IGCSE & A LEVELS GUIDE

It is important for businesses to keep financial (accounting) records . It helps answers some basic questions about the business operations: Did the business make a profit/loss? - It's a measure of performance and an important information for governments, shareholders, managers... How much do we owe our suppliers? - If not paid on time suppliers may decline serving the business; How much are owed by customers? - Carefully tracking trade receivables to avoid cash-flow proble

Chapter 28 - Operations Strategy Learning Objective: Operations Planning and Critical Path Major strategic Operations decisions involve major projects : Relocation; Factory expansion ; Change in production/operations methods; Setting up a new IT system ; Installing new machinery. One of the most costly elements of a major project like these has to do with unused or under-used resources (e.g. stocks, idling machinery or labor). Such wastes happen due to different tasks bein

Chapter 28 - Operations Strategy Learning Objective: To understand Lean Production techniques Lean Production is all about producing goods and services with the minimum of wasted resources while maintaining high quality: There are 8 main sources of waste in most industries: Excessive transportation of components, products, and raw materials; Excessive inventory ; Excessive workforce movement reaching for supplies and components; Waiting times caused by delays; Overproducti

Chapter 28 - Operations Strategy Class Objective: To understand the many changes and possible strategic decisions regarding Operations Management Operations Strategic Decisions are also multi-departmental: they require the analysis and will impact various facets of the business. Think of the following Operations Strategic decisions : Expanding or reducing capacity; Locating or relocating a business; Offshoring or reshoring; Outsourcing; Changing operations (production) met

Chapter 27 - Quality Management Learning Objective: To understand benchmarking as a method of quality management Benchmarking is the practice of identifying the best companies in the industry and comparing its performance standards. Benchmarking makes it cheaper and quicker to solve quality problems than if no external comparison were to be made; It helps identifying areas for improvement and therefore helps businesses to focus and direct their efforts; It encourages cross-o

Chapter 27 - Quality Management Learning Objectives: To understand quality control, assurance, and TQM. In your opinion, what is a...

Chapter 26 - Location and Scale Learning Objective: To further understand location decisions and economies/diseconomies of scale You now...

Chapter 26 - Location and Scale Learning Objective: To understand the factors impacting location decisions One of the most important...

Chapter 22 - Marketing Strategy Learning Objective: To understand the different methods of entering international markets Now that we...

Chapter 22 - Marketing Strategy Learning Objectives: To understand pan-global and global-localization approaches to international...

Chapter 22 - Marketing Strategy Learning Objectives: To understand the different impacts of technology on Marketing As you may have...

Chapter 22 - Marketing Strategy Learning Objective: To understand the Marketing Plan There are mainly two types of markets : consumer...

Chapter 21 - Marketing Analysis Lesson Objective: To understand the importance and methods of sales forecasting Sales Forecast is the...

Chapter 21 - Marketing Analysis Lesson Objective: To understand the importance of R&D and new product development In many industries it...

Chapter 21 - Marketing Analysis Learning Objective: To understand the different factors impacting elasticity of demand I hope you...

Chapter 16 - Human Resources Management Strategy Learning Objective: To understand additional methods of flexible working; to understand...

Chapter 16 - Human Resources Management Strategy Learning Objective: To understand the differences between hard and soft HRM Human...

Chapter 15 - Leadership Learning Objectives: To understand the many characteristics and roles of leaders. Leadership involves setting...

Chapter 9 - Corporate Planning and Implementation Class Objective: To understand the stages of change management The relationship between...

Chapter 9.2 - Corporate Planning and Implementation Lesson Objective: The difficulties in changing Corporate Culture Strategic...