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Ways in which a business can change practices in order to be successful

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GCSE Business Studies Mind Map on Ways in which a business can change practices in order to be successful, created by toby solomon on 22/03/2017.
toby solomon
Mind Map by toby solomon, updated more than 1 year ago
toby solomon
Created by toby solomon almost 8 years ago
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Ways in which a business can change practices in order to be successful
  1. Diversity
    1. Business activity (e.g. merge with primary manufacturing)
      1. Expand into new markets
        1. Introduce new products
        2. Change in Owernship
          1. Become a PLC from a LTD
            1. Increase number of partners
              1. From an unincorporated
                1. To incorporated
              2. Merge with another business
                1. Increase working captial
                  1. Increase customer base
                    1. Increase productivity
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