Changing the way you learn

Business in Contemporary Society
1. Factors of Production
  1. Land (natural resources)
  2. Labour (people who work in business)
  3. Capital (Finance and man made tools)
  4. Enterprise (Bringing all the others together)
2. Sectors
  1. Primary
    1. Acquiring Raw Materials
  2. Secondary
    1. Manufacturing and Assembly
  3. Tertiary
    1. Commercial Services
3. Aims and Objectives of businesses
  1. Survival
  2. Growth
  3. Profit Maximisation
  4. Social Responsibility
  5. Provide a Service
4. Pestec
  1. Political
  2. Economic
  3. Social
  4. Technological
  5. Environmental
  6. Technological
5. Methods of expansion
  1. Horizontal Intergration
  2. Vertical Intergration
  3. Merger
  4. Takeover
  5. Demerger
  6. Divestment
  7. Outsourcing
Business Information and ICT
1. Sources of Information
  1. Primary
  2. Secondary
  3. Internal
  4. External
2. Types of Information
  1. Oral
  2. Written
  3. Graphical
  4. Numerical
  5. Qualitative
  6. Pictorial
  7. Quantitative
3. Value of Information
  1. Cost Effective
  2. Timely
  3. Objective
  4. Complete
  5. Available
  6. Appropriate
  7. Accurate
  8. Concise
4. ICT
  1. Tablets & PC'S
  2. Video Conferencing
  3. Ecommerce
  4. Email
  5. Internet
  6. Smart Phones
  7. Laptops
  8. A Network
5. Uses of ICT
  1. Provision of Information for Staff
  2. Decision Making
  3. Maintains Business Records
  4. Provides Effective Communication
Decision Making in Business
1. Types of Decision
  1. Strategic
    1. Long term
    2. Non Routine
    3. Complex
  2. tactical
    1. Medium term
    2. Less Complex
  3. Operational
    1. Day to Day
    2. Simple
    3. Routine
2. Role of Manager
  1. Plan
  2. Organise
  3. Command
  4. Co-ordinate
  5. Control
  6. Implement
3. Swot
  1. Strengths
  2. Weaknesses
  3. Oppurtunties
  4. Threats
4. POGADSCIE
  1. EVALUATE effectiveness
  2. COMMUNICATE the decision
  3. SELECT best possible solution
  4. Indentify the PROBLEM
  5. Gather INFORMATION
  6. ANALYSE information
  7. Plan and IMPLEMENT solution
  8. Identify OBJECTIVES of solution
  9. DEVISE possible solutions
Internal Organisation
1. Grouping of Activities
  1. Product/Service
  2. Functional
  3. Customer
  4. Place/Territory
2. Main areas of Business Activity
  1. Marketing
  2. Finance
  3. Human Resources
  4. Operations
3. Organisational Structure
  1. Tall
  2. Flat
  3. Matrix
  4. Entrepreneurial
4. Corporate Culture
  1. The way things are done around here
  2. Logos
  3. Uniforms
  4. Benefits
    1. Customers Become aware of Standards
    2. Staff Motivation
    3. Staff Loyalty

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Business Enterprise

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	Created by Alistair Walker over 11 years ago