IGCSE & A LEVELS GUIDE

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 6 - Motivating Workers Lesson Objective: To understand the importance of having a motivated workforce Motivation are the factors that influence the behavior of workers towards achieving objectives! What do you think motivate people to work? Money is indeed a motivator ! There are, however, other motivators out there that are not necessarily money : Job security; How interesting the work is (task variety); Promotion opportunities; Training; Responsibility (decision-m

Chapter 26 - Business and the International Economy Learning Objectives: To understand the impact of exchange rate fluctuations in businesses Do you know what is the exchange rate? Simply put, the exchange rate is how much one country's currency is worth it of another country's currency. Let's try to understand with an example (February 11, 2022): ₮ 1 is the equivalent of USD 0.0003. - In other words, ₮ 1 is worth it a lot less than USD 1 USD 1 is the equivalent of ₮ 2,765.34

Chapter 26, Business and The International Economy Learning Objective: To understand the problems of hosting MNCs in your country It's not hard to think of the many benefits MNCs can bring to a host country : It is important for us to consider, however, that MNCs can also bring a variety of drawbacks to their host countries . Let's look into how this comes to happen: - Increased Competition: While competition can be beneficial for lower prices and higher quality, MNCs can le

Chapter 5 - Stakeholders in Business Lesson Objective: To understand what are stakeholders and what are their interests towards the business It may seem weird to you but there is a type of business out there which objectives are to benefit the society more than anything else - they are called social enterprises: As you can see, social enterprises also target profit! However, the intention of making profit is different than most businesses: instead of distributing it to sh

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 26, Business and The International Economy Learning Objective: To understand the differences and impacts of tariffs and quotas Today we will start diving in to tariffs , quotas , and how governments try to attract multinational companies as well as the benefit they bring to a country's economy . Tariffs are nothing but taxes to be paid on imported or exported goods: - Governments choose to increase tariffs on imported goods so that the price of imported goods is hi

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 5 - Business Objectives and Stakeholder Objectives Learning Objectives: To understand the various business objectives Plans,...

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

Chapter 26, Business and The International Economy Learning Objectives: To understand the impact of globalization on business activity...

Chapter 25, Environmental and Ethical Issues Learning Objective: To understand how businesses overcome pressure groups and manage to be...

Chapter 25, Environmental and Ethical Issues Learning Objectives: To understand how business activities generate external impacts When...

Chapter 4 - Types of Business Organization Lesson Objective: To understand franchises and joint-ventures A very common business structure...

Motivation is the desire of workers to see a job done quickly and well: By meeting their individual objectives, motivated workers drive...

Chapter 10 - Human Resources Management Learning Objective: To further explore HRM responsibilities To continue with the many...

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 10 - Human Resource Management Learning Objective: Understand various responsibilities of the HRM There are different reasons why...