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Business Management HL (Management (Operations management (Quality,…
Business Management HL
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Influences to businesses
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External
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Political
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Governmental aims: Growth, Full employment, Balanced trade, Economic development (Environment), Price Stability
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Link to 7 Ps (product, price, promotion and place, process, physical evidence, people) - 7 Ps for HL and 4Ps for SL
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Link to other segments of Human Resources (Motivation, communication, delegation, management, leadership)
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Link to other segments of Human Resources (Motivation, communication, delegation, management, leadership)
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IMPORTANT NOTE: Owners are the ones who enjoy limited liability in corporations, IT IS NOT THE FIRM
All the organisations link to different parts of the units in Business Management like Finance, Human Resources, Marketing, Operations Management
Link to source of finance since charities receive finance from governments and non governmental organisations do not receive finance from government and actually receive finance from other sources like membership fee etc.
IMPORTANT NOTE: Types of Organisations creates a question where we are required to compare different organisations, therefore, we need to be very critical here in terms of explaining the relative significance of points for different organisations
Link to different organisational culture, ie. more democratic can involve cellular