tutor2u Business Studies Blog

Business Revision Workshops - Latest Availability

Saturday, January 14, 2012

We are often asked how many places are left on our popular revisions workshops. So we’ve created a widget which shows you the latest seat availability!  The details for the next series of revision workshops is shown below.  It is updated each time our office processed a new or amended booking, so it provides an up-to-date overview of the remaining places.

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tutor2u launches revision workshops for GCSE Business Studies

Following a large number of requests, we have decided to launch a programme of our popular cinema-based revision workshops for GCSE Business students.  The initial programme takes us to two venues…

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Making Finance Fun 2012 - CPD Course (London)

Friday, January 13, 2012

First details here of a new CPD course from the tutor2u team, which we’re running for the first time on 20 June 2012 in central London.

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AQA & Edexcel GCSE Business Controlled Assessment 2012 - CPD Support Course

A date for your diaries in April 2012 if you teach AQA or Edexcel GCSE Business Studies.  We are running CPD days in Manchester (19 April 2012) and London (20 April 2012) to support teachers preparing and supervising their GCSE Business students as they tackle the 2012 controlled assessment tasks. A separate course is being run for both the 2012 AQA and Edexcel controlled assessments.  Each course will run from 10.30 a.m. until 2.30 p.m. including lunch.

Places on the courses will be limited, so please make a provisional booking as soon as possible.  Places can be booked online here:

https://tutor2u.wufoo.com/forms/gcse-business-controlled-assessment-support-cpd/

GCSE Business Controlled Assessment - 2012 Survey

Thursday, January 05, 2012

We are gathering the opinions of colleagues and departments who offer GCSE Business Studies about the Controlled Assessment.  If you teach GCSE Business Studies, please take 5-10 minutes to provide us with your views using the following survey form:

https://tutor2u.wufoo.com/forms/gcse-business-controlled-assessment-survey-2012/

Edexcel GCSE Business Studies Unit 3 Meeting Customer Needs Zondle Quiz

Monday, January 02, 2012

Here’s another Zondle Quiz, based around Section 7 of the Edexcel GCSE Business Studies specification.  There are a couple of games embedded below, but the quiz is also publicly available at Zondle’s website where you can choose from a wider variety of games.  Enjoy, and Happy New Year to all.

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Zondle Quiz Edexcel GCSE Business Studies Unit 1 Section 3 Putting an idea into practice

Monday, December 12, 2011

I have been writing a Zondle Quiz after each section of Edexcel GCSE Business Studies, but for the latest one I set my students the challenge of writing me some questions and answers that I could use to create a quiz.  I used some of the best ones to produce this….

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Q&A Rapid Revision Guides for Business & Economics

Thursday, November 10, 2011

Our series of Rapid Revision Q&A Guides is now extended to 14 units covering a range of Business Studies and Economics specifications.  Details below of the current range and how to order:

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Revision Quiz - Market Research for a Business Startup

Thursday, October 13, 2011

This new revision quiz looks at how a startup can undertake market research.  There are over 20 questions in the quiz bank for this topic and each time you run the quiz 10 questions are selected at random.

Launch Revision Quiz - Market Research for a Business Startup

Problem for Pupil - PEST Solution

Tuesday, October 11, 2011

Entrepreneurs are risk takers, they spot gaps in a market where customers’ needs are left unfulfilled. They have to balance cash flow management against overstocking, anticipate the likely responses of intelligent rivals and the capricious behaviour of external regulators or governments.

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Lesson Worksheet - Stakeholders in a Business

Thursday, October 06, 2011

This lesson worksheet addresses the key topic of stakeholders in a business.  Who are the internal and external stakeholders?  What is the difference between shareholders and stakeholders?  To what extent might stakeholders have different and conflicting objectives?

Download lesson worksheet on stakeholders

GCSE Edexcel Business Studies Unit 3 Section 6 Marketing Quiz

Thursday, September 08, 2011

Many thanks to Ian Pryer for providing these revision questions for . The questions can be played in a variety of game formats - three are provided here…

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Entrepreneurs and Calculated Risks

Thursday, August 25, 2011

Over the summer I have been re-reading the new Smarta Business book which is packed full of practical, real-life advice on starting a business from 100 top entrepreneurs. 

I came across a whole section on a topic which we were discussing with students at our revision workshops recently - the need for entrepreneurs to take “calculated risks”.  The term calculated risk actually appears in the excellent Edexcel GCSE Business (Unit 1), but students don’t all find it easy to understand what it means.

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Revision game - Edexcel GCSE Business Unit 1 Section 1

Friday, July 29, 2011

Many thanks to Ian Pryer for providing these fun revision questions which cover section 1 of Edexcel GCSE Business Unit 1…

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20-20 Revision for GCSE Edexcel Year 10

Tuesday, May 10, 2011

When I attended The Best Business Lesson Ever (TBBLE) last September, one of my favourite resources of the many I came away with was Michelle Stephenson’s 20 20 Cricket based quiz.

Here is a version I have put together for Year 10 students approaching their Edexcel Unit 1 Introduction to Small Business exam in May.  You will need to create a folder (which you can name as you wish) to which you can save the files.  However, you must not change the names of the individual files at all or the links in the powerpoint will not work.

Download the Edexcel Unit 1 2020 cricket game here:

More 20-20 Revision - GCSE Edexcel Unit 3/Year11

I previously shared a version of Michelle Stephenson’s excellent 20-20 cricket game, relevant to Unit 1 GCSE Edexcel Business Studies.

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Is the role of inflation over inflated?

Wednesday, March 30, 2011

Credit here to Ben Phipps and Sam Udeshi at Chauncy School, Ware, for highlighting this great graphic and short article about how the actual prices of a range of goods and services compare with what their price should be when adjusted in line with the RPI since 1981. It shows how some products are cheaper than inflation trends suggest they should be, whereas leisure based items are noticeably higher.  Can students explain possible reasons for this?

