To excel in Business Studies Paper 2 questions like the one on lean production methods, here are some targeted tips:
Understand the Assessment Objectives:
1. AO1 (Knowledge and understanding):
• Memorize key definitions and concepts, like ‘Kaizen’ and ‘Just-in-time inventory control’.
• Understand the principles behind these methods.
2. AO2 (Application):
• Apply the concepts of Kaizen and Just-in-time specifically to the context provided in the case study or business scenario in the question.
• Use details from the case study to show how each method could be implemented.
3. AO3 (Analysis):
• Examine the potential impact of each method on the business.
• Look for both benefits and drawbacks, and make connections between the business’s objectives and how these methods could help achieve them.
4. AO4 (Evaluation):
• Critically compare the effectiveness of both methods.
• Consider the long-term and short-term implications, as well as any financial, operational, or human resource considerations.
• Conclude with a justified recommendation based on your analysis.
For the Specific Question on Lean Production:
1. Define Kaizen and Just-in-time:
• Briefly explain each term to demonstrate understanding.
• Mention how each could apply to the specific business in the scenario.
2. Analyze Both Methods:
• Discuss how Kaizen, with its continuous improvement philosophy, could influence the business processes.
• Explain the benefits of Just-in-time, like reducing waste and improving cash flow by minimizing inventory.
3. Make a Recommendation:
• After analyzing both, recommend the method that best aligns with the business’s needs, goals, and capabilities.
• Justify your choice based on the case study, using evidence to back up your recommendation.
Writing the Answer:
• Introduction: Briefly introduce both concepts and their relevance to lean production.
• Body: Dedicate one or two paragraphs to each method, discussing them in the context of the business.
• Conclusion: Clearly state your recommendation and justify it thoroughly with evidence from the case study.
General Tips:
• Use professional language and business terminology.
• Be concise but thorough.
• Always refer back to the case study.
• Proofread your answer to ensure clarity and correctness.
Remember, examiners are looking for depth of understanding, the ability to apply knowledge to new situations, and the capacity to analyze and make informed judgments. Good luck!