Via Afrika Business Studies: Grade 10 Study Guide

Introduction

• Importance of Business Studies
  • Career in business management, finance, administration, or marketing.
  • Helps to: analyze environmental impacts, devise strategies, assess needs, encourage creativity, process data, develop business plans, understand legalities, apply management skills.
• Study Methods: SQ3R (Study, Question, Read, Recall, Revise)

Term 1

Topic 1: The Micro Environment

• Vision, Mission, Goals, Objectives
• Organisational Culture and Resources
• Management and Leadership
• Business Functions
  • General Management, Purchasing, Production, Marketing, Public Relations, Human Resource, Administration, Financial Function
• Quality Management

Topic 2: The Market Environment

• Market Components: Customers, Suppliers, Competitors, Civil Society
• Strategies for Market Challenges

Topic 3: The Macro Environment

• Components: Physical, Economic, Social, Technological, Legal, International, Institutional
• Impact on business operations

Topic 4: Interrelationship of Environments

• Micro, Market, Macro Environment interrelations

Topic 5: Business Sectors

• Primary, Secondary, Tertiary Sectors
• Formal vs Informal Sectors
• Public vs Private Sectors

Term 2

Topic 1: Contemporary Socio-Economic Issues

• Poverty, Inequality, Unemployment, HIV/Aids
• Piracy, Counterfeiting, Crime
• Strikes and Labour Disputes

Topic 2: Social Responsibility

• CSR definitions and initiatives
• Stakeholders: Community, Employees, Suppliers, Government, Competitors

Topic 3: Entrepreneurial Qualities

• Qualities: Opportunity-seeking, Commitment, Perseverance, Risk-taking, Vision

Topic 4: Forms of Ownership

• Types: Sole Proprietor, Partnership, CC, Non-profit, Profit Companies, Co-operatives
• Characteristics, Advantages, Disadvantages

Term 3

Topic 1: Creative Thinking and Problem-Solving

• Techniques: Brainstorming, Delphi, Nominal Group, SCAMPER, Force-field Analysis

Topic 2: Business Opportunities

• Identifying opportunities through research
• SWOT analysis

Topic 3: Business Location Decisions

• Factors: Labour, Environmental, Transport, Infrastructure, Market, Raw Materials, Climate

Topic 4: Contracts

• Types: Employment, Insurance, Lease, Hire Purchase, Rental
• Legal implications

Topic 5: Presentation of Business Information

• Developing and delivering business presentations
• Use of audio-visual aids

Topic 6: Business Plan

• Components: Executive Summary, Description, SWOT, Marketing Plan, Financial Analysis

Term 4

Topic 1: Self-Management

• Skills: Time management, Setting Goals
• Balanced lifestyle, Professional Image

Topic 2: Relationships and Team Performance

• Understanding Objectives, Interpersonal Relationships, Diversity
• Teamwork for business success

These notes cover the key points of the "Via Afrika Business Studies: Grade 10 Study Guide" including all major topics across terms 1 to 4, their subtopics, and the detailed discussion within each section.