Below is a list of business studies theory articles relating to the Finance section of Business Case Studies. Choose your sub topic from the list of arrowed links below the Finance heading to find all theoretical explanations.
This page aims to help you understand the theory of sources and uses of finance at GCSE and A-Level.
Learn about finance from the experts
Business Case Studies work with some of the world's largest and most successful companies to bring you real life finance case studies to help you with your studies.
By working from real world finance examples, you will get more from your business education than ever before and learn from true experts.
What is ‘finance theory’?
This part of the curriculum looks at the whole
area of management Human Resources within an organisation - from understanding
what an organisation needs in terms of human resources (numbers, skills etc)
to acquiring and retaining those resources. This includes:
Organisational structure - identifying which
structure is most relevant to delivering an organisation's objectives (hierarchy,
flat, matrix) and the benefits/constraints of each.
Workforce planning - the process of evaluating
the current and future human resource needs both in terms of numbers of
people and skills and competencies to ensure current product/service supply
and future succession planning
Management versus leadership - looking at the
functions of both managers and leaders and the difference between them,
as well as the varying leadership styles and how each is applicable to
different circumstances or timescales.
Recruitment and selection - highlighting the
range of processes organisations use (internal and external) to attract
the most appropriate candidates. This involves use of job descriptions
and person specifications.
Training and development - focusing on the
difference between training (specific skills for a job) and development
(improving an individual's potential for growth). Also explaining the different
methods and types of training - on- and off-the-job, as well as eg coaching,
mentoring, secondments. Looking also at the use of appraisals as a means
of identifying skills gaps and measuring performance.
Motivation - explaining a variety of different
motivational theories (Herzberg, Maslow, Mayo, Taylor) and how they apply
in the workplace in different circumstances, looking at financial and non-financial
Team working - understanding the value of team
working in an organisation and the different roles team members may have
Roles and responsibilities - exploring the
range of job roles at three key levels - operative, supervisor and senior
manager (with examples) - and the typical responsibilities associated with
Communication - outlining the process of communication
and explaining how to manage each element (sender, receiver, message, method
of transmission) as well as the potential barriers (noise).
Employment legislation - examples include health
and safety, minimum wage (fair pay), equal opportunities.
Equal opportunities - what an organisation
needs to do to ensure no discrimination on grounds of race, ethnicity,
religion, sex, age etc.
Employer/employee relations - explaning the
role of trade unions in the workplace, involving negotiation on terms and
conditions, collective bargaining, providing employee representation.