TBBLE - The Best Business Studies CPD - Ever!

Four final chances to join us for TBBLE 2014! Resource-packed CPD for Business!!

BIRMINGHAM    |   LONDON   |   MANCHESTER    |    BELFAST

Business Studies Resources Popular resources on the {my channel} blog Resource tags for the blog RSS Feed for the blog Twitter feed for this blog Teacher Email Resource Newsletter Category listing for this blog Business Studies Blog Home Page

Organisational Culture: Factors influencing the Culture of an Organisation and Cultural Differences

Sunday, May 25, 2014

We've summarised below some key points that students should consider when revising the the factors influencing the culture of an organisation and cultural differences within an organisation:

read more...»

Examples of Compare and Contrast for BUSS4 Section B Topics

Here are some “compare and contrast examples” that you might use as the basis for evidence to support the analysis developed in paragraph points in a BUSS4 Section B essay.

You'll need to dig just a little deeper into these examples to gain sufficient detail for your answers (though not too deep - beware storytelling!).

As you finalise your research, try to find some more pairs of examples that can be used to compare and contrast. And also consider how the evidence you gather can be used to help support the analysis you develop at the start of each paragraph point.

read more...»

Organisational Culture: Tony Hsieh on Zappos, Core Values, Culture and Organisational Structure

If students are looking for a research example of a business that is truly built around a deliberate attempt to create and nurture a strong organisational culture, they need look no further than online shoe retailer Zappos.

Tony Hsieh - the founder of Zappos (bought by Amazon in 2009) wanted to build a business based around a simple idea. That it - if you get the organisational culture right - then everything else that you need to be successful will fall into place.

Is he right?

read more...»

New A Level Business Specifications - Order Your Free Department Briefing

Thursday, May 22, 2014

The exam board specifications for the new linear A Level in Business and new AS Level in Business will be published very soon.

Each exam board will publish the full specification for each qualification (A Level Business & AS Business) together with specimen assessment materials (exam papers and mark schemes) for each of the new units.

The new specifications are required to comply with the recently-published Ofqual subject content criteria which lay out the core content that must comprise at least 60% of each specification. Ofqual has also identified an extended range of quantitative skills which must also be included in the new specifications.

For all exam boards, the new A Level and AS in Business represents a significant change and we are aware that many centres are taking this opportunity to review which exam board will be most suitable for their students.

As a support to all centres intending to offer A Level Business and AS Business from September 2015, tutor2u is producing a comprehensive free report that analyses each of the new specifications. The report, published in early July, will include:

  • A summary of the key changes for each exam board compared with their existing specifications;
  • Comparison of the way in which the Ofqual 60% subject content is covered by the specifications;
  • Analysis of how the extended requirement for quantitative techniques are incorporated
  • An overview of how each new specification differs in terms of assessment, unit structure and content outside the Ofqual core;
  • Analysis of extent to which the AS specification is co-teachable with the linear A Level
  • Our overview of suggested ways in which existing teaching & learning resources can be adapted for effective use from September 2015
  • Our overall opinion on the relative merits of each specification.

We have invited each of the exam boards to contribute to the briefing report by way of answers to a set of consistent Q&A which will further help centres inform their choices.

You can order your free print and/or digital copy of the New A Level in Business - Specification Briefing from our online store now. 

We will despatch the report to you as soon as it is complete

Developing BUSS2 Exam Skills - Application and Analysis

Wednesday, May 21, 2014

At the recent exam coaching workshops one of many case studies we looked at was Loake Shoes.

Loake was established in 1880 and are known for their range of fine, handmade shoes. A pair of Loake English Brogues takes around 8 weeks to make from start to finish and involves over 135 craftsmen. The average price of a pair of Loake brogues is around £200 which is justified given the reputation for fine, handmade shoes.

So, let us use the above information to look at how we can move from reasonable application and reasonable analysis to good.

Lets assume that in order to reduce the time it takes Loake to make a pair of shoes the business is considering introducing more technology into its operations, automating some of the shoe making process.

A typical question based around this might be:

Analyse the consequences to Loake of introducing more technology into its operations

Student A

'Introducing more technology into the business could damage the business as the business is known for producing a handmade product which will result in fewer units being sold if products are not produced this way'

From the above, we can see that this has been answered from a very theoretical perspective. There is no real application and the analysis is only reasonable in so much that the arguments aren't really developed and the argument doesn't really explain HOW or WHY fewer units will be sold.

