its mission for providing excellent education by employing
the best staff/teachers, who are experts in the field/subject area. By having a
relatively flat structure communication is quicker; tasks are shared with all
staff to achieve ultimate results – the success of the students.
Online resources
Labels:
Yr 12 L3
Tuesday, 6 June 2017
Investigating TWO contrasting businesses
Dear Year 12
for miost of you a Distinction is required from this 3rd and final unit from Year 12 to continue into year 13.
Can I therefore suggest that you keep up and allocate teh time that this requires this term to achieve this target and proceed.
The first assignment is broken down into several parts
Part 1 (P1) Describe the type of business, purpose and ownership of TWO contrasting businesses
We have agreed to start with Tandridge Leisure as many of you work there and its easy to get information from them. We then need to find a contrasting business and apply the list below to both as we write up our report
This should include the following:
for miost of you a Distinction is required from this 3rd and final unit from Year 12 to continue into year 13.
Can I therefore suggest that you keep up and allocate teh time that this requires this term to achieve this target and proceed.
The first assignment is broken down into several parts
Part 1 (P1) Describe the type of business, purpose and ownership of TWO contrasting businesses
We have agreed to start with Tandridge Leisure as many of you work there and its easy to get information from them. We then need to find a contrasting business and apply the list below to both as we write up our report
This should include the following:
- the business activity, size,
- Sector of production
- Business purpose
- Sector of ownership
- Type of ownership
- Main implications of this ownership type
Part 2 P2 Describe the different stakeholders who influence the purpose of our TWO contrasting businesses
- For this part we need to describe the different stakeholders who influence these TWO businesses
- Remember to explain the difference between internal and external stakeholders
- Make sure that you cover all relevant stakeholders including customers, employees, suppliers, owners, trade unions, suppliers, local and national communities, governments, media etc
- Remember not just to describe the stakeholder but say how each group of stakeholders influence the purpose of the organisation. Getting hold of financial information i.e. accounts and company reports etc will give you a good idea of who these stakeholders are specifically.
Part 3 M1 Explain the points of view of the different stakeholders seeking to influence the aims and objectives of the TWO businesses
You might notice that there is not much more to do to secure your MERIT and I've put a power point on shared to help you with this.
Part 4 D1 Evaluate the influence different stakeholders exert in one organisation.
- Who are the most influential stakeholders?
- Why do you believe that this is the case from the evidence that you have collected?
- How valid is the evidence that you have used to come to this evaluation.
- Is there enough evidence to support your evaluation?
Mr Stockley has now released the second business that you need to research. This is Cadbury's and he has the year ending 2015 company reports saved on shared. See how they compare to the 2009 accounts here and an overview of the business here
This link here to companies house will give you even more information if you need it about Cadbury's
This link here to companies house will give you even more information if you need it about Cadbury's
Good luck and do well!
Mr T
Issue date Monday 5th June 2017 Hand in date Thursday 15th June 2017
Labels:
Yr 12 L3
Tuesday, 14 March 2017
P5 Unit 2 Interpreting the contents of a P&L account and Balance Sheet
Dear Year 12
for P5 of the current Unit 2 you need to be able to interpret the contents of a Trading Profit and loss account and a balance sheet for a selected company.
To do this you will be given a profit and loss account and a balance sheet for a business and you will need to provide a written interpretation of the key elements of both and explain the purpose of each element.
To do well in this you will need to learn some accountancy terms and equations:
Financial statements - Profit and loss accounts and balance sheets in a nutshell
Equations that you are required to understand
Profitability Ratios How can these be used by the business?
Liquidity (solvency) Ratios How can these be used by the business?
Efficiency ratios How can these be used by the business?
Key terms that you are required to understand
Liquidity - measure of a firms ability to meet short term cash payments
Gross Profit - sales revenue - cost of goods sold (cost of materials used to prioduce the quantity of goods sold)
Cost of sales = opening stock plus purchases - closing stock)
Net Profit - Gross profit - other expenses (e.g. rent and advertising)
Solvency - when a business is able to pay its expenses as it has money available within the business
Debtors - customers who have purchased goods or services on credit meaning that they are in debt to the business as they owe it money.
Average stock - The opening stock plus the closing stock divided by two
To get a distinction in this challenge you really need to be having a discussion about the benefit of the Key Performance Indicators that you have calculated.
An entrepreneur running a carpet business will probably know a lot about carpets and fitting carpets but will not be an expert in accounts and reading profit and loss accounts and balance sheets.
What will the information that he or his accountant has calculated tell him about his business?
Is knowing this information better than not knowing ? Why?
Can you find any carpet industry standard accountancy ratios for the carpet industry to compare the figures that you have calculated against?
If the owner of the carpet company can compare his business ratios to other businesses in the same industry how will that help him make decisions about running his business in the future?
What would happen to the carpet business if it was not tracking its own financial performance ? Have any other carpet companies entered the market, gone bust or been bought out in the last 12 months? Who did this include and why did this happen? Were those businesses more or less efficient than the business that you have been studying?
