Planned, market and mixed economies
Market, planned and mixed economies
Three main sets of decisions need to be made by the economic system - what to produce, how to produce,...
External organisations
Businesses come into contact with a range of external organisations, including:
CompetitorsSuppliers of services e.g. transport and communications suppliersProviders of assistance e.g. advisory bodies such...
Vision
Thevision of a company is an outline of what that company wants to achieve. A vision needs to promote aspiration and inspirestakeholders, both internal and...
Ownership
The owner of a business is the person who owns the business - i.e. has put the financial capital into the business and takes...
Types of organisation
The main types of business organisation in the private sector are illustrated in the chart below:
Criteria For Judging The Success Of Business
Businesses come in...