Business Revision Topic 1 – Business Organisation and Environment * What is business activity? Inputs – Land‚ Labour‚ Capital & Enterprise Outputs – Goods or Service & Waste. Processes – Research and development‚ Production‚ Marketing‚ Finance‚ Administration‚ Human Resources. * Functions * Production – the changing of natural resources into a product or service. * Marketing – IT is to do with identifying consumer needs and pleasing them. Eg: Pricing‚ advertising
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Organizational Theory and Design * From Ants to Bluetooth : Exploring the Holonic Enterprise * United we stand‚ divided we fall : The role of culture in an organization From Ants to Bluetooth Exploring the Holonic Enterprise The ants in my kitchen formed a steady trail to the sugar container. One of nature’s simple yet fascinating creations is the ant. Every member of this species possess identical qualities: disciplined‚ hardworking and focused.
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ORGANISATIONAL STRUCTURE OF JOHNSON&JOHNSON JOHNSON & JOHNSON’s organizational structure is dictated by its corporate strategy. Johnson & Johnson has more than 250 companies located in 60 countries around the world. Johnson & Johnson Family of Companies is organized into several business segments comprised of franchises and therapeutic categories. Consumer HealthcareThe Consumer segment includes a broad range of products used in the baby care‚ skin care‚ oral care‚ wound care
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Analysis of a Financial Performance of an Organization | | Table of Contents Executive Summary....................................................................................................4 Introduction................................................................................................................5 Company Background...............................................................................................5 Financial Report Analysis....................
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Organisational structure outlines individuals’ tasks and responsibility within the business usually impacting the overall culture as well. This is to achieve their goals. Every business usually groups people in two ways; function and product. The matrix structure is where there are more than one reporting line for employees i.e. individuals’ which have more than one formal manager. (https://www.google.co.uk/?gfe_rd=cr&ei=hNVWU77pB-zR8gfe4YHYCg#q=what+is+the+matrix+structure) KBR is more
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Forms of Business Organization (provided by the Missouri Small Business and Technology Development Centers) One of the first decisions that you will have to make as a business owner is how the business should be structured. All businesses must adopt some legal configuration that defines the rights and liabilities of participants in the business’s ownership‚ control‚ personal liability‚ life span‚ and financial structure. This decision will have long-term implications‚ so you may want to consult
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Forms of Business Organization Western Governors University The study of business organization is a study of complexity: as each business is different‚ each form of business organization is also unique. From a local hot-dog vendor to a trucking company‚ from a restaurant to a multinational‚ each business has different legal‚ moral and ethical concerns‚ and there is no "one-size-fits-all" approach to determine how a business should best be organized. Take the first two businesses
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PRINCIPLES OF MANAGEMENT REVIEW MATERIAL # RM2014-001 BUSINESS – is any activity involved in the production and distribution of goods and services‚ aimed to meet the economic needs of consumers with an objective of eventually earning profit. ELEMENTS OF A BUSINESS SYSTEM Economics is the study of how society produces and distributes its desired goods and services. It deals how the society uses its resources to produce goods and services. These economic resources to produce are called
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“Scope of Business Organization” Section A Mr. Akram is working as Management Training Officer Grade II in Habib Bank Limited. He has joined the bank two months ago against a contract of 5 years. The terms of this contract states that if he resigns from this post before 5 years then he is required to refund a sum of Rs. 500‚000 and all the training fees. His father Ansar Ali is running an auto workshop from the last 40 years. One day his father faces an accident and dies. Being the only son of
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DEFINITION In the economic literature no one generally corresponding definition for the concept "Matrix-Organisation" exists. Nevertheless some general principles can be found: -While in the conventional organisation forms just one criterion is selected and used for the structure on a certain level‚ it is typical for the matrix organisation that simultaneously and with equal rights two or more structure features are taken into consideration. -Thereby emerges a "mixed organisation form"‚ which also
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