{"id":8,"date":"2023-02-28T12:12:47","date_gmt":"2023-02-28T12:12:47","guid":{"rendered":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n4businessmanagement\/?page_id=8"},"modified":"2023-03-01T12:24:56","modified_gmt":"2023-03-01T12:24:56","slug":"homepage","status":"publish","type":"page","link":"https:\/\/blogs.glowscotland.org.uk\/glowblogs\/n4businessmanagement\/","title":{"rendered":"N4 Business Management"},"content":{"rendered":"<h1><span style=\"color: #ff0000\">Business in Action<\/span><\/h1>\n<p><strong>Outcome 1<\/strong><\/p>\n<p>The learner will:<\/p>\n<p>Give an overview of how small businesses operate by:<\/p>\n<p>1.1\u00a0 \u00a0Outlining reasons for individuals setting up in business<br \/>\n1.2\u00a0 \u00a0Describing skills and qualities of entrepreneurs when developing a business<br \/>\n1.3\u00a0 \u00a0Selecting a type of small business and outlining its features<br \/>\n1.4\u00a0 \u00a0Describing sources of business finance and support when setting up a small business<\/p>\n<p><strong><br \/>\nOutcome 2<\/strong><\/p>\n<p>The Learner will:<\/p>\n<p>Give an overview of how small businesses satisfy customer needs by:<\/p>\n<p>2.1\u00a0 \u00a0Stating the importance to a business of satisfying customer needs<br \/>\n2.2\u00a0 \u00a0Outlining how small businesses use market research information to satisfy the needs of customers<br \/>\n2.3\u00a0 \u00a0Describing promotional strategies used by small businesses<br \/>\n2.4\u00a0 \u00a0Describing quality measures used by small businesses<\/p>\n<p><strong><br \/>\nOutcome 3<\/strong><\/p>\n<p>The Leaner will:<\/p>\n<p>Apply an understanding of the key functional activities of small businesses by:<\/p>\n<p>3.1\u00a0 \u00a0Describing the way in which each of the functional activities of marketing, operations, human resources and finance support a small business<br \/>\n3.2\u00a0 \u00a0Outlining how two functional activities work together in supporting small businesses<\/p>\n<h1><span style=\"color: #ff0000\">Influences in Business<\/span><\/h1>\n<p><strong>Outcome 1<\/strong><\/p>\n<p>The learner will:<\/p>\n<p>Give an overview of key stakeholders in a small business and their<br \/>\ninfluence on it by:<\/p>\n<p>1.1\u00a0 \u00a0Identifying internal and external stakeholders in a small business<br \/>\n1.2\u00a0 \u00a0Describing the influences stakeholders can have on a small business<\/p>\n<p><strong>Outcome 2<\/strong><\/p>\n<p>The learner will:<\/p>\n<p>Make decisions on the running of a small business, taking account of<br \/>\ninternal influences by:<\/p>\n<p>2.1\u00a0 \u00a0Interpreting a simple cash budget or breakeven chart in order to reach a decision<br \/>\n2.2\u00a0 \u00a0Interpreting a simple job costing statement from data provided in order to reach a<br \/>\ndecision<br \/>\n2.3\u00a0 \u00a0Outlining the purpose of training employees<br \/>\n2.4\u00a0 \u00a0Describing methods of motivating staff<\/p>\n<p><strong>Outcome 3<\/strong><\/p>\n<p>The learner will:<\/p>\n<p>Give an overview of external influences that affect a small business by:<\/p>\n<p>3.1\u00a0 \u00a0Identifying the influences<br \/>\n3.2\u00a0 \u00a0Outlining the impact of influences on a small business<br \/>\n3.3\u00a0 \u00a0Describing a response to the influences by a small business<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business in Action Outcome 1 The learner will: Give an overview of how small businesses operate by: 1.1\u00a0 \u00a0Outlining reasons for individuals setting up in business 1.2\u00a0 \u00a0Describing skills and qualities of entrepreneurs when developing a business 1.3\u00a0 \u00a0Selecting a type of small business and outlining its features 1.4\u00a0 \u00a0Describing sources of business finance and 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