Revision games - Marketing Basics (True / False)

Wednesday, February 16, 2011

Try these true/false revision games which provide 20 questions on the basics of the marketing mix each time you play…

Commodity prices in action - soaring Copper

Sunday, February 06, 2011

The Edexcel GCSE business unit 1 specification makes clever use of commodities as a way of introducing students to the core concept of how prices are determined by fluctuations in demand and supply.  This article in the Telegraph provides a topical example of how the price mechanism is operating to push the global price of copper skywards…

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Insights from an Entrepreneur - Kirsty Henshaw (Worthenshaws)

Saturday, January 08, 2011

This fantastic Smarta interview features Kirsty Henshaw, one of the entrepreneurial stars of 2010, who wowed the Dragons with her frozen desert Worthenshaws Freedom. Kirsty is joining us at the Business Teacher National Conference 2011 on Thursday 30 June and it will be lovely to hear how her business has developed since this interview.  Kirsty’s story is perfect as a case study for all business spec units covering the essentials of enterprise and entrepreneurship.

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Introducing the “austerity” entrepreneurs

Tuesday, January 04, 2011

It is often said that enterprise thrives in adversity.  Many successful and exciting businesses are born in a downturn.  This feature article in the Independent provides some terrific examples of how the entrepreneurial flame burns bright amongst people who have been let down by the traditional employment market,

The underlying theme of each of the entrepreneurial stories told in the article is that of grasping opportunities.  That involves hard graft, persistence and an unwillingness to admit defeat.  Students should read these stories and learn.  Hopefully they will also be inspired!

Lesson activity - business organisation basics (matching)

Saturday, January 01, 2011

This series of matching activities which can be used to consolidate knowledge of key terms relating to business organisation.  The activities have different numbers of terms to match, ranging from 10 terms to 25.  The worksheet with 10 terms is a little easier, as well as shorter, than the 25-term challenge…

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Lesson activity - people basics (matching)

This series of matching activities uses a list of core people management terms. Select activities which range from just ten terms (quite easy) to 25 terms (more time required & a little harder!)

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Lesson activity - operations basics (matching)

We’ve picked out 20 popular production & operations terms from the main GCSE exam specifications for these matching activities.  The activities have different numbers of terms to match, ranging from 10 terms to 20.  The worksheet with 10 terms is a little easier, as well as shorter, than the 20-term challenge…

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Lesson activity - marketing basics (matching)

This series of matching activities which can be used to consolidate knowledge of core marketing terms.  The activities have different numbers of terms to match, ranging from 10 terms to 25.  The worksheet with 10 terms is a little easier, as well as shorter, than the 25-term challenge…

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Lesson activity - basic finance (matching)

Here is a series of three matching activities which can be used to consolidate knowledge of key terms in business finance.  The three activities have different numbers of terms to match, ranging from 10 terms to 25.  The worksheet with 10 terms is a little easier, as well as shorter, than the 25-term challenge…

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Can this start-up win with pay-as-you train gym membership?

Wednesday, December 29, 2010

At our recent AQA BUSS1 revision workshops we had a session looking at the viability of the business concept behind The Gym - a growing chain of low-cost, no frills fitness clubs.  According to this article on BBC Scotland it looks like the health club market is set for further challenges from new entrants. 

one of the new entrants to the market is payasUgym.  The payasUgym programme is due to launch at the start of 2011 and will let customers visit a network of clubs without having to pay membership fees.  Gym-goers will “load” cash onto an online account which can then be used at various fitness centres.  The easyJet entrepreneur Sir Stelios Haji-Ioannou is also said to planning to launch a budget fitness club in 2011 with monthly-only contracts costing as little as £15-a-month.

The payasUgym concept is an interesting one in that it utilises the existing capacity of the UK health club sector.  The business is avoiding the need to raise the significant capital required to build health clubs.  It is simply acting as a marketing channel for existing clubs.  How sustainable is that business model?  if a customer finds and uses a local gym that he/she really likes, what is to stop that gym from trying to recruit the member away from the payasUgym organisation?  Students ought to be be able to identify other potential upsides and issues with this business model.  A good one to analyse!

New insights into the UK franchising sector in 2010

Tuesday, December 21, 2010

I last looked at the size and structure of the UK franchising sector back in 2008 when several exam boards added franchising to their new business specifications.  In subsequent exam papers it is clear that the examiners like franchising too - not surprising given how relevant franchising is to key topics such as generating a business idea, financing a startup, choosing a growth strategy, branding etc.

I have revisited my sources this week and picked up the latest statistics on UK franchising which I have summarised below.

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Video case study - enterprise at the sharp end

Saturday, November 27, 2010

Market trading.  You’ve seen it on various tasks on The Apprentice.  And the value of sales at the UK’s 1,000+ outdoor markets is estimated at over £3.6bn.  So perhaps it is not surprise that increasing numbers of people are looking to make their first step into enterprise by setting up a stall in a local market.  The problem is that running a viable market stall is no easy task.  The typical customer at a local market is feeling the pinch and you also need to develop some sharp entrepreneurial skills to make the stall a success.

This excellent three minute video from Jenny Hill of BBC Breakfast takes us behind the scenes at a market in the Midlands to meet some of the experienced traders.  Can a new training scheme help budding entrepreneurs make their fledgling businesses a success?

Starter Activity - i-Teach

Monday, November 01, 2010

Research shows that we retain around 90% of what we actually teach. Indeed,  Confucius said, “I hear and I forget. I see and I remember. I do and I understand.” Based on this concept is an extremely simple and engaging teaching strategy that works brilliantly as a lesson starter…

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