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Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will you have deadlines to complete these steps? Beauchamps High School

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GCSE Business Studies Objectives when starting up Beauchamps High School

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Page 1: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Starter

What do you hope to achieve by the time you are 21? Write notes in your book.

How will you achieve this? What steps will you take? Will you have deadlines to complete these steps?

Beauchamps High School

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 2: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Beauchamps High School

Topic 2 review

Using pencil and ruler, draw an bar chart to show your grade at the front of your book

Page 3: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

GCSE Business Studies

Objectives when starting up

Beauchamps High School

Page 4: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will
Page 5: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Business Objectives

Beauchamps High School

Theory

Notes

Business objectives are the stated, measurable

targets of how to achieve business aims

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 6: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Think, pair, share…

Can you think of some examples of business objectives???

Beauchamps High School

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 7: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Beauchamps High School

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 8: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Financial Objectives

Survival – many businesses fail within the first few years

Profit and Income – wage but also profit from their business

Beauchamps High School

Theory

Notes

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 9: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Non-Financial Objectives

Personal Satisfaction – feel sense of achievement

Independence and control – flexibility of working, taking time off

Helping others – business can help other people/businesses

Beauchamps High School

Theory

Notes

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 10: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Task 1

Please divide the objectives you came up with earlier into financial and non-financial objectives

Beauchamps High School

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 11: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Business Objectives must be

Beauchamps High School

Theory

Notes

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 12: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Task 2

Please turn one of you financial and non-financial objectives into a SMART objective

Beauchamps High School

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 13: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Business Aims

Business objectives are SMART, and are a stepping stone to the overall AIMS of the business

Aims are not always SMARTBusiness do not always know how

they will achieve the Aims – they are a longer term goal

Beauchamps High School

Theory

Notes

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 14: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Task 3

You are going to be launching a Healthy Tuck Shop at Beauchamps High School

You need to list your Financial and non-financial objectives for this business

All objectives must be smart

Beauchamps High School

http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 15: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

Plenary task - Watch the following clip

https://www.youtube.com/watch?v=bpko3CPHonQ

What do you think are the objectives of this?

Beauchamps High School

https://www.youtube.com/watch?v=bpko3CPHonQ
http://www.school-portal.co.uk/GroupDownloadFile.asp?GroupId=40240&ResourceID=1307598
Page 16: Starter What do you hope to achieve by the time you are 21? Write notes in your book. How will you achieve this? What steps will you take? Will

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