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Business Management: Unit 1-Detailed Mind Map: 1.2 Types of Business Entities 1.1 What Is A Business?

This document provides an overview of key concepts in business management including the primary, secondary, tertiary and quaternary economic sectors. It also summarizes different types of business entities like sole traders, partnerships, privately held and publicly held companies. Additionally, it outlines the impact of multinational companies on host countries and covers objectives, stakeholders, and strategies for business growth and evolution through methods such as mergers and acquisitions, takeovers, joint ventures and franchising.

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Kressida Banh
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197 views1 page

Business Management: Unit 1-Detailed Mind Map: 1.2 Types of Business Entities 1.1 What Is A Business?

This document provides an overview of key concepts in business management including the primary, secondary, tertiary and quaternary economic sectors. It also summarizes different types of business entities like sole traders, partnerships, privately held and publicly held companies. Additionally, it outlines the impact of multinational companies on host countries and covers objectives, stakeholders, and strategies for business growth and evolution through methods such as mergers and acquisitions, takeovers, joint ventures and franchising.

Uploaded by

Kressida Banh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Business management: Unit 1—detailed mind map

Primary, secondary, tertiary and quaternary sectors The main features of the following types of organizations.
Entrepreneurship
The nature of business Sole traders
Challenges and opportunities for
starting up a business Partnerships
Privately held companies

1.2 Types of business entities Publicly held companies


1.1 What is a business?

The main features of the following types of for-profit social enterprises.

Private sector companies

Public sector companies


Cooperatives

1.6 Multinational companies (MNCs) The main features of the following type of non-profit social enterprise.
The impact of MNCs on the host countries
Non-governmental organizations (NGOs)

Unit 1:
Introduction
to business
management 1.3 Business objectives

Vision statement and mission statement


Common business objectives including, growth, profit,
1.5 Growth and evolution protecting shareholder value and ethical objectives

Internal and external economies and diseconomies of scale Strategic and tactical objectives

Corporate social responsibility (CSR)


The difference between internal and external growth

Reasons for businesses to grow

Reasons for businesses to stay small


1.4 Stakeholders
External growth methods.
Mergers and acquisitions (M&As)

Takeovers

Joint ventures

Strategic alliances
Internal and external stakeholders
Franchising
Conflict between stakeholders

Business management teacher support material

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