How To Pass Higher Business Management – 2 COURSE STRUCTURE BUSINESS ADMINISTRATION ADVANCED HIGH This course is divided into 3 units: Management Organizations: External Environment Management Organizations: Business Analysis Internal Environment However, it is important to understand that the content of the Advanced course can be assessed in the final Advanced examination. . THE FIRST EDITION RATE WILL BE THE ESTIMATES FOR EACH UNIT. All assessments carry 40 marks and students must achieve 20 marks. One hour is allowed for the Management Organization assessment, but no examination time for the Business assessment. If students fail the first assessment, re-assessment using another assessment tool is permitted. Students will be given guidance to successfully prepare for the re-evaluation. Course Assessment External Examination 2 hours 45 minutes 100 marks The question paper examines knowledge and understanding, problem solving, critical thinking and decision making. It is divided into 2 sections: Section A This section requires students to apply their knowledge and understanding to a current situation facing a real business. It will consist of an example of a business organization based in Scotland, with a total question mark of 50 marks. Students will attempt all questions. The questions will require students to study data and interpret, analyze and evaluate the situation facing a business. Section B o 2 answers from 4 extended response questions o 25 marks o Divide into 2 Business Accounts Students will be required to assess the current state of their target business and explain, analyze and evaluate its future strategy. Business. This will be presented in the form of a business report. Baseline research on selected businesses will be conducted as part of the Business Unit Assessment (BUA). The paper is allocated 50 marks and further guidance will be given on layout and content. 2
3 Succeeding in Business Administration Homework A key part of the Advanced Higher course is independent study and further study. However, in addition to this, you should regularly receive homework, which may take the form of: Completing class work Reading notes taken in class Practice exam questions to reinforce class work Relevant case studies Homework. an important part of the course. Don’t forget to do this or leave it to the last minute. Manage your homework; take your time to get it right, don’t rush homework for multiple subjects in one night. Use the Student Planner/Homework Diary to help with homework planning. Write your homework in ink, as this will be a good reference material when the work is revised for assessment. Success is your responsibility We hope that you will enjoy our Advanced Business Administration course, especially the opportunity for self-study, and that you will pass the departmental assessments and do well in the final exam. To achieve this goal, we must work in partnership. You will work with relevant materials and receive support and assistance throughout the course. We hope you will approach your work with a mature attitude and determination to succeed. Attend after school study sessions whenever you need help or. There is so much to learn! You will be given the information you need to be successful in this course, and it is your responsibility to learn this information and apply the skills you are taught. Work hard, aim high and succeed 3
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4 Self-Checklist Management Organizations: External Environment Topic 1 Multinational Companies The reasons for the development of multinational companies; development methods such as foreign investment and acquisition of foreign companies. Recognizing issues raised by multinational companies, such as transfer pricing, exploitation of local resources, foreign control of the economy, and increasing importance of global operations. Impact on the host country’s earnings in the areas of employment, technology transfer, balance of payments from large exports or imports, repatriated earnings, and loss of government control. Impact on the home country’s balance of payments, loss of home government control, changing worker skills, impact on overall employment Topic 2 The European Union and its policies EU institutions and their role: Council of Europe; Council of Ministers; European Commission; European Parliament; European Court of Justice. The Single European Act: objectives and implications for UK business. European Monetary Union (EMU) and the eurozone: the implications of the euro for UK business (now and should the UK adopt the euro in the future). The social sector: its principles and their impact on UK business. EU enlargement: features of the latest EU enlargement; Impact on UK business. Topic 3 Business Issues Business ethics and social responsibility: defining ethical, socially responsible and environmentally (green) responsible business practices; providing relevant examples of how businesses demonstrate these actions; costs and benefits; influence of government. Technological changes/advances: Internet and e-commerce; global communication; social media; Internet banking; mobile technologies; The impact of technology on UK business. Government influence (Scotland, UK and EU): budget and monetary policy; national laws, directives (EU) and initiatives; support and advice for small and medium-sized businesses; Government intervention, such as competition policy. Emerging economies: what are the opportunities for UK businesses and how can they benefit? BRIC countries. 4
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5 Managing Organizations: The Internal Environment Topic 1 The Role of Management The Managerial Role: Theories of Fayol, Mintzberg, Drucker and Stewart and their application to modern business practice. Management Theories: Describe the aspects of the following schools of management theory and their strengths and weaknesses in defining the role of a manager. explain its relevance to modern business practices; explaining how each has evolved over time. o Classical school/scientific management o Human relations school o Neo-Human relations school o Systems theory o Motivation in work environment: description of methods of motivating employees (financial and non-financial); describing theories of motivation (eg, Maslow, Herzberg); explain how these theories are applied to current business practice. Time Management: Effective Time and Task Management Strategies; impact of ineffective/poor time management; Personal qualities required of managers for effective time management. Topic 2 Leadership and the working relationship between team management and leadership. leadership qualities; skills and qualities of effective leaders. Leadership Theories: Traits, Styles, and Conditions describes aspects of each of these theories and explains how they relate to the leadership role; description of various conditioning theories, such as Fiedler’s; factors affecting leadership style. Teamwork: the role of teams in organizations; characteristics of effective teams; stages of group (team) formation Tuckman; Communication within the team; factors affecting team success. Topic 3 Managing change in organizations: factors leading to change; analyzing the power of change (Kurt Lewin); using force field analysis to change situations; describe the stages of change. Implementing Change: Describe the issues faced in implementing change in organizations; dealing with resistance to change; leadership, communication, teams, etc. describe effective approaches to change focus/management; the impact of organizational culture on change management. 5
6 Business Background Business Business Details o Internal organization, eg structure, functional activities eg marketing and operations o Objectives o SWOT analysis Stakeholders: internal and external; their interest, involvement and influence. Decision making: how decisions are made and by whom; the use of a structured decision-making model and its effectiveness. Strategy for future business development Resource requirements, eg finance, labour, premises, equipment. Sources/types of data and their effectiveness, eg primary, secondary, quantitative; data collection desk and field research. Impact on functional areas of the business, such as marketing and finance. Implement strategy using planning techniques such as Gantt charts, budgetary control, and critical path analysis. The strengths and weaknesses of a strategy relate to issues such as strategy coherence, timing, costs, objectives, and stakeholder acceptance. The Business Unit Research is divided into 2 parts: 1) Basic research on the business of your choice that meets the requirements of the Business NAB Research. 2) Formulate a suitable strategy for this chosen business based on the research conducted. This will be presented in an externally commissioned report by SQA. Much of the content in this chapter deals with areas of advanced study: so these areas can be assessed in the final exam. Once you have identified a business to audit, you should gather the following information when preparing for a unit valuation (NAB). This will be very important in helping to define the future strategy for the business. An introduction that examines the organization’s name and specific aspects; A description of the business background explaining its internal organization, markets and objectives; Analysis of the decision-making process in the organization, including who makes decisions and how they are made; Analysis
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