All of our students following this course will study business in a variety of contexts (e.g. large/small, UK focused/global, service/manufacturing.) When examining these businesses students will focus closely on:
- The four functional areas of a business; finance, marketing HR and operations
- The interrelated nature of business functions and how they affect competitiveness
- The competitive environment and the markets in which businesses operate
- The influences on functional decisions and plans including ethical and environmental issues
- The importance of decision making and the factors that might determine whether a decision is successful e.g. the quality of data and the degree of uncertainty
- How technology is changing the way decisions are made and how businesses operate and compete
- The impact on stakeholders of functional decisions and their response to such decisions
- Use of non-quantitative and quantitative data in decision making (including the interpretation of index numbers and calculations such as ratios and percentages)