Test

Consider:

Why do I need a teacher when

I’ve got Google?

Fill in the Blanks

2+2

Consider:
Why do I need a teacher when
I’ve got Google?

Guidance and Expertise
Personalized Learning
Feedback and Assessment
Critical Thinking and Problem-Solving Skills
Motivation and Accountability: Social Interaction and
Communication Skills
Mentorship and Role Modelling
Access to Resources: Customized Curriculum
Real-time Clarification

Business News

Student Input

And nominate

Unit 1 Exploring Business

Learning Aim A

The features of different businesses

and what makes them successful

Reorder

Reorder the following

• identify job vacancy

• Job description

• Advertise job

• Shortlist candidates

1

2

3

4

5

• 1
• 2
• 3
• 4
• 5

Attendance &
Punctuality

I.D. cards

should be worn

at all times.

Student
Planner

ACTIVE
listening

No Mobiles
Note Taking &

Equipment
Meet Deadlines
No EarPods,

hoods or coats

Dress

appropriately

Laptop Fully

charged EVERY

DAY

No Eating, only
water in class
Communicate!

High Expectations of Behaviour

Behaviour
Strive for
Distinction

Focus &

Participate in

lessons

Complete all
Homework &
Assignments

High Expectations for Effort & Attainment

Mobiles

should not

be seen, felt

or heard!

On silent and
off vibrate in

EVERY
SINGLE
LESSON!

Bring
to
EVERY
SINGL
E
LESSO
N!

Today’s Learning
Objectives

Identify the

different

stakeholders that a
business may have

Assess the

influence these

stakeholders have

on a business

Evaluate how

businesses interact
with stakeholders

Word Cloud

Name me a business stakeholder

Retrieval

•Can you name the 4
sectors?

•Can you provide examples
for each sector?

Features
of
Businesse
s
Homework

Explain the features of 2 contrasting
businesses.
You must include:
An explanation/introduction of each business
and consider the following points for both
organisations:
• Features of the business to include ownership

and liability, purpose and sector of each.

• You may wish to include this information in a

table format.

• Please upload to teams assignment by 9am

Wednesday SEE NEXT SLIDE

Features
of
Businesse
s
Homework

If you do this well you’ll be laying the
groundwork for your first assignment.
Hints and Tips:
• Pick contrasting businesses
• Do not pick McDonalds, Apple,

Microsoft or Tesco .

• Reference so you can revisit sources as

you build out this ‘portfolio of work.

What is a
Stakeholder?

An individual or group that
has an interest in the
business or is affected by
the decisions of the
business.

Lets see what we know…

Internal
and
External
Stakehold
ers

•Internal Stakeholders are from
within the business e.g.
managers, employees and
owners

•External Stakeholders are from
outside of the business e.g.
suppliers, lenders, competitors,
debtors, creditors, customers,
government agencies and
departments, communities,
pressure/interest groups.

Owners
• The owners are the individuals who have

invested the required finance for the
business to operate. They often benefit from
the profit made by the business but are in
danger of losing money if the business does
not perform well.

• A small business often has 1-2 owners
• Large businesses, such as PLCs (Tesco,

Apple) have many owners called Shareholders
(often 1000s of people)

• How are large businesses run if they have

1000+ owners?

• How much influence do the Owners have on

the business?

Managers

• The managers within a business drive

the overall aims, objectives and vision
of the business.

• Managers control the work of

subordinates.

• Managers adopt many different

styles – including: Autocratic, Laissez-
Faire, Democratic, Bureaucratic

• Which stakeholders do managers

effect?

Employees

•Employees provide labour/skills
required for the business to operate.
In exchange they are paid a
wage/salary by the business.

•How is the influence of an employee
effected by the size of the business?

•How can an employee influence the
running of a business?

Suppliers

Provide materials and services required
by a firm’s operations.

E.g. a Restaurant needs constant supplies of fresh
ingredients to run their business, heating and
lighting suppliers and suppliers of
furnishings/additional items such as napkins.

How does the size of the supplier
influence the business?

