Who business stakeholders are and their Group activity – Moving Mountains introduces Activity – Moving Mountains – Term 4 Topic 1.5 different objectives: the idea of different stakeholders. Nuffield-BP Activity TRP (pp36–38). Understanding Shareholders (owners), employees, 1 Team activity which explores how a Following the activity, teacher leads work to customers, managers, suppliers, local external influences business can impact on different secure understanding of stakeholder model, community, pressure groups, the on business stakeholders. clear the distinction between government stakeholders and shareholders. 1.5.1 Business stakeholders Teacher uses a local example to illustrate how Stakeholders and businesses: conflict can occur between stakeholders. For How stakeholders are affected by example, a local manufacturer expanding business activity. their operation. How stakeholders impact business activity. Consider how technology influences Possible conflicts between stakeholder stakeholders – social media and its role in groups. influencing business decisions. 1.5.2 Technology and Different types of technology used by Teacher displays the four different types of SproutSocial contains useful data and 2 business business: technology individually on flipchart paper. a good infographic on how small E-commerce Students move around the room and add businesses use social media: Social media examples to each page. Digital communication Teacher displays all four pages to show how Payment systems technology is used extensively by all businesses. How technology influences business Groups are assigned one type of technology activity in terms of: and research this to produce a report showing Sales how their type of technology affects sales, Costs costs and the marketing mix. Marketing mix 1.5.3 Legislation and The purpose of legislation: Teacher leads class discussion on possible See the Edexcel GCSE Business 3 business Principles of consumer law: quality reasons why consumers and workers might Studies Student Book Introduction and consumer rights need legal protection. to Small Business, Chapter 23. Principles of employment law: Use topical news stories to illustrate – for Edexcel GCSE Business Studies recruitment, pay, discrimination, and example, online ticket touts. Student Book Introduction to Small health and safety Business – Case study – Freeman’s Garage (p111). The impact of legislation on businesses: Cost Consequences of meeting and not meeting these obligations.
Term 4 1 Topic 1.5 Understanding external influences on business 1.5.1 Business stakeholders Who business stakeholders are and their different objectives: Shareholders (owners), employees, customers, managers, suppliers, local community, pressure groups, the government Stakeholders and businesses: How stakeholders are affected by business activity. How stakeholders impact business activity. Possible conflicts between stakeholder groups. Group activity – Moving Mountains introduces the idea of different stakeholders. Following the activity, teacher leads work to secure understanding of stakeholder model, clear the distinction between stakeholders and shareholders. Teacher uses a local example to illustrate how conflict can occur between stakeholders. For example, a local manufacturer expanding their operation. Consider how technology influences stakeholders – social media and its role in influencing business decisions. Activity – Moving Mountains – Nuffield-BP Activity TRP (pp36–38). Team activity which explores how a business can impact on different stakeholders. 2 1.5.2 Technology and business Different types of technology used by business: E-commerce Social media Digital communication Payment systems How technology influences business activity in terms of: Sales Costs Marketing mix Teacher displays the four different types of technology individually on flipchart paper. Students move around the room and add examples to each page. Teacher displays all four pages to show how technology is used extensively by all businesses. Groups are assigned one type of technology and research this to produce a report showing how their type of technology affects sales, costs and the marketing mix. SproutSocial contains useful data and a good infographic on how small businesses use social media: 3 1.5.3 Legislation and business The purpose of legislation: Principles of consumer law: quality and consumer rights Principles of employment law: recruitment, pay, discrimination, and health and safety The impact of legislation on businesses: Cost Consequences of meeting and not meeting these obligations. Teacher leads class discussion on possible reasons why consumers and workers might need legal protection. Use topical news stories to illustrate – for example, online ticket touts. See the Edexcel GCSE Business Studies Student Book Introduction to Small Business, Chapter 23. Edexcel GCSE Business Studies Student Book Introduction to Small Business – Case study – Freeman’s Garage (p111).
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