What you’ll learn15 learning objectivesChoose one objective for a focused lesson, or study the complete topic.6.1.1SWOT analysis• Tool for analysing strengths, weaknesses, opportunities, and threats• Suggested integration: Units 1, 2, 3, 4, and 5Syllabus objective6.1.2Ansoff matrix• Tool for analysing growth strategies through markets and products• Suggested integration: Units 1 and 4Syllabus objective6.1.3STEEPLE analysis• Tool for analysing social, technological, economic, environmental, political, legal, and ethical external factors• Suggested integration: Units 1, 2, and 4Syllabus objective6.1.4Boston Consulting Group matrix• Tool for analysing product portfolio position and resource allocation• Suggested integration: Units 3 and 4Syllabus objective6.1.5Business plan• Tool for planning business aims, operations, marketing, finance, and strategy• Suggested integration: Units 1, 2, 3, 4, and 5Syllabus objective6.1.6Decision trees• Tool for analysing choices, probabilities, expected outcomes, and risk• Suggested integration: Units 1 and 5Syllabus objective6.1.7Descriptive statistics• Includes mean, mode, median, bar charts, pie charts, infographics, quartiles, and standard deviation• Suggested integration: Units 2, 3, 4, and 5Syllabus objective6.1.8Circular business models• Includes circular supply, resource recovery, product life extension, sharing, and product service system models• Suggested integration: Units 1 and 5Syllabus objective6.1.9(HL)—Force field analysis• HL tool for analysing driving and restraining forces for change• Suggested integration: Units 2 and 5Syllabus objective6.1.10(HL)—Gantt chart• HL tool for scheduling tasks and project timelines• Suggested integration: Units 4 and 5Syllabus objective6.1.11(HL)—Hofstede's cultural dimensions• HL tool for analysing cultural differences and their impact on business• Suggested integration: Units 2, 4, and 5Syllabus objective6.1.12(HL)—Porter's generic strategies• HL tool for analysing broad competitive strategies• Suggested integration: Units 1 and 4Syllabus objective6.1.13(HL)—Contribution• HL tool including make or buy analysis, contribution costing, and absorption costing• Suggested integration: Units 3, 4, and 5Syllabus objective6.1.14(HL)—Critical path analysis• HL tool including completion and analysis of a critical path diagram• Drawing the critical path diagram is not expected• Includes identification of the critical path and calculation of free and total float• Suggested integration: Units 4 and 5Syllabus objective6.1.15(HL)—Simple linear regression• HL tool including scatter diagrams, line of best fit, correlation, and extrapolation• Suggested integration: Units 1, 4, and 5Syllabus objective
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