Lenders

• Lenders provide capital to the business when

needed. This could be for expansion, paying
large expenses, purchasing stock.

• What influence do lenders have on a business?

• How do lenders make money from businesses?

• What happens if the business can’t pay their

debts?

Competitors

•Competitors can be both
direct and indirect, what is
the difference?

•Competitors will be interested
in a business’ activities in
order to maintain competitive
advantage.

Debtors – Owe the Business money!
•Debtors are
individuals/groups/businesses that
owe the business money.
•This can be due to having trade
credit, where a business can
purchase items and pay later.
•What influence does a debtor have
on the business?
•Why may a debtor owe the business
money?

Creditors – Business owes money to
them!

•Creditors are individuals
and/or businesses that the
business owes money to.
•How does the size of the
business affect the type of
creditors that they would
have?
•How would a creditor
influence a business?

Customers

•Customers demand the
products/services provided by the
business.
•B2B or B2C
•Customer satisfaction (turning
customers into long-term assets)
•How does the size of the business
effect the level of influence of
customers?
•How do customers influence a
business?

Government
Agencies and
Departments
• Local government can set byelaws that

stop individuals/groups/businesses from
carrying out certain actions.

• National Government set laws that affect

everyone in the country, e.g. GDPR.

• National Government tax individuals and

businesses to fund public services such as
the Police and NHS.

• Local government charge business rates

to all local bricks and mortar businesses.

• How has Brexit affected business in the

UK?

Local Communities

• The local community may want a

business to come to a town (Burnley
residents wanted a Primark for many
years)

• The local community may object to

businesses being opened (Tesco
stores have had protests held
against them across the country)

• The local community may be

affected by the actions of a business,
can you think of examples of this?

National
Communities

• National communities refers to

a large geographic area in which
the business operates within.

• People living in a national

community often share
common economic, political,
social and cultural identity.

• Certain districts of large cities,

such as London, could identify
themselves in this way.

International
Communities

• International communities refer to

communities that are spread across
the world.

• These communities are often

connected whilst having a diverse
range of economic, political, social
and cultural identities.

• How would serving an international

community influence business
activity?

Pressure
Groups

What impact does business activity
have on pressure groups?

Small Local Pressure Groups - A
pressure group is an organisation
made up of individuals that share a
common interest e.g. animal
cruelty, working conditions,
environmental concerns.

Corporate Social
Responsibility

• Corporate social responsibility (CSR)

is a self-regulating business model
that helps a company be socially
accountable — to itself, its
stakeholders, and the public.
•Aim to make a positive impact
on all aspects of society
including economic, social, and
environmental. It goes beyond
making a profit.

Stakeholders | What is a Stakeholder
? - YouTube

Which stakeholder is the most
important to McDonalds?

•Get into Pairs
•Collate a series of reasons to justify your
choice of stakeholder
•Discuss as a class

Identify the Stakeholder

•Get into Pairs
•One of you is a ‘stakeholder’
•The stakeholder must explain their interest in the
business without saying who they are e.g. they can’t
say they are an employee, local community, investor
etc.
•Evaluate how a business interacts with the identified
stakeholder. What conflicts can you identify with
other stakeholders?

Today’s Learning
Objectives- Can we?

Identify the

different

stakeholders
that a business

may have

Assess the

influence these

stakeholders

have on a
business

Evaluate how

businesses
interact with
stakeholders

Thinking about your 1st Assignment
Unit/Learning Aim/Pass, Merit,
Distinction

1/A.P1
Explain the features of two contrasting
businesses. (last homework)

1/A.P2
Explain how two contrasting businesses
are influenced by stakeholders.

Homework

Features
of
Businesse
s

Student Workbook: Learning Aim A

•Complete Activity 11 Stakeholders
from the workbook
•Please upload to teams by 9am
Friday

Features
of
Businesse
s

Student Workbook: Learning Aim A

•Complete Activity 11 Stakeholders
from the workbook
•Please upload to teams by 9am
Friday

Ask me 3
Questions