The unit is designed to help learners understand what is expected from them in working for a growing organisation.
The three units explore the relationship between enterprising behaviour and business success, the different ways in which firms can grow and the different types of business that they might be expected to work in.
To introduce the concept of working for and managing creatively within a smaller growth organisation. This unit examines how the small business grows, reasons for success and how best to manage available growth options. This will give the learner a greater understanding of fast growth organisations in both private and social sectors of the economy.
Learners will develop skills to support their ability to understand business strategy and development with an emphasis on business growth.
Learning Outcomes and Assessment Criteria
On successful completion of this unit a learner will be able to:
|1. Examine growth options and the resource implications on organization structures and operations
|1.1 Illustrate the differences between strategy and a plan
1.2 Provide ideas and examples of different
approaches to delivering business growth
|1.3 Analyse the impact and resource requirements likely for growth strategies in a range of organisations
|2. Develop an appreciation of different business models and how performance and success of ventures may be evaluated
|2.1 Analyse different business models and their revenue streams
|2.2 Identify and recommend ways in which business performance can be measured and new ventures evaluated
|2.3 Provide examples of innovation in businesses and comment on their success
|3. Evaluate environmental scanning and how growth options may be analysed
|3.1 Use environmental scanning as a tool to identify business opportunities
|3.2. Analyse businesses that have successfully used environmental scanning
|3.3 Provide examples of strategic fit in determining growth options