International Business studies | Unit 1: Exploring Business Activity | M1‚ M2 and M3 | | Tristan Dik – IBS3B | 3/27/2011 | M1: Explain the points of view from different stakeholders seeking to influence the strategic aims and objectives of two contrasting organisations. M2: Compare factors which influence the development of the internal structures and functional activities of two contrasting organisations. M3: Analyse how external factors have impacted on the two contrasting organisations
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1.1 Nature of Business Activity Factors of Production Land … all the natural resources Labour … all the human effort (physical and mental) Capital … the manufactured resource used in the production process Enterprise … the unique ability certain people have in organising factors of production Combining the factors Labour Intensive Capital Intensive Division of Labour and Job Specialization Benefits Increased Production Lower Costs Efficiency Standardization
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The purpose of business activities(prepared by Lincoln Henry) Business is the production of goods or provision of service with the aim of making a profit. Production – is the process of transferring raw materials into semi – finish of finish goods. Provision – making something available. Good – is a tangible item that one can see‚ touch and that is portable. Service – is intangible‚ it is something that one can experience and enjoy. Profit – profit is cost of production minus sales
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The UK’S former Prime Minister Margaret Thatcher was famous for her TINA acronym and Gordon Brown the current PM encourages UK global trading by welcoming even more foreign investors. So‚ whether in the newspaper articles‚ politician speeches‚ or business leader press conferences the G-word appears to be the most important issue in contemporary society. Many see the recent increase in cross border transaction as the new defining element of globalization. However‚ this has not been a new development
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You are invited to complete a business plan activity. The business plan is designed to help you communicate what your business will look like as you start and what your goals are for the future. Please review the instructions below. Business Plan Business Plan 1. Provide complete answers to each question. Be specific in your responses. 2. You are expected to utilize any research you have done or knowledge about the business to describe your plan. 3. Be sure to describe your rationale for crucial
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INTRODUCTION 3 Industrial Selling Environment 3 Exogenous Variables: 3 Endogenous variables: 3 FOUNDATIONS OF PERSONAL SELLING: AN ORGANIZATION CUSTOMER FOCUS: 5 Promotion and role of personal selling: 7 Personal selling: the conceptual framework: 9 Stages of the selling process 9 Personal selling and Competition: 12 Scene 1: NEW FIRM‚ NEW PRODUCT LINE/MIX 13 Scene 2: NEW UNKNOWN FIRM AND OLD‚ ESTABLISHED PRODUCT CONCEPT 14 Scene 3: OLD FIRM‚ NEW PRODUCT-SERVICE 14 Scene 4: OLD FIRM‚ OLD PRODUCT/SERVICE
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References: * Randy Braun’s B2B Marketing Class @ MSCD * http://thejournal.com/articles/2011/02/01/brainchild-debuts-android-tablet-for-schools.aspx * http://www.onlinemarketing-trends.com/2011/03/tablet-sales-in-us-to-double-in-2011.html * http://www.nytimes.com/2008/10/30/education/30college
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Multimedia Activity: Business Organization Business Law I March 4‚ 2013 Outside of a sole proprietorship‚ where a single owner owns and operates the business there are three basic types of business organizations: partnership‚ corporation and LLC‚ also known as limited liability company. (Rodgers‚ S. 2010. Chapter 13) The general requirements for each entity are the following; a partnership is defined as an association of two or more competent persons to carry on a business as co-owners
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1.1 Nature of Business Activity A business is a decision-‐making organisation which uses a combination of inputs‚ processes and outputs. Inputs ideas‚ money‚ labour‚ employees‚ raw materials‚ equipment Processes action of turning inputs into outputs cooking‚ delivery‚ manufacturing Outputs final products goods or services Businesses exist to satisfy the needs and wants of people‚ organisations and governments.
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2.0 The Different Types of Business Activity By the end of this chapter‚ you should be able to: • Classify entities into primary‚ secondary and tertiary sectors • Explain features of public and private business • Understand the different forms of merger and take-over • Compare methods that measures the size of a business Levels of Economic Activity Stage Business Involved Primary Woodcutter Secondary Furniture Makers Tertiary Retailer Example – Stages in the production and sale
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