Student B

'One consequence of introducing more technology into Loake is that Loake are known for producing fine, handmade shoes and as such have developed a unique selling point allowing the business to charge £200 for a pair of shoes (here, data has been combined). Consequently, the use of more technology may mean that the reputation that Loake has established since 1880 could  be ruined which may result in Loake struggling to justify the £200 price tag in addition to the possibility of lower sales as fewer customers may want to buy their shoes if they aren't produced in the traditional way that Loake are famous for'

Here, we can see that the answer is completely in context, combines data and has a coherent and multi-stage argument.

Simples.....

Developing Exam Skills - BUSS2 Top Tips

BUSS2 is a challenging paper given that you have two case studies to tackle. In addition, with the paper being 80 marks and 90 minutes you are advised to spend no more than 5 minutes on each case study. Many students don't finish the last question and given that BUSS2 is worth 30% of your entire A level, this lapse in exam technique MUST be avoided.

So, what are my top tips? Here we go...

read more...»

TBBLE 4 (2014): Final Summer Dates!

Tuesday, May 20, 2014

TBBLE (The Best Business Lesson Ever) 2014 returns in the Summer with dates in Birmingham (11th June), London (12th June), Belfast (24th June) and Manchester (27th June). 

The format for the day is simple; a fantastic range of resources, ideas and teaching and learning strategies that can be immediately used within the Business Studies classroom - all with the aim of helping teachers deliver more creative and engaging Business Studies lessons

The feedback from the events so far has been fantastic and below are just a couple of the comments made by delegates who attended TBBLE 4 earlier in the year.

'The TBBLE course provided a great source of inspiration and ideas which I was keen to re-invent back in the classroom asap. Students have particularly benefited from the analysis/linking up of concepts material.' (Miss Anne Kirby)

'A fantastic course! Full of lots of useful ideas which I am now using in the classroom. The course was delivered by brilliant presenters who's enthusiasm was inspiring. The resources are great too. Highly recommended' (V. Garlick)

Details of how to book onto TBBLE can be found here

Below are some pictures of TBBLE in action

Back in the classroom at Queen Elizabeth Sixth Form College in Darlington

Monday, May 19, 2014

On Friday I was delighted to deliver two exam skills sessions to the AS and A2 Business Studies students at Queen Elizabeth Sixth Form College in Darlington

I spent 90 minutes with the AS students and then after break a shorter 60 minute session with the A2 students.

The focus of both sessions was to look at techniques and strategies to develop application, analysis and evaluation in an exam context with a particular focus on BUSS3 with the A2 students.

Part of the AS session involves students completing a stepping stones activity in groups using the BLT with such as seasoning approach (a blog on this technique can be found here) to help achieve GOOD analysis and GOOD application. It worked!

I was made to feel extremely welcome and would like to wish the students every success in their forthcoming exams smile

AQA AS Business (BUSS1) - Exam Basics

Sunday, May 18, 2014

This short, simple revision presentation contains some summary thoughts about potential application, analysis and evaluation points which students might use effectively in their BUSS1 exam answers.  

The critical thing to remember is that all answers to BUSS1 questions need to be in context - refer to the story and circumstances of the startup business in particular.

If you need to top up your BUSS1 subject knowledge:

Work through these revision presentations

Try some BUSS1 revision quizzes

Buy our BUSS1 revision guide!

read more...»

The surprising effects of Barclays retrenchment and Dixons merger

Friday, May 16, 2014

2 perfectly contrasting and counter-intuitive articles that show how “the markets” can favour retrenchment over growth.

Barclays announced it was slashing 19,000 jobs and reducing the size of its Investment bank. The immediate result? Share price surged 8%.

Carphone Warehouse announce a £3.8bn merger with Dixons that will “create a seamless experience” for their customers. The result? Dixons share price closed 10% down and Carphone Warehouse’s dropped by 8%.

By comparing and contrasting the 2 strategies (and the reasons for the resultant change in share price) students can show good analysis of the benefits of retrenchment.

Anthony Jenkins, in an interview in the Sunday Times, said it best by echoing/paraphrasing/plagiarising Howard Schultz after he closed almost 1000 Starbucks stores in the US - “Growth is not a strategy, it’s the by-product of good strategy”.

