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Unit 3 AoS 1 Business foundations (types of business (sole trader,…
Unit 3 AoS 1 Business foundations
types of business
sole trader
partnernship
private limited business
public listed companies
social enterprises
government business enterprises
business objectives
make a profit
to increase market share
to fulfil a market and/or social need
to meet shareholder expectation
characteristics of stakeholders
interest
potential conflicts between stakeholders
corporate social responsibility
the areas of management responsibility
operations
finance
human resources
sales and marketing
technology support
how each contribute to achieve business objectives
management styles
autocratic
persuasive
consultative
participative
laissez-faire
the relationship b/w management styles and management skills
corporate culture
offical corporate culture
real corporate culture
strategies for its development