BTEC BUSINESS 1

LO1 Explain the different types, sizes and scope of organisations
LO2 Discuss the interrelationship of the various functions in an organisation and how they link to organisational structure
LO3 Use contemporary examples to demonstrate both the positive and negative influence/impact the macroenvironment has on business operations
LO4 Determine the internal strengths and weaknesses of a specific business and their interrelationship with external macro factors.

LO1 Explain the role of marketing and how it interrelates with other business units of an organisation
LO2 Compare ways in which organisations use elements of the marketing mix to achieve overall business objectives
LO3 Produce a marketing plan for an organisation that meets marketing objectives
LO4 Develop a media plan to support a marketing campaign for an organisation.

LO1 Explain the impact of the role of HRM in creating sustainable organisational performance and contributing to business success
LO2 Produce a workforce action plan for recruiting and retaining talent to address skills shortages in an organisation
LO3 Examine how external and internal factors can affect HRM decision-making in relation to organisational development
LO4 Apply HRM practices in a work-related context for improving sustainable organisational performance.

LO1 Explain the impact of the role of HRM in creating sustainable organisational performance and contributing to business success LO2 Produce a workforce action plan for recruiting and retaining talent to address skills shortages in an organisation LO3 Examine how external and internal factors can affect HRM decision-making in relation to organisational development LO4 Apply HRM practices in a work-related context for improving sustainable organisational performance.

LO1 Examine the context and purpose of accounting
LO2 Prepare basic financial statements for unincorporated and small business organisations in accordance with accounting principles, conventions and standards
LO3 Interpret financial statements
LO4 Prepare budgets for planning, control and decision making using spreadsheets.

LO1 Explain the key stages of the project lifecycle that should be considered when project managing
LO2 Produce a Project Management Plan (PMP) for a business project using primary and secondary research methods
LO3 Implement the Project Management Plan (PMP) to communicate results from the research and make conclusions from the evidence of findings
LO4 Reflect on value gained from implementing the project and the project management process.

LO1 Explain the nature of the legal system
LO2 Illustrate the potential impact of the law on a business
LO3 Examine the formation of different types of business organisations
LO4 Recommend appropriate legal solutions to resolve areas of dispute.

LO1 Collect research data and apply business models for business decision making
LO2 Apply techniques to interpret data
LO3 Assess digital platforms for collection, storage and analysis of data and presentation of business information
LO4 Present information in appropriate formats to meet management needs