I hope the revision is going well!

Women make better shoppers

Thursday, May 15, 2014

It's official - women are better at shopping than men. I have just finished listening to a brilliant edition of Peter Day's 'In Business' called Price Conscious, and one of the revelations was that men can be fooled into thinking they are getting a bargain simply by using red price stickers, whereas women are much more analytical about pricing and can look beyond the colour used on a label. Far be it from me to comment on this any further.....

read more...»

Developing BUSS3 Exam Skills - Look beyond the theory

A business has an acid test ratio of 0.2:1.

On the face of it this spells disaster. The business only has 20p of current assets minus stock for every £1 of current liabilities. The business may have difficulty meeting its short-term payments and may struggle to raise finance due to its inability to pay its debts. That's the theory anyway.

But this business is Wal-Mart. This information paints a completely different picture.

Wal-Mart is the worlds largest retailer and as such has most of its current assets tied up in its inventory (stock). High inventory is crucial for Wal-Mart because if they do not have an item in stock customers will simply go elsewhere. In addition to this Wal-Mart is a cash generating business and due to its size and scale able to negotiate extremely favourable credit terms.

For Wal-Mart, an acid test ratio of 0.2:1 poses no problems.

This example illustrates one of the key exam skills needed to succeed in BUSS3 which is application.

Look beyond the theory and apply your knowledge to the business you are writing about.

Back to School at Queen Elizabeth School Hexham!

Yesterday I visited the Queen Elizabeth School in Hexham to deliver a couple of sessions on exam technique to the AS and A2 students. Both sessions were an hour and we looked at different techniques and strategies to help develop the key exam skills of application, analysis and evaluation.

Each session started with a quick game of Thinking Skills Bingo to re-cap core content with several A2 students getting a 'full house' in ratio bingo.

We then looked at some other key techniques such as stepping stones, a 'BLT with 'such as' seasoning', balloon analysis and some strategies to help ensure decisions within evaluation questions are well supported as well as a couple of other teaching and learning strategies.

I had a great day and I'm looking forward to another school visit in Darlington tomorrow smile

Is China’s slowdown good news?

There is plenty of concern about the slowdown in China's growth, and what this might mean for businesses looking at expansion via China. To what extent should those businesses be worried about slower growth? The issues here are very relevant to the external environment in China, and could be useful for bullet points 1 and 6:

read more...»

Annual Sales revenue for major global businesses - ‘Higher or Lower’ resource

Monday, May 12, 2014

In true tutor2u style, here we have an adapted resource that asks students to decide whether the annual sales ($bn, 2013) of one major global brand is 'higher' or 'lower' than another.  The original resource was an economics activity comparing the GDP growth of different countries (available from this link).   

This resource has been compiled by Paul Hoang, using data from Fortunes Top 100 companies.  It is an interactive Powerpoint game that asks students to string together as long a sequence of correct answers as possible (the highest possible score is 36).  The screen shows one business and its annual sales revenue for last year and then shows the name of a second business.  The student has to say whether they think the annual sales revenue of the second company is higher or lower then that of the first business.  Answer correctly they are offered another business to compare.  Answer incorrectly, the student is 'out' and someone else can be invited to play.

This is a fun, interactive resource that gives students an insight into the relative sales figures of some of the world's major companies.

Click this link to download the resource.

Exam Technique Classic: Evaluation in 2 Words

It all started when one of my A2 students asked me today: “How do you get full marks for evaluation?” in relation to a BUSS3 Question 4 (the 34 marker)

It can be summed up in 2 words:

RELATIVE SIGNIFICANCE

(Just a note that the examples given are BUSS3 related but could be applied to any evaluation question in BUSS1 or 2 also)

read more...»

Revision Quiz - Retrenchment

Sunday, May 11, 2014

The strategy of retrenchment is covered in this revision quiz

Launch Revision Quiz - Retrenchment

To update your knowledge and understanding of retrenchment, have a look through this revision presentation

Revision Quiz - Porter’s Five Forces Model

Test your knowledge and understanding of Porter's Five Forces model with this ten-question revision quiz:

Launch Revision Quiz - Porter's Five Forces Model

You can update your studies of this important model by looking through these support resources:

Revision presentation on Porter's Five Forces Model

Study note on Porter's Five Forces Model

Revision Quiz - Strategy Models

Here are 15 multiple-choice questions that test your knowledge and understanding of the key strategy models used in A2 business

Launch Revision Quiz - Strategy Models

Revision Quiz - Business & the Environment

Try these revision questions on the environmental issues facing business

Launch Revision Quiz - Environmental Issues

Revision Quiz - Business Ethics

This revision quiz provides 10 questions on Business Ethics.

