Business organisation and environment

Table of Contents

1. Topic pack - introduction
2. 1.1 Nature of business activity - notes
3. 1.1 Nature of business activity - questions
4. 1.2 Types of organisation - notes
5. 1.2 Types of organisation - questions
6. 1.3 Organisational objectives - notes
7. 1.3 Organisational objectives - questions
8. 1.4 Stakeholders - notes
9. 1.4 Stakeholders - questions
10. 1.5 External environment - notes
11. 1.5 External environment - questions
12. 1.5 External environment - simulations and activities
13. 1.6 Organisational planning tools - notes
    1. Organisational planning tools
    2. Business plan
    3. Decision-making processes - introduction
    4. Decision-making processes
    5. Decision-making - fishbone diagram
    6. Decision trees
    7. Decision trees - worked example
    8. SWOT analysis
14. 1.6 Growth and evolution - notes
15. 1.7 Growth and evolution - questions
16. 1.7 Growth and evolution - simulations and activities
17. 1.6 Change (HL only) - notes
18. 1.9 Globalisation - notes
19. 1.9 Globalisation - questions
20. Print View

1.6 Organisational planning tools - notes

So far we have examined the nature of business activity, types of organisations and objectives and investigated the nature of stakeholders. We have also considered the impact of the external environment on the firm in terms of the opportunities and threats it provides.

We now move on to consider the tools that are available to a business to help them plan their strategic approach.

By the end of this section you should be able to:

• Analyse the importance of the information in a business plan to different stakeholders
• Apply a formal decision making framework to a given situation
• Prepare a SWOT analysis for a given situation and use this to analyse an organisations position

• Analyse and interpret business plans
• Apply decision making processes and planning tools and evaluate their value
• Compare and contrast scientific and intuitive decision making processes
• Construct and interpret decision trees and evaluate their value as a decision making tool