Business Decisions and Strategy (Theme 3) Edexcel A Level Business notes

These notes cover the entire theme 3 of Edexcel A Level Business – Business decisions and strategy. These notes are very clearly written using multiple text colours to differentiate separate headings and contents. Some graphs and graphics are used to represent some of the major concepts described. All the headings and subheadings are noted to easily divide the contents.

Covered topics include:

• 3.1 Business Objectives and Strategy
  • 3.1.1 Corporate Objectives
  • 3.1.2 Theories of Corporate Strategy
  • 3.1.3 SWOT Analysis
  • 3.1.4 Impact of External Influences
• 3.2 Business Growth
  • 3.2.1 Growth
  • 3.2.2 Mergers and Takeovers
  • 3.2.3 Organic Growth
  • 3.2.4 Reasons for Staying Small
• 3.3 Decision-Making Techniques
  • 3.3.1 Quantitative Sales Forecasting
  • 3.3.2 Investment Appraisal
  • 3.3.3 Decision Trees
  • 3.3.4 Critical Path Analysis
• 3.4 Influences on Business Decisions
  • 3.4.1 Corporate Influences
  • 3.4.2 Corporate Culture
  • 3.4.3 Shareholders versus Stakeholders
  • 3.4.4 Business Ethics
• 3.5 Assessing Competitiveness
  • 3.5.1 Interpretation of Financial Statements
  • 3.5.2 Human Resources
• 3.6 Managing Change
  • 3.6.1 Causes and Effects of Change
  • 3.6.2 Key Factors in Change3.6.3 Scenario Planning