Launch Revision Quiz - Business Ethics

Revision Quiz - Takeovers and Mergers

Saturday, May 10, 2014

Try these 10 revision MCQs on takeovers and mergers as part of your A2 business studies revision

Launch Revision Quiz - Takeovers and Mergers

Revision Quiz - Globalisation

Try these ten MCQs on the topic of globalisation.

Launch Revision Quiz - Globalisation

FIAT or FIAL?

Friday, May 09, 2014

FIAT is synonymous with the city of Turin, (Fabbrica Italiana Automobili Torino), but today it announced that its corporate HQ would be in London.

Fabbrica Italiana Automobili Londra doesn't have quite the same ring. 

read more...»

Replicating the stress of an exam to show the importance of planning.

“If I had 8 hours to cut down a tree, I’d spend 6 hours sharpening my axe”

Abraham Lincoln

“The battle is won before the battle is fought”

                                                                           Sun Tzu

“Time spent thinking about how to approach a particular question and ensuring the response stays focused is time well spent”

                                         AQA Business Studies Moderator

Despite these wise words, it would appear, based on in-depth research from my classes and the 1000s of A2 students from the BUSS4 Revision workshops, that most students do not spend time planning their answers. Their reason is invariably “I don’t have time”.

To dispel this myth I did the following; I asked a student to stand at the front of the class and gave him 30 seconds to answer an on-the-spot business studies question “Analyse the benefits of operating in niche market”. After lots of nervous umming-and-ahhing, the brave students managed to score one mark before the time was up.

I then gave him 30 seconds to plan an answer to the same question. He came back strong and gave a fantastic 6 mark answer! Conclusive, empirical, irrefutable evidence (sort of) that a small amount of time invested in planning in the short term will reap great benefits in the long term.

I wish you all the very best for the next month!

BUSS1 Revision - True / False Challenge (1)

Try these 20 true/false questions for the non-financial elements of the BUSS1 specification:

read more...»

Exam Technique: Balloon Analysis!

This is an old technique I used with my students to demonstrate good analysis. It is simple and only involves one thing;  blowing up a balloon.

read more...»

‘BLT’ please with some ‘such as’ seasoning - Developing Exam Skills

Thursday, May 08, 2014

On Tuesday and Wednesday the tutor2u team were in Birmingham and London delivering our Edexcel and AQA GCSE exam coaching workshops. Two amazing days with fantastic students and teachers.

Whilst delivering the AQA sessions we discussed with the students a simple strategy to help them develop their answers further. This technique can be applied equally to A Level. The technique is BLT. Now, to many people a BLT is a bacon, lettuce and tomato sandwich. To me, it is key to exam success. BLT stands for:

  1. Because
  2. Leading to
  3. Therefore (resulting in, leading to etc)

How does this work in practice? Take the following question:

Explain one way in which John could reduce the risk of setting up his own business

One way in which John could reduce the risk of setting up his own business is to form a limited company. This would reduce the risk Because it would give John unlimited liability Leading to Johns liability being limited to the amount that he has invested. Therefore, if the business failed he wouldn't risk losing his own personal possessions due to the protection of limited liability.

'Such as seasoning' is a way to help students be in context. Many students use terms like 'raw materials' and variable costs' in their answers (for example, when looking at ways in which a business can reduce costs). Take the example below in relation to how Vue cinemas could increase their profits.

One way in which view cinemas could increase their profits is by reducing their costs, such as popcorn. This is because if Vue bought cheaper popcorn it would lead to a reduction in their variable costs and therefore lead to an increase in their profit margins.

Simples

The Biz Quiz - 8 May 2014

There is still time to try The Biz Quiz - even though we#re moving into the exam season! Have a go!