Finally if the Carpet business was put up for sale how would the ratios that you have calculated support this ?
for P5 of the current Unit 2 you need to be able to interpret the contents of a Trading Profit and loss account and a balance sheet for a selected company.
To do this you will be given a profit and loss account and a balance sheet for a business and you will need to provide a written interpretation of the key elements of both and explain the purpose of each element.
To do well in this you will need to learn some accountancy terms and equations:
Financial statements - Profit and loss accounts and balance sheets in a nutshell
Equations that you are required to understand
Profitability Ratios How can these be used by the business?
- Gross Profit Percentage or margin = Gross Profit / turnover x 100
- Net Profit Percentage or margin = Net Profit / turnover x 100
- Return on Capital employed (ROCE) - Net Profit before intrest and tax (EBIT) / capital employed (inc shareholders fund) x 100
Liquidity (solvency) Ratios How can these be used by the business?
- Current ratios = current assets / current liabilities
- Acid Test ratio = current assets - stock / current liabilities
Efficiency ratios How can these be used by the business?
- Debtors Payment or collection period = debtors / credit sales x 365 (total number of days it takes debtors to pay)
- Creditors Payment Period or Creditor days = Trade payables / cost of sales x 365
- Stock Turnover = cost of sales / average stock (stock turnover number of times)
- Stock turnover shown in days = average stock / cost of sales x 365
Key terms that you are required to understand
Liquidity - measure of a firms ability to meet short term cash payments
Gross Profit - sales revenue - cost of goods sold (cost of materials used to prioduce the quantity of goods sold)
Cost of sales = opening stock plus purchases - closing stock)
Net Profit - Gross profit - other expenses (e.g. rent and advertising)
Solvency - when a business is able to pay its expenses as it has money available within the business
Debtors - customers who have purchased goods or services on credit meaning that they are in debt to the business as they owe it money.
Average stock - The opening stock plus the closing stock divided by two
To get a distinction in this challenge you really need to be having a discussion about the benefit of the Key Performance Indicators that you have calculated.
An entrepreneur running a carpet business will probably know a lot about carpets and fitting carpets but will not be an expert in accounts and reading profit and loss accounts and balance sheets.
What will the information that he or his accountant has calculated tell him about his business?
Is knowing this information better than not knowing ? Why?
Can you find any carpet industry standard accountancy ratios for the carpet industry to compare the figures that you have calculated against?
If the owner of the carpet company can compare his business ratios to other businesses in the same industry how will that help him make decisions about running his business in the future?
What would happen to the carpet business if it was not tracking its own financial performance ? Have any other carpet companies entered the market, gone bust or been bought out in the last 12 months? Who did this include and why did this happen? Were those businesses more or less efficient than the business that you have been studying?
Finally if the Carpet business was put up for sale how would the ratios that you have calculated support this ?
Labels:
Yr 12 L3
Thursday, 23 February 2017
P4 Unit 2 - Describe the different INTERNAL and EXTERNAL sources of finance used by a selected business
Dear Year 12
the chosen business that we will use for this is:
To do well on this you will need to:
1. Research the different sources of finance available to a business. and describe what they are: These can be broken down into INTERNAL and EXTERNAL.
External sources include
Bank loans
Overdrafts
Commercial mortgages
Leasing
Hire purchasing
Debt factoring
Internal (personal) sources
Owners fund or own savings
Family and friends
Retained profits
Equity or share ownership
Share capital (PLC & LTD)
Venture capital
Business Angels
2. For each explain the advantages and disadvantages
3. You then need to explain if this source of finance is appropriate to the chosen business and if so what would / could it use it for?
Business Context - think about this mobile Pizza Business here to apply your theory to. Which sources could Pizza Federicchi use to run his business?
Part one of two - Fede talks finance and gives start up business advice to year 12 BTEC Business
Part two of two
A list of the sources is clearly not acceptable as evidence for P4. The sources should be relevant to the chosen business explained by the guest speaker and captured here above..
Assignment issue date: 3/03/2017
Assignment submission date: 10/03/2017
the chosen business that we will use for this is:
To do well on this you will need to:
1. Research the different sources of finance available to a business. and describe what they are: These can be broken down into INTERNAL and EXTERNAL.
External sources include
Bank loans
Overdrafts
Commercial mortgages
Leasing
Hire purchasing
Debt factoring
Internal (personal) sources
Owners fund or own savings
Family and friends
Retained profits
Equity or share ownership
Share capital (PLC & LTD)
Venture capital
Business Angels
2. For each explain the advantages and disadvantages
3. You then need to explain if this source of finance is appropriate to the chosen business and if so what would / could it use it for?
Business Context - think about this mobile Pizza Business here to apply your theory to. Which sources could Pizza Federicchi use to run his business?
