Aim: The aim of this unit is to develop learners` understanding of planning and managing the use of an organization`s financial resources. Learners will grasp the importance of achieving business objectives and maximizing shareholder return. They will also gain practical knowledge of business strategy design and the development of comprehensive business plans.

Learning Outcomes:

1. Understand the significance of strategic management and decision making to the performance of a business organization.
2. Understand key financial theories.
3. Apply stakeholder analysis and corporate valuation techniques.
4. Comprehend the role of culture in strategic decision making.
5. Understand performance measurement systems.

Scenario:

You are tasked with selecting a business organization you are familiar with to identify its competitive strategies. Additionally, you will identify other business organizations in a similar industry for comparative analysis. Ensure your choice of organizations is approved by your tutor.

Task 1 - Business Report:

Prepare a comprehensive business report for the Directors of your chosen company. Your report should include the following key elements:

• An analysis, using relevant academic theories, of internal and external organizational factors influencing your chosen business.
• Evaluation of business resources utilized by your chosen organization to meet its objectives.
• Assessment of key performance measurement systems.
• Explanation of financial analysis techniques commonly used by business organizations.
• Application of financial analysis systems to assess the financial performance of your chosen organization`s final accounts, including comparison with at least two other studied organizations.
• Insight into the role of organizational culture in strategy development.
• Analysis of change management within the organization.
• Evaluation of how culture impacts change management.
• Review of key financial theories.
• Examination of strategic implementation techniques including balanced scorecard and portfolio management tools.
• Application of stakeholder analysis to your chosen organization, focusing on:
  • Significance of stakeholder analysis.
  • Business expansion methods and their stakeholder impact.
  • Return and risk computations.
  • Corporate and business valuation techniques.

Referencing:

Ensure each section includes appropriate Harvard style citations to support your analysis and findings.

This revised content aims to clarify the unit`s objectives and the tasks involved in the business report, emphasizing the importance of strategic financial management and decision-making in the context of accounting and finance at the OTHM Level 7 Diploma level.