financial problems among students

Topics: Business, Small business, Management Pages: 3 (673 words) Published: September 30, 2013

1. Differentiate between big business and small business
Big Business
Small Business
Big businesses are internally focused and constrained by corporate strategy. Smaller business generally has fewer layers of management and fewer managers in general, than larger businesses. Small business organizational charts are often flat; they look like two or three stacked rows of bricks with one or two bricks on top. Small businesses tend to be responsive to external factors, and tactical. Tall organizational structures, by contrast, look like pyramids, with several management layers that reflect a more complex reporting structure. Small businesses often provide opportunities for front-line employees to speak and interact directly with executives, whose offices might be only a few steps away; this situation becomes more rare as companies grow. In larger businesses, a greater proportion of the communication takes place over large distances via phone or email, with co-workers in far-flung locations rarely or never meeting each other in person. A big business is a commercial enterprise organized and financed on a scale large enough to influence social and political policies Small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. For the big businesses when economy crashes, your business is more in demand For the small businesses when economy crashes, business is wiped out. Larger businesses often have wide and well-defined structures wherein each employee has a specific operational role. In smaller companies, each employee is more likely to take on a wider range of tasks than would someone with the same job title in a large company.

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