Part one of two - Fede talks finance and gives start up business advice to year 12 BTEC Business
Part two of two
A list of the sources is clearly not acceptable as evidence for P4. The sources should be relevant to the chosen business explained by the guest speaker and captured here above..
Assignment issue date: 3/03/2017
Assignment submission date: 10/03/2017
Labels:
Yr 12 L3
Tuesday, 24 January 2017
P3 M1 D1 Unit 2 Describe the main physical and technological resources required in the operation of a selected organisation
Dear Year 12
This next piece of coursework will require you to write a script for an article that you will record on camera.
The video will look at a description of the
main physical resources required in the operation of Oxted School and how the IMPROVEMENTS have added to the quality of school life and the results that we have achieved. As resources are limited the school has to make decisions and prioritise where its money should be spent. Should it issue everyone an ipad, how important is it that they upgrade the toilets. Your script should as a minimum requirement include the main:
Part 1. The PHYSICAL RESOURCES:
· Buildings
and facilities including Sports Hall, Main Hall, Eden Hall and Old Hall and the astro-turf and outdoor pool.
· Consider how we deal with materials and waste
· Plant
and machinery such as boilers and heating, lifts, mini busses
· Equipment
including ICT suites and departmental computer rooms, reprographics and the follow me printing facility that can be retrieved from central collection points
· Planned
maintenance and refurbishment including sheds, public toilets
· Emergency
provision in the case of fire evacuation, bomb threats and terrorist attacks resulting in a lock down including alarms, meeting points and signage as well as the different fire fighting equiptment thta the school has installed.
· Insurance - public liability cover, the extent of it and the costs to provide
You should also consider the security requirements for staff and sixth form
students, secure access points from the front and rear of school
including car parks
students, secure access points from the front and rear of school
including car parks
Part 2 A description of the main technological resources required in the operation of the organisation:
· Are there any Intellectual
property considerations with regard to unique school resources: exam board resources, software applications which requires license agreements
· Accumulated
experience and skills - reception, library, site services and mechanical engineering.
· Software
licences for main IT network and how the PCs requiring certain software packages may be deployed and re-deployed e.g. Photoshop etc
· A consideration of the website and the learning platforms that it incorporates such as FROG, My Maths, Weekly bulletins and newsletters
Examples of previous learners work can be seen here and here
Examples of previous learners work can be seen here and here
For M1 you need to EXPLAIN how the management of human, physical
and technological resources can improve the performance of a
Use examples of good
management of the resources, timetabling, room allocation and booking system, departments all allocated in the same area or building, department and faculty bases, faculty IT resource areas, refurbishment of toilets and child protection requirements of open planned facilities and how that contributed to the
success of the
organisation. The organisation to investigate will be Oxted School.
Evidence submitted will be a video with both pairs contributing to the filmed content and editing of the captured images. This video when edited should be approx 10 minutes long. A good approach would be:
1. Start by giving a definition of what each represents.
2. Explain how this relates to Oxted School.
3. How the management of these resources can improve the performance of Oxted School
M1 Explain how the management of human and physical and technological resources can improve the performance of a selected organisation
1. Start by giving a definition of what each represents.
2. Explain how this relates to Oxted School.
3. How the management of these resources can improve the performance of Oxted School
M1 Explain how the management of human and physical and technological resources can improve the performance of a selected organisation
Discuss how well these resources are managed and how good management of resources can improve the performance and efficiency of a business. Most school need to make things last but making them last and still be effective is different to letting them become obsolete. Sadly funding in schools does not always allow resources to be depreciated over five years like in most businesses. How can this be a disadvantage. How can some school have better facilities than others. How does this play a part in a school being oversubscribes. What resources do you think have been managed well. What resources are sadly in need of some investment. How can the school manage these resources better? What creative solution can they come up with to help support this?
D1 Evaluate how managing resources and controlling budget costs can improve the performance of a business
To meet the distinction criteria you should assess the relative merits of the methods of managing resources and to decide on how effective these methods are in improving the performance of the chosen business, Oxted School.
- How much is outsourced and is this a profit share or management contract?
- Is there a planned maintenance schedule for things like huts and outbuildings?
- Is there a planned replacement schedule for minibuses or are these bought outright by the school and if so how are they funded?
- How can the school source extra funding for capital expenditure such as the toilets?
- How long can a school keep old IT equipment upgraded and whats the alternative for replacing this in the short and medium term.
- Schools in Thai land ask Alumni to sponsor / provide budgets for new facilities and equipment. Would that work here?
- Private schools encourage parents and families to get involved and gift, donate and give up time to save on budgets so that the school,can use this as an additional resource to manage and maintain assets. Could Oxted do more of this? Would families do more?
- Oxted school has an annual sponsored walk to add some additional resources to existing equipment. In the past minibuses, shelters have all been financed in this way. Could Oxted School find more ways to fund resources that it requires and if so what would you suggest?
This was the first submission that we received on teh deadline date last Friday. Click here
Deadline date: P3 M1 D1 Friday 24th February 2017
Labels:
Yr 12 L3
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