3. What are goals?
Aims
Objectives
Targets
What you want to achieve
4. Why do we plan?
1. Aims and activities are established clearly.
2. Everyone knows what they are working towards.
3. You can check the progress of the activity against
the plan/to see if any changes are needed/make
decisions.
4. It allows a time frame and deadlines which keeps
everyone on track.
5. To draw up budgets/schedule of costs/be aware
of financial requirements/resources
needed/required when applying for a loan or a
grant.
6. Carry out SWOT analysis, look at
competition, identify weaknesses/anticipate
problems.
5. Why do businesses plan?
1 To foresee and anticipate future trends/changes
in consumer tastes/problems.
2 It allows you set realistic goals/targets which are
achievable.
3 You can review existing position and see if any
changes are needed/make decisions.
4 You are aware of financial requirements and a
plan is needed if applying for a loan or grant.
5 You can draw up budgets and limit
spending/purchase equipment in the future.
6 To keep ahead of the competition.
7. Strengths and Weaknesses
Strengths Weaknesses
Are positive Are negative
Are internal Are internal
Are present Are present
8. Opportunities and Threats
Opportunities Threats
Are positive Are positive
Are external Are external
Are in the future Are in the future
9. Plans should be SMART
Specific
Measurable
Agreed
Realistic
Timed
10. Swot analysis of a business
Strengths can include
(i)Location
(ii)Product/service
(iii)Staff
(iv) Reputation
(v)Awards won
(vi)Loyal customers – Goodwill
Weaknesses can include
(i)Poor management
(ii)In need of capital
(iii)Out of date premises/equipment
11. • Opportunities can include
(i) New markets/expansion
(ii) New products
• Threats
(i) Competition
(ii) Cost of finance
(iii) Economic downturn.
12. Visits out to a local business
enterprise is very beneficial as
a class activity.
Describe the factors that contributed to the
success or failure of the visit.
1 How well the visit was planned
2 Did arrangements work according to plan?
3 Participation of all the class members.
4 How welcoming/prepared the organization
we visited were for us.
5 The quality of the research on the
organization.
13. Evaluation is the reviewing of
an activity with a view to
assessing if it was
successful/analysing the
information to see if it was a
success or failure/to alter how
we would do the activity in the
future.
14. Why it is important to evaluate
your visit?
1 To review if arrangements went to plan.
2 To see what changes need to be made
for future activities.
3 To review each persons role/ teamwork
of the class.
4 To see if it is worth repeating.
5 To see were the desired aims met.
16. 1 Questionnaire:
• Can be given to the organization visited as
well as to the class.
Reasons:
Easy to administer/collate results.
Can be completed anonymously.
Generally inexpensive.
Good response rate.
They are objective.
17. 2.Class Discussion:
Varying opinions and discussions can be
taken on board.
Reasons :
Easy to organize
Everyone can participate.
Allows one to see how much was
learned.
Good to show improvement or practice
in communication skills.
18. 3 Quality of report
If it has enough
information/correct type of
information been learned.
Reasons:
Easy method to use as all class
members must produce a report.
Reports can be compared easily.