A Level Business OCR
Full course content, a smart revision plan and instant past paper feedback for A Level Business OCR.
Start revising this course →Content Overview
104 topics in 19 modules
☑️ Introduction to Business 7 topics
- Enterprise
- Business Sectors
- Types of Business
- Franchises and Franchisees
- Business Functions
- Business Size and Growth
- External Growth
☑️ Business Objectives and Strategy 16 topics
- Different Stakeholder and Business Objectives
- Stakeholders
- Mission Statement
- Complete Social Responsibilty (CSR)
- Strategy and Implementation
- Business Plan
- Risk and Uncertainty
- Opportunity Cost
- Contingency planning and crisis management
- Models of Strategic Choice
- Measures of Performance: financial and non-financial
- Forecasting
- Decision Making
- Decision Trees
- Ansoff's Matrix
- Conflicts in Business Decision Making
☑️ External Influences 18 topics
- The Market, Market Size and Growth
- Demand and Supply
- Market Forces
- Physical and non-physical markets
- Competition
- Market Dominance
- Global Context
- International Trade and Free Trade
- The EU
- Emerging Markets and the Global Environment
- Political Factors
- Economic Factors
- Social Factors
- Technological Factors
- The Digital Revolution
- Ethical Factors
- Legal Factors
- Environmental Factors
☑️ Change 15 topics
- Causes and Effects of Change
- Managing Change
- Accounting and Finance Objectives
- Sources of Finance
- Accounting Concepts
- Costs, Revenues and Profit
- Break-Even Analysis
- Investment Appraisal
- Budgets and Variances
- Cash-flow
- Working Capital
- Income Statements
- Statements of Financial Position
- Ratio Analysis
- External Influences on Accounting and Finance
☑️ The Finance Strategy 1 topic
- The Strategy
☑️ Human Resource Management within a Business Environment 3 topics
- Communication
- Human Resource Objectives
- Organisation
☑️ The Workforce 7 topics
- Workforce Planning
- Recruitment
- Selection
- Training
- Appraisal and Workforce Performance
- Redundancy and Dismissal
- Functions of Management
☑️ Management 3 topics
- Leadership
- Motivation
- Employer/Employee Relations
☑️ Human Resources within the External Environment 1 topic
- External Influences on Human Resource Management
☑️ The Human Resources Strategy 1 topic
- The Strategy
☑️ Marketing within a Business Environment 2 topics
- Marketing Objectives
- Marketing Resources
☑️ Customer Needs 4 topics
- Identifying Customer Needs
- Anticipating Consumer Needs
- Customers and Consumers
- The Product Life Cycle
☑️ Marketing with the External Environment 1 topic
- External Influenes on Marketing
☑️ The Marketing Strategy 9 topics
- Added Value
- Operations Management Objectives
- The Marketing Mix
- The Strategy
- Product
- Price
- Place
- Promotion
- Service Marketing
☑️ The Production Process 4 topics
- Innovation, Research and Development
- Methods of Production
- Services
- Project Management
☑️ Productive Efficiency 6 topics
- Productivity
- Economies and Diseconomies of Scale
- Capacity Utilisation and Management
- Stock Control
- Lean Production
- Technology
☑️ Productive Quality (fit for purpose) 4 topics
- External Quality Standards
- Internal Quality Standards
- Location and Logistics
- Services
☑️ Operations Management within the External Environment 1 topic
- External Influences on Operations Management
☑️ The Operations Strategy 1 topic
- The Strategy
Other A Level Business exam boards
A Level Business OCR Revision Content
Take a look at the written content available for this course. Practice-question availability may vary.
A Level Business OCR - Introduction to Business - Enterprise Content Preview
Introduction to Business
Enterprise
Understanding Enterprise
- Enterprise is the process of identifying new business opportunities and taking advantage of them.
- It involves creative thinking and innovation to find novel solutions to problems.
- Enterprise can be either a new venture creation or trying out innovative ideas in an existing business.
Role of Entrepreneurs
- The entrepreneur is the individual who spots the business opportunity and decides to take advantage of it.
- Entrepreneurs are often seen as risk takers who aren't afraid to try out new ideas.
- Through their calculated risks, they contribute to economic growth and development.
Characteristics of an Entrepreneur
- Entrepreneurs are often self-motivated and focused.
- They are known for their strong problem-solving skills, perseverance and resilience.
- They typically have excellent communication and interpersonal skills to build relationships and networks.
- Entrepreneurs often display leadership qualities and the ability to motivate others.
Functions of Enterprise in Business
- Enterprise plays a pivotal role in the creation of new businesses.
- It stimulates innovation, leading to the development of new products or services.
- It boosts competition by bringing new business models and strategies into the marketplace.
- Enterprise contributes to the economic growth by creating jobs and improving communities.
Benefits and Risks of Enterprise
- Benefits can include personal financial gain, personal satisfaction from building a successful business, and job creation.
- Conversely, risks can include financial loss, personal stress, and risk of failure.
Enterprise Skills and Strategies
- Enterprise skills include market research, financial management, and knowledge of legal regulations.
- Strategies may involve developing a unique selling proposition, targeting a specific market segment, or using social media for promotion.
Factors Influencing Enterprise
- These may include economic conditions, market demand, technology availability, competition, and the entrepreneur's personal skills and qualities.
Impact of Enterprise on Society and Economy
- Enterprise often leads to job creation, improvement in living standards, and can boost economic growth.
- It can also contribute to societal changes and advancements by introducing new products or services.
Question: How does the role of an entrepreneur contribute to economic growth and development?
Unlock instant, personalised feedback
Sign up to Adapt to practise the exam questions available for this course with instant, personalised feedback.
Start revising this course →Try Adapt now
Add this exact course and build your personalised revision plan.