Launch The Biz Quiz - 8 May 2014

Download printable version

Download teacher solution

The Co-Op SWOT or Pest

Wednesday, May 07, 2014

The Co-Op's banking operation was held up to be a model for other banks to follow by Ed Miliband in 2012. Six months ago The Queen opened the Co-Op group's new eco friendly offices in Manchester. What could possibly go wrong?

read more...»

JLR, Lady Gaga and Abu Dhabi go Galactic!

Monday, May 05, 2014

Virgin Galactic is Richard Branson's dream to provide suborbital space flights to space tourists by 2015, and it provides a wealth of Business Studies concepts for AS and A2.

Firstly, the premium price of £150,000 to £250,000 (the cost of decent Rolls Royce to you or me) means it has a very specific target market; over 700 space tourists have signed up, with one third from America (the other two thirds come from over 50 different countries), most are millionaire men in their 50s and are definitely not risk-averse. Akin to Branson, many stated the moon landing of 1969 as the reason for their purchase.

Lady Gaga

In her quest for a new USP, Lady Gaga will be swapping her meat suit for a space one and be first earthling to sing live from space, ensuring that she maintains her outlandish, cutting edge image.

JLR & Virgin

These 2 iconic British brands are expanding the empire, and for BUSS4 students, the long-term partnership between JLR and Virgin, with their “shared vision of pioneering spirit, technological innovation and sense of adventure”, provides information for almost every section of the specification.

The CNBC article focuses on the technological innovations in JLRs new concept SUV.

In this short video, Richard Branson discusses his dream and vision, how JLR will aid Virgin in creating a completely new market and, to show that it’s not all about profit and pride, he hopes it will inspire future generations to pursue careers in engineering and science.

Abu Dhabi and beyond

Finally, Abu Dhabi state-controlled investment fund paid $280 million for a 32% stake in the business, in return for "regional rights to launch Virgin Galactic tourism and scientific research space flights from the United Arab Emirates capital". It sees this as an Investment opportunity to progress from an international tourism hub, to an inter-galactic one, with this article suggesting Virgin space hotels in galaxies far far away!

Teaching Vacancy - Business & Economics at Freman College

An excellent opportunity here to join our good friends in the Business & Economics department at Freman College.

read more...»

BUSS4 2014: China Research Bullet 6 Overview

Sunday, May 04, 2014

This final research bullet overview focuses on the topic of how business strategy might be affected by developments in China.

We'll add to these notes over the coming days and weeks as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides- essential support for the final stages of revision.

read more...»

BUSS4 2014: China Research Bullet 5 Overview

This introduction to and overview of the fifth research bullet for AQA BUSS4 2014 on China might be useful for students as they practice essay planning. The research bullet is on the ethical and environmental issues involved in trading with or operating in China.

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides- essential support for the final stages of revision

read more...»

BUSS4 2014: China Research Bullet 4 Overview

These outline notes provide an overview of the fourth research bullet for BUSS4 China 2014 - the relative advantages and disadvantages of the ways in which businesses might operate in the Chinese market

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides- essential support for the final stages of revision

read more...»

BUSS4 2014: China Research Bullet 3 Overview

Here are some introductory notes that focus on the third research point for BUSS4 China in 2014 - namely the factors affecting the success or failure of businesses trading with or operating in China

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides - essential support for the final stages of revision

read more...»

BUSS4 2014: China Research Bullet 2 Overview

The notes below provide an introduction to the second research bullet for BUSS4 China 2014 - the risks and rewards involved in trading with or operating in China. 

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides - essential support for the final stages of revision

read more...»

BUSS4 2014: China Research Bullet 1 Overview

Here is an overview of some key points and examples relating to the first research bullet point for BUSS4 China (2014) - The extent to which China creates opportunities and threats for businesses.

We'll add to these notes over the coming days as we provide further support for BUSS4 here on the tutor2u Business Blog. Don't forget to follow tutor2u and tutor2u Business on Twitter so you can get first news of the latest resources to support your revision.

We also have a free online revision class for BUSS4 on our sister site Zondle - I've uploaded a series of revision quizzes on there which you can use to break up your revision and test your BUSS4 knowledge!

Also, don't forget to get hold of your BUSS4 and other AQA Business Revision Guides - essential support for the final stages of revision

read more...»

BUSS4 China - True / False Challenge (1)

Here are 15 true/false questions which provide a fun way for BUSS4 students to test their knowledge of key features of the BUSS4 China research theme

read more...»

