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Higher Business Management Understanding Business (Types of Organisation,…
Higher Business Management
Understanding Business
Role of Business in Society
Sectors of Industry
Primary
Secondary
Tertiary
Quaternary
Sectors of the Economy
Private
Public
Third
Structures
Entrepreneurial
Matrix
Hierarchical (tall)
Flat
Centralised
Decentralised
External Factors
Political
Economic
Social
Technological
Environmental
Competition
Internal Factors
Corporate Culture
Finance
Employees
Technology
Managers
Types of Organisation
Private Limited Companies (Ltd)
Public Limited Companies (PLC) :
Franchises
Multinationals
Public Sector (Government)
Clubs
Charities
Social Enterprises
Objectives
Corporate Social Responsibility (CSR)
To expand
Satisficing
To maximise sales/profits
Groupings
Geographical
Product/Service
Technological
Staff/Line
Customer
Function
Decision Making
Types of Decision
Role of a Manager
Management Theorists
Methods of Growth
Organic (internal)
Diversification
Horizontal Integration (merger)
Forward Vertical Integration
Backward Vertical Integration
Friendly/Hostile Takeover
Stakeholders
Terms
Impact
Conflict of interest
Interdependence
External
Banks
Government
Local Community
Suppliers
Customers
Internal
Employees
Managers
Shareholders