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52670 guide Critical Issues in Business Success and Failure Program Support Notes by Samantha Eddy Bachelor of Education Social Science Produced by VEA Pty Ltd Commissioning Editor Sandra Frerichs B Ed M Ed Executive Producers Edwina Baden-Powell B A CVP

Critical Issues in Business Success and Failure Program Support Notes by Samantha Eddy Bachelor of Education Social Science Produced by VEA Pty Ltd Commissioning Editor Sandra Frerichs B Ed M Ed Executive Producers Edwina Baden-Powell B A CVP Sandra Frerichs B Ed M Ed ? VEA Group Pty Ltd Reproducing these support notes You may download and print one copy of these support notes from our website for your reference Further copying or printing must be reported to CAL as per the Copyright Act CCritical Issues in Business Success and Failure For Teachers Introduction The success of a business relies on many varied and important factors The old adage ??fail to plan and you should plan to fail ? rings true This program investigates and outlines the factors which are required to ensure the success of a business and the things that businesses do wrong which lead to failure The main factors that are addressed are the business plan technology ?nance and marketing To assist in highlighting what businesses can do to survive business people from varied ?elds share some advice on what helped them succeed Timeline The business plan - A map for success Trend analysis - Why do businesses fail Management - Sta ?ng and team Balancing ?nances Maintaining competitive Credits End program Related Titles Management Roles ?? Planning Organising Leading Controlling Playing Your Part ?? Diversity in the Workplace Playing Your Part ?? Workplace Relationships Starting an Online Business ?? Small Business Management Series Recommended Resources http www aussietycoon com showthread php -Small-Business-failures-and-why http www thecoca-colacompany com http en wikipedia org wiki Business plan ? VEA Group Pty Ltd Reproducing these support notes You may download and print one copy of these support notes from our website or ClickView for your reference Further copying or printing must be reported to CAL as per the Copyright Act CCritical Issues in Business Success and Failure Student Worksheet Initiate Prior Learning Brainstorm and mind map the factors you think contribute to the success and failure of a business Write the success points in blue and the failure in red De ?ne and discuss your understanding of a business plan and its purpose Using a local business or perhaps a scenario invented by your teacher research some basic information such as location competitors products innovations concerns Construct a SWOT analysis Strengths Weaknesses Opportunities Threats As a class discuss why a SWOT analysis is an important tool for businesses As a class or in a small group work collaboratively to pinpoint a business or organisation that is needed in your local community Use the following steps Step brainstorm your ? favourite ? shop outside the community they live in Step Are there any existing businesses that are similar Step What businesses can the students agree are suitable for their community Step Students complete a short survey to hand out to their year group select classes school which asks from the listed businesses which ONE would they like to have in their community