Lecture Notes: Business Studies Grade 11

Foreword

• Absa plays a shaping role in Africa's growth through sustainable actions.
• Absa supports Digital Learner Books and Teacher Guides for Business Studies Grades 10 to 12.

Term 1 Overview

Topic 1: Influences on Business Environments

• Units
  • Revising micro, market, and macro environments.
  • Business control over these environments.
  • Challenges within these environments.
• Learning Objectives: Identify components, control challenges, and suggest involvement methods.

Topic 2: Challenges of the Business Environments

• Units
  • Micro, market, and macro environment challenges.
• Key Concepts: Competition, strikes, socio-cultural factors, legal legislation.

Topic 3: Adapting to Business Environments

• Units
  • Adapting strategies, direct influences, and networking.
• Learning Objectives: Discuss strategic responses, lobbying, networking.

Topic 4: Contemporary Socio-Economic Issues and Businesses

• Units
  • Impact on operations, piracy, industrial relations.
• Learning Objectives: Identify socio-economic issues, discuss ethical misconduct.

Topic 5: Business Sectors

• Units
  • Primary, secondary, and tertiary sectors.

Topic 6: Benefits of a Company Over Other Forms of Ownership

• Units
  • Forms of ownership, benefits, and challenges.

Topic 7: Avenues of Acquiring Businesses

• Units
  • Reasons for buying existing businesses, franchising, outsourcing, leasing.

Term 2 Overview

Topic 8: Creative Thinking and Problem Solving

• Units
  • Creative thinking, problem-solving techniques, solutions.

Topic 9: Stress, Crisis, and Change Management

• Units
  • Stress management, crisis handling, change management.

Topic 10: The Marketing Function

• Units
  • Marketing roles, product development, pricing, distribution, communication.

Topic 11: The Production Function

• Units
  • Production systems, planning, safety, quality control, costs.

Topic 12: Professionalism and Ethics

• Units
  • Professional and ethical behavior, theories of ethics, ethical business practices.

Key Concepts

• Professionalism: Specialized knowledge and skills in practice.
• Ethics: Moral principles guiding behavior.
• Change Management: Adapting to changes in business environments.
• Stress Management: Techniques to handle workplace stress.

Activities and Assessments

• Emphasis on practical applications, case studies, and scenario analysis.
• Regular assessments and consolidation activities.
• Formal assessment tasks provided for each term.

Additional Resources

• QR codes and links for further reading and video resources.
• Mind maps and summaries to aid in revision.