Understanding Business Created with Mind Genius 2013 Created

Understanding Business Created with Mind. Genius 2013®

Created with Mind. Genius 2013®

Understanding Business n n n n Features of organisations internal environmental factors Stakeholders External environmental factors Business Objectives Organisational structures business functions How to respond to challenges Created with Mind. Genius 2013®

Evidences: n n n Formative Assessment - short written responses Formative Assessment - group tasks Summative Assessment - presentation, blog, brochure Created with Mind. Genius 2013®

Features of organisations n Large n n comparison medium Definition n sectors n Management n objectives n Operation n n small Created with Mind. Genius 2013®

internal environmental factors n n n n Objectives Strategies Structure Management Staff Procedures and policies Processes Created with Mind. Genius 2013®

Stakeholders n n level of influence potential conflicts Created with Mind. Genius 2013®

External environmental factors n n n P E S T E C Created with Mind. Genius 2013®

Business Objectives n n Describe the different objectives Describe the importance Created with Mind. Genius 2013®

Organisational structures n n n n Functional Product Geographic Customer Line/Staff Entrepreneurial Matrix Hybrid Created with Mind. Genius 2013®

business functions n roles and activities n operation n HR n marketing n digital marketing n procurement n finance n IT Created with Mind. Genius 2013®

business functions (Cont. ) n n n Importance of Customer satisfaction Changes to reflect the business cycle Supply chain Created with Mind. Genius 2013®

How to respond to challenges n n External factors Internal factors Created with Mind. Genius 2013®