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197187
Nature of Business
Description
Business Mind Map on Nature of Business, created by taylah.dann on 08/09/2013.
No tags specified
business
business
Mind Map by
taylah.dann
, updated more than 1 year ago
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Created by
taylah.dann
about 11 years ago
40
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Resource summary
Nature of Business
Importance of Business
Wealth Creation
Generation of Profit
Employment
Innovation
Choice
Provider of Goods/Services
Quality of Life
Soure of Gov. renvue
Goals
Financial
Profit Maximisation
Return on Investment
Increased Market Share
Social
Community Service
Environmental Protection
Personal
Job Satisfaction
Power and Influence
Stakeholders
Customers
Owners
Employees
Government
Suppliers
Society
Comp.
Types of Businesses
Legal Stucture
Sole
Partnership
2 or more
Private
1-50 Shareholder
Public
Unlimited Shareholders
Size
Industry/Classification
Primary
Production with Natural Resouces
Farming and Mining
Secondary
Taking raw materials and making them into semi-finished products
Carpentry and Ford
Tertiary
Selling and Transportation
Myer and Lyn Fox
Quinary
Domestic Services
Nursing,Tourism, Hospotality
Quaternary
Transfer and Processing of Information
Business Environment
External Influences
GEMSPLIT FC
Geographic
Environment
Market
Social
Political
Legal
Institutional
Technological
Financial
Competition
Internal Influences
LaMB RaP
Location
Management
Business Culture
Resource Management
Product
Business Lifecycle
Establishment
Sales Low, establishing costs high
Growth
Increased Sales, Diversification
Eg. Ripcurl moved away from prime function to reap benefits from other areas
Maturity
Business becomes steady
Post-Maturity
Renewal
Steady
Decline - Cessation
Voluntary
Involuntary
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