Revision Quiz - Breakeven Basics for AS Business

Here is a revision quiz that focuses on the basics of breakeven analysis - a core topic for business studies that is often poorly understood by students. Take the quiz as many times as you can until you get all the questions right!

A brief explanation of the answer to each question is provided underneath the quiz.

read more...»

BUSS3 Exam Technique - Appication: Appendices: Combining Data

Saturday, May 03, 2014

The appendices in BUSS3 are often the gateway to application and securing better grades. Time spend reading and analysing the appendices and the data presented really is time well spent.

Take the January 2012 paper on Scott Electronics. Here, the business was a manufacturer of mobile phones and pagers with a reputation for producing reliable, functional products. The business places little emphasis on innovation and preferred to make cheaper versions of the products its competitors were making and was only making modest profits. A new head of product development has joined the business and believes that the business needs to implement a strategy of innovation.

Question 1 asked students to 'analyse the possible issues that Scott Electronics PLC would have to consider if it is to implement a strategy of innovation'.

The key to success here was (as is often the case) in the appendices.

One way of scoring high marks for application is to combine information and data to form an argument. So, we can see from the above information (which was taken from the case study) that the business prefers to make cheaper versions of competitors products, placing little emphasis on innovation. This is a potential issue in following a strategy of innovation. However, if we look at the data in the appendices we can see that Scott Electronics only spends 1% of its revenue on R&D compared to the industry average of 10%. This information, combined with the previous information makes a much stronger argument.

Lets look at the start of two possible student answers:

'One issue that Scott Electronics PLC would have to consider if it is to implement a strategy of innovation is that it currently prefers to copy competitors products, placing little emphasis on innovation. This is a key issue for the business when implementing a strategy of innovation because.....................'

Here, the students has only used the information from the case study.

'One issue that Scott Electronics PLC would have to consider if it is to implement a strategy of innovation is that it currently prefers to copy competitors products, placing little emphasis on innovation. This can be seen in Appendix C where Scott Electronics currently only spends 1% of its revenue on R&D compared to the industry average of 10%. This is a key issue for the business when implementing a strategy of innovation because...................'

This student would score far higher application marks as they have combined data from within the case study and appendices.

In summary, before you make any argument, just look at the relevant appendices and see what information you can use to support your answer.

Factors influencing price… for grotty garages

Friday, May 02, 2014

A quickie but a goodie for the revision of price, supply and demand.

  1. Get students to guess the price paid for the garages in the picture above (click here for mind blowing answer). I suggest you offer a big prize for the right answer as none will guess correctly!
  2. Ask them to rank the many factors that influenced it (quality, location, competition, PED and economic environment all come into play),
  3. Get students to read the Metro Article and get them to decide on best method to ensure that the investment is a profitable one.

Hope it helps!

BUSS3 Exam Skills (Evaluation) - It depends on how you use depends

Thursday, May 01, 2014

“It depends on”. Three little words that can (sometimes) allow students to reach higher levels of evaluation.

However, the extent to which the use of these 3 words allows a student to achieve higher levels of evaluation really depends on how they use it.

Take this question from the recent AQA GCE BUSS3 exam in January 2012:

Do you think that the shareholders of Scott Electronics plc will be pleased with the company’s financial performance in 2011? You are encouraged to use calculations to support your answer.

Here, students could have calculated that the businesses dividend per share and dividend yield were both increasing. Yet, the dividend yield was still below the industry average.

So, in answering the question, do you think shareholders will be pleased with this? Well, it depends!

Students who simply say, well, it would depend on shareholders expectations would (in my opinion) not receive much (if any) credit for this. Why? Well, they have failed to explain why it depends on shareholders expecations.

A far better response would be:

‘It depends on shareholders expecations. For example, shareholders who are interested in a quick return may be disappointed about the fact that the dividend yield is still below the industry average. However, shareholders who take a more long term view..................................'

Here, we can see that they use of ‘it depends on’ is followed by an explanation of why. It is this why which attracts the marks, not simply the use of those 3 little words.

When using it depends on, think about why it depends on this…..

