Business management toolkit

Suggested unit areas for integration of tools (not exhaustive) are shown in parentheses with each tool

SWOT analysis Ansoff Matrix

S W O T
Existing New
products products

Existing Market Product

Increasing risk
Strengths Weaknesses Opportunities Threats
markets penetration development
• Things your • Things your • Underserved • Emerging
business does well busness lacks markets for competitors
• Qualities that • Things your specific purposes • Changing
separate you from competitors do • Few competitors regulatory
your competitors better than you in your area environment New Market
• Internal resources • Resource • Emerging needs • Negative Diversification
markets development
such as skilled, limitations for your products press/media
knowledgeable and services coverage
staff

Increasing risk
(units 1, 2, 3, 4, 5) (units 1, 4)

Boston Consulting Group (BCG) matrix Decision trees

The growth share matrix Business decision: choice of three
Relative market share building sites (A, B or C)
Cash generation
High Low succeed

?
Site A 2
fail
High
Market growth rate

succeed
Cash usage

1 Site B 3
Each outcome has a probability
of being a success or failure.
fail
succeed
Low

Site C 4
fail
(units 3, 4) (units 1, 5)

Descriptive statistics Circular business models

Descriptive statistics will include the following. raw design
• Mean materials
• Mode
• Median production
remanufacturing
• Bar charts Mean
• Pie charts recycling circular
Median economy
• Infographics Mode Circular business models will include
• Quartiles the following.
• Standard deviation • Circular supply models
• Resource recovery models
residual distribution
• Product life extension models
waste use
• Sharing models
repair
reuse • Product service system models

(units 2, 3, 4, 5) (units 1, 5)

Business management teacher support material 1

 Business plan Steeple analysis
S
• Demographics
• Population growth
   Checklist Social • Age distribution

T
• Technological growth
  Executive
 summary Technological
• New innovation
• Skilled resources

  Business
 description E
• Economic growth
• Exchange rates

  Human
 resource plan Economic • Interest rates

E
• Weather

  Financial
 plan Environmental
• Climate change
• Environmental policy

  Marketing
 plan P
• Government policy
• Taxation
Political • Political stability
  Operational
 plan
L • The court system
• Employment law
   Legal • Discrimination law

E
• Bribery
• Intellectual property
Ethical • Reputation
(units 1, 2, 3, 4, 5) (units 1, 2, 4)

Critical path analysis Hofstede’s cultural

(HL only) dimensions (HL only)

40
Power
D F distance
Indulgence Individualism
A E vs vs
10 30 50 restraint collectivism
Hofstede’s
B cultural
C dimensions
Long vs Masculinity
20 short term vs
orientation feminitity
Uncertainty
Critical path analysis (HL only) will include the following.
avoidance
• Completion and analyses of a critical path diagram
(drawing of the diagram is not expected)
• Identification of the critical path
• Calculation of free and total float

(units 4, 5) (units 2, 4, 5)

Business management teacher support material 2

 Gantt chart (HL only) Porter’s generic strategies (HL only)
Competitive advantage
Q1 2022 Q2 2022 Q3 2022
orem ipsum Task name Lower cost Differentiation
Jan-22 Feb-22 Mar-22 Apr-22 Jun-22 Jul-22

Planning

target
Broad
Cost
Research leadership Differentiation

Competitive scope
Design

Implementation

Narrow
target
Follow up Cost Differentiation
focus focus

(units 4, 5) (units 1, 4)

Force field analysis (HL only) Contribution (HL only)

Driving forces Restraining forces
4 3 2 1 1 2 3 4

Problem needs
to be solved
Contribution (HL only) will include the
following.
OR • Make or Buy analysis
• Contribution costing
Current situation • Absorption costing
needs to be
changed

Total: 12 Total: 11
(units 2, 5) (units 3, 4, 5)

Simple linear regresion (HL only)

Simple linear regression

Simple linear regression (HL only) will

include the following.
y
• Scatter diagrams
• Line of best fit
• Correlation/Extrapolation
x

(units 1, 4, 5)

Business management teacher support material 3