Business A2 2023 Ahmed Sheheryar

Business A2 2023
Memory Checklist Section 1

Note: Due to the monotonous nature of the syllabus this checklist is designed to provide a formal
framework of all the knowledge a student has to memorise in section 1/5. The intended way to
use this is to:

1. Read the checklist thoroughly

2. Stop at every point and verbally test your knowledge

3. These things are expected to be checked: De nition [ at least keywords ] + Advantages +

Disadvantages + Evaluations [ where required ]

4. At the end you would have identi ed what needs to be memorised again

5. Memorise your weak points from Notes

6. [ This checklist does not has any detail, since the student has to check his memorisation.

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 Business A2 2023 Ahmed Sheheryar

Section 1
Topic 1

Privatisation De nition + Advantages + Disadvantages

Natonalisation De nition + Advantages + Disadvantages

Labor protection De nition + Advantages + Disadvantages

Consumer protection De nition + Advantages + Disadvantages

Business protection De nition + Advantages + Disadvantages

Corporate social responsibility [ CSR ] De nition + Points + Advantages + Disadvantages

Corporate social reports De nition + Advantages + Disadvantages

Social audits De nition + Advantages + Disadvantages

Pressure groups De nition + Advantages + Disadvantages

Social demographic changes De nition + Advantages + Disadvantages

Technology De nition + Advantages + Disadvantages

International De nition + Advantages + Disadvantages

Multinationals De nition + Advantages + Disadvantages [ To

country and business itself ]

Topic 2

Economic growth De nition + Advantages + Disadvantages

Economic recession De nition + Advantages + Disadvantages

In ation Positive + Negative aspects

De ation Positive + Negative aspects

Unemployment De nition + Advantages + Disadvantages

Exchange rates De nition

Exchange rate appreciation

Winners + Losers

Exchange rate depreciation Winners + Losers

Fiscal policy [ Taxes ] De nition + Advantages + Disadvantages

Expansionary scal policy

De nition + Advantages + Disadvantages
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 Business A2 2023 Ahmed Sheheryar

Contractionary scal policy De nition + Advantages + Disadvantages

Monetary policy [ Interest rates ] De nition + Advantages + Disadvantages

Expansionary monetary policy De nition + Advantages + Disadvantages

Contractionary monetary policy De nition + Advantages + Disadvantages

Supply side policies [ 4 examples in notes ] De nition + Examples

Topic 3

Strategic management De nition

Corporate strategy De nition

Tactic De nition

Strategic management Process [ 5 steps ] [ Di erence between strategic

analysis, choice and implementation. + Advantages
+ Disadvantages

Blue ocean strategy De nition + Advantages + Disadvantages + Red

ocean + Blue ocean factors

Scenario planning De nition + Advantages + Disadvantages

SWOT analysis De nition + Advantages + Disadvantages +

[ Strengths. Weaknesses, opportunities, threats ] +
Evaluation

PEST De nition + Advantages + Disadvantages +

Evaluation

Porters ve forces De nition + Advantages + Disadvantages +

Explanation of each + Evaluation

Core competencies De nition + Advantages + Disadvantages + Points

+6 Factors + Evaluation

Anso matrix De nition + Advantages + Disadvantages +

Understanding of diagram + Evaluation

Force eld analysis Methods to increase driving forces + De nition +

Advantages + Disadvantages + Evaluation

Decision trees Clarity of Numerical + Use + De nition +

Advantages + Disadvantages + Evaluation

Business planning De nition + Advantages + Disadvantages +

Ecvaluation

Corporate culture:
Detail for each

1. Power culture

2. Role culture

3. Task culture

4. Person culture

5. Entrepreneurial culture
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 Business A2 2023 Ahmed Sheheryar

Methods to change corporate culture:

Detail for each

1. Concentrate on positive elements

2. Involve top management

3. Establish new objectives, code of conduct and

a mission statement

4. Encourage bottom up participation of the

workforce

5. Training can help the workers to adapt to new

practices

6. Adopt a new reward system

7. Replace existing managers and workers

Corporate culture Advantages + Disadvantages + Evaluation

Change management:
Detail for each

1. Understand what change means

2. Recognise the cause for change

3. Involve the sta

4. Manage change

5. Lead change

6. Project champions

7. Project teams

Importance of change management De nition + Advantages + Disadvantages

Crises De nition

Contingency planing De nition

Methods to plan for crises:

Detail for each + Evaluation

1. Identify potential disasters that could a ect the

business

2. Assess the likelihood of those events occurring

3. Minimise the impact of crises

4. Plan for continues operations

Methods to solve crises”

Detail for each + Evaluation

1. Keep quiet and pay compensation

2. Admit responsibility and recall units, o ering full

compensation

3. Manage and plan for similar contingencies in

the future

4. Investigate the causes of crisis

5. Stop production of faulty goods

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