Copy and Edit

NAT 5 Business Management

Description

National 5 Business Studies Mind Map on NAT 5 Business Management, created by Karen Gordon on 26/11/2022.
Karen Gordon
Mind Map by Karen Gordon, updated more than 1 year ago More Less
calum.mcdonald
Created by calum.mcdonald almost 11 years ago
Karen Gordon
Copied by Karen Gordon almost 2 years ago
Karen Gordon
Copied by Karen Gordon almost 2 years ago
1
0
0

Resource summary

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

                                                                                                                                                                                                                                                                                                                              Want to create your own Mind Maps for free with GoConqr? Learn more.

                                                                                                                                                                                                                                                                                                                              Similar

                                                                                                                                                                                                                                                                                                                              Business Studies Unit 1
                                                                                                                                                                                                                                                                                                                              emily.mckechnie
                                                                                                                                                                                                                                                                                                                              Business Studies Unit 2
                                                                                                                                                                                                                                                                                                                              tara.springate
                                                                                                                                                                                                                                                                                                                              1.3.1 Characteristics of Successful Entrepreneurs
                                                                                                                                                                                                                                                                                                                              Molly Hills
                                                                                                                                                                                                                                                                                                                              Unit 1: Business Studies GCSE
                                                                                                                                                                                                                                                                                                                              Libby Rose
                                                                                                                                                                                                                                                                                                                              Unit 3 Business Studies
                                                                                                                                                                                                                                                                                                                              Lauren Thrower
                                                                                                                                                                                                                                                                                                                              BUSS1
                                                                                                                                                                                                                                                                                                                              Sophie Davis
                                                                                                                                                                                                                                                                                                                              The skills needed to be a successful entrepreneur
                                                                                                                                                                                                                                                                                                                              rhiannafordx
                                                                                                                                                                                                                                                                                                                              The skills needed to be a successful entrepreneur
                                                                                                                                                                                                                                                                                                                              Rosie Wallis
                                                                                                                                                                                                                                                                                                                              AS - Buss1 - Formula Cards
                                                                                                                                                                                                                                                                                                                              Sophie Davis
                                                                                                                                                                                                                                                                                                                              How to Turn Business Failure into Business Success
                                                                                                                                                                                                                                                                                                                              Micheal Heffernan
                                                                                                                                                                                                                                                                                                                              Chapter 40: Promotion
                                                                                                                                                                                                                                                                                                                              19leesia
                                                                                                                                                                                                                                                                                                                              Browse Library