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Business Management SQA - Unit One
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Business Management SQA - Unit One
Role of Business in society
- Sectors of Industry
- Primary, Secondary, Tertiary, Quaternary
- Sectors of Economy
- Public, Private, Third
Types of Organisations
- PLC
- LTD
- Franchise
- Multinational
- Public Sector
- Third Sector
Objectives
- Private
- Maximise Profit
- Market Leader
- Customer Service
- Survival
- Market Share
- Growth
- Social Responsibility
- Public
- Create Employnment
- Make best use of funds avaliable
- locates in regions where there is underdevelopment
- provide services for the community
- Time
- Voluntary
- Raise Funds for people in need
- Improve lives of those in need
- Improve Machinery
- Maxamise Donations
- Raise Awareness
- Private
Methods of Growth
- Internal Growth
- Open a new branch
- Take on more workers
- Increase machinery/equiptment
- Increase product range
- External Growth
- Horizontal Interogation
- Backward Verticle
- Forward Verticle
- Conglomerate Interogtion (diversification)
- Demerger
- Disinvestment
- Downsizing
- Outsourcing
- Internal Growth
External factors
- Political
- Economic
- Environmental
- Social
- Technological
- Competitive
Internal Factors
- Staffing
- Finance
- Technology
- Corporate Culture
Business Structure
- Organisational Structure
- Tall
- Flat
- Tall
- Span of Control
- Wide
- Narrow
- Wide
- Chain of command
- Long
- Short
- Long
- Organisational Relations
- Line
- Lateral
- Formal Structure
- Informal Structure
- Formal Structure
- Lateral
- Line
- Matrix Structure
- Entrepreneurial Structure
- Centralised Structure
- Decentralised Structure
- GROUPINGS
- Functional
- Product/Service
- Customer
- Place/Territory
- Line
- Staff
- Technological
- Organisational Structure
Stakeholders
- Conflict
- Customers > Owners
- Government > Owner
- Customers > Employees
- Interdependence
- Manufcaturers/Suppliers need someone to buy & sell their product
- Retailers need suppliers to give them goods
- Resolution has to be found to balance interest & influence
- Retailers need suppliers to give them goods
- Manufcaturers/Suppliers need someone to buy & sell their product
- Employees
- Owner
- Supplier
- Customer
- Supplier
- Lender
- Government
- Community
- Government
- Owner
- Conflict
Decision Making
- Strategic
- Tactical
- Operational
- Tactical
- SWOT Analysis
- PEST Analysis
- Factors affecting decisions
- Time
- Money
- Staff Skills
- Money
- Company Policy
- Decision Making
- Avalibility/Quality of Info
- Time
- Strategic
Manager
- Role
- Plans
- Communicates
- Organises
- Oversees work of departments
- Commands
- Coordinates
- Controls
- Delegates
- Monitors + Controls
- Motivates
- Decision Making
- Qualities
- Communication
- Leadership
- Good Judgement
- Initiative
- Organisational
- Motivaitional
- Planning
- Innovation
- Maturity
- Numeracy
- Stress Handling
- Role
Finance
- Long
- Mortgage
- Capital
- Venture Capital
- Debenture
- Venture Capital
- Capital
- Mortgage
- Short
- Bank Overdraft
- Debt Factoring
- Trade Credit
- Debt Factoring
- Bank Overdraft
- Medium
- Bank Loan
- Hire Purchase
- Bank Loan
- Assistance
- Bank Manager
- Lawyer
- EU
- Prince's trust
- Local Businesses
- Lawyer
- Bank Manager
- Long
Information
- Description
- Things I need to know for Unit One - Understanding Business
- Created by
- JonWaddell
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