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Business Studies
Our business studies section offers comprehensive resources designed to deepen your understanding of fundamental business principles. Explore topics ranging from marketing to operations, tailored to support both academic and professional growth.
Technology
Technology is the process of applying new scientific discoveries and other developments to products and processes. If we look at the development of production...
Production technology
Technology is the process of applying the finding of science and other forms of enquiry to applied situations. Production technology, therefore, involves applying the...
New product development
When new products are needed to replace those coming to the end of their product life cycles in order to keep up with market changes,...
Monopolies mergers and restrictive practices
Some firms use anti-competitive practices in order to improve their own position in the market at the expense of rivals. The net result is...
The organisation and change
Organisations change over time in a variety of ways. There are a number of ways in which they might change:
1. From small companies to...
Management of change
Organisations change over time in a variety of ways. There are a number of ways in which they might change:
1. From small companies to...
Business Locations
The Importance of Business Locations in Economic Success
The location of a business is a fundamental factor influencing its success. It determines where the business...
Business Location
The location of a business is where it is situated e.g. in Central London, Silicon Valley, etc. Where to locate a business is a...
Location of production
Location of production
Production activity should be located where a firm can be most productive, and yield the highest revenues per unit of investment.
A...
Innovation
In business terms, innovation is the commercial exploitation of an invention. This involves dedicating resources and bringing a new idea to market. The succession of...
Health and Safety
The health and safety of employees in the workplace are major concerns for employers and employees. Detailed employment laws and legislation have been created...
Responsible production
Responsible production involves the production of goods and services in an ethical way which involves the minimisation of waste and pollution.
In the past...
Productive efficiency
Productive efficiency is measured by the number of units of output that can be produced from given quantities of inputs.
Organisations depend upon the skills...
Improving productivity
Productivity is the efficiency with which a firm converts inputs into outputs. Since staff represent the largest cost for many firms, labour productivity has...
Dealing with customers
Customer service is the overall activity of identifying and satisfying customer needs.
The term is used in three different ways:
As a contrast to 'products'. Products...
Continuous improvement
Continuous improvement is arguably one of the most important concepts in Japanese management, and is the main difference between Japanese and Western approaches to...
Control of business activity
Control of business activity takes place at two levels - control from within the organisation and external control.
Internal control
Internal control involves the creation of...
The formal and informal organisation structure
Organisations have a formal structure which is the way that the organisation is organised by those with responsibility for managing the organisation. They create...
Facilities Management
An important aspect of production management and control is the management of facilities. Facilities management typically involves the following:
Buildings and site maintenance
Make sure that...
Controlling operations
Operating activities (or operations) are the ongoing activities that a business is involved in - e.g. processing a customer's order in an Argos store,...