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.