100% Zufriedenheitsgarantie Sofort verfügbar nach Zahlung Sowohl online als auch als PDF Du bist an nichts gebunden
logo-home
Summary Grade 11_Business Studies Summaries 10,14 €   In den Einkaufswagen

Zusammenfassung

Summary Grade 11_Business Studies Summaries

 266 mal angesehen  8 mal verkauft
  • Kurs
  • Hochschule

The Grade 11 Business Studies Notepad is an essential tool for any student studying business studies in grade 11. It covers the entire IEB and DBE syllabus according to ATPS, providing a comprehensive and complete learning experience. The notebook is designed for quick learning and revision, making...

[ Mehr anzeigen ]

vorschau 4 aus 70   Seiten

  • 2. januar 2024
  • 70
  • 2023/2024
  • Zusammenfassung
  • 200
avatar-seller
_




Business Studies
1 © Noted Summaries [Grade 11 Business Studies] www.notedsummaries.co.za

, business environment = internal and external elements and the external
environment of the companies affecting its operation

success of a business = environmentally variable and adjusting its business
policies so that the business can grow and survive


3 Types of Business Environments: MICRO , MARKET , MACRO


BUSINESS ENVIRONMENTS, ELEMENTS AND CHALLENGES:

Business Environments:
Internal environment External environment
MARKET ENVIRONMENT MACRO ENVIRONMENT
MICROENVIRONMENT
⇨Optional ⇨General
[full control by
[limited control by the [no control by the
enterprise]
company] company]
• Vision, mission, • Consumers • Political
strategy and goals • Competitors • Economically
of the business • Suppliers • Socially
enterprise • civil society • Technological
• Production • Intermediaries • Legally
Elements




Elements
factors/resources • Customers/Customers • Environment
• Business features • physically/naturally
• Management • Sociocultural &
structure Demographics
• Work environment • international/global
• Culture • Institutional
• Image of the
company
• difficult employees • Competition • changes in income
• lack of vision and • Demographics levels
mission • Inventory shortage • Globalization
lack of adequate change in consumers' Political changes
Challenges




Challenges




• • •
management skills preferences and habits • Recent legislation
• Trade unions • Psychographics • Labour restrictions
• Strikes & “sloth • socio-economic
strikes” issues
• inflation and
interest rates
Business has complete Business has no control, but management can
control affect control factors




2 © Noted Summaries [Grade 11 Business Studies] www.notedsummaries.co.za

,ENVIRONMENTAL ANALYSIS:

PURPOSE: DEFINITION [ENVIRONMENTAL ANALYSIS] :
⇨Process where information about possible current and
→ business ready [proactive]
future events that may affect the performance of
for future developments in
the business is collected
the external as well as the
internal environments [micro,
market, macro] of the company > adjustments to overcome potential obstacles
→ Identifying possible challenges and opportunities for the business
→ understanding the nature of changes
→ Trend to keep up with the pace of changes
→ >assess and understand the impact of business decisions on the company's
sustainability and competitive advantage.
→ [Part of the strategic planning process] Monitoring the business environment to
identify opportunities and threats.



# IMPORTANCE?

identify factors > impact on the business = existing plans can be adjusted or new plans
can be formulated to account for these factors/events.




PROCESS




Although the
(SWOT) analysis
can be used to
PE²STLE is a useful
The business will analyze both the
tool to identify
scan the macro internal and
these specific
environment to external
opportunities and
identify issues environments, in
threats in the
that need to be the macro
macro
investigated. environment only
environment.
OPPORTUNITIES
and THREATS are
investigated.




DIFFERENCE BETWEEN A TREND AND A CRISIS:

CRISIS TREND
fast and unexpected change changes that occur over a period of time
[not control over this event] and we can adjust strategies to provide
for these changes.




3 © Noted Summaries [Grade 11 Business Studies] www.notedsummaries.co.za

, BUSINESS ANALYSIS:
OBJECTIVE : identify opportunities and
SWOT ANALYSIS: threats in both the market and macro
environment + Identify (and analyse)
Strengths, Weaknesses, Opportunities,
strengths and weaknesses in the internal
Threats)
(micro) environment
= useful tool that allows viewing the
internal AND the external environments.



Intern
[Company]




External
[Environment]



The S (strengths) and W (weaknesses) ⇨ INTERNAL issues [eight business functions +
efficiency/degree of coordination between the functions to make the business
successful] ⇨ HAVE CONTROL OVER THE ISSUES


→ The financial strength of the business
→ Quality/creativity of the marketing campaign.
→ The strength of the trademark and/or patents to protect the trademark
→ Location of the business
→ Cleanliness (how clean it is) of the store.
→ Quality of the product/service sold.
→ How competitive are our pricing



STRENGTHS
= adding value to the performance of the business and/or resulting in the business gaining
a competitive advantage in the market
→ Competitive price
→ Place
o Place competing businesses close together
o Customers = easy access =
o Security is NB!
o Future developments=
o Trading hours of shopping centres
→ Patents
o Unique product
o legal exclusivity of producing the product in a certain way
→ Skilled workforce
→ Business culture


4 © Noted Summaries [Grade 11 Business Studies] www.notedsummaries.co.za

Alle Vorteile der Zusammenfassungen von Stuvia auf einen Blick:

Garantiert gute Qualität durch Reviews

Garantiert gute Qualität durch Reviews

Stuvia Verkäufer haben mehr als 700.000 Zusammenfassungen beurteilt. Deshalb weißt du dass du das beste Dokument kaufst.

Schnell und einfach kaufen

Schnell und einfach kaufen

Man bezahlt schnell und einfach mit iDeal, Kreditkarte oder Stuvia-Kredit für die Zusammenfassungen. Man braucht keine Mitgliedschaft.

Konzentration auf den Kern der Sache

Konzentration auf den Kern der Sache

Deine Mitstudenten schreiben die Zusammenfassungen. Deshalb enthalten die Zusammenfassungen immer aktuelle, zuverlässige und up-to-date Informationen. Damit kommst du schnell zum Kern der Sache.

Häufig gestellte Fragen

Was bekomme ich, wenn ich dieses Dokument kaufe?

Du erhältst eine PDF-Datei, die sofort nach dem Kauf verfügbar ist. Das gekaufte Dokument ist jederzeit, überall und unbegrenzt über dein Profil zugänglich.

Zufriedenheitsgarantie: Wie funktioniert das?

Unsere Zufriedenheitsgarantie sorgt dafür, dass du immer eine Lernunterlage findest, die zu dir passt. Du füllst ein Formular aus und unser Kundendienstteam kümmert sich um den Rest.

Wem kaufe ich diese Zusammenfassung ab?

Stuvia ist ein Marktplatz, du kaufst dieses Dokument also nicht von uns, sondern vom Verkäufer notedx19. Stuvia erleichtert die Zahlung an den Verkäufer.

Werde ich an ein Abonnement gebunden sein?

Nein, du kaufst diese Zusammenfassung nur für 10,14 €. Du bist nach deinem Kauf an nichts gebunden.

Kann man Stuvia trauen?

4.6 Sterne auf Google & Trustpilot (+1000 reviews)

45.681 Zusammenfassungen wurden in den letzten 30 Tagen verkauft

Gegründet 2010, seit 14 Jahren die erste Adresse für Zusammenfassungen

Starte mit dem Verkauf
10,14 €  8x  verkauft
  • (0)
  Kaufen