Saturday, 30 September 2017

Business Strategy - Porters 5 Forces analysis

Big companies = big debt (Gearing Ratio)

Click here to access an interesting article on why big companies actually like to highly geared Obviously this is a little tongue in cheek, but it is useful when discussing the issues of being in debt and the possible advantages/ reasons behind this.

The diagram opposite has a flaw in its explanation of gearing. What is it?

Saturday, 16 September 2017

Corporate Strategy and Specimen Question


Introduction to Corporate and Functional Objectives from tutor2u

Click here to access another presentation on business strategy.

Use the above resources to answer the following question: 
Under Justin King, Sainsbury’s changed its strategy. Do you think that to be successful the strategy of a business needs to be determined mainly by what is happening in its external environment? Justify your answer. [24 marks]

Wednesday, 13 September 2017

Mission Statement - Essay

Using examples to illustrate your answer, explore the idea that mission statements should reflect an organisation’s purpose.


Tuesday, 12 September 2017

Mission Statements - presentation and examples

Definition: A formal statement which explains the overriding purpose and values of a business.

BSAK Vision: Building on our unique local heritage, we will provide a world-class British education, inspiring all our students to exceed expectations.

BSAK Mission Statement: Providing the best teachers, leadership and support in a not-for-profit environment, we nurture a genuine passion for learning.

Presentation on importance and relevance of mission statements.


What makes a good mission statement?

  • The best mission statements are clear, concise, and useful (informs. focuses. guides.)
  • Avg length for the full 50 organizations listed here is only 15.3 words (excluding brand references)
  • Avg length for the first 20 organizations below is only 9.5 words (excluding brand references).
  • The shortest contains only two words (TED)
  • The longest contained 235 words (UNHCR)

 

Click here to access 50 examples of mission statements for not for profit companies.