This popular title has been completely updated to reflect the new Arrangements introduced for the 2005/06 course. In addition to comprehensive coverage of key areas to consolidate and enhance understanding, quick questions and differentiated exam-style questions at the end of each chapter sharpen exam technique.
Use the case studies to broaden subject knowledge, whilst a full glossary makes reference quick and easy.
Contents
Chapter 1: Business in contemporary society
Cycle of business
Factors of production
Sectors of business activity
Private sector organisations
Non-profit making organisations
Publicly-funded organisations
Objectives
Stakeholders
Role of enterprise and the entrepreneur
Franchising
What is a manager?
Sources of finance
Sources of assistance
Methods of growth
Internal business environment
External business environment
Changing business environment
Chapter 2: Business information and ICT
Sources of information
Types of information
Value of information
Uses of information in business
Types of ICT
Costs and benefits of ICT
Business software
Uses of ICT
Effects of ICT
Chapter 3: Decision-making in business
Types of decisions
Mission statement
Decision-making process
Role of managers in decision-making
Influence of stakeholders on decision-making
SWOT analysis
Costs and benefits of POGADSCIE and SWOT
Why is effective decision-making difficult?
What do quality decisions depend on?
Other decision-making techniques
Chapter 4: Internal organisation
Types of organisational groupings
Organisation charts
Formal organisational structure
The role and responsibility of management
Organisational relationships
Changes in organisational structure
Empowerment
Corporate culture
Chapter 5: Marketing
Chapter 6: Operations
Chapter 7: Financial management
Chapter 8: Human resource management
Chapter 9: Key terms and solutions
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