Business Enterprise

Business Enterprise

1. Business in Contemporary Society

   • Factors of Production
     • Land (natural resources)
     • Labour (people who work in business)
     • Capital (Finance and man made tools)
     • Enterprise (Bringing all the others together)
   • Sectors
     • Primary
       • Acquiring Raw Materials
     • Secondary
       • Manufacturing and Assembly
     • Tertiary
       • Commercial Services
   • Aims and Objectives of businesses
     • Survival
     • Growth
     • Profit Maximisation
     • Social Responsibility
     • Provide a Service
   • Pestec
     • Political
     • Economic
     • Social
     • Technological
     • Environmental
     • Technological
   • Methods of expansion
     • Horizontal Intergration
     • Vertical Intergration
     • Merger
     • Takeover
     • Demerger
     • Divestment
     • Outsourcing

2. Business Information and ICT

   • Sources of Information
     • Primary
     • Secondary
     • Internal
     • External
   • Types of Information
     • Oral
     • Written
     • Graphical
     • Numerical
     • Qualitative
     • Pictorial
     • Quantitative
   • Value of Information
     • Cost Effective
     • Timely
     • Objective
     • Complete
     • Available
     • Appropriate
     • Accurate
     • Concise
   • ICT
     • Tablets & PC'S
     • Video Conferencing
     • Ecommerce
     • Email
     • Internet
     • Smart Phones
     • Laptops
     • A Network
   • Uses of ICT
     • Provision of Information for Staff
     • Decision Making
     • Maintains Business Records
     • Provides Effective Communication

3. Decision Making in Business

   • Types of Decision
     • Strategic
       • Long term
       • Non Routine
       • Complex
     • tactical
       • Medium term
       • Less Complex
     • Operational
       • Day to Day
       • Simple
       • Routine
   • Role of Manager
     • Plan
     • Organise
     • Command
     • Co-ordinate
     • Control
     • Implement
   • Swot
     • Strengths
     • Weaknesses
     • Oppurtunties
     • Threats
   • POGADSCIE
     • EVALUATE effectiveness
     • COMMUNICATE the decision
     • SELECT best possible solution
     • Indentify the PROBLEM
     • Gather INFORMATION
     • ANALYSE information
     • Plan and IMPLEMENT solution
     • Identify OBJECTIVES of solution
     • DEVISE possible solutions

4. Internal Organisation

   • Grouping of Activities
     • Product/Service
     • Functional
     • Customer
     • Place/Territory
   • Main areas of Business Activity
     • Marketing
     • Finance
     • Human Resources
     • Operations
   • Organisational Structure
     • Tall
     • Flat
     • Matrix
     • Entrepreneurial
   • Corporate Culture
     • The way things are done around here
     • Logos
     • Uniforms
     • Benefits
       • Customers Become aware of Standards
       • Staff Motivation
       • Staff Loyalty