May/June 2023 Business

Unit AS Level A – Level

Components Components added Components removed Components added
removed
1 – Business i. Social i. Quaternary i. BCG matrix now i. Market failure + Government actions
and its auditing sectors of a part of AS ii. Social and environmental auditing
environment economy which had been iii. Impact of competition and suppliers on businesses.
ii. Reasons and previously a iv. International trading links and trade arrangements.
significance of part of Unit 6 – v. Sustainability
these sectors Strategic vi. Blue ocean strategies
Unit 6 changing management vii. Transformational leadership – Meaning and
(Strategic iii. External growth importance
analysis) has (Friendly Mergers viii. Strategic analysis (Except BCG)
been removed + Hostile ix. Strategic choice
and integrated takeovers) x. Strategic implementation
into unit 1 for
A2 Level.
2 – Human i. Emotional i. More details over i. Trade unions i. Key leadership theories – Trait, behavioral,
resource intelligence redundancy and and collective contingency, power, influence and
management moved to A2. dismissal bargaining transformational.
ii. Leadership (Voluntary vs ii. Cooperation ii. Emotional intelligence
purpose, involuntary & between iii. Flexi working – Annualized hours + gig economy
roles and fair/unfair management iv. Artificial intelligence.
qualities in A2 dismissal) and workforce v. Human resource strategy – Paper IV
now. ii. Employee iii. Workforce
development and planning
intrapreneurship
iii. Multiskilling
iv. Cooperation
between
management and
workforce moved
from A2
v. Trade unions and
collective
bargaining moved
from A2
vi. Paternalistic
leadership
vii. Workforce
planning
Unit AS Level A Level
Components Components Components removed Components added
removed added
3 – Marketing None i. The costs of CRM None. i. More detail on international marketing and
ii. Identification of globalization.
main features of ii. Global strategies.
markets iii. Artificial intelligence.
iii. Consumers + iv. Marketing Strategy – Paper IV.
Customer
characteristics
iv. Analysis of
quantitative and
qualitative data
v. BCG matrix
vi. Psychological
pricing
4 – Operations i. Location i. Sustainability Capacity utilization i. Location decision
management decision ii. Importance of Outsourcing ii. Scale of operations – EOS and Dis EOS.
ii. Scale of supply chain iii. Operational flexibility.
operations – management iv. Process innovation
EOS and Dis iii. Purpose of Just in v. Artificial intelligence
EOS. Case vi. Operations management strategy – Paper IV
iii. Operational iv. Capacity
flexibility. Utilization
iv. Process v. Outsourcing
Innovation.
5 – Finance and i. Ratios i. Costing i. Costing i. Financial statements
accounting ii. Financial ii. Budgets ii. Budgets ii. Ratios
statements iii. Investment iii. Contents of annual report and usefulness
appraisal – IRR iv. Finance strategy
excluded /
others remain
as it is