Workers Participation Revision Notes

Worker participation

Worker participation refers to the influence that workers had on decision-making at management level. Representative workers of influence achieved this through their work on the various management-employee committees.

Advocate workers of influence used formal, individual meetings with management to influence their thinking. Informal workers of influence give input to management thinking in informal arenas such as articles in the newsletter and informal discussion where they exchange information with management.

Participation requires that management share information about the operation of the plant, the marketplace and the needs of customers and suppliers.

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Disney to buy Marvel Entertainment

Entertainment giant Walt Disney is to buy Marvel Entertainment in a shares and cash deal valued at $4bn (£2.5bn).
The boards of Disney and Marvel have both approved the deal, which now needs the backing of Marvel shareholders and competition authorities.

Read full article on this deal click here

Watch a video report Click here

Free Trade Zones

What is a free trade zone?

Free trade zones, describe an arrangement where different trading entities, usually member countries, agree to cut or scrap taxes in order to lower business costs and remove bureaucracy. They are also known as "special economic zones" and are mostly found in developing economies. The aim is to give a massive artificial boost to trade, especially between raw material producers and manufacturing based economies. These zones are also attractive to foreign investors as it's cheaper for them to do business there.

Read more about 'Free trade zones in Africa' in this BBC Article. Click here

Fiat workers protest at mergers

Fiat and Chrysler have completed the strategic alliance that will put Chrysler's good assets into a new firm.
Thousands of Fiat car workers in Italy have been staging a demonstration to demand job guarantees. The protesters are concerned that a possible merger with Opel would result in factory closures.

Fiat turns corner in poor economy

Italian carmaker Fiat is due to release its second-quarter results on Wednesday with some industry analysts predicting the company could return to profit.

Fiat has been pushing hard with a range of new models and government-backed incentive schemes to turn around its fortunes.

Strategic Management Revision notes

Strategic Management

Strategic or institutional management is the conduct of drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives.It is the process of specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs.

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Business studies and Economics Mind maps

Mind map for A Level Business studies, Operation Management topic is available for download from dineshbakshi.com. This mind map clearly explains the concept of production and productivity.
Another mind map for IGCSE, GCSE Economics 'Spending, Saving and Consumption' is now available for download.

Click here to goto dineshbakshi.com Mindmaps section

Affect of Exchange rate fluctuation on businesses

Many times students are expected to evalute the affect of exchange rate fluctuations on the businesses in the country. dineshbakshi.com has recently added revision notes on this topic. A brief summary is given below...
How fluctuation in exchange rate affects business.
Let’s take the example of Britain and US. If the value of Pound Sterling fluctuates in comparison to US$, then, how will it affect different businesses in United States?
Appreciation of Currency
US Dollar becomes expensive as compared to British Pound.
In order words, there is an Appreciation in the value of US$
Earlier 1 Pound could get $1.5,
Now 1 Pound can only get $1.3 (because US$ has appreciated)
It will directly affect US Importer and Exporters. Lets see how…
US Importers will GAIN because now US$ dollar can buy more from Britain. Earlier $1.5 could get only 1 Pound worth of goods from UK but now US importer have to pay only $1.3 to get 1 Pound worth of goods from UK.
Read more... Click here

5 Solved examples on Decision Tree topic

Decision Trees are useful tools for helping you to choose between several courses of action.

They provide a highly effective structure within which you can explore options, and investigate the possible outcomes of choosing those options. They also help you to form a balanced picture of the risks and rewards associated with each possible course of action.

This makes them particularly useful for choosing between different strategies, projects or investment opportunities, particularly when your resources are limited. 

This topic is not covered in the IGCSE syllabus but is relevant to A Level Business Studies students.

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Click here to download questions (with solutions) on decision tree

Budgets and Variance Analsyis revision notes

A budget is a document that translates plans into money - money that will need to be spent to get your planned activities done (expenditure) and money that will need to be generated to cover the costs of getting the work done (income). It is an estimate, or informed guess, about what you will need in monetary terms to do your work.
This process of financial planning known as budgeting.
Click here to goto detailed revision notes on budgeting
These notes also cover the benefits and drawbacks of budgeting.
What is Variance analysis?
A variance is the difference between an actual result and an expected result. The process by which the total difference between standard and actual results is analysed is known as variance analysis. When actual results are better than the expected results, we have a favourable variance. If, on the other hand, actual results are worse than expected results, we have an adverse.
Click here to goto detailed revision notes on Variance analysis