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NAT 5 Business Management
Descripción
National 5 Business Management (N5) Mapa Mental sobre NAT 5 Business Management, creado por calum.mcdonald el 07/01/2014.
Sin etiquetas
nat 5 business management
business management (n5)
national 5
Mapa Mental por
calum.mcdonald
, actualizado hace más de 1 año
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Creado por
calum.mcdonald
hace casi 11 años
400
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Resumen del Recurso
NAT 5 Business Management
UNIT 1 Understanding Business
The Business Environment
The Role of Business
Goods & Services
Durable & Non Durable
Tangible & Intangible
Needs & Wants
The Business Cycle
Factors of Production
Wealth Creation
Sectors of Industry
Types of Business Organisation
Private Sector
Sole Traders
Advantages
Disadvantages
Partnerships
Advantages
Disadvantages
Private Limited Company
Advantages
Disadvantages
Public Sector
National Government
Local Government Organisations
Third Sector
Non-Profit Making Organisations
Social Enterprises
Customer Satisfaction
How to Provide?
Why is it Important?
Objectives
What is an Objective?
Examples
Business Influences
External Influences (PESTEC)
Political
Economic
Social
Technological
Environmental
Competitive
Internal Influences
Financial
Human Resources
Current Technology
Stakeholders
Internal
Owners
Shareholders
Employees
External
Banks
Customers
Suppliers
Local Community
Pressure Groups
Government
National
Local
Interest & Influence
UNIT 2 Marketing & Operations
Marketing
What is Marketing?
Why is Marketing Important?
The Role of Marketing
Customers and Market Segments
Why Segment?
Methods of Segmentation
The Marketing Mix
Product
Why is it Important?
New Product Development
Product Life Cycle
Introduction
Growth
Maturity
Decline
Branding
Advantages
Disadvantages
Price
Why is it Important?
Deicing on a Price
Pricing Strategies
Low Price
High Price
Promotional Pricing
Cost-Plus Pricing
Psychological Pricing
Place
Why is it Important?
Deciding on a Location
Distribution Methods
Advantages
Disadvantages
Promotion
Why is it Important?
Advertising
Methods of Advertising
Advantages
Disadvantages
Other Promotion Methods
Special Offers
Free Samples
Celebrity Endorsement
Market Research
Types of Market Research
Field Research
Advantages
Disadvanatages
Desk Research
Advantages
Disadvantages
Why Carry Out Market Research?
Methods of Market Research
Personal Interview
Focus Groups
Postal Survey
Telephone Survey
Online Survey
Hall Test
Observation
EPOS
Social Neworking Website
Operations
What is Operations?
IPO
Suppliers
Selecting a Supplier
Stock Management
What is Stock?
Consequences of Too Little Stock
Consequences of Too Much Stock
Methods of Production
Job Production
Advantages
Disadvantages
Batch Production
Advantages
Disadvantages
Flow Production
Advantages
Disadvantages
Capital vs Labour Intensive
Advantages
Disadvantages
Quality
Methods of Ensuring Quality
Quality Control
Advantages
Disadvantages
Quality Management
Advantages
Disadvantages
Other Methods
Advantages
Disadvantages
Why is it Important?
Ethical & Environmental
UNIT 3 HRM & Finance
HRM
The Role of the HRM
Recruitment & Selection
Motivation & Training
Providing Safe Working Conditions
Relationships
Employee Pay
Recruitment & Selection
Recruitment Process
Indentify a Vacancy
Carry Out a Job Analysis
Prepare a Job Description
Prepare a Person Specification
Advertise the Job
Send Out Applications
Selection
Interviews
Advantages
Disadvantages
References
Test
Advantages
Disadvantages
Training
Induction Training
On-The-Job Training
Advantages
Disadvantages
Off-The-Job Training
Advantages
Disadvantages
Motivation & Retaining
Financial Incentives
Salary
Time Rate
Overtime
Piece Rate
Bonus
Commission
Non-Financial Incentives
(Flexible) Working Practices
Examples
Employee Benefits
Employer Benefits
Industrial Action
Types of Industrial Action
Impact
Legislation
The Equalities Act
The National Minimum Wage Act
The Health & Safety at Work Act
Data Protection Act
Finance
The Role of Finance
Sources of Finance
Ownership Capital
Bank Loan
Friends & Family
Government Grants
Support Organisations
Bank Overdraft
Hire Purchase
Mortgage
Break-Even
Types of Costs
Revenue
Profit Statements
Gross Profit
Net Profit
Technology in Finance
Spreadsheets
Cash Budgeting
Cause of Poor Cash Flow
How to Improve?
Cash Budgets
Advantages
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