Business Study Guide PDF
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This document is a study guide for business principles, covering topics such as business introduction, human resources, finance, marketing, and operations management. It provides a detailed overview of different concepts and includes pros and cons analysis.
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1.1 - What is a business?: production process, entrepreneurs, primary, secondary tertiary, quaternary sectors, challenges, and opportunities for starting a business. 2.1 - Intro to HR: HR role, HR planning, internal and external factors that influence hr planning, changes in labor mobility, flextim...
1.1 - What is a business?: production process, entrepreneurs, primary, secondary tertiary, quaternary sectors, challenges, and opportunities for starting a business. 2.1 - Intro to HR: HR role, HR planning, internal and external factors that influence hr planning, changes in labor mobility, flextime, teleworking and homeworking + advantages and disadvantages, gig economy + pros and cons, resistance to change in the workplace, 6 approaches to change. 3.1 - Intro to Finance: capital and revenue expenditure + challenges 4.1 - Intro to Marketing: the 4 p’s of marketing, market and product orientation + pros and cons for each, Market Share, Market growth, marketing + operations, marketing + finance, marketing + HR, ethical marketing market planning SWOT - Strengths, weaknesses, opportunities, threats 5.1 - Intro to operations: operations management, operations + marketing, operations + HR, operations + finance, 5 M’s of production, key aspects of operations management 1.2 - Types of business entities: pprivate-publicsector, sole trader + pros, and cons, partnerships + pros and cons, companies publicly and privately held + pros and cons, for profit social enterprises + pros and cons, cooperatives + pros and cons, non profti social enterprises (ngos) + pros and cons 2.3 - Leadership Styles: Autocratic + pros and cons, Paternalistic + pros and cons, Democratic + pros and cons, Laissez-faire + pros and cons , Situational + pros and cons I.3 - Business objectives: mission and vision statements, common business objectives + pros and cons, strategic and tactical objectives, CSR 1.4 - Stakeholders: internal and external stakeholders, stakeholder conflicts, stakeholder mapping 3.2 - Sources of finance: internal sources of finance + pros and cons, external sources of finance + pros and cons.
