Please enable JavaScript.
Coggle requires JavaScript to display documents.
Business PCT 3 (Enterprise (Business Growth & Failure (Measure by…
Business PCT 3
Enterprise
Gov. Support
To provide global economic growth
Start-up support, Financial support, Remove of obstacles, Institutions, etc.
Business Plan
Summary >>> Owner/Business/Market >>> Ad/Prom >>> Premise/Equipment >>> Org. >>> Costings >>> Finance >>> Cash Flow >>> Expansion
Business Growth & Failure
Measure by amount of employees, output, market share, capital owned, etc.
Internal: Organic Growth
External: Takeover, Merge, Share
Failure: No cash, Low profit, Poor sales/services/management, External changes, Over-reliance on single customer, Lack of planning, Inexperience, Trying to grow too quickly, etc.
Remain small >>> Flexible, Less debt, Greater control, Understandable, Less stress/complexity
Entrepreneur
Logic, Responsibility, Confidence, Leadership, Open Mind, Flexibility, Ambition, Risk-Taking, Perseverance, etc.
People In Business
Org. & Management
Tall: More ctrl/comm, Too many levels
Flat: Less managers needed, Need more trust in subordinates, More responsibility required
Role of Management: CLOCKPOD
Motivation
Work to spend time and satisfy human needs
Influenced by job satisfaction/rotation/enrichment
Business Activity
Purpose & Nature
Adding value
Scarcity >>> Make choices
Satisfying wants & needs
Specialisation
Cheap & focused, but over-reliance + lack of variety/flexibility/individuality
Best use of resources by the company
Doing things better than rivals
Particular activities/ productions
Classification
Private/Public Sector
Primary, Secondary, Tertiary, Quaternary