Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you...
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Transcript of Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you...
Starter
What do you hope to achieve by the time you are 21? Write notes in your book.
How will you achieve this? What steps will you take? Will you have deadlines to complete these steps?
Beauchamps High School
Beauchamps High School
Topic 2 review
Using pencil and ruler, draw an bar chart to show your grade at the front of your book
GCSE Business Studies
Objectives when starting up
Beauchamps High School
Business Objectives
Beauchamps High School
Theory
Notes
Business objectives are the stated, measurable
targets of how to achieve business aims
Think, pair, share…
Can you think of some examples of business objectives???
Beauchamps High School
Beauchamps High School
Financial Objectives
Survival – many businesses fail within the first few years
Profit and Income – wage but also profit from their business
Beauchamps High School
Theory
Notes
Non-Financial Objectives
Personal Satisfaction – feel sense of achievement
Independence and control – flexibility of working, taking time off
Helping others – business can help other people/businesses
Beauchamps High School
Theory
Notes
Task 1
Please divide the objectives you came up with earlier into financial and non-financial objectives
Beauchamps High School
Business Objectives must be
Beauchamps High School
Theory
Notes
Task 2
Please turn one of you financial and non-financial objectives into a SMART objective
Beauchamps High School
Business Aims
Business objectives are SMART, and are a stepping stone to the overall AIMS of the business
Aims are not always SMARTBusiness do not always know how
they will achieve the Aims – they are a longer term goal
Beauchamps High School
Theory
Notes
Task 3
You are going to be launching a Healthy Tuck Shop at Beauchamps High School
You need to list your Financial and non-financial objectives for this business
All objectives must be smart
Beauchamps High School
Plenary task - Watch the following clip
https://www.youtube.com/watch?v=bpko3CPHonQ
What do you think are the objectives of this?
Beauchamps High School