China’s exports losing low-cost advantages

Boston Consulting Group have produced a fascinating new report which investigates the competitiveness of the world's top 25 goods exporting nations. Their press release highlights significant changes in the world order over the last decade. The newly-minted BCG Global Manufacturing Cost-Competitiveness Index incorporates four factors: energy costs, productivity, wages and exchange rates. That analysis shows that Mexico now has lower manufacturing costs than China, while Brazil is now one of the highest-cost countries, and the UK is the cheapest location in western Europe.


read more...»

The Biz Quiz - 30 April 2014

Wednesday, April 30, 2014

The latest edition of the Biz Quiz is here. Good luck!

Launch The Biz Quiz - 30 April 2014

Download printable version

Download solution (teachers only)

Musings on Moyes - leadership, culture and change management.

Tuesday, April 29, 2014

So it seems two great passions - football and Business Studies - can be combined for Unit 4...at least something good came out of Moyes' reign!

 

read more...»

Financial analysis in the OCR F248 Flavoursome Food case study

Saturday, April 26, 2014

Have you got the right financial analysis skills to decide between the biodigester and the option of relocation?! The OCR F248 specification expects you to be able to use break even analysis, payback period and to interpret decision trees. This blog takes a quick look at Average Rate of Return (ARR), with a focus on a couple of points: costs would be involved with the biodigester since it “would require samples to be checked on a daily basis, as well as regular maintenance” (lines 113-114 of the case study). Furthermore, “at the end of its 20 year lifetime the biodigester would need to be replaced” (lines 118-119).

read more...»

China V India - Who will “emerge” victorious?

Friday, April 25, 2014

Hostile government, the threat of a financial meltdown, slowing growth, higher wages and an ageing population. Is China still the best option for foreign investment? 

Compare this to India's younger, cheaper workforce, more welcoming government and forecasted largest middle-class population by 2030.

To allow students to analyse and evaluate the benefits and drawbacks of investment in China , I've attached a research task based on India that gives key economic and demographic information, and looks at the "Indian strategies" for the following Tutor2u BUSS4 Top Ten businesses: JLR, Starbucks, KFC, Apple, Samsung and Ikea.

Good luck with the revision this term!

Developing AQA A Level Business Exam Skills - My Top Tips

We are now approaching the 'business end' of the year with modules literally 'in the post'.

With this in mind, here are a few of my top tips in relation to exam technique for BUSS1, BUSS2, BUSS3 and BUSS4:

(1) Keep to the time limit (minute per mark). This is especially crucial for BUSS2 which accounts for 60% of AS and 30% of the overall mark. Many students fail to complete the questions on the second case study on BUSS2 which severely restricts the grade you can achieve. The same can be said for BUSS3. Spending too long on the first 3 questions often means students fail to write a detailed conclusion for the 34 mark question which is worth an amazing 10 marks!

(2) 2 developed arguments are far better than writing 4 under-developed paragraphs. Knowledge only accounts for a small % of the total marks so it is crucial that you develop logical, coherent arguments examining causes and effects that link to the question

(3) Plan your answer for the longer mark questions. This is time well spent and will ensure a consistent and focused response

(4) On questions requiring an evaluation make sure you make a decision. This decision needs to be based on prior analysis. DO NOT bring in new lines of argument into your evaluation.

(5) When evaluating, make your decision, discuss your decision and draw on the most significant point that led you to this decision.

(6) Examiners are less interested in the decision you make than the amount of support you have given your decision. Make a decision and justify why you have made that decision

(7) For BUSS3 the data in the appendices offer you a route to good application. Combine the data in the appendices with information in the case study as a foundation for your arguments and you won't go far wrong

(8) Make good use of the case study. It is your friend. It has all the answers in it so its foolish not to refer to it

(9) Read points (1) to (9) again

(10) Read point 9 again!

Good luck smile

Teaching Vacancy - Teacher of Accounting at Franklin College

Thursday, April 24, 2014

An opportunity here to join the team at Franklin College to teach accounting! All the details below: please mention that you saw the opportunity on the tutor2u business blog!

read more...»

Page 2 of 89 pages  < 1 2 3 4 >  Last ›


Enter your Email



EntrepreneurLIVE! 2014

Dates and Locations for EntrepreneurLIVE! 2014 Now Available - Click here for Details...

Latest resources

Resource categories Blog RSS feed Blog RSS Feed
© Copyright Tutor2u Limited 2013 All Rights Reserved