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Presentation transcript:

needs

wants

goods

survival

services

Factors of production

land

labour

capital

enterprise

What is Business?

Sectors of Industry

Primary Sector

Secondary Sector

Tertiary Sector

Quaternary Sector

Sectors of the Economy

Public Sector

Private Sector

Voluntary Sector

Sole Trader

Funding for a Sole Trader

Partnership

Funding for a Partnership

Private Limited Company

Funding for a Private Limited Company

Public Limited Company

Funding for a Public Limited Company

Franchise

Multinational

Limited Liability

Franchiser

Franchisee

Business Objectives

Profit Maximisation

Satisficing

Sales Maximisation

Social Responsibility

Market Share

Provision of a Quality Service

Customer Service

Merger

Takeover

Backwards Vertical Integration

Forwards Vertical Integration

Outsourcing

Diversification

Divestment

De-merger

Outsourcing

Public Sector Objectives

Private Sector Objectives

Voluntary Sector Objectives

Unlimited Liability

Advantages for a Franchisee

Disadvantages for a Franchisee

Disadvantages for a Franchiser

Advantages for a Franchiser

Span of Control

Line Relationship

Lateral Relationship

Tall Structure

Flat Structure

Chain of Command

Centralised Structure

Decentralised Structure

Matrix Structure

Entrepreneurial Structure

Delegation

Empowerment

Functional Grouping

Product/Service Grouping

Place Grouping

Process or Technology Grouping

Stakeholder Conflict

Stakeholder Interdependence

Strategic Decisions

Tactical Decisions

Operational Decisions

POCCCDM

The Role of a Manager

SWOT Analysis

Decision Making Tool