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Strategy
Developing a global strategy
Today we live in a global economy in which the time taken for people to move between continents has been significantly reduced and in...
Resources and assistance for a business
Businesses require inputs of time, information, people, raw material, premises, capital, labour and paperwork. You can see from this list that considerable managerial skills...
Business ownership
An organisation is a decision-making unit that sets out to achieve particular business objectives. A business organisation will produce a product or service that...
Business failure
Start up businesses have a very high failure rate in this country with as many as 1 in 3 failing in their first three...
Business planning
Good business planning is an essential requirement if a business is to succeed. A business plan is a document setting out information about the...
Business plan
A business plan is a description of a business and its plans for the next one to three years. The plan sets out the...
The planning process
Plans are developed in order to set out a route map to help in achieving objectives. Whilst the plan is made by managers with...
Creating and evaluating your business plan
A business plan is a description of a business and its plans for the next one to three years. It explains what the business...
Support and advice to business
There are a number of bodies that provide support and advice to businesses, ranging from the local Chamber of Commerce or Chamber of Trade to...
Constraints
A business plan needs to be realistic, so it is important to set out in detail the constraints that are likely to act as...
Functional areas within the business
Organisations are structured in radically different ways ranging from relatively fixed structures with positions, rules, and established chains of communication to dynamic structures in...
Organisational structures
Organisations have a formal structure which is the way that the organisation is organised by those with responsibility for managing the organisation. They create...
Organisational functions
The functions of a business are the key specialisms that it is divided up into such as marketing, accounts, production, etc. In the past,...
Business activity
Business activities are those which are concerned with seeking to meet the needs of customers by providing a product or service that they require....
The structure of a business
In the UK and most other countries, business is structured in such a way that most activity takes place within the private sector with...
Internal organisation
The internal organisation of a business is the way in which it is structured to carry out its various activities. A lot of attention...
Business expansion
Business expansion presents potential benefits and drawbacks, some owners are even unwilling to take the risk of growing a business, instead deciding to stay small....
Setting aims and objectives
An objective is the end or ends that an organisation is trying to achieve. Typically, objectives will be set at a number of levels,...
Criteria for judging success
There are different views about what makes a successful business. Typically success should be judged by the ability to meet objectives.
Criteria for judging...
Objectives
Business activity is focused on the achievement of appropriate business objectives as shown below.
Objectives for
Production for a company like Coca-Cola will focus on quality...
Measuring performance against objectives
Management accounting uses financial information in order to enable better decision making within the organisation. The format and content of management accounts will depend...
Aims and objectives
Business activity is focused on the achievement of business aims and business objectives.
A business aim is a goal a business wants to achieve. A...
Business objectives planning and stakeholders
Business objectives
Business objectives are the ends that an organisation sets out to achieve. A business creates business plans to enable it to achieve these...
Delegation and decentralisation
Delegation involves handing out responsibility to individuals in an organisation to make decisions rather than everyone having to be told what to do by...