Nature of Business

taylah.dann
Mind Map by , created about 6 years ago

Business Mind Map on Nature of Business, created by taylah.dann on 09/08/2013.

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taylah.dann
Created by taylah.dann about 6 years ago
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Nature of Business
1 Importance of Business
1.1 Wealth Creation
1.2 Generation of Profit
1.3 Employment
1.4 Innovation
1.5 Choice
1.6 Provider of Goods/Services
1.7 Quality of Life
1.8 Soure of Gov. renvue
2 Goals
2.1 Financial
2.1.1 Profit Maximisation
2.1.2 Return on Investment
2.1.3 Increased Market Share
2.2 Social
2.2.1 Community Service
2.2.2 Environmental Protection
2.3 Personal
2.3.1 Job Satisfaction
2.3.2 Power and Influence
3 Stakeholders
3.1 Customers
3.2 Owners
3.3 Employees
3.4 Government
3.5 Suppliers
3.6 Society
3.7 Comp.
4 Types of Businesses
4.1 Legal Stucture
4.1.1 Sole
4.1.2 Partnership
4.1.2.1 2 or more
4.1.3 Private
4.1.3.1 1-50 Shareholder
4.1.4 Public
4.1.4.1 Unlimited Shareholders
4.2 Size
4.3 Industry/Classification
4.3.1 Primary
4.3.1.1 Production with Natural Resouces
4.3.1.1.1 Farming and Mining
4.3.2 Secondary
4.3.2.1 Taking raw materials and making them into semi-finished products
4.3.2.1.1 Carpentry and Ford
4.3.3 Tertiary
4.3.3.1 Selling and Transportation
4.3.3.1.1 Myer and Lyn Fox
4.3.4 Quinary
4.3.4.1 Domestic Services
4.3.4.1.1 Nursing,Tourism, Hospotality
4.3.5 Quaternary
4.3.5.1 Transfer and Processing of Information
5 Business Environment
5.1 External Influences
5.1.1 GEMSPLIT FC
5.1.1.1 Geographic
5.1.1.2 Environment
5.1.1.3 Market
5.1.1.4 Social
5.1.1.5 Political
5.1.1.6 Legal
5.1.1.7 Institutional
5.1.1.8 Technological
5.1.1.9 Financial
5.1.1.10 Competition
5.2 Internal Influences
5.2.1 LaMB RaP
5.2.1.1 Location
5.2.1.2 Management
5.2.1.3 Business Culture
5.2.1.4 Resource Management
5.2.1.5 Product
6 Business Lifecycle
6.1 Establishment
6.1.1 Sales Low, establishing costs high
6.2 Growth
6.2.1 Increased Sales, Diversification
6.2.1.1 Eg. Ripcurl moved away from prime function to reap benefits from other areas
6.3 Maturity
6.3.1 Business becomes steady
6.4 Post-Maturity
6.4.1 Renewal
6.4.2 Steady
6.4.3 Decline - Cessation
6.4.3.1 Voluntary
6.4.3.2 Involuntary

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