Business Management UNIT 1

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Decks in this class (33)

sources of business opportunity
Innovation,
Entrepreneurship,
Market opportunities
8  cards
characteristics of successful managers
Successful managers,
Communication,
Determination
6  cards
characteristics of successful entrepreneurs
Willingness to take risks,
Strong networking ability,
Determined
6  cards
motivators
Financial independence,
Personal independence,
Make a profit
5  cards
business concept development
Business concept development
1  cards
business opportunity/business concept development
Business opportunity business con...
1  cards
business protection
Intellectual property ip,
Trademark,
Copy right
5  cards
market research
Market research,
Market research process
2  cards
types of data
Qualitative,
Quantitive,
Primary research
10  cards
types of goals
Financial goals,
Profit,
Profit margin
4  cards
economy
Economy,
Employment opportunities,
Taxation revenue
10  cards
Government Research and Development
Innovation connections,
Research and development tax ince...,
Accelerating commercialisation
6  cards
business environments
External environment macro factors,
Internal environment internal fac...,
External environment operating fa...
4  cards
macro environmental factors
Legal and government factors,
Legal and government regulations,
Compulsory legal requirements
7  cards
societal attitudes and behaviours
Societal attitudes,
Values and beliefs,
Trends
5  cards
Economic Conditions
Economic conditions,
Types of economic conditionsecono...,
Types of economic conditionsecono...
5  cards
TECHNOLOGICAL DEVELOPMENT
Technological development,
Types of technological development,
Mechanisatoin
7  cards
global issues
Overseas competitors,
Overseas markets barriers,
Offshoring labour
11  cards
stakeholders
Stakeholders,
Internal stakeholders,
External stakeholders
14  cards
CSR
Csr,
Csr managers emolyees examples,
Csr customer eg
7  cards
currency and exchange rates
Currency,
Exchange rates,
Increased aus dollar
5  cards
customer needs
Customer needs that motivates a c...,
Environment,
Health conscious
4  cards
Competitive Behaviour
Competitive behaviour,
Porters generic stratgergies,
1 low cost strategy
12  cards
The Supply Chain
Supply chain,
Supply chain management,
Sourcing
10  cards
Special Interest Groups
Speical interest groups,
Environmental lobby groups,
Business associations
6  cards
TYPES OF BUSINESSES
1 sole trader define,
1 sole traderstrengths and weakne...,
2 partnership define
14  cards
TYPES OF BUSINESS MODELS
Business models,
5 types of business models,
1 online business define
11  cards
LOCATION
Location factors,
Benefits of choose right location,
Types of locations
4  cards
business resources
Resources,
Natural,
Labour
4  cards
SOURCES OF FINANCE
Internal,
External,
Short term
16  cards
BUYING VS STARTING BUS
Purchasing an established busines...,
Purchasing an established busines...,
Starting up a new buspros
5  cards
BUSINESS PLAN
Business plan
1  cards
BUSINESS SUPPORT SERVICES
Legal and financial advice,
Technological advise,
Community based support
6  cards

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Business Management UNIT 1

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