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Unit 6 Business management toolkit

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  1. 6.1 Business management tools

    1. 6.1.1SWOT analysis

      • Tool for analysing strengths, weaknesses, opportunities, and threats • Suggested integration: Units 1, 2, 3, 4, and 5

    2. 6.1.2Ansoff matrix

      • Tool for analysing growth strategies through markets and products • Suggested integration: Units 1 and 4

    3. 6.1.3STEEPLE analysis

      • Tool for analysing social, technological, economic, environmental, political, legal, and ethical external factors • Suggested integration: Units 1, 2, and 4

    4. 6.1.4Boston Consulting Group matrix

      • Tool for analysing product portfolio position and resource allocation • Suggested integration: Units 3 and 4

    5. 6.1.5Business plan

      • Tool for planning business aims, operations, marketing, finance, and strategy • Suggested integration: Units 1, 2, 3, 4, and 5

    6. 6.1.6Decision trees

      • Tool for analysing choices, probabilities, expected outcomes, and risk • Suggested integration: Units 1 and 5

    7. 6.1.7Descriptive statistics

      • Includes mean, mode, median, bar charts, pie charts, infographics, quartiles, and standard deviation • Suggested integration: Units 2, 3, 4, and 5

    8. 6.1.8Circular business models

      • Includes circular supply, resource recovery, product life extension, sharing, and product service system models • Suggested integration: Units 1 and 5