SSBU1.1.1 Victoria mapping

Business Management

Activity: Starting a business

Unit 1: Planning a Business

Area of Study 1

The business idea

Outcome 1

  • describe how and why business ideas are created and developed, and explain the methods by which a culture of business innovation and entrepreneurship may be fostered in a nation.

Key knowledge

  • the importance of goal setting in business

Area of Study 2

External environment

Outcome 2

  • describe the external environment of a business and explain how the macro and operating factors within it may affect business planning.

Key knowledge

  • an overview of the factors within the external (macro and operating) environment and internal environment that affect business planning.