STANDARD GRADE BUSINESS MANAGEMENT PRELIM REVISION HEADINGS

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20 Νοε 2013 (πριν από 3 χρόνια και 8 μήνες)

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STANDARD GRADE BUSINESS MANAGEMENT


PRELIM REVISION HEADINGS



Goods and Services?


Differences between small, medium and large businesses


Public/Private/Voluntary Sectors

(
OF THE ECONOMY
)


Primary/Secondary/Tertiary Sectors

(
OF INDUSTRY
)


Consumption?


Production?


Creating Wealth?


Aims of different businesses?


Entrepreneur


Stakeholders


Interests of the different stakeholders


What happens when groups of stakeholders want different things?


Social and Economic Costs and Benefits


Organisation Charts


Features


Line Relationships


Tall and flat structures


Span of Control


Responsibility and Authority


4 Functional Areas


Functional Relationships


How do businesses start?


Finance and advice for new businesses


Risk


what risks do new businesses face
?


Markets


Market Research


Desk/Field Research, Product Research and Development,
Prototypes, etc


Marketing Mix


Pricing


Penetration/Destroyer/Skimming, etc


Advertising


Branding


Factors of Production


Business Plans


Growth


Internal Expansion


E
xternal Expansion


Horizontal and Forward/Backward Integration


Reasons for Growth


Diversification


Innovation

Economies of Scale


both Internal and External


Break Even Analysis


Cash Flow and Cash Budgets


Trading, Profit and Loss Account

o

Gross Profit

o

Net Profit


Balance Sheet

o

Fixed Assets

o

Current Assets

o

Current Liabilities

o

Working Capital

o

Long Term Liabilities

o

Capital


Ratio Analysis

o

Gross Profit %

o

Net Profit %

o

Rate of Stock Turnover

o

Return on Capital Employed

o

Current Ratio (Working Capital)

o

Acid Test

Ratio

o

Fixed Asset:Turnover


Why do businesses fail?


What makes a successful business?


Location


Factors to consider


Infrastructure


Funding for location?


Local/Central Government Assistance


Help from the EU?


Overdraft or Loan?


Shares or Debentures
?


Globalisation



Definition, Advantages/Disdavantages


Why do people work?


Skills and Qualities


Training


Different Types


Types of Contract, eg, Full
-
time, Part
-
time, Permanent, Temporary


Job Description


Person Specification


Recruitment


Contract
of Employment


Appraisal


Advantages/Disadvantages


What makes a good appraisal?


Legislation affecting the workplace


Industrial Action


eg, strike, go
-
slow, work
-
to
-
rule, etc


What has happened to the way people work in the last 50 years?


Input
-
Proces
s
-
Output


Distribution Options


Job/Batch/Flow Production


People v Machines


Stock Control/Just
-
in
-
Time/EPOS


Quality Control/Quality Assurance/Quality Cir
c
les/TQM